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☆ American Airlines' frequent flyer program is changing. Here’s what you need to know
▼ + stars: | 2024-01-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Elite status on airlines rewards big spenders with perks like complimentary upgrades and free checked bags. First things first: American Airlines isn't changing the requirements to earn elite status at the airline in the coming earning year. Loyalty programs were a lifeline for airlines during the Covid pandemic when travel slowed to a trickle. Carriers have been grappling with a surge in elite travelers, repeatedly increasing the requirements to earn status, and tweaking benefits. For customers striving for elite status, the airline will give them bonus loyalty points after they've earned 15,000.

Persons: Ronald Reagan, Scott Chandler, American's, they've Organizations: American Airlines Airbus, Ronald Reagan Washington National Airport, American Airlines, Admirals Club, Delta Air Lines, United, Delta Locations: Ronald Reagan Washington, Arlington , Virginia, American

☆ 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

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 RightsSept 25 (Reuters) - American Airlines (AAL.O) on Monday appealed a U.S. court decision requiring it to end an alliance with JetBlue Airways (JBLU.O). U.S. District Judge Leo Sorokin ruled in May the airlines' "Northeast Alliance" that allowed the two carriers to coordinate flights and pool revenue violated antitrust law. JetBlue previously said it would not appeal as it seeks to protect a planned $3.8 billion purchase of Spirit Airlines (SAVE.N) that faces a separate legal challenge from the Justice Department. Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Leo Sorokin, David Shepardson, Chris Reese Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, JetBlue Airways, U.S, District, JetBlue, Spirit Airlines, Justice Department, Thomson Locations: Los Angeles , California, U.S

☆ American Airlines cuts adjusted profit forecast for third quarter
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 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 RightsCompanies American Airlines Group Inc FollowSept 13 (Reuters) - American Airlines Group (AAL.O) on Wednesday cut its third-quarter adjusted profit forecast, to account for higher fuel costs and expenses related to its new collective bargaining agreement with the ALPA union. The carrier now expects an adjusted profit of between about 20 cents to 30 cents per share in the third quarter, down from its prior range of about 85 cents to 95 cents per share. Reporting by Nathan Gomes in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Blake, Nathan Gomes, Arun Koyyur Organizations: American Airlines Airbus, Los Angeles International, REUTERS, Companies American Airlines Group, American Airlines Group, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ American Airlines flight attendants vote to authorize strike - union
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

An American Airlines Airbus A321 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. REUTERS/Mike Blake Acquire Licensing RightsAug 30 (Reuters) - American Airlines' (AAL.O) flight attendants voted to authorize a strike if the company refuses to agree to "reasonable" contract terms, the Association of Professional Flight Attendants (APFA) said on Wednesday. An overwhelming 99.47% of the flight attendants represented by the labor union voted to authorize a strike, according to APFA that covers more than 26,000 flight attendants at the carrier. "Flight attendants are fired up and ready for a contract. They (the company) ignore this strike vote at their peril," Julie Hedrick, national president of APFA, said in a statement.

Persons: Mike Blake, Julie Hedrick, APFA, Priyamvada, Maju Samuel Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, Association of Professional, United Airlines, Delta Air Lines, Thomson Locations: Los Angeles , California, U.S, Bengaluru

☆ American Airlines warns of higher third-quarter cost from new pilot contract
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

An American Airlines Airbus A321 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. Continued strength in travel demand has provided pilots an upper hand in contract talks and bolstered their bargaining power as airlines rush to staff up and expand capacity. Rival United Airlines (UAL.O) too had last month announced a preliminary deal for a new four-year contract that would give its pilots a cumulative increase of 34.5%-40.2% in pay. American Airlines now expects its cost per available seat mile excluding fuel and net special items to rise about 4% to 6%, compared with a prior forecast of about 2% to 4% growth. The company reaffirmed its annual cost outlook, mainly due to changes in the anticipated timing of other expenses.

Persons: Mike Blake, Shivansh, Anil D'Silva, Arun Koyyur Organizations: American Airlines Airbus, Los Angeles International, REUTERS, American Airlines, Rival United Airlines, Thomson Locations: Los Angeles , California, U.S, Bengaluru

[1/2] An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." Garland said the Justice Department will continue to protect competition and enforce U.S. antitrust laws across industries, including the airline industry. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

Higher costs and a shortage of available new parts are also delaying aircraft repairs, which risk pushing up air fares. Some makers of brand-name parts like General Electric Co (GE.N) stand to benefit because they also sell used parts, known as used serviceable material. Honeywell Aerospace Trading (HON.O), the U.S. conglomerate's used parts business, is among companies enjoying higher demand since 2021. Ultimately, the alternatives to new parts may bring relief but a congested supply chain must be fixed, said Benjamin Hockenberg, president of JSSI Parts & Leasing. "Certain models, certain situations, (used parts) will fill the void, but I think we also need to see a repaired supply chain," said Hockenberg.

☆ FAA says contractor unintentionally deleted files before outage disrupted thousands of flights
▼ + stars: | 2023-01-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

"A preliminary FAA review of last week's outage of the Notice to Air Missions (NOTAM) system determined that contract personnel unintentionally deleted files while working to correct synchronization between the live primary database and a backup database," the FAA said. The FAA reiterated that it hasn't found evidence of a cyberattack or "malicious intent" and that it is still investigating what occurred. Lawmakers from both parties demanded answers about technology vulnerabilities in the U.S. aviation system. Airline executives complained about inadequate funding and staffing for the FAA. "Hopefully this will be the call to our political leaders in Washington that we need to do better."

☆ Summer's over, but the European travel season isn't
▼ + stars: | 2022-09-29 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

This photograph taken on August 7, 2018, shows an American Airlines Airbus A330-243 aircraft on the tarmac at Roissy-Charles de Gaulle Airport, north of Paris. It's a welcome shift for airlines as they seek to drum up revenue after travel restrictions and concerns about Covid-19 sapped demand for many European trips in 2020 and 2021. Lucrative business travel segments have been slower to return than leisure, making these trips all the more crucial. "I think there's no question that people's appetite for going to Europe has gotten longer," said Kyle Potter, executive editor of Thrifty Traveler, a travel and flight deal website. Plus, a strong U.S. dollar is making fall trips to Europe more attractive, driving down costs of everything from shopping in Milan to high-end dining in Paris or London for many U.S. travelers.

☆ U.S. airlines sound bullish as bookings roar back
▼ + stars: | 2022-04-22 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

That's the message major U.S. carriers are sending investors after grappling with coronavirus-induced uncertainty for two years. Last week, rival Delta Air Lines (DAL.N) also forecast a return to quarterly profit, citing "historic" high bookings. An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. Fuel is the industry's second-biggest expense after labor, but major U.S. airlines do not hedge against volatile oil prices like most European airlines. "You put all that together, and we feel very bullish," Kirby said on the company's earnings call.

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