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Business, Economy

“U.S. Airline Stocks Rally Ahead of a Pickup in Summer Travel”

“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…

Stocks

“Airline stocks soar on signs of travel resumption, recovery hopes”

“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…

Business, Economy

“Airlines are on the brink of bankruptcy — what happens to your voucher, travel miles and airline credit card if they go belly up?”

“Carriers’ stocks have tanked in response. Warren Buffett recently revealed that Berkshire BRK.A, -1.37% had sold off all of its holdings in the airline sector, including stock in Delta DAL, -6.99%, American Airlines AAL, -6.94% and Southwest LUV, -5.76%. Boeing BA, -3.21% Chief Executive David Calhoun suggested that a major airline will “most likely” go under… Continue Reading…

Economy

“23 million American jobs in immediate danger from the coronavirus crisis”

“Some 23 million jobs may be in immediate danger from the massive disruptions to the U.S. economy from the coronavirus epidemic. Americans who work in retail, airlines, travel agencies, restaurants, hotels and entertainment are the most vulnerable, according to a new… Continue Reading…

Business, Economy

“Airlines could lose up to $113 billion in passenger revenue…”

“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…

Economy

“5 parts of the economy most at risk from coronavirus”

“Financial markets U.S. stocks have suffered their worst week since the depths of the 2007-08 financial crisis as investors flee for safety. All three major U.S. stock indexes have dropped at least 10 percent from their most recent peaks, abruptly… Continue Reading…

Uncategorized

“Travel Tips to Visit Europe: The (Only) Guide You Need”

“Whether you’re a budget traveler or not, traveling solo or with friends, these travel tips for a trip to Europe will help you make the most of this experience. Obviously, I recommend that you read everything, BUT if your looking… Continue Reading…

Stocks

“Uber stock hits a new low as lockup period ends”

“Uber shares hit a record low of $25.58 when the market opened Wednesday after hitting a previous low of $27.97 on Tuesday. Shares bounced back to nearly $27 per share, or 40% lower than its IPO price of $45…” https://www.cnn.com/2019/11/06/tech/uber-stock-lockup/index.html