U.S. air traffic control system failing Americans, airline CEOs say [CNBC]
American Airlines Group, Inc. (AAL)
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Source: CNBC
Major airline CEOs on Wednesday called on Congress to approve billions of dollars in funding to modernize the United States' , saying it is “failing Americans.” The Federal Aviation Administration's air traffic control network's woes have been years in the making. But a rush of high-profile mishaps, near-misses and a deadly January crash involving an regional jet caused public alarm and prompted new calls for action. In a joint letter, the airline executives cited and said the FAA's technology “is wildly out of date.” “Aviation remains the safest mode of transportation in the U.S., but for it to remain so, serious upgrades need to happen now,” said the letter, citing a 2023 independent review that raised safety concerns. The executives called for urgent action as the busy summer travel season begins with the Memorial Day holiday this weekend. The FAA on Tuesday predicted a record number of Memorial Day holiday flights despite imposing due to runway construction, technology
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AAL
Earnings
- 4/24/25 - Beat
AAL
Sec Filings
- 6/13/25 - Form 3
- 6/13/25 - Form 4
- 6/13/25 - Form 4
- AAL's page on the SEC website