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   Non-TechAirline Discussion Board


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From: Sam11/30/2021 7:44:26 AM
2 Recommendations   of 1830
 
BUZZ-Moderna CEO warns COVID-19 vaccines may be less effective against new variant
** Alaska Air Group Inc: down 2.6% premarket
** American Airlines Group Inc: down 2.5% premarket
** Southwest Airlines Co: down 2.3% premarket
** Delta Air Lines Inc: down 2.7% premarket
** United Airlines Holdings Inc: down 2.9% premarket
** Spirit Airlines Inc: down 3.1% premarket
** JetBlue Airways Corporation: down 2.7% premarket
** The Boeing Company: down 2.3% premarket
** Company's Name: down 2.6% premarket
** Royal Caribbean Cruises Ltd: down 2.5% premarket
** Carnival Corporation: down 3.2% premarket
** TripAdvisor Inc: down 3.0% premarket
** Expedia Group Inc: down 3.2% premarket
** Booking Holdings Inc: down 1.6% premarket
** Marriott International Inc: down 2.5% premarket
** Hilton Worldwide Holdings Inc: down 2.3% premarket
** Hyatt Hotels Corporation: down 1.8% premarket
** Melco Resorts & Entertainment Limited: down 1.2% premarket
** Wynn Resorts Limited: down 2.1% premarket
** MGM Resorts International: down 2.7% premarket
** Las Vegas Sands Corp: down 2.4% premarket

BUZZ-Travel stocks tumble again as COVID-19 fears resurface


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From: Moonray11/30/2021 3:14:06 PM
   of 1830
 

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From: Sam12/3/2021 6:18:03 PM
   of 1830
 
Scrutiny of U.S. airline assistance grows in Congress
Reuters December 03, 2021 05:31:00 PM ET

WASHINGTON, Dec 3 (Reuters) - The leaders of the U.S. House Transportation Committee have asked a major airline industry trade group to answer questions about $54 billion in government payroll aid carriers got.

Committee chair Peter DeFazio, a Democrat, and the panel's top Republican Sam Graves, asked Airlines for America (A4A) to answer questions about staffing reductions despite the taxpayer assistance.

The lawmakers in a letter late Thursday noted questions have been raised about disruptions at two major U.S. carriers in recent months. They asked in the letter if that is the result of "a shortage of workers in key operational areas, despite the approximately $50 billion in aid" from Congress.

"We expect airlines to take whatever measures are available to ameliorate any short-staffing issues and begin to address longer-term workforce shortages."

The letter comes as the Senate Commerce Committee has invited the chief executives of seven major U.S. airlines to testify at an oversight hearing now expected to take place Dec. 15.

Senator Maria Cantwell, a Democrat who chairs the panel, is inviting the CEOs of American Airlines, Delta Air Lines , Southwest Airlines, United Airlines, JetBlue Airways, Alaska Airlines and Spirit Airlines to testify, Reuters reported earlier this week.

Many of those CEOs are expected to be in Washington on Dec. 15 to take part in an A4A meeting, officials said.

Cantwell said the CEOs should testify.

"I would encourage them to show up," Cantwell told Reuters on Wednesday. "I think it is bad faith not to show up ... The public deserves to know some answers."

She added "we're going to do our oversight role because this was a lot of money."

The airlines declined comment or did not immediately comment.

Starting in March 2020, Congress approved three separate rounds of taxpayer bailouts totaling $54 billion to cover much of U.S. airlines' payroll costs through Sept. 30 as a result of the COVID-19 pandemic.

Airlines that received government assistance were not allowed to issue involuntary layoffs or cut worker pay. They also had to limit executive compensation and halt share buybacks and dividend payments.



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From: Sam12/6/2021 2:07:40 PM
2 Recommendations   of 1830
 
Airline stocks took flight Monday, as some encouraging comments from Dr. Anthony Fauci regarding the omicron variant's severity helped calm investor fears regarding potential future travel restrictions. The U.S. Global Jets ETF (JETS) jumped 7.2% in midday trading, toward its biggest one-day gain in 13 months, with 43 of 50 equity components gaining ground. The ETF has now gained 11.3% since closing at a 13-month low on Dec. 1. Among the best performing and most- active U.S.-listed components, shares of United Airlines Holdings Inc. (UAL) climbed 11.1% in midday trading, was the S&P 500's second-biggest gainer and was on track for the best day since Nov. 9, 2020. Among other more-active U.S. air carriers, shares of American Airlines Group Inc. (AAL) rallied 10.2%, Delta Air Lines Inc. (DAL) ran up 8.6%, Southwest Airlines Co. (LUV) rose 5.3% and JetBlue Airways Corp. (JBLU) jumped 7.6%. The stocks' gains come amid a broad market rally, with the S&P 500 up 1.2%.


-Tomi Kilgore For more from MarketWatch: marketwatch.com



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From: Moonray12/6/2021 4:21:38 PM
3 Recommendations   of 1830
 
U.S. is changing the rules for international travel
because of omicron. Here’s what you need to know

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From: Moonray12/6/2021 4:23:33 PM
2 Recommendations   of 1830
 
Boeing, travel stocks surge as investors shrug off omicron concerns

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From: OldAIMGuy12/10/2021 11:37:28 AM
1 Recommendation   of 1830
 
Airlines and JETS are having another downstroke today. I own JETS and also MESA. MESA doesn't appear in the top 50 JETS holding, so I don't know how much influence its sagging price today has on JETS. MESA dropped on a quarterly loss announced today due to the company taking "non-recurring losses."
JETS off 1.52%
MESA off 24.2%!!!

Best wishes,
OAG

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From: Sam12/13/2021 3:35:00 PM
1 Recommendation   of 1830
 
Delta Shares Lower After Plan to Invest in Virgin Atlantic, Aeromexico and LATAM
Dow Jones Newswires December 13, 2021 03:10:00 PM ET

Delta Air Lines shares were 3.2% lower, at $36.95, outpacing losses in the transportation and logistics sector, after the airline company said it would make investments in Virgin Atlantic, Aeromexico and LATAM of about $1.2 billion.

Delta said this comes as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient.

The airline said it is investing in Virgin Atlantic, Aeromexico and LATAM as each carrier emerges from restructuring or recapitalization. Upon completion of their respective processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. Delta said it would maintain its 49% equity stake in Virgin Atlantic.

Delta is currently anticipated to acquire one or both of reorganized LATAM common stock and unsecured convertible notes in a right offering, according to a U.S. Securities and Exchange Commission filing. The airline estimates its ownership interest in LATAM following the transaction would be substantially lower than the 20% it is today, according to the filing. LATAM in November said it filed a reorganization plan for a path forward to exiting Chapter 11.

Aeromexico in June 2020 filed for Chapter 11 in the U.S. amid the pandemic.

Virgin Atlantic said Monday it is getting a 400 million pound, or $530.8 million, new investment from shareholders Virgin Group and Delta.

"Throughout the pandemic, Delta has continued to invest in our future, including new aircraft orders, accelerating real estate projects and putting significant resources into health and safety measures to protect our employees and our customers," said Delta Chief Financial Officer Dan Janki. "Similarly, investing in our partners now--even as we continue to navigate the pandemic--is the right choice to support Delta's long-term strategy."

Write to Michael Dabaie at michael.dabaie@wsj.com



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To: Sam who wrote (1681)12/15/2021 10:13:08 AM
From: Moonray
2 Recommendations   of 1830
 
Airline CEOs face Senate panel over flight
cancellations after taking $54 billion in taxpayer aid

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From: Sam12/15/2021 10:22:00 PM
1 Recommendation   of 1830
 
U.S. airlines warn 5G wireless could wreak havoc with flights
Reuters December 15, 2021 08:41:00 PM ET

WASHINGTON, Dec 15 (Reuters) - Major U.S. air carriers warned on Wednesday that plans by wireless carriers to use spectrum for 5G wireless services starting Jan. 5 could disrupt thousands of daily flights and cost air passengers $1.6 billion annually in delays.

AT&T and Verizon Communications must delay the plans to use C-Band spectrum for 5G wireless services, United Airlines Chief Executive Scott Kirby said following a U.S. Senate Commerce Committee hearing, saying it could delay, divert or cancel about 4% of daily flights and impact hundreds of thousands of passengers.

"It would be a catastrophic failure of government," Kirby told reporters.

The aviation industry and the Federal Aviation Administration (FAA) have raised concerns about potential interference of 5G with sensitive aircraft electronics like radio altimeters

Last week, the FAA issued new airworthiness directives warning that interference from 5G wireless spectrum could result in flight diversions, but did not quantify the impact.

"Coming Jan. 5 -- unless something changes -- we will not be able to use radio altimeters at 40-something of the largest airports in the country," Kirby said. "It is a certainty. This is not a debate."

Kirby said it would mean that at major U.S. airports in the event of bad weather, cloud cover or even heavy smog "you could only do visual approaches essentially."

Trade group Airlines for America (A4A) said Wednesday that if the FAA 5G directive had been in effect in 2019, "approximately 345,000 passenger flights, 32 million passengers, and 5,400 cargo flights would have been impacted in the form of delayed flights, diversions, or cancellations."

Southwest Airlines' chief executive, Gary Kelly, told the Senate hearing that if the FAA directive takes effect it "would be a significant setback" to its operations.

The wireless industry defended the technology.

"The aviation industry's fearmongering relies on completely discredited information and deliberate distortions of fact," CTIA, a wireless trade group, said.

It said that 5G operates safely and without causing harmful interference to aviation operations in nearly 40 countries around the world.

The Biden administration is eager to see the issue resolved. White House National Economic Council director Brian Deese met with Federal Communications Commission Chair Jessica Rosenworcel and Transportation Secretary Pete Buttigieg on the issue Wednesday, sources told Reuters. The White House and the Transportation Department did not comment.

Republican Senator Marsha Blackburn at the hearing urged airlines to work with the wireless carriers to reach agreement.

Rosenworcel, who did not comment Wednesday, has said she believes the issues can be resolved and spectrum safely used.

In addition to agreeing to delay the commercial launch of C-band wireless service until Jan. 5, AT&T and Verizon in November adopted precautionary measures for six months to limit interference.

Aviation industry groups said they were insufficient to address air safety concerns and have made a counterproposal.

United's Kirby said the FCC and FAA "need to get in a room and talk to each other and solve the problem," adding that the issue "cannot be solved on the back of airlines."

A4A said the FAA directive would "materially disrupt airline operations" and said cargo operators estimate it "would have cost them $400 million annually."

The group said "the annual impact cost to passengers to be approximately $1.59 billion" of travel delays.

Wireless carriers have shown no interest in further delays to using the spectrum, which the industry paid more than $80 billion to acquire.

The FAA directives order revising airplane and helicopter flight manuals to prohibit some operations requiring radio altimeter data when in the presence of 5G C-Band wireless broadband signals.

The FAA plans to issue further notices to airlines before Jan. 5 offering more detail on the potential interference and is in discussion about which altimeters could be used under the current mitigation plans.

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