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Air fares in the U.S. soared 34.1% in June compared to a year ago on an unadjusted basis against a soft comparable when travel was just starting to ramp up again following the vaccination push in the U.S. On a month-to-month comparison, air fares actually fell 1.8% in June after...
Delta CEO Ed Bastian said Wednesday that the company's recent mixed earnings report came about because the airline industry "stretched itself" to capture as much demand as possible coming out of the pandemic, creating a "fair bit of operational stress." "We pushed too hard," the head of...
Spirit Airlines ( NYSE: SAVE ) is again moving the vote on a merger with Frontier Air Group ( ULCC ) after the board’s proposed suitor declined to sweeten its offer. In a press release on Wednesday, the carrier indicated that the meeting to discuss the mer...
Travel-oriented names were up big on Tuesday, with Carnival (NYSE: CCL) , Norwegian Cruise Line Holdings (NYSE: NCLH) , and JetBlue Airways (NASDAQ: JBLU) up 7.7, 6.5%, and 4.8%, respectively, as of 12:15 p.m. ET. Oil prices were crushed on Tuesday, down 7.3% to ...
American Airlines Group (NASDAQ: AAL) expects its second quarter to land within the middle of its previous guidance, meaning the higher fuel and labor costs and network disruptions that have made headlines are not expected to weigh on results. The airline sector is flying high as a ...
Susquehanna made some strategic ratings changes ahead of the earnings season for the airline sector on concerns about the macro backdrop and what could be a potential clearings event when FY22-FY23 guidance is updated. Analyst Christopher Stathoulopoulos: "While we’ve yet to ...
Power/energy-related stock were among the top gainers for the week ending July 8, while shipping stocks led the decliners' list amid looming fears of recession as the Federal Reserve's policymakers eye up to a 75 basis-point rate hike at their next meeting to fight inflation. ...
Spirit Airlines (NYSE: SAVE) has again delayed a shareholder vote on its proposed merger with Frontier Group Holdings (NASDAQ: ULCC) , providing investors with hope that a higher offer from JetBlue Airways (NASDAQ: JBLU) is still under consideration. Investors reacte...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s no surprise that traveling has ramped up this summer, as pent-up demand drives up travel trends. Airports are almost back to pre-pandemic numbers — which was especially evident this past weekend. However,...
The shareholder vote for Spirit Airlines' combination with Frontier Airlines is scheduled for the 8th of July. Solely looking at the value of the offers from total and cash perspective, the Frontier Airlines offer is unattractive at best. JetBlue doesn't want to be left out in ano...
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JetBlue Airways (Nasdaq:JBLU) today announced the appointment of Jamie Perry as president of the airline’s JetBlue Travel Products subsidiary. Perry will lead the growth of the JetBlue Vacations brand and other non-air travel products including Paisly, JetBlue’s homegrown travel web...
JetBlue signs supply agreement for Blended Sustainable Aviation Fuel (SAF) to supply John F. Kennedy International Airport (JFK) to begin as early as fourth quarter 2024 JetBlue invites other New York businesses to help scale the SAF market in the region Today JetBlue (Nasdaq:...
2024-07-30 14:30:15 ET Image source: The Motley Fool. JetBlue Airways (NASDAQ: JBLU) Q2 2024 Earnings Call Jul 30, 2024 , 10:00 a.m. ET Operator Continue reading For further details see: JetBlue Airways (JBLU) Q2 2024 Earnings Call Transcript