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These 3 Top Ranked Companies Broke Quarterly Records
ZACKS· 2025-02-05 17:30
It’s been a busy earnings season so far, with the reporting docket remaining stacked with notable companies in the coming weeks.So far, it’s been a record-breaking period for several companies, a list that includes Badger Meter (BMI) , American Airlines (AAL) , and Meta Platforms (META) , all of which broke company records in respective metrics.Let’s take a closer look at each.Meta Reports Record Sales & Profit Meta Platforms posted adjusted EPS of $8.02 and record sales of $48.4 billion, reflecting growth ...
All 67 victims in D.C. plane collision recovered, officials say
CNBC· 2025-02-04 20:36
Family members visit the crash site on the banks of the Potomac River, where American Airlines flight 5342 collided with a US Army military helicopter, at Ronald Reagan Washington National Airport in Arlington, Virginia, on February 2, 2025.All 67 victims in last week's deadly collision of an American Airlines regional jet with an Army Black Hawk helicopter have been recovered, officials said Tuesday.Rescue responders had been working over the past several days to remove wreckage from the plane, a CRJ-700, ...
Deadly American Airlines-helicopter collision highlights concerns with crowded U.S. airspace
CNBC· 2025-01-30 16:41
Emergency response units search the crash site of the American Airlines plane on the Potomac River after the plane crashed on approach to Reagan National Airport on January 30, 2025 in Arlington, Virginia.Just before 9 p.m. ET on Wednesday, an American Airlines regional jetliner collided with a military helicopter near Washington D.C.'s Reagan National Airport. There were no survivors on either the Bombardier CRJ700 regional jet that carried 60 passengers and four crew members or on the Army Black Hawk heli ...
American Airlines CEO says it's not clear why helicopter came into jetliner's flight path
CNBC· 2025-01-30 15:11
CEO of the American Airlines Robert Isom addresses the media, after American Eagle flight 5342 collided with a Black Hawk helicopter while approaching Ronald Reagan Washington National Airport and crashed into Potomac River, in Washington, U.S. January 30, 2025.American Airlines CEO Robert Isom said Thursday morning that the regional jet that collided with a Black Hawk military helicopter in Washington, D.C., on Wednesday night was on a standard flight path.The collision between American Eagle Flight 5342 a ...
American Airlines regional flight crashes with army helicopter in Washington
Proactiveinvestors NA· 2025-01-30 09:18
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
American Airlines collision with Army helicopter is worst U.S. air disaster in years
CNBC· 2025-01-30 08:34
A screen grab captured from a video shows a regional plane collided in midair with a military helicopter and crashed into the Potomac River in Washington, D.C. United States on Jan. 29, 2025.The midair collision of a military helicopter and an American Airlines regional jetliner on Wednesday night brings to an end a streak of commercial air travel safety that was unknown to previous generations.It is the worst air disaster on U.S. soil in more than 15 years.American Eagle Flight 5342 from Wichita, Kansas wa ...
American Airlines subsidiary plane crashes near Washington DC
Business Insider· 2025-01-30 03:21
PSA Airlines flight 5342 collided midair with a helicopter near Reagan National Airport and crashed.PSA Airlines is a subsidiary of American Airlines.The airport issued a ground stop following the accident; details on casualties are unknown.The Federal Aviation Administration confirmed on Wednesday that PSA Airlines flight 5342 collided midair with a helicopter during its final approach into Washington D.C.'s Reagan Washington National Airport. PSA is an American Airlines wholly-owned subsidiary and operate ...
American Airlines regional jet collides midair with helicopter, FAA says
CNBC· 2025-01-30 02:43
Incident Overview - A midair collision occurred between an American Airlines regional jet (PSA Airlines Bombardier CRJ700) and a Sikorsky H-60 helicopter near Ronald Reagan Washington National Airport [1][2] - The collision happened while the passenger jet was on approach to Runway 33 at the airport [1] - Flight 5342 was arriving from Wichita, Kansas [1] Emergency Response and Impact - At least one aircraft was confirmed to be in the Potomac River [3] - A large presence of emergency responders was observed at the scene [3] - Reagan Washington National Airport was closed following the incident [3] Company and Aircraft Details - American Airlines acknowledged the incident and stated it would provide updates as information became available [3] - The CRJ-700 aircraft involved in the incident has a seating capacity of 65 passengers [3] Investigation - The Federal Aviation Administration (FAA) is investigating the midair collision [2] - The National Transportation Safety Board (NTSB) will lead the investigation into the incident [3]
American Airlines' 2025 Forecast Promising Despite Q1 Challenges, Say Analysts
Benzinga· 2025-01-24 18:38
American Airlines Group Inc AAL reported its fourth-quarter FY24 earnings along with a weak guidance. The following are the comments of the analysts regarding the same.Raymond James analyst Savanthi Syth reiterated an Outperform rating on the shares and lowered the price forecast from $24 to $23.This miss in the company’s first-quarter FY25 guidance was mainly due to the recent surge in fuel prices and the timing of year-over-year CASM-ex pressure, which is more concentrated in the first quarter due to the ...
American Airlines CEO Didn't Take The Bait From United
Forbes· 2025-01-24 16:23
Earnings Performance - American Airlines beat earnings estimates but projected a loss of 20 to 40 cents per share in the current quarter, compared to the expected four cents loss [2] - The company's shares fell 9%, reducing its year-to-date share price gain to near zero, while Delta shares were up 14% and United shares were up 8% [2] - In the fourth quarter, American reported a 5.9% adjusted pre-tax margin, compared to United's 9.7% and Delta's 10.8% [8] - For the full year, American's adjusted pre-tax margin was 3.4%, while United reported 8.1% and Delta reported 9.1% [8] Market Share and Operational Challenges - Analysts focused on American's efforts to recoup corporate market share lost in a failed 2024 effort to reduce distribution costs [3] - CEO Robert Isom highlighted improvements in key hubs like Charlotte, Dallas, Miami, and DCA, but acknowledged challenges in New York, Los Angeles, Philadelphia, and Chicago [6][7] - The company plans to boost regional flying to strengthen weaker points in its network, including partnerships with Alaska Airlines at LAX [6][7] Profit Sharing and Employee Compensation - American Airlines will pay out 1.5% of each pilot's 2024 earnings in profit sharing, compared to Delta's $1.4 billion (10% of eligible earnings) and United's $713 million [9][10] - Allied Pilots Association President Nick Silva criticized the disparity, noting that American's total income of $1.37 billion is less than Delta's profit-sharing payout [10] - Silva emphasized that American's pilots perform the same essential service for the same rates of pay as their peers at Delta and United, but their total compensation trails due to the company's lagging financial performance [11] Competitive Landscape - United CEO Scott Kirby declared United as the best airline in the history of aviation and criticized carriers that "chase load factor," indirectly targeting American [4] - Kirby noted that all seven United hubs are profitable, contrasting with American's lagging hubs [4] - The rivalry between American and United is further highlighted by the history between Kirby and Isom, with Kirby having been asked to leave American in 2016 due to executive tensions [5] Analyst Reactions - Analysts questioned the 9% sell-off of American's shares, with Deutsche Bank's Michael Linenberg calling it an attractive opportunity to own AAL [7] - Barclays analyst Brandon Oglenski noted that the negative market reaction likely reflects concerns about higher-than-expected cost inflation but sees a brighter outlook [7] - The potential for an improved credit card deal, restoration of lost corporate business, and increased regional flying could help American catch up to its peers [7]