'Prepare for a bloodbath' in the airline industry: Panel

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Southwest Airlines,Boyd Group International President Mike Boyd,George Ferguson

American Airlines (AAL) and Southwest Airlines (LUV) shares were initially under pressure in Thursday's pre-market hours after reporting earnings, both...

) shares were initially under pressure in Thursday's pre-market hours after reporting earnings, both seeing a bump higher at the start of regular trading hours. American and Southwest signaled margin headwinds tied to airfare prices and capacity pressures.

Let's begin with you and just your, your big picture overview of the results that we're getting in this morning.What we're missing here despite the dog roll put up by American Airlines.And now we have a very desperate ULCC sector which used to be somewhat separate. So I think it's going to be, it's going to be a rough year for the airlines rougher than I thought Mike when it comes to what airlines need to do or can do in order to change the narrative and really shift some of the weakness or eliminate some of that weakness.

So, I mean, for example, frontier going into in a big way into Charlotte, American owned Charlotte, be simple absolute that you can't stimulate new market going to Buffalo out of Charlotte. Today, the federal government announced more than $41 million in contributions and low-cost loans through the Affordable Housing Fund to help build and repair 3,304 affordable homes in Ottawa and Eastern Ontario.The 84-year-old Australian actor, who famously played James Bond in 1969's On Her Majesty's Secret Service announced on X/Twitter that he was withdrawing from the public eye to spend time with his family.

 

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