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...Greg Smith, American Airlines chair and a former Boeing finance director, is seen as another potential candidate....
...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....
...American Airlines ordered another 85 A321 neos from Boeing’s rival Airbus, and 90 E175 aircraft from Brazilian aerospace company Embraer....
...American Airlines has forecasted 2024 profits largely above Wall Street expectations after reporting record revenue for 2023....
...Five US carriers have raised bag fees by $5 in the past two months, starting with Alaska Airlines and JetBlue Airways in January and February, then American Airlines, United Airlines and Delta in a two-week...
...Chief among them: the airline’s long-standing credit card deal with American Express....
...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...
...Matthew G Andersson Founder and Former CEO, Indigo Airlines Former President, Indigo AerospaceChicago, IL, US...
...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....
...The decision could make it harder to reshape the industry — particularly for lower-cost carriers — which has consolidated rapidly over the past two decades, leaving it dominated by the four big carriers: American...
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...Families are one thing but the locals are not thrilled by the arrival of large corporations....
...American Airlines reported record third-quarter revenue, but swung to a $545mn net loss after making a one-time payment to pilots under their new contract....
...As United Airlines chief executive Scott Kirby recently noted, innovation and quality have been on the decline ever since....
...They successfully sued to unwind the American and JetBlue alliance in the north-east, and are trying to block JetBlue’s proposed takeover of Spirit....
...We truly have a market system that has been captured by large corporations, something that I experience nearly every day in my own working life....
...Airline shareholders like soft landings as much as airline passengers do. American Airlines’ investors are out of luck....
...Credit card interest and fees increased by $51bn in that time to $157bn, according to data provided by US banks to the Federal Deposit Insurance Corporation....
...As for JetBlue, it has been searching for a way to keep up with the big four US carriers — American, United, Delta and Southwest — who through their own dealmaking now control 80 per cent of the domestic...
...American Airlines has slashed its third-quarter profit forecast due to fuel prices that have “increased considerably” since July and retroactive payments to pilots....
...He already said during the SOTU that corporations needed to pay more taxes so expect to hear him aim his sights at corporations more as he hits the campaign trail....
...Big airlines and the Irish prime minister have warned that maintaining the cap could hit an economy where multinationals such as Microsoft, Apple, Google and Pfizer pay billions of euros in corporation tax...
...Dennis Tajer, of the pilots’ union for American Airlines, calls Boeing a “national symbol” that should be held to a high standard....
...On Wednesday, American Airlines became the latest operator to admit that profits would suffer....
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