US02376R1023 - Common Stock - After market: 16.98 +0.02 (+0.12%)
President Joe Biden on Tuesday harshly criticized U.S. airlines saying they were charging families unfair fees and vowing to implement new consumer protections. "We’ll prohibit airlines from charging $50 round trip for families just to be able sit together," Biden said at his State of the Union address. "Baggage fees are bad enough – airlines can’t treat your child like a piece of baggage."
Major U.S. airlines experienced pent-up travel demand last year following significant losses due to COVID-led travel restrictions. However, sta...
High customer demand and strong industry pricing power are fueling big gains for shares of airlines, hotels and cruise lines.
U.S. airlines are pushing back against proposals floating around Washington D.C
A group representing major U.S. airlines on Wednesday blasted White House proposals on competition in the industry as "short-sighted" and said they would "drive-up costs and reduce choices" for consumers. The White House said on Wednesday the Transportation Department (USDOT) will propose new regulations to bar airlines from charging family members to sit near young children after DOT in 2021 proposed requiring airlines to refund fees for delayed bags. "The federal government should be focused on 21st century policies and procedures that drive our nation’s aviation system forward, rather than making efforts that threaten to reduce access and affordability for consumers," said Airlines for America (A4A), a group representing Delta Air Lines, United Airlines, American Airlines, Southwest Airlines and others.
Airlines have canceled hundreds of flights in Texas due to bad winter weather.
More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co. The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc has canceled 6%, or 200 flights. The fresh cancellations come as the U.S. aviation sector recovers from a nationwide ground stop imposed by the Federal Aviation Administration (FAA) over a computer issue.
Southwest Airlines Co. and American Airlines Group Inc. have canceled more than 1,500 flights early this week as a winter storm brings freezing temperatures, sleet and possible ice accumulation to the Dallas-Fort Worth area.
A long-haul Emirates flight turned back mid-flight because of flooding in Auckland. American Airlines passengers also endured a similar situation.
Stocks reacted well to uneven earnings and economic reports.
The industry is changing, and that may be a long-term opportunity for investors.
The carriers beat earnings estimates as air travel demand remained strong.
Persistent demand for flights during the holiday travel season drove the airline’s revenue above prepandemic levels.
The carrier beat earnings estimates as air travel demand remained strong.
American Airlines (AAL) shares rose sharply on Thursday after the airline exceeded earnings expectations and forecast strong profits for 2023.
American Airlines on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel.
The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession. Industry executives have said that they don't see any signs of slowing demand in the face of a potential slowdown.
American Airlines Group Inc. expects profit this year to exceed estimates as the industry recovery stretches into 2023, buoyed by steady demand from leisure passengers and a rise in mixed work-personal trips.
American Airlines on Thursday forecast sharply higher profit for the full year and beat estimates for quarterly earnings on buoyant demand for air travel. The carrier expects an adjusted profit of $2.50 and $3.50 per share for 2023, up from 50 cents per share a year earlier. Major airlines are trying to cash in on a travel boom since the pandemic eased its grip on the world, making the industry one of the few bright spots against the backdrop of runaway inflation, rising interest rates and a looming recession.
As it heads into its first quarter of 2023, the airline carrier expects capacity to be 8% to 10% higher than the first quarter of 2022.
American Airlines press release (AAL): Q4 Non-GAAP EPS of $1.17 beats by $0.10.Revenue of $13.19B (+39.9% Y/Y) in-line.Shares +1.41% PM.Based on demand trends and the current fuel...
FORT WORTH, Texas, Jan. 26, 2023 (GLOBE NEWSWIRE) -- American Airlines Group Inc. (NASDAQ: AAL) today reported its fourth-quarter and full-year 2022...