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Zacks News
Southwest (LUV) to Begin Winter Services On Multiple Routes
by Zacks Equity Research
As leisure demand gradually picks up, Southwest (LUV) plans to start services on multiple routes, upon government approval.
Southwest Airlines (LUV) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Southwest Airlines (LUV) closed at $38.99, marking a +1.04% move from the previous day.
Stock Market News for Oct 7, 2020
by Zacks Equity Research
Benchmarks closed sharply lower on Tuesday after President Donald Trump said he would halt coronavirus stimulus negotiations until after the Presidential elections next month.
Southwest (LUV) Flight Attendants Object to Pay-Cut Proposal
by Zacks Equity Research
Southwest's (LUV) flight attendants reject pay-cut proposal to avoid furloughs; TWU local president says flight attendant concessions may not have much impact on Southwest's daily cash burn.
Should You Invest in the U.S. Global Jets ETF (JETS)?
by Zacks Equity Research
Sector ETF report for JETS
Airline Stock Roundup: UAL to Resume Shanghai Flights, Job-Cut Updates & More
by Maharathi Basu
United Airlines (UAL) aims to resume nonstop services to China shortly. Meanwhile,Spirit Airlines (SAVE) intends to restart flying to Cap-Haitien as leisure travel-demand improves.
Southwest (LUV) Proposes Worker Pay Cuts to Avert Furloughs
by Zacks Equity Research
Southwest (LUV) expects to be able to avoid layoffs or furloughs through the end of 2021. However, the airline may resort to furloughs if an agreement on reasonable pay cuts is not reached.
IATA's 2020 Traffic Forecast Deteriorates Due to Dull Summer
by Maharathi Basu
With traffic taking a massive hit, August global load factor of 58.5% touched an all-time low for the month.
Bear of the Day: Spirit Airlines, Inc. (SAVE)
by Benjamin Rains
The travel industry has been hit hard during the coronavirus and even though the airline industry's outlook is slowly improving, investors might want to wait for stronger signs of a comeback...
Southwest Airlines (LUV) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Southwest Airlines (LUV) closed at $37.93, marking a +1.15% move from the previous day.
American Airlines to Carry Out Furloughs As Planned on Oct 1
by Zacks Equity Research
American Airlines (AAL) is expected to go ahead with its plan to furlough 19,000 employees on Oct 1 even as talks for additional financial assistance are set to continue.
7 U.S. Carriers Choose Treasury Loans: More Federal Aid Ahead?
by Maharathi Basu
American Airlines (AAL) is currently eligible to borrow up to $5.5 billion from the government under the CARES Act.
Stock Market News for Sep 30, 2020
by Zacks Equity Research
Wall Street closed lower on Tuesday as investors remained concern about renewed spike in coronavirus infections in the United States and Europe.
Airline Stock Roundup: AAL Opts for Federal Loans, DAL Delays Pilot Furloughs
by Maharathi Basu
American Airlines' (AAL) share in federal loans increases. Meanwhile, JetBlue Airways (JBLU) aims to expand network as leisure-travel demand improves.
American Airlines Up on Treasury Loan Upper Limit Set to $5.5B
by Zacks Equity Research
American Airlines' (AAL) maximum share of federal loans rises 15.8% to $5.5 billion, currently, following the opt-outs by the likes of Delta from the scheme. The share may surge by a further $2 billion.
Southwest Airlines (LUV) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Southwest Airlines (LUV) closed at $37.10 in the latest trading session, marking a +0.65% move from the prior day.
United Airlines to Offer Hawaii-Bound Travelers COVID-19 Tests
by Zacks Equity Research
United Airlines' (UAL) coronavirus-testing facility for Hawaii-bound passengers will help them avoid Hawaii's mandatory 14-day quarantine requirement in case they test negative.
Coronavirus Continues to Hurt Airlines : Any Respite Soon?
by Maharathi Basu
The current uptick in leisure-travel demand augurs well for airlines.
Airline Stock Roundup: LUV's Bullish Cash Burn Update for Q3, UAL, DAL in Focus
by Maharathi Basu
Ryanair (RYAAY) cuts October capacity outlook further. Meanwhile, Southwest Airlines (LUV) comes out with better cash burn view.
Transportation Sector Up 21.8% in Past 3 Months: 4 Picks
by Maharathi Basu
A significant spike in e-commerce contributes to growth in UPS and FedEx (FDX).
Southwest Airlines (LUV) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
Southwest Airlines (LUV) closed at $39.83 in the latest trading session, marking a -1.41% move from the prior day.
Southwest (LUV) Q3 Cash Burn View Improves on Rise in Demand
by Zacks Equity Research
Southwest (LUV) has been seeing modest increase in leisure-passenger demand on a month-over-month basis, owing to which, it improved third-quarter 2020 cash-burn forecast.
Triton's Q3 Earnings View Upeat as Trade Volumes Recover
by Zacks Equity Research
Improvement in trade volumes bode well for Triton (TRTN).
Company News for Sep 17, 2020
by Zacks Equity Research
Companies In The News Are: FDX, BRC, LUV, FB.
Delta Expects Q3 Capacity to Decline 60% Amid Demand Woes
by Zacks Equity Research
Delta (DAL) anticipates capacity to decline 60% year over year in the third quarter amid persistently weak air-travel demand due to coronavirus.