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REUTERS/Eduardo Munoz/File PhotoWASHINGTON, Aug 9 (Reuters) - U.S. regulators said on Wednesday they will extend temporary cuts to minimum flight requirements at congested New York City-area airports and Washington National Airport through Oct. 28, citing air traffic controller staffing issues. Major airlines on Monday sought an extension of the waiver, saying air traffic staffing levels in a key New York air traffic sector have not "meaningfully improved." A government audit in June said the FAA faces critical air traffic staffing and disclosed New York TRACON staffing was at 54% compared with optimal levels. Airlines for America, an industry trade group said air traffic control staffing and extreme weather "are unique circumstances beyond our control." Last summer, there were 41,498 flights from New York airports where FAA air traffic control staffing was a contributing factor in delays.
Persons: Eduardo Munoz, David Shepardson, Marguerita Choy Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Washington National Airport, Federal Aviation Administration, Delta Air Lines, FAA, New York, Airlines for America, Philadelphia, Thomson Locations: York, Newark , New Jersey, U.S, New York City, New York, NYC, Chicago, Newark
[1/2] The Pratt & Whitney logo is seen on the side of an engine at the Farnborough International Airshow, in Farnborough, Britain, July 20, 2022. With more than 40 airplanes in its fleet, airBaltic is the second-largest operator of A220s after Delta Air Lines (DAL.N). Assuming that it stays like this, I would say that at the end of 2024 we should have net zero missing engines." I don't see us going back to zero (missing engines) before the end of next year," he said. Gauss said in June airBaltic is in talks with Airbus to buy 30 more A220s as it prepares for a possible IPO next year.
Persons: Pratt, Whitney, Peter Cziborra PARIS, Martin Gauss, Gauss, airBaltic, Tim Hepher, David Gregorio Our Organizations: Farnborough, REUTERS, Pratt & Whitney, Airbus, Reuters, Delta Air Lines, Thomson Locations: Farnborough, Britain, Latvian
Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarAug 9 (Reuters) - Wheels Up Experience (UP.N) said on Wednesday there was "substantial doubt" about its ability to continue operations, even as it disclosed short-term funding from Delta Air Lines (DAL.N), sending its shares plunging 42%. North American business flights were down 3.6% compared with July 2022, according to data from Argus International. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note to Wheels Up, which is pursuing strategic partnerships. Wheels Up, which canceled an earnings call scheduled for Wednesday, said U.S. private jet operator Airshare had entered into a non-binding agreement with the company to acquire its non-core aircraft management business.
Persons: Mike Segar, Delta, Ed Bastian, Airshare, Shivansh, Allison Lampert, Rajesh Kumar Singh, Vinay Dwivedi, Mark Potter Organizations: Delta Airlines, LaGuardia Airport, REUTERS, Delta Air Lines, Argus International, Delta, Airshare, Thomson Locations: Queens, New York City , New York, U.S, American, Bengaluru, Montreal
Consumers have more cash on hand now than before the pandemic, according to a July analysis from the JPMorgan Chase Institute. So, what do corporate earnings reveal about the health of the consumer? “The consumer is in good financial shape, particularly the premium consumer base that we target,” Ed Bastian, chief executive of Delta Air Lines (DAL), said last month. “Both the lower-income consumer and our higher-income consumers are showing really good strength,” said Brian Niccol, chief executive of Chipotle, during the company’s post-earnings call. “The macro effects of higher inflation and a slowing US economy have put increased pressure on the price-sensitive consumer,” said Chip Bergh, chief executive of Levi Strauss.
Persons: Taylor Swift’s, ” Ed Bastian, , Robert Jordan, “ We’re, Laxman Narasimhan, Chipotle, Brian Niccol, Levi Strauss, LEVI, Chip Bergh, , Tarang Amin, Zachary Kirkhorn, Peter Valdes, Kirkhorn, Tesla, Elon Musk’s, Vaibhav, Read, Jennifer Korn, it’s, Google Organizations: CNN, JPMorgan Chase Institute, Airlines, Consumers, Delta Air Lines, DAL, Southwest Airlines, Papa Johns, Apparel, Tesla, Google Locations: United States, Pacific, Papa Johns ’ North, bitcoin
CNN —More than 1,100 flights have been canceled Monday across the United States – and more than 3,000 delayed – as severe weather threatens many eastern states. As of Monday afternoon, almost 100 outbound flights have been canceled, and more than 250 have been delayed. Nearly 700 Southwest flights have been delayed, according to FlightAware, and more than 180 have been cancelled. Around 120 million people in the Eastern US could be impacted by severe weather Monday. The FAA said today it has limited ability to direct New York flights north through Canadian airspace because of “staffing issues” in Canada.
Persons: New York’s LaGuardia, John F Organizations: CNN, Hartsfield, Jackson, New York’s, Kennedy, Delta Air Lines, Delta, Federal Aviation Administration, FAA Locations: United States, Baltimore’s, Atlanta, Delta, New York, Philadelphia, Washington, D.C, Florida, Canada
REUTERS/Eduardo Munoz/File PhotoWASHINGTON, Aug 7 (Reuters) - Major U.S. airlines on Monday asked the Federal Aviation Administration to extend cuts to minimum flight requirements at congested New York City-area airports and a Washington airport, citing a lack of adequate air traffic control staffing. Airlines can lose their slots at congested airports if they do not use them at least 80% of the time. In the Airlines for America letter, the group said air traffic control staffing and extreme weather "are unique circumstances beyond our control." In June, a government audit said the FAA faces critical air traffic staffing shortages and "lacks a plan to address them." Last summer there were 41,498 flights from New York airports where air traffic control staffing was a contributing factor in delays.
Persons: John F, Eduardo Munoz, David Shepardson, Leslie Adler, Matthew Lewis, David Gregorio Our Organizations: Kennedy International, REUTERS, Major U.S, Monday, Federal Aviation Administration, FAA, Delta Air Lines, United Airlines, Washington National Airport, Airlines for America, Reuters, Airlines, Newark Liberty International Airport, New, Philadelphia, America, Thomson Locations: New York City, U.S, Major, Washington, New York, Chicago, Newark
A new private, luxury terminal for people taking commercial flights is scheduled to open on September 6 at Hartsfield-Jackson Atlanta International Airport, according to operator PS in a news release. It’s the second one under the PS umbrella, with a similar private terminal having been open at LAX in Los Angeles since 2017. What a PS terminal offersThe Salon allows customers at LAX to wait for their commercial flights in high style. Like the LAX terminal, the ATL terminal will have its own private access road and parking. PS LAXReservations are already being accepted for PS Atlanta.
Persons: You’ll, , Amina Porter, you’re, Guy, Royal Champagne Organizations: Atlanta CNN, Hartsfield, Jackson Atlanta International Airport, LAX, Atlanta Department of Aviation, Fort, Miami International Airport, ATL, TSA, BMW, Flyers, PS Atlanta, Delta Air Lines Sky Club Locations: Los Angeles, Atlanta, Dubai, Frankfurt, London’s Heathrow, United States, Dallas, Fort Worth, DFW, Royal
Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.
Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois
A Delta Air Lines flight evacuated passengers using emergency inflatable slides after the tires burst. Video footage shows that the tires had caught fire and were being sprayed with water after landing. Passengers onboard a Delta Air Lines flight to Atlanta were forced to evacuate after the aircraft's tires burst and caught fire whilst landing, according to various reports including Fox5 Atlanta and Sky News. Video footage shared by Fox5 shows the plane surrounded by emergency vehicles and being sprayed with water. Delta Air Lines did not immediately respond to Insider's request for comment about the incident.
Organizations: Delta Air Lines, Federal Aviation Administration, Morning, Passengers, Sky News, Richmond International Airport, Hartsfield, Jackson Atlanta International Airport, FAA Locations: Atlanta, Virginia
Frontier Airlines was the most likely of the 15 largest US carriers to bump people from flights in early 2023. A further 3,395 were voluntarily denied boarding and 2,442 were involuntarily denied boarding. The data covers domestic US flights and international flights that departed from the US, and doesn't include passengers who were involuntarily denied boarding for other reasons. These are how the 15 carriers rank in terms of the proportion of passengers involuntarily bumped, per ATCR data:Frontier Airlines Envoy Air Spirit Airlines PSA Airlines American Airlines Skywest Airlines Republic Airways Southwest Airlines Alaska Airlines Jetblue Airways United Airlines Hawaiian Airlines, Endeavor Air, Allegiant Air, Delta Air LinesFrontier says on its website that in the event of an overbooked flight, passengers who volunteer to give up their seats get "alternative travel accommodations" as well as a Frontier voucher. "It is our goal to find enough volunteers so that no customers are denied boarding involuntarily," the airlines says.
Organizations: Frontier Airlines, Endeavor, Frontier, Travel, Department of Transportation's, of Aviation Consumer Protection, June's, Consumer, Airlines, Envoy Air, Delta Air Lines, Endeavor Air, Hawaiian Airlines, Frontier Airlines Envoy Air Spirit Airlines PSA Airlines American Airlines Skywest Airlines Republic Airways Southwest Airlines Alaska Airlines Jetblue Airways United Airlines Hawaiian Airlines, Allegiant Locations: Delta
Before the pandemic hit in 2020, corporate travel was the travel industry's cash cow. Investors in travel companies are concerned that the spending from vacationers cannot make up the shortfall. For months, Alaska Air's (ALK.N) business bookings have been 25% below pre-pandemic levels. JetBlue Airways (JBLU.O) said on Tuesday it will redeploy capacity away from New York to high-margin leisure destinations with business travel demand 20% below pre-pandemic levels. Recent passenger screening and fare data shows U.S. travel demand has peaked, hurting the carriers' pricing power.
Persons: Ronald Reagan, Kevin Lamarque, Shane Tackett, Bob Jordan, Kevin Kopelman, Luis Gallego, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Rajesh Kumar Singh, Doyinsola Oladipo, Sarah Young, Joanna Plucinska, David Gaffen, Matthew Lewis Organizations: Ronald Reagan Washington National Airport, REUTERS, U.S, Investors, Airlines for America, Reuters, JetBlue Airways, Southwest Airlines, Marriott, MasterCard, Delta Air Lines, American Airlines, NYSE, Cowen, British Airways, IAG, Google, JPMorgan, Thomson Locations: Ronald Reagan Washington, Arlington , Virginia, U.S, Alaska, Seattle, Mexico, Costa Rica, California, New York, Asia, Pacific, Europe, Chicago, London
A Spirit Airlines jet taxis from Newark Liberty International Airport in Newark, New Jersey, U.S. December 6, 2019. REUTERS/Chris Helgren/File PhotoAug 3 (Reuters) - U.S. travel stocks fell in early trading on Thursday following downbeat quarterly reports from Spirit Airlines (SAVE.N) and Expedia (EXPE.O) that amplified concerns domestic demand may be easing after a strong rebound from pandemic lows. Spirit, which mainly operates on domestic routes, also forecast weaker-than-expected revenue for the third quarter, with Citi analysts citing the effect from travel demand shifting to international from domestic. Adding to the gloom, online travel firm Expedia Inc (EXPE.O) reported smaller-than-expected bookings for the second quarter, even as it said travel demand remained "strong." "We believe this is further evidence of softening in U.S. travel demand trends while international growth continues to outperform," Wedbush analyst Scott Devitt said in a note.
Persons: Chris Helgren, Gross, Scott Devitt, airfares, Priyamvada, Kannaki, Pratyush Thakur, Sriraj Organizations: Spirit Airlines, Newark Liberty International Airport, REUTERS, Citi, Southwest Airlines, Alaska Air, Delta Air Lines, United Airlines, American Airlines, Expedia Inc, Thomson Locations: Newark , New Jersey, U.S, Southwest, Bengaluru
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
Southwest Airlines , Alaska Airlines and American Airlines are among the carriers that have forecast slower revenue growth or weakness for the third quarter, despite strong demand. The NYSE Arca Airline index is down more than 6% this week, slimming its gains to 37% so far this year. Southwest on Thursday said it expects unit revenue to drop as much as 7% in the current quarter from a year ago on a 12% increase in capacity. An airline's revenue per available seat mile is a measure of how much a carrier generates compared with how much capacity they're offering. Meanwhile, Alaska Airlines this week forecast third-quarter revenue ranging from flat to up 3% and unit revenues down about 9% "at the midpoint," with capacity up as much as 13% compared with last year.
Persons: Hopper, Ben Minicucci Organizations: Southwest Airlines, Alaska Airlines, American Airlines, NYSE, Airline, Domestic, Southwest, Delta Air Lines, United Airlines Locations: airfare, Dallas, Alaska, Europe, Asia
Bill Miller, the value investor known for once beating the market for 15 years in a row, is also well recognized as an early investor in bitcoin and Amazon . Miller made his name by running the Legg Mason Capital Management Value Trust, which beat the S & P 500 every year from 1991 to 2005. He left Legg Mason to found Miller Value Partners in 2012 after the fund suffered steep losses and an exodus of assets during the financial crisis. Samantha McLemore, Miller's longtime co-manager, will assume management of Miller Opportunity Trust through her firm Patient Capital. His eldest son, Bill Miller IV, will become the lead manager for the Miller Income Fund.
Persons: Bill Miller, Miller, Legg Mason, Jeff Bezos, MacKenzie Scott, bitcoin, who's, Samantha McLemore, Miller's, Bill Miller IV Organizations: Legg Mason Capital Management Value Trust, Miller Value Partners, Amazon, Opportunity Trust, Morningstar, Delta Air Lines, Cruise Line, Big Tech, Miller Opportunity Trust, Capital, Miller Income Fund Locations: bitcoin
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
Shares of RTX tumbled 14% Tuesday after the aerospace giant said a manufacturing problem with some of its popular engines will require "accelerated" inspections on about 200 airplane engines. The problem stems from powdered metal used to make some engine parts, RTX, the parent of airplane engine maker Pratt & Whitney, said during a quarterly earnings call. RTX, previously known as Raytheon Technologies, trimmed its cash-flow outlook for the year by $500 million to $4.3 billion due to the problem. "It's going to be expensive," RTX CEO Greg Hayes said during an earnings call. Pratt & Whitney said that it also expects about 1,000 more engines will have to be removed from airline fleets over the next nine to 12 months.
Persons: Pratt, Whitney, RTX, Greg Hayes, Airbus didn't Organizations: Whitney, Airbus A320neo, Airbus Group, Pratt, Raytheon Technologies, Boeing, Max, Federal Aviation Administration, FAA, Delta Air Lines, Airbus Locations: Hamburg, Germany, RTX
The so-called meme stock trade is gaining steam once again, and several of the most popular stocks among social media traders have serious upside, according to Wall Street analysts. A quick way to check the pulse of social media-driven traders is the Roundhilll Meme Stock ETF (MEME) . The meme stock with the most upside, according to Wall Street analyst targets compiled by FactSet, is battery manufacturer Enovix . Airlines may not be obvious meme stocks, but Delta Air Lines and Spirit Airlines are both holdings in the fund. To be sure, Wall Street analysts are bullish on fewer than half of the holdings in the MEME ETF.
Persons: Enovix, Dave Portnoy Organizations: Wall Street, GameStop, AMC Entertainment, Wall, Penn Entertainment, Penn, Barstool Sports, YouTube, Airlines, Delta Air Lines, Spirit Airlines, Consumer
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
But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and remain cautious in forecasting demand and revenue. American Airlines (AAL.O) Chief Financial Officer Devon May attributed the challenge to the difficulty in forecasting demand. Worries about future demand were a reason American Airlines' stock fell 6% on Thursday even after it raised its full-year earnings forecast. It was a risky bet as booking data from the previous quarter had shown customers were booking trips well in advance. Delta said Southern Europe's summer travel season is now longer than it used to be, prompting the airline to adjust its network.
Persons: Devon, We're, United, United's, Andrew Nocella, Henry Harteveldt, Harteveldt, Rahul Sen Sharma, Sharma, Ed Bastian, Delta, Glen Hauenstein, Rajesh Kumar Singh, Ben Klayman, Matthew Lewis Organizations: Consumers, American Airlines, Reuters, United Airlines, Atmosphere Research, Airlines, Air Lines, Thomson Locations: Southern, Chicago
She later added, “I am just shook.”In a clip posted by Ms. Garvin, the captain appears to make an announcement apologizing to those aboard for the extreme heat. Others reported that Delta had not provided them with any water and that the bathrooms had been closed. Delta Air Lines did not immediately respond to requests for comment on Thursday night but told ABC News it was investigating the incident. “We apologize for the experience our customers had on Flight 555 from Las Vegas to Atlanta on July 17, which ultimately resulted in a flight cancellation,” the company said in a statement. “Delta teams are looking into the circumstances that led to uncomfortable temperatures inside the cabin, and we appreciate the efforts of our people and first responders at Harry Reid International.”
Persons: , Garvin, Ms, Delta, Harry Reid, Organizations: Delta Air Lines, ABC News, “ Delta, Harry, Harry Reid International Locations: Las Vegas, Atlanta
WASHINGTON, July 20 (Reuters) - U.S. Transportation Secretary Pete Buttigieg said the department was investigating why Delta Air Lines (DAL.N) passengers remained on board a plane at the Las Vegas airport that sat on the tarmac in extreme heat on Monday, citing reports that the plane sat there for four hours. "I want to know how it was possible for passengers to be left in triple-digit heat onboard an aircraft for that long," Buttigieg told Reuters on Thursday, calling the issue "infuriating" and "shocking." During tarmac delays, airlines must provide comfortable cabin temperatures and begin moving the plane within three hours of a delayed domestic flight to a location where passengers can exit. Fox News reported passengers were waiting in 111 degree Fahrenheit (43.8 Celsius) heat with no air conditioning when the pilot announced the plane was returning to the gate citing multiple emergencies. Delta said it apologized directly to passengers on the flight, adding they had received compensatory gestures and were accommodated on other flights.
Persons: Pete Buttigieg, Buttigieg, Delta, David Shepardson, Leslie Adler, Josie Kao Organizations: . Transportation, Delta Air Lines, Las, Reuters, Fox News, Thomson Locations: Las Vegas, Atlanta
The vote in the Republican-led House was 351-69 to pass the bill that would reauthorize U.S. Federal Aviation Administration (FAA) aviation safety and infrastructure programs for the next five years. The Air Line Pilots Association has said hiking the retirement age could cause airline scheduling and pilot training issues and require reopening pilot contracts. The White House said this week it opposed a House bill provision that would rescind a 2012 Transportation Department regulation requiring airlines to advertise full fares including government fees and taxes. The House measure would bar airlines from charging fees to allow families to sit together on flights. The House opted to retain pilot training rules that were adopted after a 2009 fatal passenger airplane crash near Buffalo.
Persons: Joe Biden, David Shepardson, Will Dunham, Jonathan Oatis Organizations: U.S . House, Senate, Republican, . Federal Aviation Administration, FAA, Air Line Pilots, Regional Airline Association, Transportation, Washington Reagan National Airport, Delta Air Lines, Airlines for America, Democratic, Colgan Air, U.S, Thomson Locations: United States, Buffalo
U.S. House passes aviation bill upping pilot retirement age to 67
  + stars: | 2023-07-20 | by ( ) www.cnbc.com   time to read: +2 min
The Air Line Pilots Association has said hiking the retirement age could cause airline scheduling and pilot training issues and require reopening pilot contracts. The White House said this week it opposed a House bill provision that would rescind a 2012 Transportation Department regulation requiring airlines to advertise full fares including government fees and taxes. The House measure also did not include a provision sought by President Joe Biden to compensate passengers for delays or set minimum airline seat sizes. The House measure would bar airlines from charging fees to allow families to sit together on flights. The House opted to retain pilot training rules that were adopted after a 2009 fatal passenger airplane crash near Buffalo.
Persons: Joe Biden Organizations: United Airlines, Newark Liberty International Airport, U.S . House, Senate, Republican, . Federal Aviation Administration, FAA, Air Line Pilots, Regional Airline Association, Transportation, Washington Reagan National Airport, Delta Air Lines, Airlines for America, Democratic, Colgan Air, U.S Locations: Newark , New Jersey, United States, Buffalo
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
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