American Airlines

Lockdowns around the globe have created an increase in demand for shipping. The increase in demand in cargo is contrary to the drastic and dramatic drop in passenger demand as well as commercial flights. The reduction in passenger flights has lead to a drop in capacity for cargo as well. In response, passenger airlines have […]

The airline day of reckoning is coming if everything continues on its current path. The bailout money airlines got this spring will hold them over until September 30 on the condition that payroll is maintained. Airlines, especially JetBlue and United Airlines, have become creative to find loopholes around this condition, however, for the most part, […]

American Airlines has announced that, with government aid, it has enough liquidity to survive the travel drop-off associated with the Coronavirus pandemic. American reported its Q1 results a bit over a week ago and it revealed its current liquidity status as well as its current cash flow position. The airline ended the first quarter with […]

International Airlines Group (IAG), the parent company of British Airways, has announced a first-quarter (Q1) loss for 2020 of €535 million ($579 million). This compares with an operating profit of €135 million ($146 million) for the same period last year. Unsurprisingly the novel coronavirus (COVID-19) impacted the consortium’s operations for the period resulting in a […]

In an internal memo to employees, American Airlines announced that it will move its Airbus A330-200 fleet into long-term storage until at least 2022 as demand for flights has plummeted, making the jet’s operation too costly on both long-haul and domestic routes. American has already parked around 450 planes and accelerated the retirements of several […]

As airlines continue to struggle through the virtually nonexistent travel associated with the coronavirus pandemic, they are looking for as many places as possible to cut down on costs in an effort to save money. Many airlines have grounded large portions of their fleets, including inefficient jumbo jets that they would be unable to fill […]

Last week, the first two of the four major U.S. airlines reported their first-quarter earnings. Atlanta-based Delta Air Lines announced a loss of $607 million and United Airlines announced a whopping $2.1 billion loss for the same time period. Originally, Southwest Airlines and American Airlines — the two Dallas/Fort-Worth-headquartered competitors — had been slated to […]

With the travel industry coming to a grinding halt, there a lot of people not taking their vacations or traveling for business. This has brought up a big problem for the industry beyond some of the most obvious reasons: customers want and are generally legally entitled to cash refunds. Largely, this is a result of […]

This week marks one of the first opportunities American investors and the public will have to see just how the airline industry is suffering as a result of the COVID-19 pandemic. The four largest U.S. carriers are all set to release their first-quarter earnings this week. United Airlines’ numbers first leaked on April 20 and […]

The COVID-19 pandemic has dramatically reduced travel demand across the United States and throughout the world. Recently the United States has seen record low numbers of passengers traveling with passenger counts nationwide dipping below 100,000 earlier in the week. In response to this dramatic drop in demand, airlines have been seeking measures to reduce costs […]