Airlines

Southwest Airlines (NYSE: LUV) received encouraging tidings on the labor front when it inked a tentative agreement with the company's flight simulator technicians' union, International Brotherhood of Teamsters Local 19, for a new collective bargaining agreement. There are more than 50...

Southwest Airlines Company (NYSE: LUV) pilots association reached an Agreement in Principle (AIP) with the company. Located in Dallas, Texas, the Southwest Airlines Pilots Association (SWAPA) is a non-profit employee organization representing the more than 11,000 pilots of Southwest. The term...

Southwest Airlines Company (NYSE: LUV) faces a record $140 million penalty from the U.S. Department of Transportation (DOT) for multiple consumer protection violations during the 2022 holiday season.  This penalty is 30 times larger than any previous DOT penalty for consumer...

Southwest Airlines Company (NYSE: LUV) shares are trading higher after the company is reportedly nearing a new contract agreement with its pilots' union.  Shares of peers Delta Air Lines, Inc. (NYSE: DAL), United Airlines Holdings, Inc. (NASDAQ: UAL), and...

Ryanair Holdings Plc (NASDAQ: RYAAY) reportedly discovered unauthorized parts in two aircraft engines, joining other significant airlines in dealing with the issue of components distributed with counterfeit certification documents. During routine maintenance checks in Texas and Brazil...

Benzinga 'Penalty Is Warranted' - DoT Notifies Southwest Airlines Over Holiday Flight Fiasco Southwest Airlines Co. (NYSE: LUV) has received a warning from the U.S. Department of Transportation that it may face a fine due to significant operational disruptions last December that...

Southwest Airlines Co. (NYSE: LUV) has received a warning from the U.S. Department of Transportation that it may face a fine due to significant operational disruptions last December that caused widespread flight cancellations and passenger distress. This disruption and subsequent...

(Thursday market open) Economic vigor contrasts early Thursday with a retreating stock market. The first government estimate for third-quarter Gross Domestic Product (GDP) outpaced most estimates and orders for durable goods remained robust, but Wall Street lost more ground in...

Southwest Airlines Co (NYSE: LUV) reported a third-quarter FY23 operating revenue increase of 4.9% year-over-year to $6.525 billion, missing the consensus of $6.56 billion. The airline stated that the revenue strength was driven by solid leisure demand throughout the quarter and by...

Morgan Stanley analyst Ravi Shanker said that International travel has seen a reliable and durable surge, post slowdowns.  Going back to the 1970s, following almost every major economic downturn, U.S. passport issuance has roughly doubled in the 5 years since the end of the downturn and...

Raymond James analyst Savanthi Syth downgraded the Southwest Airlines Co (NYSE: LUV) stock from Strong Buy to Outperform and cut the price target on Southwest Airlines from $47 to $40. On Thursday, the company reported second-quarter FY23 operating revenue growth of 4....

JP Morgan boosted the price target for Intel Corporation (NASDAQ: INTC) from $30 to $35. JP Morgan analyst Harlan Sur maintained an Underweight rating. Intel shares rose 6.8% to $36.91 in pre-market trading. Baird raised BJ's Restaurants, Inc. (NASDAQ: BJRI) price target from $28 to $36....

The S&P 500 closed lower on Thursday, while the Dow Jones snapped its longest winning streak since 1987. On Wednesday, the Fed raised its benchmark overnight interest rate by 25 basis points as expected. Data released Thursday showed that the U.S. economy expanded faster-than-expected during...

Gainers Femasys Inc. (NASDAQ: FEMY) gained 54% to $0.55. Femasys reported a notice of allowance for new U.S. patent application covering use of FemBloc for female permanent birth control. Ultralife Corporation (NASDAQ: ULBI) shares jumped 43.4% to $7.07 after the company posted better-than-...

Southwest Airlines Co (NYSE: LUV) reported second-quarter FY23 operating revenue growth of 4.6% year-over-year to $7.04 billion, beating the consensus of $6.98 billion.  Adjusted EPS was $1.09, compared to $1.30 in 2Q22, missing the consensus of $1.10. Q2 RASM decreased 8.3% Y/Y...