Business > Travel

American Airlines Cutting 1,600 Jobs Amid $1.25 Billion Loss

18 days ago   |   By Newsweek

American Airlines is reporting a $1.25 billion loss in the first quarter of 2021, leading to massive job cuts. The company CEO is optimistic that travel will pick up after the COVID-19 pandemic slowed business over the last year.
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American Airlines sees signs of hope as it posts $1.25 billion loss, delays new Boeing jets

18 days ago   |   By Chicago Tribune

American Airlines said Thursday that it lost $1.25 billion in the first quarter and continued to slash costs, including delaying delivery of new jets as it waits for air travel to recover from the pandemic.
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The Capitol police must start looking at itself as a 'protective force' for...

The Capitol police must start looking at itself as a 'protective force' for Congress after the Capitol riot, inspector general says

Summary List Placement The Capitol Police have to start looking at themselves as a "protective agency" that prioritizes intelligence after the January 6 Capitol attack, the... Read more ...

The best credit card bonuses and deals this week include record-high Amex...

The best credit card bonuses and deals this week include record-high Amex Hilton offers and cash back for Amazon shoppers

Summary List PlacementTable of Contents: Masthead Sticky Amex introduced record-high offers of up to 180,000 points on two Hilton credit cards. You can earn up to $350 cash... Read more ...

A DeFi project will pay back users $10 million in Ethereum that was recently...

A DeFi project will pay back users $10 million in Ethereum that was recently stolen

Summary List Placement Rari Capital said it will pay back users who lost funds when about $10 million in ether was drained from the decentralized finance project's liquidity... Read more ...

Autopilot couldn't have been engaged during fatal Tesla crash, NTSB says...

Autopilot couldn't have been engaged during fatal Tesla crash, NTSB says, contradicting initial police reports

Summary List Placement The National Transportation Safety Board on Monday released preliminary findings from its investigation into a fatal Tesla crash in April, offering new... Read more ...

Cathie Wood's ARK Innovation ETF falls its lowest point in 2021 as inflation...

Cathie Wood's ARK Innovation ETF falls its lowest point in 2021 as inflation fears hammer tech stocks

Summary List Placement Cathie Wood's flagship exchange-traded fund tumbled by more than 5% on Monday to its lowest point so far this year as inflation fears drove a big selloff... Read more ...

A 23-year-old Italian woman received 6 times the recommended amount of...

A 23-year-old Italian woman received 6 times the recommended amount of Pfizer's coronavirus vaccine

Summary List Placement A 23-year-old Italian woman received six doses of Pfizer's coronavirus vaccine on Sunday, after a nurse at a hospital in Tuscany accidentally injected an... Read more ...

Harvest Health surges 19% after Trulieve acquires the cannabis company for...

Harvest Health surges 19% after Trulieve acquires the cannabis company for $2.1 billion in stock

Summary List Placement Harvest Health stock surged as much as 19% on Monday after Trulieve acquired its cannabis industry rival for $2.1 billion in an all-stock deal. Under the... Read more ...

Tesla could rally to $1,000 this year as demand from China remains strong...

Tesla could rally to $1,000 this year as demand from China remains strong and the global chip shortage subsides, Wedbush says

Summary List Placement Tesla could roar higher in 2021 as demand looks strong so far and the global semiconductor chip shortage will only be a temporary setback for the EV... Read more ...

$2.3 billion Electron Capital's renewable energy bets paid off last year...

$2.3 billion Electron Capital's renewable energy bets paid off last year. The firm is banking on Biden's green energy and infrastructure plans to give it another boost

Summary List Placement Count Electron Capital is one of the many firms leaning into ESG as President Joe Biden's administration takes hold. The $2.3 billion hedge fund has long... Read more ...

Rep. Adam Kinzinger says GOP House leader Kevin McCarthy dismissed his...

Rep. Adam Kinzinger says GOP House leader Kevin McCarthy dismissed his warnings about violence days before Jan. 6: 'Operator next question'

Summary List Placement Rep. Adam Kinzinger, an Illinois Republican, said on Monday that House GOP leader Kevin McCarthy dismissed his warnings that Republican rhetoric would... Read more ...