American Airlines Group Inc.
No SEC Form 4 filings for $AAL in the last 30 days.
Livemint reports Air India plans to cut domestic flights by about 22% due to high fuel prices, while international flights are expected to fall by about 27%. The report links the schedule changes to rising operating costs, which could affect capacity and near-term earnings for the airline.
American Airlines said it will equip more than 500 narrow-body aircraft, including Airbus A321neo planes, with SpaceX’s Starlink satellite internet starting early next year, according to the company. It said the service is aimed at streaming and real-time connectivity. Shares rose 7.18% to $14.84 Tuesday. American said it has no immediate plan to replace Wi-Fi providers on its Boeing fleet, CNBC reported.
Berkshire Hathaway reported changes from Greg Abel’s first quarter as CEO. According to the article, the top 10 equity holdings were largely steady, with an expanded Alphabet stake and a reduced Chevron position. Berkshire sold 16 small positions entirely (each under 1% of the portfolio) and exited or trimmed several holdings, including Visa, Mastercard, Pool Corp., UnitedHealth, Domino’s, and most of Constellation Brands. The company’s cash rose to a record $397 billion.
