Trends - US airlines - Business Recorder

US airlines

US airlines ready for busier holiday travel after 2022 meltdown

US airlines say they are prepared for busier end of year holiday travel compared with the same peak period a year...

Published 21 Dec, 2023 10:18am

Business & Finance

American Airlines signals profit hit by rising labour, fuel costs

BENGALURU: American Airlines Group Inc on Wednesday forecast first-quarter profit below market expectations, joining...

Published 17 Apr, 2023 06:41am

World

US to examine Southwest Airlines cancellations, calls ‘unacceptable’

The US Transportation Department (USDOT) said late on Monday it would examine the large number of Southwest Airlines...

Published 27 Dec, 2022 11:21am

World

Cathay Pacific to resume some flights in Russian airspace

HONG KONG: Hong Kong’s Cathay Pacific Airways Ltd will resume using Russian airspace on some flights, the Hong...

Published 31 Oct, 2022 05:55am

Business & Finance

US airlines post profits, but struggle to boost capacity

NEW YORK: Strong travel demand has enabled the biggest US airlines to return to profitability, but efforts to...

Published 22 Jul, 2022 10:56am

Business & Finance

China Southern to buy 96 Airbus A320neo jets, biggest order since COVID

BEIJING/SYDNEY: China Southern Airlines said on Friday it would buy 96 Airbus A320neo jets in the biggest plane...

Published 01 Jul, 2022 04:42pm

World

Flight trouble: Strained US airlines face July 4 test

NEW YORK: US airlines are bracing customers for what will probably be another bumpy holiday weekend as the industry...

Published 01 Jul, 2022 09:35am

Business & Finance

US screened 2.45 million air passengers Friday, highest since early 2020

The US Transportation Security Administration (TSA) screened 2.45 million air passengers on Friday, the highest...

Published 25 Jun, 2022 05:56pm

Business & Finance

US airlines see strong travel recovery after Omicron

NEW YORK: Major US carriers lifted their revenue forecasts Tuesday as a faster-than-expected travel recovery from...

Published 15 Mar, 2022 08:28pm

Business & Finance

US airlines hopeful for post-Omicron 2022 after Q4 losses

NEW YORK: Major US carriers stumbled through another money-losing quarter at the end of the 2021 but remain ...

Published 24 Jan, 2022 06:50am

Technology

AT&T, Verizon agree to delay 5G implementation at some airports

NEW YORK: AT&T and Verizon agreed Tuesday to a partial delay in activating their 5G networks following an outcry...

Published 19 Jan, 2022 09:46am

World

China suspends more US flights, further cutting access

BEIJING/WASHINGTON: China ordered on Wednesday the suspension of six more US flights in coming weeks after a surge ...

Published 12 Jan, 2022 08:21pm

World

Rising Omicron cases disrupt air travel, 800 more flights cancelled

US airlines cancelled about 800 more flights on Monday after nixing thousands of flights during the Christmas ...

Published 27 Dec, 2021 06:33pm

US airlines warn 5G wireless could cause havoc with flights

WASHINGTON: Major US air carriers warned on Wednesday that plans by AT&T and Verizon Communications to use...

Published 16 Dec, 2021 04:00am

Business & Finance

US airlines look for holiday boost after Delta variant interrupts recovery

BOSTON: US airlines are looking at the upcoming holiday season and the reopening of vital trans-Atlantic route to...

Published 11 Oct, 2021 04:32am

Business & Finance

US airlines warn of drag from latest Covid-19 wave

NEW YORK: Several leading US airlines on Thursday cut their forecasts for the third quarter, citing lower bookings...

Published 13 Sep, 2021 05:46am

Major banks, airlines hit in global online outage

SYDNEY: Major banks and airlines were among businesses hit by a fresh global online outage Thursday, with the ...

Published 18 Jun, 2021 04:16am

Business & Finance

Boeing production issue prompts airlines to pull some 737 MAX jets from service

The 737 MAX returned to service in November after a 20-month safety ban triggered by two fatal crashes that killed 346 people. The plane has continued to face careful scrutiny since it resumed flights.
Southwest Airlines removed 30 MAX airplanes from its schedule Friday, while American Airlines removed 17 of its 41 MAX airplanes and United Airlines removed 16 of its 30 MAX airplanes.

Published 09 Apr, 2021 06:43pm

Business & Finance

US airlines see recovery signs, United expects to end cash burn in March

"I do think we're near the end of the virtual world," United Chief Executive Scott Kirby said at a J.P. Morgan conference.
Shares of United surged 7.1% to $60.30 in early trading on the New York Stock Exchange.

Updated 15 Mar, 2021 09:24pm

Business & Finance

US airlines see 'glimmers of hope' as bookings improve

Earlier, Southwest Airlines and JetBlue Airways also pointed to a steady rise in leisure bookings as signs of a slowing pandemic due to vaccine rollouts drive more people to go on vacations or visit their friends and relatives.

Published 15 Mar, 2021 05:36pm

Business & Finance

Southwest forecasts slower cash burn as February ticket sales improve

The US vaccine roll-out has been patchy and many European countries are discouraging travel and implementing more travel curbs to contain the spread of new infections.
Despite strong cost-cutting efforts in place, airlines continue to burn millions of dollars of cash every day.

Published 16 Feb, 2021 06:27pm

World

White House meets with airline CEOs on COVID-19 travel issues

We had a very positive, constructive conversation focused on our shared commitment to science-based policies as we work together to end the pandemic.
Restore air travel and lead our nation toward recovery.

Published 12 Feb, 2021 09:20pm

World

US House committee approves another $14bn for pandemic-hit airlines

Budget carriers Spirit Airlines, Allegiant Travel and Frontier Airlines, however, have said in recent weeks that they intend to resume pilot hiring later this year.

Published 12 Feb, 2021 10:46am

Business & Finance

American Airlines CEO tells employees to brace for furlough warnings

"I hate that we're in that position but we are and we can't ignore it so we have to start figuring out what to do about it," he said.

Published 02 Feb, 2021 11:34am

Business & Finance

Delta calls 2021 year of recovery after first loss in 11 years

Reports 2020 loss of $12.4 billion.
Says on track to halt cash burn.
Expects improvement in summer.
Shares up 2.2% in pre-market trade after results.

Published 14 Jan, 2021 07:40pm

Business & Finance

Major US airlines back 'global' COVID-19 testing requirements

Airlines are seeking at least 14 days before new requirements take effect and "consideration of inadequate testing and results availability in specific countries rather than a blanket worldwide requirement is also needed," the letter said.

Published 05 Jan, 2021 10:56am

World

U.S. airlines closing in on new government assistance package

A final deal on the $900 billion relief package could be reached as early as Thursday morning in the United States.
In October, American Airlines furloughed 19,000 employees while United Airlines furloughed more than 13,000 employees.

Published 17 Dec, 2020 06:05pm

Markets

Tokyo stocks open higher on sound business survey

The Dow Jones Industrial Average added 0.2 percent at 30,046.37, while the broad-based S&P 500 declined 0.1 percent and the tech-rich Nasdaq Composite Index shed 0.3 percent.

Published 14 Dec, 2020 08:50am

World

US airlines say vaccine cargo could help restart passenger flights

For the vaccine rollout, airlines said they expect some direct shipper arrangements with the manufacturers themselves, and enough business for any airline with the capacity and infrastructure to handle it.

Published 10 Dec, 2020 08:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 26	278.40
USD PKR Interbank Buying / Jul 26	278.20
USD to Japanese Yen / Jul 26	153.77
USD to Swiss Franc / Jul 26	0.88
Pound Sterling to USD / Jul 26	1.29
Euro to USD / Jul 26	1.09

Stock	Volume
S&P 500 / Jul 25	5,399.22
Nasdaq / Jul 25	17,181.72
Dow Jones / Jul 25	39,935.07
India Sensex / Jul 26	80,709.64
Tokyo Nikkei / Jul 26	37,865.35
Hang Seng / Jul 26	17,058.55
FTSE 100 / Jul 26	8,255.78
Germany DAX 30 / Jul 26	18,346.62

Item	Value
Crude Oil USD/Barrel / Jul 26	78.38
Karachi Cotton PKR/37.32 KG / Jul 26	17,035
Gold 10 Grams PKR / Jul 26	215,621
Gold Spot USD/Ounce / Jul 26	2,374.19
Cotton US¢/pound / Jul 26	68.62
Petrol/Litre / Jul 27	275.60

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 27 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 27 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 27 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 27 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 27 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 27 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 27 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 27 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 27 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 27 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 27 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 27 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 27 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 27 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 27 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 27 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 27 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 27 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Markets →

Calculate your monthly liability in FY24

US airlines

Most Popular