The fatal midair collision between an American Airlines passenger jet and an Army helicopter followed a string of near misses at airports over the last several years.
In our opinion, Southwest has the best balance sheet of all the US-based carriers. As the pandemic has wreaked havoc on air travel demand and airlines’ business model, liquidity became more paramount since 2020 than it had been in previous years.
A downbeat outlook tarnished an otherwise strong quarter for Southwest, which topped profit estimates on robust holiday travel.
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Southwest's CEO Bob Jordan said "our hearts go out" to people on the American Airlines flight involved in Wednesday night’s midair collision with a helicopter in the nation’s capital.
The crash of an American Airlines passenger jet and a U.S. Army Black Hawk helicopter near Reagan Washington National Airport on Wednesday highlighted issues around the congested airspace shared by civilian and military aircraft over the U.
Because of the tragic incident, Ronald Reagan National Airport will remain closed until at least 11 a.m. on Thursday.
Southwest Airlines Co. warned that costs will climb faster than expected as it grapples with heavy labor expenses, undercutting gains from strong demand for leisure travel.
A regional jet approach ing Reagan National Airport collided with a military helicopter over the Potomac River late Wednesday night, prompting a massive search and rescue operation.
The close calls coincide with a shortage of air traffic controllers that has delayed flights and raised safety concerns across the United States. The FAA in October opened an audit into runway incursion risks at the 45 busiest U.S. airports after a series of near-miss incidents.
The crash of an American Airlines passenger jet and a US Army Black Hawk helicopter near Reagan Washington National Airport has highlighted issues around the congested airspace shared by civilian and military aircraft over the US capital.
Airline executives have pushed the government to modernize air traffic control and alleviate congestion in some of the busiest air corridors in the U.S.