September 30, 2024
“…Southwest said its three-year plan will add $4 billion to earnings before interest and taxes in 2027. The airline also raised its third-quarter revenue forecast and said its board authorized $2.5 billion in share buybacks. Southwest said it expects unit revenue to… Continue Reading…
June 11, 2024
“The labor union that represents American Airlines flight attendants on Wednesday rejected a company proposal to immediately raise pay by 17%. CEO Robert Isom offered flight attendants immediate 17% wage increases earlier Wednesday as contract talks continue without a deal, bringing the… Continue Reading…
May 15, 2024
“Several major US airlines and their lobbying group sued the US Transportation Department over new regulations mandating up-front disclosure of certain fees, in a fight over rules the agency says could mean big savings for travelers… The final rules, unveiled last month,… Continue Reading…
April 22, 2024
“United Airlines shares surged more than 17% Wednesday to a seven-month high after the carrier forecast second-quarter earnings well ahead of Wall Street estimates despite ongoing delivery delays from Boeing. The airline expects to post earnings of between $3.75 and $4.25… Continue Reading…
December 4, 2023
“Alaska Air Group has agreed to buy rival Hawaiian Airlines in a $1.9 billion deal, setting up another potential regulatory battle in the second proposed airline merger in less than two years. Alaska would pay $18 a share for Hawaiian and would take… Continue Reading…
December 7, 2020
“Millennials are down 50% or more on three of their most popular 100 stocks, which they also were big holders of coming into the year. The big losers they’ve ridden down this year include industrial American Airlines (AAL), financial Wells Fargo (WFC) and energy Exxon… Continue Reading…
October 14, 2020
“Ferrari NV (RACE)… Overall, Ferrari stock has a Moderate Buy rating from the analyst consensus, with 11 reviews breaking down to 9 Buys, 1 Hold, and 1 Sell. The shares are selling for $184.48, and their $210.03 average price target suggests… Continue Reading…
August 25, 2020
“American Airlines Group Inc. will cut 19,000 workers once federal payroll aid expires as scheduled on Oct. 1, capping a 30% workforce reduction since the coronavirus pandemic began to torpedo travel demand. About 17,500 employees will be furloughed, meaning they… Continue Reading…
July 22, 2020
“Typically, when a public company reports earnings, it highlights a positive in its release, no matter how much money it lost in the previous three months. But on Tuesday, United Airlines did not spin, telling investors it recently completed “the… Continue Reading…
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