Airlines

Lately, it seems like the only thing that can stop the U.S. equity markets is a holiday early close. Heading into the 4th of July celebration, major stock indices are enjoying a festive 2023 thanks to 1) waning expectations of a long anticipated recession and 2) retreating inflation. ...

New York Post FTC Chair Lina Khan's Impact? Amazon Hires Dozens of Former FTC Officials Amazon.Com Inc (NASDAQ: AMZN) is poaching several staffers from the Federal Trade Commission as it gears up for an antitrust battle with the regulator. The firm battling charges of strong-arming third-...

Southwest Airlines Co.'s (NYSE: LUV) pilots' union is reportedly moving closer to a possible strike. LUV's pilot union filed a request with the National Mediation Board (NMB) to be officially released from mediation. The union stated that talks began more than three years...

Morgan Stanley conducted an online survey of 90 global corporate travel managers in mid -late May who are involved in hotel and/or airline carrier negotiations in the U.S., Europe and Asia. Travel managers expect their budgets to be up about 11% versus 2022 in the first half of the year and up...

Raymond James analyst Savanthi Syth upgraded Mesa Air Group Inc (NASDAQ: MESA) to Market Perform from Underperform.  The analyst believes pilot attrition is improving and is below the pandemic level, and a near-term attrition rate hike is unlikely amid new regional pay...

Benzinga Linda Yaccarino, 'Velvet Hammer' Resigns NBCU Role Amid Rumors She'll Be The New Twitter CEO Following Elon Musk's Thursday announcement about his planned departure from the CEO role at Twitter, the buzz centered on Linda Yaccarino, who resigned from her...

Southwest Airlines Pilots Association (SWAPA) announces that Southwest Airlines Company (NYSE: LUV) pilots have voted to authorize a strike. The strike authorization vote has closed with 98% participation, and 99% of pilots voted to authorize. In response, Southwest noted the vote...

Gainers Unique Fabricating, Inc. (NYSE: UFAB) climbed 205% to $0.55 after gaining around 4% on Tuesday. Harbor Custom Development, Inc. (NASDAQ: HCDI) gained 172% to $12.99 after the company announced a buyer waived all contingencies on a $14,250,000 sale of townhomes. CTI BioPharma Corp. (NASDAQ...

Southwest Airlines Co (NYSE: LUV) expects delays in its 2023 plane deliveries due to Boeing Co's (NYSE: BA) 737 MAX manufacturing problem. "We are in discussions with Boeing to understand what that impact will be in 2023 and beyond," said the company, as reported by...

Morgan Stanley analyst Ravi Shanker remains bullish on the Airlines into the first-quarter earnings season and also for the rest of 2023. Mid-quarter updates have effectively de-risked 1Q, and the focus will be on 2Q guidance/commentary, said the analyst. The analyst noted that the mid-...

Several airlines, from United Airlines (NYSE: UAL) to Spirit Airlines (NYSE: SAVE), have come out with updated guidance that points to headwinds in Q1. The news has the stock prices moving in different directions today, but the takeaway is clear. Headwinds are present in Q1, but demand remains...

Southwest Airlines Co (NYSE: LUV) chose Amazon.com Inc (NASDAQ: AMZN) cloud unit Amazon Web Service as its preferred cloud provider.  This large-scale modernization with AWS is part of the airline's long-term plan to enhance the passenger journey, optimize...

Air travel is often subject to delays. This was especially the case in late 2022. Recall how Southwest Airlines Co. (NYSE: LUV) canceled more than 13,000 flights leaving thousands of customers and employees stranded at airports. Indeed, this can be a major source of frustration and stress. And...

U.S. aviation authorities reportedly probe a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions. The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) are investigating a string...

The Department of Transportation and Department of Justice are reportedly looking to block the prospective merger between JetBlue Airways Corporation (NASDAQ: JBLU) and Spirit Airlines Incorporated (NYSE: SAVE) on the grounds that the merger would be anti-competitive. ...