American Airlines Group Inc. shares fell 7 percent on Friday as investors looked past the carrier’s upbeat revenue forecast and instead focused on its warning of a hit from higher fuel costs and staffing problems. A steady surge in fuel prices due to geopolitical tensions and a chronic labor shortage are threatening to upset a…
American Airlines Fuel Cost Warning Eclipses Upbeat Revenue Forecast, Shares Fall
Capitol Report (May 30): DOJ to Investigate Police Response; Honoring Those Who Made Greatest Sacrifice
May 30, 2022
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The nation’s biggest Memorial Day parade is back. Marching bands and veterans from each of the 50 states joined the parade. And President Joe Biden delivered his Memorial Day address at the Arlington National Cemetery. What’s his plea as he cites the very soul of our nation? Captain Sam Brown is a combat war veteran…
Air Travel Industry Urges US to End Pre-Departure COVID Tests
U.S. airlines are calling on the Biden administration to end pre-departure COVID-19 testing rules for international air passengers, as new figures reveal they significantly impact the likelihood of travelers from key European and Asian markets to visit the United States. The 16-month-old rule—which has already been dumped by Britain, Germany, Canada, and many other countries…
Emirates Says Its Boeing 787 Deliveries Delayed by at Least a Year
DUBAI—Emirates airline said on Wednesday deliveries of Boeing 787 Dreamliners it has ordered are delayed by at least a year until 2024 and that it could be even longer due to the U.S. plane maker’s continued delivery suspension over structural flaws. The Dubai-based carrier ordered 30 of the twin-aisle jets nearly three years ago as…
TUI Expects to Become Profitable in 2022 as Travel Demand Booms
FRANKFURT, Germany—Holiday group TUI said on Wednesday it expects to become profitable again in 2022 with significantly positive underlying core earnings thanks to strong bookings as countries lift pandemic-related travel restrictions. At the same time, it expects the recovery of the COVID-hit holiday sector to be lasting as oil and gas prices should eventually normalize,…
Global Airline Capacity Hits 2022 High as China Demand Rebounds: OAG
Global airline capacity has surged to its highest level in 2022 this week because of a rebound in Chinese domestic demand despite extended lockdowns in Asia’s biggest aviation market, travel data firm OAG said on Tuesday. Asian jet fuel refining margins, which have more than doubled in the past two months, were at $30.04 a…
Airlines Offering Refunds to Passengers Concerned About Flying With Unmasked Travellers
April 25, 2022
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Airline passengers who are concerned about flying alongside unmasked people will now be offered refunds, among other things, after a federal judge last week struck down the Centers for Disease Control and Prevention’s (CDC’s) mask mandate on public transport. United Airlines CEO Scott Kirby told the “TODAY” show on April 21 that the airline will be flexible with customers…
Major US Airlines to Allow Passengers Barred Over Mask Violations to Fly Again
Several major U.S. airlines announced plans this week to restore flight privileges to thousands of customers previously barred from flying commercial planes for breaking mask rules earlier in the COVID-19 pandemic. The flurry of activity comes just days after federal judge Kathryn Kimball Mizelle struck down the Centers for Disease Control and Prevention’s (CDC) rule…
American Airlines Forecasts Return to Profit as Bookings Rebound
CHICAGO—The American Airlines Group became the latest carrier on Thursday to offer an upbeat outlook on bookings, saying rebounding passenger numbers would help it back to profit in the current quarter. Shares in the United States’ biggest airline by seat capacity soared in pre-market trade, with the Texas-based carrier also saying that rising travel demand…
Major US Airlines Drop Mask Mandate For Travelers After Judge’s Ruling
April 18, 2022
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The Biden administration’s mask mandate will not be implemented while federal agencies review a Florida federal judge’s ruling that the directive was unlawful, an official said Monday as major U.S. airlines moved to drop the policy. “The agencies are reviewing the decision and assessing potential next steps. In the meantime, today’s court decision means CDC’s…
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