AMERICAN AIRLINES had $149m net loss ($205m profit excluding special items) on $13.6b revenues in 3Q24 vs $545m loss on $13.5b in 3Q23; it has $11.8b of total liquidity. It is focusing on sales and distribution strategy/corporate travel.
SOUTHWEST AIRLINES had $67m net income on $6.9b revenues in 3Q24 vs $193m on $6.5b in 3Q23; it has $10.4b in liquidity and says it has appointed six new independent Directors (five in connection with agreements reached with ELLIOTT INVESTMENT MANAGEMENT) and says its Executive Chairman is accelerating retirement to November 1.
Spirit AeroSystems is racing to finish its sale to Airbus and Boeing or find enough bridge financing and cost cuts before otherwise running out of money.
Following several months of contentious back-and-forth, Southwest Airlines and Elliott Investment Management have reached an agreement on leadership changes.
American Airlines believes it can regain a large portion of lost corporate revenue share stemming from unpopular changes to its distribution strategy in 2025.
South African Airways may consider selling one of its slot pairs as it seeks to raise funds so it can continue its slow recovery, the interim chairman says.
Air Lease founder Steven Udvar-Hazy is concerned his company will not receive the 11 Boeing aircraft scheduled for delivery by year-end, because of the strike.
Icelandair expects improvement on yields as local competitor Play enacts changes to its business model and significant capacity cuts on North Atlantic routes.
