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November 29, 2020

Airlines

U.S. finalizes new rules sought by airlines on consumer protections

Reuters
WASHINGTON (Reuters) – The U.S. Transportation Department on Friday said it would add new procedural hurdles before the government could bar most additional unfair or deceptive practices by airlines, in a move sought by the carriers. FILE PHOTO: Travelers sit in a lounge area as Delta Air Lines plane park......

Pilot shortage prompts rare flight cancellations at Delta over Thanksgiving break

CNBC
CNBC – For more and to sign up click here Passengers check bags for a Delta Air Lines, Inc. flight during the Covid-19 pandemic at Los Angeles International Airport (LAX) in Los Angeles, California, November 18, 2020. Patrick Fallon | AFP | Getty Images Delta Air Lines has canceled hundreds......

Exclusive: Aviation bodies seek airport slots waiver for much of 2021

Reuters
PARIS (Reuters) – Global aviation heavyweights led by airline body IATA are pushing to suspend airport slot access rules until October 2021, a document seen by Reuters showed, while giving some ground to budget carriers angered by measures they deem anti-competitive. FILE PHOTO: Social distancing sign is displayed at a......

Delta pilots approve cost-cutting measures to avoid furloughs until 2022

CNBC
CNBC – For more and to sign up click here A pilot talks on a mobile device near a Delta Air Lines gate at the Salt Lake City International Airport. George Frey | Bloomberg | Getty Images Delta Air Lines pilots voted in favor of pay cuts that would avoid......

Reduced to meeting online, airlines vow to keep fighting

Reuters
PARIS (Reuters) – For an industry that prides itself on bringing people together, it was a particular humiliation for airlines to have to resort to video conferencing for their annual industry meeting this week – and not one they are ready to repeat. FILE PHOTO: The International Air Transport Association......

Former IAG boss Walsh named to head airline body IATA

Reuters
FILE PHOTO: Willie Walsh Chief Executive of International Airlines Group (IAG) attends the Europe Aviation Summit in Brussels, Belgium March 3, 2020. REUTERS/Johanna Geron PARIS (Reuters) – Former IAG boss Willie Walsh will be nominated to succeed IATA Director General Alexandre de Juniac, who is stepping down in March, the......

Hopes for a coronavirus vaccine are creating market winners — and losers

CNBC
CNBC – For more and to sign up click here Promising developments on the vaccine front have sparked optimism that the pandemic’s end may be in sight. But if the market trends that immediately followed positive vaccine news are any indication, some sectors will benefit a lot more than others.......

Hong Kong looks to mainland China for the next air travel bubble

CNBC
CNBC – For more and to sign up click here SINGAPORE — Hong Kong is hopeful its next “air travel bubble” could be with mainland China, the executive director of the city’s tourism board has said. Dane Cheng told CNBC such plans would hinge on the success of the forthcoming......

U.S. airlines warn of weakening demand ahead of holiday travel

Detriot News
Detroit News – For more and to sign up click here The holiday travel rebound U.S. airlines were anticipating is starting to wobble. Surging coronavirus cases have caused a “weakening” in bookings, American Airlines Group Inc. President Robert Isom said Thursday at a Skift conference. Earlier in the day, United......

Airline bookings drop ahead of Thanksgiving as coronavirus infections spike

CNBC
CNBC – For more and to sign up click here During the global coronavirus pandemic Ana Ramos, right, is being tested for covid19 in Tom Bradley international at LAX on Tuesday, Nov. 17, 2020 in Los Angeles, CA. Francine Orr | Los Angeles Times | Getty Images Airline executives warned......

Boeing 737 Max can fly again: The key level to watch in the stock, according to one trader

CNBC
CNBC – For more and to sign up click here Boeing shares are struggling to take off. The stock fell Wednesday after the Federal Aviation Administration declared Boeing’s 737 Max planes once again safe to fly, a key development in a two-year saga that stemmed from two deadly crashes in......

A door may be cracking open for Americans to travel to Europe again

CNBC
CNBC – For more and to sign up click here Two new Covid-19 testing programs may be the key to unlocking travel between the United States and Europe. Select passengers flying on American Airlines, British Airways and United Airlines flights are eligible to participate in testing programs that are evaluating......

More than 400 Southwest mechanics get furlough warnings as cost-cutting talks falter

CNBC
CNBC – For more and to sign up click here A bird flies by in the foreground as a Southwest Airlines jet comes in for a landing at McCarran International Airport on May 25, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images More than 400 Southwest Airlines mechanics......

Dow Jones could hit the 40,000-point level next year, analyst says

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2019 in New York City. Spencer Platt | Getty Images News | Getty Images The U.S. Dow Jones Industrial Average stock index has the potential......

Southwest Airlines could rally more than 50% once a vaccine is available, trader says

CNBC
CNBC – For more and to sign up click here Jefferies is getting bullish on one name in the airline space. The firm initiated coverage of Southwest on Tuesday with a buy rating, in a split call that named Delta and United as holds and American as a sell. Analysts......

American Airlines and British Airways are latest to offer preflight Covid tests to passengers

CNBC
CNBC – For more and to sign up click here Travelers wear face masks as a preventive measure at Schiphol airport. Robin Utrecht | LightRocket | Getty Images American Airlines, British Airways and Oneworld, their alliance partner, later this month will offer Covid-19 testing for some passengers, the airlines announced......

Boeing’s 737 Max is set to return to the skies as industry reels from the pandemic

CNBC
CNBC – For more and to sign up click here A Boeing 737 MAX airplane is seen parked at a Boeing facility on August 13, 2019 in Renton, Washington. David Ryder | Getty Images The Boeing 737 Max is nearing clearance to fly again after a 20-month ban prompted by......

American slashes London flights in December due to weak demand

CNBC
CNBC – For more and to sign up click here An American Airlines Boeing 777-200 aircraft Nicolas Economou | NurPhoto | Getty Images American Airlines plans to cut much of its service to London next month from major U.S. airports due to weak demand in the pandemic, the carrier said......

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