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With Eye On Rebound, United Looks For Alternative To Furloughs
Friday, May 29, 2020 - 4:29pm | 1285Read More...Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a...
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American Airlines To Apply For $12B In Coronavirus Government Assistance
Tuesday, March 31, 2020 - 8:19am | 492Read More...American Airlines Group Inc. (NASDAQ: AAL) will apply for government assistance as it suffers a drop in demand caused by the COVID-19 pandemic. What Happened The airline expects $12 billion of the total $50 billion in assistance allocated to airlines under the CARES Act. The act was passed by...
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American Airlines Trims International Capacity 75% Until May 6
Monday, March 16, 2020 - 11:07am | 696Read More...American Airlines Group Inc. (NASDAQ: AAL) is phasing in a suspension of additional long-haul international flights from the U.S. on Monday in response to lower passenger demand and government travel restrictions due to coronavirus. The idling of 135 wide-body jets will crimp air cargo capacity,...
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Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces
Tuesday, March 10, 2020 - 9:42am | 2547Read More...It looks like a little comeback attempt is brewing on hopes of government stimulus, but investors could be excused for not getting too excited yet. Last week, two monster rallies got snuffed out the very next day. There’s no guarantee of that happening again, but this is a skittish, nervous...
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Coronavirus Upends Airfreight Market, Puts Premium On Charter Rates
Tuesday, February 18, 2020 - 11:53am | 1458Read More...RThe coronavirus is playing havoc with the air cargo industry as airlines, logistics providers and cargo owners scramble to implement contingency plans for moving goods. With nearly all passenger aircraft removed from China service, experts are warning businesses to prepare for a significant spike...
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American Airlines Sees Steep Drop In Cargo Revenue, Volume
Thursday, January 23, 2020 - 4:11pm | 719Read More...Suffering the same cargo malaise as its competitors, American Airlines (NASDAQ: AAL), which saw its cargo revenue top $1 billion in 2018, retreated from that benchmark in 2019 and is forecasting further declines for early 2020. The airline's fourth-quarter 2019 cargo revenue fell 18.3% from the...
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American Airlines Delays Starting 737 MAX Service Until June
Tuesday, January 14, 2020 - 4:45pm | 640Read More...Once again an airline is moving back its scheduled reintroduction of the Boeing 737 MAX into regular service. On Tuesday, American Airlines announced it is canceling the troubled aircraft from its schedule until June 4, the same date United Airlines settled on more than three weeks ago for its...
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American Airlines Extends 737 MAX Cancellations Until April
Friday, December 13, 2019 - 9:56am | 817Read More...American Airlines (NASDAQ: AAL) said Thursday it is pushing back scheduling passengers on its Boeing Co (NYSE: BA) 737 MAX jetliners until April 7, adding further expense and capacity constraints to its system. The news comes one day after Federal Aviation Administration head Stephen Dickson...
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American, Southwest Postpone Return Of Boeing 737 MAX Service
Monday, November 11, 2019 - 11:46am | 409Read More...The Boeing Co.'s (NYSE: BA) troubled 737 MAX aircraft won't be back in regular operation at American Airlines (NYSE: AAL) or Southwest Airlines (NYSE: LUV) until March, the companies announced. American said in October it would return the jets to commercial service in January 2020. Southwest was...
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American Airlines Predicts Cash Buildup As Costly Fleet Renewal Subsides
Friday, November 1, 2019 - 3:49pm | 879Read More...American Airlines (NYSE: AAL) won't have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase free cash flow and returns to shareholders, according to company executives. Since 2013...
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American Airlines Beats Q3 Earnings Estimates Despite Operational, Cargo Difficulties
Thursday, October 24, 2019 - 1:30pm | 583Read More...Cargo business fell during a challenging third quarter for American Airlines (NASDAQ: AAL), which faced operational disruptions and higher costs from labor issues and the grounding of the Boeing 737 MAX. As previewed, the Dallas-based carrier reported Thursday that cargo revenue fell 20% to $208...
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American Airlines To Resume Boeing 737 MAX Service In January
Wednesday, October 9, 2019 - 5:03pm | 640Read More...American Airlines (NYSE: AAL) said it expects to begin phasing in the Boeing Co (NYSE: BA) 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. The Dallas-based airline said in a statement Oct. 9 that the Federal Aviation...
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Barron's Picks And Pans: Activision, AT&T, Boeing, Ford, Nike, Square And More
Saturday, September 7, 2019 - 3:04pm | 677Read More...This weekend's Barron's offers three cheap stock picks for impatient investors. Other featured articles discuss how to play the alternative meat, athleisure and mobile gaming themes. Also, the prospects for an aerospace giant, a beleaguered drugmaker a mobile payments company and more....
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American Airlines Settles $22.1 Million Fine For False Mail Delivery Reports
Wednesday, August 21, 2019 - 1:42pm | 340Read More...The U.S. Justice Department said American Airlines (NASDAQ: AAL) has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times it transferred U.S. mail to foreign postal services. The Fort Worth, Texas-based airline's failure to report accurate transfer...
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American Airlines Cancels 737 MAX Flights Through August 19
Monday, April 15, 2019 - 11:00am | 489Read More...According to reporter Shannon Stapleton of Reuters, American Airlines Group (NASDAQ: AAL) announced today (April 14) that it will cancel all of its flights using the Boeing Co (NYSE: BA) 737 MAX 8 aircraft through August 19 as the fleet remains grounded. The airline indicated that the...
