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Stockreport

Airlines plead tech failure after government orders automatic refunds for wronged travelers [Yahoo! Finance]

American Airlines Group, Inc. (AAL)  More Company Research Source: Yahoo! Finance
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
On a Thursday call with analysts , Frontier CEO Barry Biffle said airlines in the U.S. may not be equipped to handle the changes, which include disclosing fees and issuing refunds for customers in certain situations. He pointed the finger at the industry's tech incompetence. “I think the reason why some of the industry is having a challenge is because I think there's not the technology in place today to do exactly what they're looking for,” Biffle said. “But hopefully we can all get there.” Last week the Department of Transportation, led by Biden appointee Pete Buttigieg, published new rules that make refund policies more friendly to customers and more uniform across airlines. Among the changes, the new rules would force airlines to provide refunds if a flight is delayed for three hours or six hours for international flights; if a customer is downgraded to coach from first class; or if a flight changes to add more connections than expected. Frontier Airlines did not immediately [Read more]
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Stockreport

Airlines plead tech failure after government orders automatic refunds for wronged travelers [Yahoo! Finance]

American Airlines Group, Inc.  (AAL) 
More Company Research Source: Yahoo! Finance
Last american airlines group, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: americanairlines.gcs-web.com/investor-relations
On a Thursday call with analysts , Frontier CEO Barry Biffle said airlines in the U.S. may not be equipped to handle the changes, which include disclosing fees and issuing refunds for customers in certain situations. He pointed the finger at the industry's tech incompetence. “I think the reason why some of the industry is having a challenge is because I think there's not the technology in place today to do exactly what they're looking for,” Biffle said. “But hopefully we can all get there.” Last week the Department of Transportation, led by Biden appointee Pete Buttigieg, published new rules that make refund policies more friendly to customers and more uniform across airlines. Among the changes, the new rules would force airlines to provide refunds if a flight is delayed for three hours or six hours for international flights; if a customer is downgraded to coach from first class; or if a flight changes to add more connections than expected. Frontier Airlines did not immediately [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS