Vail Resorts is investing around $80 million dollars across Vail, Beaver Creek, Breckenridge, Keystone and Heavenly Resorts for the 2010-11 ski and snowboard season. Additionally, RockResorts is celebrating several new property openings.

Sabre Holdings has bought f:wz, a leading provider of flight planning solutions. This acquisition will enhance Sabre AirCentre Enterprise Operations suite of flight planning products and services.

Southwest Airlines said it is buying AirTran Airways in a $1.4 billion deal that is a combination of cash and Southwest common stock.

Amadeus IT Holding is reportedly seeking a buyer for its European online travel agency Opodo. According to Reuters, JPMorgan has been hired as an adviser and a deal could be announced before year-end.

U.S. network airlines’ profit margin in the second quarter of 2010 was the highest since the second quarter of 2007 and the combined profit margin for the network, low-cost and regional carrier groups was the highest since the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) began tracking this data in 2002.

Carnival Corp. & plc reported net income of $1.3 billion, or $1.62 diluted earnings per share, on revenues of $4.4 billion for its third quarter ended Aug. 31. Net income for the third quarter of 2009 was $1.1 billion, or $1.33 per share, on revenues of $4.1 billion.