March 28, 2024
“Boeing’s BA -0.05%decrease; red down pointing triangle biggest U.S. customers are taking their frustrations directly to its board of directors. A group of airline chiefs recently requested a meeting with Boeing’s board to express concern over the Alaska Airlines accident and production problems… Continue Reading…
March 27, 2024
“…The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out… Continue Reading…
October 12, 2023
“Delta Air Lines’ profit rose nearly 60% in the third quarter as strong travel demand continued through the summer, particularly for international trips, though the carrier forecast full-year earnings toward the low end of an earlier estimate after a jump in fuel prices. In… Continue Reading…
June 5, 2020
“American Airlines jumped as much as 36%, adding to a record 41% gain on Thursday after an executive touted a bullish outlook for consumers returning to the skies. Its five-day winning streak is on track to be the longest since… Continue Reading…
June 3, 2020
“…Transportation stocks — airlines, railroads, truckers and shippers — are a proverbial canary in acoal mine. The Dow Jones Transportation Average (DJT) is often looked at by experts as a good indicatorfor the state of the economy and broader market. And it’s outperforming… Continue Reading…
May 26, 2020
“Shares of airline companies surged in premarket trading Tuesday, amid growing optimism that air travel will resume shortly. The U.S. Global Jets ETF JETS, 9.49% shot up 8.0%, outpacing the gain in futures ES00, 1.92% for the S&P 500 SPX, 1.90%, which rose 1.9%. Among the more active airline… Continue Reading…
March 5, 2020
“Airlines could lose $63 billion to $113 billion in revenue for passenger traffic globally in 2020, depending on how the coronavirus spreads, International Air Transport Association (IATA) said on Thursday. The last time the industry faced a revenue shock of… Continue Reading…
January 10, 2020
“Boeing stock traded as much as 3% higher on Thursday after reports that an Iranian missile most likely downed Ukraine International Airlines Flight 752 early Wednesday, challenging the theory that a technical issue caused the crash…” https://markets.businessinsider.com/news/stocks/boeing-stock-price-reports-missile-tech-error-plane-crash-iran-2020-1-1028807374
January 1, 2020
“Mr. Papariella’s clients often look to buy used jets, some decades old, that still perform at a high level but cost less up front, he said. A Gulfstream G4 from 2002 might cost $3 million — far better than $60… Continue Reading…
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