U.S. airlines will begin their flurry of fourth-quarter earnings reports on Jan. 12, when Delta Air Lines Inc. announces its results. But investors interested in the airline space might be Read more
Tag: Passenger Airlines
Southwest sees flight cancellations costing up to $825 million
Southwest Airlines Co. warned Friday that it expects to report a surprise net loss for the fourth quarter, because of the costs associated with all the flights it canceled in Read more
As EU works to coordinate response to China’s COVID wave, Beijing and airlines are unhappy
European Union officials were working Wednesday to coordinate a response to China’s current surge of COVID cases and were likely to agree on travel restrictions that may upset both Beijing Read more
Southwest Airlines cancels another 2,300 flights with schedule in chaos
Southwest Airlines continued to extract itself from sustained scheduling chaos Thursday, cancelling another 2,350 flights after a winter storm overwhelmed its operations days ago. The Dallas carrier acknowledged it has Read more
Southwest Airlines flight cancellations continue to snowball
Families hoping to catch a Southwest Airlines flight after days of cancellations, missing luggage and missed family connections suffered through another wave of scrubbed flights, with another 2,500 pulled from Read more
Southwest’s widespread flight cancellations to be probed by Transportation Department
The U.S. Department of Transportation said it will look into flight cancellations by Southwest Airlines that have left travelers stranded at airports across the country amid an intense winter storm Read more
Southwest Airlines cancels two-thirds of its flights, with more cancellations planned
Southwest Airlines Co. canceled more than two-thirds of its flights Monday and plans to slash its schedules Tuesday and Wednesday, in a meltdown that stranded thousands of customers and that worsened while other airlines Read more
Delta Air Lines stock jumps on raised guidance, as carrier cites ‘robust’ demand for air travel
Delta Air Lines’ stock rose 4.7% before market open on Wednesday after the company raised its earnings guidance. The carrier DAL, -4.00% said it is executing on its three-year recovery Read more
Lufthansa raises 2022 outlook on strong air travel demand
Deutsche Lufthansa AG on Tuesday raised its earnings outlook for 2022 on strong demand for air travel, and said that its earnings performance in October and November exceeded expectations. The Read more
Chinese travel, consumption stocks rally as Beijing eases COVID rules
Shares of Chinese travel and consumer companies gained ground in Hong Kong after Beijing eased some Covid-19 restrictions, improving the outlook for sectors directly hit by the pandemic and the Read more