Southwest Airlines earned more during the first quarter than what analysts from Wall Street had estimated, but officials from the airline said the federal budget cuts could hurt revenue for the airline going forward. An airfare increase helped the airline, as its one-way fares are now averaging over $150 dollars, which is a 4% increase from last year. Southwest also released details about is operation in Atlanta, where... 

Japan Airlines as well as All Nippon Airways, the largest users in the world of the 787 jets made by Boeing, grounded their entire fleets of the Dreamliners. This is now the largest blow to the image of the troubled passenger aircraft. An emergency landing was made by a 787 from the All Nippon fleet in Japan after pilots received a warning of a battery fault and then smelled smoke. That prompted them to make the decision... 

AMR Corp, the parent company of American Airlines has been offered a deal to merge by US Airways. The merger deal has placed a value of the two airlines combined at more than $8.5 billion. While American pilots were busy voting to ratify a new contract on Friday, the US Airway merger details emerged. The vote approving the new contract ended a year’s long dispute between management and the pilots and helped to stabilize... 

Rolls-Royce the aircraft engine maker might face prosecution due to allegations of corruption in Indonesia, China and other international locations. The company first started as a luxury carmaker. However, it also provides power systems plus services to the marine, energy and defense industries. The company announced it was fully cooperating with the Serious Fraud Office in the UK in a probe involving intermediaries. Rolls-Royce... 

Boeing’s (NYSE:BA) 787 Dreamliner has been granted the prestigious award of “Aircraft of Legend” by the Living Legends of Aviation organization. The Aircraft of Legend award is a prestigious black tie awards gala in which the Legends of Aviation honor significant contributions to aviation.  The Living Legends of Aviation organization is akin to the “Golden Globe” organization regarding movies... 

Raytheon (NYSE:RTN) has picked up yet another Cyber-Security company, this time it is privately-held Henggeler Computer Consultants, Inc., therefore, details regarding the sum paid for the acquisition by Raytheon has not been disclosed. Raytheon is hopeful that the acquisition will help boost their cybersecurity efforts, enterprise architecture and systems engineering needs of customers in the intelligence community as well as in the Department of Defense.  The company pointed out in their acquisition...