Airline shares were broadly higher on Tuesday, stimulated by a continuing rebound in demand from travelers for fresh post-COVID-19 highs and notable analyst remarks that stimulate investor interest. The US Global Jets exchanged trade found JETS, + 1.03% rose 3% to a nearly two-month high in morning trading. The ETF …
Read More »European stocks and Dow futures rally in hopes of boosting US stimulus and virus trends
A staff member wearing a protective face mask at the Holiday Inn Whitechapel hotel, operated by InterContinental Hotels Group, is clearing a Perspex screen ahead of the reopening of the hotel for general bookings in London, England, on 3 July 2020. Chris Ratcliffe / Bloomberg News European stocks rose on …
Read More »More than 80,000 air workers witness furloughs as COVID-19 destroys the industry
More than 80,000 pilots, airlines and other employees of the airline face unpaid time and an uncertain future as carriers attempt to navigate catastrophic losses resulting from COVID-19. Beyond holidaymakers’ teachings of travel during a pandemic, major U.S. carriers have lost lucrative business travelers as the coronavirus continues its deadly …
Read More »United adds some international flights for September, but remains cautious
A United Airlines plane sits on the runway at San Francisco International Airport. Justin Sullivan | fake pictures United Airlines said on Friday that it plans to add a small number of flights in September, remaining cautious as the coronavirus pandemic continues to depress travel demand. The September capacity of …
Read More »European stocks rise as investors juggle technological optimism and economic sadness
European stocks rose on the last trading day of the month, fueled by better-than-expected results and after big gains from top US tech companies. That joy helped investors sideline, for now, the signs of increasing global economic problems due to the pandemic. The Stoxx Europe 600 SXXP Index, + 0.57% …
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