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AAL Nov 2024 11.000 call
- Yahoo Finance Video
Airlines on track for $30 billion in profit in 2024: IATA
Airlines are expected to bring in $996 billion in revenue in 2024, according to the International Air Transport Association. However, profit margins remain thin, as year-end profits are expected to be $30 billion. Yahoo Finance's Seana Smith and Brad Smith break down the latest report and what it signals for the airline industry. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
- Reuters
American Airlines would consider new JetBlue venture if it wins appeal
American Airlines told an appeals court Monday would consider a new arrangement with JetBlue Airways if it wins a ruling reversing a May 2023 decision requiring it to end an alliance. U.S. District Judge Leo Sorokin ruled in the airlines' "Northeast Alliance" (NEA) that allowed the two carriers to coordinate flights and pool revenue violated antitrust law.
- Barrons.com
Second-Largest U.S. Pension Bought Temu Parent PDD Stock, Sold American Airlines
California State Teachers’ Retirement System bought more shares of PDD Holdings, Discover Financial, and Williams-Sonoma, and sold American Airlines stock.
