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☆ Corporate Climate Plans Fall Well Short of Targets, With a Few Bright Spots
▼ + stars: | 2023-02-13 | by ( Dieter Holger | Carbon Market Watch S Executive Director Sabine Frank | ) www.wsj.com time to read: +6 min

The climate plans of major companies continue to fall short—but there are some bright spots. The net-zero plans of Holcim and H&M have also won approval from the Science Based Targets initiative. Decent disclosureWhile scope 3 emissions can be challenging to calculate and control, having net-zero plans that cover the complete value chain is best practice. Apple, iPhone manufacturer Foxconn Technology Co. and H&M were all noted for helping their suppliers to access renewable energy either with financial support, advice or connecting deals. The retailer has worked with suppliers to reduce packaging waste and to adopt farming practices that sequester greenhouse gases, as well as helping them access renewable energy.

☆ Airport Shuttle Bus Collides With American Airlines Plane at LAX
▼ + stars: | 2023-02-11 | by ( Ginger Adams Otis | ) www.wsj.com time to read: 1 min

A view of the American Airlines aircraft following the collision with a passenger shuttle bus at Los Angeles International Airport. Four people were hospitalized when a shuttle bus at Los Angeles International Airport collided with a plane owned by American Airlines Group Inc. Friday night, officials said. The American Airlines plane was being pulled by a tug vehicle to the overnight parking area when the collision occurred around 10 p.m. local time, according to the Los Angeles Fire Department.

☆ American Airlines Pilots Involved in Near Miss at JFK Receive Subpoenas
▼ + stars: | 2023-02-10 | by ( Micah Maidenberg | ) www.wsj.com time to read: 1 min

The National Transportation Safety Board subpoenaed pilots who flew the American Airlines Group Inc. plane that almost collided with another jet on a New York runway last month, the agency said. The transportation safety agency said it issued the subpoenas Friday to the three crew members for American Airlines Flight 106 after they declined to conduct recorded interviews about the incident.

☆ Travel Stocks Soar After Pandemic Struggles
▼ + stars: | 2023-02-03 | by ( Charley Grant | ) www.wsj.com time to read: 1 min

The travel industry is making a comeback from Covid-19. Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 39% and 34%, respectively. Caesars Entertainment Inc. has advanced 29%, while Marriott International Inc. is up 18%.

☆ Airlines cancel over 1,400 U.S. flights as ice storm hits multiple states
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

Feb 1 (Reuters) - Airlines canceled over 1,400 flights in the United States on Wednesday, after an ice storm hit states from Texas to West Virginia. A total of 1,467 flights within, into or out of the United States were canceled, while 527 flights were delayed as of 6.48 a.m. The Federal Aviation Administration (FAA) on Tuesday warned in a tweet that travelers could expect to see some snowy conditions in certain areas including Dallas, Fort Worth and Memphis, which could delay certain flights. loadingAirlines canceled nearly 1,400 flights in the United States on Wednesday, after a severe winter storm hit their operations in certain regions. Low-cost carrier Southwest Airlines Co (LUV.N) led cancellations with 487 flights, while Fort Worth, Texas-based peer American Airlines Group Inc (AAL.O) closely followed, canceling nearly 480 flights.

☆ U.S. airlines cancel over 1,000 flights over winter storm
▼ + stars: | 2023-01-30 | by ( ) www.reuters.com time to read: +1 min

Jan 30 (Reuters) - More than 1,000 Monday flights into or out of the United States have been canceled due to a severe winter storm, with about half of those coming from Southwest Airlines Co (LUV.N). A total of 1,019 flights were canceled as of 6:00 pm ET, according to flight-tracking service FlightAware. The company has scrapped about 12% of its Monday schedule, while American Airlines Group Inc (AAL.O) has canceled 6%, or 200 flights. For Tuesday so far, 797 flights are scheduled to be canceled into or out of the United States. Southwest Airlines and other major U.S. airlines have issued winter weather waivers.

☆ American Airlines Swings to Profit as Revenue Soars
▼ + stars: | 2023-01-26 | by ( Dean Seal | ) www.wsj.com time to read: 1 min

American Airlines Group Inc. swung to a profit in the fourth quarter as persistent demand for flights during the holiday travel season drove revenue above prepandemic levels. The Fort Worth, Texas-based airline said Thursday that revenue hit $13.2 billion in the quarter, topping 2019’s fourth-quarter total by more than 16% despite the company flying with 6% less capacity.

☆ Futures fall as weak data fuel recession worries, Fed comments on tap
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61%Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening. "For once bad news really was bad news because of the implications it might have for interest rates. Weak retail sales suggested consumers' resilience may have been pushed beyond breaking point," said Russ Mould, investment director at AJ Bell. Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of the year. ET, Dow e-minis were down 173 points, or 0.52%, S&P 500 e-minis were down 21.25 points, or 0.54%, and Nasdaq 100 e-minis were down 69.5 points, or 0.61%.

A reading from the Commerce Department showed retail sales fell 1.1% in December, compared with expectations of a 0.8% drop. Another report showed U.S. producer prices rose less than expected year-on-year in December, adding to evidence of a moderation in inflation. Earnings from big U.S. banks were a mixed bag, with many stockpiling rainy-day funds preparing for a looming recession. Shares of other major carriers including American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and Southwest Airlines Co (LUV.N) rose between 1.6% and 2.2%. IBM Corp (IBM.N) slipped 1.5% after Morgan Stanley downgraded the company's shares to "equal weight" from "overweight", citing slowing revenue growth.

☆ Near Collision at JFK Airport Between Delta, American Planes Under Investigation
▼ + stars: | 2023-01-16 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

U.S. aviation-safety officials are investigating how two planes came close to a collision on a runway at John F. Kennedy International Airport on Friday night. Delta Air Lines Inc. Flight 1943 was headed down the runway for takeoff when air-traffic controllers noticed another plane crossing in the departing jetliner’s path, a spokesman for the Federal Aviation Administration said Saturday. Delta’s Boeing Co. 737 came to a stop about 1,000 feet before reaching the point where a Boeing 777 operated by American Airlines Group Inc. was crossing, according to the FAA’s preliminary analysis.

Major carriers such as United Airlines Holdings Inc (UAL.O), American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and Southwest Airlines Co (LUV.N) have rushed to add staff after a faster-than-expected rebound in the U.S. travel market. "Margins are set to take a hit in 2023 as airlines ratify new contracts with labor groups," Cowen analyst Helane Becker said last month. "Delta's recent tentative pilot agreement, assuming it is ratified, could drive incremental unit costs higher by ~2%, and 2%-3% higher for American, Southwest and United," Barclays analyst Brandon Oglenski said on Wednesday. American Airlines on Thursday forecast a higher fourth-quarter profit as the Texas-based carrier benefited from strong demand for travel during the key holiday season. Shares of American Airlines, Delta Air Lines, United Airlines and Southwest Airlines fell between 14% and 30% in 2022 on mass cancellations and economic worries.

WASHINGTON/CHICAGO, Jan 12 (Reuters) - U.S. airline operations returned to normal on Thursday even as the Federal Aviation Administration (FAA) continues to investigate pinpoint the cause of a computer outage that grounded flights nationally and to prevent it from happening again. "FAA operations are back to normal, and we are seeing no unusual delays or cancellations this morning," the FAA said in a tweet. More than 11,300 flights were delayed or canceled on Wednesday in the first national grounding of domestic traffic in about two decades. As of noon Thursday, 1,400 U.S. flights were delayed and 117 were canceled, according to FlightAware, a typical aviation day given current weather issues. Major carriers Delta Air Lines (DAL.N), United Airlines (UAL.O), American Airlines Group Inc (AAL.O) and Southwest Airlines (LUV.N) all were reporting normal operations on Thursday.

☆ American Airlines Raises Revenue Estimates as Travel Demand Holds Strong
▼ + stars: | 2023-01-12 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

U.S. airlines have faced a series of disruptions in recent weeks. American Airlines Group Inc. raised its revenue guidance for the recently ended quarter as demand for air travel remained strong through the holiday season, even as travelers contended with higher fares. The guidance update offers one of the first looks at how a U.S. airline fared during a critical holiday travel period that saw thousands of canceled flights amid winter storms.

The Fed raised the key rate by 50 basis points in December, after four back-to-back 75-bps hikes, but also indicated a prolonged period of rate hikes to above 5% in 2023. Traders' bets of a 25-basis point rate hike by the Fed in February shot up to 89% after the inflation data, from 77% previously. Advancing issues outnumbered decliners for a 2.31-to-1 ratio on the NYSE and a 1.63-to-1 ratio on the Nasdaq. The S&P index recorded eight new 52-week highs and one new low, while the Nasdaq recorded 39 new highs and 10 new lows. Reporting by Shubham Batra, Amruta Khandekar and Ankika Biswas in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

The Labor Department's report showed U.S. consumer prices grew 6.5% on an annual basis in December, in line with expectations, from a 7.1% rise last month. Markets initially spiked lower after the data, but quickly reversed to edge higher as investors assessed the numbers. Consumer prices unexpectedly fell for the first time in more than 2-1/2 years in December, suggesting that inflation was now on a sustained downward trend. Some Fed policymakers earlier this week signaled the possibility of a 25-basis point hike during the February meeting, if the much-awaited consumer prices data further adds to evidence of a cooling economy. ET, Dow e-minis were up 138 points, or 0.4%, S&P 500 e-minis were up 17.25 points, or 0.43%, and Nasdaq 100 e-minis were up 45 points, or 0.39%.

☆ American Airlines forecasts higher fourth-quarter profit on strong demand
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

Jan 12 (Reuters) - American Airlines Group Inc (AAL.O) on Thursday forecast a higher fourth-quarter profit on strong demand for travel during the key holiday season, sending its shares up more than 3% in premarket trading. U.S. carriers have benefited from strong consumer demand during the holiday season. Airlines were also able to mitigate some of the higher fuel and labor costs through higher ticket prices. The carrier's update comes at a time when a worsening economic outlook coupled with high inflation has sparked concerns about consumer demand. American Airlines now expects revenue to rise between 16% and 17% from the fourth quarter of 2019.

☆ Southwest Meltdown Shows Airlines Need Tighter Software Integration
▼ + stars: | 2023-01-02 | by ( Belle Lin | ) www.wsj.com time to read: +6 min

Southwest’s software wasn’t designed to solve problems of that scale, Chief Operating Officer Andrew Watterson said Thursday, forcing the airline to revert to manual scheduling. Unlike some large rivals with hub-and-spoke networks, Southwest planes hopscotch from city to city, which may have been another complicating factor. Mr. Alamzad said the most serious IT challenge airlines face stems from the applications developed in silos by vendors or the airlines themselves. Southwest recently completed an upgrade of its new reservation system and had been working through multiyear upgrades to systems used in its operations. Other carriers have given priority to upgrading customer-facing reservations platforms and flier loyalty programs over operations systems, Mr. Alamzad said.

☆ Worker killed on ramp at Alabama airport in airplane incident
▼ + stars: | 2023-01-01 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

Dec 31 (Reuters) - A worker was fatally injured on the ramp at Montgomery Regional Airport in Alabama where an American Airlines (AAL.O) regional carrier flight was parked, the Federal Aviation Administration said Saturday. The FAA and the National Transportation Safety Board will investigate the incident that occurred where American Airlines Flight 3408, an Embraer E175, was parked at the gate after arriving from Dallas. The FAA said the airport was closed after the incident. The flight was operated by Envoy Air, a wholly owned subsidiary of American Airlines Group (AAL.O). The airport said a ground crew worker for Piedmont Airlines, another American regional subsidiary, was killed but did not elaborate.

☆ Some Airlines Have Instituted a Fare Cap, but Don’t Expect a Deal
▼ + stars: | 2022-12-29 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

Several large airlines say they are capping fares in the wake of the Southwest Airlines Co. meltdown, but that doesn’t mean stranded travelers should expect to find airfare deals. Multiple carriers—including Delta Air Lines Inc., American Airlines Group Inc. and United Airlines Holdings Inc.—said they would put a cap on fares to accommodate travelers making last-minute bookings after Southwest Airlines canceled nearly 16,000 flights since Dec. 22.

☆ Frequent Fliers Will Find It Harder to Get Status on American Airlines
▼ + stars: | 2022-12-16 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

Members of American Airlines’ AAdvantage program will soon need more points to reach the lowest status tier. American Airlines Group Inc. is making it more expensive for travelers to qualify for frequent-flier status in its loyalty program next year, the latest airline to tighten requirements. Starting in March, members of American’s AAdvantage program will need to earn 40,000 “loyalty points” to reach Gold, its lowest tier of status, up from 30,000. That level includes benefits such as a free checked bag, earlier boarding and access to free upgrades if there is availability.

☆ Some Frequent Fliers Will Find It Harder to Earn Status on American Airlines
▼ + stars: | 2022-12-15 | by ( Alison Sider | ) www.wsj.com time to read: 1 min

Members of American Airlines’ AAdvantage program will soon need more points to reach the lowest tier of elite status. American Airlines Group Inc. is making it more expensive for travelers to qualify for frequent-flier status in its loyalty program next year, the latest airline to tighten requirements. Starting in March, members of American’s AAdvantage program will need to earn 40,000 “loyalty points” to reach Gold, its lowest tier of status, up from 30,000. That level includes benefits such as a free checked bag, earlier boarding and access to free upgrades if there is availability.

☆ American Airlines Names New CFO as It Looks to Cut Debt
▼ + stars: | 2022-12-13 | by ( Kristin Broughton | ) www.wsj.com time to read: +3 min

American Airlines Group Inc. named a company veteran as its next finance chief as it reaps the benefits of an uptick in air travel and works to pay down debt. He succeeds Derek Kerr, who has held the CFO role at American since its 2013 merger with US Airways Group. During his 20-year tenure at American and airlines it absorbed, US Airways and America West, Mr. May has held senior-level roles in finance, regional operations and network planning. American is one of several airlines that cut back on flights this year amid widespread delays, staffing shortages and airport congestion. The company has said it plans to pay down about $15 billion of its total debt by the end of 2025.

☆ S&P, Nasdaq extend losing streaks amid rising recession worries
▼ + stars: | 2022-12-07 | by ( David French | ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. For the benchmark S&P 500 (.SPX), it was the fifth straight session that it has declined, while the Nasdaq (.IXIC) finished down for the fourth time in a row. The S&P 500 (.SPX) lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite (.IXIC) dropped 56.34 points, or 0.51%, to finish at 10,958.55. The S&P 500 is on track to snap a three-year winning streak. The S&P 500 posted seven new 52-week highs and seven new lows; the Nasdaq Composite recorded 61 new highs and 307 new lows.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. "That's a piece of what's driving the tech stocks down because we rely so much on China and Taiwan for critical components." Energy was the only major S&P 500 sector eying gains for the year, surging around 63%. Declining issues outnumbered advancing ones on the NYSE by a 1.26-to-1 ratio; on Nasdaq, a 1.57-to-1 ratio favored decliners. The S&P 500 posted 9 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 76 new highs and 194 new lows.

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 21, 2022. Energy was the only major S&P 500 sector eying gains for the year, surging around 58%. Travel stocks including American Airlines Group Inc (AAL.O) and Norwegian Cruise Line Holdings Ltd (NCLH.N) fell 0.5% and 1.2%, respectively. Keeping declines on the Dow Jones Industrial Average (.DJI) and S&P 500 (.SPX) in check was a 5.8% jump in Walt Disney Co (DIS.N) after Bob Iger's return as chief executive to the entertainment giant. The S&P index recorded eight new 52-week highs and two new lows, while the Nasdaq recorded 68 new highs and 156 new lows.

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