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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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American dropped 14,000 Feb. flights due to storms

 

FORT WORTH, Texas (AP) – American Airlines and US Airways canceled more than 14,000 flights last month – more than double the rate from a year earlier – as winter storms disrupted air travel.

American Airlines Group Inc. said Monday that the cancellations hurt first-quarter profit, but didn't give a figure. The company said it expects to provide more details in early April.

American Airlines Group Inc. is the holding company established as a result of the merger of American Airlines and US Airways.

Despite the storms, the company said, a key figure of revenue for every seat flown one mile rose between 2 percent and 4 percent in the first quarter. That statistic rises when an airline fills more seats or raises average fares.

American and US Airways canceled about 28,000 flights in the first two months of the year, up 164 percent from the same period in 2013 as storms hit hubs in Dallas, Chicago and elsewhere.

Despite the cancellations, traffic rose 0.5 percent, as passengers flew 15.08 billion miles last month, up from 15.01 billion in February 2013, the airline said.

American and US Airways boosted capacity by 0.8 percent, so the average flight was a bit less crowded; 78.4 percent full, down from 78.7 percent a year earlier. All of the capacity increase was on international flying.

American also said Monday it is ending its agreement with JetBlue Airways Corp. that allowed travelers on each airline to add connections to their itinerary on the other's aircraft.

The termination of the interline sales agreement is effective March 10.

The companies also announced that they are ending a reciprocal frequent flyer program accrual agreement. Beginning April 1, travelers will no longer earn miles or points when traveling on eligible routes run by the other airline.

American AAdvantage miles or JetBlue TrueBlue points already accrued through the partnership will be credited to customers' accounts and are not affected, American said in a news release on its corporate website.

 

 

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