American Airways says August income weaker than anticipated due to Covid

An American Airlines passenger plane approaches landing at LAX during the coronavirus disease (COVID-19) outbreak in Los Angeles, California on April 7, 2021.

Mike Blake | Reuters

American Airlines said on Wednesday that August earnings will be lower than expected due to an increase in Covid Falls Drives Bookings, Newest Carrier To Warn Of The Impact Of Infection On Sales.

“It has been and we expect it will continue to be a very troubled recovery,” said Vasu Raja, American chief revenue officer, speaking at a Raymond James investor conference.

Raja said July revenue was above the airline’s expectations, but the surge in Covid cases resulted in weaker short-term bookings and higher cancellations.

“Given the fluidity of the current demand environment, we are not ready at this point to make any final adjustments to our capacity plans or guidelines,” said Raja.

Ector County commissioners focus on American Rescue Plan Act cash

ODESSA, Texas (KOSA) – As the coronavirus continues to spread, Ector County’s commissioners are making decisions on how federal funds will be distributed.

Tuesday morning commissioners heard from eight different groups requesting part of the American rescue plan – and it wasn’t just hospitals.

Groups like the Odessa Volunteer Fire Brigade and the ISD of Ector County together with ORMC and MCH.

The medical center is calling for $ 7 million for medical equipment and hospital staff.

And over in the county, some are calling for the funds to be used for infrastructure like roads and water.

Commissioners say they are looking at the best way to prioritize federal funding with community needs.

District Two Commissioner Greg Simmons said the court will start compiling a list but the decision will be difficult.

“We want to prioritize and make sure that most of the people are positively impacted with the money,” said Simmons. Again, healthcare is an important part of our community and we want to make sure that the hospitals have the necessary resources but also have different sources available so we cannot focus on that because it is other areas like water in different ones Districts that have got into a crisis mode. “

Commissioner Simmons said there was no real timetable in about 90 days – the court could start considering how the money should be spent.

Commissioners say Ector County has a year to explain where the funds will go.

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Columbia Metropolis Council considers concepts for American Rescue Plan cash

COLOMBIA, Mon. (KMIZ)

Columbia City Council pondered how to spend $ 25 million received from the federal government.

The discussion came as the council prepares to vote on its budget for fiscal year 22. Funds from the American Rescue Plan make up a small percentage of the money the council must garner, but many have urged the council to invest in areas it frequently does not invest in while fighting the COVID-19 pandemic.

The council discussed how to use the money to fight homelessness in the city. Citizens’ surveys have shown that housing construction is a priority for consideration. The draft plan prepared by city officials for ARPA funding shows that $ 3 million will be spent on this issue. The Voluntary Action Center has asked for ARPA funds to help with its Opportunity Campus for people affected by homelessness, including shelter. The group said it would take $ 5 million to get it established.

The council members discussed how best to use this money. Mayor Brian Treece said $ 3 million could be too expensive. He said the city needs to ensure that whatever it has spent money on produces results in solving the problem.

“I think there are some unique needs that I think the city should be a partner on,” said Treece. “And I think the county has to be a partner and I think the private sector has to be a partner.”

First ward councilwoman Pat Fowler said the city needs to spend enough money to make the program in which it has invested successful. So did other urban ARPA investment ideas, including mental health services and community violence prevention.

“Now if we put extra strain on a nameless person to make all of these connections and bring all of these things together, the chances are they’ll fall apart,” said Fowler.

City Manager John Glascock revealed his plan for spending at a news conference on July 29th. The $ 474 million budget includes a 3 percent raise for all employees and the creation of 38 new jobs in the city. The government is still cutting back on staff cuts that were cut in 2020 due to the coronavirus pandemic. Glascock said the city is in “good financial condition” and expects to raise $ 443 million for the fiscal year beginning October 1.

The Council held its first public hearing on the budget on August 16. He will hold two more hearings, scheduled for September 7th and September 20th, before possibly voting on September 20th.

The health department also asked for more money to keep some temporary positions. Deputy Director Scott Clardy said the department must hire investigators on the case to deal with the COVID-19 pandemic because of the recent surge caused by the Delta variant. Clardy said the $ 1.2 million needed would also be paid for through grants and the county.

American Legion riders raises cash for veterans, scholarships

American Legion Riders are holding a fundraiser for a silent auction

August 15, 2021 6:39 PM

Posted on August 15, 2021 6:39 PM

LA CROSSE, Wisconsin (WKBT) – A rumble filled the air this weekend as the American Legion Riders rode through.

On Sunday, the American Legion Riders of District 7 held a silent auction fundraiser at Castaway’s.

Funding goes to the American Legion Legacy Scholarship, Camp American Legion, and Freedom Honor Flight.

The organizers are already planning for next year’s run and want everyone to take part.

“We believe this is only for veterans, so we hope to expand it next year so that the public understands that everyone is invited to come with our ride,” said the vice president District 7 Horsemen of the American Legion Hima team.

More than 40 drivers took part in the 120 mile drive on Saturday.

American Airways, Spirit Airways cancel a whole bunch of flights

American Airlines aircraft stand at the passenger gates at Dallas / Fort Worth International Airport (DFW) near Dallas, Texas.

Patrick T. Fallon | Bloomberg | Getty Images

American Airlines Passengers have faced hundreds of cancellations and delays since Sunday as the airline struggles to recover from disruption caused by severe thunderstorms that swept through its Dallas / Fort Worth international hub.

According to flight tracking site FlightAware, more than 270 flights – or 9% of America’s main flight schedule – had been canceled by Tuesday morning. At least 120 of the cancellations were due to a lack of flight crew, according to an internal list reviewed by CNBC.

The Americans canceled around 850 flights between the Sunday when the thunderstorm hit and Monday. Almost 2,000 were delayed. Around 80 American flights were diverted to other airports on Sunday.

Travelers complained on social media of difficulty reaching customer service agents and extensive delays.

“Mother Nature is not playing well and many flights in and out of DFW are delayed or canceled,” American Airlines tweeted to a customer on Sunday.

Before hurricanes and snowstorms occur, airlines will often cancel thousands of flights to avoid passengers and crews getting stranded at airports. Thunderstorms can be disruptive to passengers and airlines alike, as they often result in rolling delays because they are less predictable.

In addition, airlines are struggling to find staff to cope with the surge in travel demand urging Employees in the pandemic took buyouts or leave of absence in the past year to reduce labor costs.

The Transportation Security Administration screened 2.24 million people on Sunday, most since February 28, 2020.

An American Airlines spokeswoman said Monday the weather and air traffic restrictions caused the delays at DFW.

American had cut about 1% of its schedule for the first half of July to deal with weather and other disruptions, as well as staffing issues.

But the carrier has restored more capacity than some of its competitors like United Airlines and Delta Airlines.

“And we expect to fly a larger domestic network with DFW in August this year than in August 2019,” said American President Robert Isom in a quarterly call last month.

More capacity leaves little room for error in the event of malfunctions, analysts told CNBC.

According to the Ministry of Transport, airlines are not required to provide hotel accommodation or meal vouchers to travelers whose flights have been canceled.

“Passengers understand that airlines don’t control the weather, but what makes a good airline is how they treat passengers when the chips are down,” said Henry Harteveldt, founder of travel industry consultancy Atmosphere Research Group and a former airline manager .

More than 1,100 Southwest Airlines Flights, nearly a third of the Dallas-based airline’s schedule, were postponed Monday while 44 were canceled. The airline said Sunday’s thunderstorms triggered Monday’s cancellations.

Spirit Airlines“Problems continued on Tuesday. According to FlightAware, 38% of the flight schedule or 258 flights have been canceled, in addition to about 500 flights between Sunday and Monday.

A spokesman for the low-cost airline said Monday the disruptions were due to “operational challenges” caused by the weather. Airlines will often cancel flights to get the crews in place rather than continuing to delay flights.

“We are working around the clock to get back on track after a few travel interruptions at the weekend due to a number of operational challenges,” the airline said in a statement. “We understand how frustrating it is for our guests when plans change unexpectedly, and we are working to find solutions. We ask guests to actively monitor their emails and flight status before heading to the airport.”

American Ballet Theatre government director on fall return after Covid halt

The American Ballet Theater – the country’s national ballet company – has announced that it will return to the stage in New York City this October, a year after indoor performances were suspended due to Covid.

“We can’t wait to see ABT in the Lincoln Center theaters that are our home,” Kara Medoff Barnett, ABT’s executive director, told CNBC “Worldwide exchange” on Friday. “We know our New York fans are excited to see ABT performers back on stage.”

ABT has just completed a cross-country tour that took 20 of its 84 dancers along with 28 support crews to eight different states. The company has performed at socially distant outdoor venues, and Barnett said it will learn from the protocols it developed this summer to ensure a safe indoor season this fall.

“We want to continue our commitment to the safety of our artists, staff and viewers,” said Barnett. “That was certainly the most important thing when we planned our outdoor tour to keep the audience out while we have the summer sun.”

American Ballet Theater dancers perform the company premiere of “La Follia Variations,” choreographed by Lauren Lovette and costumes by Victor Glemaud, during a dress rehearsal for the American Ballet Theater’s production of “Uniting in Movement” at the Segerstrom Center for the Arts, Costa Mesa on Thursday, April 22, 2021.

Leonard Ortiz | MediaNews Group | Orange County Register via Getty Images

Since its last fall season in 2019, ABT has had to cancel its personal appearances and switch to digital programs, like many ballet companies across the country and worldwide.

Barnett said the pandemic was a time of adaptation and learning for the entire company. “We always think, especially in the last year and a half, what is Plan B, Plan C,” she added. “We are agile in more ways than one.”

During Lincoln Center season, which occurs the last two weeks of October, performances may require proof of vaccination or a negative Covid test, depending on guidelines from the Centers for Disease Control and Prevention. The tickets will be refunded by 12 noon on the day of the performance if there are last-minute changes for spectators.

“We work very closely with our Lincoln Center venues. We work very closely with our medical advisor. And we are determined to find ways that we can continue the mission of this company, which has been bringing extraordinary art to audiences for 81 years.” can track. ” “Barnett told CNBC.

Performances this season include the classical ballet “Giselle” as well as three of the 22 works developed over the past year while the dancers have been divided into 11 creative bubbles.

“We’re bringing three of the works that were created in these residential bubbles to the New York audience to have their live premieres on stage,” said Barnett. “They had digital premieres, they had outdoor premieres all over the country – but now we’re bringing them to Lincoln Center.”

The “ABT Across America” ​​performances, which ended on Wednesday in New York City, were mostly free. But for a company that generated 36% of its revenue from ticket sales in 2018, the return of a full program is essential to future success and longevity.

Barnett isn’t worried about the recovery period and says she is very optimistic about the demand for live performances. “I think there is so much pent-up demand for the performing arts, so much pent-up demand for joint activities and experiences and the joy of celebrating together. In fact, I think we can assume we have the biggest audience we’ve had “seen in years.”

“We had 6,000 people, 8,000 people in these parks watching ballet under the stars,” added Barnett, referring to the cross-country tour. “I think the audience is ready, they missed us and they really want to come back.”

Automotive present raises cash for veterans of American Legion Publish 313

LEXINGTON, Ky. (WTVQ) – On Saturday, car owners from unconventional to chic drove to a special-purpose auto show at the new American Legion Post 313.

Wicked Ways Car Club presented itself with the American Legion Riders. About 60 cars were exhibited. The money raised went to the American Legion Post 313 in Lexington. Organizers say they put this event together to help them move from their old post on New Circle Road to Bryan Station Road. Shannon Steenvergen, the president of the Wicked Ways Car Club, says there is still work to be done to accommodate these veterans.

“The floor has to be finished. Rent has to be paid Electricity has to be paid .. Exchanged utilities via exchange of licenses for anything they might have to raise and use money for which we hope to be able to help, ”says Steenvergen.

The auto show offered prizes for the best in show for modern and classic cars, as well as an audience award.

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Bonuses, spending of American Rescue Plan cash, stay sticking level in new Mayfield Heights union contracts

MAYFIELD HEIGHTS, Ohio – The city council did not approve a new contract for the service department on Monday, July 12th, but like previous union deals that also received no approval from the council this year, it will come into effect soon.

The council voted 3-3 (with Council President Diane Snider abstaining because her husband is a police officer) in the vote on the service contract. As negotiated by the city and the departmental union, the new contract provides for a salary increase of 2.5 percent and a one-off bonus in each of the three years (starting retroactively in January). The bonus is 4 percent of each employee’s salaries in 2020. The contract is similar to the contracts signed by police and fire service unions earlier this year. Traditionally, non-union city workers in Mayfield Heights receive the same raise as union workers.

Although the council did not approve the contract approved by the administration, state law provides that the contract with the service department will come into effect within 30 days of the contract being signed.

As it was the fall in May With the contracts for police and fire brigade, city councilor Gayle Teresi was supported by councilors Robert DeJohn and Donald Manno against the service contract. The service department contract is the last to be billed.

“We’re all in favor of everyone getting a raise,” Teresi said when she was contacted on July 15. “Our service department, our fire brigade and our police are great – we are not taking that away. It’s just that when we (council and administration) spoke at the beginning, just before the contracts were approved, it said (workers) would get a lump sum and it came back 2.5 (percent) and a lump sum every year . That wasn’t what we talked about, we either talked about it, or we did.

“If you make $ 80,000 (per year) you will make $ 3,200 more,” she said of the bonus. “But our directors make more than $ 80,000. Some make $ 120,000 or more. “

The city expects $ 1.8 million this year and the same amount as its share of the federal rescue plan (ARP) in 2022. Mayor Anthony DiCicco said the bonus money will be paid thanks to city workers who continued to work during the pandemic. The ARP money can be used to pay for the bonuses that DiCicco said will total around $ 350,000. The bonuses, he said, are only paid once.

Instead of spending the money on bonuses, Teresi would like to see the money spent to help the residents.

“There are many elderly (residents) with permanent home incomes who cannot fix the driveway if they are cited by the building authorities,” she said. “You can’t put a new roof on. You’re from Social Security. They just don’t have the money so why don’t we help them? Let’s just do something for the residents and give our employees 2.5 percent for three years. “

Teresi said it would also help the city help residents modernize their homes.

“And when that elderly person is gone – moves, sold, dies, God forbid – their house would be in better shape to be sold.”

Speaking of the city’s desire to use the ARP money for bonuses, she said, “It’s like a kid in a candy store – you know you get this (ARP) money, so we’ll just spend it.”

The July 12 meeting included residents from Marnell Avenue ask the city for help with their flooded basements. A problem that residents have been discussing with the city administration for several years.

“These people came to the meeting (to make complaints),” Teresi said. “One woman spent $ 63,000 keeping water out of her basement. She waterproofed her entire house. We made Dye testing last March and by now (the city) should have figured it out (flooding problems). So let’s do something for the residents. It’s (ARP) free money, ”Teresi said.

“Let’s take something from the plate. Let’s help the elderly. Let’s help our housing stock or our own home. Let’s fix the sewers. These people cannot sell their houses. Some of them, their insurance company, are no longer taking damage because they have had so many claims. ”Teresi said there are other homes in the area that have also been hit by floods, including those on Ascot and Bellingham streets.

Regarding spending the ARP money, DiCicco said, “We’re still talking about what we’re going to do with it. The sewers, we’ve got to find out what’s going on with the sewers over there. Dan Gerson, our city engineer, found some leaks between the rainwater and the sewer system during the main paint tests. So something needs to be fixed.

“I think it was about $ 300,000 worth of repairs. It’s good. We’ll go ahead and do this, but testing still needs to be done to find out exactly what needs to be done before we invest any money. We intend to fix whatever we find there. This (ARP) money can be used for this. “

DiCicco went on to say that the cash for the employee bonuses can come from the ARP fund or from the city’s general fund.

“We also have money to fix the sewer problems. It’s just a matter of figuring out what needs to be done. It’s not like you can’t do one thing and can’t do the other. We are in a sufficiently good position to carry out the (sewer) repairs and still take care of our employees. “

In other news

More news from the July 12th Council meeting:

– A request for acceptance of bids for Asphalting the entire Woodhawk Drive stayed on the table. DiCicco said it is still unclear whether the surface renewal will happen this year.

– During a full committee meeting on July 12th, the advice was heard from representatives from LevelHEADS Inc., an architectural firm that is working with the urban engineer GPD Group in hiring a site manager for the upcoming community center / pool project on Marsolstrasse. A very early concept of a plan was shown to the council.

“This is a very preliminary (rendering) that we saw,” DiCicco said. “They showed us what they can do. The building may not look like this when it’s built. But I liked the overall layout because the buildings are between the freeway (I-271) and the pool to shield (the pool) from the freeway.

“I think the general layout will stay the same, but now that we have chosen a site manager and set the budgets, we need to know exactly what the building will look like and what amenities we want. ”

The plan is now to demolish the current community center and build the new one a little further west on today’s parking lot. It is not yet known whether the new community center will be a story or two high.

– There were also points for planning and building Sheetz and Raising Cane’s Chicken Fingers on the Mayland Shopping Center site, which is currently being redeveloped on Mayfield Road.

“They were filed because they both need parking exemptions from the Board of Zoning Appeals,” DiCicco said. “I think it would be better if you go to the zoning board of appeal first so they can make a decision and then the council can act.”

Both companies, DiCicco said, are definitely coming to Mayland. In the case of Sheetz, a gas station that also includes a grocery store and a coffee / sandwich shop, plans have been changed so that the gas pumps cannot be seen from Mayfield Road, but located behind, at the request of local residents the building.

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American Airways shares rise on service’s higher second-quarter forecast

American Airlines flight takes off from Miami, Florida.

Marco Bello | Reuters

American Airlines Shares rose after the airline forecast better revenue and a smaller loss for the second quarter than previously estimated, the latest sign of airlines recovering from travel expenses from the coronavirus pandemic.

The Fort Worth, Texas-based airline said Tuesday that it expects a “slight” pre-tax profit for the second quarter. It said it is expected to release results from a net loss of $ 35 million to a net income of $ 25 million for the three months ended June 30. Excluding net special items, it expects a net loss of up to $ 1.2 billion and a stock loss of between $ 1.67 and $ 1.76. That compares to analyst estimates of $ 2.44 per share.

“We are clearly moving in the right direction,” said CEO Doug Parker and President Robert Isom in an employee statement.

American stock was up more than 2% in early trading on Wednesday.

Air traffic has recovered strongly since the spring when Covid-19 Vaccines became widespread in the U.S., and officials lifted restrictions banning attractions from indoor restaurants to theme parks.

American said it flew 44 million passengers in the second quarter, an 82% increase from the first three months of 2021, albeit still below 2019 levels.

Revenue for the quarter ended last month was likely 37.5% below the same period in 2019 when it generated $ 11.96 billion, compared to an earlier estimate of a 40% decline.

American expects the daily cash build rate to be around $ 1 million per day, the first positive quarter since the pandemic began.

US airlines have at times struggled to meet the rapidly growing demand for travel.

As of March 2020, airlines have received $ 54 billion in federal payroll allowance in exchange for not laying off workers. This has contributed to staffing bottlenecks that have arisen in certain workgroups such as customer service reps and pilots.

Americans for his part cut his schedule for the first half of July by 1% and canceled flights in the last month partly due to a lack of trained and available pilots or other personnel.

“Restoring service this quickly in response to unprecedented growth in demand is incredibly complex,” write Isom and Parker. “But the Americans are facing the situation, and the results prove it.”

The airline is expected to release its quarterly results on July 22nd before the market opens.

Milwaukee mayor proposes find out how to spend American Rescue Plan cash

Milwaukee Mayor Tom Barrett announced on Sunday a plan to use approximately $ 30 million in funds from the American Rescue Plan Act on housing initiatives.

The proposal requires the approval of the Joint Council and is expected to be adopted before the August break. Barrett said he expected to submit the plan to the council this week.

The money is part of $ 394.2 million in federal funds raised by the city from the American rescue plan law.

Barrett said he wanted to prioritize housing investments in his first plan for the funds.

“I consider housing construction to be one of the most pressing problems the City of Milwaukee is currently facing,” he said at a press conference.

Barrett also considered early childhood education, exemption from residence, internet access, and more to his priorities for the funds of the American rescue plan. Proposals to spend the rest of the money will be made soon, he said.

“This is the first part of my multi-year approach, and there are clearly other needs that we have,” said Barrett. “And part of that is balance.”

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Housing investments are critical as foreclosures are a “fourfold hit” for Milwaukee, he said.

Along with families losing a place to live, vacant houses have a knock-on effect on the surrounding community: the city does not levy property taxes on the houses, property values ​​nearby fall, and more city resources must be used to monitor the houses.

In addition to several measures, the proposal provides for US $ 3 million to flow to the city Compliance Loan Program, which enables qualified homeowners to obtain interest-free deferred loans for repairs required to fix code violations.

Westley Jackson Jr., who has owned a house in Milwaukee’s Uptown neighborhood since 1994, received a program loan last year to fix his leaky roof. Barrett held the press conference outside Jackson’s house on Sunday.

Jackson, who is retired and receiving Social Security checks, couldn’t afford to fix the roof himself. He was grateful for the program that enables homeowners to repay their loans on the sale or transfer of the property.

“It’s been a blessing to me,” said Jackson.

Most of the $ 30 million would go to the Westlawn Choice Neighborhood Initiative, a Federally funded project from 2015 the additional funding needed to be completed.

Barrett proposes allocating $ 15 million to the project, the majority of which will be used to fund 326 affordable mixed-income housing units.

The Westlawn project aims to replace a “distressed” public housing development along Silver Spring Drive and to build additional rental apartments and houses at market prices.

About $ 2 million of the proposal would be used to cover remaining infrastructure costs for the Westlawn project, such as new paved roads, alleys, and water and sewer systems. The infrastructure work there is about 80% complete, according to Barrett’s office.

Barrett’s proposal also includes:

  • $ 5 million to help low-income residents fund energy-efficient retrofits to their homes such as improving insulation and HVAC systems, which in turn reduces their energy bills.
  • $ 2 million for three low-income residential projects currently being developed to address pandemic-related economic challenges such as shipping delays, supply bottlenecks and rising material costs.
  • $ 1.8 million in support of a right-to-right program that provides a free lawyer for eligible Milwaukee County residents at risk of eviction. It would also aim to reduce “unscrupulous landlord practices” and unnecessary evictions. The city would cooperate with the Legal Aid Society, among others.
  • $ 1.2 million Expansion of homebuyer and foreclosure advisory programs, funding of six new positions for three years. The counselors provide pre and post home purchase assistance, as well as help with mortgage and foreclosures.
  • $ 1.2 million to fund two-person teams cleaning, repairing, and dismantling the residue of empty Milwaukee Housing Authority homes – to create more housing for people waiting for services. Approximately 92% of the units are currently occupied, and city officials estimate that the additional staff would increase the occupancy to 98% or more.
  • $ 1.2 million towards the Resource center for rental apartments, an organization that provides landlords and tenants with advice and assistance.

The city received half of the $ 394 million and will receive the second half in 10 months, Barrett said. The money has to be spent in about four years.

“This gives us an opportunity to address the very serious problems we have here in Milwaukee,” he said.

More:Milwaukee receives $ 400 million in federal funding. One plan would spend $ 150 million to create over 1,000 affordable housing units.

More:The future of public housing in Milwaukee is vouchers, not buildings – and that could improve housing security

Contact Sophie Carson at (414) 223-5512 or scarson@gannett.com. Follow her on Twitter below @SCarson_News.