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☆ American Airlines increases offer to pilots by $1 billion, matching United
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +1 min

July 21 (Reuters) - American Airlines Group Inc (AAL.O) on Friday said it raised the value of its contract offer to pilots by more than $1 billion to match a more generous deal at United Airlines (UAL.O) after American's union warned that ratification was in jeopardy. United's pilots will get cumulative 34.5% to 40.2% pay raises in that four-year agreement. The Allied Pilots Association (APA), which represents American's pilots, warned on Sunday that ratification was in jeopardy. Dennis Tajer, a spokesman for the union, said earlier this week that United's pilots would earn at least 2% more than their 15,000 counterparts at American. The union also said United's back pay, days off for junior pilots and sick time were superior.

Persons: Dennis Tajer, Priyamvada, Cynthia Osterman Organizations: American Airlines Group Inc, United Airlines, Allied Pilots Association, Thomson Locations: The Texas, Bengaluru

☆ American Express keeps profit forecast unchanged after strong results, shares fall
▼ + stars: | 2023-07-21 | by ( ) www.reuters.com time to read: +2 min

July 21 (Reuters) - American Express (AXP.N) kept its forecast for full-year profit unchanged on Friday, disappointing investors and overshadowing its quarterly results that topped estimates on record card member spending by its young and affluent customers. AmEx shares fell 4.4% in premarket trading as the credit card giant reaffirmed its full-year 2023 per-share profit forecast of $11 to $11.40. AmEx's total provisions for credit losses came in at $1.2 billion in the second quarter, compared with $410 million a year earlier. "Card member spending hit another all-time high, growing 8 percent on an FX-adjusted basis, driven by double-digit growth in U.S. Consumer and International Card Member spending," CEO Stephen Squeri said in a statement. The credit card company reported a profit of $2.89 per share in the quarter, beating analysts' average expectation of $2.81 per share, according to IBES data from Refinitiv.

Persons: Stephen Squeri, AmEx, Manya Saini, Anil D'Silva Organizations: American Express, . Consumer, Card, Thomson Locations: U.S, Refinitiv, Bengaluru

☆ AmEx's profit view dampens strong results from record card spending
▼ + stars: | 2023-07-21 | by ( Manya Saini | Thomson Reuters | Manya Saini Reports On Prominent Publicly Listed U.S. Financial Firms Including Wall Street S Biggest Banks | ) www.reuters.com time to read: +2 min

"Results were strong, though spending growth is moderating from unsustainably high rates in 2022," said Edward Jones analyst Kyle Sanders. These worries took the shine off a record quarter in which spending surged to $426.6 billion despite rapid interest rate hikes by the U.S. central bank ushering in an end to easy money. "Our base is changing in terms of more Millennials and Gen Z who will grow with us. Millennial and Gen Z were its fastest-growing customer base as their combined spending surged 21% in the U.S. from a year ago. Despite that, AmEx just reaffirmed its per-share profit forecast of $11 to $11.40 for 2023 after reporting a market-beating profit of $2.89 per share.

Persons: Edward Jones, Kyle Sanders, Gen Z, Stephen Squeri, Gen, Jeff Campbell, AmEx, Campbell, Christophe Le Caillec, Manya Saini, Anil D'Silva, Arun Koyyur Organizations: American Express, U.S, RBC Capital Markets, Reuters, Thomson Locations: U.S, Bengaluru

☆ Mickelson, Morikawa miss Open cut, Smith just makes it
▼ + stars: | 2023-07-21 | by ( Ed Osmond | ) www.reuters.com time to read: +2 min

[1/3] Golf - The 151st Open Championship - Royal Liverpool, Hoylake, Britain - July 21, 2023 Phil Mickelson of the U.S. at the 1st tee during the second round REUTERS/Phil NobleHOYLAKE, England, July 21 (Reuters) - Americans Phil Mickelson and Collin Morikawa were among former champions to miss the cut in the British Open at Hoylake on Friday. "It was nice," Smith told reporters. Defending is one thing, but just the golf that I feel like I'm playing and to miss out on the weekend would be very frustrating." Fifty-year-old American Stewart Cink, Open champion in 2009, did make the weekend after adding a 73 to his opening 68 to finish at one under alongside 2016 winner Henrik Stenson of Sweden. Two former St Andrews Open champions also advanced on two over par, South African Louis Oosthuizen, winner of the Claret Jug in 2010, and American Zach Johnson who lifted the trophy in 2015.

Persons: Phil Mickelson, Phil Noble HOYLAKE, Collin Morikawa, Cameron Smith, Smith, Brian Harman, Mickelson, Francesco Molinari, Shane Lowry, John Daly, Darren Clarke, Ernie Els, Dustin Johnson, Justin Thomas, Justin Rose, Italian Molinari, Stewart Cink, Henrik Stenson, Sweden, South African Louis Oosthuizen, Zach Johnson, Ed Osmond, Pritha Sarkar Organizations: 151st, Royal, REUTERS, Sandwich, Carnoustie, St Andrews, South, Thomson Locations: Royal Liverpool, Hoylake, Britain, England, British, Australian, Muirfield, South African

☆ Chaos as U.S. soldier Travis King bolted into North Korea -witness
▼ + stars: | 2023-07-19 | by ( Ju-Min Park | ) www.reuters.com time to read: +2 min

SEOUL, July 19 (Reuters) - American and South Korean guards shouted "get him" as they scrambled unsuccessfully to stop U.S. Army soldier Travis King from sprinting into North Korea, a New Zealand woman who was on the same tour to the border area said on Wednesday. "I don't think anyone who was sane would want to go to North Korea, so I assumed it was some kind of stunt." The U.S. military was scrambling on Wednesday to determine King's fate after what officials said was a wilful, unauthorised crossing of the border into North Korea, throwing Washington into a new crisis in its dealings with the state. One American soldier shouted "get him," and other American and South Korean guards ran after King, but he was already on the north side of the border, Leslie said. "It was too late," she said, adding that he disappeared from sight and she didn't see him enter any buildings or be detained by North Korean guards.

Persons: Travis King, Sarah Leslie, King, Leslie, Travis T, Handout, REUTERS King, Hyunsu Yim, Josh Smith, Bernadette Baum Organizations: U.S, Army, Joint Security Area, Reuters, Security Area, REUTERS, North, Thomson Locations: SEOUL, North Korea, New Zealand, Washington, U.S, Panmunjom, South Korea, American

☆ Exclusive: American Airlines pilot deal in 'jeopardy' after United's contract agreement -union memo
▼ + stars: | 2023-07-18 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +2 min

CHICAGO, July 18 (Reuters) - American Airlines' (AAL.O) pilot union has warned that the ratification of the company's new contract deal is in "jeopardy" as United Airlines (UAL.O) has raised the benchmark with its own deal, according to a union memo seen by Reuters. A spokesperson for American Airlines said the company will work with the union to make sure its pilots are taken care of. United's four-year pilot deal offers cumulative pay raises of 34.5% to about 40%. Dennis Tajer, a spokesman for American's pilots union, said United's contract will lead to at least a 2% pay gap between United and American pilots. United's back pay provisions are also better than what American has provided in its pilot deal, he said.

Persons: Dennis Tajer, United's, Tajer, Rajesh Kumar Singh, Sonali Paul, Matthew Lewis Organizations: American Airlines, United Airlines, Reuters, American, Allied Pilots Association, Management, TA, Thomson Locations: Chicago

☆ Goldman Sachs thinks its favorite media stock can rally more than 60% despite Hollywood strikes
▼ + stars: | 2023-07-18 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Goldman Sachs sees big gains ahead for Warner Bros. Analyst Brett Feldman said Warner Bros. Companies will likely continue keeping focus on profitability in streaming with subscriber growth likely nonexistent or minimal. He said those execution catalysts are largely within the company's hands, pointing specifically to the fact that Warner Bros. Warner Bros.

Persons: Goldman Sachs, Brett Feldman, Feldman, Barbie, HBO Max, — CNBC's Michael Bloom Organizations: Warner Bros . Discovery, Guild of America, American Federation of Television, Radio Artists, Hollywood, Warner Bros, Discovery, CNN, HBO

☆ NY Fed report finds Americans increasingly facing borrowing headwinds
▼ + stars: | 2023-07-17 | by ( Michael S. Derby | ) www.reuters.com time to read: +3 min

REUTERS/Philippe Wojazer/IllustrationJuly 17 (Reuters) - Americans are increasingly getting shot down when they seek out loans, new data from the New York Fed, released Monday, said. The bank said that the overall rejection rate for credit applicants rose to its highest level since June 2018, and stood at 21.8%, from 17.3% in February. Rejection rates for credit cards, credit limit increases also gained ground. The rejection rate for mortgages stood at 13.2% in June from 10% in February, while the rejection rate for mortgage refinancing jumped to 20.8% last month, from 16.3% in the prior survey. The surge in home lending costs has caused Americans to cut back on borrowing there: The New York Fed reported in May that during the first quarter demand for mortgages fell even as overall household debt levels ticked higher.

Persons: Philippe Wojazer, —, Michael S, Aurora Ellis Organizations: American Express, REUTERS, New York Fed, York, Consumer, Thomson Locations: February’s

☆ The media industry is in turmoil, and that's not changing anytime soon
▼ + stars: | 2023-07-17 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +11 min

All of this turmoil will be on investors' minds as the media industry kicks off its earnings season this week, with Netflix up first on Wednesday. Netflix, with a new advertising model and push to stop password sharing, looks the best positioned compared with legacy media giants. At the top of the list is contending with Disney's TV networks, as that part of the business appears to be in a worse state than Iger had imagined. The labor fight blew up just as the industry has moved away from streaming growth at all costs. Last week's ruling from a federal judge that Microsoft's $68.7 billion acquisition of game publisher Activision Blizzard should move forward serves as a rare piece of good news for the media industry.

Persons: Mike Blake, Bob Iger, Iger, Bob Iger's, Michael Nathanson, SVB, CNBC's David Faber, Nathanson, Producers –, Mark Boidman, Ross Benes, Benes, Comcast's NBCUniversal, Solomon, Boidman, Random, Paramount's Simon, Schuster, Tegna, Jason Anderson, Peter Liguori, Anderson, HBO Max, Homer, Marge Getty Organizations: Guild of America, Netflix, Alliance, Producers, Reuters, Disney, Disney's, Paramount Global, Comcast, Warner Bros, American Federation of Television, Radio Artists, Media, Solomon Partners, CNBC, Hollywood, Intelligence, ABC, Paramount, BET, NBC Sports, USA, Discovery, Activision, Federal Trade Commission, dealmaking, Microsoft, Tribune Media, Max, HBO, Amazon, MGM, Sky, Fox Corp, FOX Locations: Los Angeles , California, U.S, MoffettNathanson, Hulu

☆ Biden throws his support behind Hollywood actors' strike
▼ + stars: | 2023-07-14 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

230712Count President Joe Biden among the supporters of the actors strike in Hollywood. "The President believes all workers — including actors — deserve fair pay and benefits," White House spokesperson said Robyn Patterson in a statement Friday. "The President supports workers' right to strike and hopes the parties can reach a mutually beneficial agreement." Biden, a proponent of organized labor, previously backed striking members of the Writers Guild of America in May, when Hollywood's scribes started picketing. Disney CEO Bob Iger told CNBC this week that he believes the writers and actors' expectations are "just not realistic."

Persons: Joe Biden, —, Robyn Patterson, Biden, They're, Bob Iger, Sen, Alex Padilla, Barbara Lee, Adam Schiff Organizations: NATO, Vilnius University, Writers Guild of America, Ford, General Motors, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Hollywood, CNBC, Democratic, U.S, Reps, SAG Locations: Vilnius, Lithuania, Hollywood, California, Democratic California

☆ Uninsured US patients pay up to $330 for Eli Lilly’s $25 insulin, Senator Warren says
▼ + stars: | 2023-07-13 | by ( Patrick Wingrove | ) www.reuters.com time to read: +3 min

Warren’s survey of chain and independent pharmacies across all 50 states, carried out between June 9 and 28, found a third of drug stores charged $164 or more to uninsured patients for Lilly’s Insulin Lispro. Lilly said at the time it would drop the price of its Lispro insulin injection, a generic version of its own branded Humalog, to $25 a vial. The senator’s office found chain stores charged uninsured customers an average of $123 per vial for the generic insulin, compared to $63 at independent pharmacies. “This is a deeply troubling finding, revealing that the pharmacies offering the most affordable Insulin Lispro were the least likely to have it in stock,” the report said. Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association.

Persons: Eli Lilly, George Frey, Eli, Elizabeth Warren’s, Lilly, Joe Biden’s, drugmaker, Warren, Patrick Wingrove, Caroline Humer, Bill Berkrot Organizations: Company, REUTERS, Novo Nordisk, Sanofi, U.S, National Community Pharmacists Association, Democrat, Walgreens Boots Alliance, Walmart, Rite, CVS Health, Aid, CVS, Walgreens, Rite Aid, American Diabetes Association, Thomson Locations: Provo , Utah, U.S, Indianapolis, United States, New York

☆ Actors union will join writers on strike, shutting down Hollywood
▼ + stars: | 2023-07-13 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

Hollywood actors are officially headed to the picket line. Unable to reach a deal with producers, members of The Screen Actors Guild - American Federation of Television and Radio Artists will join up with more than 11,000 already striking film and television writers starting at midnight. The failed negotiations with the Alliance of Motion Picture and Television Producers means film and television productions featuring actors will immediately halt, essentially shutting down Hollywood. "We are the victims here," said Fran Drescher, president of the actors union, during a press conference Thursday. During the strike actors will not be permitted to promote past projects through conventions, interviews or panels.

Persons: It'll, Fran Drescher, Oppenheimer, Christopher Nolan, Drescher Organizations: Guild of America, Netflix, Alliance, Producers, Hollywood, American Federation of Television, Radio Artists, Television Producers, SAG, Fox, WGA Locations: Los Angeles , California, U.S, Hollywood, London

☆ Actors strike looms as midnight deadline approaches, union slams producers' tactics
▼ + stars: | 2023-07-12 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

If extended talks between the Screen Actors Guild - American Federation of Television and Radio Artists and the Alliance of Motion Picture and Television Producers fail by midnight in Los Angeles, 160,000 actors will join already-striking writers on the picket lines on Thursday. SAG-AFTRA disputed reports that the AMPTP made the request for mediation after an emergency meeting Monday with several top Hollywood executives. The union said media reports were published before it was informed that producers were requesting mediation. According to the reports, producers expect that the underpaid workers will run out of money and possibly lose their homes and be forced to come to the bargaining table. NBCUniversal is a member of the Alliance of Motion Picture and Television Producers.

Persons: AFTRA Organizations: WGA, Guild of America, Netflix, Hollywood, Screen, American Federation of Television, Radio Artists, Alliance, Television, SAG, Warner Bros, Disney, Comcast, CNBC, Television Producers Locations: Los Angeles , California, Los Angeles, NBCUniversal

☆ Inspired Eubanks upsets Briton Norrie
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +3 min

"There's tons of really good tennis players who play professional tennis who never get the chance to play the number one Brit at Wimbledon in an atmosphere like this," Eubanks said. For a player making his Wimbledon debut, Eubanks showed no signs of nerves as Norrie failed to win a point off the American's serve until the seventh game of the match. Rallies were also in short supply as Eubanks mixed power and finesse with his serve and volley game to baffle Norrie to take the opening set. Errors crept into his game in the second set, however, which allowed Norrie to race into a 3-0 lead and the Briton, egged on by a vocal home crowd, levelled the match. Eubanks's power game seemed unsustainable, but the American broke early in the third set and clinched it.

Persons: Christopher Eubanks, Britain’s Cameron Norrie REUTERS, Hannah Mckay LONDON, Cameron Norrie, Eubanks, Norrie, egged, Roger Federer, Federer, Rohith Nair, Ed Osmond Organizations: Lawn Tennis, Croquet Club, British, Wimbledon, NBA, All England Club, Mallorca, American, Brit, Thomson Locations: London, Britain, American, Bengaluru

☆ US layoffs fall to seven-month low in June, report says
▼ + stars: | 2023-07-06 | by ( Safiyah Riddle | ) www.reuters.com time to read: +2 min

REUTERS/Shannon Stapleton(Reuters) - American employers slowed downsizing in June, announcing the lowest number of layoffs since October 2022. The planned pace of layoffs in June was well above the 32,517 cuts announced in June 2022. There are 458,209 cuts so far this year, a 244% increase from the 133,211 layoffs announced through June 2022, as employers brace for the prospect of recession. Last month’s announced job cuts total was the highest for a month of June since 2020. The technology sector continues to downsize the fastest with 141,516 total job cuts announced this year, up 2,353% from 5,769 over the same period in 2022.

Persons: Shannon Stapleton, ” Andrew Challenger, month’s Organizations: REUTERS, Reuters, Federal Reserve, Fed, Challenger, Department of Labor Locations: New York City, U.S

☆ Pegula races to second-round victory over Spain's Bucsa
▼ + stars: | 2023-07-06 | by ( Clare Lovell | ) www.reuters.com time to read: +1 min

The Florida-based Pegula made a business-like job of wrapping up the first set before Bucsa, 25, had really settled. Pegula then raced to a 4-0 lead in the second, getting the better of the baseline rallies with pounding groundstrokes. But Bucsa found some form mid-set, producing deft drop shots and fine angles to claw back four games as Pegula's intensity waned. "I definitely feel I can go deep here ... a short-term goal to get into the second week." Pegula will meet Italy's Elisabetta Cocciaretto in the third round.

Persons: Jessica Pegula, Spain's Cristina Bucsa, Dylan Martinez, Cristina Bucsa, Pegula, Bucsa, Italy's Elisabetta Cocciaretto, Clare Lovell, Ken Ferris Organizations: Lawn Tennis, Croquet Club, Spain's Cristina Bucsa REUTERS, Dylan Martinez LONDON, Wimbledon, Thomson Locations: London, Britain, American, Florida, Pegula

☆ Tiafoe sees off Wu to march into Wimbledon second round
▼ + stars: | 2023-07-05 | by ( ) www.reuters.com time to read: +3 min

I'm happy to get the win and hope you guys enjoyed it," said Tiafoe. "I love playing on grass and I have high hopes here for Wimbledon," added Tiafoe, who warmed up by winning the Stuttgart grasscourt title. "I'm a really relaxed guy but I do like finishing a tennis match. The 10th seed, who reached the fourth round last year, meets Swiss qualifier Dominic Stricker or Australian Alexei Popyrin in the next round. The world number nine, along with Tiafoe, is now looking to become the first American men's Grand Slam champion since Andy Roddick won the U.S. Open in 2003.

Persons: Frances Tiafoe, China's Yibing Wu, Hannah Mckay LONDON, Wu Yibing, Tiafoe, Pete Sampras, it's, you've, Wu, Dominic Stricker, Alexei Popyrin, Taylor Fritz, Mikael Ymer, Yannick Hanfmann, Fritz up, Andy Roddick, Shrivathsa Sridhar, Ed Osmond Organizations: Lawn Tennis, Croquet Club, Wimbledon, Stuttgart, Swiss, U.S, Thomson Locations: London, Britain, Bengaluru

☆ U.S. Open second round underway after Fowler, Schauffele make hot starts
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +1 min

[1/2] Jun 15, 2023; Los Angeles, California, USA; Rickie Fowler hits a tee shot on the 8th hole during the first round of the U.S. Open golf tournament at Los Angeles Country Club. Mandatory Credit: Kiyoshi Mio-USA TODAY SportsLOS ANGELES, June 16 (Reuters) - Americans Rickie Fowler and Xander Schauffele will look to build on their record-breaking starts to the U.S. Open as the second round began on Friday at the Los Angeles Country Club. They produced matching eight-under-par 62s on Thursday, the lowest round in U.S. Open history, after 2014 runner-up Fowler poured in a tournament-record 10 birdies and world number six Schauffele avoided a bogey all day to take a share of the lead. Both Rose and Day will have their work cut out, after carding a six-over par 76 and three-over par 73, respectively. Reporting by Amy Tennery in New York Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Rickie Fowler, Kiyoshi Mio, Xander Schauffele, Fowler, Justin Rose of England, Jason Day, Byron Nelson, Rose, Viktor Hovland, Jon Rahm of, LIV Golf's Dustin Johnson, Wyndham Clark, Brian Harman, Rory McIlroy, LIV, Amy Tennery, Toby Davis Organizations: U.S, Los Angeles Country Club, LOS ANGELES, PGA Tour, . Justice, Thomson Locations: Los Angeles , California, USA, Jon Rahm of Spain, New York

☆ Fowler leads midway through U.S. Open first round
▼ + stars: | 2023-06-15 | by ( ) www.reuters.com time to read: +1 min

LOS ANGELES, June 15 (Reuters) - American Rickie Fowler held the early lead at the U.S. Open on Thursday with Xander Schauffele in a group one shot back and Masters champion Jon Rahm four adrift midway through his first round at the Los Angeles Country Club. Fowler, runner-up in 2014, started on the back nine and produced six birdies and two bogeys through his first 10 holes. The 123rd U.S Open got underway against the backdrop of the bombshell announcement of a partnership between the PGA Tour, DP World Tour and the Saudi backers of the LIV circuit. Defending champion Matt Fitzpatrick is in a group with last year's British Open winner Cameron Smith, one of the breakaway tour's biggest recruits. One of the morning's biggest attractions was an all-American grouping of world number one Scottie Scheffler with twice major champion Collin Morikawa and home favourite Max Homa.

Persons: Rickie Fowler, Xander Schauffele, Jon Rahm, Fowler, Rahm, Rory McIlroy, LIV, LIV Golf's Brooks Koepka, Matt Fitzpatrick, Cameron Smith, Scottie Scheffler, Collin Morikawa, Max Homa, Scheffler, Amy Tennery, Toby Davis, Ed Osmond Organizations: U.S, Los Angeles Country Club, 123rd U.S, PGA, Saudi, Thomson Locations: ANGELES, Saudi, British, Homa, New York

WASHINGTON, June 9 (Reuters) - American Airlines (AAL.O) and JetBlue Airways (JBLU.O) asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. Codeshares allow multiple airlines to sell seats for the same flight. The Justice Department said Sorokin should reject the airlines "invitation to craft a new 'NEA Lite' on the fly." American is the largest U.S. airline by fleet size and low-cost carrier. Separately, the Justice Department filed suit in March aimed at stopping JetBlue from buying discount rival Spirit Airlines (SAVE.N).

Persons: Leo Sorokin, Sorokin, David Shepardson, Diane Craft Organizations: American Airlines, JetBlue Airways, District, Northeast Alliance, NEA, Justice Department, American, JetBlue Boston, U.S, JetBlue, Department, Spirit Airlines, Thomson Locations: New York, Boston, Washington, York, JFK, LaGuardia, Newark

☆ Zhang triumphs in playoff to win in pro debut on LPGA Tour
▼ + stars: | 2023-06-05 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, June 4 (Reuters) - American Rose Zhang prevailed in a tense playoff against compatriot Jennifer Kupcho to claim at the Mizuho Americas Open title and become first woman in more than 70 years to win on her professional debut at an LPGA Tour event on Sunday. "It was just last week that I won NCAAs with my team mates and to turn pro and come out here, it's just been amazing." Got a taste of the pressure, got a taste of the wind and I tried to stay composed as always," said Zhang. Zhang, who won the Augusta National Women's Amateur in April, is the second woman to win in her pro debut on the tour after Beverly Hanson in 1951. Reporting by Amy Tennery; Additional reporting by Nick Mulvenney in Sydney; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

Persons: Rose Zhang, Jennifer Kupcho, it's, Zhang, Beverly Hanson, Amy Tennery, Nick Mulvenney, Christopher Cushing Organizations: YORK, Mizuho, Liberty, Augusta National, Amateur, Thomson Locations: Sydney

☆ American Airlines aviators reject merger with world's largest pilots' union
▼ + stars: | 2023-06-02 | by ( ) www.reuters.com time to read: +1 min

June 2 (Reuters) - American Airlines Group's (AAL.O) pilot leaders have rejected efforts to join the Air Line Pilots Association (ALPA), union spokesman for the U.S. carrier's aviators, Dennis Tajer, said on Friday. Support from the Allied Pilots Association (APA) board fell short of the two-thirds needed to start merger talks with fast-growing ALPA, the world's largest pilots' union, which recently joined forces with aviators at Air Canada (AC.TO). Pilots at North American carriers are making workplace gains in new contracts as travel rebounds from the pandemic. Allied, which reached a tentative deal last month that boosts pay by 21% in 2023, agreed in November to create a merger committee to look at joining forces with fast-growing ALPA. The group AA Pilots for ALPA, which supported a merger, said in a statement they were disappointed by the APA board of directors' decision which was made on Thursday afternoon.

Persons: Dennis Tajer, Allison Lampert, Matthew Lewis Organizations: American Airlines, Air Line Pilots Association, U.S, Allied Pilots Association, Air Canada, Pilots, North, AA Pilots, ALPA, APA, Thomson Locations: Montreal

[1/5] Cast members Issa Rae, Lauren Velez, Shameik Moore, Daniel Kaluuya, Jake Johnson and Hailee Steinfeld attend the premiere for Spider-Man: Across the Spider-Verse in Los Angeles, California, U.S., May 30, 2023. For their sequel to 2018's "Spider-Man: Into the Spider-Verse," they have sought to build new worlds to immerse audiences in a web of animated adventure. The voice cast includes Issa Rae as Spider-Woman, Oscar Isaac as Spider-Man 2099, Daniel Kaluuya as Spider-Punk and Brian Tyree Henry as Miles' father, Jefferson Davis. The pre-pandemic "Spider-Man: Into the Spider-Verse" raked in over $35 million during its first three days of release and went on to win the 2019 Oscar for best animated feature film. Despite some concerns that those box-office-busting days are far from returning, "Spider-Man: Across the Spider-Verse" is forecast to open with $95 to $130 million in the U.S. and Canada.

Persons: Issa Rae, Lauren Velez, Shameik Moore, Daniel Kaluuya, Jake Johnson, Hailee Steinfeld, Mario, Christopher Miller, Phil Lord, Miller, they've, Miles Morales, Gwen Stacy, Brian Michael Bendis, Sara Pichelli, Gwen, Oscar Isaac, Spider, Brian Tyree Henry, Miles, Jefferson Davis, unapologetically, Rae, Henry, Oscar, Andy Warhol, Stephen Hawking, Owen Gleiberman, Danielle Broadway, Rollo Ross, Jorge Garcia, Mary Milliken, Rosalba O'Brien Organizations: REUTERS, Sony, Miles Morales Marvel, Reuters, Rotten, Variety, Thomson Locations: Los Angeles , California, U.S, ANGELES, Los Angeles, Canada

☆ American Airlines raises second-quarter profit outlook on lower fuel costs
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +1 min

May 31 (Reuters) - American Airlines Group Inc (AAL.O) on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand. Travel demand has stayed strong even amid worries of a looming recession, with travel during the Memorial Day weekend topping 2019 pre-COVID levels for the first time. American Airlines Group forecast second-quarter adjusted profit in the range of about $1.45 to $1.65 per share, compared with its previous outlook of about $1.20 to $1.40 per share. The company expects average fuel price per gallon, including taxes, to be about $2.55 to $2.65 in the second quarter, down from its previous estimate of about $2.65 to $2.75. Reporting by Shivansh Tiwary in Bengaluru; Editing by Savio D'Souza and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Shivansh, Savio D'Souza, Shounak Organizations: American Airlines Group Inc, American Airlines Group, Thomson Locations: Bengaluru

May 31 (Reuters) - American Airlines Group (AAL.O) will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp (JBLU.O), American CEO Robert Isom said on Wednesday. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference. American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth largest. Even as the Texas-based carrier prepares to appeal the ruling, Isom said it will have to work with the Justice Department and JetBlue to figure out what it does in the interim. American, which reiterated its full-year profit forecast Wednesday, doesn't expect the court ruling to have a material impact on its earnings.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Sorokin, Joe Biden's, doesn't, Rajesh Kumar Singh, David Shepardson, Diane Bartz, Deepa Babington, Lisa Shumaker Organizations: American Airlines Group, JetBlue Airways Corp, . U.S, District, Bernstein Conference, JetBlue, U.S . Justice Department, U.S, Justice Department, Thomson Locations: U.S, American, ., Boston, New York, Texas, Chicago, Washington

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