Trump Signals Support for More Airline Aid
"We’ll be helping the airlines, you have to help the airlines,” the president says as carriers warn of layoffs.
American Airlines to Suspend Flights to 15 U.S. Cities
The service cuts will take place once the terms of federal aid requiring the flights expires.
Airlines Accept Terms for Virus Relief Grants
In exchange for accepting the funds, carriers have agreed to prohibitions on stock buybacks and layoffs, and limits on executive pay.
Airlines Meet Deadline for Payroll Grant Program
The $25 billion program is aimed at helping U.S. carriers weather the drastic drop in demand caused by the coronavirus crisis.
Could Warren Buffett Bailout The Airlines?
At the moment, Buffett and Berkshire Hathaway are losing money quickly on the airlines
Airlines Continue to Struggle with Boeing 737 Max Groundings
Southwest Airlines and American Airlines are warning of the increasing financial toll due to the groundings as thousands of monthly flights are cancelled.
American Airlines Profit Falls on Higher Costs
Labor and fuel expenses weighed on the Q4 bottom line but American posted a 5.5% gain in revenue per available seat mile.
American Weathers Storms With Revenue Gain
The airline's unit revenue increased 1.1% in the third quarter even though the the recent hurricanes forced the cancellation of 8,000 flights.
American Airlines CEO ‘Puzzled’ by Qatar Investment
Doug Parker said the ‘full court press’ against illegal subsidies to Qatar would continue
Airline Stocks Rise on Unit Revenue Guidance
Both American and United Airlines boost their expectations for fourth-quarter unit revenue, sending their shares up more than 3%.
Brexit Vote Hits U.S. Cos. Hard, But Differently
Media companies get slammed, while airlines foresee lower traffic from Britain.