DIRS.INFO The most relevant business & tech news

☆ It isn't just Boeing that's bleeding billions — major US airlines are hemorrhaging cash too
▼ + stars: | 2024-04-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Southwest Airlines and American Airlines posted losses in the first quarter of 2024. On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call. Southwest Airlines CEO Bob Jordan told CNBC the decision to cease flights had "nothing to do" with Boeing's aircraft delivery delays. AdvertisementRepresentatives for Southwest Airlines and American Airlines didn't immediately respond to a request for comment from BI sent outside regular business hours. "Near term, yes, we are in a tough moment," Boeing CEO Dave Calhoun said in a letter to employees on the same day.

Persons: It's, Bob Jordan, —, George Bush, Jordan, Robert Isom, I've, Isom, Isom's, Brian West, Dave Calhoun Organizations: Boeing, Airlines, Southwest Airlines, American Airlines, Southwest, Service, —, — Bellingham International, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, CNBC, American, Bank of America Global Industrials Conference . West, BI, Max, Wednesday Locations: — Bellingham, Cozumel, Southwest, Oregon, California

☆ Boeing problems lead Southwest to drop service to four airports
▼ + stars: | 2024-04-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.

Persons: Houston’s George, ”, Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest

☆ American Airlines CEO Robert Isom on Q1 miss, Boeing's delivery delays and new airline refund rules
▼ + stars: | 2024-04-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom on Q1 miss, Boeing's delivery delays and new airline refund rulesCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the company's quarterly earnings results, impact of Boeing's delivery delays, impact of Biden administration's new passenger refund rules, and more.

Persons: Robert Isom, Phil LeBeau, Biden Organizations: American, American Airlines

☆ American Airlines swings to a loss, but tops estimates for Q2 forecast
▼ + stars: | 2024-04-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates, sending shares roughly 5% higher Thursday. American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year. American said it expects second-quarter capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year. Similar to Southwest , United and Alaska , American is affected by Boeing's latest quality control and safety crises. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.

Persons: LSEG, Robert Isom, Isom, Boeing hasn't, —, Phil LeBeau Organizations: Boeing, American Airlines, JFK International, CNBC, Revenue Locations: Austin , Texas, New York, Manhattan, Southwest, United, Alaska, American

☆ American Airlines CEO: Demand is back, we're in a comfortable environment
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO: Demand is back, we're in a comfortable environmentAmerican Airlines CEO Robert Isom joins 'Money Movers' to discuss why the company has decided to have an investor day after a seven-year hiatus, how the airline can continue to bring down its debt, and more.

Persons: Robert Isom Organizations: American Airlines CEO, American

☆ Companies are hopeful about the economy again — even if they’re nervous
▼ + stars: | 2024-02-01 | by ( Krystal Hur | ) edition.cnn.com time to read: +7 min

New York CNN —Earnings season is in full swing, and that means investors get a chance to hear from multinational companies about the state of the global economy. Some of the United States’ biggest companies are in the hot seat to answer questions about the economy, and where it could be headed. Like the rest of the US, companies are watching whether the economy could still tip into a recession as interest rates hover around a 23-year high. Achieving a soft landing, or a situation in which inflation comes down without an economic downturn, looks likely, some companies said. According to the UK government’s own estimates, the checks — including physical inspections from April — will cost British businesses about £330 million ($419 million) annually and increase food inflation by about 0.2 percentage points over three years.

Persons: it’s, ”, Michael Hsu, Kimberly, Clark, Blackstone, Stephen Schwarzman, Christophe Le Caillec, Jim Vondruska, We’re, Robert Isom, Lorenzo Simonelli, Baker Hughes, Alan Schnitzer, Elisabeth Buchwald, “, Christopher Waller, Waller, Hanna Ziady, Read Organizations: CNN Business, Bell, New York CNN, United States ’, American, O'Hare Airport, Travelers Companies, ”, European Union Locations: New York, Chicago , Illinois, United Kingdom, Britain

☆ American Airlines CEO: Boeing has to 'get their act together' and produce a quality product
▼ + stars: | 2024-01-25 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO: Boeing has to 'get their act together' and produce a quality productCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' join 'Squawk Box' to discuss the company's quarterly earnings results, 2024 outlook, corporate travel demand, Boeing's quality concerns, and more.

Persons: Phil LeBeau, Robert Isom Organizations: American Airlines CEO, Boeing, American Airlines

☆ American Airlines posts narrow fourth-quarter profit
▼ + stars: | 2024-01-25 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. American Airlines on Thursday posted a $19 million profit for the last three months of 2023, topping Wall Street estimates on the top and bottom lines. 29 cents adjusted vs. 10 cents per share expected. For the last three months of 2023, American Airlines reported net income of $19 million, down from $803 million the year prior. "The American Airlines team produced an exceptionally strong performance in 2023," CEO Robert Isom said in a statement Thursday.

Persons: Robert Isom Organizations: Boeing, American Airlines, LSEG, Revenue, United Airlines, Max, Federal Aviation Administration, Alaska Airlines Locations: Barcelona, Southwest, Alaska

☆ 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

☆ The 737 Max grounding will cost Alaska Airlines $150 million
▼ + stars: | 2024-01-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The grounding of the 737 Max 9 after a January 5 incident that blew a hole in the side of an Alaska Airlines plane earlier this month will cost the airline about $150 million, Alaska announced Thursday. The door plug blew off an Alaska Airlines flight on January 5, leaving a gaping hole in the side of the plane. While no passengers were killed, the incident led the Federal Aviation Administration to order a grounding of all 737 Max 9 jets. Alaska Airlines CEO Ben Minicucci told NBC in an interview Tuesday that the carrier found “some loose bolts on many” Boeing 737 Max 9 during its inspections. Alaska and United are the only US airlines with the 737 Max 9 jet in their fleets.

Persons: Max, Ben Minicucci, “, ”, Robert Isom, It’s Organizations: New, New York CNN, Alaska Airlines, Federal Aviation Administration, FAA, Alaska Air, NBC, Boeing, Max, Refinitiv, Southwest Airlines, American, CNBC Locations: New York, Alaska, United

☆ As Winter Approaches, Fears Grow for Homeless Migrants
▼ + stars: | 2023-12-04 | by ( Luis Ferré-Sadurní | More About Luis Ferré-Sadurní | ) www.nytimes.com time to read: +1 min

The cold-weather scenes have crystallized the alarming strain that the arrival of more than 140,000 asylum seekers since spring last year has placed on the city. In Chicago, migrants have been sleeping in buses and on the floor of police stations, while Massachusetts has warned that its shelter system had reached full capacity. City Hall has said budget constraints mean it will have to cut spending on migrant care soon. Anne Williams-Isom, the deputy mayor leading the city’s response to the crisis, said during a news conference last Tuesday that New York was at capacity. “We’re running out of staff, we’re running of money, we’re running out of space,” she said.

Persons: Eric Adams, Mayor Adams, Anne Williams, Joshua Goldfein Organizations: City, Legal Aid Society Locations: Chicago, Massachusetts, York

NEW YORK (AP) — Staring down a hefty holiday gift list? QUEER STYLE EXPLAINED: Pick up the book “dapperQ Style: Ungendering Fashion,” by Anita Dolce Vita. The editor in chief of the queer style magazine dapperQ has put together an enlightening collection of stories on style from the LGBTQ+ community. Queer style helps serve as a possibility model for who we can become.” These voices can help us all. FOOTBALL FAN FUN: “The Football 100,” by Mike Sando, Dan Pompei and The Athletic NFL staff.

Persons: —, gramps, ”, Dayna Isom Johnson, you've, Ototo, Kimora Lee Simmons, Anita Dolce Vita, Harper, Gund, Chase, Mike Sando, Dan Pompei, Tom Brady, William Morrow, Sakurai, Zane Navratil Organizations: The Athletic NFL, Union Square Wines, Sony Locations: Americas, Europe, Africa, Asia, Oceania, Skye, Japan, Hyde Park , New York, U.S, New York, Los Angeles, Nicaragua

☆ The Dow's transportation index is ringing alarm bells about the broader stock market
▼ + stars: | 2023-10-20 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

A decline in transportation stocks is sending a worrying signal about the broader stock market. Transportation stocks are viewed as a leading indicator because they point to the movement of goods around the country. AdvertisementAdvertisementA steady decline in transportation stocks is sending a worrying signal about the broader stock market and its chances to stage a year-end rally. If companies are seeing a slowdown in growth and their stock prices fall, it could be a grim warning for the rest of the economy and stock market. AdvertisementAdvertisementAnd if the latter happens, crucial support levels would be broken and investors' highly anticipated year-end rally in the stock market, partly explained by bullish seasonals, would be on thin ice.

Persons: —, Hunt, Dow Jones, bullish seasonals, J.B, Shelley Simpson, Robert Isom, We're, Isom, Joe Hinrichs, Hinrich, Dow, Manuel Blay, TheDowTheory.com, Dow Industrials Organizations: Service, Dow Jones Transportation, United Airlines, American Airlines, CSX Transportation, Dow, Industrial, CNBC, CSX Locations: Israel

☆ 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

☆ American Airlines posts third-quarter loss and trims 2023 profit forecast
▼ + stars: | 2023-10-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023. American Airlines posted a third-quarter loss on Thursday and trimmed its profit forecast for the year, partly in response to higher fuel prices. American said it expects a full-year adjusted operating margin of 7%, down from a previous forecast for as wide a margin as 10%. For the fourth quarter, American estimated it would break even. American will hold a call with analysts and media at 8:30 a.m. on Thursday to discuss results and its outlook.

Persons: Robert Isom Organizations: Boeing, American Airlines, LSEG, Revenue Locations: Barcelona

DALLAS (AP) — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. American Airlines Group Inc., based in Fort Worth, said earnings excluding special items worked out to 38 cents per share. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago. There are already concerns over rising costs for airlines as fuel prices surge at the same time that travel has begun to slow. Fuel prices are still lower than they were last year, but the loss at American could add to anxiety over burdensome costs across the industry.

Persons: Robert Isom, “ We're, ”, Devon May, United Organizations: DALLAS, —, Airlines, United Airlines, Delta Air Lines, American Airlines Group Inc, Delta, United, Labor Locations: United States, Fort Worth, United, Tel Aviv, Israel

☆ American Airlines CEO Robert Isom: I see robust demand going into 2024
▼ + stars: | 2023-10-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom: I see robust demand going into 2024CNBC’s Phil LeBeau and American Airlines CEO Robert Isom joins 'Squawk Box' to discuss the airline's quarterly earnings results, travel demand, Q4 outlook, capacity challenges, and more.

Persons: Robert Isom, Phil LeBeau Organizations: American, American Airlines

☆ American Airlines flight attendants aren't happy they still have to stay in a hotel where a colleague died in 'suspicious' circumstances
▼ + stars: | 2023-10-14 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Flight attendants turned up at American Airlines HQ with a letter of no confidence in a senior executive. Union members are angry they've not been relocated from a hotel in Philadelphia where a colleague died. AdvertisementAdvertisementLast month, a 66-year-old AA flight attendant was found dead in a room at the Marriott with "a cloth in her mouth." In a statement the APFA said: "The lack of action on flight attendant safety and security and the appalling lack of flight attendant support on the line is utterly unacceptable." In August the AFPA, which represents 26,000 flight attendants, voted overwhelmingly to authorize a strike if American refused to agree to "reasonable" contract terms, Reuters reported.

Persons: Brady Byrne, they've, —, Robert Isom, Brady Byrnes, Byrnes, APFA, Mr Brynes, Kevin Dietsch Organizations: American Airlines, Service, Fort, Association of Professional, AA, Marriott, Reuters Locations: Philadelphia, Fort Worth

☆ For Migrants in New York Shelters, 60-Day Limit Creates More Confusion
▼ + stars: | 2023-09-23 | by ( Hurubie Meko | ) www.nytimes.com time to read: +1 min

New York City is implementing new rules in its homeless shelters in what officials said was an effort to reduce crowding as thousands of migrants continue to arrive from the southern border. New York is required by law to provide shelter to anyone who asks for it, but Mayor Eric Adams announced in July that adult migrants without children would be allowed to stay in city shelters for only 60 days before having to reapply for beds. The city has since issued about 13,000 notices of the 60-day limit, and for about 50 people that end date was Saturday. On Friday, the mayor announced another change: The time limit for migrants who reapply for shelter would be just 30 days, a shift first reported by The City. “We have now reached a point where we are full and must take action to move people seeking asylum more quickly through our shelter system,” Anne Williams-Isom, the deputy mayor for health and human services, said on Friday.

Persons: Eric Adams, ” Anne Williams Locations: York City, New York, The City

☆ American Airlines pilots approve sweetened labor deal with big raises
▼ + stars: | 2023-08-21 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines pilots approved a sweetened labor deal, making the carrier the second major U.S. airline to seal a new contract with its highest-paid work group. An earlier deal between American and the union fell apart after rival United Airlines and that carrier's union reached a richer, preliminary deal. American's pilots voted more than 72% in favor of the new contract, and there was a 95% turnout, according to the Allied Pilots Association. Delta Air Lines pilots ratified a new agreement earlier this year.

Persons: American's, Robert Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, American, United Airlines, Allied Pilots Association, Delta Air Lines Locations: Miami , Florida, U.S

☆ New York woman Barbara Lakin restores old Barbies for migrant girls
▼ + stars: | 2023-08-07 | by ( Alaa Elassar | ) edition.cnn.com time to read: +9 min

New York CNN —Barbara Lakin sits on a bus in New York City, her fingers busy sewing blue thread into a tiny dress. On the seat beside her, six disheveled Barbie dolls stick out of her backpack. Cory CurtinUsing old Barbies she buys or donated dolls, Lakin, a New Yorker living in the East Village, restores the toys as gifts for the children. In March, the organization also opened the Little Shop of Kindness, where the migrants can shop for free and young migrant girls can receive the Barbies. This way, she can donate matching Barbie dolls and shirts to father-and-daughter duos who come to the store.

Persons: Barbara Lakin, Barbie, ” Lakin, Lakin, Cory Curtin, “, ”, Greg Abbott, Human Services Anne Williams, Eric Adams ’, Alejandro Mayorkas, Williams, Isom, Ilze Thielmann, Thielmann, Ilze, ‘, we’re, Barbara Lakin Lakin, Barbies Organizations: New, New York CNN, CNN, TLC, New York’s Port Authority Bus, Texas Gov, Health, Human Services, Homeland, Migrants, WCBS, Port Authority, Kindness Locations: New York, New York City, Central, South America, New Yorker, East, New York’s, Washington and New York, Midtown Manhattan, Long Island City, Bryant, England, Latina

☆ American Airlines pilots reach deal to match gains at rival United
▼ + stars: | 2023-07-27 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

The Allied Pilots Association (APA), which represents over 15,000 American Airlines pilots, did not specify the value of the revised deal. The American Airlines revised deal also provides pilots full back pay for this year. In line with United's deal, pay increases for American Airlines' pilots will now take place on January 1 instead of May 2 as provided in the original deal. An American Airlines spokesperson described the revised deal as a contract that its pilots deserve. Southwest Airlines (LUV.N) is now the only major U.S. carrier that is without a new pilot contract deal.

Persons: Brian Snyder CHICAGO, Robert Isom, Rajesh Kumar Singh, Leslie Adler, Bill Berkrot, Jamie Freed Organizations: American Airlines, Airport, REUTERS, United Airlines, North American, Allied Pilots Association, American, United, Delta Air Lines, APA, Jefferies, Delta, United . Airline, Southwest Airlines, Thomson Locations: Boston , Massachusetts, U.S, United States

☆ American Airlines pilots' union accepts sweetened labor deal
▼ + stars: | 2023-07-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

American Airlines pilots' union said Thursday that they agreed to a sweetened offer for a new labor contract, less than two weeks after a richer deal at rival United Airlines derailed voting at American. "We appreciate the Allied Pilots Association for its collaborative work to reach an updated agreement on a four-year contract for American's pilots," American said in a statement. American's pilots would start voting on the new deal in August. The deal is the latest in the transportation industry where workers are seeking, and getting, higher wages. A shortage of pilots has emboldened unions to seek bigger raises and other improvements after the pandemic stalled negotiations.

Persons: Robert Isom Organizations: American Airlines, United Airlines, American, Delta Air Lines, Allied Pilots Association, UPS, International Brotherhood of Teamsters, Workers Locations: U.S

☆ American Airlines pilot contract offer increases to $9 billion following United agreement
▼ + stars: | 2023-07-22 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —American Airlines (AAL) agreed to raise its pilot contract offer by more than a billion dollars to bring it on par with the tentative agreement competitor United Airlines reached with its pilots last week. The total offer reaches about $9 billion dollars in incremental compensation and benefits, CEO Robert Isom said in a call with pilots Friday. Isom said the United agreement “changed the landscape” and had wages that were higher than Delta’s original negotiations. Last week, United Airlines pilots, represented by the Air Line Pilots Association, reached a deal in principle with the airline, giving the pilots up to a 40% raise. Last week, APA President Ed Sicher said in a statement it is “dead obvious” their union’s existing tentative agreement is “woefully deficient by comparison” to the tentative agreement reached by its competitor airline’s pilots.

Persons: Robert Isom, Isom, “, ” Isom, ”, Ed Sicher Organizations: New, New York CNN — American Airlines, United Airlines, Allied Pilots Association, Board, Air Line Pilots Association, American Airlines Locations: New York, Delta

☆ American Airlines boosts pilot contract offer by $1 billion after United deal
▼ + stars: | 2023-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines raised its offer for a new pilot contract by more than $1 billion to match a preliminary deal last week between rival United Airlines and that carrier's aviators. Airlines and pilot unions had been negotiating new deals for years. Delta Air Lines pilots approved a new agreement in March for a deal that includes 34% raises over four years. The new offer includes 21% pay bonuses and pay on par with United and Delta, the Allied Pilots Association, their union, said Friday.

Persons: Robert Isom, Ed Sicher, Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, United Airlines, United, . Airlines, Unions, Delta Air Lines, Delta, Allied Pilots Association Locations: Miami , Florida

Search resuls for: "Isom"

25 mentions found