United Airlines, Delta, and American Airlines brace for record Thanksgiving travel as passenger demand surges post-shutdown.
UAL and other major carriers brace for record Thanksgiving travel as demand rebounds and airlines add capacity to meet swelling passenger volumes.
American Airlines Flight 2118 was diverted to Houston, Texas, after the crew "reported fumes in the flight deck and cabin," according to the FAA.
Broker-adored picks like PARR, BTSG, GT, AAL and ALGT emerge from a rigorous screen as market volatility challenges investors.
CNBC's Phil LeBeau joins 'Closing Bell Overtime' with the latest on the air traffic pullbacks.
Jefferies analysts on Tuesday weighed in on the upcoming merger between Teck Resources Ltd (USA) (TSX:TCK) and Anglo American PLC (LSE:AAL), suggesting that a new suitor may emerge after Teck disclosed that it had on-and-off discussions with a “Party X” from May 2023 to May 2025. In a note to clients, the analysts pointed to Freeport-McMoRan or Rio Tinto Group as being the likely Party X but wrote that competing offers would likely need to be made before Thanksgiving.
The COO of American Airlines called flight cancellations "unacceptable" in a letter to employees. American Airlines saw 1,400 canceled flights over the past weekend and 250,000 affected customers.
The longest government shutdown in history could soon come to an end , but the airline sector is still suffering its impact, with many flights delayed or canceled.
Broker-favored stocks like Par Pacific, General Motors and Dana show strong upgrades and earnings momentum amid market volatility.
For Wall Street, flight cancellations may not be the worst thing.
As the longest federal government shutdown in U.S. history drags on, federal workers are left in financial limbo—and the airline industry is feeling the strain as flight delays and cancellations mount at the nation's busiest airports.
American Airlines faces rising costs and softening revenues, prompting corporate job cuts and a focus on cost rationalization. AAL's Q3 results showed flat revenues, margin improvement, but continued pressure from high labor costs and challenging regional market dynamics. Despite lowering the price target from $18.65 to $16.86 due to debt concerns, AAL still offers 26% upside and maintains a buy rating.