American Airlines

American Airlines Profits Climb Despite Boeing 737 Max Woes

American Airlines Profits Climb Despite Boeing 737 Max Woes

American Airlines announced financial results on Thursday for the fourth quarter of 2019 and the calendar year
The world’s largest airline reported net income of $414 million for the final three months of 2019, a year-over-year increase of over 27%. Revenue rose 3.4% to $11.31 billion.
Like competitors United and Southwest airlines, American is grappling with the fallout from the 11-month grounding of the beleaguered Boeing 737 Max aircraft. The airline said …

Boeing Delays Relaunch of 737 Max Aircraft

Boeing Delays Relaunch of 737 Max Aircraft

Boeing said Tuesday it would further delay the return of the beleaguered 737 Max aircraft to the skies, indicating it would be flying midyear at the earliest.
“We are informing our customers and suppliers that we are currently estimating that the ungrounding of the 737 MAX will begin during mid-2020,” the airline said in a statement.
The new estimate takes into account “our experience to date with the certification process,” the company …

Southwest, World’s Largest Operator of 737 Max, Delays Return of Aircraft to Early June

Southwest, World’s Largest Operator of 737 Max, Delays Return of Aircraft to Early June

Southwest Airlines, one of three U.S. airlines that had to ground its Boeing 737 Max fleet, announced that it has delayed its plans to restart flights of the aircraft until early June, as the worldwide grounding of the beleaguered aircraft approaches the 11-month mark.
Regulators grounded the jet in the aftermath of two fatal hull losses, an Ethiopian Airlines flight in March and last year’s Lion Air crash.
Southwest, the world’s largest …

Royal Air Maroc to Join Oneworld Airline Alliance on April 1

Royal Air Maroc to Join Oneworld Airline Alliance on April 1

Oneworld announced that Royal Air Maroc, the flag carrier of Morocco, would officially join the alliance on April 1, 2020.
“Africa… has one of the fastest predicted air travel growth rates over the next few decades,” said Alan Joyce, the chairman of the alliance’s governing board and the CEO of Qantas, at a press conference in December 2018 announcing the airline’s membership. “We’re pleased to welcome Royal Air Maroc to oneworld,” …

American Airlines Adds Chief Inclusion and Diversity Officer to Executive Ranks

American Airlines Adds Chief Inclusion and Diversity Officer to Executive Ranks

American Airlines announced the creation of a new role, chief inclusion and diversity officer, and named Kenneth Charles, a former bank executive, to the position.
Mr. Charles served as senior vice president of enterprise talent at U.S. Bank prior to joining the airline and, prior to that, was vice president for global inclusion and chief diversity officer at General Mills.
“We are committed to building on our diverse and inclusive culture to …

American Airlines Reaches Deal with Boeing over 737 Max Grounding

American Airlines Reaches Deal with Boeing over 737 Max Grounding

American Airlines said it reached a confidential settlement with Boeing over financial damages stemming from the grounding of the 737 Max, adding that it plans to share $30 million of the proceeds with employees.
The removal of the Boeing 737 Max from American’s fleet has ost the airline at least $540 million in pretax income.  The settlement will be paid out by Boeing over several years although American will include the …

American Airlines and British Airways Start Construction on Expanded Terminal at JFK

American Airlines and British Airways Start Construction on Expanded Terminal at JFK

Eleven months after American Airlines, British Airways, and the Port Authority of New York and New Jersey announced a $344 million plan to expand Terminal 8 at John F. Kennedy International Airport, which is operated by American, and relocate BA to Terminal 8 from Terminal 7, its current home, the two airlines announced the start of construction on the project.
The airlines, which have a joint-venture agreement for transatlantic flights, offer …