American Airlines cancels hundreds of flights, again

Published

3 years ago

August 4, 2021

American Airlines has called off a wave of flights for a second straight day, leaving thousands of passengers stranded

The cancellation of fuelling concerns that crew shortages are adding to problems first sparked by weather and technology issues.

284 flights have been cancelled by the airline, equating to 9% of its schedule. It follows a further 563 cancellations on Monday, according to FlightAware.com.

The scrubbed service followed a weekend of storms that hit the carrier’s Dallas-Fort Worth International and Miami International hubs.

“A prolonged severe weather event in Dallas Fort Worth on Sunday night into Monday morning brought sustained heavy rain, strong winds, lightning, microbursts and hail to our largest hub,”
American Airlines said

Spirit Airlines also parked 624 flights over the two days, hit by weather and other challenges. That was equivalent to 42% of its schedule each day.

Warner Brothers & Discovery considers splitting up to boost stock value

Published

1 week ago

July 19, 2024

ticker NEWS

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Published

1 week ago

July 18, 2024

ticker NEWS

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

Money

Netflix expands use of ads despite slow subscriber growth

Published

1 week ago

July 18, 2024

ticker NEWS

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.