All American Airlines articles – Page 10
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NewsAmerican adds $2bn to balance sheet
American Airlines has priced its common stock offering and convertible bond raising nearly $2 billion.
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News
American Airlines sees encouraging demand trend
American Airlines says it has transported an average of 127,000 passengers daily in June so far, up from a low of 32,000 passengers in April, as travelers once again take to the sky while the global coronavirus crisis enters its fourth month.
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News
American to operate 55% of its 2019 domestic network this summer
American Airlines’ domestic schedule will soon exceed 50% of its prior-year level for the first time since the coronavirus pandemic hammered travel demand.
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In depth
North American carriers hunker down through crisis
While hard hit North American carriers may have found some comfort from state support packages and the size of its home markets, they have taken action swift action to limit cash burn to protect their businesses while waiting for passenger demand to return
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News
American sees signs of travel rebound
American Airlines says it sees promising signs of a rebound in air travel after the coronavirus pandemic decimated the industry earlier this year, but warns that the bounce in demand is tenuous, and from a vanishingly low level.
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News
BA and American offer London slots to ease transatlantic pact concerns
Oneworld alliance carriers British Airways and American Airlines have offered slots at London Heathrow or Gatwick to address competition concerns on transatlantic services arising from their joint business arrangement. The measures have been put forward ahead of the expiry, after 10 years, of a binding commitment made in 2010 ...
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News
Warren Buffett’s investment firm sells out of four major US carriers
Renowned investor Warren Buffett has dumped his stakes in four major US carriers, four years after joking that his firm Berkshire Hathaway was set to benefit from airlines’ tendency to increase fares ahead of its shareholder events. Buffett disclosed the decision to shareholders during Berkshire Hathaway’s 2020 event on ...
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News
American lightens fleet load in pursuit of liquidity
American Airlines is counting on cost-saving fleet retirements and a $4.75 billion US CARES Act loan to boost its liquidity sufficiently to help see it through the next two quarters while waiting for travel demand to revive somewhat during the summer months.
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In depth
Grounded commercial aircraft around the world – in pictures
Parked aircraft have become commonplace at airports in all regions as the coronavirus outbreak prompts border restrictions and plummeting demand for air travel
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News
Southwest and American announce government aid deal
Two US passenger carriers say they have reached deals with the government on the amount of emergency financial aid promised to the industry as part of the $2 trillion CARES Act, as airlines realign their networks to face the realities of the sharp drop-off in travel demand since the coronavirus pandemic began.
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In depth
Can pilots hold onto their jobs? Careers under threat as demand for flights collapses
Almost 20 years ago, the aftermath of 9/11 saw a raft of lay-offs among flightcrew as demand for flying collapsed. Now, amid an even bigger crisis for aviation, we assess the likely impact on cockpit careers
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News
American Airlines cuts summer schedule
American Airlines says its summer 2020 schedule will reflect the realities of the decline in demand after the global coronavirus pandemic.
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In depth
US carriers race to shrink fleets as nearly 400 near-term aircraft deliveries loom
The speed at which a handful of US passenger airlines bounce back from the coronavirus pandemic will to a large degree determine how significantly the virus downturn wallops airframers Airbus and Boeing.
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News
American Airlines to fly cargo-only flights for first time since 1984
Due to lack of demand for passenger transportation, American Airlines plans to start flying scheduled cargo-only flights.
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News
Coronavirus prompts American to retire 767s and 757s early
American Airlines has accelerated the retirement of its 767s and 757s. It now plans to ground 767s in May and 757s by the second half of 2021.
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News
American cuts international capacity by 34%
American Airlines has further slashed international capacity following increased US travel restrictions for foreign nationals, as the US government attempts to slow the spread of the coronavirus within the country.
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News
US airlines cap fares from Europe
As the coronavirus crisis rapidly disrupts airline operations worldwide, major US carriers are taking measures to prevent price gouging for passengers desperate to return to the United States before travel restrictions between Europe and the US take effect on Friday.
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News
American suspends numerous flights to Europe and Latin America
American Airlines has extended the suspension and cancellation of numerous international flights, including to regions that have not yet been severely impacted by the coronavirus, such as Latin America.
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News
American, Delta suspend flights to Italy
American Airlines and Delta Air Lines cancelled their flights to northern Italy as passengers become increasingly skittish about traveling to areas where the coronavirus, also known as Covid-19, has rapidly spread in the past few days.
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News
Qatar strikes deal to restore American Airlines partnership
Middle East carrier Qatar Airways has struck a revived codeshare deal with its Oneworld partner American Airlines, two years after the US carrier ended their co-operation.
