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American Airlines

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BUSINESS
May 30, 1996 | by Scott Flander, Daily News Staff Writer Staff writers Anthony S. Twyman and Kurt Heine contributed to this report
You might go to the airport someday soon and get the impression that American Airlines basically owns the joint. If American Airlines buys USAir Group, more than 70 percent of Philadelphia International Airport's domestic flights would be operated by American. And for Philadelphia travelers, that could mean higher fares and, maybe, fewer flights to choose from, some airline experts say. Right now, it's far from certain that American will buy USAir. But that possibility is reportedly being discussed by American Airlines and British Airways, which appear to be on the verge of a major trans-Atlantic alliance.
NEWS
August 5, 1990 | By Donald D. Groff, Special to The Inquirer
AIRPORT SURCHARGE. American Airlines has begun imposing ticket surcharges of $1 to $4 on each departing passenger at five U.S. airports, in effect passing on to customers charges that the airports have assessed the airline. The airports are New York's La Guardia, Newark International and those in New Orleans and in Fort Myers and West Palm Beach, Fla. The surcharges reflect disagreements over fees between the airline and the airports. At La Guardia, for instance, the airline objects to some airport- improvement costs with which it has been saddled.
BUSINESS
January 3, 1991 | The Inquirer Staff
American Airlines said yesterday that it would lay off an unspecified number of workers because what it termed an illegal sickout by pilots has forced the carrier to cut back its flight schedule. The nation's largest airline said it would reduce the number of flights by 4 percent in mid-January because of what it said was an organized effort by pilots to slow operations to protest a lack of progress in contract talks. The carrier normally operates about 2,300 daily flights worldwide.
NEWS
March 26, 2008 | ASSOCIATED PRESS
FORT WORTH, Texas - American Airlines canceled about 200 flights today so its crews can inspect some wire bundles aboard its MD-80 aircraft. The canceled flights represent less than 10 percent of the nation's biggest airline's scheduled service for the day. American canceled most of its flights scheduled for today between Philadelphia International Airport and its hub at Chicago O'Hare Airport, and other flights to its Dallas/Fort Worth and...
BUSINESS
March 23, 1989 | From Inquirer Wire Services
In a bid to gear up for the next decade, American Airlines said yesterday that it had placed orders for 75 twin-jet aircraft from Dutch manufacturer Fokker and 35 jetliners from Boeing Co. "Taken together, these transactions complete the task of positioning American for the 1990s," chairman Robert Crandall said at a news conference. The airline, owned by AMR Corp. in Fort Worth, Texas, also took options to purchase another 75 aircraft from Fokker. The order is the largest in Fokker's history, it said.
BUSINESS
August 10, 2012 | By Linda Loyd, Inquirer Staff Writer
American Airlines' pilots overwhelmingly rejected a tentative agreement with the bankrupt airline Wednesday, putting their fate before a federal bankruptcy judge and potentially delaying US Airways' quest to merge and create the world's biggest airline. The Allied Pilots Association, representing 8,000 pilots, voted 4,600 against and 2,935 in favor of the tentative contract. An approval would have sped American's plan to restructure and emerge from Chapter 11 reorganization as a stand-alone company, or part of a merger, one airline analyst said.
NEWS
August 21, 2012
American Airlines flight attendants have approved cost reductions, including changes to work hours and pensions, sought by the bankrupt carrier, the union said Sunday. Despite the "yes" vote, union leaders said they continue to support a merger with US Airways Group Inc. and have "zero confidence" in American's current management. "We firmly believe that the only way for American Airlines to grow and compete and perhaps even to survive is through a merger" that puts US Airways chief executive Doug Parker and his team in charge, the Association of Professional Flight Attendants said on its website.
BUSINESS
March 19, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines, Philadelphia's largest air carrier after merging with US Airways, will join the Standard & Poor's 500 stock index after the stock market closes on Friday. American will replace Allergan Inc., which is being acquired by Actavis P.L.C. in a $66 billion deal. Shares of American opened Tuesday at $52.64, up 5 percent from the closing price Monday. The stock rose 5.9 percent to $53.19 in mid-morning trading. American joins other U.S. airlines, Delta and Southwest, on the S&P 500 which is seen by some money managers and pension plan administrators as a reflection of the overall performance of the stock market.
NEWS
October 12, 2012
American Airlines said Thursday it will reduce its flight schedule by 1 percent through the first half of November because of continuing flight delays and cancellations. While "encouraged" by improvements in some performance metrics, the Fort Worth, Tex.-based carrier said "overall, we are not yet back to the levels our customers deserve and expect. " The change will not affect holiday travel, American said in a memo to employees. American earlier reduced its flying by 1 percent to 2 percent through October.
BUSINESS
December 1, 2012 | By Linda Loyd, Inquirer Staff Writer
A significant group of financial creditors of bankrupt American Airlines said it would support a stand-alone carrier after bankruptcy only if there were to be a new board of directors - and key stakeholders, including labor, were part of the selection. The group laid out its position in a letter to American pilots' union president Keith Wilson made public to 8,000 members of the Allied Pilots Association (APA) on Wednesday. The 12 creditors, represented by the law firm Milbank, Tweed, Hadley & McCoy, said that as "material" stakeholders "we intend to be one of the primary negotiators of any plan of reorganization.
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BUSINESS
April 11, 2015 | By Linda Loyd, Inquirer Staff Writer
U.S. airlines and travel groups will be watching as President Obama interacts with Cuban President Raul Castro this week at the Summit of the Americas in Panama, marking their first meeting since the White House announced new regulations that would make it easier for Americans to travel to Cuba. It has been 54 years since U.S. airlines have flown commercial flights to Cuba, but that could soon change. American Airlines, Philadelphia's dominant carrier, along with JetBlue, United, Delta, and Southwest Airlines have all expressed interest since Obama announced in December that the U.S. would move to renew diplomatic relations and expand trade and tourism with Cuba.
BUSINESS
April 9, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines and merger partner US Airways have been approved to receive a single operating certificate from the Federal Aviation Administration, effective Wednesday. Although passengers will not notice differences, behind the scenes US Airways and American have aligned many operating policies and procedures to become a single airline. For the time being, passengers can still book trips on separate US Airways and American websites until there is a single ticket-reservation system, expected by the end of the year.
BUSINESS
March 26, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines will combine the frequent-flier program of merger partner US Airways into its AAdvantage program, starting Saturday. The move to a single frequent-flier plan will take several days and will mesh 30 million US Airways' Dividend Miles members with 70 million American customers, American said in an e-mail message to travelers Tuesday. Although the two carriers officially merged in December 2013, the process of combining frequent-flier programs, obtaining a single operating certificate from the Federal Aviation Administration, and getting to a single computer reservation system are major steps that will not be completed until late this year.
BUSINESS
March 19, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines, Philadelphia's largest air carrier after merging with US Airways, will join the Standard & Poor's 500 stock index after the stock market closes on Friday. American will replace Allergan Inc., which is being acquired by Actavis P.L.C. in a $66 billion deal. Shares of American opened Tuesday at $52.64, up 5 percent from the closing price Monday. The stock rose 5.9 percent to $53.19 in mid-morning trading. American joins other U.S. airlines, Delta and Southwest, on the S&P 500 which is seen by some money managers and pension plan administrators as a reflection of the overall performance of the stock market.
BUSINESS
March 7, 2015 | By Linda Loyd, Inquirer Staff Writer
American, Delta, and United airlines escalated their campaign Thursday to get the Obama administration to renegotiate Open Skies treaties, or flight rights, with the rapidly growing Persian Gulf airlines Emirates, Etihad, and Qatar. At a news conference in Washington, the largest U.S. carriers said state-owned Gulf carriers had received $42 billion in subsidies and benefits since 2004 from the United Arab Emirates and Qatar in violation of the U.S. Open Skies policy, creating an unfair advantage over U.S. carriers that operate without such subsidies.
BUSINESS
February 13, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines will begin flying its first Boeing 787 Dreamliner in May, but it won't be to Philadelphia - not at first, anyway. Philadelphia's dominant air carrier, after merging with US Airways, announced Wednesday that flights will begin May 7 between Dallas-Fort Worth and its hub in Chicago, and beginning June 2 between Dallas-Fort Worth and Beijing. On June 4, American will fly the Dreamliner between Dallas-Fort Worth and Buenos Aires, Argentina. American said it will add more 787 routes this year as the new aircraft arrive, but declined to speculate on what the future holds.
BUSINESS
January 29, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines and merger partner US Airways reported better-than-expected fourth-quarter earnings Tuesday, and the company expects to save $5 billion this year in lower fuel costs. Philadelphia's largest carrier does not buy expensive fuel hedges to protect against swings in oil prices. American pays market prices, and during the recent sharp drop in oil, the airline has cashed in - saving 17 percent on jet fuel in the latest quarter. Despite record profits, a new $2 billion stock buyback program announced Tuesday, and a 10-cents-per-share quarterly dividend, American's shares fell 5 percent after the company said a key revenue measure would fall in the first quarter.
BUSINESS
January 4, 2015 | By Linda Loyd, Inquirer Staff Writer
American Airlines and merger partner US Airways could enjoy more than $2.5 billion in "tailwinds" in 2015 because Philadelphia's dominant airline does not hedge its jet-fuel costs and does not have profit-sharing with employees, a Wall Street analyst said Friday. American is one of the few major airlines that does not buy hedges, which are futures contracts that lock in fuel prices in advance. Declining oil prices should be worth at least $1.3 billion to American, airline analyst Hunter Keay of Wolfe Research L.L.C.
BUSINESS
December 25, 2014 | By Linda Loyd, Inquirer Staff Writer
American Airlines Group said Tuesday that it will raise pay rates by 4 percent for union-represented employees of US Airways and American that reach joint labor contracts. Philadelphia's largest airline said nonunion employees, below the director level, will get the same 4 percent raise. A year after the merger of US Airways and American, the airline's CEO Doug Parker said, "Taking this step just one year into our integration speaks volumes about just how well American is performing.
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