David Koenig

December 28, 2009 | Daily Report Online

AP - New security restrictions swiftly implemented following a botched attempt to blow up an airliner on Christmas Day are making air travel more burdensome and could discourage some business fliers, key customers for the airlines.Passengers will likely face longer lines at checkpoints and less freedom to move around the airplane during flight.

By DAVID KOENIG

5 minute read

November 12, 2009 | Daily Report Online

DALLAS AP - The arrest of a United Airlines pilot this week for allegedly drinking too much before entering the cockpit is the latest in a series of incidents involving airline pilots and alcohol.The United pilot, Erwin Vermont Washington, was about to take off from London's Heathrow Airport for Chicago with 124 passengers on board.

By DAVID KOENIG

4 minute read

March 01, 2012 | Daily Report Online

Airfares are up and headed higher this summer.Airlines blame soaring fuel prices which could cost them billions more than last year. That means fares, which normally rise as the summer travel season nears, could increase faster than usual.Airlines have already pushed through two price increases this year, and it's only February, when leisure travel is slow.

By David Koenig

5 minute read

July 27, 2010 | Daily Report Online

Good times are finally back for the nation's airlines. For travelers, that means it's getting harder to find bargains.The summer travel season got off to a roaring start, fares are up, and money is rolling in from fees on things like checked baggage.The six biggest U.S. airlines earned about $1.3 billion in the second quarter, and more profits are expected for the rest of the year.

By DAVID KOENIG and JOSHUA FREED

4 minute read

May 03, 2010 | Daily Report Online

United Airlines has agreed to buy Continental in a $3 billion-plus deal that would create the world's largest carrier with a commanding position in several top U.S. cities.The new United would surpass Delta Air Lines in size, which should help it attract more high-fare business travelers. It will fly to 370 destinations in 59 countries.

By DAVID KOENIG and JOSHUA FREED

4 minute read

June 29, 2011 | Daily Report Online

Herb Kelleher dressed up as Elvis, wore a paper bag over his head on TV, bragged about drinking Wild Turkey and told bawdy stories. Between the legendary bouts of showmanship he found time to revolutionize the airline industry.Kelleher was there at the founding of Southwest Airlines Co., fighting the legal battles to get the airline started.

By David Koenig

10 minute read

July 02, 2008 | Daily Report Online

The computer screen on Scott Topping's desk at Southwest Airlines flickered with row after row of dates and numbers, but they had nothing to do with arrivals and departures.They tracked the price of oil futures for the next several months, and they told a grim tale: No letup in sight from record prices for jet fuel."We're on a one-way street right now," Topping said as he hunched over the screen, shaking his head.

By DAVID KOENIG

6 minute read

October 09, 2007 | Daily Report Online

AMERICAN AIRLINES, profitable again after racking up $8 billion in losses since 2001, faces a three-front battle to limit labor costs that are among the highest in the industry.The three unions representing American's employees want to make up for double-digit wage and benefit cuts back in 2003, when the company was on the brink of bankruptcy.

By David Koenig

6 minute read

August 18, 2004 | Law.com

The U.S. Equal Employment Opportunity Commission sued Omni Hotels Corp. on Monday, charging that it fired a hotel manager because he was Arabic and Muslim and had opposed job practices he considered illegal. The agency said the company began discriminating against Mohamed Elmougy, who managed the chain's Omni Mandalay Hotel in Texas, in early 2001 and retaliated against him after he objected to orders to put Hispanic restaurant waiters in less-public jobs.

By David Koenig

2 minute read

September 04, 2007 | Law.com

Private equity firm Lone Star Fund V wants to pay a lower price for mortgage company Accredited Home Lenders Holding, the latest in a string of buyouts that are in trouble or being renegotiated. Lone Star had agreed in June to pay $15.10 per share, or $400 million, but late Thursday it told Accredited that it wanted to pay $8.50 per share. In exchange, the mortgage lender could seek other buyers. Accredited has sued Lone Star in a Delaware court to try to force the equity firm to close the deal.

By David Koenig

3 minute read