Fort Worth-based American Airlines is reporting better-than-expected profit for the fourth quarter, though it didn't disclose specifics on how the ongoing government shutdown has affected business as other major airlines like Southwest and Delta have. On a call with investors Thursday, executives said they saw some impact from the government shutdown but have not yet attached a dollar amount due to "uncertainty." They noted that the shutdown's impact was factored into their forecast for 2019.Executives reiterated their gratitude to the TSA and the company's commitment to safety for team members and customers, describing how the serious safety concerns expressed by aviation workers' unions are concerning to the company as well.The company posted net income of $319 million, or 69 cents per share. Earnings, adjusted for nonrecurring costs, came to $1.04 per share, or 2 cents better than expected, according to a poll by Zacks Investment Research.Revenue was $10.94 billion, just short … [Read more...] about American Airlines’ quarterly profit tops $319 million; no specifics on shutdown impact
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AN Ethiopian Airlines flight bound for Nairobi crashed this morning just six minutes after takeoff. Here's everything you need to know about the plane crash. When did the Ethiopian Airlines crash happen? An Ethiopian Airlines flight came down just after departing an Addis Ababa airport on the morning of March 10. Ethiopian Airlines issued a statement this morning confirming the crash - saying the flight took off at 8.38am before contact was lost at 8.44am. The pilot had reported difficulties shortly after takeoff and asked to turn the plane around. The jet, which came down around Bishoftu, or Debre Zeit, about 31 miles south of the capital city, is thought to have been delivered to the airline about four months ago. What caused the Ethiopian Airlines crash? It is not yet clear why the Ethiopian Airlines plane crashed but something went wrong not long after takeoff . Flight Radar suggested on Twitter that the plane had unstable vertical speed. A chilling radar map shows the flight not … [Read more...] about What caused the Ethiopian Airlines crash, did anyone die and when did it happen?
Oct 18, 6:34 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Suman Varandani @suman09 10/18/18 AT 6:01 AM An investigator has claimed to have found missing Malaysia Airlines Flight MH370's main body on Google Maps images of a Cambodian jungle. The fuselage was allegedly near the same area where video producer Ian Wilson claimed to have spotted the Boeing 777-200.According to pilot Daniel Boyer, who spoke to the Daily Star, he believes he found the body of MH370 just a few days after he allegedly discovered the tail and the cockpit of the aircraft on Google Maps. He said he had Google Maps images to back his claim. Boyer even added the images not only show the plane's fuselage but also Malaysia Airlines lettering. However, these claims could not be verified and there has been no official statement from authorities to support the latest theory.“I really think this image could show the … [Read more...] about MH370 Fuselage With Airline Lettering Spotted On Google Maps In Cambodia: Report
Mar 20, 8:33 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury Business By Owen Davis @odavis_ 04/02/16 AT 5:04 PM Alaska Air is likely to emerge victorious in an auction for Virgin America, edging out a rival bid from JetBlue Airways, sources told Reuters and the Wall Street Journal.The acquisition, which reportedly has yet to be finalized, would make the Alaska Air Group the fifth-largest carrier in the U.S., overtaking JetBlue, which currently holds that spot. Alaska Air is reportedly willing to pay around $2 billion for Virgin America, which is owned jointly by Richard Branson and Cyrus Capital Partners, a New York hedge fund.Alaska Air Group Inc. (ALK) Stock Price | FindTheCompanyWith a market capitalization of $1.5 billion, the San Francisco-based Virgin America is the ninth-largest airline in the U.S. by passenger traffic. Founded in 2007, the airline attempted a rapid expansion through breakneck discounts, only breaking … [Read more...] about Alaska Air Group Likely To Acquire Virgin Airlines In Auction: WSJ
Luz Lazo, The Washington Post Published 10:09 am PDT, Tuesday, March 26, 2019 A computer glitch is causing check-in delays for thousands of air travelers across the United States and Canada on Tuesday. Sabre, a company that airlines use for reservations, printing bag tags and check-in, was experiencing computer issues, according to airline officials, and that is affecting the check-in process at multiple airports. Passengers reported outages in major hubs, including LaGuardia Airport in New York, San Francisco International and Fort Lauderdale-Hollywood International in Florida. Passengers faced long lines, and many reported wait times of more than two hours. Officials with American Airlines said that the computer issues lasted only briefly and that they did not affect the carrier's flights. "Earlier today, Sabre had a brief technical issue that impacted multiple carriers, including American Airlines. This technical issue has been resolved. We apologize to our customers … [Read more...] about Long lines at airports as computer issues disrupt check-in process for multiple airlines