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NAS:AAL, Aug 23, 08:25 UTC

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American To Pay $22M Fine, Settling Falsification Allegations

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You have access to this content through your organization’s enterprise subscription to the Aviation Week Intelligence Network (AWIN). WASHINGTON—American Airlines has agreed to pay $22.1 million to settle allegations that it falsely reported delivery times of mail transported internationally on behalf of the U.S. government. You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "American To Pay $22M Fine, Settling Falsification Allegations". Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

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Wednesday, August 21


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American Airlines Settles $22.1 Million Fine For False Mail Delivery Reports

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American Airlines Settles $22.1 Million Fine For False Mail Delivery Reports. The U.S. Justice Department said American Airlines (NASDAQ:AAL) has agreed to pay a $22.1 million civil penalty to resolve allegations that it falsely reported the times it transferred U.S. mail to foreign postal services. Postal Service (USPS) contracted American to gather containers of mail from six locations around the country, as well as at various Defense and State department facilities abroad, and then deliver them to numerous international and domestic destinations. "The Office of Inspector General supports the Postal Service by aggressively investigating allegations of contractual noncompliance within the mail delivery process, including the falsification of delivery information," said Scott Pierce, special agent in charge for the USPS Office of Inspector General, in a statement.

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Tuesday, August 20


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American Airlines to pay $22.1 million U.S. fine over mail delivery times: Justice Department

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"We expect companies doing business with the government to comply with their contractual obligations,” said Assistant Attorney General Jody Hunt, who heads the department's civil division. "The Department of Justice vigorously pursues all manner of fraudulent conduct that undermines the benefits that the government has bargained for." Postal Service for the international transportation of mail by air. "To obtain payment under the contracts, American Airlines was required to submit electronic scans of the mail receptacles to USPS reporting the time the mail was delivered at the specified destinations. The contracts specified penalties for mail that was delivered late or to the wrong location," the Justice Department said. "The U.S.

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American Airlines Provides Flights to CHOICE Humanitarian, Supporting Efforts to Fight Poverty and Build Community

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WEST JORDAN, Utah, Aug. 20, 2019 /PRNewswire/ -- CHOICE Humanitarian and American Airlines Group are demonstrating their commitment to making a global sustainable impact through a strategic partnership during the 2019 United Nations Conference. Nonprofit organizations from around the world will converge at the annual conference to share ideas and learn and experience best practices for building peaceful and sustainable communities. However, for grassroots nonprofits, finding the budget for staff to travel internationally is nearly impossible. American Airlines recognized the unique opportunity to support CHOICE by providing roundtrip flights for staff members in each country where the nonprofit works, which includes Bolivia, Ecuador, Guatemala, Kenya, Mexico, Nepal, and Peru. American Airlines Regional Director of State and Local Affairs, Joe Hughes, noted, "As an organization that holds sustainability and inclusivity at the core of our identity, we seek to support others who do the same. We are excited by the work CHOICE Humanitarian is doing to support efforts to fight poverty and build communities around the world and are honored to assist in connecting those communities."

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Monday, August 19


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Boeing 737 Max: Airlines sell thousands of flights on grounded plane

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The 737 Max has been grounded around the world since March after two deadly crashes in October 2018 and March 2019, which killed a total of 346 people. According to The Sunday Times, reporting data from UK travel intelligence firm OAG Aviation, around 17,512 flights have been booked with the planes for November, and 15,114 in December. Airlines have been making multiple announcements that push back the expected return dates by a few weeks at the time, and so these dates could change again. Read more:'There was no way that they could've survived': A Boeing 737 Max victim's mom and brother are demanding justice from the FAA. Southwest said that passengers can switch planes for free, and United Airlines said it would offer free re-bookings for passengers who didn't want to fly on the Max planes.

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Thursday, August 15


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American, Southwest Airlines bump more passengers after 737 MAX grounding

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WASHINGTON (Reuters) - American Airlines Group Inc <AAL.O> and Southwest Airlines Co <LUV.N> are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes. The Federal Aviation Administration reported Thursday that American denied seats to 69,924 passengers voluntarily in the first six months of 2019, up from 28,409 in the same period last year, while involuntarily denying boarding to 5,022 passengers, up from 678 in the same period last year. Southwest denied seats to 22,364 people voluntarily through June, compared with 10,364 in the first half of 2018, while it involuntarily denied boarding to 2,525, up from 1,045 in the first six months of 2018. The FAA noted the airlines told the agency "the grounding of the 737 MAX aircraft has negatively impacted their involuntary denied boarding statistics." American, with 24 of the 737 MAX aircraft and dozens more on order, is scheduling without the jets through Nov. 2. Southwest has removed the aircraft from its scheduling through Jan. 5, 2020 and last month said it was ending operations at Newark Liberty International airport. Southwest said in a statement that it does not oversell flights but that "there were times that we had to down gauge a 175-seat MAX to our 143-seat 737-700 or try and accommodate customers on already-full flights."

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Wednesday, August 14


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Why Shares of American Airlines Were Grounded on Wednesday

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The airlines tend to trade in tandem, based on the price of oil and other factors, but American's fall Wednesday was much more severe than the drop in the share price of rivals including Southwest Airlines, Delta Air Lines, and United Airlines Holdings. There were some headlines out today concerning American's ongoing labor issues, but the airline's issues with its mechanics are well-known and likely not responsible for the sell-off. The businesses have so improved that American CEO Doug Parker famously said in 2017, "I don't think we're ever going to lose money again," predicting profits in good times and in bad. That quote is front of mind today as the yield on a 10-year Treasury bond fell below the two-year rate, creating a so-called inverted yield curve that many investors believe is a signal that a recession is imminent. Whether a downturn is around the corner remains to be seen, but investors on Wednesday voted with their feet that American appears to be the major airline most vulnerable in a slowing economy.

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Wednesday’s Vital Data: Amgen, American Airlines and Apple

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The topsy-turvy ride for stock traders continues this morning with U.S. stock futures pointing toward a sizeable down gap at the open. Heading into the open, futures on the Dow Jones Industrial Average are down 1.46%, and S&P 500 futures are lower by 1.42%. Options traders came after calls throughout the session, boosting volumes in Amgen (NYSE:AMGN), American Airlines Group (NYSE:AAL) and Apple (NASDAQ:AAPL). Activity ballooned to 1,314% of the average daily volume, with 275,296 total contracts traded; 96% of the trading came from call options alone.

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DevOps Enterprise Summit Las Vegas 2019 Announces Speakers from Adidas, American Airlines, Comcast, PNC Bank, Verizon and Walmart

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Technology leaders emphasize the evolving business, technical and architectural practices and the methods needed to successfully lead widespread change efforts in large organizations. Its goal is to give these leaders the tools and practices they need to develop and deploy software faster and to win in the marketplace. "I attend DevOps Enterprise Summit because it is the only DevOps conference that goes well beyond just the tools and technologies and delves into people, culture, leadership, collaboration and overall digital transformation," said Tapabrata Pal, Senior Director & Sr. With events in both the United States and Europe, DevOps Enterprise Summit provides keynotes, panels, breakouts, DevOps workshops, speaker Q&A sessions, book signings, and an expo hall.

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Monday, August 12


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American Airlines wins permanent court block against alleged disruption by mechanics

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Visit our Privacy Policy to learn more or manage your personal preferences in our Cookie Consent Tool. American Airlines wins permanent court block against alleged disruption by mechanics. (Reuters) - A U.S. federal court on Monday issued a permanent injunction against American Airlines Group Inc's mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season. The judgment, issued in the United States District Court for the Northern District of Texas, made permanent an earlier order against the TWU-IAM Association demanding the workers stop interfering in American's operations.

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