Thousands of pilots were able to schedule breaks December 17-31, leaving flights scheduled to depart from American's most bustling hubs pilotless, including airports in New York City, Miami, Dallas and Chicago. "We have more reserve pilots on hand in December than [in] normal months and they provide us with the ability to fly numerous trips that are now uncovered", American said in its initial statement on Thursday.
Oil prices were down heading into today's data and heading into this week's meeting, with WTI down $.015 (-0.26 percent) at $57.96 at 2:00pm EST, and Brent crude down $0.19 (-0.30 percent) at $63.19. Refinery utilization rates rose by 1.3 percentage points. Oil futures rose on Wednesday as US crude stockpiles fell last week, countering doubts about Russia's willingness to extend substantially a deal among exporters to curb output.
The House version of the tax plan contained a provision to tax graduate student tuition waivers, which might cause some students to see a 300-400 percent increase in their taxes. Each is a de facto tax increase on American students and their families, makes the already hard task of affording college even more so, and closes the door to many for whom a college education is a doorway to a successful future.
However, the union says American's proposal would be in violation of the group's overtime rules. American Airlines' response did not include comment on the exact dates and number of flights affected by the current situation. CNBC says it's not clear right now how pilots will be assigned to the flights or if any of them will be canceled, but the union says American's plan to do so violated union contracts.
The multichannel shopper spent $82 more on average than those who only shopped online. A survey carried out by the National Retail Foundation found that the average shopper had a sizeable haul, spending an average of $442 (approx.) over the five day period.
A profile of the first lady at Vanity Fair quotes two insiders who say that Melania gave Donald Trump an ultimatum of sorts: Either run for the presidency or stop brooding about it. She took months before moving to Washington from the Trump Tower penthouse she shared with her husband. Oh, and everything else, too. Of course, Melania is known for her stoic demeanor and maybe standing in the White House entryway, stone-faced with her arms at her side, was all part of her scheduled ...