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☆ American announced one of the first routes for its new Flagship business seats deploying on Boeing 787-9s this year. It will also be its new longest flight.
▼ + stars: | 2024-02-02 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

Notably, however, American said the flight will be operated by its upcoming Boeing 787-9 Dreamliner aircraft equipped with the carrier's brand new Flagship Suite seats. AdvertisementBrisbane is so far the only route revealed to be using the new seats, American confirmed to BI. The Flagship Suite product, which was first announced in September 2022, is a redesigned version of America's "standard" business class and premium economy seats. American's new Flagship Suite on its 787 Dreamliner. American did not specify to BI if Brisbane will be the inaugural route for the new Flagship Suite seats.

Persons: Thomas, Brian Znotins Organizations: Airlines, Brisbane Airport, Fort Worth International, Boeing, BI, Airbus, American Airlines, Galeão International, DFW, Turks, Virgin Islands, Cayman, Texas, Oneworld, Australian, Qantas, Melbourne . American Airlines Locations: Texas, Australia, Dallas, DFW, American, Brisbane, Los Angeles, Sydney, Veracruz, Mexico, Rio de Janeiro, Providenciales, Caicos, St, Virgin, Maui, Hawaii, Kona, Auckland, Zealand, New Zealand, Melbourne, United States

☆ American's housing shortage won't be solved for years to come
▼ + stars: | 2024-01-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Read previewThe tight housing market has shown recent signs of easing, but Moody's Analytics still anticipates Americans will face inventory snags for years to come. Based on data from the end of December, the monthly sales pace implies 3.2 months' of housing inventory, according to the National Association of Realtors. That shortage suggests a recovery in the housing market remains years away, the researchers said. "One good year of 'excessive' supply was only in its relative term when compared with affordability-constrained demand," Moody's researchers said. Ultimately, to Moody's, increasing housing inventory and rebalancing the market will take years of "joint effort and creativity" across the public and private sectors.

Persons: —, Nick Villa, Moody's Organizations: Service, Business, National Association of Realtors, NAR

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Apple, Micron, Hershey, Dollar Tree, Qualcomm & more
▼ + stars: | 2024-01-29 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

JPMorgan upgrades Dollar Tree to overweight from neutral JPMorgan said in its upgrade of the stock that it's a "self-help" story. Bernstein upgrades Hershey to outperform from market perform Bernstein said in its upgrade of the chocolate maker that market share trends are improving. " Goldman Sachs reiterates Nvidia & Micron as buys Goldman said it's standing by shares of Nvidia and Micron. Bank of America upgrades ZoomInfo to buy from neutral Bank of America said the software company is a "self-help" story. Bernstein reiterates Qualcomm as outperform Bernstein said it's bullish heading into Qualcomm earnings later this week.

Persons: Wells, Jefferies, it's, Evercore, Bernstein, Hershey, Goldman Sachs, Goldman, Raymond James, Sherwin, Williams, Morgan Stanley, William Blair, Morgan Stanley downgrades Brown, Forman Organizations: UBS, Amazon, Amazon Web Services, Citi, Air, Deutsche Bank, TFI, Deutsche, JPMorgan, Warner Brothers Discovery, Microsoft, Meta, YouTube, Nvidia, Micron, MU, Netflix, Barclays, Apple, Colgate, Palmolive, " Bank of America, of America, Beam Therapeutics, Bank of America, Builders, Devices, AMD, Qualcomm Locations: Norfolk Southern, Atlanta

Some of the biggest analyst calls on Monday focused on a dollar store stock and a major U.S. airline. She assigned a $235 price target, which suggests shares could climb about 23.5%. The analyst maintained his buy rating and raised his price target by $30 to $455, which implies 15.4% potential upside from Friday's close. His $175 price target — down from $185 — implies 25.3% downside for the stock from Friday's close. The bank upgraded the airline to buy from neutral, raising its price target to $20 from $14.

Persons: Bernstein, Hershey, Alexia Howard, Howard, —, — Pia Singh, Jefferies, Brent Thill, Morgan Stanley, Norfolk, Ravi Shanker, Shanker, Raymond James Raymond James, Olivia Tong, Tong, Matthew Boss, Said, ̇, Boss, Stephen Trent, Fred Imbert Organizations: CNBC, JPMorgan, Citi, American Airlines, Hershey, Meta, Norfolk, Colgate, Palmolive, CL, American Airlines American Airlines Locations: U.S, Norfolk Southern

☆ Guatemalan Ex-President Alejandro Giammattei Barred From Entry Into US
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

WASHINGTON (Reuters) -Former Guatemalan President Alejandro Giammattei is barred from entering the U.S. over allegations of "his involvement in significant corruption," the State Department said on Wednesday. Giammattei was defeated in August by anti-corruption crusader Bernardo Arevalo as he sought re-election as leader of Central American's most populous nation. "The State Department has credible information indicating that Giammattei accepted bribes in exchange for the performance of his public functions during his tenure as president of Guatemala, actions that undermined the rule of law and government transparency," State Department spokesperson Matthew Miller said in a statement. Reuters was not able to immediately reach Giammattei for comment. (Reporting by Eric Beech; Editing by Dan Whitcomb and Lisa Shumaker)

Persons: Alejandro Giammattei, Giammattei, Bernardo Arevalo, Matthew Miller, Arevalo, Eric Beech, Dan Whitcomb, Lisa Shumaker Organizations: WASHINGTON, State Department, Central, Department, Reuters Locations: Guatemalan, Central American's, Guatemala

☆ American Airlines' frequent flyer program is changing. Here’s what you need to know
▼ + stars: | 2024-01-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Elite status on airlines rewards big spenders with perks like complimentary upgrades and free checked bags. First things first: American Airlines isn't changing the requirements to earn elite status at the airline in the coming earning year. Loyalty programs were a lifeline for airlines during the Covid pandemic when travel slowed to a trickle. Carriers have been grappling with a surge in elite travelers, repeatedly increasing the requirements to earn status, and tweaking benefits. For customers striving for elite status, the airline will give them bonus loyalty points after they've earned 15,000.

Persons: Ronald Reagan, Scott Chandler, American's, they've Organizations: American Airlines Airbus, Ronald Reagan Washington National Airport, American Airlines, Admirals Club, Delta Air Lines, United, Delta Locations: Ronald Reagan Washington, Arlington , Virginia, American

☆ Delta beefs up Austin flights in battle for fast-growing airport
▼ + stars: | 2023-12-15 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines is adding more flights next year at Austin-Bergstrom International Airport, in a bid to gain market share in one of the country's fastest-growing airports. The carrier plans to add 11 nonstop flights from Austin in April, giving it almost 50 peak-day flights, the airline said Friday. Flight additions include Midland-Odessa and McAllen in Texas, as well as Raleigh-Durham in North Carolina, Nashville and Cincinnati. "For us here at Delta, Texas has historically been a white space for opportunity on our network." Delta had a market share of close to 14% in Austin as of September, behind Southwest Airlines ' 40% share and American's 22%, according to airport data.

Persons: Eric Beck, Beck Organizations: Delta Air Lines, Austin, Bergstrom International Airport, American Airlines, IBM, Southwest Airlines Locations: Austin, Midland, Odessa, McAllen, Texas, Raleigh, Durham, North Carolina, Nashville, Cincinnati, Atlanta, Delta , Texas, U.S, Delta

☆ High food prices could keep Americans hating the economy for years to come
▼ + stars: | 2023-12-05 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +4 min

High food prices are Americans' top concern about the economy, according to Morning Consult. Ninety percent of individuals said they were very or somewhat concerned about grocery and food prices , higher than any other factor surveyed. In part, these concerns can be attributed to rising food prices over the last few years. AdvertisementHigh food prices could be a key reason for this disconnect, Aaron Terrazas, Glassdoor's chief economist, told Business Insider. If Americans are hoping for cheaper food prices to come next year, they're unlikely to get their wish.

Persons: —, it's, Joe Biden's, Aaron Terrazas, haven't, Terrazas, Biden, McDonald's Organizations: Service, Bloomberg, Bureau of Labor Statistics, Business, US Department of Agriculture, Social Security Administration

☆ After Munger's death, Berkshire succession comes into focus
▼ + stars: | 2023-11-29 | by ( Jonathan Stempel | ) www.reuters.com time to read: +6 min

[1/4] Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, U.S., February 15, 2017. Munger's death on Tuesday, five weeks shy of his 100th birthday, leaves Berkshire Vice Chairmen Greg Abel and Ajit Jain, who respectively oversee its non-insurance and insurance businesses, as the 93-year-old Buffett's top advisers and sounding boards. At the 2021 annual meeting, Jain was asked how he and Abel interact with each other. "You don’t need them to be as good as Buffett or Munger to make Berkshire a good company and arguably a great company." "It particularly doesn't feel like an annual meeting because my partner of 60 years, Charlie Munger, is not sitting up here," Buffett said.

Persons: Charles Munger, Lucy Nicholson, Berkshire, Charlie Munger, Warren Buffett, Buffett, Munger, Munger's, Greg Abel, Ajit Jain, Abel, Jain, Warren, Charlie, Bill Stone, Howard Buffett, Todd Combs, Ted Weschler, Bill Smead, Whitney Tilson, Munger didn't, Jonathan Stempel, Megan Davies, Paritosh Bansal, Stephen Coates Organizations: Berkshire Hathaway, Daily, REUTERS, Berkshire Hathaway's, Berkshire, BNSF, Investors, Glenview Trust, Berkshire Hathaway Energy, University of Alberta, PricewaterhouseCoopers, Energy, MidAmerican's, Apple, Smead Capital Management, Kase Capital, Thomson Locations: Los Angeles , U.S, Berkshire, Omaha , Nebraska, Munger, Glenview, Edmonton, Alberta, Indian, Odisha, Phoenix, Woodstock, Omaha, New York

FORT WORTH, Texas (AP) — Federal mediators have rejected a union's request that could have cleared the way for a year-end strike by flight attendants at American Airlines. The National Mediation Board instead directed the airline and the Association of Professional Flight Attendants to keep negotiating over a new contract. “We look forward to continued negotiations with APFA and reaching an agreement our flight attendants have earned,” American said in a statement Tuesday. The airline says its proposal to pay flight attendants during boarding would make the 11% raise more like 18%. American, which is based in Fort Worth, Texas, is proposing to match Delta’s decision last year to pay flight attendants during boarding.

Persons: Julie Hedrick, ” Hedrick, “ Organizations: —, American Airlines, Association of Professional, APFA Locations: Texas, American's, Fort Worth , Texas

☆ American Airlines works with startup to reduce carbon dioxide by storing bricks of plant material underground
▼ + stars: | 2023-11-28 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

American Airlines aims to remove carbon from the atmosphere by working with a startup that stores bricks of plant material underground. The airline announced a deal with Graphyte on Tuesday to purchase credits equivalent to 10,000 tons of permanent carbon removal with delivery scheduled for early 2025. The plant material is dried to prevent decomposition and then converted into carbon dense bricks that are sealed with a polymer barrier. Plant byproducts from the agriculture and timber industries are typically burned or left to decompose, which returns carbon dioxide into the atmosphere. This biomass material is equivalent to 3 billion tons of potential carbon dioxide removal annually, according to Graphyte.

Persons: Jill Blickstein, Bill Gates Organizations: Traffic, Miami International Airport, Miami , Florida . American Airlines, Graphyte, Breakthrough Energy Ventures, CNBC PRO Locations: Miami , Florida

☆ How airlines are shaving minutes off flight times to save millions
▼ + stars: | 2023-11-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Passengers make their way through the terminal as they travel ahead of the Thanksgiving holiday at Washington Dulles International Airport in Dulles, Virginia, on Nov. 22, 2023. American Airlines last year started using new technology to assign flight gates at Dallas/Fort Worth International Airport, the world's second-busiest airport and American's biggest hub, where it operates out of 135 regional and mainline gates. "It took the nightly process of gating the airline from four hours to about 10 minutes," said American COO David Seymour. The gating technology in other airports aims to avoid gate congestion that could delay flights from departing or parking upon arrival. Short taxi times and other improvements can help airlines save fuel, one of airlines' biggest costs.

Persons: David Seymour, Ronald Reagan, Chicago's, Seymour Organizations: Washington Dulles International, American Airlines, Fort Worth International, Charlotte Douglas International Airport, Miami International Airport, Ronald Reagan Washington National Airport, Transportation Department, American Locations: Dulles , Virginia, Dallas, American's, Miami, Ronald Reagan Washington, Phoenix

Officials with the Southwest Airlines Pilots Association say they too will ask for the right to strike if they don't have a contract deal with the airline in the next few days. “We definitely don't feel any equality here,” said Erik Harris, treasurer of the flight attendants' union. “How come the pilots have gotten their deal and we haven't?”Because of pattern bargaining, Southwest pilots are likely to wind up with raises like those approved for American Airlines pilots. The Southwest pilots' union has already tried and failed once this year to get permission to strike. On Thursday, several dozen American Airlines flight attendants picketed along a thoroughfare outside company headquarters in Texas, some carrying signs reading, “Ready to strike."

Persons: ”, “, Erik Harris, Tom Nekouei, Harris Organizations: —, Airlines, The, Professional, Southwest, Southwest Airlines Pilots Association, U.S, Spirit Airlines, National, Board, American Airlines, Boeing, ”, United Auto Workers, Hollywood, Teamsters, United Parcel Service Locations: Texas, Dallas, Fort Worth, Southwest, ” Dallas

☆ Homa takes narrow lead into final round of Nedbank Golf Challenge
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +2 min

American Homa is on debut in South Africa but has mastered a difficult course and dropped just a single shot in 54 holes to finish his third round on 13 under-par for the tournament. He leads France’s Matthieu Pavon by a single stroke after they had shared the top of the leaderboard overnight. Pavon (70) carded five birdies and a bogey in his first 14 holes, but back-to-back dropped shots on 15 and 16 allowed Homa to leapfrog him on the leaderboard. The American's only dropped shot in three days came on the par three fourth, and his consistency in hitting fairways and solid form with the putter were a feature of his play. England's Tommy Fleetwood, who has won the last two Nedbank Golf Challenge tournaments, could only manage a 71 on Saturday for a total of seven under-par, six shots off Homa.

Persons: Ryder, Marco Simone Golf, USA's Max Homa, Guglielmo Mangiapane, Max Homa, France’s Matthieu Pavon, Nicolai Hojgaard, Thorbjorn Olesen, England’s Dan Bradbury, England's Tommy Fleetwood, Nick Said, Hugh Lawson Organizations: Country Club, USA's, REUTERS, Gary Player Country, PGA, Thomson Locations: Rome, Italy, Sun City, American Homa, South Africa, Danish, Homa, Pavon, Africa

☆ Murray bows out of Paris Masters in first round
▼ + stars: | 2023-10-30 | by ( ) www.reuters.com time to read: +2 min

Murray lost his serve in the opening game of the match, but came back to lead 5-4 before De Minaur won the opening set in a tiebreak. The Briton took the second set and at 5-2 up in the decider, looked set for victory. Despite serving twice for the match, Murray lost momentum as De Minaur's comeback saw him break his opponents serve three times winning the last five games to claim victory in the battle which lasted three hours. Murray smashed his racquet in frustration after the agonising loss, and he has yet to win a match in this competition since winning the tournament in 2016. Alejandro Davidovich Fokina defeated 15th seed Ben Shelton, the Spaniard overcoming the American 7-6(4) 5-7 6-3, while Karen Khachanov recorded a routine win over Max Purcell, the 16th seed Russian winning 6-4 6-4 against the Australian.

Persons: Andy Murray, Switzerland's Leandro Riedi, Jason Cairnduff, Alex de Minaur, De Minaur, Murray, Minaur's, Frances Tiafoe, Alexander Bublik, Taylor Fritz, Argentina's Sebastian Baez, Tommy Paul, Frenchman Richard Gasquet, Alejandro Davidovich Fokina, Ben Shelton, Karen Khachanov, Max Purcell, Novak Djokovic, Holger Rune, Carlos Alcaraz, Daniil Medvedev, Trevor Stynes, Anita Kobylinska, Christian Radnedge Organizations: AO, Paris, ATP, Murray, Briton, Thomson Locations: Britain, Switzerland, Manchester, Turin, American

☆ Senators forward Pinto handed 41-game suspension for sports betting
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

Jan 25, 2023; Ottawa, Ontario, CAN; Ottawa Senators center Shane Pinto (57) skates to the bench after scoring in thew first period against the New York Islanders at the Canadian Tire Centre. Mandatory Credit: Marc DesRosiers-USA TODAY Sports/File Photo Acquire Licensing RightsOct 26 (Reuters) - Ottawa Senators forward Shane Pinto has been banned for 41 games for activities relating to sports wagering, the National Hockey League said on Thursday. The NHL said its investigation into the matter found no evidence that Pinto, whose suspension amounts to half of a regular season, made any bets on NHL games. The 22-year-old Pinto, who the Senators selected with the 32nd pick of the 2019 NHL Draft, is a restricted free agent and has not played for Ottawa this season. Pinto had 20 goals and 35 points in 82 games with Ottawa during the 2022-23 season, which marked the American's first full campaign in the NHL.

Persons: Shane Pinto, Marc DesRosiers, Pinto, Frank Pingue, Ken Ferris Organizations: CAN, Ottawa Senators, New York Islanders, Canadian Tire Centre, National Hockey League, NHL, Ottawa, Thomson Locations: Ottawa , Ontario, thew, Toronto

☆ American Airlines orders four Embraer E175s for Envoy Air
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

American's previous deal for seven E175s, announced in June, underscored a U.S. regional aviation market recovering from rough years marked by the COVID-19 pandemic. "We maintain our optimistic view on Embraer, and believe that 2024-25 could translate into a period of a solid pipeline of deliveries." The order will take Envoy Air's fleet of E-Jets to more than 150 aircraft by the end of next year, Embraer said. The United States is the main market for the first-generation E-Jets, which Embraer dubs "the backbone" of that country's regional network. Last month, Embraer also announced a firm order for five E175s from Nigeria's Air Peace.

Persons: planemaker, Air's, Pedro Fabregas, Luxembourg's, Aerolineas Argentinas, Francisco Gomes Neto, Gabriel Araujo, Steven Grattan, Brad Haynes, Jonathan Oatis Organizations: Embraer, Reagan, SAO PAULO, American Airlines, EMBR3, Air, E1s, Santander, Jets, U.S, Nigeria's, JPMorgan, Reuters, Thomson Locations: U.S, Washington , U.S, United States

☆ The average American's net worth is at an all-time high. Here's how it breaks down by generation.
▼ + stars: | 2023-10-19 | by ( Noah Sheidlower | ) www.businessinsider.com time to read: +4 min

This was more than double the next-largest increase in net worth since 1989, when the Fed began the survey. Median net worth — which measures household assets like houses and vehicles, minus debts like mortgages and student loans — surged to $192,000 when accounting for inflation. While this group, comprised of younger millennials and Gen Zers, has a much smaller net worth than any other age group, median net worth grew from $16,100 to $39,000 during the three-year period. So-called DINKs, or couples with "double income, no kids," also saw huge net worth increases, according to the Fed's survey. Americans in the 55 to 64 age group saw median net worth gains of 48%, while those between the ages of 65 and 74 had a 33% rise in median net worth.

Persons: —, millennials, Gen Zers, Mark Zandi, Zandi Organizations: Service, Federal Reserve's Survey, Consumer Finances, Fed, CNBC

DALLAS (AP) — American Airlines posted a $545 million loss for the third quarter as revenue was flat with last summer and costs rose, especially to cover a new contract with its pilots. American Airlines Group Inc., based in Fort Worth, said earnings excluding special items worked out to 38 cents per share. Labor costs at American jumped 17%, an increase of nearly $600 million, which was roughly offset by lower fuel prices than a year ago. There are already concerns over rising costs for airlines as fuel prices surge at the same time that travel has begun to slow. Fuel prices are still lower than they were last year, but the loss at American could add to anxiety over burdensome costs across the industry.

Persons: Robert Isom, “ We're, ”, Devon May, United Organizations: DALLAS, —, Airlines, United Airlines, Delta Air Lines, American Airlines Group Inc, Delta, United, Labor Locations: United States, Fort Worth, United, Tel Aviv, Israel

☆ Sinner powers past Alcaraz to book Beijing final with Medvedev
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +3 min

Earlier, second seed Medvedev had an easier than expected 6-4 6-3 semi-final win over familiar rival Alexander Zverev. This was the fifth meeting between the pair this year and although Russian world number three Medvedev won three of the previous four, Zverev had won their most recent clash in Cincinnati. The American's frequent doubles partner Jessica Pegula also had to dig deep for a 6-7(2) 6-2 6-1 win over Anna Blinkova. The 29-year-old faces 2017 French Open champion Jelena Ostapenko seeking a fourth win in their fifth meeting. World number two Iga Swiatek progressed with a 6-4 6-1 win over Varvara Gracheva and fifth seed Elena Rybakina beat Tatjana Maria 7-5 6-0 after Ons Jabeur lost 7-6(5) 6-1 to Marta Kostyuk.

Persons: Carlos Alcaraz, Daniil Medvedev, Medvedev, Alexander Zverev, Zverev, I'm, Aryna Sabalenka, Katie Boulter, Jasmine Paolini, Sabalenka, Wells, Indian Wells, Coco Gauff, Croatia's Petra Martic, Veronika Kudermetova, Gauff, Martic, Jessica Pegula, Anna Blinkova, Pegula, Jelena Ostapenko, Iga Swiatek, Varvara Gracheva, Elena Rybakina, Tatjana Maria, Marta Kostyuk, Trevor Stynes, Shrivathsa Sridhar, Pritha Sarkar Organizations: China, Tokyo, Thomson Locations: BEIJING, Russian, Cincinnati, Chengdu, Indian

☆ Meet the average CEO of the top UK companies: He's white, rich, and probably named Andrew
▼ + stars: | 2023-09-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

The average CEO of a top UK company is white, rich, and probably named Andrew. That's according to an analysis by People Managing People of the CEOs of the top 100 companies on the LSE. AdvertisementAdvertisementThe average CEO of a top UK company is probably named Andrew, according to an analysis of the CEOs of the FTSE100 companies published by human resources publication People Managing People on Tuesday. People named Andrew don't just make up a large slice of these top executives, however — twelve FTSE100 CEOs were named Andrew or Simon, outnumbering the total 11 female CEOs as of September, per the report. The report also found that the average CEO of a FTSE100 company makes over 127 times the median UK salary in 2022 — which was £33,000.

Persons: Andrew, That's, —, Andrew don't, Simon, Finn Bartram Organizations: People Managing, LSE, Service, London Stock Exchange, University of Cambridge, BBC, Fortune, Pew Research, Economic Policy Institute Locations: —

☆ The average CEO of a top UK company is white, rich, and probably named Andrew: report
▼ + stars: | 2023-09-29 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

The average CEO of a top UK company is white, rich, and probably named Andrew. AdvertisementAdvertisementThe average CEO of a top UK company is probably named Andrew, according to an analysis of the CEOs of the FTSE100 companies published by human resources publication People Managing People on Tuesday. People named Andrew don't just make up a large slice of these top executives, however — twelve FTSE100 CEOs were named Andrew or Simon, outnumbering the total 11 female CEOs as of September, per the report. The report also found that the average CEO of a FTSE100 company makes over 127 times the median UK salary in 2022 — which was £33,000. AdvertisementAdvertisementThis isn't the first time someone has tried to put together a composite image of an average CEO of the top companies in the country.

☆ 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

SYDNEY (AP) — American Sean Strickland stunned Nigerian-born New Zealander Israel Adesanya to take the middleweight title by unanimous decision in the main event of UFC 293, the first UFC event in Australia's largest city in six years. I don’t cry much but I’m trying to keep it together right now," an emotional Strickland said immediately after the bout. Strickland sensed the opportunity to go after the champion and a flurry of punches and kicks in the final minute helped ensure the decision and the middleweight title. "You don’t fight that guy with that many highlight-reel knockouts,” Strickland said about Adesanya. In the co-main event, Alexander Volkov (37-10) won his heavyweight bout by submission in the second round against 30-year-old Sydney-born Tai Tuivasa.

Persons: Sean Strickland, Zealander Israel Adesanya, Strickland, “, Alex Pereira, Adesanya, ” Strickland, “ He’s, he’s, ”, I’ve, Alexander Volkov, Tai Tuivasa, Tuivasa, Tyson Pedro, Sweden's Anton Turkalj, New Zealander Justin Tafa, Austen Lane, Manel Kape, Felipe dos Santos, ___ Organizations: SYDNEY, UFC, Qudos Bank, New Zealander Locations: Zealander, Australia's, American, Australia, New South Wales, Sydney

☆ Imitation is flattery, says Shelton, after Djokovic copies phone celebration
▼ + stars: | 2023-09-09 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

The veteran Djokovic held off a late-match surge from the 20-year-old to reach his 10th U.S. Open final before he mimed answering the phone - and hanging up - to subvert the viral post-win gesture that Shelton has used in New York. "I just love Ben's celebration," Djokovic told reporters with a grin. "I think if you win the match, you deserve to do whatever you want," said Shelton. "It's kind of like I'm saying I'm dialed in," Shelton explained earlier in the tournament, when asked about the celebration. A lot of positives to take away for the rest of the year and going into next year," said Shelton.

Persons: Ben Shelton, Serbia's Novak Djokovic, Mike Segar, Novak Djokovic, Ben, American's, Djokovic, Shelton, Grant Holloway, I'm, Tommy Paul, Frances Tiafoe, Amy Tennery, Stephen Coates Organizations: Tennis, Serbia's Novak Djokovic REUTERS, Thomson Locations: Flushing Meadows , New York, United States, U.S, New York

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