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Golden Cross Takes Flight: Southwest Airlines Soars After Earnings Beat
Thursday, October 24, 2024 - 1:13pm | 507Southwest Airlines Co. (NYSE:LUV) is soaring to new heights following an impressive earnings beat and a fresh alliance with activist investor Elliott Investment Management. In its recent earnings report, the airline posted a 5.3% increase in total operating revenue, hitting $6.87 billion —...
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Elliott Plans Meeting With Southwest Over 'Immense' Challenges, May Push For Board Changes
Tuesday, August 27, 2024 - 9:29am | 420Activist hedge fund Elliott Investment Management and Southwest Airlines Co. (NYSE:LUV) plan to meet for the first time on a couple of weeks to talk about possible changes to the airline. Elliott, which holds more than 9.7% of Southwest’s voting power, said it is eager to meet with company...
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#CincoDeFallo: 4 Of The Worst Marketing Fails To Capitalize On Cinco De Mayo
Friday, May 5, 2017 - 11:25am | 474Thousands of Americans celebrate Mexican heritage every year on Cinco de Mayo. Mexican Americans know that the holiday commemorates the Mexican army’s defeat of the French back in 1862. Plenty of Cinco de Mayo celebrations across the U.S. include tequila, sombreros and few Mexican Americans....
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The Biggest Mergers Currently Stuck In Regulatory Purgatory
Thursday, January 19, 2017 - 3:57pm | 483After a meeting with President-elect Donald Trump, Bayer AG (ADR) (OTC: BAYRY) generated excitement among American investors eager to finalize a long-anticipated merger with Monsanto Company (NYSE: MON). But the Federal Trade Commission is not yet on board with the deal, and the companies still...
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Virgin America Surges 40% As Alaska Air Confirms $57 Per Share Acquisition
Monday, April 4, 2016 - 7:35am | 330Shares of Virgin America Inc (NASDAQ: VA) surged higher by more than 39 percent early Monday to trade at $54 after Alaska Air Group, Inc. (NYSE: ALK) confirmed it has entered into an agreement to acquire the airline for $57.00 per share in cash. Alaska Air stated the transaction is expected to...
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Why Virgin America Remains 'Underappreciated'
Friday, September 25, 2015 - 8:00am | 348Shares of Virgin America Inc (NASDAQ: VA) are down 17.5 percent year-to-date, but have bounced 24 percent from its recent lows in July. Daniel McKenzie of BRG maintained a Buy rating on Virgin America with a price target raised to $50 from a previous $47. McKenzie's revised price...
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Richard Branson Talks Virgin Origin Story, Reveals Why He's Successful
Monday, May 11, 2015 - 5:21pm | 579Richard Branson, founder and proprietor of many iconic, global brands, started Virgin America Inc (NASDAQ: VA) 31 years ago out of frustration with trying to get to the British Virgin Islands. "I had a very cute girl waiting for me," he said. Very First Flight Sold Out He was...
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#BransonsDayOff: Richard Branson Impersonates Ferris Bueller In Massive Chicago Parade
Thursday, April 16, 2015 - 2:02pm | 1572Richard Branson, billionaire founder of Virgin Group and backer of Virgin America Inc (NASDAQ: VA), played hooky in Chicago on Thursday. In an elaborate homage to the 1986 film Ferris Bueller's Day Off, Branson partied in a massive Chicago parade outside the Virgin Hotels Chicago building in the...
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Deutsche Bank Initiates Coverage On Virgin America, Calls It 'A Unique Low Cost Carrier'
Wednesday, December 24, 2014 - 8:54am | 144Michael Linenberg of Deutsche Bank initiated coverage of Virgin America Inc (NASDAQ: VA) on Wednesday with a Buy rating and $44 price target as shares are an “attractive” way to gain exposure to the U.S. domestic market. According to Linenberg, Virgin America offers investors a compelling story as...
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Investors, Traders Send Virgin America Higher Following IPO
Tuesday, November 18, 2014 - 12:07pm | 121Shares of Virgin America Inc (NASDAQ: VA), the low-cost airline, popped higher Tuesday following its IPO debut last Friday. Shares of the company opened for trading at $33.73 after pricing its IPO at $23. Shares flew higher to $36.58 before cooling off a bit, trading at $36.11. Virgin America...
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CarMax First To Pull Advertising From Clippers After Racist Remarks
Monday, April 28, 2014 - 1:54pm | 578Los Angeles Clippers owner Donald Sterling learned that derogatory comments about race are not tolerated—not just by fans, the public, politicians, and civil rights leaders but also by companies that write big checks to your team. CarMax (NYSE: KMX) on Monday became the first company to end its...
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Has Overall Airline Performance Really Improved?
Monday, April 7, 2014 - 3:12pm | 521Some veteran air travelers might find this hard to believe, but the latest annual Airline Quality Rating (AQR) says airline performance last year was at its highest level since the survey began in 1991. The AQR is a joint research project by Wichita State University and Embry-Riddle...
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Consumer Reports Crowns New Airline Highest in Customer Satisfaction
Friday, May 24, 2013 - 11:19am | 503First, Consumer Reports gives Tesla (NASDAQ: TSLA) its highest ranking ever and now it is placing a new name at the top of its best airlines list. Is Consumer Reports getting soft in its older age? Here’s what it said: “If you’re tired of airline flights that leave you too frazzled to enjoy...