Singapore Airlines Cargo on Thursday pleaded guilty and agreed to pay a $48 million criminal fine for its role in a conspiracy to fix prices in the air transportation industry, the U.S. Justice Department said.
United Continental Holdings on Thursday announced that both companies posted profits in the third quarter of 2010 and that they will lift capacity just 1% to 2% in 2011.
An elderly woman was arrested at Dallas/Fort Worth International Airport in Texas on Wednesday after she managed to get through security and board a passenger plane with a gun, federal officials said.
After the close of the markets on Tuesday, United Airlines announced a major shakeup in its executive ranks. The airline's CEO Jeff Smisek is out, along with a pair of vice presidents.