![]() ![]() ![]() ![]() (Photo by Justin Sullivan/Getty Images) Justin Sullivan/Getty Images United Airlines, the airport's largest carrier with the most daily flights with 290 flights per day before the start of the COVID-19 pandemic, has reduced their daily flights to 50 per day. San Francisco International Airport has a seen a huge decline in daily flights since the coronavirus shelter in place. CNN Sans ™ & © 2016 Cable News Network.A pilot walks by United Airlines planes as they sit parked at gates at San Francisco International Airport on Apin San Francisco, California. Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account Shares of Southwest and American were both slightly higher in pre-market trading Thursday. Still the airlines are reporting that bookings during the holiday travel season, one of the busiest times of the year, remain strong. But the surge also caused many businesses to delay those office reopenings, which put a large-scale rebound in business travel on hold. The airlines had also been counting on a rebound in more lucrative business travel after Labor Day, when many businesses were expected to reopen their offices. The third quarter included a summer travel period which started out strong for most airlines before the Covid surge caused people to cut back on travel. Revenue at American nearly reached $9 billion, up 183% from a year ago, but it was still down 25% from where it was in the third quarter of 2019, before the start of the pandemic. With airline staff at a breaking point, passengers can expect more headaches to come Joe Cavaretta/South Florida Sun-Sentinel/AP The Dallas-based airline canceled hundreds of flights Monday following a weekend of major service disruptions. Passengers wait in line at the Southwest Airlines ticket counter at Fort Lauderdale Hollywood International Airport, Monday, Oct. American also reported net income of $169 million, with the help of $992 million in federal assistance. ![]() Like Southwest, that was a bit less than analysts had forecast. (AAL) reported it lost $641 million in the quarter, excluding special items. “We are aggressively hiring to a goal of approximately 5,000 new employees by the end of this year, and we are currently more than halfway toward that goal.” “We have reined in our capacity plans to adjust to the current staffing environment, and our ontime performance has improved, accordingly,” said CEO Gary Kelly. It has admitted it was having service problems caused by short staffing even before the thousands of canceled flights stranded hundreds of thousands of passengers, angering many of them. (LUV) blamed the service meltdown in early October on a combination of bad weather in Florida, a brief problem with air traffic control in the area and a lack of available staff to adjust to those problems. Including the $763 million it received from the most recent round of federal assistance, the company posted net income of $446 million in the quarter. That was a bit smaller than forecast by analysts. The company reported a third-quarter loss, excluding special items, of $135 million. Overall the airline reported that third-quarter revenue reached $4.7 billion, up 161% from a year ago but down 17% compared with third quarter of 2019 ahead of the pandemic. Still, that’s an improvement from the revenue hit in the third quarter, when the airline believes it lost $100 million in sales in August alone and $200 million in September because of reduced flying caused by the Covid surge. About $40 million of that hit is expected to come in October. Southwest warned Thursday that it believes revenue will take a $100 million hit this quarter from the lingering effects of the Covid surge caused by the Delta variant – even though bookings have improved recently, especially during the upcoming holiday travel period. That’s just one of the headwinds facing the discount airline. Southwest Airlines says that its recent service problems, which prompted it to cancel more than 2,000 flights over a four-day period, cost the airline $75 million. ![]()
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