Southwest’s lowered guidance occurs after investor Elliott Investment Management recently invested $1.9 billion in the airline for an 11% stake in the company.
For U.S. passenger operators, their $7.8 billion 2023 net profit was $6 billion above 2022’s performance, but still considerably under 2019's $14.8 billion.
The airframer projects it will reach historic E-Jet peak production in a few years, while studies for a larger narrowbody include wing and fuselage concepts.
APFA has pointed to low starting pay and “astronomical” living costs in many of the airline’s hub cities and at crew bases such as Boston, Miami and New York.
The PHL services are “secure to secure,” meaning passengers go through TSA checkpoints at the smaller airports and buses arrive at American’s PHL airside gates.
The FAA Reauthorization Act includes approval for five new daily roundtrips from Ronald Reagan Washington National Airport beyond the 1,250-mi. perimeter.
“Boeing is not the only one that is out there [struggling],” American CEO Robert Isom said during the Bernstein’s 40th Annual Strategic Decisions Conference.
Former American Airlines CEO Doug Parker, who saw the airline through numerous trials and challenges, is the 2024 ATW Awards Lifetime Achievement Recipient.
A provision within the 1,000-plus-page law will exempt 10 new slots from the 1,250 mi. perimeter rule applied to Ronald Reagan Washington National Airport (DCA)
American Airlines says it expects to carry 72 million passengers May 17–Sept. 3, noting it will offer more seats this summer than any summer in its history.
American Airlines, citing delayed Boeing 787 deliveries, will suspend or reduce service on some long-haul routes for the 2024-25 northern hemisphere winter.
While the four largest U.S. commercial carriers reported record-high operating revenues for the first quarter (Q1) of 2024, only Delta was spared a net loss.
