June 25, 2015 |
The Philadelphia region and New Jersey are home to many pharmaceutical and life-sciences companies that send and receive finished medicines and raw drug ingredients around the globe. American Airlines officials snipped a ribbon and provided tours Tuesday at Philadelphia International Airport of a new $5 million cargo refrigeration facility catering to the cold storage needs of these companies. The 25,000-square-foot renovated warehouse opened six weeks ago, and can handle nearly four times the amount of perishable, time-sensitive, and valuable airfreight - including vaccines, blood products, gene therapies, tissues, insulin and immunotherapies - that travel in the belly of planes on American and merger partner US Airways passenger flights.
June 13, 2015 |
After two days of intense negotiations, airlines at Philadelphia International Airport and the Service Employees International Union (SEIU) reached an agreement on "labor peace" language in a new five- to seven-year lease with the city. Beginning July 1, about 2,000 workers employed by airline subcontractors, including skycaps, wheelchair attendants, aircraft cabin cleaners, and baggage handlers, will be paid $12 an hour, in keeping with a "living wage" standard approved by Philadelphia voters in May 2014.
June 12, 2015 |
The city has a pending lease deal with the airlines at Philadelphia International Airport, but it could be scuttled over a City Council "labor harmony" provision making it easier for lower-paid workers at the airport to unionize. American Airlines, Philadelphia's hub carrier with 70 percent of the airport passenger traffic, and the other airlines have agreed to a new five-year lease with two one-year extensions with the Nutter administration that provides $158.2 million in capital investment.
June 12, 2015 |
A NEW LEASE agreement between Philadelphia International Airport and the airlines that use it will serve as more than just an economic stimulus. The lease, approved by City Council yesterday, ensures that airport subcontractors will pay workers $12 per hour as required in the living-wage standard passed by Mayor Nutter in January. The lease will take effect July 1. The agreement follows extensive discussion among the airport's chief executive officer, Mark Gale; SEIU Local 32BJ's vice president, Gabe Morgan; and American Airlines vice president of government and airport affairs Michael Minerva.
May 14, 2015 |
American Airlines will begin transferring US Airways passenger reservations to its own system this summer, with the goal of phasing out the US Airways brand by the end of the year. American, which merged with US Airways in December 2013, notified travel agents and online ticket sites Tuesday that it would begin the transition as early as July, with the final "operational cutover" 90 days later, in October, when flights with the US Airways brand will end. Getting to a single reservation system is one of the most complex steps in the merger that created the world's largest airline with 100,000 employees and 6,700 daily flights.
April 26, 2015 |
American Airlines, Philadelphia's dominant air carrier, reported Friday a record $1.2 billion profit in the first three months of this year, mainly because of lower fuel prices. American earned $402 million in the same period last year. Jet-fuel costs dropped 42.2 percent in the three months ended March 31 compared to the same period last year. Management said that although passenger travel demand remained healthy, revenue was impacted by a stronger U.S. dollar, foreign currency fluctuations, competition on international routes, and economic softness in Latin America.
April 11, 2015 |
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.
April 9, 2015 |
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.
March 26, 2015 |
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.
March 19, 2015 |
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.