American Airlines

Evolve Selects Affirm as Its Pay-Over-Time Partner

Retrieved on: 
Tuesday, January 9, 2024

By selecting Affirm at checkout, approved Evolve customers can split the total cost of any booking over $500 into monthly payments for as low as 0% APR.

Key Points: 
  • By selecting Affirm at checkout, approved Evolve customers can split the total cost of any booking over $500 into monthly payments for as low as 0% APR.
  • “We knew Affirm was the right partner for Evolve based on their commitment to transparency – their mission to deliver honest financial products aligns seamlessly with our vision to be the most trusted hospitality brand in vacation rental,” said Eric Schueller, Executive Vice President of Revenue at Evolve.
  • Evolve joins over 266,000 Affirm retail partners, including American Airlines, Priceline, Great Wolf Lodge, Cathay Pacific, SeatGeek, Royal Caribbean, and more.
  • Offering Affirm at checkout can drive overall sales, increase average order value, and increase customer repurchase rates.

Infinium and Mo Industrial Park Announce Collaboration to Develop Commercial eFuels Project in Northern Norway

Retrieved on: 
Wednesday, January 10, 2024

SACRAMENTO, Calif. and MO I RANA, Norway, Jan. 10, 2024 /PRNewswire/ -- eFuels provider Infinium and Mo Industrial Park (Mo Industripark AS) have signed a Memorandum of Understanding to develop Norway's first advanced eFuels production facility in Mo i Rana, Norway .

Key Points: 
  • SACRAMENTO, Calif. and MO I RANA, Norway, Jan. 10, 2024 /PRNewswire/ -- eFuels provider Infinium and Mo Industrial Park (Mo Industripark AS) have signed a Memorandum of Understanding to develop Norway's first advanced eFuels production facility in Mo i Rana, Norway .
  • Mo i Rana has committed land for the eFuels project and renewable power required to produce green hydrogen as a feedstock for the Infinium process.
  • Mo Industrial Park is the leading industrial development zone in Northern Norway.
  • We look forward to leading the development of the eFuels industry in Norway and supporting Europe's efforts to achieve net zero."

16,000 CWA-IBT AMERICAN AIRLINES MEMBERS RATIFY AGREEMENT

Retrieved on: 
Monday, January 8, 2024

DALLAS, Jan. 8, 2024 /PRNewswire/ -- Passenger service workers at American Airlines, jointly represented by the Communications Workers of America (CWA)-International Brotherhood of Teamsters (IBT) Association, have voted by a three-to-one margin to ratify a groundbreaking, five-year agreement.

Key Points: 
  • DALLAS, Jan. 8, 2024 /PRNewswire/ -- Passenger service workers at American Airlines, jointly represented by the Communications Workers of America (CWA)-International Brotherhood of Teamsters (IBT) Association, have voted by a three-to-one margin to ratify a groundbreaking, five-year agreement.
  • "We are excited to announce the ratification of this agreement for passenger service workers at American Airlines, many of whom risked their health and safety to serve the flying public and aided the airline's economic recovery along the way," said Richard Honeycutt, Vice President of CWA District 3 and Chair of CWA's Passenger Service Airline Council.
  • "Throughout this process, CWA-IBT American Airlines passenger service workers played a key role in winning some of the hard-fought gains in the contract, with many members organizing multiple informational picket lines at airports throughout the country."
  • "American Airlines has been reporting record revenue each quarter, and this contract guarantees that the carrier shares prosperity with people who are responsible for it."

Surf Air Mobility and Williamsport, Pennsylvania Enter Agreement for Subsidized Commuter Air Service Between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD)

Retrieved on: 
Monday, January 8, 2024

Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a company that aims to transform regional flying through electrification, and the Williamsport Municipal Airport Authority of Williamsport, Pennsylvania have agreed to launch scheduled commuter air service between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD) with a target start date in May 2024.

Key Points: 
  • Surf Air Mobility Inc. (NYSE: SRFM) (“Surf Air Mobility”, “Surf Air”), a company that aims to transform regional flying through electrification, and the Williamsport Municipal Airport Authority of Williamsport, Pennsylvania have agreed to launch scheduled commuter air service between Williamsport Regional Airport (IPT) and Washington Dulles International Airport (IAD) with a target start date in May 2024.
  • The flights will be operated by Southern Airways Express (“Southern”), an airline subsidiary of Surf Air Mobility.
  • These agreements resemble Surf Air Mobility’s numerous Essential Air Service contracts which provide federal subsidies to connect communities which would otherwise lack access to minimal air service.
  • Surf Air Mobility, with its Southern Airways and Mokulele Airlines subsidiaries, is the largest commuter airline in the U.S. by scheduled departures.

American Airlines Named to Dow Jones Sustainability World Index

Retrieved on: 
Monday, December 11, 2023

FORT WORTH, Texas, Dec. 11, 2023 (GLOBE NEWSWIRE) -- American Airlines has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time, one of only two passenger airlines included in the Index.

Key Points: 
  • FORT WORTH, Texas, Dec. 11, 2023 (GLOBE NEWSWIRE) -- American Airlines has been named to the Dow Jones Sustainability World Index (DJSI World) for the first time, one of only two passenger airlines included in the Index.
  • American also returns to the Dow Jones Sustainability North America Index (DJSI North America) for the third year in a row.
  • The Dow Jones Sustainability World Index comprises global sustainability leaders as identified by S&P Global through the Corporate Sustainability Assessment.
  • It represents the top 10% of the largest 2,500 companies in the S&P Global Broad Market Index based on long-term economic, environmental and social criteria.

Aviation Industry's Support for Humanitarian Aid Delivery Is A Model for Others, Says Nonprofit CEO

Retrieved on: 
Thursday, December 7, 2023

Washington D.C., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Celebrating International Civil Aviation Day, Airlink CEO Steve Smith urges businesses across the supply chain to emulate the aviation industry's commitment to swift, collaborative action and support of humanitarian aid operations.

Key Points: 
  • Washington D.C., Dec. 07, 2023 (GLOBE NEWSWIRE) -- Celebrating International Civil Aviation Day, Airlink CEO Steve Smith urges businesses across the supply chain to emulate the aviation industry's commitment to swift, collaborative action and support of humanitarian aid operations.
  • According to the UNHCR, only about two-thirds of the $55.2B in funding needed to support these communities has been raised.
  • “International Civil Aviation Day is an opportunity to acknowledge the aviation industry's invaluable contribution to humanitarian aid delivery, whether that is flying humanitarian cargo or transporting first responders; Airlink’s Governors Council epitomizes that collaborative spirit,” said Steve Smith, Airlink President and CEO.
  • Embracing collective responsibility across multiple industries within the supply chain could revolutionize aid delivery, ensuring a more effective, prompt, and compassionate response to global emergencies."

American Airlines Announces Pricing of Senior Secured Notes

Retrieved on: 
Friday, November 17, 2023

FORT WORTH, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced that it priced $1.0 billion aggregate principal amount of its 8.50% senior secured notes due 2029 (the “Notes”), representing an upsize of $250.0 million from the previously announced offering amount.

Key Points: 
  • FORT WORTH, Texas, Nov. 17, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced that it priced $1.0 billion aggregate principal amount of its 8.50% senior secured notes due 2029 (the “Notes”), representing an upsize of $250.0 million from the previously announced offering amount.
  • The Company expects to use the net proceeds from the offering of the Notes, together with the net proceeds from the Term Loan and cash on hand, to redeem all of its outstanding 11.75% Senior Secured Notes due 2025 (the “11.75% Senior Secured Notes”).
  • The Notes and the Term Loan will be guaranteed on a senior unsecured basis by the Parent.
  • Neither this press release nor anything contained herein shall constitute a notice of redemption with respect to the 11.75% Senior Secured Notes.

U.S. Global Investors Announces Solid Financial Results for Fiscal Year 2023, with Net Income Per Share of $0.22, 23% Operating Margin and Increased Working Capital

Retrieved on: 
Thursday, November 16, 2023

For the 12-month period, net income was $3.1 million, or $0.22 per share, and operating income was $3.5 million.

Key Points: 
  • For the 12-month period, net income was $3.1 million, or $0.22 per share, and operating income was $3.5 million.
  • Operating margin was a healthy 23% on operating revenues of $15.1 million, despite average assets under management (AAUM) declining 35.6%, from $3.9 million during fiscal 2022 to $2.5 million during the fiscal year ended June 30, 2023.
  • As of June 30, 2023, the Company had net working capital of approximately $37.4 million, over a 10% increase from June 30, 2022.
  • Now that this 10-K is filed, the Company will begin working diligently on the September 10-Q.

American Airlines Announces Proposed Offering of Senior Secured Notes and New Term Loan

Retrieved on: 
Thursday, November 16, 2023

FORT WORTH, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).

Key Points: 
  • FORT WORTH, Texas, Nov. 16, 2023 (GLOBE NEWSWIRE) -- American Airlines, Inc. (the “Company”), a subsidiary of American Airlines Group Inc. (the “Parent”)(NASDAQ: AAL), today announced a proposed private offering of $750 million aggregate principal amount of senior secured notes due 2029 (the “Notes”).
  • The Company also announced it intends to borrow up to $750 million in aggregate principal amount of term loans (the “Term Loan”) under a new senior secured credit facility.
  • The Company expects to use the net proceeds from the offering of the Notes, together with the net proceeds from the Term Loan and cash on hand, to redeem $1.5 billion of its existing 11.75% Senior Secured Notes due 2025 (the “11.75% Senior Secured Notes”).
  • Neither the consummation of the Notes offering, nor the consummation of the Term Loan, is conditioned upon the consummation of the other financing.

Liberty Travel Partners with Affirm to Bring Travelers a More Flexible Way to Book Trips

Retrieved on: 
Monday, December 18, 2023

Liberty Travel , an award-winning travel agency experience, today announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth.

Key Points: 
  • Liberty Travel , an award-winning travel agency experience, today announced a partnership with Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth.
  • Now, eligible travelers can book their dream vacation with Affirm, enjoying now and paying over time.
  • View the full release here: https://www.businesswire.com/news/home/20231218466334/en/
    When booking trips with an expert travel consultant, approved Liberty Travel customers can choose to pay over time with Affirm and split the total cost of any purchase over $250 into monthly payments.
  • Offering Affirm at checkout can drive overall sales, increase average order value, and increase customer repurchase rates.