Royal Caribbean Cruises Ltd. (RCCL) reported net income of $399 million, or $1.82 per share, versus $350.2 million, or $1.61 per share, in 2010. Results include a $0.08 per share mark-to-market revaluation loss on the company's WTI fuel option portfolio. Absent the revaluation charge, third quarter earnings per share totaled $1.90.

Norwegian (NAS) reported third quarter 2011 operating results of 1 BNOK. This is the company's best ever quarterly results. The company’s overall cost is significantly reduced by 10 percent. Brand new aircraft have saved the company as much as 47 MNOK in fuel costs compared to the same quarter previous year.

AMR Corporation, parent of American Airlines, reported a net loss of $162 million in the third quarter, blaming the volatility of crude oil prices and foreign exchange rates. Because its fuel hedging was ineffective, American said it paid $653 million more for fuel in the third quarter of 2011 than it would have a year ago.

Jamaican tourism minister Edmund Bartlett has welcomed the UK government’s decision to reduce Air Passenger Duty (APD) on long-haul flights from Northern Ireland describing the decision as “heartening” and “a very positive sign".

The boards of LAN and TAM have decided to continue with their plans to merge after analyzing the resolution of the Tribunal de Defensa de la Libre Competencia, Chile’s antitrust court. They don’t expect the measures to have a significant impact on expected synergies or future strategic development.

GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, has signed a Memorandum of Understanding with the Argentinean airline, Aerolineas Argentinas, calling for the implementation of a codeshare agreement.