Source: American Airlines American Airlines Group Inc. (NASDAQ: AAL) today reported its first-quarter 2023 financial results, including: First-quarter net income of $10 million, or $0.02 per diluted share. Excluding net special items1, first-quarter net income of $33 million, or $0.05 per diluted share. Record first-quarter revenue of $12.2 billion, which represents a 37% increase year over year. Generated record operating cash flow of $3.3 billion2 and record free cash flow of $3.0 billion2 in the first quarter. Ended the quarter with $14.4 billion of total available liquidity. Reiterating full-year 2023 adjusted earnings per diluted share3 target of $2.50 to $3.50 “The American Airlines team ran a great operation and delivered on our financial guidance for the quarter, resulting in a first-quarter profit for [...]

Source: Alaska Airlines Our newest global partner now flies between Los Angeles and Taipei with connections to 16 destinations across Asia; Mileage Plan members can earn miles on all STARLUX flights With more of us looking to travel internationally this year, Alaska Airlines is celebrating our newest global airline partner: STARLUX Airlines, a Taipei-based premium carrier, which today launched its inaugural transpacific service between Taipei and Los Angeles. Alaska is STARLUX’s first airline partner. Our Mileage Plan members can now earn miles on all STARLUX flights, and soon they’ll be able to redeem miles on STARLUX. When redemptions become available this summer on STARLUX flights between Los Angeles and Taipei, they will start at 20,000 miles for economy, 40,000 for premium economy and 60,000 [...]

Source: Air Canada First Dreams Take Flight trip departing Halifax since 2019 Second flight of 2023 taking off from across Canada Every year, Air Canada and Dreams Take Flight take children facing different challenges on the trip-of-a-lifetime This morning, the first Air Canada and Dreams Take Flight from Atlantic Canada since 2019 took off from Halifax International Airport with 144 children to Orlando to experience the trip-of-a-lifetime. Thanks to the numerous Air Canada employee volunteers, support of the Air Canada Foundation and the work by the Dreams Take Flight organization, eight flights operate annually, providing over 1000 children each year with an unforgettable day at a theme park in Florida or California.   The flight from Halifax left in the early hours of the morning and transported 144 kids to Orlando, [...]

Source: JetBlue JetBlue Airways Corporation reported its results for the first quarter of 2023. “Thanks to our team's collective hard work, our first quarter financial results came in better than expectations, and we are forecasting strong sequential pre-tax margin improvement into the second quarter. We remain well on track in executing our comprehensive plan to enhance our long-term profitability and restore our historical earnings power,” said Robin Hayes, JetBlue’s Chief Executive Officer. “For the second quarter, we expect strong revenue growth to continue as demand remains robust and as we see continued momentum from our commercial initiatives. We are forecasting a solidly profitable quarter, and we remain confident in our full-year earnings outlook." First Quarter 2023 Financial Results Net loss [...]