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It's all piling up, and aircraft engine shops around the world are overflowing. American Airlines ' solution is to do more of the work itself. "We just have one customer and that's American Airlines doing our work," American's chief operating officer, David Seymour, said. GE Aerospace brought in $11.7 billion from engine maintenance, repairs and overhaul in the first half of 2024, making up 65% of its revenue. An airplane engine at American Airlines' test cell in Tulsa, Oklahoma.
Persons: David Seymour, Tulsa , Oklahoma Erin Black, It's, France's Safran, Seymour, Leslie Josephs, Thomas Toepfer, Kevin Michaels, Martin Gauss, Pratt, that's, Advisory's, Erin Black, Michaels Organizations: Boeing, Airbus, Alton Aviation Consultancy, GE Aerospace, GE, Pratt & Whitney, Royce, American Airlines, Airlines, CFM, CNBC, Tulsa International Airport, American, JetBlue Airways, Spirit Airlines Locations: TULSA, Okla, Tulsa , Oklahoma, Tulsa, American's, Riga, Latvia
REUTERS/Nick Oxford/FilesSept 28 (Reuters) - Labor unions and some U.S. lawmakers are pressing airlines not to resume stock buybacks after a COVID assistance prohibition expires this week. Register now for FREE unlimited access to Reuters.com RegisterAviation unions launched a campaign in August to pressure airlines against stock buybacks. Airlines for America, a trade group, said airlines are in full compliance with the payroll assistance program. American Airlines (AAL.O) received $12.6 billion, Delta Air Lines (DAL.N) $11.9 billion, United Airlines (UAL.O) $10.9 billion and Southwest Airlines (LUV.N) $7.2 billion. Out of $54 billion, airlines must repay $14 billion, or 26.2% of the funding.
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