Passengers who fly American Airlines, the operating division of bankrupt AMR, have found it increasingly frustrating to use the carrier. The Allied Pilots Association allegedly has encouraged some of its members to skip work. This has caused very substantial delays in flights, as well as a number of cancellations. According to The Wall Street Journal:
Flight cancellations at American are running between 3% and 5% a day in an industry where a 1% rate is considered a very bad day. And only about half of American’s flights are arriving on time, compared with more than 80% for most large carriers.
What has not been covered by the media is the extent to which the other large carriers — US Airways Group Inc. (NYSE: LCC), Delta Air Lines Inc. (NYSE: DAL) and United Continental Holdings Inc. (NYSE: UAL) may benefit as passengers flee American.
Douglas A. McIntyre
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.