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14.01.25 - 18:48
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American Airlines Mismanaged Employees′ Retirement Funds By Investing In ESG, Court Rules (ZeroHedge)
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American Airlines Mismanaged Employees' Retirement Funds By Investing In ESG, Court Rules
Authored by Naveen Athrappully via The Epoch Times (emphasis ours),
A district court has ruled that American Airlines failed to prioritize the financial interests of its employees' retirement funds by enabling fund managers to pursue environmental, social, and governance (ESG) investments.
An American Airlines passenger plane is parked at a gate at Philadelphia International Airport in Philadelphia on Dec. 13, 2024. Photo by Daniel SLIM / AFP
The judgment came as part of a 2023 lawsuit filed against American Airlines and the company's Employee Benefits Committee. The class action alleges that the defendants violated their duty of loyalty under the Employee Retirement Income Security Act, which requires that fiduciaries managing retirement investments must act in the best financial interest of the participants.
Defendants are alleged to have mismanaged their employee's retirement assets—401(k) plans?...
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13.01.25 - 09:01
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Finnair expands cooperation with American Airlines – ensures smoother connections to several destinations in Mexico (Cision)
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Finnair and the US airline, American Airlines, start a codeshare cooperation in January to 12 Mexican destinations. The cooperation includes American Airlines' flights from its Dallas-Fort Worth hub to Guanajuato, Monterrey, Ixtapa-Zihuatanejo, Cancún, Cozumel, Guadalajara, Mexico City, Mérida, Oaxaca, Puerto Vallarta, Querétaro and San José del Cabo airports.
Dallas-Fort Worth is the home hub for American Airlines, and an important destination for Finnair. Finnair flies to Dallas-Fort Worth airport up to daily this winter, and for summer 2025 capacity will be further increased to up to...
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13.01.25 - 08:00
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Checkin.com Group has signed an agreement with major North American airline group (Cision)
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Checkin.com Group (STO:CHECK) has today signed an agreement with a major North American airline group, Canadian WestJet Group. The airline group, which was founded in 1994, is one of the top ten airlines in North America in terms of number of passengers. WestJet will identify travellers using Checkin.com Group's software, utilizing methods such as biometric face recognition.
“That we now succeed in bringing in another major airline group as a customer is a sign of the strength of our offering. Hopefully this agreement is a first step towards getting more close collaborations as the one we...
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11.01.25 - 18:36
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Judge: American Airlines′ ESG-Tainted 401k Breaches Fiduciary Duty To Workers (ZeroHedge)
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Judge: American Airlines' ESG-Tainted 401k Breaches Fiduciary Duty To Workers
In a major, first-of-its-kind milestone along ESG's relentless march to its grave, a federal court has ruled that American Airlines breached its duty to employees by tapping ESG-addled BlackRock to manage part of its 401(k) plan.
"The facts here compellingly established fiduciary misconduct in the form of conflicts of interest and the failure to loyally act solely in the Plan's best financial interests," wrote US District Judge Reed O'Connor in a ruling that followed a four-day bench trial in June 2024. That duty of loyalty is imposed by the Employee Retirement Income Security Act (ERISA).
The ruling is certain to set off alarms in general counsel offices and boardrooms across America. For starters, 401(k) plans at 60% of Fortune 100 employers contain BlackRock investments, and BlackRock manages a huge chunk of the federal government's Thrift Savings Plan. Of course, BlackRock isn't the only a...
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10.01.25 - 17:30
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Should Value Investors Buy American Airlines (AAL) Stock? (Zacks)
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks....
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09.01.25 - 14:01
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American Airlines Aktie: Upgrade (Aktiencheck)
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Toronto (www.aktiencheck.de) - Rating-Update:
Die Analysten von TD Securities stufen die Aktie von American Airlines Inc. (ISIN: US02376R1023, WKN: A1W97M, Ticker-Symbol: A1G, NASDAQ-Symbol: AAL) von "hold" auf "buy" hoch. Das Kursziel werde von 17,00 auf 25,00 USD verbessert. (Update vom 06.01.2025)
Bitte beachten Sie auch Informationen zur Offenlegungspflicht bei Interessenskonflikten im Sinne der Richtlinie 2014/57/EU und entsprechender Verordnungen der EU unter folgendem Link. [mehr]...
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