The Reddit army bailout: Desperate companies get new lifelines
It’s the kind of rescue that the most indebted companies in America can only dream of: a fresh injection of cash that doesn’t hurt their already depressed stock price or load even more costly debt onto their balance sheet. Yet thanks to the army of ...
In COVID-19 era, United and American Airlines pull out more tricks to fill seats
Airline executives are having to innovate to get people traveling again to stave off the worst consequences for the industry, including massive job losses.
American Airlines braces balance sheet with $3.5 billion in financing
American Airlines is selling $750 million of shares and the same amount of senior convertible notes due in 2025, the carrier said in a statement Sunday.
American Airlines bans conservative activist in showdown over face masks
American Airlines Group Inc. removed a passenger who refused to wear a face covering and banned him from taking flights in the future, capping a week in which U.S. carriers vowed to step up enforcement of mask use. Brandon Straka won’t be allowed to fly ...
Coronavirus-hit airlines swap passengers for cargo to stay aloft
Unable to fill planes with passengers as the coronavirus destroys travel demand, airlines are instead using their fleets to transport more cargo, including medicines, smartphones and Korean strawberries. The likes of Cathay Pacific Airways Ltd., Korean Air Lines Co. and American Airlines Group Inc. are ...
U.S. flight rules on China visits will pose new airline challenges
The U.S. Department of Homeland Security (DHS) issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus. Airline officials said Sunday the new rules will mean they must now ask all U.S.-bound passengers ...
American Airlines pilots sue to block China flights as virus unnerves crews worldwide
A pilots union filed a lawsuit on Thursday seeking to immediately halt American Airlines U.S.-China service, as cabin crews worldwide voiced unease about exposure to the rapidly-spreading coronavirus which has killed more than 170 people in China. The Allied Pilots Association, which represents American Airlines ...
American Airlines reaches settlement with Boeing for 737 Max compensation in 2019
American Airlines Group Inc. said on Monday it had reached a confidential agreement with Boeing Co, to address damages the airline incurred in 2019 due to the ongoing grounding of its fleet of Boeing 737 Max aircraft. American, the largest U.S. airline, said the compensation ...
American Airlines mechanic stripped of FAA certificate and ordered held in sabotage case
An American Airlines mechanic charged with purposely damaging an aircraft in July during a dispute between the airline and its mechanics union involving stalled contract negotiations will remain behind bars until at least Sept. 20, according to a court filing on Thursday. The Federal Aviation ...
American scrubs 737 Max flights through early December, but expects approval this year
American Airline Group Inc. said on Sunday it is extending cancellations of Boeing 737 Max flights through Dec. 3 but remains confident that the aircraft will be approved to fly again this year following new software and pilot training. The fast-selling 737 Max has been ...
American Airlines will pay $90 million over 10 years to sponsor the new home of the NFL's Rams and Chargers, becoming the first official partner for billionaire Stan Kroenke's new Los Angeles Stadium. American Airlines agreed to sponsor the 2.5-acre space that serves as main ...
Boeing 737 Max woes worsen with drag on Southwest and American
Fallout from the global ban on Boeing's 737 Max got heavier as American Airlines warned that profit this year would take a $400 million hit, while Southwest Airlines cut service at a major airport and scratched the jet from its schedule into next year. Southwest ...
