Flight Delays Continue Across US After System Outage Halts Takeoffs, Affects 20% Of Flight Activity — How Are Airline Stocks Reacting?
A system outage from the Federal Aviation Administration travel Wednesday as thousands of flights in the U.S. were delayed or canceled.
President Joe Biden said in a press conference that the root cause for the outage was still unknown.
FAA Technology Glitch Hits US Flights Operations, Travel Delays Expected Throughout Day
More than 1,200 U.S. flights were delayed Wednesday morning after the Federal Aviation Administration (FAA) witnessed an outage of the system that sends messages to pilots.
Barclays Maintains Overweight on Southwest Airlines, Lowers Price Target to $42
Barclays analyst Brandon Oglenski maintains Southwest Airlines (NYSE:LUV) with a Overweight and lowers the price target from $48 to $42.