Airlines are posting record profits, but consumers may see even higher prices

Delta reported record profits in the second quarter. (AP)

The ebullient earnings reports stood in stark contrast to the industry’s dire financial state in recent years.

Latest News

$8.5B store merger scrambles industry landscape

$8.5B store merger scrambles industry landscape

Dollar Tree will buy Family Dollar, creating a retail giant with 13,000 stores and $18 billion in sales.

Hilton to roll out a room reservation app across its brands

Hilton to roll out a room reservation app across its brands

Guests will eventually be able to use the app to unlock the door to their room.

GAO cites tax debt of DoD workers with security clearances

Employees and contractors owed $730 million in unpaid federal taxes as of June 2012, the report found.

The airlines are making millions, but there’s no relief in sight for consumers

With investors primed to reap the rewards of a newly buoyant airline industry, there is no sign that consumers would see any financial benefits.

DOJ joins whistleblower suit against Symantec

DOJ joins whistleblower suit against Symantec

Suit alleges firm overcharged the government by tens of millions; the company denies the allegations.

Obama’s State of the Union goals, six months later

Obama’s State of the Union goals, six months later

A look back at the economic agenda the president outlined on Jan. 28 and just how far we have(n’t) come.

Columnists

Michelle Singletary

Michelle Singletary

Want to reduce your health-care costs? Get moving.

Keeping physically fit helps you stay fiscally fit, too.

Barry Ritholtz

Barry Ritholtz

So you’re the world’s greatest trader? Taxes will fix that.

Traders pay a tax of 30 percent or more on short-term capital gains. Passive indexers come out ahead.

Thomas Heath

Thomas Heath

Dealmaker quits Carlyle and big future to chase a dream

Johnson charts a path from Anacostia to Carlyle, with stops at Princeton and Harvard, then walks away.

Market News

Worries about US consumers drag stocks lower

Worries about US consumers drag stocks lower

Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week.

Wonkblog

A third of consumers with credit files had debts in collections last year

A third of consumers with credit files had debts in collections last year

WONKBLOG | About 77 million Americans struggle with delinquent debt, according to a new report.

A Boston program aiding foreclosed homeowners could be a national model for fighting blight

The program enables borrowers who are in some stage of foreclosure to buy their homes, an arrangement that has been banned by the mortgage finance giants Fannie Mae and Freddie Mac.

Medicare isn’t going broke, but don’t celebrate just yet

Medicare isn’t going broke, but don’t celebrate just yet

The program’s fiscal health is improving. Just how long that can last is still anyone’s guess.

More from Wonkblog

On Leadership

At Market Basket, the saga continues

At Market Basket, the saga continues

ON LEADERSHIP | The grocery chain’s customers are getting more involved in a corporate standoff.

In an improving economy, is age discrimination getting better or worse?

In an improving economy, is age discrimination getting better or worse?

The answer, of course, is that it’s complicated.

American Apparel names a new board without Dov Charney

American Apparel names a new board without Dov Charney

Four new directors--including its first female director--will be added to the board of a company that has been engulfed in a highly public leadership battle.

More from On Leadership

The Switch

Switchboard: What it’s like to be a Comcast customer service rep

Switchboard: What it’s like to be a Comcast customer service rep

Your morning helping of hand-picked stories from The Switch team.

The FTC is expanding the war on bogus cell phone charges

The FTC is expanding the war on bogus cell phone charges

Up to 20 million people a year are affected by “mobile cramming,” according to a federal study. Now the FTC is laying out what wireless carriers should do to stop it.

Chinese regulators target Microsoft, possibly over antitrust concerns

Chinese regulators target Microsoft, possibly over antitrust concerns

U.S. technology firms and the Chinese government have had a rocky relationship in the past year. Microsoft, in particular, has faced several obstacles in China over the past year.

More from The Switch