United Airlines may lay off as many as 36,000 employees in October. Its new CEO will waive his salary until the end of the year. But what does that mean exactly?
Some stocks perform poorly even in good markets, just like some stocks do well even in bad markets. FedEx Corporation (NYSE: FDX) has seen its share of ups and downs over time, but the company has...
Trucking company YRC Worldwide scored a $700 million CARES Act loan to cover short-term obligations and to enable planned capital spending.
FedEx reported fiscal fourth-quarter financial results after markets closed Tuesday. The firm reported $2.53 in earnings per share (EPS) and $17.4 billion in revenue, compared with consensus...
The International Air Transport Association has proposed that countries replace mandatory quarantines for foreign travelers with a series of measures the group says will protect passengers and get...
American Airlines has reportedly added $500 million to the amount the company plans to raise in new debt and stock offerings, bringing the total raised to $4 billion.
American Airlines is the latest of the major U.S. carriers to raise capital as the industry suffers through its worst crisis ever.
CSX CEO says the rail company has responded well to the pandemic slump and aims to take market share from the trucking industry.
United Airlines plans to raise $5 billion in new debt using its frequent flyer rewards as collateral. By the end of September the company expects to have about $17 billion in liquidity.
CSX has been able to cut expenses more than the pandemic has cut revenue, while modernizing and improving fuel efficiency.
24/7 Wall St. screened the BofA Securities airline stock universe looking for Buy-rated companies that make sense for investors now. These three are solid ideas for long-term growth investors.
CSX had good first quarter numbers. The reopening of the economy and signs of strength in the labor market point to a solid second quarter.
American Airlines will lay off 5,000 people. The airline has been crippled by the sharp decline in travel.
Any supply-side relief for the U.S. rail industry is likely to come as an afterthought because politicians will go for the high-visibility parts of the economy first.
Latin America's largest airline filed for bankruptcy protection late Monday. Its shares did not trade at all during Tuesday's regular session.