Delta Air Lines plans to announce on Thursday it will apply for a new flight between Seattle and Washington Reagan National Airport as airlines battle over five new daily flights. On May 16, U.S. President Joe Biden signed legislation creating the new flights at the busy airport in Arlington, Virginia. The law requires the U.S. Transportation Department to award the new flights by mid-July.
American Airlines (AAL) closed at $11.62 in the latest trading session, marking a +1.04% move from the prior day.
The Federal Aviation Administration (FAA) said on Wednesday it is again extending cuts to minimum flight requirements at congested New York City-area airports through October 2025, citing air traffic controller staffing shortages. The FAA said the number of controllers handling traffic in New York is insufficient for normal traffic levels and that without "increased flexibility," congestion, delays, and cancellations are likely at JFK, LaGuardia and Newark airports. Airlines for America (A4A), the trade group representing American Airlines, Delta Air Lines, United Airlines and Southwest Airlines, in April asked the FAA to extend the cuts, citing the controller shortage.