Text size Joe Raedle / Getty Images Major airlines survived what was probably the worst quarter in modern aviation history. Carriers lost billions of dollars, as expected, and the issue that emerged is that their recovery stalled in July when Covid-19 cases increased and states imposed quarantine measures. Most airlines …
Read More »Tesla, AT&T, Microsoft, Intel and other stocks for investors to see this week
Text size The second-quarter earnings season speeds up this week, with 78 S&P 500 companies on deck to report. Halliburton and IBM publish their results first on Monday, followed by Coca-Cola, Lockheed Martin, Texas Instruments and United Airlines on Tuesday. Tesla, Microsoft and Chipotle Mexican Grill are the best moments …
Read More »American Airlines and JetBlue are teaming up. Is it a fusion in the works?
Text size The two airlines plan to code share flights and integrate some of their networks. Bloomberg (2) JetBlue Airways and American Airlines Group are forming an alliance in which they plan to share flight codes and integrate some of their networks. It could be a sign of industry consolidation …
Read More »Airlines face continuing uncertainty about Covid-19. Wall Street is of two minds.
Text size Two analysts covering Southwest Airlines took two different tacks on the action, with one analyst raising the target price and the other lowering the equivalent of Hold. However, in the era of the coronavirus pandemic, Southwest has been one of the toughest airline stocks. Ethan Miller / Getty …
Read More »Airlines are taking new bailout cash as prospects worsen
Text size Daniel Slim / AFP via Getty Images American Airlines Group and other companies are queuing for more rescue funds under the Care Act, as the industry faces an increasingly precarious situation due to an increase in coronavirus cases. Five major airlines signed a letter of intent with the …
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