Travel demand cushions 737 MAX toll
Healthy travel demand helped cushion quarterly results at American Airlines and Southwest even though the Boeing 737 MAX grounding weighed on costs and profits. Fred Katayama reports......»»
U.S. consumer prices post biggest decrease since 2008
U.S. consumer prices dropped by the most since the Great Recession in April, weighed down by a plunge in demand for gasoline and services including airline travel as people stayed home during the coronavirus crisis......»»
Marriott profit plunges 92%
Marriott International's quarterly profit plummeted Monday, as bookings plunged due to coronavirus-led travel restrictions. But as Fred Katayama reports, the hotel operator says it has begun to see demand stabilize......»»
Goldman Sachs says global oil demand will bounce back but could be hit hard by the lack of business travel
Kirk McKoy/Los Angeles Times via Getty Images Goldman Sachs says oil demand will see a bounce back with a "V-shaped recovery.....»»
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits. .....»»
Emirates predicts 18-month lull in air demand
Gulf aviation giant Emirates said Sunday it would take at least 18 months for travel demand to return to "a semblance of normality", despite reporting bumper pre-pandemic profits. .....»»
Emirates to raise debt as it doesn"t see travel recovering for at least 18 months
Emirates, one of the world's biggest long-haul airlines, will raise debt to help it through the coronavirus pandemic that has shattered global travel demand, warning that a recovery in travel demand was at least 18 months away......»»
Sell Delta Stock as Air Travel Demand Remains Up In the Air
InvestorPlace - Stock Market News, Stock Advice & Trading Tips With Buffett trimming his position and the carrier.....»»
Lufthansa to start flying 80 more aircraft in June to meet travel demand
German flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic......»»
Consumer confidence in housing falls to lowest level since the subprime crash
The economic free fall from Covid-19 is taking its toll on what had been strong housing demand just a few months ago......»»
Spirit Airlines: Summer demand for travel to rebound "a bit"
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Airline stocks snap losing streak as JetBlue deems demand has already bottomed
Airline stocks rose Thursday for the first time in over a week, after JetBlue Airways Corp. reported a wider-than-expected loss but fueled investor optimism by saying travel demand appeared to bottom weeks ago......»»
JetBlue posts quarterly loss, scales back Airbus orders
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and cut its order book with Airbus SE by about 34% through 2022 to save $1.1 billion in aircraft spending......»»
Goldman Sachs official says companies switching to Zoom instead of business travel could hit oil demand by up to 3 million barrels per day
As companies adapt to Zoom and other video-conferencing tools fewer people will feel the need for business travel.....»»
JetBlue reports loss, revises Airbus orders to save $1 billion through 2022
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss as the coronavirus pandemic hurt air travel demand, and revised its order book with Airbus SE to save $1.1 billion in aircraft spending through 2022......»»
United Airlines to raise $2.25 billion in bonds, rolls back plan to cut work hours
United Airlines Holdings Inc said on Wednesday it plans to raise $2.25 billion through a bond offering amid a coronavirus-linked slump in air travel demand, and backtracked on a controversial plan to cut working hours for thousands of employees......»»
United Airlines to offer $2.25 billion bonds in private deal
United Airlines Holdings Inc said it plans to raise $2.25 billion through a bond offering as it grapples with a slump in air travel demand due to government-mandated lockdowns across the world......»»
Hawaiian Airlines reports $144.4M loss amid ‘the most significant demand shock in aviation history’
Amid a drastic decline in global demand for travel as a result of the coronavirus, Hawaiian Holdings, Inc., the parent company of Hawaiian Airlines, reported a loss of $144.4 million in non-adjusted net income, or $3.14 per diluted share, for the f.....»»
General Electric doesn"t see rebound in air travel demand soon
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
United Airlines to cut 30% of management in October, preparing pilot changes too: company memos
United Airlines Holdings Inc plans to cut at least 3,400 management and administrative positions in October as the coronavirus pandemic crushes air travel demand, and has told pilots to brace for changes as well, according to two memos seen by Reuters......»»
London Markets: Travel stocks slump in London as FTSE 100 slips
U.K.-listed travel stocks slumped on Monday, with the sector continuing to feel the pressure on concerns that demand won’t soon return to normal even after the coronavirus shutdown eases......»»