American Airlines
Analysis-US Airlines See Stronger Profits as Airfare War Ends
October 31, 2024
By Rajesh Kumar Singh CHICAGO (Reuters) - U.S. airlines appear to have rediscovered their mojo, thanks to a sharp reduction in capacity that plagued the market this summer. Airfares have turned higher, and airline stocks are now outperforming the broader market. That improvement was one reason why American Airlines lifted its full-year profit forecast. It led to a surprise third-quarter profit at Southwest Airlines and has put Delta Air Lines on track to deliver one of the most profitable fourth quarters in its history. The NYSE Arca Airline index has gained 23% in the past three months, outpacing an 8% jump in the S&P 500 index....
US Fines American Airlines Record $50 Million Over Treatment of Disabled Passengers
Reuters | October 23, 2024
By David Shepardson (Reuters) - The U.S. Transportation Department on Wednesday said it was fining American Airlines a record $50 million for its treatment of disabled passengers, including failing to provide some with adequate assistance and mishandling wheelchairs. The fine is 25 times larger than the previous highest airline penalty for disability protection violations, setting a "new precedent" for future enforcement, the department said. "The era of tolerating poor treatment of airline passengers with disabilities is over," said Transportation Secretary Pete Buttigieg. "By setting penalties at levels beyond a mere cost of doing b...
