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[1/2] An American Airlines Airbus A321-200 plane takes off from Los Angeles International airport (LAX) in Los Angeles, California, U.S. March 28, 2018. In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." Garland said the Justice Department will continue to protect competition and enforce U.S. antitrust laws across industries, including the airline industry. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

The Allied Pilots Association (APA), which represents over 13,000 pilots at Texas-based American, said on Friday it will move forward with completing contractual language before presenting the contract to its board for an approval. The sources said the contract lasts four years with pay rates comparable to those secured by pilots at Delta Air Lines (DAL.N). Delta's pilots in March ratified their contract which includes over $7 billion in cumulative increases in pay and benefits over four years. It underscores pilots' bargaining power as airlines rush to boost staff numbers ahead of what is shaping up to be a busy summer travel season. American, Delta, United Airlines (UAL.O) and Southwest Airlines (LUV.N) are estimated to hire about 8,000 pilots this year.

In his ruling, U.S. District Judge Leo Sorokin said the partnership "substantially diminishes competition in the domestic market for air travel." American is the largest U.S. airline by fleet size and low-cost carrier JetBlue is the sixth-largest. The Justice Department did not immediately respond to a request for comment. The judge gave the airlines 30 days to end the alliance. TD Cowen analyst Helane Becker said she believes the American JetBlue ruling "has negative implications for the JetBlue/Spirit merger."

☆ Supreme Court gifts Big Tech best kind of boring
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, May 19 (Reuters Breakingviews) - American tech giants have two new things to celebrate, and one less thing to worry about. The U.S. Supreme Court on Thursday unanimously protected Twitter from being sued for militant-group content on its platform. Together, the rulings reinforce internet platforms’ legal shield and kick a regulatory crackdown further down the road. With the Supreme Court siding in their favor, Big Tech can breathe a sigh of relief. The Supreme Court ruling leaves that debate stuck in Congress, exactly where tech giants want it.

☆ Gig work value is too great to rush a US overhaul
▼ + stars: | 2023-05-11 | by ( Ben Winck | ) www.reuters.com time to read: +4 min

Julie Su, the president’s choice for labor secretary, has a history of redefining gig work. And while health insurance and retirement savings are valuable perks, gig workers view flexibility in the same way. Half of surveyed gig workers, meanwhile, make less than a quarter of their income from freelancing. Gig work has also grown alongside traditional employment, not at its expense. With most gig workers happy as they are, a one-size-fits-all rethink threatens pointless harm to a growing corner of the economy.

☆ Insurer AIG exceeds profit estimates on strong underwriting gains
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

May 4 (Reuters) - American International Group Inc (AIG.N) beat market estimates for first-quarter profit on Thursday, as record underwriting gains cushioned the blow from lower alternative investment returns. AIG, one of the world's biggest commercial insurers, said net premiums written in its general insurance for the quarter ended March grew 5% to $6.97 billion. Total consolidated net investment income rose 9% to $3.5 billion, partially offset by lower alternative investment income, AIG said. The New York-based company's general insurance underwriting income rose 13% to $502 million, its strongest first-quarter underwriting results, the insurer said. The general insurance accident year combined ratio was 88.7%, compared with 89.5%, a year earlier.

REUTERS/Andrew KellyNEW YORK, May 1 (Reuters) - American basketball star Brittney Griner stepped onto the red carpet at the star-studded Met Gala on Monday, embracing a larger spotlight months after returning home from detention in a Russian penal colony. The twice Olympic champion has pledged to advocate for the release of other Americans detained abroad after she was freed from Russia in a high-profile prisoner exchange after nearly 10 months of detention. "I was able to come home," Griner told Vogue at the gala. "It is everything, to be here with my wife able to be here it means so much," Griner said. Twenty-times Grand Slam winner Roger Federer served as a co-chair of the event while China's twice Olympic champion freestyle skier Eileen Gu was also in attendance.

☆ Gooch holds off Garcia in Singapore playoff for back-to-back LIV tour wins
▼ + stars: | 2023-04-30 | by ( ) www.reuters.com time to read: +1 min

April 30 (Reuters) - American Talor Gooch beat Sergio Garcia in a playoff to claim victory in a weather-affected LIV Golf Invitational in Singapore on Sunday and secure a second $4 million winner's pay cheque in as many LIV tour appearances. The American, who also won the LIV Golf event in Adelaide last week, went into the final round tied with Garcia, with Brooks Koepka one stroke behind them in solo third. Koepka lost some ground on the back nine and eventually settled for third, but Gooch and Garcia remained neck-and-neck until the end and both birdied on the final hole to send it into the tiebreak. "This is as good as it gets, plain and simple," Gooch said. Reporting by Aadi Nair in Bengaluru; Edited by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Record-holder Shiffrin looks to break new ground in downhill
▼ + stars: | 2023-04-27 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

Shiffrin surpassed Swedish great Ingemar Stenmark's record with an 87th World Cup win last month and then extended her haul to 88 titles as she etched her name in the pantheon of sporting greats. A slalom specialist by trade, having won 53 of her World Cup golds in the event compared to just three in the downhill - the 28-year-old wants to broaden her skillset. "I don't think I could ever switch from slalom to downhill. But I do feel like I want to branch more into exploring what my abilities are in downhill," said Shiffrin. So I feel, like, quite comfortable - slalom giant, slalom super-G - but downhill is a little bit of an unexplored world for me."

☆ Americans Corpuz, Yin sit atop Chevron leaderboard heading into final round
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +3 min

April 22 (Reuters) - Americans Allisen Corpuz and Angel Yin charged up the leaderboard to share a one-shot lead at 10-under par after a pair of near-flawless performances in the third round of the Chevron Championship on Saturday. "Been playing really solid these last three days," the 25-year-old said in a televised interview. "I've just been trying to tell myself, you know, get more comfortable in contention, just keep learning from every experience." "It was one of those days -- everything felt so easy and everything felt in sync," she said in a televised interview. The second round of the tournament wrapped up early on Saturday after organisers were forced to halt play due to darkness.

☆ AmEx profit takes a hit from reserve buildup as slowdown worries rise
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +1 min

[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. "We're mindful of the mixed signals in the external environment," said Chief Executive Stephen Squeri in a statement. AmEx profit fell 13% to $1.8 billion, or $2.40 per share, for the three months ended March 31, missing analysts' average estimate of $2.66 per share, according to Refinitiv data. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10. Reporting by Siddarth S in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

[1/2] American Express logo and trading symbol are displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. Shares fell as much as 7% to a near three-month low of $154.01 as expenses surged 22% to $11.1 billion in the first quarter, higher than expectations of $10.4 billion. "While the elevated provision does not come as a surprise, the miss on expenses is likely the driving force behind the shares' move lower," UBS analysts wrote in a client note. The company, however, reaffirmed its profit forecast for 2023 as spending by customers on travel and entertainment surged 39%. It expects to earn $11 to $11.40 per share compared to analysts' estimate of $11.10.

☆ Kupcho expecting different challenge in Chevron defence
▼ + stars: | 2023-04-18 | by ( ) www.reuters.com time to read: +1 min

April 18 (Reuters) - American Jennifer Kupcho is expecting a very different challenge as she defends her first major title away from the familiar surrounds of last year's triumph, with the Chevron Championship kicking off the women’s major calendar at a new Texas venue after more than 50 years in its former Palm Springs home. Kupcho had yet to clinch a LPGA Tour title before her victory last year, when she held on through a nervy back nine to win by two shots. Yet the world number 20 will find very different conditions this year at Carlton Woods course. The 25-year-old picked up two more wins on the tour after her Chevron title but has struggled to make much of an impact in 2023, most recently finishing tied for 25th at the DIO Implant LA Open. Feel like I have my feet under me and ready to go," Kupcho added.

☆ American Airlines profit forecast disappoints; shares tumble
▼ + stars: | 2023-04-12 | by ( Aishwarya Nair | ) www.reuters.com time to read: +2 min

April 12 (Reuters) - American Airlines Group Inc (AAL.O) on Wednesday forecast first-quarter profit below market expectations, joining rival United Airlines (UAL.O) in signaling a hit from persistently high labor and fuel costs. "We had expected American to come in towards the better end in a similar manner as JetBlue's guidance update provided in mid-March," Syth added. Airlines' shares in 2023The airline industry has been able to survive the broader economic slowdown in the United States, thanks also to tight airline capacity due to shortages of aircraft and spare parts. On an adjusted basis, it forecast a quarterly per-share profit of between 1 cent and 5 cents, compared with its previous forecast of a near break-even. Southwest Airlines Co (LUV.N) closed down 1.4%, United was down 6.5% and Delta was down 2.4%.

☆ American Airlines signals profit hit from rising labor, fuel costs
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +2 min

April 12 (Reuters) - American Airlines Group Inc (AAL.O) on Wednesday forecast first-quarter profit below market expectations, joining bigger rival United Airlines (UAL.O) to signal a hit from persistently high labor and fuel costs. The dull outlook pushed its shares more than 8% lower and weighed on other major U.S. airlines. Higher fares amid rising global travel have so far helped the airlines industry mitigate rising costs, but concerns over the sustainability of consumer demand have gained ground against the backdrop of high borrowing costs, inflation and job losses. American had in January said that its fuel price has increased by nearly 70%. However, on an adjusted basis, it forecast quarterly profit per share between 1 and 5 cents compared to analysts' expectation of 6 cents, according to Refinitiv data.

☆ American Airlines will cut some New York flights this summer
▼ + stars: | 2023-04-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, April 3 (Reuters) - American Airlines (AAL.O) said Monday it will join other major carriers in temporarily cutting some New York City area flights this summer after the Federal Aviation Administration temporarily relaxed some minimum flight requirements. Air travelers could face another rough summer as carriers struggle to meet burgeoning flight demands after the pandemic. The airline added "it is disappointing to reduce flights for customers as they plan their summer holidays and as New York City works to rebound from the pandemic." Airlines have already cut about 10% of scheduled flights this spring to address performance issues, said trade group Airlines for America. Last summer air traffic control staffing was a factor in delays of 41,498 flights from New York airports.

☆ Jailed WSJ reporter in Russia files appeal as U.S. pushes for his release
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +2 min

[1/3] Reporter for U.S. newspaper The Wall Street Journal Evan Gershkovich, detained on suspicion of espionage, leaves a court building in Moscow, Russia March 30, 2023. A Moscow court last Thursday remanded the Wall Street Journal reporter in pre-trial detention until May 29 on charges that carry a prison term of up to 20 years. The Wall Street Journal has "vehemently denied" the charges against Gershkovich, labelled them a "vicious affront to a free press" and called for his immediate release. The case is the most serious move against an American reporter in Russia since the end of the Cold War. Wall Street Journal Editor-in-Chief Emma Tucker told The Times on Monday she was "hopeful" Gershkovich would be able to speak to a lawyer "sometime next week".

☆ Judge fires as Yankees make fast start
▼ + stars: | 2023-03-30 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

[1/2] Mar 30, 2023; Bronx, New York, USA; New York Yankees center fielder Aaron Judge (99) hits a solo home run against the San Francisco Giants during the first inning at Yankee Stadium. Mandatory Credit: Brad Penner-USA TODAY SportsNEW YORK, March 30 (Reuters) - American League MVP Aaron Judge kicked off the New York Yankees season in style on Thursday, launching a solo homer in his first at-bat of the year in a 5-0 win over the San Francisco Giants. Judge quickly reminded the sellout crowd at Yankee Stadium why hope springs eternal for the 27-times world champions, however, launching one over the center field wall after assuming the captain's job in the off-season. While Judge is coming off a blockbuster 2022 in which he broke the AL single-season home run record, however, he cannot do it alone. Judge and DJ LeMahieu added to the advantage with an RBI each in the seventh.

☆ American Airlines to pause a route due to Boeing Dreamliner delays
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kamil KrzaczynskiMarch 24 (Reuters) - American Airlines Group (AAL.O) said on Friday it would suspend its Philadelphia-Madrid route for a few weeks in May and early June due to a delay in deliveries of Boeing Co's (BA.N) 787 Dreamliners. Boeing delivered a 787 to American earlier this month and the airline is slated to get three more this year. "We continue to work with our customers, including American Airlines, on delivery timing and deeply regret the impact to their operations. American Airlines said it was making schedule adjustments to re-accommodate passengers on affected flights. "We remain committed to our customers and team members and mitigating the impact of the 787 delivery delays while continuing to offer a robust international network this summer," American Airlines said in a statement.

☆ TikTok pile-on opens two cans of worms
▼ + stars: | 2023-03-23 | by ( Jennifer Saba | ) www.reuters.com time to read: +3 min

Yet the bipartisan attack on the short-form video app, owned by China-based ByteDance, really points to two different complications – and each, in turn, opens up a much bigger can of worms. The overarching reason for Chew’s appearance is that President Joe Biden’s administration, and many in Congress, think TikTok’s Chinese backing makes it a dangerous tool of the People’s Republic. Committee Chair Cathy McMorris Rodgers accused TikTok of collecting biometric data and manipulating what information users see. It’s not just TikTok that potentially vacuums up consumer details while having close links to China. Follow @jennifersaba on TwitterCONTEXT NEWSTikTok Chief Executive Shou Zi Chew appeared before the U.S. House of Representatives Energy and Commerce Committee on March 23.

☆ American Airlines loses fight over Delta airport slots
▼ + stars: | 2023-03-16 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

LUXEMBOURG, March 16 (Reuters) - American Airlines (AAL.O), which gave up rights to two airport slots to Delta Air Lines' (DAL.N) in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. American gave up the takeoff and landing rights at Heathrow and Philadelphia airports to get antitrust approval for its merger with US Airway. The European Commission picked Delta to take up the slots. The EU Court of Justice (CJEU), Europe's highest, dismissed American's arguments that Delta did not fulfil its obligation to use the slots regularly. American complained that Delta had not made appropriate use of the slots as required under grandfather rights, prompting the EU competition watchdog to issue a decision in 2018 backing its rival.

☆ American Airlines prepared to match Delta's pilot pay rates, CEO says
▼ + stars: | 2023-03-08 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, March 7 (Reuters) - American Airlines (AAL.O) is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines (DAL.N) has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract. Total pay increases in the fourth year of the contract deal would be 40%, he said.

☆ American Airlines CEO tells pilots the carrier will match Delta's pay
▼ + stars: | 2023-03-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

FILE - American Airlines President Robert Isom speaks at a news conference about the company's new partnership with Alaska Airlines, Thursday, Feb. 13, 2020, in Seattle. American Airlines CEO Doug Parker will retire next March and be replaced by the airline's current president, Robert Isom. American Airlines is prepared to raise pilots' wages to match that of Delta Air Lines ' pilots in a new contract, including 40% cumulative pay increases in a four-year deal, CEO Robert Isom said in a message to pilots. "Let me be clear, American is prepared to match Delta's pay rates and provide American's pilots with the same profit-sharing formula as Delta's pilots," Isom said in the message to pilots, sent on Tuesday and seen by CNBC. The Allied Pilots Association, American Airlines pilots' union, didn't immediately comment on Isom's statement.

The complaint, which was filed in Boston federal court, said that JetBlue planned to remove 10% to 15% of seats from every Spirit plane. "Fewer seats means fewer passengers - and higher prices for those who can still afford to make their way onto the plane. Spirit shares were up about 1.8% on Tuesday after dipping the previous day on expectations of a lawsuit. JetBlue had previously said it expected the deal to close in early 2024, leaving time for litigation if necessary. JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.

WASHINGTON, March 7 (Reuters) - The U.S. Justice Department filed a lawsuit on Tuesday to stop JetBlue Airways (JBLU.O) from buying Spirit Airlines <SAVE.N>, saying that the planned merger "would put travel out of reach for many cost-conscious travelers." The complaint, which was filed in Boston federal court, said that JetBlue planned to remove 10% to 15% of seats from every Spirit plane. This is unlikely to stop business travelers flying on corporate expense accounts, but would put travel out of reach for many cost-conscious travelers," the complaint said. JetBlue had previously said it expected the deal to close in early 2024, leaving time for litigation if necessary. JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.

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