Bulletin
Investor Alert

Sept. 29, 2022, 5:08 p.m. EDT

AAL Stock Is Down Due to Hurricane Ian, and Thousands of Flights Canceled

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Allegiant Travel Co. (ALGT)
  • X
    Spirit Airlines Inc. (SAVE)
  • X
    Southwest Airlines Co. (LUV)

or Cancel Already have a watchlist? Log In

Sep 29, 2022 (PressReach.com via COMTEX) -- AAL stock declines as $12.18 as of 01:44PM EDT.

On Thursday, a significant number of airline flights were canceled as a result of Hurricane Ian, which had a significant impact on Florida. According to statistics from FlightAware.com, Allegiant Air /zigman2/quotes/208507686/composite ALGT -0.15% had 39% of its flights canceled, Frontier (ULCC) had 28% of its flights canceled, and Spirit Airlines /zigman2/quotes/205782179/composite SAVE -0.65% had 24% of its flights postponed.

Southwest Airlines /zigman2/quotes/201071949/composite LUV -0.82% and JetBlue /zigman2/quotes/207639051/composite JBLU -0.25% both had large cancellation rate increases of 10% and 20%, respectively. For Thursday in the United States, Delta Air Lines /zigman2/quotes/200327741/composite DAL +0.93% and America Airlines /zigman2/quotes/209207041/composite AAL -0.07% reported an 8% cancellation rate. Due to the hurricane, more than 5,000 flights have been canceled in the United States since Tuesday.

Jblu Stock Up And Joins American Airlines To Defend Their Alliance In Court

While the Tampa airport has not provided an official reopening date, the Orlando airport is anticipated to begin conducting commercial flights later on Friday. Over the next two days, Hurricane Ian is expected to have an impact on airports in Georgia, North Carolina, and South Carolina . The cost of the canceled flights as well as the additional expenditures of relocating crew and aircraft around the storm have not yet been estimated by the airline operators.

By midday ET on Thursday, just over 2,000 flights within the United States had been canceled, according to data from flight monitoring service FlightAware. On Wednesday, more than 2,100 flights within the US were canceled.

At midday on Thursday, Orlando, Tampa, and Jacksonville airports had the most cancellations.

By midday on Thursday, there were also around 1,050 flights booked for Friday that had been canceled.

By midday ET on Thursday, almost 400 Southwest Airlines flights that were scheduled to depart had been canceled, according to FlightAware. Each of AAL and Delta Air Lines has canceled over 250 flights. American passengers can rebook flights with no change fees through airports in Florida, Georgia, and the Carolinas. Affected travelers can now take advantage of flexible procedures that have been implemented by other US carriers like Delta, Southwest, and United.

Featured Image- Megapixl @ Pavel0887

Please See Disclaimer

Visit PressReach.com To Get More Articles Like This

Author: Jowi Kwasu
Market Jar Media Inc.
info@marketjar.com
#170 - 422 Richards Street
Vancouver, BC, Canada
V6B 2Z4
1.800.340.9767

COMTEX_415586398/2810/2022-09-29T17:08:08

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/208507686/composite
US : U.S.: Nasdaq
$ 81.90
-0.12 -0.15%
Volume: 119,850
Dec. 2, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$1.51 billion
Rev. per Employee
$490,616
loading...
/zigman2/quotes/205782179/composite
US : U.S.: NYSE
$ 21.29
-0.14 -0.65%
Volume: 424,162
Dec. 2, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.32 billion
Rev. per Employee
$506,042
loading...
/zigman2/quotes/201071949/composite
US : U.S.: NYSE
$ 39.75
-0.33 -0.82%
Volume: 5.31M
Dec. 2, 2022 4:00p
P/E Ratio
31.21
Dividend Yield
0.00%
Market Cap
$23.60 billion
Rev. per Employee
$411,851
loading...
/zigman2/quotes/207639051/composite
US : U.S.: Nasdaq
$ 7.94
-0.02 -0.25%
Volume: 6.52M
Dec. 2, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.57 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/200327741/composite
US : U.S.: NYSE
$ 35.71
+0.33 +0.93%
Volume: 6.57M
Dec. 2, 2022 4:00p
P/E Ratio
311.33
Dividend Yield
0.00%
Market Cap
$22.90 billion
Rev. per Employee
$561,651
loading...
/zigman2/quotes/209207041/composite
US : U.S.: Nasdaq
$ 13.97
-0.01 -0.07%
Volume: 24.12M
Dec. 2, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$9.08 billion
Rev. per Employee
$366,370
loading...

This Story has 0 Comments
Be the first to comment

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.