How JetBlue Hopes to Escape the COVID-19 Shock
Low-cost carrier JetBlue posted a worse-than-expected second-quarter loss along with lower revenues. The company is seeing some improvement in bookings, but recovery remains some way off.
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Southwest Airlines Was Right: Q2 Results Were Worse Than in Q1
Southwest Airlines reported second-quarter 2020 results that were in line with estimates for a per-share loss, but that was slightly better on the top line. But the company's outlook is dimming.
United Airline’s Quarter: Less Crash More Burn
United Airlines reported a second-quarter net loss of $5.79 per share and $1.48 billion in revenue, compared with consensus estimates that called for a net loss of $9.02 in EPS and $1.32 billion in…
Airlines Reduce Employees With Early Retirement, Extended Leave Plans
U.S. airlines' offers to employees to take early retirement or other extended leaves are being accepted by significant proportions of employees as both the airlines and the employees try to avoid furloughs and forced…
Flying Has Declined More Than Twice as Much as Driving During the Pandemic
U.S. travelers have shunned travel during the COVID-19 pandemic, but the drop in air travel has been substantially greater than the decline in automobile travel.
American Airlines May Lay Off Enough People to Fill a Small City
American has been one of the great U.S. airlines for decades. Laying off 25,000 people, about the population of a small U.S. city, is a sign that it faces a set of unprecedented challenges.
American Airlines Set to Join in Pilot Layoffs
American Airlines may be joining the list of companies that are furloughing employees during this coronavirus pandemic.
Why Delta’s Q2 Loss Was Worse Than Expected
Delta Airlines reported second-quarter earnings Tuesday that missed already low estimates. The company's CEO expects the effects of the COVID-19 pandemic to last for more than two years.
As United Considers 36,000 Layoffs, CEO Made $16 Million Last Year
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?
Why Turnaround Investors Will See FedEx Stock Flying Even Higher After These Gains
Some stocks perform poorly even in good markets, just like some stocks do well even in bad markets. FedEx Corporation (NYSE: FDX | FDX Price Prediction) has seen its share of ups and downs…
YRC Worldwide Adds Government as Its Largest Shareholder in $700 Million Funding
Trucking company YRC Worldwide scored a $700 million CARES Act loan to cover short-term obligations and to enable planned capital spending.
FedEx Delivers in Q4, And Then Some
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 estimates that called for $1.52 in EPS…
Threat of COVID-19 Quarantines Matches Travel Bans in Stifling Air Travel
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 airplanes flying again.
American Airlines Stock Battered Again as Company Adds $500 Million to Capital Raise
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 Adds $3.5 Billion in Liquidity to Survive COVID-19
American Airlines is the latest of the major U.S. carriers to raise capital as the industry suffers through its worst crisis ever.