Air Canada - Operating revenues for the quarter were $5.77 billion, a decrease of approximately 5% from $6.1 billion in the same quarter last year [1] - The results included a three-day work stoppage by over 10,000 flight attendants in August, leading to more than 3,000 flight cancellations [1] - CEO Michael Rousseau stated that the results met the company's revised estimates, which were adjusted due to the labor disruption during peak summer season, with the estimated cost of the strike at $375 million [2] Fortis Inc. - Fortis reported a third-quarter profit of $409 million, down from $420 million a year ago, with earnings of 81 cents per share compared to 85 cents per share in the same quarter last year [4][7] - Revenue for the quarter was $2.94 billion, an increase from $2.77 billion in the same quarter last year [4][7] - Fortis announced a new five-year capital plan for 2026-2030 totaling $28.8 billion, an increase of $2.8 billion compared to the previous plan [5] Thomson Reuters Corp. - Thomson Reuters reported a profit of US$423 million for the quarter, up from US$301 million a year earlier, with profit per diluted share increasing to 94 cents from 67 cents [9][12] - Revenue rose to US$1.78 billion, up from US$1.72 billion in the same period last year [10][12] - The company acquired Additive AI Inc., a specialist in AI-powered tax document processing, and sold its remaining minority interest in the Elite business [11] Suncor Energy Inc. - Suncor reported a decline in third-quarter profits to $1.62 billion, down from $2.02 billion a year earlier, with profit per share decreasing to $1.34 from $1.59 [14][18] - Operating revenues net of royalties were $6.17 billion, down from $6.32 billion in the same quarter last year [15][18] - Total upstream production reached 870,000 barrels of oil equivalent per day, an increase from 828,600 boe/d, while refinery throughput also hit a record of 491,700 barrels per day [15][16] Cameco - Cameco raised its annual dividend to 24 cents per share from 16 cents, despite reporting a small net loss of $158,000 for the quarter, compared to a profit of $7.4 million a year earlier [21] - Revenue for the quarter was $614.6 million, down from $720.6 million [21]

As the government shutdown continues, the FAA has ordered a 10% reduction of flights across 40 major US airports. It'll likely be a chaotic time for travelers, experts say. So, here's what you need to know to protect your travel plans.I'm Sharon Eper, CNBC's senior personal finance correspondent and the author of the Money 101 newsletter. If you're traveling during the shutdown, download the airlines mobile app and enable notifications so you can stay on top of cancellations and schedule changes. Airlines h ...

Core Insights - The FAA's decision to reduce flight capacity at 40 major U.S. airports will lead to a 4% reduction initially, increasing to 10% by mid-November, primarily due to safety concerns amid a government shutdown affecting air traffic controllers [1][6] - Major airline stocks, including United Airlines, Delta Air Lines, and American Airlines, experienced declines following the announcement [1] - The cuts are expected to reduce revenues for jet operators and impact profitability, affecting other aviation-related companies such as aircraft parts manufacturers and shipping companies [2][4] Industry Impact - The commercial aviation industry has been recovering from significant losses during the COVID-19 pandemic, with revenues surpassing pre-pandemic levels in 2024 and into 2025 due to increased air travel demand and consumer confidence [5][6] - The IATA projected airline revenues to reach a historic high of $979 billion in 2025, reflecting a 1.3% increase from 2024, but this outlook may be jeopardized by the FAA's flight cuts affecting 3,500 to 4,000 flights daily [6][8] - Challenges such as supply-chain disruptions, rising leasing costs, and geopolitical uncertainties have been affecting the industry since early 2025, potentially hindering revenue generation [7][8] Long-Term Outlook - Despite short-term setbacks from the FAA's decision, the long-term demand for air travel and related services is expected to grow, driven by an expanding global middle class and increased affordability [10] - Airline ETFs may present attractive investment opportunities as the current price dip could be seen as a buying opportunity ahead of a potential recovery [11][12] ETF Analysis - U.S. Global Jets ETF (JETS) focuses on domestic passenger airlines, with top holdings including American Airlines, Southwest Airlines, and Delta Air Lines, gaining 33.2% in 2024 but losing 2.6% year to date [13] - MAX Airlines 3X Leveraged ETNs (JETU) provides exposure to U.S.-listed airline-related companies, gaining 38% in 2024 but down 20.4% year to date [14] - MAX Airlines -3X Inverse Leveraged ETNs (JETD) also targets airline-related companies, with a significant gain of 51.7% in 2024 but a sharp decline of 44% year to date [15]

CNBC's Phil LeBeau joins 'Squawk on the Street' from American Airlines operations center. ...

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How are things playing out this morning. Well, we are seeing droves of people coming in on this Friday morning, but this is not uncommon. At least that's according to the people on the ground that we've been speaking with this morning so far.But there are about more than 40 cancellations here at EWR Airport. But it is important to note, as we look more nationally, this is the 72nd worst day in terms of flight cancellations since January 2024. So the size and scope isn't necessarily catastrophic.A lot of ana ...

Operational Impact of Government Shutdown - The airline is experiencing flight cancellations due to the government shutdown, impacting travel schedules [1] - Initially, 220 flights were canceled out of 6,200, representing approximately 35% of total flights [1] - The airline is focusing cancellations on smaller aircraft and reducing flight frequencies on certain routes [2] - The level of cancellations is expected to increase over time, potentially causing further disruptions [3] Customer Impact and Mitigation - Approximately 10,000 passengers may need to reschedule their travel plans due to the cancellations [3] - The airline is proactively informing customers about travel disruptions well in advance of their airport arrival [4] - The cancellations affect a small portion of the airline's 650,000 daily customers [5] - The airline is committed to ensuring customers are taken care of despite the disruptions [5] Safety and Commendation - Safety remains the top priority for the airline [5] - The airline commends air traffic controllers and TSA agents for their work [5] - Administrator Bedford is acknowledged for addressing the situation proactively [5]

Flight Disruptions & Passenger Impact - A plastic surgeon's international flight from EWR to Barbados was canceled and rescheduled, causing her to miss the flight [1] - Travelers are attributing flight cancellations to the government shutdown [2] - Despite the shutdown, international flights should not be impacted, yet cancellations persist at EWR airport [2] TSA & Workforce - Reports suggest reduced TSA lines at airports, potentially down to one or two lines [3] - Anecdotal evidence from TSA agents at Newark terminal indicates no significant difference in TSA worker attendance [3][4] - TSA workers and air traffic controllers have not been paid since October 1st [4] - TSA workers have experienced government shutdowns before and anticipate a resolution [6][7] - Many TSA workers are still reporting to work despite not receiving paychecks for five weeks [6]

Operational Impact - Government shutdown is causing chaos at airports across the country [1] - Major airlines are cancelling hundreds of flights across 40 airports [1] - FAA implemented a 4% cut in flights to ease burden on air traffic controllers [2] - FAA plans to increase mandated flight reductions to 6% on Tuesday and 10% by next Friday [2] Safety Concerns - FAA states safety is their main concern regarding flight reductions [2] Government Impact - Government shutdown is impacting people's lives [2] - Air traffic controllers are working without pay for 38 days [2]

Core Viewpoint - The airline industry, particularly American Airlines, is facing significant operational challenges due to government shutdowns, leading to flight cancellations and increased complexity in managing operations [2][4][8]. Flight Cancellations - American Airlines has canceled approximately 221 flights out of 6,200 scheduled for the day, which represents about 3% of total flights [3][14]. - The cancellations primarily affect smaller aircraft and involve reducing flight frequencies on certain routes, such as Miami to Orlando and DFW to Corpus Christi [4][15]. Customer Impact - The cancellations may disrupt travel plans for around 10,000 passengers, but the airline is proactively communicating with customers to minimize inconvenience [5][6]. - Despite the cancellations, the airline maintains that only a small portion of the 650,000 daily customers will be affected [6]. Operational Challenges - The complexity of managing flight cancellations includes the need to reroute crews and maintain aircraft, which complicates operations significantly [9][10]. - As cancellations increase, the operational strain on the airline industry will grow, making it more challenging to manage resources effectively [8][14]. Industry Context - The airline industry is under pressure as it approaches the busy holiday travel season, with concerns about the impact on bookings and overall travel plans [11][12]. - The industry emphasizes the importance of government operations for the health of aviation and the economy, noting that one in every 11 jobs is related to travel and tourism [13]. Political Stance - American Airlines asserts that it remains neutral in political matters, advocating solely for the reopening of the government to alleviate the operational challenges faced by the airline industry [18][19].