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American Airlines, Exxon, Ebby Halliday, Six Flags: Thursday's D-FW business news

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Thu, Oct 25, 2018 06:23 PM

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October 25,  2018 🔎 Prefer the online view? It's . Follow us on Twitter . An American A

October 25,  2018 🔎 Prefer the online view? It's [here](. Follow us on Twitter [@DMNBiz](. An American Airlines jet waits at the gate while between flights at Terminal D at DFW International Airport on May 30, 2017. (Andy Jacobsohn/The Dallas Morning News) The Big Story American Airlines sees clearer skies ahead after turbulent 2018 American Airlines is casting a hopeful eye toward 2019 after an up-and-down year that’s seen stock prices fall 42 percent amid operational challenges, commercial missteps and rising fuel prices, company executives told investors Thursday. “The declining earnings has been met with a declining stock price, which neither we nor our investors are happy about,” CEO Doug Parker said after American reported a nearly 50 percent drop in profits in the third quarter. “The good news is we’re extremely bullish on the future of american and for good reason.” Like other airlines, American is dealing with surging fuel prices that added more than $750 million to its expenses last quarter. But [the Fort Worth-based carrier lagged its main rivals Delta and United in being able to recoup those additional costs through higher fares](. Advertisement The Latest New CEO takes wheel at D-FW Ebby Halliday Realtors The Ebby Halliday Cos. says that [Chris Kelly will now head the 73-year-old Farmers Branch-based firm](. Six Flags releases Q3 results at 11 p.m. [The shares sank 16 percent at Wednesday's close](, their biggest intraday drop ever. Six Flags is now trading at $53.30 — the lowest in 13 months. Robotics firm brings U.S. HQ to Las Colinas [OnRobot]( plans to use the new Irving office for training, demonstrations and sales meetings. Lawsuit: Emails show what Exxon's Rex Tillerson knew [The accusation made Wednesday]( by state Attorney General Barbara Underwood focuses on forecasts the Irving, Texas-based company made. Judge halts Grapevine plan to stop Airbnb-style rentals [Tarrant County Judge Kimberly Fitzpatrick]( signed the restraining order and set next week's hearing, temporarily preventing the law from taking effect. Elsewhere in Texas - Houston: [San Antonio’s Frost Bank]( plans a major Houston expansion. (Houston Chronicle) - Austin: Water woes are hitting [craft brewers](. (Austin Business Journal) - San Antonio: [Valero’s profits]( tick up in third quarter. (San Antonio Express-News) - Lubbock: [New plastics manufacturing business](, coding program are coming to Lubbock. (Lubbock Avalanche-Journal) - Austin: [Austin ranks near top of new study]( of best places for tech workers. (Austin Business Journal) Famous short trader Marc Cohodes spoke at the 12th annual GIBI Investment Symposium at the Winspear Opera House on Tuesday. (Simon Luna) Featured columnist: CHeryl Hall Famed short seller tells Dallas investors where they shouldn't put their money [Marc Cohodes didn’t come to Dallas to mince words.]( In short order, the legendary 58-year-old short seller who’s been vilified as the “scourge of Wall Street” attacked three companies and placed one on a pedestal Tuesday at the 12th annual GIBI Investment Symposium. Far from seeing himself as corporate pariah, the former managing partner of the Copper River Management hedge fund believes he’s holding back barbarians at the gate. “I don’t even know what scourge means,” Cohodes said before his talk. “I’m a truth-to-power person. I can’t stand it when companies rip off people, rip off governments or do bad things.” Follow DFW stocks: [See how top North Texas stocks performed](, as well as the oil and gas markets and major stock exchanges. DFW Top 100 Places to Work 2017: The Dallas Morning News and Workplace Dynamics partner each year to feature the [Top 100 workplaces](, based on ratings by the people who work at them.  Do you have feedback on this newsletter? Send your thoughts, questions, praise and corrections to our Business Editor Paul O'Donnell at [podonnell@dallasnews.com](mailto:podonnell@dallasnews.com?subject=Newsletter%20Feedback). STAY CONNECTED WITH US  [Facebook]( [Instagram]( [Twitter]( [LinkedIn]( [Reddit](  [OTHER NEWSLETTERS]( [SUBSCRIPTION OPTIONS]( [Unsubscribe](  |  [Manage Preferences](  |  [Privacy Policy](  |  [Contact](  |  [Advertise]( You received this message because you signed up for this Dallas Morning News newsletter or it was forwarded to you. Copyright 2018 - [The Dallas Morning News]( | [1954 Commerce St., Dallas, TX 75201](#)

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