Airline Earnings Roundup: Flying the Failing Skies

Fuel costs go to town on airlines' bottom lines.

Airline stocks spurt on GoM approval for direct aviation turbine fuel imports

Airline stocks that were grounded by a pile of negative developments took to the skies today after news broke out about the Group of Ministers on Aviation (GoM) approving the proposal to allow direct import of aviation turbine fuel (ATF) by the airlines themselves.

Qantas chief slams pro-Australia laws

Qantas chief Alan Joyce on Monday warned the airline would be forced to slash services and expressed "grave fears" for its future if proposed laws strengthening its ties to Australia went ahead.

Fitch: European Airline Cuts Reflect Tough Demand, Cost Outlook

Fitch Ratings expects 2012 to be a year of significant retrenchment for the largest European network airlines, as a poor demand environment and persistent cost pressures threaten to drive operating losses higher.

Qantas sees 'major threat' from proposed law changes

SYDNEY: Qantas chief Alan Joyce yesterday warned the airline would be forced to slash services and expressed "grave fears" for its future if proposed laws strengthening its ties to Australia went ahead.

Video: New rules protect travelers from hidden airline fees

The government still owes taxpayers from the financial bailout, Federal Reserve Chairman Ben Bernanke says record low interest rates wont go up until 2014, and new airline fee rules start requiring carriers to disclose all taxes and fees in advertised prices. Ashely Morrison reports.