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   Non-TechAmerican Airlines Group, Inc.

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From: Sam1/25/2019 12:53:20 PM
   of 891
Imperial Capital lifts PTs on Southwest, American
Jan. 25, 2019 8:47 AM ET|By: Clark Schultz, SA News Editor

Imperial Capital warms up to a pair of airline stocks after factoring in the positive guidance updates heard in the sector this week. Looking beyond the short-term impact from the government shutdown, the analyst team sees earnings upside down the road.

IC lifts its price target on American Airlines (NASDAQ: AAL) to $46 from $42 and Southwest Airlines (NYSE: LUV) to $60 from $52. Both AAL and LUV rallied more than 6% yesterday.

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From: Sam2/17/2019 11:09:50 PM
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Southwest Airlines declares 'operational emergency' after number out-of-service aircraft doubles

  • Southwest declared an operational 'emergency' after the number of planes taken out of service doubled
  • The airline told its mechanics it needs 'all hands on deck.'
  • The mechanics' union, with which Southwest is negotiating a contract, said members were threatened with termination if they didn't comply.

Leslie Josephs | @lesliejosephs
Published 10:55 AM ET Sat, 16 Feb 2019 Updated 6:41 PM ET Sat, 16 Feb 2019

Southwest Airlines told its mechanics on Friday that it is experiencing an "operational emergency" due to an unusually high number of grounded jets -- and demanded they show up for work or risk termination, according to a company memo issued on Friday and seen by CNBC.

On Friday, 100 Southwest flights were cancelled, more than any other U.S. airline, according to flight-tracking site FlightAware, and more than 1,000 were delayed.The airline usually plans for having as many as 20 aircraft removed from service for unexpected maintenance issues every day.

However, each day this week, the percentage of out-of-service aircraft among its available fleet of about 750 Boeing 737s has been double the daily average, "with no common theme among the reported items," the airline said in statement.

"To take care of our customers, we are requiring all hands on deck to address maintenance items so that we may promptly return aircraft to service," Southwest's statement said. "At the same time, our operational planners have been working in the background to minimize the impact to our Customers."

The airline -- which has been in contract talks with its mechanics since 2012 -- told mechanics that if they are "alleging illness" they must provide a doctor's note when they return to work or risk losing their jobs, according to the memo.

"The uptick in maintenance items we experienced over the last few days have resulted in a slight increase" in cancellations, a Southwest spokeswoman told CNBC, but declined to provide a breakdown between disruptions caused by either maintenance or weather. On Saturday, 39 Southwest flights were canceled, more than other airlines, according to FlightAware.

Southwest told the mechanics it would assign them overtime, and would only honor vacation or shift trade requests that had already been approved, according to the memo, which was first reported by the Chicago Business Journal.

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From: Sam2/21/2019 12:33:21 PM
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American Airlines adds more flights to popular destinations after Spirit enters CLT

Symbol Last Price Change
35.04 -0.02 (-0.06%)
59.15 +1.14 (+1.97%)
QUOTES AS OF 12:31:47 PM ET 02/21/2019

Feb. 21-- Feb. 21--American Airlines(AAL) announced plans Wednesday to add flights at Charlotte Douglas International Airport, a move that came the week after Spirit Airlines(SAVE) said it would start service at the airport.

American said it would increase the number of average daily flights from Charlotte from 664 to 700 by the end of the year, including additional flights to the four locations Spirit announced it would fly to: Fort Lauderdale, Fla., Orlando, Newark, N.J., and Baltimore/Washington.

American also said it will offer more flights to Chicago, Los Angeles and New York'sJohn F. Kennedy International Airport.

John Kirby, Spirit Airlines'(SAVE) Vice President of Network Planning, told the Observer last week that the airline wasn't trying to compete with American. Crystal Byrd, a spokeswoman for American Airlines(AAL), said the airline's strategy has been to grow in the Charlotte market.

Benefit to travelers

The competition could help lower costs for Charlotte travelers, who pay higher fares on average than other airports. The average domestic fare on a flight out of Charlotte Douglas in the second quarter of last year was $78 higher than the national average, according to data from the Bureau of Transportation Statistics.

"You have to be price competitive," said Port Washington, N.Y.-based airlines analyst Bob Mann. "That's kind of rule one."

Mann said American sat on the sidelines when Spirit expanded at Dallas-Fort Worth International Airport, the carrier's largest hub, and paid the price.

"My sense is that where Spirit shows up, they've learned to compete with them on frequency," he said.

Joe Brancatelli, a New York-based editor of business travel website JoeSentMe, said the level of competition depends on whether Spirit brings in new customers, or takes existing fliers away from American.

"They will come hard against Spirit," he said. "There's going to be a nice little fare war."

The announcements coincide with the airport's $2.5 billion capital improvement project, which includes adding gates and a fourth parallel runway. Charlotte Douglas is still smaller than Delta's hub in Atlanta.

But if the airport wants to compete with Atlanta, Brancatelli said carriers like Spirit are essential.

"If Charlotte wants to be Atlanta, it needs Spirit," he said. "American doesn't want Spirit. How vicious the competition will get depends on how successful the market grows."

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From: Sam2/26/2019 2:07:32 PM
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Southwest Airlines pilots blame company for stoking 'unnecessary fear' in flying public

Symbol Last Price Change
54.105 +0.145 (+0.27%)
36.585 +0.685 (+1.91%)
QUOTES AS OF 02:06:30 PM ET 02/26/2019

Feb. 26-- Feb. 26--The union representing Southwest Airlines'(LUV) 10,000 pilots is injecting itself into the escalating war of words between the Dallas-based carrier and its mechanics.

In a strongly worded message, pilots union president Jon Weaks accused Southwest Airlines(LUV) of creating "unnecessary fear and safety concerns in our passengers and the flying public" by declaring an operational emergency. He expressed confidence in mechanics to keep Southwest's(LUV) planes in airworthy condition.

"The last few weeks have highlighted how poorly upper management at Southwest Airlines(LUV) is performing, how it truly views labor, how ineffective its communication and execution of our daily operation are, and how everyone at OUR airline should be concerned," Weaks wrote in his message.

Southwest Airlines (LUV), the nation's largest domestic airline, has canceled hundreds of flights in the last three weeks, stranding or delaying thousands of passengers around the country. Tuesday's cancelations stand at about 60 flights out of 4,000 daily, including twice as many out-of-service planes as the airline's historic daily average, according to the company.

A Southwest(LUV) spokeswoman pointed to the company's previous statements in responding to the pilots' union criticism. The company asserts the maintenance issues appear to be "the product of an unlawful job action by a small subset of identified [union]-represented mechanics."

Weaks' note to pilots, posted Monday night, disputed the company's version of events.

"Let me be clear, our aircraft are safe, and a large part of that is because the men and women of [Aircraft Mechanics Fraternal Association] continue to do their jobs in the face of increasing pressure, intimidation, and scrutiny from Southwest(LUV) management," wrote Weaks, a Southwest(LUV) pilot since 1990.

Calling pilots "the final line of defense" in getting 120 million passengers a year from Point A to Point B, he ended his message with "A to B safely or not at all."

Weaks' lengthy statement also criticized Southwest(LUV) for not stocking sufficient parts for mechanics to use and for using outside vendors for most of its maintenance work.

AMFA has been "vocal about not having enough parts on hand, and at times had no choice but to legally use or 'rob' parts from other aircraft in order to meet operational demands," Weaks said.

"What should be obvious to upper management is that by failing to stock enough parts, relying on borrowing parts from other aircraft, and banking on just-in-time inventory, the company is in no way helping, but only furthering, delays," he added.

Southwest (LUV) declared an "operational emergency" Feb. 19 after what it describes as an unprecedented number of planes being taken out of service for maintenance issues. It ordered mechanics to show up for work as scheduled or risk being fired.

The company said the higher-than-normal grounding of planes began Feb. 12, only days after the last negotiating session with the mechanics union. Southwest(LUV) and the union have been negotiating for six years without a new contract agreement.

"When the nation saw Southwest(LUV) blaming an employee group wedded to the safety of our aircraft for our maintenance issues, the questions and concerns intensified," Weaks said. "What followed this declaration is perhaps the most egregious display by management of tribalizing and scapegoating our employees in the history of our company."

Weaks said the company has not disputed the validity of safety write-ups taking planes out of service.

"On the one hand, management wants our mechanics to make the right call, but on the other hand, they are upset that our mechanics are trying to do the right thing while under the microscope by the FAA," he said. "The cognitive dissonance is deafening."

Weaks contends Southwest(LUV) wants "carte blanche outsourcing of maintenance to foreign repair stations. ... You can guess what that means for the number of mechanics in a Southwest(LUV) uniform."

"Today, Southwest Airlines(LUV) outsources 80 percent of all aircraft maintenance. You read that correctly -- 80 cents of every dollar we spend on maintaining and repairing our aircraft is outsourced," he told pilots.

That's considerably higher than Southwest's(LUV) competitors, according to Weaks. He said United Airlines outsources 51 percent of aircraft maintenance, Alaska Airlines farms out 49 percent, Delta hires vendors for 43 percent, and American Airlines(AAL) contracts out 33 percent.

"If management is touting outsourcing maintenance as a critical element of future success, they should release data showing the maintenance reliability rates for each vendor compared to the reliability rates of our mechanics," Weaks said. "These reliability rates should include how much work was initially done incorrectly, and how much work had to be redone once the aircraft was put back into service."

The company spokeswoman cited Southwest(LUV) CEO Gary Kelly's email Friday to employees. In it, Kelly noted that mechanics voted down a contract last year that would have made them the highest paid in the commercial airline industry, "with minor work rule changes."

"In our current negotiations, there remain opportunities to improve upon the pay, with no impact to job security, in exchange for more supplier flexibility," Kelly said. "For our mechanics' sake, I would not want these operational issues to delay or obstruct the upcoming March negotiations. What we all should desire with a laser focus is a new contract."

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From: Sam2/28/2019 4:02:20 PM
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Southwest Stock Is Flying High Because Even the Rumor of a Warren Buffett Takeover Excites Investors -
DOW JONES & COMPANY, INC. 3:46 PM ET 2/28/2019

Symbol Last Price Change
56.04 +2.19 (+4.07%)
302000 -1000 (-0.33%)
QUOTES AS OF 04:00:52 PM ET 02/28/2019

Southwest Airlines (LUV) stock was gaining on Thursday, as unconfirmed social media speculation that Warren Buffett'sBerkshire Hathaway(BRK/A) might buy out the company gave the shares altitude.

The back story. This is hardly the first time that Southwest(LUV) has been mentioned as a takeover target with Buffett as the suitor. He has voiced his support for airline stocks in recent years, and Berkshire Hathaway(BRK/A) is already Southwest's(LUV) second largest shareholder. That said, the firm has stakes in the Big Three legacy airlines -- American Airlines Group (AAL), Delta Air Lines (DAL), and United Continental (UAL) -- as well.

What's new. At issue was a Twitter post by StockTraders.Net, an online trading portal, which said there was unconfirmed "talk" that Berkshire is "seeking to acquire" the rest of Southwest Airlines(LUV) for $75 a share. The stock spiked shortly after, around 11 a.m. The tweet was first reported by Bloomberg.

In a statement, Southwest(LUV) said, "There has been speculation circulating that Warren Buffett might be looking to acquire an airline for some time, and that Southwest(LUV) might be a good fit. As a policy, we do not comment on speculations but appreciate Berkshire's continued support of Southwest Airlines(LUV)."

Berkshire didn't immediately respond to a request for comment.

Looking ahead. Will a deal happen? At this point, there isn't much to indicate it will get farther than a bottle of water at airport security. (Additionally, a bargain hunter like Buffett could have approached any of the Big 3 for a cheaper price, as American, Delta, and United have all trailed Southwest(LUV) year to date.)

The $75 takeover offer is about a 20% premium to the stock's most recent price -- not too shabby, but also probably not a deal management would leap at, considering the shares are already up more than 20% since the start of the year. Plus, plenty of analysts are arguing that 2019 will be less turbulent for airlines than last year.

Hopes that Buffett might buy an airline have been dusted off on occasion for the past several years, so investors probably want more than an obscure tweet to hang their hats on. (There is also some tangible good news for Southwest(LUV) that seems to have gotten lost amid Thursday's whispers: After the bell Wednesday, we got word the government finally cleared Southwest(LUV) to begin its long-awaited Hawaii routes.

Perhaps the real takeaway here isn't a concrete offer, but what the rumors demonstrate: Airlines, as an investment, may have finally arrived.

The industry went from what Buffett once described as a " death trap" to one that he has invested in, so much so that plenty of people think he wants to own one outright. In the end, 2018 was another year of struggle for many airline stocks, capping the group's up-and-down cycle, one that bears will point to when they argue that a leopard can't change it spots. Yet the fact that markets think an offer from Buffett is a possibility shows that the fundamental framework has shifted. Maybe things really are different this time around.

Southwest (LUV) was up 3.7% to $55.83 in recent trading.

Write to Teresa Rivas at

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From: Sam3/8/2019 9:28:06 PM
   of 891
FAA Warns Southwest, Mechanics That Contract Standoff Could Be Safety Risk--2nd Update

Dow Jones Newswires March 08, 2019 06:57:00 PM ET

Federal aviation regulators took the unusual step of warning Southwest Airlines Co. and its mechanics that their high-profile labor dispute threatens to damage the airline's safety practices.

Friday's letter from Ali Bahrami, the Federal Aviation Administration's top safety official, said worsening relations between the carrier and the union representing about 2,400 mechanics "raises concern about the ongoing effectiveness of the airline's safety management system."

Last month, Southwest declared an operational emergency, claiming mechanics were taking an unusual number of aircraft out of service, resulting in delayed or canceled flights.

The union, the Aircraft Mechanics Fraternal Association, declined to comment on Friday's letter. A Southwest spokeswoman said: "We appreciate the FAA's oversight and maintain our dedicated focus on assuring the highest level of compliance and safety at all times."

The FAA letter, which was reviewed by The Wall Street Journal, comes after the agency weeks ago stepped up oversight of the low-fare carrier's operations, a typical government move during a bitter contract fight such as the one at Southwest.

But the message from Mr. Bahrami goes beyond enhanced monitoring or more-aggressive enforcement by FAA inspectors. It suggests that labor strife and litigation related to the contract negotiations at Southwest could damage its basic safety culture and potentially erode flight safety.

Noting that safety "demands a collaborative culture,"

Mr. Bahrami said he wanted "to emphasize the importance of ensuring cooperatively, in accordance with FAA standards, the highest level of safety in the airline's operations."

The agency's concerns were sparked partly by back-and-forth public arguments and harsh allegations between the two sides, according to one person briefed on the details.

The four-paragraph FAA letter addressed to Mike Van de Ven, Southwest's chief operating officer, and Bret Oestreich, national director of the mechanics' union, doesn't cite imminent hazards, detail safety lapses or lay out specific incidents. It also doesn't mention any pending enforcement moves or other regulatory actions against the Dallas-based airline, which carries more domestic passengers than any other carrier.

But beneath the bureaucratic language, it highlights concerns at the highest levels of the FAA that normal safety practices and safeguards may not be working as expected. Regulators consider labor-management cooperation and voluntary data sharing regarding incidents -- without fear of punishment or retribution on the part of employees -- to be the bedrock of an airline's safety operations.

Southwest's management has said the mechanics have engaged in an improper worker slowdown, while union leaders have fired back with allegations of intimidation and undue pressure by airline supervisors to get planes back in the air.

Industry and government officials said they couldn't recall a similar red flag raised by FAA leaders in recent years due to labor-management friction.

The contract dispute has been simmering for more than six years, but bubbled into the open weeks ago as Southwest complained publicly about a higher-than-normal number of its planes being out of service for maintenance.

Union officials have complained mechanics feel pressure from supervisors to overlook defects or cut corners in the interest of keeping planes flying and on schedule. Southwest management maintains it doesn't tolerate bullying or undue pressure, encourages employees to raise concerns and considers safety paramount.

After the spike in out-of-service aircraft last month, Mark Shaw, Southwest's top lawyer, told union officials in a Feb. 22 letter that unscheduled aircraft downtime due to maintenance had increased more than fivefold at certain airports and "revealed troubling patterns of explicit coordination" among dozens of mechanics. "Further, we have identified specific shifts responsible for the majority of the unlawful activity," the letter said, asking union leaders to take action to stop it.

The union's Mr. Oestreich has said the airline's arguments were "simply an attempt to divert attention away from the airline's safety issues."

Management pointed fingers at the mechanics' union, noting that the number of out-of-service aircraft didn't make statistical sense. The outages were significantly higher than when hail storms damaged planes in Denver in 2018, or last year when a fatal accident prompted widespread engine inspections. Officials at the mechanics union have said Southwest management simply wasn't happy with the number of planes needing repairs.

Last week, Southwest sued the mechanics' union in federal court in Texas, alleging it orchestrated a job action as a negotiating tactic. In the suit, the company accused the union of pulling planes out of service for "cosmetic and other minor maintenance write-ups that do not have any effect on the safety of flight," such as a missing row number.

Earlier on Friday, Mr. Oestreich denied Southwest mechanics had been taking airplanes out of service for trivial reasons. The union also responded to Southwest's lawsuit Friday, denying management's allegations in a filing and lodging its own claims, including labor-law violations and defamation.

The FAA in its letter pressed the two sides to ensure that "any judicial order" won't "constrain appropriate safety activities."

Southwest Chief Executive Gary Kelly said the dispute is costing the airline "millions of dollars weekly" in lost revenue. "Customers are harmed. Our employees suffer through reduced profit-sharing," Mr. Kelly said at a recent conference in New York.

"This negotiation has dragged on far too long, much longer than our other large union groups, and all efforts at this point should absolutely be focused on good-faith negotiations that will allow us to reward our superb mechanics," he said.

Negotiations are set to resume later this month.

In recent weeks, Southwest has had to deal with other safety concerns. As reported last month by the Journal, the FAA for more than a year has been investigating problems at the airline with accurately calculating the total weight of checked bags loaded into the bellies of its jets. The lapses haven't caused any accidents and Southwest has said they pose minimal safety issues; but the problem was described as systemic and significant in various internal agency documents. FAA officials are mulling whether to propose a fine or seek other punishment.

To try to resolve the matter without any adverse FAA action, Southwest has agreed to phase in using electronic scanners this year to verify the number of checked bags loaded into each of its planes -- a procedure long used by other major carriers.

Write to Andy Pasztor at and Andrew Tangel at

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From: Sam3/12/2019 11:30:43 PM
   of 891
Boeing 737 MAX 8 groundings spread across the globe

Reuters March 12, 2019 03:26:00 PM ET

(Updates with EASA, more European countries, India, UAE)

March 12 (Reuters) - Major European nations, including Britain, Germany and France, joined a wave of suspensions of Boeing Co's 737 MAX aircraft on Tuesday following the latest fatal crash involving the jet.

European Aviation Safety Agency also suspended all flight operations of the plane in the European Union.

Boeing said on Tuesday it has "full confidence" in the safety of the 737 MAX fleet, and many countries and airlines continue to operate the narrowbody jet.

Here is a list of groundings so far:


Australia'sCivil Aviation Safety Authority said it had temporarily suspended the operation of Boeing 737 MAX aircraft to or from the country.

Austria has decided to ground Boeing 737 MAX aircraft for security reasons until further notice, its transport minister said.

Belgium closed down its air space for Boeing 737 MAX planes, the country's news agency Belga quoted transport minister Francois Bellot as saying.

Britain on Tuesday suspended flights of the 737 MAX aircraft over its territory. "We have, as a precautionary measure, issued instructions to stop any commercial passenger flights from any operator arriving, departing or overflying UK airspace," a spokesperson said in a statement.

China's aviation regulator on Monday grounded 96 MAX 8s including those operated by Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines.

France's DGAC civil aviation authority on Tuesday banned Boeing 737 MAX aircraft from French airspace.

German Transport Minister Andreas Scheuer told German broadcaster n-tv on Tuesday that German airspace was closed for Boeing 737 MAX aircraft.

India will ground Boeing's 737 MAX aircraft immediately, the ministry of civil aviation said late on Tuesday.

Indonesia will temporarily ground Boeing 737 MAX 8 aircraft operating in the country for inspection, the director general of aviation said on Monday.

The Irish Aviation Authority is temporarily suspending the operation of all variants of the Boeing 737 MAX aircraft in Irish airspace with immediate effect.

Italy will close its airspace to Boeing 737 Max 8 airliners from Tuesday night.

Netherlands has ordered its airspace closed for Boeing 737 MAX 8 aircraft, press agency ANP reported, citing the country's transportation minister.

Norway closed its airspace to all Boeing 737 Max 8 planes, the head of its civil aviation authority, Lars Kobberstad, told NRK public radio.

Poland closed its airspace to Boeing 737 Max 8 airliners from Tuesday evening and grounded its own fleet of the planes.

Singapore'sCivil Aviation Authority suspended operations of all Boeing 737 MAX aircraft in and out of the country.

South Korea is conducting an emergency inspection on Eastar Jet's two MAX 8 jets, a ministry official said. The South Korean budget carrier would temporarily ground its two 737 MAX 8s from Wednesday, an airline spokesman said on Tuesday.

Turkey'sTransport Ministry has suspended all flights by Boeing 737 Max 8 and Max 9 models, state-owned news agency Anadolu said.

UAE General Civil Aviation Authority has banned operation of Boeing 737 MAX models as a precautionary measure, Emirates News Agency said.

Vietnam state media reported Civil Aviation Authority Of Vietnam (CAAV) will not issue licenses to local airlines to operate the 737 MAX until the cause of the Ethiopian crash is determined.



The airline said it had grounded both of its MAX 8 jets until it got more information on the crash.


The South African airline said that it would remove 737 MAX 8 jets from its schedule. It has ordered eight aircraft of this type but has only received one so far.


The company will temporarily ground its MAX 8 passenger jets at the advice of European regulators.


Russia'sS7 Airlines says it grounded Boeing 737 MAX 8 planes. It had only two such planes in Russia.


Singapore Airlines said its unit Silk Air, which operates 6 MAX 8 planes, has temporarily withdrawn them from service.


Germany'sTUI Group, the largest leisure, travel and tourism company in the world, said it was discontinuing all Boeing 737 MAX 8 flights across all airlines of the group.


Turkish Airlines has grounded all commercial flights by its Boeing 737 MAX models as of March 13 until uncertainty over their safety is resolved.

This is what countries and airlines, who have NOT grounded the MAX jets, are saying:


"We have operated this aircraft type since 2017 and currently have 24 in our fleet. These aircraft have performed excellently from a safety, reliability and customer satisfaction perspective."


The company said it remained fully confident in the aircraft and that it was closely monitoring the investigation.


The Vietnamese airline, which announced last month it was in talks to buy 25 Boeing 737 planes, declined to comment.


Brazil's air travel regulator said it was not grounding the aircraft and that it was following the investigation.


Canadian Transport Minister Marc Garneau said on Tuesday that the government has no plans to ground Boeing 737 MAX aircraft, but is ready to "act immediately" to suspend flights if new information emerges indicating there is a problem.


The airline, which operates 2 MAX 8 planes, said it was confident in the jet.


The U.S. airline said it remained fully confident in the aircraft and was closely monitoring the investigation.


SunExpress, a joint venture between Turkish Airlines and Germany'sLufthansa, is seeking more clarity ahead of five MAX-8 plane deliveries by the end of the year.


"We are monitoring the situation closely and will not speculate on the cause of the incident at this time. We have 13 MAX aircraft in our fleet of 121 Boeing 737s." (Compiled by Ankit Ajmera and Chandini Monnappa in Bengaluru, and Alexander Cornwell in Dubai; Editing by Mark Potter, Shreejay Sinha and Sriraj Kalluvila) REUTERS

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From: Sam3/28/2019 8:03:04 AM
   of 891
Icelandic airline WOW Air ceases operations, stranding passengers on 2 continents
Posted 6:49 AM, March 28, 2019, by Associated Press

REYKJAVIK, Iceland — Icelandic budget airline WOW Air ceased operations on Thursday, stranding passengers across two continents.

In a statement on its website the airline, which had earlier suspended all its flights, told passengers there would be no further flights and advised them to check flights with other airlines for ways to reach their destinations.

continues at

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From: Sam4/9/2019 8:31:59 AM
   of 891
American Airlines Trims Unit Revenue, Margin Outlook; Shares Rally -- MarketWatch

Dow Jones Newswires | April 09, 2019 08:27:00 AM ET

American Airlines Group Inc. (AAL) trimmed its first-quarter unit revenue guidance, citing the negative impact of the government shutdown, the grounding of its 737 MAX fleet. The air carrier now expects total revenue per available seat mile (TRASM) to be about flat to up 1.0% from a year ago, compared with its previous guidance of flat to up 2.0%. The company also cut its outlook for adjusted pre-tax margin to 2.0% to 4.0% from 2.5% to 4.5%, citing an increase in fuel prices, and said available seat miles for the quarter will be "slightly higher" than previous guidance. The company said it cancelled 940 flights during the quarter, as a result of the "unplanned" removal of 14 737-800 aircraft made by Boeing Co ( 04-08). (BA) from service, and said it has announced further flight cancellations through June 5, assuming that its 737 MAX 8 aircraft won't be available through that date. American said the financial costs of the service disruption "cannot be forecasted at this time." American's stock, which rose 1.2% in premarket trade, has edged up 5.5% year to date, while the NYSE Arca Airline Index has rallied 12.2% and the S&P 500 has climbed 15.5%.

-Tomi Kilgore For more from MarketWatch:

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From: Sam4/10/2019 7:07:47 AM
   of 891
Delta Air Lines beats by $0.05, beats on revenue
Apr. 10, 2019 7:03 AM ET|About: Delta Air Lines, Inc. (DAL)|By: Niloofer Shaikh, SA News Editor

Delta Air Lines (NYSE: DAL): Q1 Non-GAAP EPS of $0.96 beats by $0.05; GAAP EPS of $1.09.

Revenue of $10.47B (+5.0% Y/Y) beats by $60M.

Shares +3.25% PM.

Press Release

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