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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 11:36 EDT
BofA analyst Andrew Diodora downgraded American Airlines (AAL) to Underperform from Neutral earlier this morning, citing the airline's high operational and financial leverage. He sees the spread of the coronavirus sending the airline industry into a recession and thinks peers should follow United (UAL) and JetBlue (JBLU) in cutting capacity, Diodora said.
News For AAL;UAL;JBLU From the Last 2 Days
Jan 17, 2022 | 15:35 EST
The chief executives of major U.S. passenger and cargo carriers on Monday warned of an impending "catastrophic" aviation crisis on Wednesday when AT&T (T) and Verizon (VZ) are set to deploy new 5G service, Reuters' David Shepardson reports. The airlines warned the new C-Band 5G service could potentially make a significant number of widebody aircraft unusable and "could potentially strand tens of thousands of Americans overseas." "Unless our major hubs are cleared to fly, the vast majority of the traveling and shipping public will essentially be grounded," wrote the chief executives of American Airlines (AAL), Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) and others. Reference Link
Jan 16, 2022 | 15:46 EST
Airlines canceled over 2,700 U.S. flights on Sunday as a winter storm combining high winds and ice was poised to hit the U.S. East Coast over the holiday weekend, Reuters' Kanishka Singh. The flights canceled by 12:30 p.m. ET on Sunday included over 2,700 entering, departing from or within the United States, according to flight tracking website Over 1,500 flights were delayed, the data showed. American Airlines (AAL) had over 600 flight cancellations, the author notes. Almost 95% of the flights out of Charlotte Douglas International Airport in North Carolina, an American Airlines hub, were canceled, the FlightAware website showed. Other publicly traded companies in the space include Alaska Air (ALK), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV), Spirit Airlines (SAVE) and United Airlines (UAL).Reference Link