Articles by tag: American Airlines

American Airlines Sees Profit Above Estimates on Steady Demand

American Airlines airplane in terminal
(Bloomberg) -- American Airlines Group Inc. expects profit this year to exceed estimates following a slow start, as steady demand for air travel keeps an industry recovery going into Read more

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China Chip Controls manufacturing plant
Biden Nears Win as Japan, Dutch Back China Chip Controls
January 29, 2023

For more on the West’s race to implement China chip controls, read Bloomberg’s explainer on the computer chip “arms race.” (Bloomberg) — Japan and the Netherlands are poised to join the US in limiting China’s access to advanced semiconductor machinery, forging a powerful alliance that will undercut Beijing’s ambitions to build its own domestic […]

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NYSE Mayhem Traced to a Staffer Who Left a Backup System Running
January 28, 2023

(Bloomberg) — More than 700 miles from Wall Street, the New York Stock Exchange’s backup data center on Cermak Road in Chicago is supposed to safeguard US markets, standing by at all hours in case disaster ever strikes the world’s largest venue for trading shares. When markets are closed, it participates in a well-worn routine, […]

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California storms farmers
California Storms Have Farmers Rushing to Avoid Crop Shortfall
January 28, 2023

(Bloomberg) — California farmers are facing costly damages from weeks of severe California storms that may trigger more expensive US fruits and vegetables in a time of massive food inflation. “The numbers are going to be somewhere in the hundreds of millions and perhaps in the billions,” Dave Puglia, head of the trade group Western […]

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American Airlines Sees Profit Above Estimates on Steady Demand
January 26, 2023

(Bloomberg) — American Airlines Group Inc. expects profit this year to exceed estimates following a slow start, as steady demand for air travel keeps an industry recovery going into 2023. Full-year adjusted earnings will be $2.50 to $3.50 a share, the Fort Worth, Texas-based carrier said in a statement Thursday that also detailed fourth-quarter results. […]

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American Airlines Investment in ZeroAvia Further Validates Hydrogen Fuel Initiatives
August 27, 2022

American Airlines recently announced that it’s investing in the world’s leading hydrogen-electric engine developer, ZeroAvia, now the most prominent airline with a financial stake in the company. In addition to the investment, American will have the opportunity to order up to 100 engines from ZeroAvia’s hydrogen-electric powertrain development program. These engines are intended to power […]

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Challenges and Opportunities Faced By Airlines as Holiday Travel Nears
October 6, 2021

As the leaves start to change colors one would typically correlate that with the start of fall. As fall starts to begin that also means the holiday season is starting to begin which means holiday travel is set to take off yet again. Like other industries airlines are trying to recover from the COVID-19 […]

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How Will Airlines Keep Up The Momentum With an Uptick In Travel? 
August 4, 2021

“Really key in on that opportunity for the folks that have children to make it a really fun experience for the kids.” With the economy opening back up, things are looking good for airlines. In late July, American Airlines and Southwest Airlines posted their quarterly numbers, with both reporting profits, supported by a return of […]

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Are Airlines Next In Line for a Supply Shortage?
July 29, 2021

With supply chains around the world struggling under the weight of the past year, will airlines be next in line to feel the effects? MarketScale Say Yes to Travel host Sarah Dandashy weighed in. “American Airlines is telling pilots to conserve fuel. Now, this is really interesting for those that might not know. There is […]

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American and Virgin Place Orders for Flying Taxis
June 14, 2021

Vertical Aerospace Group, based in Bristol, England, won conditional orders for as many as 1,000 electric aircraft that could total $4 billion from buyers including American Airlines Group Inc. and Virgin Atlantic Airways.” Tune in below as Vertical Aerospace Group CEO Stephen Fitzpatrick breaks down the purchases and the opportunity for growth in the aerospace […]

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Will US Airlines Dropping Change Fees Get Customers Booking Again?
September 11, 2020

Few industries have been hit as hard by the global pandemic as the airline industry. Even as the U.S. State Department lifts its “Do not travel,” advisory, travel is merely trickling back. With business travelers still not booking, and perhaps never fully coming back, airlines turn to serve leisure travel customers. According to CNN Business, […]

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Airlines Look to Cut Flights to Small Cities if Federal Funding Expires: Business Casual
August 18, 2020

The air travel industry took an enormous hit as a result of the coronavirus pandemic. The government rushed to their aid with $50 billion dollars in March, and the airlines managed to continue service. But the air travel industry has hardly bounced back over the Summer, and the pandemic aid is fast approaching expiration on […]

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Blue Canary’s Dan Ryan Weighs In on Southwest’s Scaled-Back Cleaning Protocols: Business Casual
August 13, 2020

On this Business Casual segment, hosts Daniel Litwin and Tyler Kern sourced thoughts from Blue Canary Co-Founder Dan Ryan to highlight an industry leader’s perspective on Southwest Airlines’ recent decision to scale back COVID-19-related cleaning protocols between flights. Powered by RedCircle Blue Canary aims to provide the hospitality industry with access to hospital-grade hygienic standards […]

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