“ ‘There are dislocations today that are as large as they were three months ago. ‘ ” — Boaz Weinstein That is Boaz Weinstein, the former star Deutsche Bank DB, -0.62% trader who now runs his own hedge-fund firm, Saba Capital Management explaining his investment outlook during the pandemicRead More →
United Airlines Holdings Inc. late Tuesday reported a billion-dollar quarterly loss, giving investors a look into financials thoroughly wrecked by the pandemic and the near standstill on air travel. United UAL, +2.28% said it lost $1.6 billion, or $5.79 a share, in the second quarter, contrasting with a profitRead More →
Struggling Norwegian Air Shuttle ASA said it has notified Boeing Co. that it will cancel a deal to buy nearly 100 remaining planes, and is suing over losses related to the grounding of the 737-Max and 787 engine issues. In a statement on the company’s NAS, +2.71% website late Monday,Read More →
© Reuters. Outbreak of the coronavs disease (COVID-19) in Oakland, California (Reuters) – Southwest Airlines (N:) said on Wednesday it has enough cash to carry on business for the next two years, up from its prior forecast of 20 months, as travel demand gradually picks up. The company’s assessment isRead More →
European stocks extended gains for a third day on Wednesday as investors looked past domestic unrest in the U.S., and took inspiration from data indicating more economic strength as global pandemic lock downs unwind. The Stoxx Europe 600 index SXXP, +1.42% rose 1.1% to 363.81, after closing up 1.6% onRead More →
By David Shepardson WASHINGTON (Reuters) – American Airlines Inc (O:) will suspend all U.S. flights to Milan, the airline said late on Saturday, just hours after the U.S. State Department said it was raising its travel warning for parts of Italy due to the coronavirus outbreak. Italy is experiencing Europe’sRead More →
WASHINGTON (Reuters) – United Airlines Holdings Inc (O:) said on Friday it was sharply cutting flights to Japan and South Korea, as travelers worried about the coronavirus outbreak slash ticket purchases for those destinations. It also canceled its investor day that had been due to be held on March 5.Read More →
While investors may be tired of hearing how virus-complacent they are, as stocks keep busting records, our call of the day from Goldman Sachs is saying exactly that. “In the nearer term…we believe the greater risk is that the impact of the coronavirus on earnings may well be underestimated inRead More →
2/2 © Reuters. FILE PHOTO: A Southwest Airlines Boeing 737 plane sits on the runway waiting to take off at LAX airport in Los Angeles 2/2 By David Shepardson and Tracy Rucinski (Reuters) – The U.S. Federal Aviation Administration says it should have done a better job of ensuring SouthwestRead More →
© Reuters. Airlines face growth warning as virus curtails Singapore Airshow By Jamie Freed and Tim Hepher SINGAPORE (Reuters) – Asian airlines face “drastic” cuts in their planned growth because of the coronavirus crisis, an industry group warned, adding gloom to an already depleted Singapore Airshow as more companies scaledRead More →
A monthlong bout of coronavirus has ravished China, claiming hundreds of lives and sickening thousands but the Asian influenza also has infected the stock market and other assets, chilling bullish sentiment for the moment and stoking uncertainty at a period of lofty valuations. Here are some of the assets andRead More →
© Reuters. An American Airlines airplane sits on the tarmac at LAX in Los Angeles By Tracy Rucinski CHICAGO (Reuters) – American Airlines Holdings Inc (O:) and its mechanics union announced tentative joint collective bargaining agreements on Thursday covering five maintenance and fleet service groups after more than four yearsRead More →
As the novel coronavirus’s death toll and confirmed cases continue to rise, U.S. officials have expanded screening measures to 20 airports nationwide. So what exactly should passengers traveling from China — and the general flying public — expect at these enhanced-screening airports? The Centers for Disease Control and Prevention initiallyRead More →
The number of coronavirus infections has spiked, Chinese officials announced Saturday. The pneumonia-causing illness that infects the respiratory tract was responsible for at least 41 deaths in Central China, with 15 new fatalities as of Saturday, and more than 1,370 cases, with 400 new cases identified by Chinese health officials.Read More →
The number of coronavirus infections — and fatalities — has jumped in recent days. The mysterious pneumonia-causing illness that infects the respiratory tract was responsible for at least 41 deaths in Central China, with 15 new fatalities as of Saturday, and more than 1,370 cases, with 400 new cases identifiedRead More →
U.S. equity markets have experienced muted trade in the past few sessions as investors keep one eye trained on a deadly flu outbreak in China, which could be declared a public health emergency by the World Health Organization within the next 24 hours. However, gauged by the market’s performance duringRead More →
Intel Corp.’s 2020 forecast will determine how its stock swings on Thursday, but what are the chances that outlook actually stays the same for more than a quarter? Intel INTC, +3.60% investors suffered a choppy ride last year, after the chip maker set its forecast at the start of 2019,Read More →
Asian stock markets were largely unfazed early Wednesday by the rising global concerns over an outbreak of a coronavirus that can cause deadly pneumonia, despite investor worry over the impact the health emergency may have on travel and tourism ahead of the Lunar New Year that starts Saturday. Stocks inRead More →
Zurich Airport, near the World Economic Forum in Davos, on Monday touted the fact that a business aircraft used a blend of sustainable and conventional fuel. The fuel, made by Finland’s Neste NESTE, +1.74% , aims to reduce greenhouse gas emissions by up to 80%, the airport said. But it’sRead More →
Retirees have a healthy concern for their health-care options. Health, in fact, is the No. 1 concern for retirees, according to a survey by T. Rowe Price. Indeed, 70% of retirees felt concerned about both their health and the cost of health care heading into retirement, the financial-services firm found.Read More →
Ryanair Holdings PLC said Friday that it was raising its full-year guidance for fiscal 2020 on the back of stronger trading over the Christmas period, but that Austrian subsidiary Laudamotion has continued to underperform and that its loss for the year is expected to widen. The low-cost carrier RYA, +7.06%Read More →
Newly released internal emails from Boeing Co. paint a disturbing picture of its 737 Max program, with employees bragging about fooling FAA regulators and ridiculing its safety. The emails were part of more than 100 pages of documents sent Thursday by Boeing BA, +1.50% to House and Senate committeesRead More →
MENAHEM KAHANA/AFP via Getty Images Tourists at the Khazneh, or Treasury, in Petra, Jordan. The popular destination is in a region of the world where tensions can be expected to rise after an U.S. airstrike in Baghdad, Iraq, killed a top Iranian military official. Iran and Iraq are obviously notRead More →
The death of an Iranian military leader in a U.S. airstrike has sent markets reeling. But U.S. consumers won’t feel the impact of rising oil prices immediately. Qassem Soleimani, the leader of the foreign wing of Iran’s Islamic Revolutionary Guard Corps, was killed in an airstrike on Baghdad’s international airportRead More →
A big theme for 2020 is whether the airlines like United Airlines Holdings (UAL) rebound after a few weak years. The airlines have entered a new era of strong earnings, but the stocks haven’t always kept up with the improving profit picture. No gains are guaranteed, yet the stock isRead More →
