Low-cost airline Ryanair says it could make an annual loss this year. But as one of the world's top budget airlines, it's been harder hit than most. Stephen Beard reports why fuel has a big impact on its bottom line.
Southwest may be the only big U.S. carrier to have made any money in the first half of the year. And Dan Grech reports in stark contrast to its rivals, fuel costs are actually a big reason for its success.
European labor unions are angry with the Pentagon for tearing up a huge contract with plane maker Airbus. Stephen Beard reports the U.S. government broke the $35 billion deal so a Seattle company could bid.
The first direct flights between Taiwan and mainland China kicked off over the weekend, ending decades of plane-switching inconvenience. Bill Marcus reports the $500 round trip could be just the thing to jet-propel Taiwan's economy.
