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A day after Delta Air Lines ([[DAL]] +0.2%) warned on a long recovery for demand, there are similar comments out from American Airlines ([[AAL]] +0.9%) CEO Doug Parker."Flying less than half of what we were flying a year ago in terms of networks, with no anticipation at American Airlines that...
Unlike any other airline I know of, MESA remained profitable even during the worst COVID quarter. I expect MESA to continue being profitable with free cash flow of $1.30-2.00 a share or 30-50% FCF yield. The profitability isn't tied to government airline relief, and even if Americ...
SkyWest, Inc. Announces Third Quarter 2020 Results Call Date PR Newswire ST. GEORGE, Utah, Oct. 9, 2020 ST. GEORGE, Utah , Oct. 9, 2020 /PRNewswire/ -- SkyWest, Inc. (NASDAQ: SKYW) will host a conference call after the market closes on Thursday, October 29,...
The airline sector is on watch after House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met yesterday to discuss the possibility of standalone legislation of as much as $25B for cash-strapped carriers.Pelosi and Mnuchin plan to talk again today amid what is considered broad bipa...
President Trump tweets that the House and Senate should "immediately" approve $25B for airline payroll support and $135B for the Paycheck Protection Program for Small Business. "Both of these will be fully paid for with unused funds from the Cares Act. Have this money. I will sign now," he ad...
Airline stocks turned lower after President Trump called off COVID-19 stimulus talks until after election.The break lower is keeping with the recent trend of the sector to react closely to stimulus developments. The delay will also mean more pressure for airline companies to cut costs with mo...
In a swing of sentiment, airline stocks are higher on enthusiasm that a government relief deal can be reached. Speaker of the House Nancy Pelosi is urging airlines to hold back on furloughing actions or job cuts with talks advancing. Earlier in the day, there was concern that a deal could be ...
Airline stocks are tumbling premarket on worries the effect of President Trump contracting COVID-19 will have on a stimulus package for the industry.The U.S. Global Jets ETF ([[JETS]], -2.5%) is down before the bell, as is the SPDR Industrial Sector ETF ([[XLI]], -1.2%).Airlines are...
U.S. airlines are expected to announce layoffs as early as tomorrow unless a new federal relief package is passed. Carriers could announce the cuts even if talks suddenly progress as they look to reduce their monthly cash burn amid low demand for business travel.The cuts could numbers in...
The U.S. Treasury Department says it has closed loans to seven passenger airlines - American (AAL), United (UAL), Alaska Airlines (ALK), Frontier Airlines (FRNT), JetBlue (JBLU), Hawaiian Airlines (HA) and SkyWest (SKYW) - and calls on Congress to extend more aid to prevent massive job cuts.S...
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Second Quarter 2024 Summary Q2 2024 pre-tax income of $102 million, net income of $76 million, or $1.82 per diluted share SkyWest took delivery of eight of the 20 E175 partner-financed aircraft under a previously announced agreement with United Airlines Block hour production incre...
2024-07-19 08:40:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
SkyWest, Inc. (NASDAQ: SKYW) will host a live conference call and webcast after the market closes on Thursday, July 25, 2024 to discuss second quarter 2024 results. The format will include an overview of the quarterly results followed by a Q&A session. Thursday, July 25, 2024 2:30...