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Search resuls for: "Rajesh Kumar Singh Aishwarya Nair"


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☆ Southwest flights resume after brief halt due to technical problem
  + stars: | 2023-04-18 | by ( Rajesh Kumar Singh Aishwarya Nair | Rajesh Kumar Singh | Aishwarya Nair | ) www.reuters.com   time to read: +3 min
REUTERS/Jim VondruskaApril 18 (Reuters) - Southwest Airlines Co's (LUV.N) said a technology failure caused a one-hour nationwide stoppage of its flights on Tuesday, another snafu for the carrier after a software problem over the Christmas holiday stranded thousands. The Dallas-based carrier's flights resumed after a vendor-supplied computer network firewall went down Tuesday morning and connection to some operational data was "unexpectedly" lost. Data from flight tracker FlightAware showed 47% of Southwest's flights were delayed as of late afternoon on Tuesday. "This is another demonstration that Southwest Airlines needs to upgrade their systems and stop the negative impacts to individual travelers,” said Senator Maria Cantwell in a statement. The FAA had to halt flights nationwide in January due to a systems outage.
☆ Delta Air Lines misses profit target as winter storm drives up costs
  + stars: | 2023-04-13 | by ( Rajesh Kumar Singh Aishwarya Nair | Rajesh Kumar Singh | Aishwarya Nair | ) www.reuters.com   time to read: +3 min
CHICAGO, April 13 (Reuters) - Delta Air Lines (DAL.N) on Thursday posted weaker-than-expected earnings in the first quarter, hit by a severe winter storm that drove up operational expenses for the carrier. CEO Bastian said on a post earnings call that Delta expects to bring down non-fuel costs in the second half of the year. For the June quarter, Delta expects its revenue to rise 15% to 17% from a year earlier on capacity growth of 17%. "We're growing supply at that level and not seeing a deterioration in the overall revenue," Bastian said. Delta expects an adjusted profit of $2.00 to $2.25 per share in the second quarter, with an operating margin of 14% to 16%.
☆ American Airlines forecasts stronger fourth-qtr profit on travel demand
  + stars: | 2022-10-20 | by ( Rajesh Kumar Singh Aishwarya Nair | Rajesh Kumar Singh | Aishwarya Nair | ) www.reuters.com   time to read: +2 min
Oct 20 (Reuters) - American Airlines Group Inc (AAL.O) on Thursday forecast that fourth-quarter profit would exceed analyst estimates after posting better-than-expected earnings in the third quarter, as demand for travel remained resilient despite higher airfare and growing risks of an economic recession. American is the latest airline to provide an upbeat forecast even as a worsening economic outlook has sparked worries about travel spending. Carriers, however, say an unquenched thirst for travel, hybrid work arrangements and limited airline capacity would keep their business humming. American said demand for domestic and short-haul international travel is "very strong", and lifting of travel restrictions and testing requirements around the globe are expected to further drive up long-haul international traffic. Adjusted profit for the third quarter came in at 69 cents per share, topping analysts' expectations of 56 cents a share.
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