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.
Before the COVID-19 pandemic brought the U.S. economy almost to a halt, CSX was expecting 2020 to be a great year. But now that shipments have been drastically cut, the company is using the…
Monitoring freight and rail traffic is one of the primary means of knowing what is happening inside the economy. The situation looks dire.
With solid financials and a likely shift to domestic manufacturing in some sectors, CSX is well placed to benefit from coronavirus recovery.
Norwegian Cruise Line stock saw a handy gain on Wednesday after the company announced that it had secured more liquidity to help keep it afloat through the next 12 months.
The U.S. Department of Transportation has allowed certain smaller airline carriers to suspend services to some cities.
Southwest Airlines posted a first-quarter loss Tuesday morning due to the impact of the COVID-19 pandemic. The company expects the second-quarter to be worse.
The coronavirus pandemic has all but brought the U.S. and global economies to a halt. The effects of stay at home orders ripple through the supply chain and hit transportation companies especially hard.
Both Delta and United have raised billions to keep employees working while passenger traffic has essentially disappeared. When will passengers be willing to get on a plane again?
