Money
American Airlines is on a hiring spree
A new gig working within aviation is on the cards for 18,000 people around the world – with American Airlines gearing up for a major hiring blitz
American Airlines is planning to hire 18,000 workers in 2022, on top of thousands of new employees this year to cater to a rebound in travel.
According to reports, CEO Doug Parker plans to tell lawmakers during a hearing about flight disruptions in recent months that his airline is awaiting an influx of new applicants to fill the new roles.
The chief executives of American Airlines, United Airlines and Southwest Airlines, and Delta Air Lines’ chief of operations, will face questions Wednesday from the Senate Committee on Commerce, Science, and Transportation about mass flight cancellations and staffing struggles despite roughly $54 billion in federal payroll aid doled out to the airline industry to soften the Covid pandemic’s impact.
Just months ago, American and Southwest canceled hundreds of flights during brief periods as they struggled with staffing shortfalls and bad weather.
Both airlines have turned to incentives like extra pay or bonuses to avoid repeats during Thanksgiving, which went smoothly – as well as Christmas and New Year’s holidays which are expected to be busy.
COVID making the aviation sector sick
Airlines during the pandemic urged thousands of workers to voluntarily take buyouts or leaves of absence to help cut their labor bills since the aid package prohibited them from laying off staff.
Now they are scrambling to add workers as travel demand returns, competing in a tight labor market that has impacted retailers, restaurants, hotels and other industries.
American, which has about 130,000 employees including its regional airline subsidiaries, has hired more than 16,000 employees this year including pilots, flight attendants, mechanics and customer service agents, Parker said in written testimony ahead of the hearing.
“We believe this positive momentum will continue into next year, as we’ve set a target of hiring an additional 18,000 team members in 2022,” Parker said in his testimony.
American Airlines is one of hundreds of airlines around the world that have been impacted by COVID.
Money
Commodities surge as oil volatility and metals hit record highs
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.
Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.
Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.
To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews
Money
Stocks slide and Trump cancels talks: What’s next for markets and Greenland?
U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.
U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.
U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.
Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#StockMarket #SP500 #DowJones #BankEarnings #TrumpNews #Iran #Greenland #Geopolitics
Money
U.S. budget deficit falls to $1.67 trillion
US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.
US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.
The US budget deficit has dropped to $1.67 trillion in 2025, the lowest in three years, driven by record customs revenue from President Donald Trump’s tariffs. While this marks a positive shift for the economy, challenges loom with potential Supreme Court rulings on tariffs and falling corporate tax receipts.
David Scutt from StoneX explains the key factors behind the decline in the deficit and what December’s figures reveal about the overall fiscal health of the US.
We also explore the potential implications of upcoming Supreme Court decisions and how the One Big Beautiful Bill Act could impact future deficits. Stay informed on what these changes mean for the economy and markets.
Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
#USBudget #DeficitUpdate #TrumpTariffs #FiscalPolicy #Economy2025 #SupremeCourtImpact #CorporateTaxes #FinancialNews
-
Ticker Views3 days agoWhy Greenland matters in a multipolar world
-
Crypto5 days ago
Crypto climbs amid U.S. weakness and Iranian crisis
-
Ticker Views4 days ago
U.S. pushes Latin American dominance
-
News4 days ago
Greenland says “No” to U.S. takeover — Chooses Denmark in geopolitical showdown
-
Ticker Views4 days ago
Pentagon’s AI gamble: Is Grok safe for defense?
-
News3 days ago
Iran protests and the global fight for freedom
-
Money3 days ago
U.S. budget deficit falls to $1.67 trillion
-
Leaders2 days ago
Sendle’s closure impacts Australia’s small business logistics
