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American Airlines and JetBlue Airways asked a U.S. judge late Friday to allow them to continue mutual frequent flyer recognition and codeshare arrangements. U.S. District Judge Leo Sorokin ruled on May 19 that the airlines must end their Northeast Alliance (NEA) they used to coordinate flights and pool revenue finding the arrangement means higher prices for consumers and ordering the companies to part ways within 30 days. The airlines said Sorokin should allow them to continue codesharing and reciprocal frequent flyer programs, arguing such agreements are lawful and "to ensure that the right airline is paid for the service provided to the consumer."
Ryanair (RYAAY) and Gol Linhas (GOL) post impressive traffic reports for May.
American Airlines, Bread Financial, American Axle & Manufacturing Holdings, Boise Cascade and Abercrombie & Fitch are part of the Zacks Screen of the Week article.
American Airlines (AAL) expects adjusted operating margin in the 12.5-14.5% band in second-quarter 2023.
Stocks like American Airlines (AAL), Bread Financial (BFH), American Axle (AXL), Boise Cascade (BCC) and Abercrombie & Fitch (ANF) that are preferred by brokers remain in focus.
In the latest trading session, American Airlines (AAL) closed at $15.16, marking a +1.54% move from the previous day.
American Airlines, Copa Holdings and Allegiant Travel Company are part of the Zacks Industry Outlook article.
The summer travel season is shaping up to be solid.
Alphabet and Jefferies are two stocks to buy and American Airlines and Lucid Group shares are stocks to avoid, according to Christian Ledoux, Director of Investments at CAPTRUST. He tells Yahoo Finance Live's Seana Smith and Akiko Fujita why.
Support from the Allied Pilots Association (APA) board fell short of the two-thirds needed to start merger talks with fast-growing ALPA, the world's largest pilots' union, which recently joined forces with aviators at Air Canada. Pilots at North American carriers are making workplace gains in new contracts as travel rebounds from the pandemic.
In the latest trading session, American Airlines (AAL) closed at $14.70, marking a -0.54% move from the previous day.
CHICAGO (Reuters) -American Airlines' plan to grow revenue by relying more heavily on alliance partners to ferry passengers in uncompetitive markets while bulking up flights to U.S. Sunbelt states has been called into question by a U.S. court ruling blocking a key tie-up. A U.S. federal judge last month ordered the company to end its alliance with JetBlue Airways Corp, saying the partnership "substantially" diminished competition in the domestic market. It also is a big piece of American's strategy to compete in the New York market, where it was losing money.
American Airlines raised its Q2 forecast against low fuel costs and strong travel demands. Take a look into how JETS ETF is set to gain.
American Airlines' (AAL) management expects the average fuel cost per gallon for Q2 in the range of $2.55-$2.65.
Southwest Airlines Co said on Thursday it continues to expect a strong adjusted profit for the full year as travelers fly more for leisure, leading to more ticket sales. The carrier also reiterated its profit forecast for the second quarter, as summer bookings were boosted by the Memorial Day weekend. The forecast comes a day after American Airlines Group Inc raised its second-quarter profit outlook on lower jet fuel costs and high travel demand.
American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
(Reuters) -American Airlines Group will appeal a U.S. court decision requiring it to end an alliance with JetBlue Airways Corp, American CEO Robert Isom said on Wednesday. U.S. District Judge Leo Sorokin in Boston ruled on May 19 that the airlines' "Northeast Alliance" broke antitrust law and ordered the companies to dissolve the arrangement within 30 days. "We've got a legal system that allows for appeal, and we're going to do that," Isom told the Bernstein Conference.
American Airlines expects a better profit than originally anticipated for the quarter given strong travel demand, and lower jet fuel costs. Oil prices have seen a steady decline amid recession concerns and speculation that OPEC+ may hold off on another production cut.
Shares of American Airlines trend higher after the airline raises its forecast due to strong travel demand.
American Airlines Group Inc on Wednesday raised its forecast for second-quarter profit on lower jet fuel costs and high travel demand.
The unwinding of JetBlue's alliance with American Airlines significantly increases the likelihood that JetBlue will be permitted to buy Spirit Airlines.
A federal judge orders American Airlines (AAL) and JetBlue (JBLU) to end their partnership. Delta (DAL) is set to have a new COO.
American Airlines and JetBlue announced the creation of the Northeast Alliance (NEA) in July 2020 to coordinate flights and pool revenue while competing against Delta Air Lines and United Airlines, that dominate the New York-area and Boston markets. Last week, a federal judge ruled for both carriers to end the alliance saying the partnership "substantially diminishes competition in the domestic market for air travel".
United Airlines CEO Scott Kirby is keeping one eye on the debt ceiling drama but also on how his airline invests its capital.
The 94-page ruling methodically knocks down the argument from American and JetBlue that their alliance boosts competition to benefit flyers.