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American Airlines plans to hire 18,000 people next year for travel rebound

An airline employee walks past empty American Airlines check-in terminals at Ronald Reagan Washington National Airport in Arlington, Virginia, on May 12, 2020. Andrew Caballero-Reynolds | Getty Images American Airlines is planning to hire 18,000 workers in 2022, on top of thousands of new employees this year to cater to a rebound in travel, CEO […]

By : ILIAS ELABDI Date : December 14, 2021 Category : Travel News & Insights Comments :
American Airlines trims 2022 international flights due to Boeing Dreamliner delay

American Airlines Boeing 787-8 Dreamliner aircraft. Nicolas Economou | NurPhoto | Getty Images American Airlines on Thursday said it will scale back its international flying next summer because of lengthy delivery delays of Boeing‘s 787 Dreamliners and that the manufacturer plans to compensate the carrier. Deliveries of Boeing’s wide-body Dreamliners to customers have been paused […]

By : ILIAS ELABDI Date : December 9, 2021 Category : Travel News & Insights Comments :
American Airlines CEO Doug Parker to retire, President Isom to take reins March 31

American Airlines CEO Doug Parker is stepping down after eight years at the helm and will be replaced by the carrier’s president, Robert Isom, on March 31, the company announced Tuesday. Parker is the second major airline CEO this year to announce his retirement, marking a changing of the guard among U.S. carriers. Southwest Airlines CEO Gary […]

By : ILIAS ELABDI Date : December 7, 2021 Category : Travel News & Insights Comments :
Why airlines like Southwest, Delta, United and American struggle for profit

Billionaire investor Warren Buffett once called himself an “air-o-holic” because of how tempted he is to invest in commercial airlines. But he learned the hard way, twice, that the industry can be a risky bet. Airline stocks have been on a wild ride since the beginning of the pandemic, which shows just how volatile the […]

By : ILIAS ELABDI Date : December 6, 2021 Category : Travel News & Insights Comments :
Cramer likes stocks tied to strong American consumer

CNBC’s Jim Cramer said Friday the recent market underperformance of non-tech stocks gives investors the chance to purchase names that do well when Americans spend their money. “What an opportunity to buy things that are being thrown away left and right,” Cramer said on “Squawk on the Street,” as Dow futures pointed to an over […]

By : ILIAS ELABDI Date : December 6, 2021 Category : Travel News & Insights Comments :
American, JetBlue seek dismissal of antitrust lawsuit tied to partnership

JetBlue Airways Corp. aircraft at Ronald Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Tuesday, May 25, 2021. Stefani Reynolds | Bloomberg | Getty Images American Airlines and JetBlue Airways on Monday asked a U.S. judge to dismiss a lawsuit that the Justice Department and six states filed over the carriers’ partnership in the […]

By : ILIAS ELABDI Date : December 6, 2021 Category : Travel News & Insights Comments :
Southwest (LUV) and American Airlines (AAL) 2Q 21 post profits

American Airlines and Southwest Airlines posted second-quarter profits Thursday, getting a lift from federal aid and a surge in travel demand. Fort Worth, Texas-based American reported net income of $19 million, snapping five consecutive quarters of losses, thanks in part to more than $1 billion in federal payroll support. Revenue for the three months ended […]

By : ILIAS ELABDI Date : July 23, 2021 Category : Travel News & Insights Comments :
American Airlines shares surge 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 […]

By : ILIAS ELABDI Date : July 15, 2021 Category : Travel News & Insights Comments :
American Airlines says July 4 weekend travel surged over last year

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 Fourth holiday weekend, almost three times as many as last year as customers continue to return to travel. The carrier operated more […]

By : ILIAS ELABDI Date : July 8, 2021 Category : Travel News & Insights Comments :
American Airlines cancels flights due to staffing, 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 […]

By : ILIAS ELABDI Date : June 21, 2021 Category : Travel News & Insights Comments :
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