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High fuel costs hurt the Q1 results of AZUL. Southwest Airlines' (LUV) pilots vote in favor of a strike.
Pete Buttigieg's time as Transportation Secretary has been anything but under the radar.
Southwest Airlines (LUV) benefits from a recovery in air-travel demand. Expenses related to fuel prices and labor and airport costs weigh on the bottom line.
Yahoo Finance's Diane King Hall discusses Southwest Airlines pilots voting to authorize a strike shortly before the start of the summer travel season, past pilot strikes, and Southwest's stock.
Almost all the Southwest Airlines (LUV) pilots (99%) vote in favor of a strike.
The Yahoo Finance Live team discusses Southwest Airlines stock after Southwest's pilots voted to authorize a strike.
The Southwest Airlines Pilots Association (SWAPA), which represents 10,000 pilots of the Dallas-based carrier, said 98% of its members participated in the vote and 99% voted in favor of authorizing a strike. Southwest said the vote result will not impact its operations: "We are staffed and prepared to welcome travelers for their summer travel plans." Southwest has been under regulatory scrutiny since a staffing crisis due to bad weather during the Christmas holidays overwhelmed its crew scheduling software, disrupting travel plans for 2 million customers.
Shifting travel patterns by consumers in a post-pandemic world are forcing airlines to guess at what is the "new normal" as they seek to adjust by cutting flights, revamping networks and packing even more passengers into planes. Citi analyst Stephen Trent said. Travel demand has also softened on days in the middle of the week, but has strengthened on peak days.
The Yahoo Finance Live team discusses JPMorgan upgrading American Airlines to Overweight from Neutral and downgrading Southwest stock to Neutral, indicating a preference for big-name carriers.
President Joe Biden will announce on Monday that the U.S. Transportation Department aims to write new rules requiring airlines to compensate passengers for significant flight delays or cancellations when carriers are responsible. It is the latest in a series of moves by the Biden administration to crack down on airlines and bolster passenger consumer protections. "When an airline causes a flight cancellation or delay, passengers should not foot the bill,” U.S. Transportation Secretary (USDOT) Pete Buttigieg said in a statement.
Delta Air Lines' industry-changing pilot contract that offers $7 billion in higher pay and benefits is putting pressure on rival carriers to hand out similar deals ahead of a busy summer travel season. Any proposal that falls short of Delta's deal will likely have no takers among the unions, but airline executives say even matching that contract could balloon operating costs at a time when a worsening economy has clouded travel outlook. The Delta deal, working conditions and other topics will be discussed at a global conference of pilots in Montreal through Sunday.
Legacy and low-cost airlines use different models when planning their route networks. We asked a United Airlines’ global network planner to explain how the process works and the benefits and drawbacks of each strategy. Photo illustration: Nayon Cho
The U.S. airline industry delivered a mixed performance in the first quarter of 2023. With recovering demand, capacity is expected to go up ahead. Play airlines ETF on upbeat outlook.
Upbeat air-travel demand aids the Q1 results of American Airlines (AAL) and JetBlue (JBLU).
In just a moment, we will share our prepared remarks and then jump into Q&A. On the call with me today, we have our president and CEO, Bob Jordan; executive vice president and CFO, Tammy Romo; executive vice president and chief commercial officer, Ryan Green; and chief operating officer, Andrew Watterson. A quick reminder that we will make forward-looking statements, which are based on our current expectation of future performance, and our actual results could differ materially from expectations.
The Yahoo Finance Live team discusses a drop in Southwest Airlines' stock following a challenging holiday season.
Southwest Airlines' (LUV) first-quarter 2023 revenues benefit from the recovery of air-travel demand.
Investing.com -- Stocks were surging as big tech earnings helped lift all three indexes. Here are the market movers for April 27.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss quarterly earnings for Southwest Airlines and American Airlines.
U.S. carriers expect strong profit in the current quarter as travel spending remains strong, but delays in aircraft deliveries and staffing shortages are hampering their efforts to fully capitalize on consumer demand. Several U.S. operators including American Airlines and Southwest Airlines noted that delays in Boeing's aircraft deliveries could hurt in coming months. American Airlines, which forecast a higher-than-expected profit for the second quarter, expects to receive 20 planes from Boeing in the remainder of this year.
Although the revenue and EPS for Southwest (LUV) give a sense of how its business performed in the quarter ended March 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Southwest (LUV) delivered earnings and revenue surprises of -28.57% and 0.62%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Southwest Airlines reported another loss in the first quarter, trying to shake off a brutal holiday period that saw the U.S.’s second largest airline suffer a massive operations letdown.
Southwest Airlines Co reported a wider-than-expected first-quarter loss due to a pre-tax charge related to mass cancellations in December and flagged 20 fewer deliveries of the MAX jets this year from Boeing Co. "Demand for domestic air travel remains strong, thus far," said CEO Bob Jordan, at a time cost pressures due to high labor and fuel expenses weigh on the industry. The airline, one of Boeing's biggest MAX customers, said it expects 70 deliveries of the 737-8 jet this year instead of the planned 90 after the U.S. planemaker disclosed a manufacturing issue with some of the workhorse aircraft.
"Demand for domestic air travel remains strong, thus far," said CEO Bob Jordan, at a time cost pressures due to high labor and fuel expenses weigh on the industry. The airline, one of Boeing's biggest MAX customers, said it expects 70 deliveries of the 737-8 jet this year instead of the planned 90 after the U.S. planemaker disclosed a manufacturing issue with some of the workhorse aircraft. Delay in MAX deliveries is expected to increase operating costs for airlines and limit their ability to meet travel demand, hitting revenue.