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☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Stocks making the biggest moves premarket: Meta Platforms, Honeywell, Merck, Southwest Airlines and more
▼ + stars: | 2024-04-25 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, first-quarter earnings and revenue both came above analysts' estimates. Honeywell — The industrial stock rose 2.2% in premarket trading after the company posted earnings per share of $2.25, beating LSEG analysts' estimates of $2.17. Revenue for the quarter came in at $9.11 billion, compared to the $9.03 billion analysts were expecting. Analysts surveyed by LSEG forecast $1.88 in earnings per share and $15.20 billion in revenue. ServiceNow — The workflow management company shed 4% after narrowly beating analysts' revenue expectations in the first quarter.

Persons: Merck, LSEG, ServiceNow, —, Macheel, Samantha Subin, Jesse Pound, Pia Singh, Alex Harring Organizations: Facebook, Honeywell, Merck, Southwest Airlines, American Airlines, LSEG, StreetAccount, IBM, Caterpillar, Deutsche Bank — U.S, Deutsche Bank, Comcast, Technology, Revenue, CNBC Locations: NBCUniversal

☆ Airline executives predict a record summer and even more demand for first class
▼ + stars: | 2024-04-17 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

While the aviation industry has been in the spotlight lately for a host of safety issues, airline executives say there is no sign of slowing demand for flights. United Airlines "as an airline and as an industry" will carry record numbers of travelers this summer, the carrier's Chief Commercial Officer Andrew Nocella said on an earnings call Wednesday. "Demand continues to be strong, and we see a record spring and summer travel season with our 11 highest sales days in our history all occurring this calendar year," Delta Air Lines CEO Ed Bastian said on his company's call a week earlier. Customers appear willing to pay up for first class and other cabins above standard coach, executives said. Some of those carriers have struggled in recent months because of higher capacity, limited airplane availability and higher costs.

Persons: Andrew Nocella, Ed Bastian, Nocella Organizations: United Airlines, Air, American Airlines, Southwest Airlines, Boeing, Federal Aviation Administration, . Airlines Locations: Delta, United

☆ Airspace closures throughout the Middle East ground, divert flights as Iran launches drone attack on Israel
▼ + stars: | 2024-04-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

El Al plane is seen at the Ben Gurion International Airport in Tel Aviv on December 31, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)Airspace closures through the Middle East grounded and diverted flights on Saturday as Iran launched drones toward Israel. United Airlines , which resumed service to Tel Aviv early last month after suspending Israel flights after the Hamas attacks in October, called off its Newark to Tel Aviv flight on Saturday after Israel closed its airspace. American Airlines has not resumed Israel service. Flight-tracking site Flightradar24 said multiple flights bound for Tel Aviv and Amman had diverted on Saturday.

Persons: Jakub Porzycki, Delta, Flightradar24 Organizations: El, Ben Gurion International, Getty, United Airlines, Israel, American Airlines, Washington Dulles International Locations: Tel Aviv, Iran, Israel, United, Newark, Jordan, Iraq, Jordanian, Amman

☆ Meme stocks are back as Trump Media and Reddit surge upon their debuts
▼ + stars: | 2024-03-28 | by ( Bob Pisani | ) www.cnbc.com time to read: +6 min

What do Reddit , Trump Media & Technology Group and GameStop all have in common? Trump Media made its market debut on Tuesday under the ticker DJT, following its merger with shell company Digital World Acquisition Corp. Reddit, which is not in the S & P 500, also has a market cap of about $9 billion Market capitalization Trump Media & Technology $9.4 b. Reddit $9.2 b. Caesars Entertainment $9.4 b. American Airlines $10 b. Mosaic $10.3 b. This is rather remarkable, considering Trump Media had revenues of roughly $3.3 million. What meme stocks have in common What Trump Media, GameStop and Reddit have in common is a high retail base.

Persons: Reddit, Michael Pachter, Pachter, Arch Crawford Organizations: Trump Media & Technology Group, GameStop, Trump Media, Corp, Caesars Entertainment, American Airlines and, Technology, American Airlines, The New York Times, Trump Media & Technology, JPMorgan, East India Company, Microsoft Locations: Moluccas, Indonesia

☆ Stocks making the biggest moves midday: Southwest, Oracle, 3M, New York Community Bancorp and more
▼ + stars: | 2024-03-12 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Oracle — The database software stock surged 11% and headed for its best day since December 2021 after posting fiscal third-quarter earnings that topped Wall Street's expectations. Asana — The stock shed about 11% after the work management platform issued weak full-year revenue guidance. Asana said to expect revenue between $716 million and $722 million, less than the forecast of $725 million estimated by analysts polled by LSEG. American is expecting an adjusted loss of 15 cents to 35 cents per share, versus a 22 cent loss expected from analysts polled by FactSet. On lost 0.05 Swiss franc per share, while analysts polled by StreetAccount expected On to earn 0.10.

Persons: Oracle, William Brown, Asana, Microstrategy, Canaccord, TD Cowen, Dan Loeb's, StreetAccount, Archer, Daniels, Samantha Subin, Lisa Han, Alex Harring, Sarah Min Organizations: Southwest Airlines —, Boeing, Southwest, Oracle, L3Harris Technologies, LSEG, Wall Street, Boeing —, New York Times, Max, Alaska Airlines, Acadia Pharmaceuticals, American Airlines —, FactSet, Management, Advance, Swiss, Revenue, Daniels, Midland, Daniels Midland, . New York Community Bancorp Locations: .

☆ Stocks making the biggest moves midday: Macy's, Super Micro Computer, Lyft, DoorDash and more
▼ + stars: | 2024-03-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Super Micro Computer , Deckers Outdoor — The technology firm and athletic footwear designer respectively popped 27% and nearly 3% after S & P Dow Jones Indices announced Friday that the two stocks would be added to the S & P 500 on March 18. Super Micro Computer and Deckers Outdoor will replace Zions Bancorpation and Whirlpool , which will move to the S & P MidCap 400 Index. Macy's — Shares skyrocketed 16% after Arkhouse Management said it and Brigade Capital Management have raised their offer for the department store . DoorDash — Shares jumped more than 5% after RBC upgraded the food delivery company to outperform from sector perform. Lyft — The ride-sharing platform added 6% after RBC upgraded the stock to an outperform rating from sector perform.

Persons: Dow, Zions, —, Lyft, Morgan Stanley, Li, Piper Sandler, Ford, CNBC's Michelle Fox, Alexander Harring, Hakyung Kim, Tanaya Macheel, Yun Li, Jesse Pound, Samantha Subin Organizations: Micro Computer, Dow Jones, Whirlpool, Arkhouse Management, Brigade Capital Management, Apple, European, Miners, Marathon Digital, Cipher Mining, Iris Energy, RBC, Kyverna Therapeutics, Wells, JPMorgan, Ferrari —, Citi, Li Auto, Dutch Bros, American Airlines —, Max Locations: Wells Fargo

☆ Why airlines are raising baggage fees — and charging you more at the airport
▼ + stars: | 2024-02-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +4 min

United Airlines , American Airlines and JetBlue Airways are among the carriers that have raised the price to check bags this year. Earlier this week, American Airlines raised its checked bag fees for the first time in more than five years and adopted the two-tiered strategy that United, JetBlue and several budget airlines already have. American Airlines previously charged $30 for either service. Why are airlines raising baggage fees? Airlines have argued that higher costs such as labor and fuel, their biggest expenses, mean they had to raise bag fees.

Persons: Scott Olson, Barry Biffle, Biffle Organizations: O'Hare International, Getty, Getty Images Airlines, United Airlines, American Airlines, JetBlue Airways, United, JetBlue, CNBC, Frontier, Transportation, Airlines Locations: Chicago, North America

Investors can still find discounts even as stocks climb to fresh all-time highs . Both the S & P 500 and the Dow Jones Industrial Average reach new records on Friday, surpassing previous highs notched just a day earlier. The stock has about 12% over the past month and nearly 11% from the start of the year. American Airlines stock currently trades at a forward price-to-earnings (P/E) multiple of 5.8 overall, slightly lower than the industry average. AAL YTD mountain American Airlines stock.

Persons: Stephen Trent Organizations: Dow Jones, Nvidia, CNBC, Airlines, American Airlines, FactSet, Citi, Exxon Mobil, Wall, Exxon, Resources, General Motors, CVS Health

☆ American announced one of the first routes for its new Flagship business seats deploying on Boeing 787-9s this year. It will also be its new longest flight.
▼ + stars: | 2024-02-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Notably, however, American said the flight will be operated by its upcoming Boeing 787-9 Dreamliner aircraft equipped with the carrier's brand new Flagship Suite seats. AdvertisementBrisbane is so far the only route revealed to be using the new seats, American confirmed to BI. The Flagship Suite product, which was first announced in September 2022, is a redesigned version of America's "standard" business class and premium economy seats. American's new Flagship Suite on its 787 Dreamliner. American did not specify to BI if Brisbane will be the inaugural route for the new Flagship Suite seats.

Persons: Thomas, Brian Znotins Organizations: Airlines, Brisbane Airport, Fort Worth International, Boeing, BI, Airbus, American Airlines, Galeão International, DFW, Turks, Virgin Islands, Cayman, Texas, Oneworld, Australian, Qantas, Melbourne . American Airlines Locations: Texas, Australia, Dallas, DFW, American, Brisbane, Los Angeles, Sydney, Veracruz, Mexico, Rio de Janeiro, Providenciales, Caicos, St, Virgin, Maui, Hawaii, Kona, Auckland, Zealand, New Zealand, Melbourne, United States

☆ Stocks making the biggest moves premarket: Dollar Tree, American Airlines, ZoomInfo Technologies and more
▼ + stars: | 2024-01-29 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

American Airlines — The airline stock added 1.5% following an upgrade to buy from neutral at Citi. "North America's network carriers' diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning in this post-pandemic environment," wrote analyst Stephen Trent. Builders FirstSource — The building materials manufacturer edged 2% higher following an upgrade to buy from neutral at Bank of America. ZoomInfo Technologies — The software stock popped 5.5% after Bank of America analyst Koji Ikeda upgraded it to buy from neutral. "We believe it is a classic self-help story that is set to outperform," the analyst wrote, underscoring the company's revenue growth reacceleration and new AI products as potential catalysts.

Persons: Stephen Trent, Flywire, Morgan Stanley, Omar Nokta, Hershey, Wells, Steven Cahall, —, Cowen, Rafe Jadrosich, Julien Dumoulin, Smith, FactSet, Koji Ikeda, McGrath RentCorp — McGrath RentCorp, CNBC's Michelle Fox, Alexander Harring, Sarah Min, Jesse Pound Organizations: JPMorgan, American Airlines —, Citi, Zim Integrated Shipping Services —, Jefferies, Warner Bros, Bank of America, Bloom Energy, Koninklijke Philips —, Food and Drug Administration, Technologies, WillScot Mobile Locations: Albemarle, Netherlands

☆ Alaska Airlines expects a $150 million hit due to the grounding of its Boeing planes
▼ + stars: | 2024-01-25 | by ( Associated Press | ) www.businessinsider.com time to read: +4 min

Read previewAlaska Airlines said Thursday that the grounding of its Boeing 737 Max 9 jetliners will reduce full-year profit by $150 million and slow down the airline's planned growth. Separately on Thursday, Southwest Airlines said that it will receive six fewer new planes than it expected this year because of ongoing production problems at Boeing. American Airlines CEO Robert Isom chimed in on Thursday, calling Boeing's safety issues "unacceptable." AdvertisementAnalysts expected American Airlines Group Inc. to earn 11 cents per share, according to a FactSet survey. Alaska's $2 million loss compared with a $22 million profit a year earlier.

Persons: —, Max, Robert Isom chimed Organizations: Service, Alaska Airlines, Boeing, Max, Business, United Airlines —, Southwest Airlines, Southwest, American, American Airlines Group Inc, Revenue, Southwest Airlines Co, Dallas, Alaska Air Group Inc Locations: Alaska, Oregon, Seattle, United, Fort Worth , Texas

☆ Stocks making the biggest moves midday: Tesla, American Airlines, Boeing, Humana and more
▼ + stars: | 2024-01-25 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

American Airlines posted adjusted earnings of 29 cents per share on $13.06 billion in revenue. Adjusted earnings per share came in at $3.87 for the fourth quarter, topping the $3.78 expected from analysts polled by LSEG. ResMed's adjusted earnings were $1.88 per share for its fiscal second quarter, compared to the $1.77 per share expected from analysts polled by StreetAccount. Adjusted earnings in the fiscal second quarter were $7.52 per share, versus the $7.12 per share consensus estimate, per LSEG. United Rentals' adjusted earnings per share, revenue and adjusted earnings before interest, taxes, depreciation, and amortization all topped consensus estimates, per FactSet.

Persons: Tesla, Max, Northrop Grumman, — CNBC's Hakyung Kim, Samantha Subin, Tanaya Macheel, Sarah Min Organizations: American Airlines –, American Airlines, LSEG, IBM —, postmarket, Revenue, Boeing —, Bank of America, Boeing, Alaska Airlines, Federal Aviation, StreetAccount . Revenue, Humana, Comcast —, Comcast, LSEG . Revenue, Northrop, U.S . Air Force's, Nokia —, Nokia, United Rentals, Avis Budget, Avis Budget Group, Deutsche Bank, CNBC Locations: Lam, Finnish

☆ The best and worst airlines in the US for 2023, according to the WSJ
▼ + stars: | 2024-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

American and United sat in the middle of the group, mostly losing points for cancelations, tarmac delays, and baggage mishaps. AdvertisementHere's a closer look at the best and worst airlines in the US for 2023 — and how they ranked in each category in the WSJ rankings:9. JetBlue AirwaysJetBlue Airways ranked dead last in the WSJ's annual list of best and worst US airlines for 2023. AaronP/Bauer-Griffin/GC Images via Getty Images2022 Rank: 1Delta is the best airline in the US for 2023, according to The Wall Street Journal's ranking. It was second for extreme delays, fourth for tarmac delays and mishandled baggage, and fifth for flight cancelations — its lowest finish overall.

Persons: —, Delta, Allegiant, Andrew Watterson, United, Marcus Mainka, Tayfun, Mario Tama, Nicolas Economou, Robert Alexander, Tom Williams, Bauer, Griffin Organizations: Delta Air Lines, Alaska Airlines, JetBlue Airways, Service, Delta, Allegiant, Department of Transportation, — United Airlines, American Airlines, Max, Southwest Airlines, Journal ., Spirit Airlines, Frontier Airlines, Jetblue, JetBlue, Airlines, JetBlue Airways JetBlue Airways, Anadolu Agency, Getty, cancelations, Spirit Airlines Spirit Airlines, United Airlines United, American Airlines American Airlines, Southwest Airlines Southwest Airlines, Southwest, Delta Air Lines Delta Air Lines Locations: West Coast, Seattle, Alaska, New York City, New York, Southwest

☆ Stock futures are flat after Dow tops 38,000 for the first time: Live updates
▼ + stars: | 2024-01-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

A trader works on the floor at the New York Stock Exchange on Dec. 4, 2023. U.S. stock futures were flat Monday night after the Dow Jones Industrial Average surpassed 38,000 for the first time ever. S&P 500 futures rose 0.03%, while Nasdaq 100 futures gained 0.07%. In extended trading, United Airlines rose more than 6% after reporting strong fourth-quarter results. The 30-stock Dow advanced more than 100 points, or 0.4%, to hit a new record and close above 38,000 for the first time.

Persons: Russell, Cheryl Young, Johnson, Lockheed Martin Organizations: New York Stock Exchange, Dow Jones Industrial, Dow, Nasdaq, United Airlines, Boeing, Max, Alaska Airlines, United . American Airlines, Southwest Airlines, Alaska Air Group, Delta Air Lines, Nvidia, Rockefeller, Family, Procter, Gamble, Lockheed, Netflix

☆ Southwest flight cancellations are piling up today. It’s not what you think
▼ + stars: | 2024-01-15 | by ( Eva Rothenberg | Pete Muntean | ) edition.cnn.com time to read: +5 min

New York CNN —Flight cancellations across the country continue to cause headaches for thousands of travelers, and Southwest is topping the list of most-affected airlines for the second consecutive day. Saturday and Sunday saw more than 16,500 flights delays and nearly 3,000 cancellations across the United States, according to FlightAware. The Federal Aviation Administration instated the order after a piece of the fuselage blew off an Alaska Airlines flight on January 5 with 177 people on board. United has canceled nearly 13% of its flights, making it the second most affected airline behind Southwest, which doesn’t fly any Max 9 planes. Alaska Airlines experienced the third-highest rate of cancellations on Sunday, having called off about 15% of its total flights.

Persons: ”, “ Organizations: New, New York CNN, Rockies, Southwest, CNN, Southwest Airlines, National Weather Service, NWS, American Airlines, Dallas, Fort Worth International, Alaska Airlines, Boeing, Max, Federal Aviation Administration Locations: New York, Southwest, Texas, Oregon, Mississippi, Memphis, Dallas, Nashville, Chicago, Denver, DFW, United States, United, Portland , Oregon

The deal is smaller than the mergers that reshaped the airline industry more than a decade ago. But the Justice Department is already fighting another smallish deal — JetBlue's proposal to buy Spirit Airlines. This deal will provide another test for the Biden administration’s resolve to preserve competition in various industries. PRO AND CON ARGUMENTSIn the JetBlue case, the Justice Department sued because it wants to preserve Spirit, the nation's biggest discount airline. Under President Joe Biden, the Justice Department seems to be showing some buyer's remorse that previous administrations didn't block some of those mergers.

Persons: Biden, Ben Minicucci, Henry Harteveldt, Joe Biden, — Organizations: Alaska Air Group's, Hawaiian Airlines, Spirit Airlines, Alaska Airlines, Alaska Air Group, U.S ., JetBlue, Virgin America, JetBlue . Hawaiian Airlines, Alaska Air, U.S . Department of Transportation, American Airlines, Justice, Alaska -, U.S, Justice Department, Atmosphere Research, Delta Air Lines, United Airlines, Southwest Airlines, Transportation Department, Airlines, America — Locations: Alaska, Hawaiian, ALASKA, Seattle, West Coast, California, U.S, Asia, Hawaii, Cirium, United States

☆ The Biden administration is on a mission to crack down on junk fees. Here's who's fighting to keep them.
▼ + stars: | 2023-11-20 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

President Joe Biden earlier this year said his administration would crack down on hidden fees. WaPo examined federal lobbying files and hundreds of filings that were sent to federal agencies. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementFrom a dizzying array of airline fees to add-ons tacked on to concert ticket prices, Americans are fed up with hidden fees. AdvertisementThe Post analyzed federal lobbying files and filings sent to federal agencies as the administration pushes to save US consumers from collectively spending billions of dollars in fees each year.

Persons: Joe Biden, WaPo, —, Biden, Doug Mullen, Dan Wall Organizations: Service, The Washington, Travelers, American Airlines, Delta Air Lines, United Airlines, Department of Transportation, Airlines for, Airlines, America, Live, Post Locations: Airlines for America

☆ Southwest, other US airlines face holiday travel test after 2022 blizzard
▼ + stars: | 2023-11-20 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

Southwest Airlines planes are show at San Diego International airport in San Diego, California, U.S., May 18, 2023. The chief operating officer of Southwest Airlines (LUV.N) found himself in the eye of a storm after a blizzard last December forced the company to cancel almost 17,000 flights, disrupting travel plans for about 2 million customers. With this week's U.S. Thanksgiving holiday kicking off the holiday travel season, Watterson can ill afford another fiasco. Airlines have taken measures to beef up winter operations including investments in weather forecast technology and de-icing equipment, and increased staffing and training. To make its winter operations more resilient, Watterson said Southwest invested in de-icing trucks and de-icing pads across its network.

Persons: Mike Blake, Andrew Watterson, Watterson, Constance von Muehlen, David Seymour, von Muehlen, Rajesh Kumar Singh, Doyinsola Oladipo, David Shepardson, Ben Klayman, Matthew Lewis Organizations: Southwest Airlines, San Diego International, REUTERS, Rights, Reuters, U.S . Transportation Department, Alaska Airlines, University of Washington, United Airlines, American Airlines, Federal Aviation Administration, FAA, U.S, Thomson Locations: San Diego , California, U.S, Dallas, Denver, Chicago, Southwest, Seattle, Alaska, Newark , New Jersey, Congress, New York, Washington

☆ $29 flights are back as airlines race to fill seats in the off-season
▼ + stars: | 2023-11-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats.

Persons: Luke Sharrett, Ryan Green, Scott Keyes, airfare, Bob Jordan, Jordan, Barry Biffle, we're, Hopper, that's, Biffle, Henry Harteveldt Organizations: Frontier, Spirit Airlines, Indianapolis International Airport, Bloomberg, Getty, Texas — Airlines, Southwest Airlines, Skift Aviation, Airlines, JetBlue Airways, Budget, JetBlue, Frontier Airlines, . Frontier Airlines, CNBC, Delta Air Lines, United Airlines, American Airlines, Southwest, Atmosphere Research Locations: Indianapolis , Indiana, Texas, Miramar , Florida, Orlando, Vegas

[1/2] Airplane model is placed on displayed Spirit Airlines and jetBlue Airways logos in this illustration taken, June 21, 2022. REUTERS/Dado Ruvic/Illustrations/File Photo Acquire Licensing RightsBOSTON, Oct 31 (Reuters) - The U.S. Department of Justice heads to trial on Tuesday to urge a federal judge to block JetBlue Airways' (JBLU.O) planned $3.8 billion acquisition of ultra-low-cost carrier Spirit Airlines. The trial will take place without a jury over about three weeks before U.S. District Judge William Young. A merger between JetBlue and Spirit, the sixth and seventh largest U.S. carriers, respectively, would mark the first major U.S. airline combination since Alaska Airlines bought Virgin America in 2016. The Justice Department alleges the merger would eliminate the pressure larger airlines, including JetBlue, face to lower their fares in response to competition from Spirit and cost consumers over $2 billion in higher fares annually.

Persons: Dado Ruvic, Joe Biden's, William Young, Young, Biden, Leo Sorokin, Nate Raymond, Alexia Garamfalvi, Nick Zieminski Organizations: Airlines, jetBlue Airways, REUTERS, Rights, U.S . Department of Justice, JetBlue Airways, Spirit Airlines, U.S, JetBlue, Spirit, Alaska Airlines, Virgin America, United Airlines, American Airlines, Delta Air Lines, Justice Department, Department, Democratic, District of Columbia, The, Big, American, Thomson Locations: Boston, U.S, New York City, Newark, Fort Lauderdale

☆ An American Airlines passenger says he got severe injuries after being 'scalded' by hot coffee during a flight, a lawsuit alleges
▼ + stars: | 2023-10-23 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

A Pennsylvania man is suing American Airlines, alleging he was "scalded" by a cup of hot coffee on a flight. The suit says the coffee spilled onto his arm, leaving the man with "severe and permanent injuries." The airline was "careless, reckless and negligent in serving scalding coffee" to the passenger, his suit says. AdvertisementAdvertisementWhen asked for comment on the complaint Monday, an American Airlines spokesperson told Insider that it cannot comment on pending legal matters. American Airlines, according to the lawsuit, was "careless, reckless, and negligent in serving scalding coffee to the plaintiff in an unsafe manner" and for "failing to hire and retain competent personnel and employees."

Persons: —, George Latorre, David Jaroslawicz, Latorre Organizations: American Airlines, Service, Montreal Convention Locations: Pennsylvania, Vietnam, New York City, New York, 33J

☆ American Airlines beats profit estimates, sees strong holiday bookings
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake/File Photo Acquire Licensing RightsOct 19 (Reuters) - American Airlines (AAL.O) on Thursday beat estimates for third-quarter adjusted profit and said bookings for the upcoming holiday season have been stronger than last year, sending its shares up 1.6% in premarket trading. American Airlines reported an adjusted profit of 38 cents per share for the quarter ended Sept. 30, beating analysts' average estimates of 25 cents per share, according to LSEG data. It now expects an adjusted profit of $2.25 per share to $2.50 per share for the year, compared with its previous forecast of $3 to $3.75 per share. The company expects its fourth-quarter total revenue per available seat mile (TRASM), a proxy for pricing power, to be down about 5.5% to 7.5%, compared with the year-earlier period.

Persons: Mike Blake, Robert Isom, Shivansh, Anil D'Silva Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, CNBC, Jet, Thomson Locations: Los Angeles , California, U.S, Fort Worth , Texas, Bengaluru

☆ Stocks making the biggest moves midday: Tesla, Netflix, American Airlines, AT&T and more
▼ + stars: | 2023-10-19 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Las Vegas Sands – The casino operator rose 3.8% after topping revenue estimates for the third quarter and pointing to a recovery in Macao and Singapore. Las Vegas Sands posted revenues of $2.8 billion, exceeding the $2.73 billion expected by analysts polled by LSEG. American Airlines — Shares advanced 2% midday even after the air carrier posted weaker-than-expected earnings and revenue for the third quarter . Netflix added 8.76 million subscribers in the quarter while analysts polled by StreetAccount forecast 5.49 million. Zscaler — Stock in the cloud security firm added 1% following an upgrade to buy from Jefferies on Thursday, citing upside to 2024 earnings estimates.

Persons: Tesla, Blackstone, LSEG, —, Alex Harring, Hakyung Kim, Samantha Subin, Tanaya Macheel Organizations: Union Pacific, LSEG, Vegas Sands, Las Vegas Sands, LSEG . American Airlines —, Netflix, StreetAccount, Lam Research, Zions, Jefferies, Blackstone — Locations: Vegas, Macao, Singapore, Las, Atlantic, Pacific

☆ Stock futures are little changed as traders look ahead to key Fed Chair Powell speech: Live updates
▼ + stars: | 2023-10-18 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

S&P 500 futures ticked up 0.06%, while Nasdaq 100 futures gained 0.1%. In after-hours trading, electric vehicle juggernaut Tesla slid 4% after the company missed expectations on earnings and revenue in the third quarter. During Wednesday's regular trading, stocks sold off sharply as Treasury yields surged to multiyear highs. Interest rates will be back in focus Thursday as traders look ahead to a key speech at noon ET from Federal Reserve Chair Jerome Powell. Even as inflation numbers have been showing signs of improvement, Treasury yields' continued climb is raising questions on how the central bank may proceed on monetary policy.

Persons: Tesla, LSEG, Jerome Powell, —, Jeff Cox Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Netflix, Dow, Federal, Truist, American Airlines , Union Pacific, CSX

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