Join The Discussion

 

Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

read more >

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

US Airways has good quarter on way to American merger

 

JOSHUA FREED,AP Airlines Writer


Full planes were good to US Airways in the first quarter.

America's fifth-largest airline on Tuesday posted a bigger adjusted profit as it carried more passengers, and collected more from them.

Automatic government spending cuts hurt demand from government travelers, who account for about 3 percent of US Airways revenue. Revenue from government travelers dropped 37 percent in March, when the spending cuts kicked in. The airline has a hub at Reagan National Airport in Washington.

However, "leisure demand has remained quite strong thus far in 2013," President Scott Kirby said on a conference call. Bookings for May are higher than at the same time last year, he said.

The airline earned $44 million, or 26 cents per share. Its adjusted profit was 31 cents per share, topping the expectations of analysts polled by FactSet.

Revenue rose 3.5 percent to $3.38 billion, driven by what the airline called "a strong demand environment."

The airline earned 28 cents per share in the year-ago quarter, but that was inflated by a swap with Delta that gave US Airways more landing rights in Washington in exchange for giving up rights at New York's LaGuardia airport.

Traffic rose 4.4 percent, pushing occupancy up by 2.4 percentage points, to 81.7 percent.

Fuel prices fell by 3 cents per gallon, to $3.24.

US Airways plans to merge with American Airlines. The combined airline would be the biggest in the world. US Airways said it still expects the deal to close by the end of September, and it's hoping to code-share on American's flights within six weeks of that. Code-sharing allows airlines to sell seats on each other's flights, which makes it easier and more attractive for passengers to book flights that involve both airlines.

Shares of Tempe, Arizona-based US Airways Group Inc. rose 78 cents, or 5 percent, to close at $16.30.
 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?