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U.S. markets recover from steep losses
DENVER, June 26 (UPI) -- Frontier Airlines intends to cut 17 percent of its flight schedule and trim jobs in proportion to the reduction, the airline said.
The cuts may mean the elimination of 1,000 jobs, The Denver Post reported Thursday.
"It's both the bankruptcy case and having to respond to present industry conditions," Robert Mann, an industry consultant told the Post. The move could also leave an opening for profitable Southwest Airlines to expand further in the Denver area, analysts said.
Southwest, which has expanded its flights from Denver International Airport this year, "smells blood in the water," aviation consultant Mike Boyd told the Post.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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