americanairlines
New York (AFP) - American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast. The big US airline lost $312 million in the first quarter even as revenues rose 3.1 percent to $12.6 billion. Executives pointed to a recovery in business travel as a positive sign. But operating expenses jumped 6.9 percent. Categories with significant increases included salaries, wages and benefits; and maintenance, materials and repairs. Labor has been tight throughout the US aviation industry, leading to broad-based ...
AFP
New York (AFP) - American Airlines reported blowout second-quarter earnings on Thursday on strong demand and lower jet fuel prices, but shares still tumbled on disappointment with the company's outlook. While the big US carrier lifted its full-year projections, Wall Street analysts said the fine print in the forecast suggested a greater ebbing of pricing strength compared with competitors. The results follow robust reports last week from Delta Air Lines and on Wednesday from United Airlines, with the latter elaborating Thursday on its response to weather-related disruptions late last month at ...
AFP
New York (AFP) - JetBlue said Wednesday it will wind down an alliance with American Airlines rather than challenge a US court ruling that determined the joint venture was anti-competitive. While JetBlue held a "deep conviction" that the Northeast Alliance (NEA) with American enhanced the offerings to customers at New York and Boston airports, the carrier "has made the difficult decision not to appeal the court's determination," JetBlue said in a statement. The company has "instead initiated the termination of the NEA, beginning a wind down process that will take place over the coming months," ...
AFP
New York (AFP) - American Airlines reported a profitable first quarter Thursday and said persistently robust travel demand would translate to even stronger results in the current period. "Demand for American's product remains strong," the company said in a press release. "Domestic and short-haul international revenue continue to perform well and the airline has seen noticeable strength in long-haul international demand and yield performance this year." Profits were $10 million, compared with a loss of $1.6 billion in the year-ago period. Revenues were $12.2 billion, up 37 percent. American pro...
AFP
New York (AFP) - American Airlines reported a strong third quarter Thursday, capitalizing on robust demand for travel that the company sees persisting as Covid-19 worries recede. Echoing commentary from rivals such as United Airlines and Delta Air Lines, American scored a 13 percent jump in revenues compared with the 2019 period on lofty ticket prices, despite flying around 10 percent less capacity. "Demand remains strong, and it's clear that customers in the US and other parts of the world continue to value air travel and the ability to reconnect post-pandemic," said American Chief Executive ...
AFP
New York (AFP) - Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to restore capacity back to pre-pandemic levels face manpower and cost challenges. For the first time in the Covid-19 era, both American Airlines and United Airlines reported profitable quarters without the benefit of government support programs. Delta Air Lines also was profitable in the second quarter, but had previously reached this milestone in the third quarter of 2021. So-called "pent-up demand" for flying has led to brisk ticket sales despite high prices. American's revenues...
AFP
New York (AFP) - American Airlines reported a profitable second quarter Thursday as the ebbing of the Covid-19 pandemic resulted in record revenues despite the hit from higher fuel costs. The big US carrier said its first profitable quarter since the start of the pandemic was due to operations rather than government support programs. Profits were $476 million compared with just $19 million in the year-ago period. Revenues jumped about 80 percent to $13.4 billion, the most in the company's history. Jet fuel costs were more than double the level from the 2021 period. Pricey tickets have fueled...
AFP
New York (AFP) - Citing delivery delays of a top-selling Boeing jet, American Airlines said Thursday it was scaling back its international flight schedule for 2022. The major US carrier is still waiting for the new Boeing 787 Dreamliners it ordered and will not resume flying routes in the summer of 2022 as previously planned, including to Edinburgh, Scotland and Shannon, Ireland, according to a securities filing. "This weekend we will load our summer 2022 long-haul schedule, but it will not have the growth we initially expected," American Airlines Chief Revenue Officer Vasu Raja said in a let...
AFP
New York (AFP) - American Airlines on Monday urged its pilots to do everything possible to save fuel, warning that a supply crunch in the United States is challenging company operations. "Use all available fuel savings strategies when possible," Managing Director of Flight Operations John Dudley said in a memo to pilots. "Every gallon of jet fuel saved is helpful." Airline industry officials said the problem stemmed from lower pipeline supplies of jet fuel, which ceded pipeline capacity to gasoline, diesel and other fuels during the pandemic when airline travel slowed to trickle. Other factors...
AFP
New York (AFP) - American Airlines on Monday urged its pilots to do everything possible to save fuel, warning that a supply crunch in the United States is challenging company operations. "Use all available fuel savings strategies when possible," Managing Director of Flight Operations John Dudley said in a memo to pilots. "Every gallon of jet fuel saved is helpful." Factors behind the supply crunch include shortages of the fuel itself as well as trucks to transport it and drivers, Dudley said. "These challenges are not only impacting airports and airlines but also the efforts to fight the large...
AFP
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