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   Non-TechAmerican Airlines Group, Inc.

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From: Sam4/12/2019 5:26:26 PM
   of 891
Zone 1 or Group E? Making Sense of the New Boarding Rules

The New York Times | April 12, 2019 05:00:00 AM ET

For airlines, time on the ground is money. Financially speaking, planes only earn revenue for their companies when they are in the air, ferrying paying passengers. Which is one strong incentive to speed up boarding, deplaning and turnaround time.

That is why airlines continue to tinker with boarding procedures. United Airlines remodeled its boarding processes last fall to discourage passengers from lining up and clogging the boarding area. In January, Delta Air Lines expanded from having six numbered groups determine the order of boarding to eight color groups. Southwest Airlines is testing front- and rear-door boarding and deplaning at airports where the weather allows.

Boarding hierarchy didn't matter much until about 10 years ago, when airlines began charging for checked bags . As the propensity to carry on luggage grew, so did the overhead bin wars. Early boarding, now aligned with frequent flier status and more expensive tickets, largely means avoiding them.

“Southwest maintains one reason it doesn't assign seats is that it leads to faster boarding,” says Henry Harteveldt, a travel industry analyst and the founder of Atmosphere Research Group . “The problem is, at other airlines, you now have customers with frequent flier status who expect early boarding and have been educated for more than a decade that they're special.”

That doesn't stop airlines from toying with boarding plans and dangling line-jumping shortcuts, as the following chart on domestic boarding procedures suggests.

Alaska Airlines

Boarding by: Groups A through E. A and B have frequent flier status or premium class seats, C is in the back half of the main cabin, D is in the front and E is for “ Saver ” seats, which are the cheapest, largely nonrefundable and do not allow advance seat assignments.

What's new: Alphabetical group boarding was adopted in 2018; Group E was added in early 2019 with the low-price fares.

Preboarding: Families with children under the age of 2, active duty military, first class.

How to line-jump: n/a, other than preboarding groups.

Carry-on policy: One personal item and one carry-on, measuring 22-by-14-by-9 inches maximum, are free . When overhead bin space runs out, bags checked at the gate are free.

American Airlines

Boarding Groups: Groups 1 through 9 . Group 1 is first and/or business class and active-duty military; 2 through 4 reflect frequent flier status; 5 is for tickets purchased with extra legroom; 9 is for the lowest price “ Basic Economy ” where seats cannot be selected more than 48 hours in advance.

What's new: Boarding was last updated in March 2017.

Preboarding: Members of the airline's invitation-only ConciergeKey program. Families with children under the age of 2 may ask to preboard.

How to line-jump: Holders of most of the airline's AAdvantage credit cards board with groups 4 and 5 (annual fee $99). Travelers may also buy priority boarding for $9 to $74 each way.

Carry-on policy: One personal item and one carry-on up to 22-by-14-by-9 inches free . When overhead bin space runs out, bags checked at the gate are free.

Delta Air Lines

Boarding Groups: Groups one through eight are classified by color on a spectrum running from purple, for the highest-status frequent flier members, to navy blue for Basic Economy , the lowest fare, which offers seat assignments only after check-in.

What's new: The color system was adopted in January, expanding to eight boarding groups from six.

Preboarding: Customers needing extra time and active military members.

How to line-jump: Delta SkyMiles American Express credit card holders get priority boarding in the first Main Cabin group, or fifth group (annual fee $95).

Carry-on policy: One personal item and one carry-on up to 22-by-14-by-9 inches free . When overhead bin space runs out, bags checked at the gate are free.

Frontier Airlines

Boarding Groups: Zones 1 through 4. Zone 1 fliers have paid for a carry-on bag. Zones 2 through 4 go from the rear of the plane to the front.

What's new: n/a

Preboarding:Anyone needing a wheelchair or other boarding assistance; unaccompanied minors.

How to line-jump: Flyers purchasing amenity bundles known as the Works or the Perks get priority boarding and free checked and carry-on bags. A passenger purchasing a carry-on bag gets Zone 1 boarding. Families with children under the age of 3 board after Zone 1 but before Zone 2. Holders of the Frontier Airlines World Mastercard get Zone 2 boarding (annual fee $79).

Carry-on policy: One personal item is free. Carry-on bags must be no larger than 24-by-16-by-10 inches and cost $35 at booking and run up to $60 at the gate.

JetBlue Airways

Boarding Groups: Groups A through E. A is for travelers purchasing an “Even More Space” seat; B through E groups stagger passengers seated throughout the plane to minimize congestion.

What's new: In November, JetBlue introduced biometric self-boarding gate rs using facial recognition technology on international flights at New York's Kennedy and Washington, D.C.'s Reagan airports.

Preboarding: Customers with disabilities; Mint (premium class); and Mosaic (high frequent flier status) fliers.

How to line-jump: To join Group A, purchase an “Even More Space” seat, which has extra legroom and varied prices but recently cost about $100 one way on a $300 round trip between New York and San Francisco. Passengers traveling with children in car seats and strollers and active military personnel board between Groups A and B.

Carry-on policy: One personal item and one carry-on up to 22-by-14-by-9 inches free .

Southwest Airlines

Boarding Groups: Open seating for Groups A through C, each with a boarding position numbered 1 through 60. Passengers line up by number (assigned, with some premium exceptions, by order of check-in) in their alphabetical group.

What's new: At four airports in California — Burbank, Long Beach, Sacramento and San Jose — Southwest is experimenting with speeding up boarding and deplaning by simultaneously using front jet-bridge entries and rear doors that require the use of stairs.

Preboarding: Customers who have a specific seating need to accommodate their disability, or need assistance in boarding or stowing an assistive device.

How to line-jump: Business Select fares, which vary but can be double the lowest, nonrefundable fares, guarantee a boarding position between A1 and A15. Others can pay an extra $30 to $50 one way for a position from A1 to A15. Paying $15 to $25 one way for upgraded boarding 36 hours before the flight doesn't guarantee A-list status, but will improve your boarding position. Children ages six or younger and a guardian may board before Group B.

Carry-on policy: One personal item and one carry-on up to 22-by-16-by-10 inches free .

Spirit Airlines

Boarding Groups: Zones 1 to 4. Zone 1 passengers have purchased carry-on bags; Zone 3 fliers are toward the back of the plane; Zone 4 fliers are toward the front of the plane.

What's new: n/a

Preboarding:Passengers with disabilities and those traveling with children under the age of 2.

How to line-jump: Active military members board with Zone 2. Fliers can also purchase Shortcut Boarding for about $10 one way to get into Zone 2. Holders of the Spirit Airlines World Mastercard get Zone 2 boarding (annual fee $59).

Carry-on policy: Passengers are allowed only one personal item. Fees for full-size carry-on bags depend on the route, but recently ran $27 at the time of booking, and $65 at the gate for a flight from Chicago to Las Vegas.

United Airlines

Boarding Groups: Groups 1 through 5, that queue up through two boarding lanes. Group 1 through blue and all others through green.

What's new:The airline changed its boarding in September 2018 to two boarding lanes from five to ease congestion at the gates and shifted group definitions to make them more balanced.

Preboarding: MileagePlus Premiere 1K customers, the highest frequent flier status; families traveling with children ages 2 and under; customers with disabilities; and active military members.

How to line-jump: United Explorer MileagePlus credit card holders board in Group 2 (annual fee $95).

Carry-on policy: One personal item and one carry-on up to 22-by-14-by-9 inches free for most fliers. When overhead bin space runs out, bags checked at the gate are free. Basic Economy fares are allowed a personal item but must pay to check a full-size carry-on.

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From: Sam5/20/2019 11:38:49 AM
   of 891
Delta Air Lines -2% after Morgan Stanley downgrade
May 20, 2019 8:42 AM ET|About: Delta Air Lines, Inc. (DAL)|By: Clark Schultz, SA News Editor

Morgan Stanley moves to the sidelines on Delta Air Lines (NYSE: DAL) after seeing shares rise 10% YTD.

MS on Delta: "As we look at our refreshed 2020 estimates, which are moderately below consensus and reflect pilot step-ups, higher oil, elevated supply growth (3-4% 2019/2020), and healthy LSD RASM, shares are trading closer to an appropriate multiple (of ~9x). This compares to history of 9-10x over the last several years and the group at ~8x, thus the airline is now better reflecting its premium margins and balance sheet relative to the long-run."

The firm also points out that Delta's free cash flow yield is falling below 10% for the first time in recent years.

Morgan Stanley trims its price target on Delta to $61 from $62.

Shares of Delta are down 1.62% premarket to $54.00.

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To: Sam who wrote (833)5/20/2019 11:39:45 AM
From: Sam
   of 891
American Airlines -3% after Morgan Stanley warns on labor risk
May 20, 2019 8:46 AM ET|About: American Airlines Group Inc. (AAL)|By: Clark Schultz, SA News Editor

Morgan Stanley drops American Airlines Group (NASDAQ: AAL) to an Underweight rating from Equal-weight and takes its price target all the way down to $26 from $40.

"AAL faces the most labor risk within the group, which we assume will be reset higher over the next 6- 18 months and drive CASM-Ex Fuel up 2.5-3.5% on average between 2019 / 2020, and further compounded by jet fuel prices rising ~10% next year per forwards," warns the MS analyst team.

Adding it all up, the firm sees downside risk to the consensus estimates on AAL.

AAL -2.93% premarket to $30.81 vs. a 52-week trading range of $28.81 to $45.82.

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From: Sam6/5/2019 10:11:35 PM
   of 891
American Airlines +4% after insider buying disclosed

Jun. 5, 2019 3:07 PM ET|About: American Airlines Group Inc. (AAL)|By: Clark Schultz, SA News Editor

Insiders at American Airlines Group ( AAL +4%) went on a buying spree this week of the airline stock.

CEO Doug Parker added 50K shares and President Robert Isom bought 15K shares, while CFO Derek Kerr and three executive VPs each nabbed 5K shares.

American confirmed to Barron's that the insider buying was not part of any compensation package.

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From: Sam6/6/2019 2:18:16 PM
   of 891

United Airlines Stock Has Fallen Too Far on China Fears, Goldman Sachs Says --

Dow Jones Newswires | June 06, 2019 10:02:00 AM ET

Economic weakness in China could be a problem for United Continental Holdings, but investors are more worried than they need to be, according to Goldman Sachs analyst Catherine O'Brien.

She upgraded shares of United Continental (ticker: UAL) from Neutral to Buy on Thursday, keeping her price target at $108 per share, 30% higher than recent levels, saying losses in the stock create a potential opportunity.

O'Brien says United stock is too cheap now that it has declined more than 16% from its 52-week high, set last December. ( American Airlines (AAL) shares, by contrast, have fallen further than United, but O'Brien already rates American at Buy with a $42 price target, 40% higher than recent levels.)

The back story. Airlines, as a group, are still modestly valued, trading for less than 10 times estimated 2019 earnings on average. Investors aren't convinced the industry consolidation that produced four major U.S. airlines, down from six several year ago, will produce consistently higher profits.

United is one of the most modestly valued U.S. airlines, trading at 7.3 times estimated 2019 earnings, a big discount to stocks in the S&P 500, which trade for 16.9 times estimated 2019 earnings on average.

Southwest Airlines (LUV), by contrast, trades for 11.1 times estimated 2019 earnings and American Airlines trades for just 6 times estimated earnings. Delta Air Lines' (DAL) valuation multiple falls in between those two, at 8.2 times.

What's new. O'Brien thinks investors' concerns about pricing and exposure to the Chinese economy have weighed on United stock, creating an opportunity. China exposure for United, while higher than other U.S. airlines, represents only 4% of United's capacity. O'Brien says the company's exposure to China is down from recent years.

What's more, she believes any pricing concerns are already reflected in the stock price. She also thinks a new credit-card agreement with JPMorgan Chase (JPM) will generate unexpected benefits for United shareholders.

"United management has highlighted that it sees margin upside to reaching a co-brand credit card agreement with economics more on par with its two largest competitors," writes O'Brien in her Thursday research report. The impact from the new credit card deal could be significant, adding more than 10% to estimated earnings per share, according to the analyst.

Looking ahead. Lower oil prices will also help airline earnings in the short run. Benchmark crude-oil prices fell 16% in May. That kind of decline, though, can also signal lower economic growth. A slowdown would make consumers less willing to spend in nonessential areas such as air travel.

Still, United hasn't lost money since the financial crisis. That consistency could be rewarded, someday, with a higher valuation multiple.

United shares were down 2% year to date, as of Wednesday's closing price, worse than the 9.5% gain in the Dow Jones Industrial Average. Airlines overall have struggled in 2019, but a few have managed to stand out. While the airline components of the S&P 500 are up 4% so far in 2019, Delta Air Lines and JetBlue Airways (JBLU) are both beating the Dow year to date.

Write to Al Root at
     (END) Dow Jones Newswires

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From: Sam6/13/2019 12:07:07 PM
   of 891
Airline stocks gain as more fare increases fired off

Jun. 13, 2019 11:42 AM ET|About: American Airlines Group Inc. (AAL)|By: Clark Schultz, SA News Editor

Airline stocks are in rally mode after JPMorgan points to another round of fare increases in the U.S.

JP analyst James Baker says American Airlines ( AAL +5.2%), Southwest Airlines ( LUV +2.8%) and Hawaiian Airlines ( HA +2.5%) all fired off increases of varying degrees on domestic flights.

Notable gainers included Spirit Airlines ( SAVE +2.8%), Mesa Air ( MESA +2.8%), Delta Air Lines ( DAL +2%), United Continental ( UAL +3.6%), Allegiant Travel ( ALGT +3%) and SkyWest ( SKYW +2.1%).

Today's rally arrives even with crude oil prices up over 3%.

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To: Sam who wrote (837)6/15/2019 12:22:15 PM
From: Moonray
   of 891
Court grants American Airlines' request to end "devastating" slowdown by unions

o~~~ O

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To: Sam who wrote (837)6/15/2019 12:24:01 PM
From: Moonray
   of 891
Employees of airline caterer at MSP say they are ready to strike

o~~~ O

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From: Glenn Petersen6/28/2019 12:15:25 PM
   of 891
How automation could make airports more efficient

Karen Lightman
June 26, 2019

A security checkpoint at Reagan National Airport. Photo: Chip Somodevilla/Getty Images

Implementing automation at airport bottlenecks could expedite drop-off, check-in, security, and boarding for flyers and employees.

Why it matters: Between 2016 and 2019, the number of passengers using U.S. airlines has increased by 10.9%. Last year, 1 in 7 travelers in the U.S. missed a flight due to long security lines.

Transportation authorities, airlines, tech companies, and others are experimenting with ways to automate and streamline airport pain points.

Curbside pick-up and drop-off: Ride-hailing services account for 62% of airport transportation for business travel, leading to increased congestion.

Check in: Many airports have self-serve “bag-drop” systems, where passengers interact with airport staff to confirm passenger identity. Delta Airlines is experimenting with automated biometric check-in screens that use facial recognition.

Security: The TSA allocated $71.5 million for adding more than 145 machine learning–based CT scanners into security checkpoints to expedite carry-on baggage inspections.
    -- The further expansion of this technology could automate the detection of firearms, knives, explosives, lithium ion batteries and other prohibited items.

    -- Metro21: Smart Cities Institute at Carnegie Mellon University and the Pittsburgh International Airport developed a model for estimating security wait times and distributing passengers across checkpoints.
Boarding: Since the 1970s, boarding times have more than doubled.
The impact: Automation of these processes could lead to job losses, but could also reduce TSA employee turnover.

The bottom line: Most major airports are projected to experience “Thanksgiving-peak traffic volume” at least once each week this year, and these technologies could potentially help alleviate the worst bottlenecks.

Karen Lightman is executive director of Metro21: Smart Cities Institute at Carnegie Mellon University.

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From: Sam7/2/2019 1:02:18 PM
   of 891
Delta +2% on reporting June traffic

Jul. 2, 2019 9:20 AM ET|About: Delta Air Lines, Inc. (DAL)|By: Niloofer Shaikh, SA News Editor

Delta Air Lines (NYSE: DAL) reports revenue passenger miles rose 6.2% to 22.77B in June.

Domestic RPMs advanced 8% and international RPMs grew 3.4%.

Capacity increased 4% to 25.19B available seat miles.

Capacity up 4.4% for domestic and 3.3% internationally.

June Load factor expanded 190 bps to 90.4%.

YTD load factor +70 bps to 85.6%.

DAL +2.23% premarket.

The stock is at 58.20 right now after being as high as 59.22 in the first 10 minutes of trading.

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