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☆ 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

☆ American Airlines earnings outlook disappoints, shares fall
▼ + stars: | 2023-07-20 | by ( Shivansh Tiwary | ) www.reuters.com time to read: +1 min

July 20 (Reuters) - Shares of American Airlines (AAL.O) fell on Thursday as its outlook for the second half of the year disappointed investors even as the company lifted its full-year profit forecast and posted higher-than-expected quarterly earnings. American forecast adjusted profit of $3.00 to $3.75 per share for 2023 compared with its prior outlook of $2.50 to $3.50 per share. But some analysts said the outlook suggested a slowdown in the company's earnings in the second half compared with the first six months of the year. American's revenue forecast also suggested airline ticket prices for domestic travel have peaked, fueling worries about the company's ability to offset cost pressure. Adjusted earnings for the second quarter came in at $1.92 per share, above analysts' consensus earnings estimate of $1.59, according to a Refinitiv survey.

Persons: Stephen Trent, American's, Robert Isom, Shivansh, Arun Koyyur, Stephen Coates Organizations: American Airlines, Citi, United Airlines, Thomson Locations: Bengaluru

☆ American Airlines raises 2023 profit forecast after strong second quarter
▼ + stars: | 2023-07-20 | 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 on Thursday raised its earnings outlook for 2023 after a strong start to the peak travel season, the latest airline to reap the rewards from the continued boom in demand. That updated 2023 profit guidance falls in line with Wall Street expectations of $3.10, according to Refinitiv consensus estimates. For the third quarter, American expects to earn an adjusted 85 cents to 95 cents per share, in line with estimates. Adjusting for one-time items, including costs associated with planes retired early in the pandemic, the company earned $1.37 billion, or $1.92 per share.

Persons: Robert Isom, CNBC's Phil LeBeau Organizations: Boeing, American Airlines, Airline, United, Refinitiv Locations: Barcelona, Fort Worth - Texas

☆ US airlines see no letup in travel demand despite broader economic concerns
▼ + stars: | 2023-07-20 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

CHICAGO, July 20 (Reuters) - A rush among travelers to make up for lost time during the pandemic is producing bumper airline earnings. United Airlines (UAL.O) and Delta Air Lines (DAL.N) have also raised their earnings estimates as consumers cut spending on goods in favor of experiences. "It's indicative of our belief that the economy is strong, demand is strong," American CEO Robert Isom said on an earnings call. Strong demand has bolstered airfares, allowing carriers to offset higher costs. They point to frequent upgrades to airline earnings forecasts as an evidence of strong travel spending.

Persons: Robert Isom, Scott Kirby, Rajesh Kumar Singh, Nick Zieminski Organizations: U.S, American Airlines, United Airlines, Delta Air Lines, U.S . Transportation, Airline, Thomson Locations: Texas, U.S, Europe

☆ A Record 100,000 People in New York Homeless Shelters
▼ + stars: | 2023-06-28 | by ( Andy Newman | ) www.nytimes.com time to read: +1 min

Of the 50,000 now in shelters, more than two-thirds are families with children. At the same time, the city’s nonmigrant homeless population may also be growing. When Mr. Adams took office, there were 45,000 people in the city’s main shelter system. (At least 17,000 migrants are in facilities outside the main shelter system, the city says, which include large hotels and other venues set up especially to house them.) In all, about 1 in 80 people in the nation’s largest city do not have a permanent place to live.

Persons: Anne Williams, Isom, “, Adams Locations: New York City

May 31 (Reuters) - American Airlines Group (AAL.O) will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp (JBLU.O), American CEO Robert Isom said on Wednesday. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference. American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim. American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Sorokin, Joe Biden's, doesn't, Rajesh Kumar Singh, David Shepardson, Diane Bartz, Deepa Babington, Lisa Shumaker Organizations: American Airlines Group, JetBlue Airways Corp, . U.S, District, Bernstein Conference, JetBlue, U.S . Justice Department, U.S, Justice Department, Thomson Locations: U.S, American, ., Boston, New York, Texas, Chicago, Washington

☆ American Airlines plans to appeal ruling that blocks JetBlue partnership, CEO says
▼ + stars: | 2023-05-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. American Airlines plans to appeal a court's recent ruling that would block its partnership with JetBlue Airways in the Northeast, American CEO Robert Isom said Wednesday. A spokesman for JetBlue declined to comment and didn't say whether the airline also planned to appeal the ruling along with American. U.S. District Judge Leo Sorokin ruled earlier this month that the airlines' partnership in the region is anticompetitive and ordered the airlines to end the partnership in 30 days. American Airlines CFO Devon May said at the same conference on Wednesday that the company didn't expect a material impact this year due to the ruling.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Joe Biden's, Biden, Sorokin, Trump, Devon May Organizations: American Airlines, JetBlue, Fort, Hollywood International Airport, Fort Lauderdale , Florida . American Airlines, JetBlue Airways, American, U.S, District, DOJ, Joe Biden's Justice Department, District of Columbia, Delta, Delta Air Lines, United Airlines, Devon, Justice Department, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Northeast, American, Boston, New York

☆ American Airlines raises profit forecast thanks to stronger demand and cheaper fuel
▼ + stars: | 2023-05-31 | 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 adjusted earnings outlook for the second quarter thanks to strong travel demand and lower fuel prices. Adjusted per-share earnings will come in between $1.45 and $1.65, American estimated Wednesday, up from a previous forecast of $1.20 to $1.40 per share. American Airlines CEO Robert Isom is scheduled to speak at the Bernstein Strategic Decisions Conference at 4:30 p.m. The airline is scheduled to report results for the second quarter at the end of July.

Persons: it's, Robert Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, American, JetBlue Airways Locations: Miami , Florida, Fort Worth , Texas

☆ American Airlines, pilots reach preliminary labor deal
▼ + stars: | 2023-05-19 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane prepares to land at the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines and its pilots have reached a preliminary agreement for a new four-year labor contract after months of tense negotiations, a milestone for the country's biggest carrier. The airline was prepared to offer 40% cumulative raises in a four-year deal, American Airlines CEO Robert Isom said in March. American Airlines CEO Robert Isom said in March. Pilots at United Airlines , Southwest Airlines and FedEx are still in negotiations.

☆ As Crisis Grows, All of New York’s Migrant Plans Are Met With Outrage
▼ + stars: | 2023-05-18 | by ( Liam Stack | Jeffery C. Mays | ) www.nytimes.com time to read: +1 min

Now, the daily stream of migrants feeding the crisis has doubled in size in recent weeks, city officials say. With no clear solutions at hand, the city turned to shelter some migrants in public school gyms starting last week. That plan, like many others before it, was almost immediately met with outrage — not only from activists and human right groups, but also from public school parents and the ranks of everyday New Yorkers. On Wednesday, the city began to distance itself from that proposal, too. More than 67,000 migrants have arrived in New York City since the crisis began.

☆ Etsy launches wedding registry service for handmade gifts in wake of Bed Bath & Beyond bankruptcy
▼ + stars: | 2023-05-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Etsy launched a wedding registry service Wednesday. The move comes as some stores roll back wedding registry services and on the heels of Bed Bath & Beyond's bankruptcy. In conjunction with the launch of the registry service, Etsy published several blog posts outlining popular wedding trends and gift ideas. Personalized wedding and bridal gifts have long been popular on Etsy and frequently showcased in gift guides. Other recent retail closures, restructurings, and bankruptcy filings from companies like JCPenney, Lord & Taylor, Barneys, and Neiman Marcus have also impacted the registry market, retail expert Burt Flickinger told CNN.

☆ Etsy is wasting no time jumping into the wedding registry business
▼ + stars: | 2023-05-10 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

While Bed Bath and Beyond and its popular wedding registry service teeter on the edge, Etsy is stepping in to fill any potential void. Etsy announced on Wednesday that the online marketplace for handcrafted items is launching its own wedding registry. In addition to selecting registry items from Etsy’s vast offerings of handmade and vintage items, the company said the Etsy Registry will also provide couples with a personalization service for nuptial-related paraphernalia, such as wedding decor and bridal party items. “So, launching Etsy Registry was a natural next step,” she said. Etsy has launched its own wedding registry called Etsy Registry.

☆ American Airlines pilots vote for potential strike while airline says negotiations are progressing
▼ + stars: | 2023-05-01 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Pilots talk as they look at the tail of an American Airlines aircraft at Dallas-Ft Worth International Airport. American Airlines pilots have voted overwhelmingly to allow their labor union to call a strike while the carrier said talks for a new contract are getting close to a conclusion. More than 96% of American's pilots participated in the vote and 99% of them voted to allow the union to call a strike, the Allied Pilots Association said Monday. The APA called the strike authorization vote in March as talks for a new deal dragged on. A spokeswoman for American Airlines said the carrier believes a deal is "within reach" and that a "handful" of issues are left to complete.

☆ American Airlines CEO Robert Isom: I see a very positive summer
▼ + stars: | 2023-04-27 | 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 a very positive summerAmerican Airlines CEO Robert Isom joins CNBC's Phil LeBeau on 'Squawk Box' to discuss the company's first-quarter earnings results, summer travel demand, and more.

☆ American Airlines ekes out a first-quarter profit as carrier ramps up flying
▼ + stars: | 2023-04-27 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. American Airlines posted a $10 million profit in the first quarter as it ramped up flying and a jump in revenue outpaced higher costs. Excluding charges associated with debt refinancing, American earned an adjusted 5 cents per share during the first quarter, in line with analysts' expectations. For the second quarter of the year, American forecast adjusted per-share earnings of $1.20 to $1.40, at the high-end of analysts' expectations. American CEO Robert Isom said late aircraft deliveries from manufacturers are hindering the carrier's growth.

☆ Airlines are combating the pilot shortage by paying pilots more, making it easier to become one, and hiring from Australia
▼ + stars: | 2023-04-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

An ongoing pilot shortage has plagued US airlines since travel came roaring back post-pandemic. While some organizations — like the Regional Airline Association advocacy group — have praised the legalization, the Air Line Pilots Association has opposed it, Reuters reported. Increasing pilot payRegional flying has been particularly impacted by the pilot shortage, forcing airlines to slash dozens of flights to small markets and even ground regional jets. Other regional carriers like Mesa Airlines, Republic Airways, and Delta's wholly-owned airline Endeavor Air have also gotten pay increases. Lowering training requirementsRegional carrier Republic recently asked the FAA to reduce the flight hour requirement for pilots graduating from its LIFT pilot training academy.

☆ American Airlines pilots 'near' reaching agreement on new contract - union memo
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, April 3 (Reuters) - Pilots at American Airlines (AAL.O) are "near" reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters. American pilots, who received their last pay increase in 2019, have been protesting for a new contract. Both American Airlines and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. "Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines' operation," the APA said. American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.

CHICAGO, March 14 (Reuters) - U.S. airlines on Tuesday tried to reassure investors about the strength of travel demand, a day after United Airlines (UAL.O) stoked worries about the industry's pricing power. Even as executives in other sectors of the economy have warned of recession risks, airline chief executives until now have remained upbeat as consumer travel demand stayed strong. Delta reaffirmed its first-quarter outlook, saying travel demand is strong and getting stronger. American Airlines (AAL.O) CEO Robert Isom said the Texas-based carrier was enjoying "tremendous" demand. Airline ticket prices have gone up due to persistent capacity constraints and an unending thirst for travel after pandemic-related restrictions ended.

☆ American Airlines pilots' union calls strike authorization vote as contract talks continue
▼ + stars: | 2023-03-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Pilots talk as they look at the tail of an American Airlines aircraft. American Airlines pilots' union plans to hold a vote next month on whether to allow members to call a strike as talks for a new labor contract continue. "While our Negotiating Committee reports good progress, we remain steadfast and focused that now is the time to reach an agreement with American Airlines," the American Airlines pilots' union said Thursday. They had approved a strike authorization vote in the fall, about a month before reaching a preliminary deal with the company. Even if American pilots' union called a strike it would not be immediate; airline strikes are extremely rare in the U.S. and would follow a lengthy process involving federal mediators.

☆ American Airlines prepared to match Delta's pilot pay rates, CEO says
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, March 7 (Reuters) - American Airlines (AAL.O) is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines (DAL.N) has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract. Total pay increases in the fourth year of the contract deal would be 40%, he said.

☆ American Airlines CEO tells pilots the carrier will match Delta's pay
▼ + stars: | 2023-03-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

FILE - American Airlines President Robert Isom speaks at a news conference about the company's new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom. American Airlines is prepared to raise pilots' wages to match that of Delta Air Lines ' pilots in a new contract, including 40% cumulative pay increases in a four-year deal, CEO Robert Isom said in a message to pilots. "Let me be clear, American is prepared to match Delta's pay rates and provide American's pilots with the same profit-sharing formula as Delta's pilots," Isom said in the message to pilots, sent on Tuesday and seen by CNBC. The Allied Pilots Association, American Airlines pilots' union, didn't immediately comment on Isom's statement.

☆ American Airlines Chairman Doug Parker Plans to Retire
▼ + stars: | 2023-02-23 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

Doug Parker earlier gave up his role as the airline’s chief executive. Doug Parker , a deal maker who helped build American Airlines Group Inc. into the world’s largest airline, is retiring from the carrier’s board, closing a chapter in his decadeslong career in the industry. Mr. Parker stepped down as American’s chief executive last year, handing the reins to then-President Robert Isom . At the time, Mr. Parker said he would remain on as chairman for some period of time, but would have no executive duties.

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

That number includes both rocket launches and capsule reentries, and has been steadily climbing. A Falcon Heavy rocket launches the USSF-67 mission on January 15, 2023 from NASA's Kennedy Space Center in Florida. "Air space is going to be a critical, critical issue," Isom said, calling on new industries to contribute to the cost of air traffic control. A graph of FAA-licensed or permitted commercial space launches (excludes launches licensed by other U.S. government agencies, such as NASA or the Department of Defense). Together they create a moving target for space launches and the commercial airlines eyeing the same air space.

Jan 26 (Reuters) - U.S. airlines expect strong travel demand that drove record fourth-quarter revenues to continue into 2023, but economic uncertainty and burgeoning labor and operations costs could cloud their rosy outlooks. On Thursday, American Airlines (AAL.O), JetBlue Airways Corp (JBLU.O) and Alaska Air Group (ALK.N) forecast better-than-expected full-year earnings. JetBlue forecast expenses excluding fuel to rise 1.5% to 4.5% in 2023. China's recent reopening may also boost international travel, but demand remains uncertain and U.S. airlines face challenges toward cashing in. American Airlines forecast an adjusted profit of $2.50 to $3.50 per share for 2023, handily beating analyst expectations of $1.77, according to Refinitiv data.

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