Shares of United Airlines (UAL) are cruising higher after a solid first-quarter performance in which the airliner had to overcome a myriad of adversities. The stock is up 13% so far today after delivering a better-than-expected top and bottom line. Revenue of $12.54 billion represented a nearly 10% growth year over year and narrowly [...]
Delta Air Lines (DAL) delivered first-quarter earnings that came in above what analysts were expecting thanks to strong travel demand for the quarter. Better yet for shareholders, the airliner expects this trend to continue into the quarters ahead. The company brought in revenue of $12.6 billion, a record for the first quarter, compared to [...]
Southwest Airlines (LUV) is down more than 19% in the past week as it is feeling the effects of Boeing’s ongoing safety concerns after a panel blew out of a 737 MAX 9 jet earlier this year. The airliner says that it will have to rethink its capacity for 2024 amidst the turmoil as [...]
It’s been a tumultuous week for Spirit Airlines (SAVE) and its investors, as the stock plummeted more than 60% after a judge blocked a deal for the budget airliner to be acquired by competitor JetBlue Airways. It’s been rumored that the company could be headed toward bankruptcy. But, SAVE is turning things around to [...]
United Airlines (UAL) dropped more than 8% in Wednesday morning’s trading session after the company issued a grave profit warning along with its 3rd quarter earnings results. Adjusted earnings per share came in at $3.65 compared to the $3.35 analysts were looking for. Revenue narrowly outperformed the estimate at $14.48 billion compared to $14.44 [...]
The airline industry as a whole is being hit right now with a drop in travel demand and rising costs. One of the major players, Southwest (LUV), is feeling these effects and issued a warning about how they will affect operating costs and profitability. The airline company said that it’s seen a drop in [...]
by Leslie N. Masonson, MBA Delta Air Lines, Inc. (DAL), is a NYSE-listed firm founded in 1928 with headquarters in Atlanta. As one of the world’s largest airlines, it offers over 300 destinations with a workforce of 95,000, revenues of $51 billion, and a market cap of $28.7 billion. The firm provides global airline [...]
The airline industry as a whole has been struggling as of late, and American Airlines (AAL) is the latest company to fall victim to a lackluster forecast. Yesterday, the airline company released its first-quarter profit forecast that left analysts and the market as a whole underwhelmed. The carrier reset expectations for profit, with most [...]
Michael Burry made a name for himself profiting from the subprime mortgage crisis. Because of what he managed to do, many investors still track his trades and follow his moves themselves. And recently, Burry added 7 new positions to his portfolio at Scion Asset Management as he believes an economic downturn is all but [...]
Boeing and United Airlines were both in the headlines this Tuesday morning after striking a deal for the sale of 100 Boeing 787 Dreamliners. The deal also carries the option to purchase 100 more 787 Dreamliners at a later date. While delivery for these 100 aircraft won’t take place until sometime between 2024 and [...]
