The Allied Pilots Association says safety problems are increasing at American Airlines. It said incidents include tools left in wheel wells and increased collisions between towed planes.
Airline stocks are up today as a strong earnings report from United Airlines (NASDAQ: UAL ) is lifting up companies in the sector on Wednesday. The earnings report starts off well with United Airlines reporting an adjusted loss of 15 cents per share.
DALLAS — The pilots union at American Airlines says there has been “a significant spike” in safety issues at the airline, including fewer routine aircraft inspections and shorter test flights on planes returning from major maintenance work.
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Airlines are gearing up for another strong summer of travel as pent-up pandemic demand and savings continue to drive bookings even in the face of big challenges.
The Federal Reserve has signaled that it could implement up to three rate cuts this year, and the first one may come sooner than you think – possibly before the election in an attempt to give the economy a boost. In fact, if the government decides it needs to cut rates aggressively, we could even see all three cuts happen before the election.
American Airlines Group Inc. stock remains below $15 despite positive projections and expected profits. Q1 is always seasonally tough for airlines due to lower travel and restrictive weather, while higher fuel costs hits profits over the short term. American Airlines Group stock only trades at 6x '24 EPS based on fears the airline doesn't hit targets.
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