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...Greg Smith, American Airlines chair and a former Boeing finance director, is seen as another potential candidate....
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...Southwest Airlines, the carrier with the most 737 Maxes in service and on order, will publish financial results, along with American Airlines....
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...The company’s shares rose 11.3 per cent in early trading while rivals American Airlines, Delta Air Lines, and Southwest Airlines all added more than 3 per cent....
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...Americans have gorged on billions of dollars of credit card debt over the past three years....
...Chief among them: the airline’s long-standing credit card deal with American Express....
...The Alaska Airlines accident led to the temporary grounding of the 737 Max 9 aircraft, forcing Boeing to make payments to customers United Airlines and Alaska Airlines for disrupting their operations....
...The market reaction came after the Federal Open Market Committee voted unanimously to leave rates unchanged at a 23-year high of 5.25 per cent to 5.5 per cent....
...Boeing needs to get their act together,” American Airlines chief executive Robert Isom told analysts on Thursday. Boeing’s issues over the past number of years were “unacceptable”, he added....
...Mentioned in this podcast: Donald Trump wins New Hampshire primary but Nikki Haley vows to fight on American Airlines chief says Boeing’s quality problems ‘unacceptable’ Christine Lagarde says ‘disinflation...
...They don’t want to destroy their lives as Americans. They want power for a better life. And that’s part of what the new American labour movement is about....
...Plus, major US airlines are furious with Boeing. Sylvia Pfeifer American Airlines chief executive Robert Isom told analysts on Thursday that the airline is going to hold Boeing accountable....
...Exclusive: Brookfield Asset Management is in advanced talks to buy a majority stake in $22bn private credit manager Castlelake, a specialist lender to airlines, as the world’s second-largest alternative...
...A US federal judge has blocked JetBlue Airways’ proposed $3.8bn acquisition of Spirit Airlines, in a victory for the Biden administration’s top antitrust enforcer at the Department of Justice....
...Late payments rise on US loans tied to inflated pandemic credit scores Consumers cut back on credit cards as repayment charges hit record high...
...Meanwhile, as Federal Trade Commission chair Lina Khan pointed out in a March speech warning against the dangers associated with promoting national champions, concentration and financialisation in the airline...
...The expert panel, which consisted of managers from Boeing and airlines, union representatives and academics, said it reviewed 4,000 pages of Boeing documentation and interviewed 250 employees, and their...
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...Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...On Monday, a US federal judge nixed JetBlue’s all-cash buyout for Spirit Airlines, with an equity value of $3.8bn....
...But you are in the FOMC [Federal Open Market Committee], sitting around the table, you’re saying inflation has come down from the peak in 2022. That’s great. And went down from 9 per cent to roughly 3....
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