-
'Psychological Milestone': Stock Market Update For The Week Ahead
Sunday, August 23, 2020 - 2:56pm | 2252The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...
-
Warren Buffett's Berkshire Hathaway Boosts Liberty SiriusXM Stake
Thursday, June 4, 2020 - 9:40am | 624After Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) came under the spotlight for disclosing it sold stock in Delta Air Lines Inc (NYSE: DAL), Southwest Airlines Co (NYSE: LUV) and other airlines, Warren Buffett has made a few new, lesser-known investments. What’s Going On?...
-
Airlines Fight To Exit 'Intensive Care'
Tuesday, June 2, 2020 - 11:28am | 2000Despite signs of modest improvement in passenger traffic and the lifting of many coronavirus restrictions, airlines aren't relaxing efforts to shore up balance sheets and restructure in hopes of remaining solvent until demand returns in a meaningful way years from now. Since Friday, several U.S....
-
Barron's Picks And Pans: Cheniere Energy, Delta Air Lines, Extended Stay And More
Sunday, May 31, 2020 - 8:20am | 733This weekend's Barron's cover story offers some stocks poised to rebound as the economy reopens. Other featured articles look at why now is a good time to buy insurance stocks, and who wins as Americans take to the roads again. Also, the prospects for a senior-living stock, cruise and...
-
Southwest Airlines Thinks Outside The Cargo Bay
Friday, January 31, 2020 - 3:24pm | 1130Southwest Airlines Cargo continues to win the hearts of freight forwarders for outstanding customer service, but the airline isn't resting on its laurels. Members of the Airforwarders Association this week voted Southwest Airlines (NYSE: LUV) the best domestic airline for the 11th year running....
-
Air Forwarders Recognize Southwest As Best Domestic Airline — Again
Monday, January 27, 2020 - 6:10pm | 507The New England Patriots are the closest thing to an American sports dynasty, with six Super Bowl wins since 2001. That's weak tea compared with Southwest Airlines Cargo's domination. On Monday, the Airforwarders Association (AfA) named the carrier the best domestic airline for the 11th...
-
737 MAX Crisis Undercuts Southwest Airlines' Profits
Thursday, January 23, 2020 - 6:05pm | 1008The continued grounding of the Boeing 737 MAX significantly impacted Southwest Airlines Co's (NYSE: LUV) fourth-quarter and full-year profits and the airline said Thursday that 2020 earnings will also be compromised by the crisis. The Dallas-based carrier reported fourth-quarter net income fell 21...
-
Southwest Airlines Pushes Back Schedule For 737 MAX Until April
Tuesday, December 17, 2019 - 2:26pm | 691The ripple effects of the worldwide flight ban of the Boeing 737 MAX continue to spread and cause financial harm. One day after Boeing Co. (NYSE: BA) declared that it would temporarily shut down the troubled plane's production line in January, Southwest Airlines (NYSE: LUV) said it is removing the...
-
Tech investments Improve Delta's Cargo Business, Official Says
Tuesday, November 19, 2019 - 9:47am | 1304CHICAGO – After transforming its under-performing passenger operation over the past decade into one of the best managed and profitable global carriers, Delta Air Lines (NYSE: DAL) is now focused on improving other aspects of its business, including cargo. The company's capital expenditures in...
-
Southwest Airlines To Begin Bar Coding Cargo In 2020
Thursday, November 14, 2019 - 10:36am | 452Southwest Airlines (NYSE: LUV) will begin optically scanning cargo next year to give shippers greater visibility into the status of their freight, after introducing the technology for passenger luggage in 2019, cargo chief Wally Devereaux said during a moderated discussion at FreightWaves LIVE....
-
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...
-
Southwest Airlines Reports Strong Q3 Results
Friday, October 25, 2019 - 12:17pm | 276U.S.-based low-cost carrier Southwest Airlines Co (NYSE: LUV) reported strong third-quarter financial performance, including record operating and unit revenues, solid margins and strong cash flows. That is despite an estimated $210 million reduction in operating income due to the continued...
-
American Shippers And Carriers React To Signs Of Economic Slowdown
Monday, January 7, 2019 - 12:38pm | 850The first week of 2019 saw three of America's largest companies announce revenue expectation reductions, signaling a potential cooling of the U.S. shipping market. Leading the corporations is Apple Inc. (NASDAQ: AAPL), which announced its revenue for the end of 2018 would be lower than expected...
-
Decision Time: Rate Hike Looks Likely Today Despite Market's Struggles
Wednesday, December 19, 2018 - 12:25pm | 2299(Wednesday Market Open) If anyone’s ever had to thread the needle, it’s arguably Fed Chair Jerome Powell when he steps to the podium after today’s Fed meeting. Whatever step the Fed takes on rates (futures prices puts odds of a hike at 71%), Powell will probably have to choose his...
-
Benzinga's Bulls & Bears: Apple, GE, Starbucks, Tesla, And More
Monday, January 1, 2018 - 5:11pm | 761Benzinga has featured a look at many investor favorite stocks over the past week. Bullish calls featured giants in the coffee and electric vehicle arenas. Bearish calls included an old-school conglomerate and a specialty retailer. With the attention of many investors, traders and...