Aerial view of United Airlines passenger planes docked in a terminal of Newark Airport in Newark, New Jersey, on May 11, 2024.Major airlines and an industry trade association asked a federal appeals court to toss out a new Department of Transportation rule requiring earlier disclosure of add-on fees when booking flights.The challengers — Airlines for America, along with Alaska, American, Hawaiian, Delta, JetBlue and United airlines — argue the DOT exceeded its legal authority when it published the rule in l ...

WASHINGTON, May 7, 2024 /PRNewswire/ -- UATP, the global payment network that enables organizations to simplify payment processes to expand their payment capabilities, has received approval from the US Patent and Trademark Office (USPTO) for its second patent application related to Batch Processing Composition and Conversion. The technology, which will be protected by a US Patent, supports Ceptor, UATP's in-house developed Alternative Form of Payment (AFP) processing solution. Ceptor allows UATP Merchants t ...

The ongoing earnings season has thrown up a picture of hope and resilience, with many companies reporting better-than-expected earnings per share despite headwinds like the recent uptick in inflation and the weak demand scenario. Generally, an earnings beat by a company leads to an uptick in its stock price.The improving scenario is further highlighted by the fact that most companies have been witnessing favorable earnings estimate revisions of late.  Given this highly encouraging backdrop, it is worth keep ...

Boeing 787-9 Dreamliner, from American Airlines company, taking off from Barcelona airport, in Barcelona on 24th February 2023.American Airlines on Friday said Boeing's 787 Dreamliner delivery delays are forcing it to cut some long-haul flights in the second half of the year and into early 2025, the latest carrier to change its schedule citing the manufacturer's production problems.American expects to receive three Dreamliners this year, down from six, it said in a filing Thursday. Boeing said earlier this ...

Wall Street is eagerly awaiting the long-anticipated pivot from the Federal Reserve’s quantitative tightening cycle. While no one can pinpoint the exact timing of such a shift, the Fed has signaled three rate cuts this year. However, recent inflation data have cast doubt on whether we’ll see any easing at all in 2024. Personally, I believe at least one rate cut is likely, given the political pressures of an election year. Regardless, nearly everyone agrees that inflation will eventually subside. That should ...

American Airlines’ (AAL) first-quarter 2024 loss (excluding 14 cents from non-recurring items) of 34 cents per share was wider than the Zacks Consensus Estimate of a loss of 28 cents. In the year-ago quarter, AAL reported earnings of 5 cents.Operating revenues of $12.57 billion fell short of the Zacks Consensus Estimate of $12.59 billion but increased 3.1% year over year. Passenger revenues, accounting for 91.2% of the top line, increased to $11.46 billion from $11.1 billion recorded a year ago. The metric ...

Business travel is on a steady ascent, aligning with the resurgence observed in the leisure travel sector over the past three years. On Thursday (April 25), American Airlines announced a record first-quarter (Q1) revenue of approximately $12.6 billion, with business travel showing robust growth, particularly among small- to medium-sized businesses. United Airlines similarly reported a double-digit percentage increase in business demand quarter over quarter last week, underscoring strong corporate travel dem ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: American Airlines cited recovering business travel as a supportive factor as it confirmed its full-year profit forecast. American Airlines reported a quarterly loss Thursday on an uptick in labor and other operating costs as the carrier confirmed its full-year financial forecast. The big US airline lost $312 million in the fir ...

American Airlines Group Inc. (NASDAQ:AAL) Q1 2024 Earnings Conference Call April 25, 2024 8:30 AM ET Company Participants Scott Long - VP, IR & Corporate Development Robert Isom - CEO Devon May - CFO Vasu Raja - CCO Nate Gatten - Chief Government Affairs Officer Conference Call Participants David Vernon - Bernstein Conor Cunningham - Melius Research Sheila Kahyaoglu - Jefferies Jamie Baker - J.P. Morgan Stephen Trent - Citi Helane Becker - TD Cowen Duane Pfennigwerth - Evercore ISI Unidentified Analyst - Su ...

Thursday, April 25th, 2024Pre-market futures are plummeting at this hour. We began the early trading session down anyway, based on earnings disappointments from Meta (META) and IBM (IBM) after yesterday’s close. This morning, Dow component Caterpillar (CAT) is down more than -6% on its Q1 revenue miss. Beyond Q1 earnings results, we also have lots of economic data, much of which came up short of expectations.The first print on Q1 Gross Domestic Production (GDP) came in well below estimates. Headline +1.6% m ...