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.
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.
October 25, 2014 |
U.S. airline stocks rallied Thursday after several carriers reported healthy third-quarter profits, helped by strong bookings and declining jet-fuel prices. Ebola fears have not noticeably discouraged travel, airline executives said. "The demand environment remains solid, and strong revenue trends have continued," Southwest Airlines chief financial officer Tammy Romo said on an investor call. American Airlines, Southwest, and JetBlue Airways posted record profits for the three months ended Sept.
July 26, 2014 |
U.S. airlines made money in the second quarter, beating analysts' expectations, as they flew fuller planes and garnered higher passenger revenue. American Airlines, which merged with US Airways in December, announced it would pay its first dividend since 1980, based on a record quarterly profit. The merged US Airways and American, which combined have more than 75 percent of the flights at Philadelphia International Airport, reported net income of $864 million, or $1.17 a share.
March 12, 2014 |
It's been a challenging couple of months for airlines: Winter storms caused American Airlines and US Airways to cancel a combined 28,000 flights, a 164 percent increase from a year ago. JetBlue Airways scrapped 3,900 flights, while United Airlines scrubbed 23,000 due to weather in January and February. Despite the harsh winter, major U.S. carriers expect healthy profits in 2014 - and a record volume of passengers this spring. Speaking at an investor conference in New York City on Monday, airline executives said the travel outlook was good, thanks to an improving economy and flat or lower fuel prices.
December 14, 2013 |
Top executives and investors do well in megamergers, and the American Airlines-US Airways Group merger that closed Monday offers more proof. Tom Horton, the outgoing chief executive of AMR Corp., American's former parent company, will receive nearly $17 million in cash and stock when he leaves the company in mid-2014, plus a lifetime of free flights on American for himself, his wife, and "eligible dependents," and an office and support staff for...
December 11, 2013 |
With the American Airlines and US Airways Group merger completed Monday, the hard work begins of integrating the carriers to create the world's largest airline. US Airways chief executive officer Doug Parker, who leads the new American Airlines Group Inc., began the day by ringing the opening bell on the Nasdaq Stock Market, where the new company debuted under the ticker symbol "AAL. " "After today's celebration, the real work begins," Parker said in a message to employees. "These include integrating our networks, combining our frequent flier loyalty programs, and achieving a single operating certificate.
August 7, 2013 |
European Union regulators have approved the merger of US Airways and American Airlines, conditional on getting a third competitor to fly between Philadelphia and London. American and US Airways agreed to divest, or sell, a pair of slots (takeoff and landing rights) to a rival to fly between Philadelphia International and London Heathrow Airports, the European Commission said Monday. The commission is the executive branch of the European Union. Commission vice president Joaquin Almunia said antitrust authorities examined transatlantic routes affected by the merger and only one - London-Philadelphia - presented a monopoly.
July 1, 2013
Spying will not keep U.S. safe Routine government spying on everyone in the United States is not a run-of-the-mill scandal. We cannot buy safety by tearing apart our Constitution. The tremendous store of personal information our government collects invites capricious tyranny. Now being policed by the National Security Agency, Department of Homeland Security, CIA, FBI, and more, we are indebted to Edward Snowden for disclosing vast government spying - despite great risk to himself. His was a courageous, patriotic act. Diane Laison, Philadelphia Snowden's leaks were reckless Due to Edward Snowden, our methods of preemptively intercepting communications by terrorist groups have been compromised.