Airlines

Astronics Corp (NASDAQ: ATRO) has secured a contract from Southwest Airlines Co (NYSE: LUV) to provide EMPOWER Passenger In-Seat Power System for installation on 475 Boeing Co (NYSE: BA) 737 MAX-7 and MAX-8 aircraft. Financial terms not disclosed. The award...

Gainers Swvl Holdings Corp. (NASDAQ: SWVL) shares gained 34.3% to $5.72. Alpha Tau Medical Ltd. (NASDAQ: DRTS) shares climbed 19.3% to $10.62. Inozyme Pharma, Inc. (NASDAQ: INZY) gained 17% to $5.16. Inozyme Pharma, Inc. (NASDAQ: INZY) Director Pivotal bioVenture Partners Fund I U.G.P., Ltd...

American Airlines Group Inc (NASDAQ: AAL) is set to resume selling alcoholic beverages on many domestic flights from April, reported WSJ. American Airlines was the last major U.S. airline to delay selling alcoholic beverages because of the rise in unruly passenger behavior. Airlines...

Evercore ISI analyst Duane Pfenningwerth upgraded Southwest Airlines Co (NYSE: LUV) to Outperform from In-Line with an unchanged price target of $48. Pfenningwerth mentions that some of his recovery hopes have been delivered as leisure demand is recovering "vigorously...

Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ: MESA) to Market Perform from Outperform without a price target, reflecting regional airline industry headwinds. Syth says the magnitude of the impact on earnings appears to be greater than anticipated....

Southwest Airlines Co (NYSE: LUV) reported fourth-quarter FY21 operating revenue growth of 150.9% year-over-year to $5.05 billion, beating the consensus of $5.01 billion. Operating revenue declined by 11.8% compared to 4Q19. Adjusted EPS improved to $0.14 compared to $(1.29) in 4Q20...

Mesa Air Group Inc's (NASDAQ: MESA) Mesa Airlines reported 26,920 block hours in December 2021, an increase of 3.8% year-over-year. The company reported a controllable completion factor of 93.05% and 97.89% for its American Airlines Group Inc (NASDAQ: AAL) and United...

Barclays analyst Brandon Oglenski updated the price targets for several airline stocks. The analyst says renewed pandemic effects are likely to impair first-quarter guidance for the airlines; however, he is "optimistic that leisure-focused low-cost carriers can differentiate as...

KAYAK, part of Booking Holdings Inc (NASDAQ: BKNG), has integrated Southwest Airlines Co (NYSE: LUV) into its KAYAK for Business platform. The move aims to make the process of booking a business trip and earning Southwest Rapid Rewards points easier. Through the integration,...

Susquehanna analyst Christopher Stathoulopoulos downgraded Spirit Airlines Inc (NYSE: SAVE) to Neutral from Positive and lowered the price target to $25 (an upside of 5%) from $31. The analyst believes Spirit is facing "larger cost headwinds relative to peers."...

Wolfe Research analyst Hunter Keay downgraded Southwest Airlines Co (NYSE: LUV) to Peer Perform from Outperform as part of a broader Airlines Quarterly research note. The analyst cites valuation while noting that the recent industry-wide cost problems lately suggest...

Mesa Air Group Inc's (NASDAQ: MESA) Mesa Airlines reported 28,465 block hours in November 2021, an increase of 23% year-over-year, attributable to continued increased flying and the relaxation of certain COVID restrictions. The company reported a controllable completion factor...

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading...

Goldman Sachs analyst Catherine O'Brien downgraded Southwest Airlines Co (NYSE: LUV) to Sell from Neutral and lowered the price target to $36 (a downside of 14%), down from $59.  The analyst expects the company to see higher-than-industry inflation over the medium...

Gainers American Virtual Cloud Technologies, Inc. (NASDAQ: AVCT) jumped 43.1% to $2.6909. American Virtual Cloud Technologies shares jumped over 82% on Thursday after the company announced it projects revenues of its Kandy Business Unit to grow from $14.3 million in 2020 to approximately $18.8...