The underlying fundamentals in the airline sector remain challenging. Against this backdrop, investors should focus on quality names such as Delta Air Lines, Inc., rather than those with higher operating and financial leverage like United Airlines Holdings Inc. and American Airlines Group Inc., according to BofA Securities. The Airlines Analyst Andrew Didora reiterated a Buy rating for…
Omicron Turbulence Looms Over US Airline Earnings
CHICAGO—U.S. airlines have come a long way since the spring of 2020 when COVID-19 brought the industry to its knees. Yet the pandemic will loom large when big carriers report quarterly earnings starting on Thursday. The latest wave of the health crisis, driven by the highly contagious Omicron coronavirus variant, has caused havoc for a…
American Airlines Launches Rights Issue Plan to Protect $16.5 Billion Tax Benefit
American Airlines Group Inc. said on Wednesday it was seeking shareholder approval for a rights offering plan to avert any hostile takeovers and preserve a $16.5 billion tax benefit, as the industry grapples with the Omicron coronavirus variant. The No. 1 U.S. airline said it had cumulative U.S. federal net operating loss carryforwards exceeding $16.5…
Airline Passengers Can Claim If Flight Brought Forward: EU Court
BRUSSELS—Passengers in Europe are entitled to compensation not only if their flights are delayed but also if they are brought forward by more than an hour, the European Union’s top court ruled on Tuesday. Under EU rules, passengers can claim damages if their flights are canceled less than 14 days before departure or arrive more…
Major Airline CEOs Say Aircraft ‘Safest Place You Can Be,’ Masks ‘Don’t Add Much’ to Cabin Environment
CEOs of some of the Unites States’ major airlines questioned Wednesday how much wearing masks onboard flights helps to limit exposure to COVID-19, noting that an aircraft is “the safest place you can be.” American Airlines CEO Doug Parker, Southwest Airlines CEO Gary Kelly, and United Airlines CEO Scott Kirby made the comments during a Senate Commerce hearing on…
Delta, United Not Revising South Africa Flights Amid Variant Concerns
November 27, 2021
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WASHINGTON—Delta Air Lines and United Airlines said on Friday they do not plan any changes to their South Africa-U.S. routes after the White House said it plans to impose new travel curbs on southern Africa starting Monday amid concerns about a new COVID-19 variant. Delta and United are the only U.S. passenger carriers that have…
Thanksgiving Air Travel to Rebound to 2019 Levels, TSA Says
WASHINGTON—The number of airline passengers traveling for Thanksgiving this year is expected to rebound to pre-coronavirus pandemic levels, but the Transportation Security Administration says it is ready to handle the surge. Administrator David Pekoske said Wednesday he expects agency staffing to be sufficient for what’s traditionally TSA’s busiest travel period. “We are prepared,” Pekoske told…
Qantas Flight Attendant Loses Unfair Dismissal Case Over Face Masks
Former Brisbane flight attendant Jessica Watson, who refused to wear a face mask while on the job, has lost her case for unfair dismissal against Qantas, according to local media. According to The Australian, the Fair Work Commission rejected Watson’s unfair dismissal claim, stating in a 27-page judgement that it was a “lawful and reasonable…
France Doesn’t Intend to Exit Air France-KLM Capital: APE Head
PARIS—France doesn’t intend to exit the capital of airline company Air France-KLM in the coming years, Martin Vial, head of the French state shareholding agency APE, said on Tuesday. Vial also told reporters that the French state could take part in any new operation involving Air France-KLM’s capital. France has a 28.60 percent stake in…
Musk Tweets He Is in Talks With Airlines to Install Starlink Broadband
Billionaire entrepreneur Elon Musk said in a tweet on Thursday he was in talks with airlines about installing Starlink, a satellite-based broadband service owned by his rocket company SpaceX. Musk, who is known for his Twitter banter, announcements, and lively interactions with followers, did not provide any details about the talks in his tweet. It…
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