Airlines

FedEx Corp (NYSE: FDX) cargo plane coming to land at a Texas airport could have collided with Southwest Airlines Co's (NYSE: LUV) passenger jet was taking off using the same runway. The planes came within a thousand feet of each other Saturday morning near a runway at the Austin...

Southwest Airlines Co (NYSE: LUV) has promoted its Vice President of Technology, Lauren Woods, to Senior Vice President and Chief Information Officer. Woods will report to the Chief Administration & Communications Officer Linda Rutherford. Woods assumed this role following...

(Thursday Market Open) The Federal Reserve’s struggles to harness a galloping economy continue, judging from today’s Q4 Gross Domestic Product (GDP) data and the latest weekly read on initial jobless claims. GDP rose 2.9% in Q4, above the average analyst estimate of...

Southwest Airlines Co (NYSE: LUV) reported fourth-quarter FY22 operating revenue growth of 22.2% year-over-year to $6.17 billion, missing the consensus of $6.19 billion.  Adjusted EPS loss of $(0.38) missed the consensus loss of $(0.09). Operating revenue increased 7.7% compared to...

Southwest Airlines Co (NYSE: LUV) is reportedly being probed by the U.S. Transportation Department on its holiday schedule mayhem in December 2022. The agency will probe whether Southwest executives sold more flights above its operating capacity, the WSJ reported. The investigation...

Let's take a market minute to get ahead of what you should be watching this week. So far, we’ve already had a look at some 10% of S&P 500 companies’ quarterly results, but this week nearly 90 more will open their books to investors, among them Microsoft (NASDAQ: MSFT), Tesla (...

Southwest Airlines Co (NYSE: LUV) contacted consulting firm Oliver Wyman to boost a crew scheduling system after its holiday crisis, CEO Bob Jordan said in an interview. The airline had to cancel over 16,700 flights from December 21 - December 31 as it struggled to recover from a...

Stifel analyst Jeffrey A. Stantial reiterated a Hold rating on the shares of Vail Resorts Inc (NYSE: MTN) with a price target of $261.00. The analyst said conditions have been favorable to start the 2022/23 ski season, as a series of large storms has driven snowfall in most...

After the holiday meltdown with over 16,000 flight cancellations, Southwest Airlines Co (NYSE: LUV) announced five department leadership changes to strengthen operations. The company promoted vice president of network planning, Adam Decaire, to SVP of network planning &...

The crisis that cost Southwest Airlines Co (NYSE: LUV) over 15,000-holiday flights could cost the carrier up to earnings for nine months of 2022 in lost revenue and customer reimbursements, industry analysts say.  Southwest struggled to recover from frigid weather after its...

Reuters Goldman Sachs Bullish On M&A Deals Activity Picking Up In Late 2023 Goldman Sachs Group Inc (NYSE: GS) seems to be bullish on the recovery of global mergers & acquisition deals in the second half of 2023 despite slow economic growth and a weak credit market. The projections...

Southwest Airlines Co (NYSE: LUV) has added 25,000 frequent-flier points in addition to ticket refunds and reimbursement to travelers affected by its cascade of flight cancellations over the holidays. “I know that no amount of apologies can undo your experience,” a...

Raymond James analyst Savanthi Syth reiterated an Underperform rating on the shares of Mesa Air Group Inc (NASDAQ: MESA). Mesa's 4Q22 adjusted EPS of $(0.37) was largely in line with the analyst's $(0.35) estimate. MESA shares surged ahead of and following its 4Q22...

Benzinga Elon Musk Says IRS Qualification Norms For EV Credits 'Messed Up' — Why He Finds It 'Bizarre' Ever since the IRS announced the qualifying criteria for availing of the electric vehicle tax credits allowed under the "Inflation Reduction Act Of 2022," ...