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Boeing Shares Flying High On News That FAA Flight Tests Could Begin Today
Monday, June 29, 2020 - 10:41am | 2116Investors returning to the market this morning to start off a holiday-shortened week seem to still be grappling with how to price in a resurgence in domestic coronavirus cases as the V-shaped stock market recovery seems to be under threat. The coronavirus continued to dominate headlines over the...
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American Airlines Plans To Raise $3.5B In Funding To Fly Through The Pandemic
Monday, June 22, 2020 - 6:48am | 478American Airlines Group Inc (NASDAQ: AAL) plans to sell shares and convertible senior notes due 2025 to raise $3.5 billion to ease the liquidity crisis during the pandemic. What Happened On Sunday, American Airlines proposed a public offering of $750 million of its common stock...
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Pandemic Fails To Dampen AA Cargo's IT Esprit
Monday, June 15, 2020 - 3:20pm | 1017American Airlines Group Inc (NASDAQ: AAL) postponed most projects and slashed spending when the coronavirus pandemic wiped out passenger travel, but reengineering its cargo management system has proceeded without a beat. And it's already proving to be a timely upgrade. In October 2019, the airline...
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'So Far And So Fast': Stock Market Update For The Week Ahead
Sunday, June 14, 2020 - 4:30pm | 1619The Past Week, In A Nutshell What Happened: “A sell-off had become inevitable because the market had come so far and so fast, and because it involved pricing for perfection,” said John Authers, a Bloomberg Opinion columnist. Remember This: “Sooner or later we will get a real...
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Barron's Picks And Pans: Chevron, Goldman Sachs, Progressive And More
Sunday, June 14, 2020 - 9:05am | 768This weekend's Barron's cover story features eight dividend stock picks for the pandemic era. Other featured articles look at what younger day traders are favoring and why some tech giants riding high. Also, the prospects for two financial giants, packaged food plays, specialty retailers...
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This Week's Spotlights: Economic Data, Earnings, COVID-19 Recovery
Tuesday, June 9, 2020 - 12:34pm | 727Among key business events for the week is the Job Openings and Labor Turnover Survey for April which is down from 6.2 million in March. Additionally, stocks surged last Friday due to better-than-expected May jobs data, showing us that the economic recovery from the coronavirus lockdown is...
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With Eye On Rebound, United Looks For Alternative To Furloughs
Friday, May 29, 2020 - 4:29pm | 1285Domestic airlines this week announced plans to permanently eliminate large numbers of management and administrative jobs as a prelude to even larger reductions in frontline forces. But United Airlines (NASDAQ: UAL) CEO Scott Kirby dismissed furloughs as an a primary option, saying they are a...
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American Airlines To Apply For $12B In Coronavirus Government Assistance
Tuesday, March 31, 2020 - 8:19am | 492American Airlines Group Inc. (NASDAQ: AAL) will apply for government assistance as it suffers a drop in demand caused by the COVID-19 pandemic. What Happened The airline expects $12 billion of the total $50 billion in assistance allocated to airlines under the CARES Act. The act was passed by...
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American Airlines Trims International Capacity 75% Until May 6
Monday, March 16, 2020 - 11:07am | 696American Airlines Group Inc. (NASDAQ: AAL) is phasing in a suspension of additional long-haul international flights from the U.S. on Monday in response to lower passenger demand and government travel restrictions due to coronavirus. The idling of 135 wide-body jets will crimp air cargo capacity,...
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Airlines Continue Suffering As Delta, American Announce Schedule Cuts, But Crude Bounces
Tuesday, March 10, 2020 - 9:42am | 2547It looks like a little comeback attempt is brewing on hopes of government stimulus, but investors could be excused for not getting too excited yet. Last week, two monster rallies got snuffed out the very next day. There’s no guarantee of that happening again, but this is a skittish, nervous...
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Coronavirus Upends Airfreight Market, Puts Premium On Charter Rates
Tuesday, February 18, 2020 - 11:53am | 1458RThe coronavirus is playing havoc with the air cargo industry as airlines, logistics providers and cargo owners scramble to implement contingency plans for moving goods. With nearly all passenger aircraft removed from China service, experts are warning businesses to prepare for a significant spike...
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American Airlines Sees Steep Drop In Cargo Revenue, Volume
Thursday, January 23, 2020 - 4:11pm | 719Suffering the same cargo malaise as its competitors, American Airlines (NASDAQ: AAL), which saw its cargo revenue top $1 billion in 2018, retreated from that benchmark in 2019 and is forecasting further declines for early 2020. The airline's fourth-quarter 2019 cargo revenue fell 18.3% from the...
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American Airlines Delays Starting 737 MAX Service Until June
Tuesday, January 14, 2020 - 4:45pm | 640Once again an airline is moving back its scheduled reintroduction of the Boeing 737 MAX into regular service. On Tuesday, American Airlines announced it is canceling the troubled aircraft from its schedule until June 4, the same date United Airlines settled on more than three weeks ago for its...
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American Airlines Extends 737 MAX Cancellations Until April
Friday, December 13, 2019 - 9:56am | 817American Airlines (NASDAQ: AAL) said Thursday it is pushing back scheduling passengers on its Boeing Co (NYSE: BA) 737 MAX jetliners until April 7, adding further expense and capacity constraints to its system. The news comes one day after Federal Aviation Administration head Stephen Dickson...
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American, Southwest Postpone Return Of Boeing 737 MAX Service
Monday, November 11, 2019 - 11:46am | 409The Boeing Co.'s (NYSE: BA) troubled 737 MAX aircraft won't be back in regular operation at American Airlines (NYSE: AAL) or Southwest Airlines (NYSE: LUV) until March, the companies announced. American said in October it would return the jets to commercial service in January 2020. Southwest was...