American, Southwest canceled 13000 canceled flights for September natural disasters

American Airlines reported higher sales but lower third-quarter profits Thursday due to increased costs and the hit from USA hurricanes that forced more than 8,000 flight cancellations.

An American Airlines Boeing 757 aircraft takes off at the Charles de Gaulle airport in Roissy, France, August 9, 2016.

Southwest's operating revenue, hurt by cancellations of 5,000 flights due to the recent hurricanes and earthquakes, rose 2.6 percent to $5.27 billion, but missed analysts' estimates of $5.31 billion, according to Thomson Reuters I/B/E/S. Southwest said the same figure would rise by up to 1.5 percent in the fourth quarter, a hint of higher fares to come.

The airline expects costs, excluding fuel and other expenses, to be flat to up 1.5 percent in the current quarter.

The fourth-largest USA airline by passenger traffic said net income rose to $503 million, or 84 cents per share, in the third quarter ended September 30, from $388 million, or 62 cents per share, a year earlier.

The airline predicted Thursday that a measure of pricing power will be stronger in the fourth quarter than it was in the third, in line with forecasts from rivals.

Hurricanes Harvey, Irma and Maria forced American Airlines to cancel more than 8,000 flights and reduced pre-tax earnings $75 million in the third quarter, the carrier announced Thursday.

"Despite the significant operational challenges posed by three hurricanes, our team delivered solid financial results", Chief Executive Officer Doug Parker said in a statement. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share. Also operating unit revenues (revenue per available seat mile, or RASM) decreased 0.5%.

Like this


26 October 2017
Restaurant Brands International Inc. (NASDAQ:QSR) Expected To Report Earnings On Thursday
In an analyst report shared with investors on 23 October, RBC Capital Markets reaffirmed their Outperform rating on shares of QSR. Following the transaction, the executive vice president now owns 73,618 shares of the company's stock, valued at $4,712,288.18.

26 October 2017
Sensex climbs 33k-points level, PSB stocks zoom
European counters DAX and FTSE were trading higher by 0.27 per cent and 0.38 per cent, respectively, in the late morning trade. On the other hand, BSE Telecom and Consumer Durables index slipped 1.67 per cent and 0.69 per cent, respectively.

26 October 2017
Squad named; no Walters but O'Neill hopeful
Striker Jonathan Walters could yet have a part to play in the Republic of Ireland's World Cup play-off against Denmark.

26 October 2017
Fisher-Price recalls thousands of infant motion seats due to fire hazard
Consumer Product Safety Commission and Fisher-Price issued a voluntary recall of the Fisher-Price Soothing Motions Seat". Due to several claims and cases regarding overheating and fires, Fisher-Price is now recalling one of its popular items.

26 October 2017
Not At Home? Amazon Wants To Come In And Drop Off Packages
And the alternative, in many cases, is risking the possibility of someone stealing a package from your doorstep. The camera then streams video to the customer who remotely can watch the in-home delivery take place.

26 October 2017
Twitter cuts ads from Russia Today and Sputnik-owned accounts
RT also published a rebuttal titled, "Revealed: How Twitter pushed RT to spend big on 2016 United States election". Twitter said it had earned $1.9 million in advertising revenue from Russia Today since 2011.

26 October 2017
Brother of Las Vegas shooter arrested for child porn possession
Another brother, Eric Paddock , spoke to media following the shooting but Bruce Paddock did not. Stephen Paddock opened fire from the 32nd floor of the Mandalay Bay casino-hotel tower.

26 October 2017
'Bad Boys' Spinoff TV Series Starring Gabrielle Union is Reportedly Coming Soon
The project's producers are Bruckheimer, Gaspin, Jonathan Littman, KristieAnne Reed and Union manger, Jeff Morron. Syd Burnett works as an undercover operative with with the Drug Enforcement Administration (DEA).

26 October 2017
Sharma formally appointed interlocutor
He will decide whom he wants to hold talks with, Singh said when asked whether he would have dialogue with the Hurriyat Conference.

26 October 2017
Coca-Cola profit rise 38 percent, on higher Sprite demand
It improved, as 49 investors sold KO shares while 618 reduced holdings. 123 funds opened positions while 504 raised stakes. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02.