Blizzard Warning in NYC: Airlines Waive Fees Ahead of Storm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Blizzard Warning Issued: The National Weather Service has issued a blizzard warning for the New York City area on Sunday, forecasting severe winter weather that could bring over a foot of snow and winds up to 55 mph, potentially leading to widespread travel disruptions across the region.
- Airlines Waive Fees: Major U.S. airlines, including Delta, American, and JetBlue, have waived change and cancellation fees ahead of the storm, allowing passengers to rebook flights without penalties until February 26, demonstrating their responsiveness to customer needs during adverse weather conditions.
- Estimated Economic Losses: American Airlines projected a revenue loss between $150 million and $200 million due to travel disruptions caused by January's winter storm, highlighting the financial impact of severe weather on airline operations and increasing tensions between frontline employees and management.
- Flight Cancellation Status: As of 11:30 a.m. ET Saturday, flight cancellations across the U.S. remained minimal despite the impending storm, indicating the airlines' preparedness and adaptability in managing operations during severe weather, with impacts expected to last through much of Monday.
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Analyst Views on DAL
Wall Street analysts forecast DAL stock price to rise
18 Analyst Rating
18 Buy
0 Hold
0 Sell
Strong Buy
Current: 67.440
Low
77.00
Averages
83.50
High
90.00
Current: 67.440
Low
77.00
Averages
83.50
High
90.00
About DAL
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The Company has hubs and markets in Amsterdam, Atlanta, Bogota, Boston, Detroit, Lima, London-Heathrow, Los Angeles, Mexico City, Minneapolis-St. Paul, New York-JFK and LaGuardia, Paris-Charles de Gaulle, Salt Lake City, Santiago (Chile), Sao Paulo, Seattle, Seoul-Incheon, and Tokyo. Its segments include Airline and Refinery. Its airline segment is managed as a single business unit that provides scheduled air transportation for passengers and cargo throughout the United States and around the world and includes its loyalty program, as well as other ancillary businesses. Its refinery segment operates for the benefit of the airline segment by providing jet fuel to the airline segment from its own production and through jet fuel obtained through agreements with third parties. The refinery's production consists of jet fuel as well as non-jet fuel products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
US Airlines Waive Fees Amid Winter Storm Disruptions
- Flight Cancellations and Delays: Major airlines including Delta, American, JetBlue, United, and Spirit are facing significant disruptions due to an impending winter storm expected to bring 13 to 18 inches of snow to the Eastern U.S., potentially leading to widespread flight cancellations and delays.
- Fee Waiver Policies: Airlines have waived cancellation and change fees for passengers traveling before February 26, with Southwest allowing rebooking without fare differences within two weeks, aiming to alleviate passenger inconveniences caused by the severe weather.
- Estimated Economic Losses: American Airlines projected a revenue loss between $150 million and $200 million due to travel disruptions from the winter storm, highlighting the financial impact on the airline and increasing tensions between employees and management amid recovery challenges.
- Employee Struggles Intensified: The storm has left some American Airlines crew members stranded at airports, facing accommodation issues, which has heightened tensions between frontline staff and CEO Robert Isom, illustrating the management challenges airlines face during extreme weather events.
See More
Blizzard Warning in NYC: Airlines Waive Fees Ahead of Storm
- Blizzard Warning Issued: The National Weather Service has issued a blizzard warning for the New York City area on Sunday, forecasting severe winter weather that could bring over a foot of snow and winds up to 55 mph, potentially leading to widespread travel disruptions across the region.
- Airlines Waive Fees: Major U.S. airlines, including Delta, American, and JetBlue, have waived change and cancellation fees ahead of the storm, allowing passengers to rebook flights without penalties until February 26, demonstrating their responsiveness to customer needs during adverse weather conditions.
- Estimated Economic Losses: American Airlines projected a revenue loss between $150 million and $200 million due to travel disruptions caused by January's winter storm, highlighting the financial impact of severe weather on airline operations and increasing tensions between frontline employees and management.
- Flight Cancellation Status: As of 11:30 a.m. ET Saturday, flight cancellations across the U.S. remained minimal despite the impending storm, indicating the airlines' preparedness and adaptability in managing operations during severe weather, with impacts expected to last through much of Monday.
See More
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- Premium Customer Benefits: Cardholders will receive a 10% discount on every United award flight booked, while non-cardholders will no longer earn any miles when booking basic economy, intensifying the airline's appeal to premium customers.
- Industry Trend Reflection: This shift in the airline industry aligns with broader economic trends, showcasing the bifurcation of consumer habits, as United's Chief Commercial Officer emphasizes that loyal customers deserve the best benefits in the industry.
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- Earnings Pressure: American Airlines targets adjusted earnings per share of $1.70 to $2.70 for fiscal 2026; despite posting record revenue last quarter, it missed earnings expectations, leaving less room for error as fuel costs continue to rise.
- Sector-Wide Pressure: With crude oil prices hovering near six-month highs, airline stocks faced broad selloffs, as competitors Delta Air Lines and United Airlines also saw declines of 5.16% and 5.88%, respectively, highlighting the cost challenges and cautious market sentiment affecting the entire industry.
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See More
US Airlines Waive Fees Amid Winter Storm Disruptions
- Flight Cancellations and Delays: Major airlines including Delta, American, JetBlue, United, and Spirit are facing significant disruptions due to an impending winter storm expected to bring 13 to 18 inches of snow to the Eastern U.S., potentially leading to widespread flight cancellations and delays.
- Fee Waiver Policies: Airlines have waived cancellation and change fees for passengers traveling before February 26, with Southwest allowing rebooking without fare differences within two weeks, aiming to alleviate passenger inconveniences caused by the severe weather.
- Estimated Economic Losses: American Airlines projected a revenue loss between $150 million and $200 million due to travel disruptions from the winter storm, highlighting the financial impact on the airline and increasing tensions between employees and management amid recovery challenges.
- Employee Struggles Intensified: The storm has left some American Airlines crew members stranded at airports, facing accommodation issues, which has heightened tensions between frontline staff and CEO Robert Isom, illustrating the management challenges airlines face during extreme weather events.
See More
Blizzard Warning in NYC: Airlines Waive Fees Ahead of Storm
- Blizzard Warning Issued: The National Weather Service has issued a blizzard warning for the New York City area on Sunday, forecasting severe winter weather that could bring over a foot of snow and winds up to 55 mph, potentially leading to widespread travel disruptions across the region.
- Airlines Waive Fees: Major U.S. airlines, including Delta, American, and JetBlue, have waived change and cancellation fees ahead of the storm, allowing passengers to rebook flights without penalties until February 26, demonstrating their responsiveness to customer needs during adverse weather conditions.
- Estimated Economic Losses: American Airlines projected a revenue loss between $150 million and $200 million due to travel disruptions caused by January's winter storm, highlighting the financial impact of severe weather on airline operations and increasing tensions between frontline employees and management.
- Flight Cancellation Status: As of 11:30 a.m. ET Saturday, flight cancellations across the U.S. remained minimal despite the impending storm, indicating the airlines' preparedness and adaptability in managing operations during severe weather, with impacts expected to last through much of Monday.
See More
United Airlines Revamps Rewards Program to Attract Credit Card Customers
- Program Overhaul: United Airlines is reforming its rewards program to attract credit card customers, a move that may upset some as non-cardholders will lose certain mileage accrual opportunities.
- Mileage Earning Restrictions: Under the new policy, MileagePlus members without a United credit card will earn fewer miles on United flights, highlighting the airline's focus on credit card relationships.
- Premium Customer Benefits: Cardholders will receive a 10% discount on every United award flight booked, while non-cardholders will no longer earn any miles when booking basic economy, intensifying the airline's appeal to premium customers.
- Industry Trend Reflection: This shift in the airline industry aligns with broader economic trends, showcasing the bifurcation of consumer habits, as United's Chief Commercial Officer emphasizes that loyal customers deserve the best benefits in the industry.
See More
American Airlines Shares Drop 5.32% Amid Oil Price Pressures
- Stock Price Decline: American Airlines Group (AAL) closed at $13.35 on Thursday, down 5.32%, reflecting pressure on airline margins due to rising crude oil prices, with investors closely monitoring the upcoming 10-K filing and a safety-related vote.
- Surge in Trading Volume: The company saw a trading volume of 63.5 million shares, nearly 15% above its three-month average of 55.3 million shares, indicating heightened market attention to its stock volatility, likely linked to investor concerns about future performance.
- Earnings Pressure: American Airlines targets adjusted earnings per share of $1.70 to $2.70 for fiscal 2026; despite posting record revenue last quarter, it missed earnings expectations, leaving less room for error as fuel costs continue to rise.
- Sector-Wide Pressure: With crude oil prices hovering near six-month highs, airline stocks faced broad selloffs, as competitors Delta Air Lines and United Airlines also saw declines of 5.16% and 5.88%, respectively, highlighting the cost challenges and cautious market sentiment affecting the entire industry.
See More
High Options Trading Volume for Spotify and Delta Air Lines
- Spotify Options Volume: Spotify's options trading reached 17,324 contracts, equivalent to approximately 1.7 million shares, representing about 42% of its average daily trading volume of 4.1 million shares over the past month, indicating strong market interest in its future performance.
- High Put Option Activity: Within Spotify, the $420 strike put option is particularly active, with 2,067 contracts traded today, representing around 206,700 underlying shares, reflecting investor expectations of potential price declines.
- Delta Air Lines Options Volume: Delta Air Lines saw options trading of 34,605 contracts, equivalent to approximately 3.5 million shares, or about 41.8% of its average daily trading volume of 8.3 million shares over the past month, suggesting sustained trading interest in its stock.
- Active Put Option Trading: For Delta, the $67.50 strike put option has seen 3,880 contracts traded, involving approximately 388,000 shares, indicating investor focus on potential stock price fluctuations.
See More
Hedge Funds Reveal Q4 Portfolios and Investment Trends
- Shifting Investment Trends: The latest 13F filings reveal that the world's largest hedge funds are gradually exiting trades that performed well last year, pivoting towards hard assets, indicating a strategic adjustment in response to market uncertainties and inflation concerns.
- Gold and Oil Investments: Bridgewater has significantly increased its holdings in gold mining stocks as gold prices surpass $5,000 and oil prices rise above $65, highlighting hedge funds' focus on inflation risks and preference for traditional safe-haven assets.
- Fed Policy Expectations: Minutes from the Fed's meeting indicate increased discussions among officials about potential rate hikes, with markets pricing in a 93% chance of holding rates in March, which has led to more capital flowing into inflation hedge trades, reflecting cautious market sentiment regarding future economic conditions.
- Portfolio Diversification: Major investment funds are reducing their concentration in mega-cap tech stocks, suggesting that market participants are reassessing their portfolios to navigate potential economic volatility and policy shifts effectively.
See More
