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american airlines

Eric Kulisch Thursday, October 20, 2022

American Airlines cargo revenue retreats 16% in Q3

The air cargo market’s deceleration this year had a greater impact on third-quarter cargo revenues at American Airlines than its primary rivals, Delta and United Airlines. But the best revenue quarter in company history and a $483 million profit painted a positive financial picture that could be replicated in the final quarter thanks to resilient […]

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Eric Kulisch Friday, November 1, 2019

American Airlines predicts cash buildup as costly fleet renewal subsides

American Airlines [NYSE: AAL] won’t have to make any major fleet decisions for at least six years after completing a $30 billion, multiyear modernization program, positioning American to significantly increase free cash flow and returns to shareholders, according to company executives. Since 2013, the Dallas-based airline has replaced nearly 500 aircraft and now has about […]

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Eric Kulisch Thursday, October 24, 2019

American Airlines beats Q3 earnings estimates despite operational, cargo difficulties

Updated at 3:15 p.m. EST. Earnings call adds. Cargo business fell during a challenging third quarter for American Airlines [NASDAQ: AAL], which faced operational disruptions and higher costs from labor issues, weather and the grounding of the Boeing 737 MAX. As previewed, the Dallas-based carrier reported Thursday that cargo revenue fell 20% to $208 million […]

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Eric Kulisch Wednesday, October 9, 2019

American Airlines to resume Boeing 737 MAX service in January

American Airlines [NYSE: AAL]said it expects to begin phasing in the Boeing 737 MAX into service by mid-January, nearly nine months after aviation authorities grounded the plane for safety reasons. The Dallas-based airline said in a statement Oct. 9 that the Federal Aviation Administration will likely recertify the aircraft later this year and that it […]

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Eric Kulisch Tuesday, October 1, 2019

Labor protest to block some airfreight traffic at LAX Wednesday (with video)

Truck drivers trying to make deliveries to and from cargo warehouses at Los Angeles International Airport on Wednesday could experience delays from labor protests scheduled to occupy portions of surrounding roadways. The California local of the Service Employees International Union is organizing a demonstration to highlight how developers and big corporations are reaping financial benefits […]

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Eric Kulisch Thursday, September 26, 2019

Delta takes stake in LATAM Airlines

Delta Air Lines [NYSE: DAL] plans to take a 20 percent ownership of LATAM Airlines [NYSE: LTM] with a $1.9 billion investment in the Chilean-based airline that positions it to make inroads against American Airlines’ in Latin America. Both companies said late Thursday afternoon (Sept. 26) the new partnership would provide passengers greater global connectivity […]

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Eric Kulisch Sunday, September 8, 2019

Airlines to carefully meter 737 MAX back into fleets

The Boeing 737 MAX grounding has strained operations and finances this year at several North American airlines, but executives caution the jetliner needs to be reintroduced to fleets in a gradual, coordinated way once authorities certify it to fly so they have time to build passenger bookings and conduct their own tests. A controlled rollout […]

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