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Spirit Airlines canceled about 100 flights on Friday after pulling some planes out of service for inspections, and the airline expects the disruptions to last several days. “We’ve cancelled a portion of our scheduled flights to perform a necessary inspection of a small section of 25 of our aircraft,” Spirit said in a statement. About half of the Spirit cancellations were at Florida’s Orlando International Airport, where Spirit is the second-largest carrier. Spirit, which is based in Miramar, Florida, has canceled more than 3,600 flights this year, or 1.5% of its schedule. That is lower than the 2% cancellation rate at Frontier Airlines, a similar budget carrier, and rates for JetBlue Airways and United Airlines.

Persons: “ We’ve Organizations: Spirit Airlines, Federal Aviation Administration, ”, FAA, European, Airbus, Florida’s Orlando International Airport, Frontier Airlines, JetBlue Airways, United Airlines Locations: U.S, Miramar , Florida

☆ United Airlines forecasts weaker quarterly profit on higher costs
▼ + stars: | 2023-10-17 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsCHICAGO, Oct 17 (Reuters) - United Airlines Holdings (UAL.O) on Tuesday forecast weaker fourth-quarter earnings due to higher costs, sending its shares down more than 4%. United has said its fuel costs have climbed over 20% since mid-July. The company's average fuel bill is projected to increase by 11% in the quarter through December from the last quarter. In the December quarter, Israel accounted for 1.9% of its planned global capacity, a Reuters analysis of Cirium data showed. Adjusted profit for the third quarter came in at $3.65 per share, higher than the $3.35 estimated by Wall Street analysts.

Persons: Eduardo Munoz, Rajesh Kumar Singh, Richard Chang Organizations: United Airlines, Newark Liberty International Airport, REUTERS, Rights, United Airlines Holdings, U.S, Delta Air Lines, Wall Street, Thomson Locations: York, Newark , New Jersey, U.S, Chicago, Israel, Tel Aviv

☆ House lawmakers urge US airlines to quickly resume flights to Israel
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: 1 min

People walk next to a sign directing for Shelter after landing in Israel at the arrivals section of Ben Gurion International airport in Lod near Tel Aviv, Israel October 11, 2023 REUTERS/Marius Bosch Acquire Licensing RightsOct 13 (Reuters) - More than 30 U.S. lawmakers on Friday urged the chief executives of American Airlines (AAL.O), Delta Air Lines (DAL.N) and United Airlines (UAL.O) to resume flights to Israel "as soon as possible." The three U.S. carriers have all suspended flights to Israel citing security concerns. The letter to the CEOs Friday led by Democrat Debbie Wasserman Schultz urged the carriers "to prioritize resuming flight operations" to Tel Aviv and said lawmakers "stand ready to assist you in any way necessary to get the job done." Reporting by David Shepardson Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Ben, Marius Bosch, Debbie Wasserman Schultz, David Shepardson, Chris Reese Organizations: American Airlines, Delta Air Lines, United Airlines, Thomson Locations: Israel, Ben Gurion, Lod, Tel Aviv, U.S

☆ Delta's quarterly profit tops estimates on booming international travel
▼ + stars: | 2023-10-12 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsCHICAGO, Oct 12 (Reuters) - Delta Air Lines (DAL.N) on Thursday reported stronger-than-expected quarterly profit on strong international travel, but trimmed its full-year outlook due to higher fuel costs. In an interview, he said the demand for Delta's products remain "high" as its customers are in "a very healthy condition." Delta now expects adjusted earnings of $6 to $6.25 per share this year, compared with $6 to $7 per share estimated in July. In the December quarter, the airline expects adjusted earnings in the range of $1.05 to $1.30 per share. Ultra-low-cost carrier Spirit Airlines (SAVE.N) last month cut its profit outlook for the third quarter, citing "heightened promotional activity with steep discounting."

Persons: John F, Andrew Kelly, Ed Bastian, Delta, Stephen Trent, Hopper, airfare, Bastian, Rajesh Kumar Singh, Mehr Bedi, Jamie Freed, Arun Koyyur, Nick Zieminski Organizations: Delta Air Lines, Kennedy International Airport, REUTERS, Rights, Delta, U.S, Wall Street, Citi Research, Spirit Airlines, Frontier Airlines, Thomson Locations: Queens , New York City, U.S

U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.

Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo

☆ Airlines suspend Israel flights amid Gaza war
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +2 min

Here are airlines that have temporarily halted flights to and from Israel:AMERICASOn Sunday, U.S. carriers United Airlines (UAL.O), Delta Air Lines (DAL.N) and American Airlines (AAL.O) suspended direct flights to Tel Aviv. ASIAHainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, cancelled flights between Tel Aviv and Shanghai on Monday. EUROPEAll airlines owned by Germany's Lufthansa (LHAG.DE) cancelled flights to and from Tel Aviv through Monday. Britain's easyjet (EZJ.L) halted flights with Tel Aviv on Sunday and Monday, and would adjust the timing of flights in the next few days. Portugal's TAP cancelled flights to and from Tel Aviv scheduled for Sunday and Monday.

Persons: Britain's, Finland's, Monday . Virgin Atlantic, Alessandro Parodi, Milla Nissi, Bernadette Baum Organizations: Israeli, El, Abu Dhabi International Airport, United, United Arab Emirates, Presidential Affairs, REUTERS, Sunday, United Airlines, Delta Air Lines, American Airlines, Tel Aviv . United, ASIA Hainan Airlines, . Cathay, HK, . Korean, Germany's Lufthansa, Air France KLM, Portugal's TAP, Iberia Express, Monday . Virgin, Etihad Airways, Thomson Locations: Abu Dhabi, United Arab, Handout, Tel Aviv, Israel, U.S, ASIA, China, Shanghai, Hong Kong, Incheon, EUROPE, Madrid, Gdansk

☆ United Airlines to announce order for 110 Airbus, Boeing jets -sources
▼ + stars: | 2023-10-03 | by ( Valerie Insinna | ) www.reuters.com time to read: +2 min

A United Airlines Airbus A319-100 jet takes off from Washington National Airport in Washington, U.S., August 9, 2017. Airbus, Boeing and United declined to comment. Demand has rebounded for long distance widebody jets to meet international travel demand. Weakening pricing power in United's domestic market has sparked concerns about travel demand, reflected in airline share prices. At the time, the order sparked concerns about United Airlines' balance sheet.

Persons: Joshua Roberts, Richard Aboulafia, Jefferies, Aboulafia, Valerie Insinna, Mehr Bedi, Tim Hepher, David Shepardson, Shounak Dasgupta, William Maclean, Bernadette Baum, David Gregorio Our Organizations: United Airlines Airbus, Washington National Airport, REUTERS, Rights, United Airlines, Boeing, Airbus, Reuters, United, Air Canada, Air France, KLM, NYSE, Carriers, Thomson Locations: Washington , U.S, Washington, Bengaluru

☆ KeyBanc downgrades Apple shares to sector weight, says U.S. sales are likely to struggle
▼ + stars: | 2023-10-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

KeyBanc Capital Markets cut its rating on Apple to sector weight from overweight late Tuesday, citing the shares' high valuation as well as an expectation for soft growth in the United States. Nispel noted that Apple trades at 7.1 times premium to the Nasdaq based on enterprise value to earnings before interest, taxes, depreciation and amortization. KeyBanc also anticipates soft growth in the Americas region, noting that about 37% of Apple's revenue comes from the U.S. and that sales there are "likely to struggle." Finally, the firm anticipates fiscal 2024 revenue growth of 3.5% compared to a consensus of more than 6%. Apple shares are up nearly 33% year to date.

Persons: Brandon Nispel, Nispel, KeyBanc, — CNBC's Michael Bloom Organizations: Apple, Nasdaq Locations: United States, U.S, Americas

☆ Travel boom not enough to drive profits at US budget airlines Frontier, Spirit
▼ + stars: | 2023-09-21 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +5 min

REUTERS/Alyssa Pointer/File Photo Acquire Licensing RightsCHICAGO, Sept 21 (Reuters) - Travel boom has delivered bumper earnings for U.S. carriers, but no-frills airlines such as Frontier (ULCC.O) and Spirit (SAVE.N) are struggling to return to sustainable profitability. Frontier is watching the trend "very carefully" and would consider adding premium seats if it lasts for multiple years, he said. Frontier's Biffle called adding premium seats a "big decision" and a "fairly expensive" move. Spirit shares are down 18%. PRICE-SENSITIVE TRAVELERSCEOs of budget carriers, however, don't see the model losing its appeal as long as fares determine travel bookings.

Persons: Alyssa Pointer, Barry Biffle, Biffle, Jude Bricker, Bricker, Frontier's Biffle, Andrew Levy, Scott Kirby, Helane Becker, Cowen, Jacob Brown, Brown, Rajesh Kumar Singh, Nick Zieminski Organizations: Hartsfield, Jackson Atlanta International Airport, REUTERS, Rights, Graphics, Frontier, Reuters, Sun, Privately, Avelo Airlines, United, Delta, United Airlines, Airlines, America, Thomson Locations: Atlanta , Georgia, U.S, Europe, Asia, , Minneapolis, Denver

☆ Delta Air raises Q3 revenue forecast on rebound in transatlantic travel
▼ + stars: | 2023-09-14 | by ( ) www.reuters.com time to read: +1 min

Sept 14 (Reuters) - Delta Air Lines (DAL.N) on Thursday raised its current-quarter revenue forecast as Americans' thirst for travel to Europe lifted demand for transatlantic flights. Shares of the carrier, which also maintained its forecast for full-year profit, rose 2.7% before the bell. Transatlantic travel is the industry's most lucrative long-haul market, accounting for 11% to 20% of passenger revenue last year at the big three U.S. carriers: American Airlines (AAL.O), Delta Air Lines and United Airlines (UAL.O). The carrier said it expects third-quarter revenue to rise within the upper half of its forecast range of 11% to 14% growth. Atlanta-based Delta Air adjusted its estimate for fuel prices to a range of $2.75 and $2.90 per gallon for the current quarter, higher than the $2.50 to $2.70 per gallon it previously expected.

Persons: Mehr Bedi, Shweta Agarwal Organizations: Delta Air Lines, American Airlines, United Airlines, Delta Air, Thomson Locations: Europe, U.S, Russia, Saudi Arabia, Atlanta, Bengaluru

☆ U.S. raises Mexico air safety rating in boost for country's airlines
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +2 min

An Aeromexico airplane prepares to land on the airstrip at Benito Juarez international airport in Mexico City, Mexico. The Federal Aviation Administration (FAA) said on Thursday it has upgraded Mexico's air safety rating, a move that will allow Mexican carriers to expand U.S. routes and add new service. The downgrade was a major blow to Mexico carriers, as U.S. airlines were able to scoop up market share. Mexico overhauled its civil aviation law, but faced several hurdles and spent years in recovering the Category 1 rating. The return of Mexico to the highest aviation safety rating followed "more than two years of close work between the countries' civil aviation authorities," the FAA said in a statement.

Persons: Jorge Nuno, Aeromexico Organizations: Benito Juarez, Federal Aviation Administration, FAA, Reuters, Airlines, U.S, Mexico's, Local Locations: Mexico City, Mexico, U.S, Canada

☆ US raises Mexico air safety rating in boost for country's airlines
▼ + stars: | 2023-09-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A view shows an area of the Felipe Angeles International airport, in Zumpango, on the outskirts of Mexico City, Mexico August 25, 2022. Mexico was downgraded by the U.S. regulator in May 2021 after the agency found the country did not meet safety standards. The downgrade was a major blow to Mexico carriers, as U.S. airlines were able to scoop up market share. Mexico overhauled its civil aviation law, but faced several hurdles and spent years in recovering the Category 1 rating. The return of Mexico to the highest aviation safety rating followed "more than two years of close work between the countries' civil aviation authorities," the FAA said in a statement.

Persons: Henry Romero, Jorge Nuno, Aeromexico, David Shepardson, Valentine Hilaire, Kylie Madry, Aurora Ellis, Richard Chang, Marguerita Choy Organizations: Felipe Angeles International, REUTERS, Rights, Federal Aviation Administration, FAA, Reuters, Airlines, U.S, Mexico's, Local, Thomson Locations: Zumpango, Mexico City, Mexico, U.S, Canada

Two other defendants, American Airlines (AAL.O) and Southwest Airlines (LUV.N), previously settled for a respective $45 million and $15 million. Delta and United called their seating capacity reductions a legitimate response to reduced demand, rising fuel prices and the 2008 global financial crisis. Both carriers went through bankruptcy not long before the purported conspiracy began, with United emerging in 2006 and Delta emerging in 2007. United said it was disappointed with the judge's decision, and will seek to have it reconsidered or file an appeal. Payouts will not begin until claims against Delta and United are resolved.

Persons: Doug Parker, Gary Kelly, Scott Kirby, John Laughter, Sara Nelson, Colleen Kollar, Defendants, Kotelly, United, Jonathan Stempel, Grant McCool Organizations: American Airlines Group Inc, Southwest Airlines Co, United Airlines Holdings Inc, Delta Air Lines Inc, Delta Air Lines, United Airlines, Washington , D.C, American Airlines, Southwest Airlines, U.S . Department of Justice, Passengers, United, Delta, Antitrust Litigation, District of Columbia, Thomson Locations: U.S, Washington ,, New York

Visitor passes the Raytheon Technologies Corporation (RTX) logo at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 22, 2023. In July, RTX said a rare powder metal defect could lead to the cracking of some engine components and called for accelerated inspections affecting 200 engines by mid-September. Repair work that CEO Greg Hayes had initially expected would take 60 days is now projected to last up to 300 days per engine. An average of 350 jets could be grounded per year through 2026, with as many as 650 jets sitting idle in the first half of 2024. Disclosing higher-than-expected gross costs of $6-7 billion for dealing with the problem, RTX said it expected an up to $3.5 billion pre-tax hit to profits over the next several years.

Persons: Benoit Tessier, Pratt & Whitney, RTX, Greg Hayes, Safran, Hayes, Germany's, Robert Stallard, Valerie Insinna, Abhijith, Tim Hepher, Arun Koyyur, Nick Zieminski, Grant McCool Organizations: Raytheon Technologies Corporation, International Paris Air, Le, REUTERS, Pratt &, RTX Corp, Airbus, Pratt, Raytheon, GE, CFM, Boeing, Aero, Germany's Lufthansa, AIRBUS, U.S, Spirit Airlines, JetBlue Airways, Hawaiian Airlines, Jefferies, Vertical Research Partners, Thomson Locations: Le Bourget, Paris, France, Clayville , New York, Washington, Bengaluru

Members of the United Auto Workers union hold a rally and practice picket near a Stellantis plant in Detroit, Aug. 23, 2023. Gallup reports 71% of Americans approved of labor unions in 2022 — the highest since 1965. United Airlines struck a preliminary agreement with its pilots union last month for up to 40% raises over four years. Casey Murray, president of the Southwest Airlines Pilots Association, said frequent reassignments can wear pilots down, just as they would passengers. "They need that predictability," he said, adding that the company has made some progress in talks with the pilots' union in recent weeks.

Persons: Michael Wayland, Robert Bruno, Mario Tama, Daniel, Chris, Wells, Shawn Fain, CNBC It's, Melissa Atkins, hadn't, Johnnie Kallas, Cornell's, Casey Murray, UIUC's Bruno, it's Organizations: United Auto Workers, CNBC, UPS, Workers, Boeing, Spirit, Guild of America, Labor, University of Illinois, Striking, Paramount Studios, Getty, Cornell University School of Industrial and Labor Relations, Screen, – American Federation of Television, Radio Artists, Writers Guild of America, U.S . Bureau of Labor Statistics, Gallup, General Motors, Ford Motor, UAW, Deere, CNH, Detroit, Teamsters Union, Delta Air Lines, American Airlines, United Airlines, Netflix, Warner Bros ., WGA, SAG, Hollywood, Southwest Airlines, Southwest Airlines Pilots Association, U.S, Teamsters Locations: Detroit, Amazon, University of Illinois Urbana, Champaign, Los Angeles, Hollywood

☆ The plane ticket upgrade option most U.S. airlines don't offer
▼ + stars: | 2023-08-27 | by ( Trevor Laurence Jockims | ) www.cnbc.com time to read: +4 min

Now on many international air carrier flights there is a more civilized way to compete with fellow passengers: a seat upgrade auction. How it works is fairly simple: a week or so before a flight, passengers receive an email letting them know about potentially available seat upgrades. But no other major U.S. carriers offer upgrade auction programs. "Most major U.S. airlines offer a few ways to upgrade your flight experience, whether you're looking for extra-legroom, premium economy or business-class seats. From the airline's perspective, there will be a highest bidder, and those who don't win the auction are no worse off than before.

Persons: Zack Griff, Guy, Griff, doesn't Organizations: Spirit Airlines, Major Locations: U.S, Major U.S, Delta

But that can take time, analysts say, since airlines must manually override automated systems that raise fares in the case of higher demand. Here is a look at how airlines deal with a sudden surge in demand on a particular route. DISASTERS VERSUS HIGH DEMANDAirlines set a range of ticket prices based on factors like purchase timing and demand. They then allocate seats to each fare, explained Chris Amenechi, founder of startup SeatCash, which offers subscribers a product that predicts future flight prices. Travel site Expedia Group (EXPE.O) said air partners set flight prices and availability on its site.

Persons: Chris Helgren, Chris Amenechi, ”, Amenechi, Robert Mann, Mann, Allison Lampert, Doyinsola, Denny Thomas, Josie Kao Organizations: REUTERS, Air Canada, HIGH, CAP, Air, Expedia, Airlines, WestJet Airlines, U.S, Amtrak, Thomson Locations: Okanagan, West Kelowna, British Columbia, Canada, Yellowknife, Air Canada, Calgary, Maui, Honolulu, U.S, Washington, New York

☆ U.S., China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern 600115.SS, Xiamen Airlines and China Southern 600029.SS also fly scheduled service to the U.S., while United Airlines UAL.N, American Airlines AAL.O and Delta Airlines DAL.N currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: New York John F, Biden, USDOT, Antony Blinken's, United, Today's Organizations: Air, Air China Boeing, New York, Kennedy International Airport, U.S . Transportation Department, Reuters, Embassy, State Department, . Air, SS, Xiamen Airlines, United Airlines UAL.N, American Airlines, Delta Airlines, Airlines for America Locations: Air China, New, Jan, U.S, China, Beijing, Washington, Japan, South Korea, Australia, . Air China, Los Angeles . China, Shanghai

☆ US, China agree to double weekly flights between countries
▼ + stars: | 2023-08-11 | by ( David Shepardson | ) www.reuters.com time to read: +4 min

Sources said U.S. airlines are not expected to immediately take advantage of all 18 weekly flights. China Eastern (600115.SS), Xiamen Airlines and China Southern (600029.SS) also fly scheduled service to the U.S., while United Airlines , American Airlines (AAL.O) and Delta Airlines (DAL.N) currently operate passenger flights to China. The 24 weekly flights are still a fraction of the more than 150 round-trip flights allowed by each side before restrictions were imposed in early 2020 due to the COVID-pandemic. Previously, only eight weekly flights by Chinese carriers were allowed. Reuters reported in June Chinese airlines were avoiding flying over Russian airspace in newly approved flights to and from the U.S. but still using Russian airspace for other flights.

Persons: Dado Ruvic, Biden, USDOT, Antony Blinken's, United, Today’s, David Shepardson, Marguerita Choy Organizations: REUTERS, U.S . Transportation Department, Reuters, Embassy, State Department, . Air China, Xiamen Airlines, United Airlines, American Airlines, Delta Airlines, Airlines for America, Thomson Locations: U.S, China, Beijing, Washington, Japan, South Korea, Australia, Los Angeles . China, Xiamen, Shanghai

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

Investors have been jittery about the strength of domestic travel demand, as recent fare data shows ticket prices have peaked. Like leisure carrier Alaska Air (ALK.N), JetBlue said soaring demand for long-haul international trips has led to a drop in domestic travel. While JetBlue expects the trend to improve in the fourth quarter, around the winter holidays, it is still estimated to hurt the company's full-year earnings. JetBlue now expects full-year adjusted profit of 5 cents to 40 cents per share, compared with its previous forecast of 70 cents to $1 per share. Profit for the second quarter came in at 45 cents per share, compared with analysts' average estimate of 44 cents per share, according to Refinitiv data.

Persons: Chris Helgren, Pratt, Ursula Hurley, Rajesh Kumar Singh, Anil D'Silva, Jan Harvey Organizations: JetBlue, Newark Liberty International Airport, REUTERS, JetBlue Airways, American Airlines, NYSE, Investors, Carriers, Alaska Air, Pratt & Whitney, Airbus, Pratt, Whitney, Thomson Locations: New York City, New Jersey, U.S, York, Boston, New York, Chicago, Bengaluru

☆ A controversial hack to save on plane tickets carries a 'super big risk,' says travel expert
▼ + stars: | 2023-07-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Baona | E+ | Getty ImagesThe carrier, American Airlines, reportedly discovered the traveler's intent and canceled their ticket. When booking a flight, travelers agree to airlines' contracts, or conditions of carriage. They may have been able to sell an empty seat to another passenger, or perhaps sell a more expensive nonstop ticket to the skiplagging passenger, for example. Additionally, when travelers deviate from what's expected it messes with airlines' internal planning, flight scheduling and data science, for example, Slotnick said. Thousands of people book Skiplagging or hidden city tickets every day and we generally hear of no issues from any of them," Gellert said.

Persons: Natnan, Skiplagged.com, Baona, Slotnick, David Slotnick, Guy More, Orbitz, They're, Dan Gellert, Skipplagged.com, Gellert Organizations: American Airlines, Skiplagged.com's, Airlines Locations: Gainesville , Florida, New York, Charlotte , North Carolina, Charlotte

☆ US to 'beat up' airlines when necessary for passengers - transport chief
▼ + stars: | 2023-07-21 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

U.S. airlines have sparred with the administration in recent years over responsibility for flight delays, passenger rights, landing slots and other issues. President Joe Biden has often criticized airlines, saying in February "airlines can’t treat your child like a piece of baggage." While Buttigieg works with airlines when possible, he added: "We're going to beat 'em up when we think that's important to get passengers a better deal." United Airlines (UAL.O) CEO Scott Kirby recently suggested the Federal Aviation Administration had "failed us" before changing his tone. The Transportation Department plans to propose new rules requiring airlines compensate passengers for significant flight delays or cancellations when carriers are responsible.

Persons: Pete Buttigieg, Biden, We're, Buttigieg, Joe Biden, Scott Kirby, Michael Whitaker, David Shepardson, Jamie Freed Organizations: . Transportation, Reuters, U.S, Federal Aviation Administration, United Airlines, United, Southwest Airlines, Transportation Department, FAA, Thomson

☆ 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

☆ Airline cargo revenue is cratering. Here's why that's actually good news
▼ + stars: | 2023-07-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Leslie Josephs/CNBCAirlines' cargo revenue is slumping. Delta , United and American this month each reported year-over-year declines of about 40% in their second-quarter cargo revenue. That's a significantly smaller portion than 2020, when cargo revenue made up more than 10% of United's sales. Zoom In Icon Arrows pointing outwardsThrough June, cargo revenue made up 1.3% and 1.6% of overall revenue at Delta and American, respectively, down from 3.5% and 12% in 2020. The Baltic Air Freight Index, which tracks worldwide air cargo rates, is down 47% from a year earlier.

Persons: DAL, Leslie Josephs, United, it's Organizations: American Airlines, Philadelphia International Airport, CNBC Airlines, United, Delta, Baltic Air Freight, International Air Travel Association Locations: United, American, U.S, Europe

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