Tag: American Airlines Group Inc

United Airlines shares rise on upbeat outlook on demand despite delta variant

A United Airlines Boeing 737-800 and United Airlines A320 Airbus on seen approach to San Francisco International Airport, San Francisco. Louis Nastro | Reuters Shares of United Airlines gained more than 2% on Wednesday morning after the carrier forecast that the rebound in travel demand will continue in the coming months. United reported its sixth […]

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Stock futures are flat after major comeback on Wall Street, earnings continue

U.S. stock futures were steady in overnight trading on Tuesday after the major averages clawed back much of their losses from Monday’s sell-off. Dow futures rose 40 points. S&P 500 futures gained 0.15% and Nasdaq 100 futures rose 0.1%. Netflix reported disappointing third quarter subscriber guidance after the bell on Tuesday, but the stock was […]

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United Airlines narrows loss, plans to ramp up flying to meet strong travel demand

A United Airlines Boeing 737 Max 9 aircraft lands at San Francisco International Airport on March 13, 2019 in Burlingame, California. Justin Sullivan | Getty Images United Airlines on Tuesday reported higher second-quarter revenue and a narrower loss thanks to a resurgence in air travel, the latest carrier to issue a brightening outlook for one […]

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What does a mature streaming service look like? Netflix is about to show us

Netflix Inc. proved to the world that streaming video could be a big business. Now it will show the world what that business looks like when it hits maturity. Netflix’s growth stage hit warp speed during the COVID-19 pandemic, then fell off in the first quarter after nearly a year of staggering growth. When the […]

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American Airlines shares rise on carrier’s better second-quarter forecast

American Airlines flight takes off from Miami, Florida. Marco Bello | Reuters American Airlines shares rose after the carrier forecast better revenue and a narrower loss than previously estimated for the second quarter, the latest sign that airlines are recovering from the coronavirus pandemic’s toll on travel. The Fort Worth, Texas-based carrier said Tuesday that […]

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American Airlines says it flew three times as many passengers over July 4 weekend compared with 2020

An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida. Joe Raedle | Getty Images American Airlines said it flew 2.7 million people over the July 4 holiday weekend, almost three times as many as last year as customers continue to return to travel. The carrier operated more […]

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TSA screenings surpass 2019 levels in pandemic first as airlines, airports scramble to staff

Travelers wait in line at a Transportation Security Administration (TSA) screening checkpoint at Orlando International Airport in May, 2021. Paul Hennessy | SOPA Images | LightRocket | Getty Images The Transportation Security Administration said Friday that airport screenings have climbed above 2019 levels for the first time in the pandemic, signaling strong travel demand during […]

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Delta plans to hire more than 1,000 pilots by next summer as travel demand returns

Delta Air Lines told staff on Monday that it expects to hire more than 1,000 pilots by next summer, the latest move by an airline to cater to a rebound in travel demand. Delta in April said it would resume hiring midyear as bookings began to recover from the coronavirus pandemic slump, starting with about […]

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American Airlines cancels hundreds of flights due to staffing crunch, maintenance issues

American Airlines planes at LaGuardia Airport Leslie Josephs | CNBC American Airlines said it canceled hundreds of flights this weekend due to staffing shortages, maintenance and other issues, challenges facing the carrier as travel demand surges toward pre-pandemic levels. About 6% of the airline’s mainline schedule, or 180 flights, were canceled on Sunday, according to […]

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American Airlines trims some flights to relieve potential strain on operations

American Airlines Group Inc., which rapidly increased flying to meet a surge in travel demand, is trimming some flights to alleviate potential strains on its operations. The number of flights being culled is relatively small, amounting to about 1% of planned flying in the first half of July, the company said. But scrapping roughly 950 flights […]

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