Even before Monday's stock market rout, airline shares were having a bad year. Among major carriers, American was having the worst year of all, while United was gaining support from a leading market strategist who now views the Chicago-based carrier as the industry leader.

United Airlines and the Teamsters National Negotiating Committee began collective bargaining for a new contract covering 10,000 aviation maintenance and related workers in the U.S., the union said on Tuesday.

BOSTON--(BUSINESS WIRE)--Merlin, the leading developer of safe, autonomous flight technology for fixed-wing aircraft, today announced that together with its partner, global aerospace and defense leader SNC, it recently conducted the first three test flights in Merlin's ongoing KC-135 Stratotanker test program at the Pittsburgh Air National Guard Base. Starting July 22, Merlin and SNC were granted a temporary military flight release by the United States Air Force (USAF). The team conducted real-.

The US economy added 114,000 jobs in July 2024, well below a downwardly revised 179,000 in June and forecasts of 175,000.

Airlines stocks and the broader industry were rocked back on July 19 by the CrowdStrike (NASDAQ: CRWD ) outage that brought computer systems across the world to a grinding halt. For one, this outage underscored just how reliant the world's transportation systems are on a single company's cybersecurity systems.

For the past few weeks, the CrowdStrike (NASDAQ: CRWD ) outage dominated the headlines. So, what exactly happened with the CrowdStrike outage?

U.S. airlines are cutting their growth plans for the second half of the year. Over the last week, airlines shaved a point of capacity off their growth plans for the fourth quarter, according to Deutsche Bank.

The Labor Department is reviewing United Airlines' leave policies after the carrier implemented stricter measures to crack down on employees abusing sick time.

The Department of Labor announced its looking into United Airlines' new policy that's aimed at combating employees who are abusing the company's sick leave.

Earnings season for this year's second quarter is getting into full-swing. As is almost always the case, the quarterly financial results have been a mixed bag.

United Airlines stock (NASDAQ: UAL) recently reported its Q2 results, with revenues slightly below and earnings above our estimates. The company reported revenue of $14.99 billion and adjusted earnings of $4.14 per share, compared to our estimates of $15.15 billion and $3.99, respectively.

There are multiple reasons why the overall airline market has been bearish lately. This includes the large influx of negative incidents related to Boeing (NYSE: BA ).