Tag Archives: Airlines

[unable to retrieve full-text content]Southwest Airlines Co. (LUV) Stock Price, News, Quote & History  Yahoo Finance Source link

By Foo Yun Chee BRUSSELS (Reuters) – Lobbying groups representing airlines, hotels and restaurants on Wednesday warned that changes proposed by Alphabet’s Google to comply with EU landmark rules may drive users to large online search services at their expense. The comments from Airlines for Europe group that has Air France KLM and British Airways owner IAG as members, hotel group Hotrec, European Hotel Forum, Eurocommerce, Ecommerce Europe and Independent Retail Europe came after Google rolled… Source link

Delta trimmed its 2024 guidance on Friday, citing higher costs and supply chain issues. Despite the short-term challenges, Delta is still better positioned than some of its competitors, according to Third Bridge Global Sector Lead Peter McNally. McNally told Yahoo Finance Live that the airline has a number of advantages, including its maintenance program, which makes them “a bit more immune” to inflationary pressures and supply issues. “This won’t be a super great year in 2024, but it will… Source link

Southwest Airlines (LUV) reported a loss for the fourth quarter, as the company took an $800 million pretax hit to earnings due to the computer system failure that led to the airline’s holiday travel meltdown. For the quarter, Southwest reported: “Due to the operational disruptions in late December, which resulted in more than 16,700 flight cancellations, we incurred a fourth quarter pre-tax negative impact of approximately $800 million (or approximately $620 million on an after-tax basis),… Source link

Netflix (NFLX): Shares soared 10% after the company said it added 2.41 million subscribers during the third quarter, surpassing Wall Street’s estimates of 1 million. Netflix executives noting in the earnings release that “after a challenging first half, we believe we’re on a path to reaccelerate growth” and the key is “pleasing members.” Netflix noted the strong dollar as a headwind and estimates the greenback’s appreciation to negatively impact full year 2022 revenue by up to… Source link

The so-called “summer of travel hell” is behind us, but the ongoing national pilot shortage is still causing plenty of headwinds for the industry. Estimates vary, but one government estimate projects a shortfall of 18,000-plus pilots each year for the next decade. Mesa Airlines, a regional airline that flies for both United and American as well as cargo carrier DHL Express, says his company has a solution. CEO Jonathan Ornstein told Yahoo Finance his company is rolling out a program to… Source link

says that hackers may have obtained personal information for a “very small number” of customers and employees. The company did not say exactly how many people were impacted, though it noted there’s no evidence that the attackers have misused the information. It told affected customers that names, driver’s license and passport numbers, addresses, email addresses, phone numbers, dates of birth and medical information may have been compromised. The hackers gained access to American’s email… Source link

(Reuters) – Airlines canceled nearly 700 flights in the United States early Monday, as they struggled to keep up with a surge in summer travel demand due to a shortage of staff ranging from pilots to crew members. Total flight cancellations within, into, or out of the United States as of 6.07 am ET were 669, as per flight-tracking website Flightaware.com. Nearly 860 flights were canceled on Sunday. Delta Air Lines, United Airlines Holdings Inc and Republic Airlines Inc had over 100… Source link

A wild video has emerged of Calgary Stampeders receiver and ex-NFLer Brendan Langley brawling it out with a United Airlines employee. (Photo via Twitter/DMNTnasa) (Warning: Article contains video with violent subject matter) Calgary Stampeders wide receiver Brendan Langley was arrested and charged with simple assault Thursday after getting into a fight with a United Airlines employee. The employee slapped Langley in the face, prompting Langley to look around and ensure that everyone saw that he… Source link

Former long-time United Airlines CEO Oscar Muñoz says consolidation in the airline industry makes sense, and there is a pathway for Spirit Airlines to be owned by JetBlue or Frontier Airlines. “If I was at United, I would be supportive of this,” Muñoz said on Yahoo Finance Live. “Consolidation will help the level of service. There likely may be concessions. One of the two [carriers] should be able to pull it off.” Last week, JetBlue shocked Wall Street by offering to buy Spirit for $3.6… Source link