AMR obtains $2.9 billion, including sale of $1 billion in frequent flyer miles

October 7th, 2009 Southwest September traffic risesDALLAS — Southwest Airlines Co. said Wednesday its September traffic rose 8.8 percent, as the airline cut capacity but filled a greater percentage of its seats.

October 1st, 2009 Cemex completes $1.7B sale of Australian assetsNEW YORK — Building materials giant Cemex SAB de CV said Thursday it completed the sale of its Australian operations to Holcim Group for proceeds of about $1.7 billion. The company said it plans to use the proceeds to pay off debt and strengthen its liquidity position.

September 21st, 2009 AMR plans to sell 30M shares, issue $250M in debtDALLAS — The parent of American Airlines plans to issue new stock and debt in a move to raise more than $500 million as it heads into the slower fall and winter travel season. AMR Corp. said Monday it would issue up to 34.5 million shares and sell up to $287.5 million in senior notes that can be converted to stock.

September 17th, 2009 American Airlines parent gets $2.9B, shifts routesATLANTA — American Airlines' parent company said Thursday it is taking on significant new debt at a time when revenues are being hammered, but the $2.9 billion in cash and fresh financing it raised should quiet concerns — for now — that it is in danger of a cash crunch and a bankruptcy filing. Passengers will see big changes from the nation's second-largest airline, including increased flying in Chicago, New York, Los Angeles, Dallas-Fort Worth and Miami, but fewer flights in Raleigh/Durham, N.C.

September 14th, 2009 SINGAPORE - Singapore Airlines (SIA) said on Monday that it has expanded its partnership with Air India with a new bilateral frequent flyer program. Under the agreement, frequent flyer program members of both airlines are able to earn and redeem miles on flights operated by either carrier.

September 2nd, 2009 Airline to impose first checked bag feeHONOLULU — Hawaiian Airlines says it will join its competitors in charging a fee for the first checked bag on interisland flights. Hawaiian announced Wednesday that the $10 fee will go into effect Sept.

September 2nd, 2009 American Airlines offers frequent flier promotionsFORT WORTH, Texas — American Airlines, a unit of AMR Corp., said Wednesday it is offering promotions to its frequent flyers geared toward helping make them eligible for elite status and extra rewards. The airline said customers would be able to earn twice the elite status qualifying miles when they fly on American Airlines, American Eagle, and AmericanConnection between Sept.

August 1st, 2009 NEW DELHI - Realty major Unitech Ltd's first quarter profit fell 63 percent from Rs.4.23 billion to Rs.1.58 billion due to the sluggish demand for housing. Net income fell to Rs.1.58 billion ($33 million) for the quarter ended June 30, from Rs.4.23 billion, the developer said in a statement.

July 17th, 2009 NEW YORK - The sale of its controlling stake in a brokerage helped Citigroup Friday to surprise analysts and announce $4.3 billion of net income in the second quarter of 2009, after six quarters of falling ever further into the red. However, the fact that the entire uptick into positive numbers was due to its decision to merge the Smith Barney brokerage into a joint venture to be controlled by Morgan Stanley, created questions as to whether the company could continue to earn profits in the near term.

July 9th, 2009 NEW DELHI - Amid efforts by the government to revive the cash-strapped Air India, the country's official auditor has reported major operational irregularities, especially in the frequent-flyer scheme. The Comptroller and Auditor General has also said the frequent flier scheme has deficient information security controls because of which confidentiality, integrity and availability of information could be compromised.

June 16th, 2009 HELSINKI - Finnair has become the first airline in the Nordic countries to open an internet shop, shifting Finnair Plus members' opportunities to use their frequent-flyer points into a new era, the airline said Tuesday. From the Finnair Plus Shop, members can buy products with Plus points alone, with cash, or with a combination of both.

May 9th, 2009 News Corp. 3Q net profit up 1 percentLOS ANGELES — Media conglomerate News Corp. says its third-quarter profit grew 1 percent to $2.72 billion.

May 8th, 2009 AB-InBev to raise $1.8 bn from South Korea saleBRUSSELS — Brewer Anheuser Busch-InBev said Thursday it will raise $1.8 billion by selling South Korea's Oriental Brewery, the country's second largest, to private equity group Kohlberg Kravis Roberts & Co. LP. to cut down on its huge debt burden.

May 8th, 2009 AB-InBev to raise $1.8 billion from S. Korea saleBRUSSELS — Brewer Anheuser Busch-InBev said Thursday it will raise $1.8 billion by selling South Korea's Oriental Brewery, the country's second largest, to private equity group Kohlberg Kravis Roberts & Co.

April 23rd, 2009 NEW DELHI - In the first promotion of its kind in the online travel space in the country, TripAdvisor has partnered with Jet Airways to offer JPMiles to users for contributing hotel reviews on www.tripadvisor.in. The promotion enables members of JetPrivilege, the frequent flyer program of Jet Airways, to get up to 1000 JPMiles by writing hotel reviews on tripadvisor.in and therefore, that much closer to availing of free flights on Jet.