Daily Roundup--February 20, 2012

Lots of airline news:

—Air Australia ran out of money last week and grounded its entire fleet. It stranded about 4,000 passengers.

—Qantas’ profits took a nosedive and the airline announced another 500 job cuts.

—Kingfisher has canceled a number of flights due to financial problems. The Indian government isn’t happy and said they won’t bail out the company.

—Lufthansa has had to cancel numerous flights due to an ongoing strike at Frankfurt airport. Other airlines are also affected but none as bad as Lufthansa. The strike will continue into Tuesday.

—Continental Airlines flight’s may disappear in about two weeks. No, not the flights themselves but the name. Continental and United Airlines merged in 2010 and now  all flights will be listed as United’s. No exact date has been given for the change.