American Airlines Group Inc. sold take-off and landing rights at Reagan National Airport and LaGuardia Airport for more than $425 million as part of its settlement of a government antitrust lawsuit last year.
Virgin America Inc., the discount carrier partly owned by U.K. billionaire Richard Branson, wants to step up competition with American Airlines Group Inc. and Southwest Airlines Co. on their home turf in Texas.
An El Nino watch has been issued by the U.S. Climate Prediction Center, warning of the possible development of the weather-altering event that can bring rain to California and South America and raise winter temperatures in the U.S. Northeast and Midwest.
Southwest Airlines Co., which acquired most of the flying rights sold by American Airlines Group Inc. at Washington’s Reagan National Airport, said it will return one pair of the slots that it received for free and didn’t plan to use.