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2020-08-04 00:00:00+00:00
AAL
American Airlines, union reach deal to limit involuntary furloughs
WASHINGTON, Aug 4 (Reuters) - American Airlines Co AAL.O and the Allied Pilots Association have reached an agreement on voluntary options for pilots to help reduce involuntary furloughs, the airline said in a memo Tuesday. Last month, American Airline said it was sending 25,000 notices of potential furloughs to frontli...
2020-08-04 00:00:00+00:00
AAL
9 Top Robinhood Stocks You May Want to Avoid Here
InvestorPlace - Stock Market News, Stock Advice & Trading Tips At the height of the pandemic, amid stay-at-home orders, retail investors flooded onto the zero-commission Robinhood stock trading platform. Since then, so-called Robinhood stocks have become something of a pejorative among experienced investors. After all,...
2020-08-04 00:00:00+00:00
AAL
XpresSpa Stock Needs to Overcome Short-Term Troubles
InvestorPlace - Stock Market News, Stock Advice & Trading Tips XpresSpa Group (NASDAQ:XSPA) has not had a very good run. Well, at least over the long term. XSPA stock is actually up over 81% so far in 2020 and has surged more than 2,000% from the March low. Source: Africa Studio/Shutterstock This stock was left for ab...
2020-08-04 00:00:00+00:00
AAL
Why Airline Stocks Are Flying Higher Today
What happened Shares of airline stocks got a lift on Tuesday following the release of data from the Transportation Security Administration (TSA) showing a recent rebound in travel volumes. The industry still has a long way to go to fully recover from the COVID-19 pandemic, but during a difficult period every bit of add...
2020-08-03 00:00:00+00:00
AAL
Don’t Lose Hope on Delta Air Lines Despite Dismal Q2
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It’s not a great year if you are invested in the airline sector. The novel coronavirus pandemic has wreaked havoc on the U.S. economy in general, but it has been particularly brutal on airlines. All the major carriers are busy shoring up their balance sheet...
2020-08-03 00:00:00+00:00
AAL
Here Are the Top 10 Most Popular Stocks on Robinhood
Stocks are America's favorite investment. More Americans believe investing in the stock market is a better option than investing in real estate over the next decade, according to a new study by Bankrate. And, increasingly, they're turning to Robinhood to buy stocks. The commission-free stock-trading platform allows ne...
2020-08-02 00:00:00+00:00
AAL
Airline Earnings Show Better Days Are Still a Ways Off for Their Stocks
When looking at airline stocks right now, it is really a question of whether you view the glass as half full or half empty. Second-quarter earnings, as expected, were woeful. But they could have been a lot worse. Travel volumes have risen dramatically from April lows, but are still just a fraction of more-normal levels...
2020-08-01 00:00:00+00:00
AAL
Robinhood Investors Are Betting on a Travel Stock Recovery -- Should You?
Airline and cruise stocks are among the most sought after these days among investors trading on Robinhood. American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and Carnival Corp. (NYSE: CCL) are among the 10 most popular stocks on the online trading platform. Amid the coronavirus pandemic, the shares have drop...
2020-08-01 00:00:00+00:00
AAL
Why Robinhood Investors Could Suffer the Most in the Next Market Crash
When the markets crashed in March, many investors were in panic mode, selling off good and bad investments alike. Ultimately, however, the sell-off offered just a brief glimpse as to how bad things could get, as many stocks began recovering just weeks later. In a prolonged market crash, which is what could happen if th...
2020-07-31 00:00:00+00:00
AAL
Spirit Airlines Is the Best Bargain in the Airline Industry
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Just like flying, Spirit Airlines (NYSE:SAVE) is the best bargain when it comes to airline stocks. And did you know, SAVE stock has been one of the best performers over the past few months? SAVE) branded airplane flying in the air" width="300" height="169"...
2020-07-31 00:00:00+00:00
AAL
Southwest CEO Urges Lawmakers to Extend Airline Payroll Support
Southwest Airlines (NYSE: LUV) CEO Gary Kelly on Friday backed a union-led effort to extend government support for the airline industry as a way to avoid layoffs. As part of the CARES Act economic stimulus plan enacted earlier this year, U.S. airlines received $25 billion in financial support to continue to pay employe...
2020-07-30 00:00:00+00:00
AAL
EMERGING MARKETS-Currencies slide on virus woes, Russian rouble hits over 2-month low
By Shreyashi Sanyal July 30 (Reuters) - The Russian rouble touched its lowest level in more than two months on Thursday, weakening along with most other emerging market currencies as record spikes in COVID-19 cases dashed optimism sparked overnight by a dovish U.S. Federal Reserve. The rouble RUB= tumbled as much as 1....
2020-07-30 00:00:00+00:00
AAL
American Airlines Extends Change Fee Waiver Offer Until Sep 8
(RTTNews) - American Airlines (AAL) has announced it would extend its change fee waiver offer for customers booking tickets for new travel until September 8. The change fee offer applies to first, business, Premium Economy or Main Cabin tickets purchased on or before June 30 for future travel, but travelers must pay an...
2020-07-30 00:00:00+00:00
AAL
AAL September 11th Options Begin Trading
Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the September 11th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new September 11th contracts and identified one put and one call contract of particular ...
2020-07-30 00:00:00+00:00
AAL
Diamond giant De Beers likely to cut jobs after COVID-19 hit
Adds detail, comment LONDON/GABORONE, July 30 (Reuters) - Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American AAL.L, earlier reported plungin...
2020-07-30 00:00:00+00:00
AAL
Anglo American's first-half profit slumps 39% on COVID-19 lockdowns
LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA...
2020-07-30 00:00:00+00:00
AAL
Coronavirus hits Anglo American's profit but recovery in sight
By Zandi Shabalala LONDON, July 30 (Reuters) - Diversified miner Anglo American AAL.L on Thursday told its investors it was on track for a second-half rebound after a 39% dive in profits in the first six months when lockdowns paralysed production. The London-listed miner, with its extensive African exposure, has been t...
2020-07-30 00:00:00+00:00
AAL
Anglo American lowers dividend after 39% profit fall from lockdowns
(Adds detail) LONDON, July 30 (Reuters) - Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation...
2020-07-29 00:00:00+00:00
AAL
United gives employees longer to decide on exit deals
By Tracy Rucinski and David Shepardson July 29 (Reuters) - United Airlines UAL.O on Wednesday extended a deadline for most employees to decide whether to take voluntary furlough deals to Aug. 10, as it waits to see if the U.S. Congress extends an airline bailout in the first week of August. United announced the extensi...
2020-07-29 00:00:00+00:00
AAL
Buying Opportunity Arises for American Airlines
InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Airlines (NASDAQ:AAL) may take a good deal longer than originally thought to turn around. This already seems clear in the recent movements in AAL stock. But I believe this could be an opportunity to buy the stock on the cheap. Source: GagliardiPhot...
2020-07-29 00:00:00+00:00
AAL
The Reaction to Earnings Matters More for Boeing Stock Than the Results
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Boeing (NYSE:BA) stock is tumbling after the airliner reported worse-than-expected earnings this morning. Going into the print, BA stock had been winding up in a tight range, as investors prepped for the potentially big-moving event. BA) logo on the side of...
2020-07-29 00:00:00+00:00
AAL
Spirit Airlines Is a Turnaround Play With Huge Risks
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Spirit Airlines (NYSE:SAVE) announced last week that it $150 million in equity from the sale of new SAVE stock. Moreover, the company declared that it had $1.2 billion in liquidity at the end of the second quarter. SAVE) branded airplane flying in the air" ...
2020-07-28 00:00:00+00:00
AAL
What the Charts Say for American Airlines Stock on Earnings Beat
InvestorPlace - Stock Market News, Stock Advice & Trading Tips July 23 was not an easy session in the stock market, as the S&P 500 fell more than 1.2%. However, on the other end of the spectrum, American Airlines (NASDAQ:AAL) rallied almost 4% on better-than-expected earnings. Source: GagliardiPhotography / Shutterstoc...
2020-07-28 00:00:00+00:00
AAL
Kumba Iron Ore's interim earnings fall on lower sales and lockdown
JOHANNESBURG, July 28 (Reuters) - South Africa's Kumba Iron Ore Ltd KIOJ.J on Tuesday reported a 17% drop in interim earnings weighed down by lower sales volumes and the impact on output of a lockdown for the coronavirus. The company, a unit of Anglo American AAL.L, reported headline earnings per share (HEPS) of 26.19 ...
2020-07-28 00:00:00+00:00
AAL
Delta Has Upside Potential Into Next Year
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Trading airline stocks this year has been very exciting, to say the least. The travel and leisure sectors were in the direct line of fire from the virus crisis. Delta Air Lines (NYSE:DAL) stock suffered tremendously as it lost 70% of its stock value from th...
2020-07-28 00:00:00+00:00
AAL
Spirit Airlines says 20% to 30% of workers at risk of furloughs - CEO's memo
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 28 (Reuters) - Spirit Airlines SAVE.N is preparing to inform unions on Friday that 20-30% of workers may be furloughed in October, an internal memo shows, becoming the first low-cost U.S. carrier to detail potential job cuts due to the coronavirus pandemic...
2020-07-28 00:00:00+00:00
AAL
JetBlue CEO says future centers on cash and costs in choppy recovery
(New throughout, adds details from conference call and on revenue and outlook) By Tracy Rucinski CHICAGO, July 28 (Reuters) - JetBlue Airways' future is all about cash and cost structure as it prepares to weather a choppy, non-lineal recovery from the coronavirus pandemic that has crushed air travel demand, Chief Execu...
2020-07-27 00:00:00+00:00
AAL
Amplats H1 profit falls as pandemic, processing shutdown weigh
Adds detail, CEO quote, background JOHANNESBURG, July 27 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. The Johannesburg-listed miner, one of the world's l...
2020-07-27 00:00:00+00:00
AAL
Majority of U.S. House backs new bailout for U.S. passenger airlines
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, July 27 (Reuters) - A majority U.S. House of Representatives lawmakers signed a letter made public on Monday calling for a six-month extension of a $32 billion payroll aid program that they argue is crucial to keeping hundreds of thousands of aviation workers e...
2020-07-26 00:00:00+00:00
AAL
3 Top Robinhood Stocks You Shouldn't Even Consider Buying
Robinhood is a great place to see which stocks are in vogue. The trading platform is popular with millennials, and many of the best-performing stocks on the markets find themselves on the Robinhood 100 list. However, not all of these widest-held investments are necessarily good buys, particularly during the economic tu...
2020-07-24 00:00:00+00:00
AAL
American Airlines Earnings: Underperformance Continues
The COVID-19 pandemic has decimated airlines' financial results in 2020. In the U.S., bookings and passenger traffic plunged steeply beginning in March as the pandemic spread. Despite a modest rebound in demand during May and June, both metrics remain dramatically below 2019 levels. American Airlines (NASDAQ: AAL) has ...
2020-07-23 00:00:00+00:00
AAL
S&P 500 set to snap winning streak as labor market rebound slows
By Medha Singh and Devik Jain July 23 (Reuters) - U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment ...
2020-07-23 00:00:00+00:00
AAL
4 Top Stock Trades for Friday: AAL, AAPL, SLV, Bitcoin
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shares slipped lower on Thursday, as equities failed to climb on the day. With that in mind, let’s look at a few top stock trades as earnings season picks up steam. Top Stock Trades for Tomorrow No. 1: American Airlines (AAL) Click to Enlarge Source: Char...
2020-07-23 00:00:00+00:00
AAL
Wall Street closes sharply lower on tech selloff
For a live blog on the U.S. stock market, click LIVE/ or type LIVE/ in a news window U.S. jobless claims post surprise increase Apple faces multi-state consumer protection probes Microsoft falls as cloud unit revenue growth slows Intel posts earnings, tumbles 8% after the bell Indexes fall: Dow 1.31%, S&P 1.23%, Nasdaq...
2020-07-23 00:00:00+00:00
AAL
Why Airline Stocks Are Higher Today
What happened Airlines are in the green on Thursday, a down day for broader markets, as investors are slowly warming to the sector as earnings season continues. The companies are posting losses in the second quarter, as expected, but all appear to have clear plans to ride out the coronavirus pandemic without running ou...
2020-07-23 00:00:00+00:00
AAL
Noteworthy Thursday Option Activity: AAL, MGM, CVS
Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 373,715 contracts have traded so far, representing approximately 37.4 million underlying shares. That amounts to about 43% of AAL's average daily tradi...
2020-07-23 00:00:00+00:00
AAL
Wall Street drops on mixed earnings, jobless claims data
By Stephen Culp NEW YORK, July 23 (Reuters) - Wall Street retreated on Thursday as mixed earnings, a surprise increase in U.S. jobless claims and Washington's tug-of-war over stimulus measures fed risk aversion among investors. The sell-off steepened after Axios reported that Apple faces a multi-state consumer protecti...
2020-07-23 00:00:00+00:00
AAL
S&P 500 eases from five-month high as labor market rebound slows
By Medha Singh and Devik Jain July 23 (Reuters) - The S&P 500 backed off a five-month peak in a choppy trading on Thursday as investors held out for a new coronavirus relief package, with latest data showing signs that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits...
2020-07-23 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Danaher Corp, American Airlines, Dynavax Technologies
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stocks fell on Thursday following the S&P 500's four straight days of gains as investors held out for a new coronavirus relief package, with latest dat...
2020-07-23 00:00:00+00:00
AAL
Southwest and American slow quarterly cash burn but warn demand has stalled
By Tracy Rucinski and Sanjana Shivdas July 23 (Reuters) - Southwest Airlines LUV.N and American Airlines AAL.O each slowed their cash burn over the second quarter but warned that demand had stalled as COVID-19 cases spike, prompting Southwest to rethink the number of flights it had planned to add in August and Septembe...
2020-07-23 00:00:00+00:00
AAL
Stimulus bets set to lift Wall Street as labor market rebound slows
By Medha Singh and Devik Jain July 23 (Reuters) - Wall Street's main indexes were set to open slightly higher on Thursday, as investors held out for a new coronavirus relief package with data signaling that a recovery in the labor market was stalling. The number of Americans filing for unemployment benefits rose last w...
2020-07-23 00:00:00+00:00
AAL
American Airlines Slips To Loss In Q2; Sees Q3 System Capacity Down About 60%
(RTTNews) - American Airlines Group Inc. (AAL) on Thursday reported second-quarter net loss of $2.07 billion or $4.82 per share, compared to net income of $662 million or $1.49 per share in the year-ago period. Excluding net special items, adjusted net loss was $7.82 per share, compared to adjusted earnings of $1.82 pe...
2020-07-23 00:00:00+00:00
AAL
American Airlines Group Inc Q2 adjusted earnings Miss Estimates
(RTTNews) - Below are the earnings highlights for American Airlines Group Inc (AAL): -Earnings: -$2.07 billion in Q2 vs. $0.66 billion in the same period last year. -EPS: -$4.82 in Q2 vs. $1.49 in the same period last year. -Excluding items, American Airlines Group Inc reported adjusted earnings of -$3.35 billion or -$...
2020-07-23 00:00:00+00:00
AAL
American Airlines Group Q2 20 Earnings Conference Call At 8:30 AM ET
(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on July 23, 2020, to discuss Q2 20 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.com/?anchorLocation=DirectURL&title=investorrelations The views and opinions expressed herein are the views...
2020-07-23 00:00:00+00:00
AAL
US STOCKS-Stimulus bets buoy futures ahead of jobless claims
By Medha Singh and Devik Jain July 23 (Reuters) - S&P 500 and Dow futures hovered near five-month highs on Thursday, as signs that a new coronavirus relief package was at hand lifted sentiment ahead of weekly unemployment data. Leading U.S. Senate Republicans and the White House late on Wednesday said they had hammered...
2020-07-23 00:00:00+00:00
AAL
Stock Markets Stay Choppy as American, Southwest Fall on Airline Earnings
Wall Street has been steadily gaining ground in recent months, but the moves haven't been straight up. Investors got a chance to see an example of that Thursday morning. Major indexes opened near the unchanged level and saw periods of gains and losses before settling in for minimal declines. Just before 11 a.m. EDT, th...
2020-07-22 00:00:00+00:00
AAL
Don’t Let the Turbulence in JetBlue Stock Keep You From Buying a Winner
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Airline stocks have recovered a lot of lost ground since the start of the novel coronavirus pandemic. With every passing week, the number of domestic passengers is growing, and the markets are rewarding airlines accordingly. However, many people are wonderi...
2020-07-22 00:00:00+00:00
AAL
American Airlines/JetBlue Partnership Is a Win-Win, Says Top Analyst
The coronavirus has hit the airline industry particularly hard. As long as COVID-19 rages, it is unlikely that there will be a meaningful resumption of normal services. In the meantime, airlines have taken drastic measures such as refinancing, taking on piles of extra debt, severe cost-cutting initiatives and furloughi...
2020-07-21 00:00:00+00:00
AAL
Airlines ask EU, White House to adopt COVID-19 testing program for passengers
By David Shepardson WASHINGTON, July 21 (Reuters) - Major U.S. and European Union airlines asked the EU and White House on Tuesday to consider a joint U.S.-EU program to test airline passengers for COVID-19 as a way to allow people to travel once again between the United States and Europe. In a letter to U.S. Vice Pres...
2020-07-21 00:00:00+00:00
AAL
Now Is the Time to Get on Board JetBlue Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Sometimes potential mistakes are easy to spot, as was the case on June 5 when I cautioned about chasing the airline’s rally after-the-fact. My write-up then came the day after JetBlue (NASDAQ:JBLU) rallied 15% in one day on top of a bunch more that week. Th...
2020-07-20 00:00:00+00:00
AAL
Why Airline Shares Are Falling Today
What happened Airline shares were under pressure on Monday after a closely watched indicator of travel demand posted its first weekly decline since April. A spike in new coronavirus cases is crimping travel, and that's bad news for airlines. Shares of Spirit Airlines (NYSE: SAVE) led the industry lower, down 5.5% at th...
2020-07-20 00:00:00+00:00
AAL
Southwest says 28% of workers seek leaves or exits; 2,235 Delta pilots take exit deal
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON, July 20 (Reuters) - Southwest Airlines LUV.Ntold employees on Monday that 16,895 of its roughly 60,900 workforce have volunteered for long-term separation or early retirement deals, according to a message from Chief Executive Gary Kelly that was shared with Reu...
2020-07-20 00:00:00+00:00
AAL
JetBlue Stock Looks Poised to Take Off by Early 2021
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Demand for flights hasn’t recovered as quickly as I thought it would back in April and May. Nonetheless, demand for airplane tickets has climbed tremendously, a vaccine is almost definitely on the way and airlines’ cash burn rate is dropping quickly. All of...
2020-07-19 00:00:00+00:00
AAL
American Airlines and JetBlue Team Up in the Northeast (Again)
A decade ago this week, JetBlue Airways (NASDAQ: JBLU) and pre-merger American Airlines (NASDAQ: AAL) announced a partnership to bolster their market positions in New York and Boston. An interline agreement enabled customers to book tickets connecting between various domestic markets served by JetBlue to more than a do...
2020-07-19 00:00:00+00:00
AAL
When Will the Airline Stocks Recover?
Airlines were hammered in the coronavirus market downturn, which caught the attention of contrarians and deep-value investors. Many people felt like geniuses for buying on the dip ahead of a May rally, but the plot has since thickened with much of those gains being erased. Shares of Delta Air Lines are down 55% year-to...
2020-07-17 00:00:00+00:00
AAL
Don’t Expect Earnings to Provide a Reason to Own United Airlines Stock
InvestorPlace - Stock Market News, Stock Advice & Trading Tips There is a case for airline stocks at the moment. But choosing United Airlines (NASDAQ:UAL) in that group seems potentially foolish. There’s just not a strong enough argument for United Airlines stock even for investors bullish on the sector. Source: NextNe...
2020-07-17 00:00:00+00:00
AAL
Here's the Top Consumer Stock Robinhood Traders Are Selling Today
Investing app Robinhood is taking the world by storm -- but that's not always good news for the stocks its users focus on. Case in point: Walt Disney (NYSE: DIS). Thursday wasn't a great day for the stock market, with the Dow Jones Industrial Average closing down 0.3% and the S&P 500 falling 0.5%. Disney stock, however...
2020-07-16 00:00:00+00:00
AAL
Wall St dips fears over rising COVID-19 cases, tech weighs
By Noel Randewich July 16 (Reuters) - The S&P 500 dipped from a five-week high on Thursday, pulled lower by Microsoft Corp MSFT.Oand Apple Inc AAPL.O, as concerns about the economic toll from rising coronavirus cases were heightened by data showing elevated levels of unemployment claims. U.S. retail sales increased mor...
2020-07-16 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-American Airlines, Tesla, Walt Disney, Lannett
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street's main indexes fell on Thursday with the S&P 500 slipping from a five-week high as concerns about the economic toll from rising coronavirus case...
2020-07-16 00:00:00+00:00
AAL
S&P 500 Falling: Airline Stocks, Cruise Stocks Crashing as 1.3 Million More File for Unemployment, Bank of America Prepares for Long Recession
The S&P 500 Index (SNPINDEX: ^GSPC) fell 11 points or 0.3% on July 16, breaking a two-day positive streak as Bank of America (NYSE: BAC) reported second quarter earnings and the U.S. Department of Labor said another 1.3 million people filed for unemployment last week. Today's biggest losers are the same stocks that de...
2020-07-16 00:00:00+00:00
AAL
Dow Snaps Winning Streak; Tech Continues to Slide
The Dow closed 135 points lower, breaking its four-day winning streak, as Microsoft (MSFT) and Apple (AAPL) both traded down. FAANG stocks have been having a rough week, leading the Nasdaq firmly below fair value today, with the S&P 500 in the red as well. Disappointing weekly jobless claims data has been no help to th...
2020-07-16 00:00:00+00:00
AAL
EMERGING MARKETS-Stocks slip on U.S.-China worries, firm dollar hits FX
By Shreyashi Sanyal July 16 (Reuters) - Emerging market stocks fell to a one-week low on Thursday as tensions between the United States and China and rising coronavirus cases around the world weighed on investor sentiment, while a stronger dollar hit risky currencies. A broad dispute between Washington and Beijing over...
2020-07-16 00:00:00+00:00
AAL
U.S. airlines would accept new bailout without additional strings -- trade group
WASHINGTON, July 16 (Reuters) - A trade group representing major U.S. airlines said Thursday it is not actively seeking new government assistance but would accept new bailout funds as long as new strings were attached. A spokeswoman for Airlines for America, a trade group representing Delta Air Lines DAL.N, United Airl...
2020-07-16 00:00:00+00:00
AAL
Why Airline Stocks Are Sinking (Again) on Thursday
What happened Investors curbed their enthusiasm over airline stocks Thursday, after Wednesday's coronavirus vaccine-inspired monster run-up in such shares. In trading yesterday, shares of United Airlines (NASDAQ: UAL) soared more than 14% and American Airlines (NASDAQ: AAL) gained 16%. Discount airline Spirit (NYSE: SA...
2020-07-16 00:00:00+00:00
AAL
Nasdaq Drops 100+ at the Open as American, United Hope for More Federal Aid for Airlines
The stock market has been increasingly volatile, and even as major market benchmarks have recovered from their lows earlier this year, there are still big questions about what comes next for investors. The Nasdaq Composite (NASDAQINDEX: ^IXIC) isn't too far below its recent record highs. On Thursday, though, the Nasdaq...
2020-07-16 00:00:00+00:00
AAL
Jobless Claims Rise Again, Showing Continued Economic Damage From COVID-19
Jobless claims for last week, ended July 11, came out to 1.3 million. This outpaced estimates of 1.25 million and shows continuing damage from the COVID-19 outbreak and subsequent economic disruption. The United States continues to see COVID-19 cases rise, which has put further doubt on the strength of the economic reo...
2020-07-16 00:00:00+00:00
AAL
S&P 500 slides from five-week high on fears over rising COVID-19 cases
By Medha Singh and Devik Jain July 16 (Reuters) - The S&P 500 slipped from a five-week high on Thursday as concerns about the economic toll from rising coronavirus cases nationwide were heightened by data showing elevated levels of unemployment claims. U.S. retail sales increased more than expected in June, but a resur...
2020-07-16 00:00:00+00:00
AAL
American, JetBlue team up to boost New York flying and drive recovery
By Tracy Rucinski CHICAGO, July 16 (Reuters) - American Airlines AAL.O and JetBlue Airways JBLU.O said on Thursday they were forming a strategic partnership to boost flying options in New York and Boston and create what executives called a "growth engine" to recover from the COVID-19 pandemic. The deal, which allows th...
2020-07-16 00:00:00+00:00
AAL
Wall St ends lower on COVID-19 worries, tech weighs
By Noel Randewich July 16 (Reuters) - The S&P 500 dropped on Thursday, pulled lower by Microsoft Corp MSFT.O and Apple Inc AAPL.O, as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases. U.S. retail sales increased more than expected in June, but a resurgence...
2020-07-16 00:00:00+00:00
AAL
Thursday Sector Laggards: Industrial, Healthcare
In afternoon trading on Thursday, Industrial stocks are the worst performing sector, showing a 0.7% loss. Within the sector, Norwegian Cruise Line Holdings Ltd (Symbol: NCLH) and American Airlines Group Inc (Symbol: AAL) are two of the day's laggards, showing a loss of 13.2% and 6.8%, respectively. Among industrial ETF...
2020-07-16 00:00:00+00:00
AAL
UK Stocks-Factors to watch on July 16
Adds futures, news items July 16 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 20 points lower at 6,273 on Thursday, according to financial bookmakers, with futures FFIc1 down 0.5% ahead of cash markets open. * GVC: Ladbrokes and bwin owner GVC Holdings GVC.L announced the departure of Chief Executive Offi...
2020-07-16 00:00:00+00:00
AAL
3 Things United Airlines Stock Bulls Need to Happen Soon
The global economy is still reeling from the impact of the COVID-19 pandemic, and few industries have seen greater disruptions that the airline sector. With so many limitations on travel and the high costs of keeping planes safe for passengers and crew, United Airlines Holdings (NASDAQ: UAL) fell by more than 75% betwe...
2020-07-16 00:00:00+00:00
AAL
U.S. stock futures fall as virus fears eclipse upbeat retail sales
By Medha Singh and Devik Jain July 16 (Reuters) - Wall Street was set to open lower on Thursday as concerns about the economic toll from another round of shutdowns across the United States offset data showing a higher-than-expected rise in domestic retail sales in June. The Commerce Department's report showed retail sa...
2020-07-16 00:00:00+00:00
AAL
Wall St falls as virus fears eclipse upbeat retail report
By Medha Singh and Devik Jain July 16 (Reuters) - U.S. stocks fell on Thursday with the S&P 500 retreating from a five-week high as concerns about the economic toll from another round of shutdowns across the United States offset data showing upbeat domestic retail sales in June. The Commerce Department's report showed ...
2020-07-16 00:00:00+00:00
AAL
Anglo sticks to most 2020 output targets despite second quarter COVID-19 hit
Adds detail LONDON, July 16 (Reuters) - Global miner Anglo American AAL.L on Thursday stuck to its full-year guidance for copper, other metals and diamonds even as it posted an 18% decline in overall second quarter output due to coronavirus lockdowns. In the three months to the end of June, production of diamonds, plat...
2020-07-16 00:00:00+00:00
AAL
London stocks track declines in Asia; Ladbrokes owner slides
For a live blog on European stocks, type LIVE/ in an Eikon news window Surprise drop in China's retail sales hits global stocks GVC tumbles on saying long-time CEO to depart Personal goods firms, homebuilders, miners among decliners Recruiter Hays, miner Anglo American slide on downbeat results FTSE 100 down 0.9%, FTSE...
2020-07-16 00:00:00+00:00
AAL
3 Industries I'm Avoiding Like the Plague
This has been a truly wild year to be an investor. During the first quarter of 2020, Wall Street and investors endured the swiftest bear market decline in history. But by the second quarter, they were privy to the strongest quarterly move higher since 1998. These baffling moves come courtesy of the uncertainty tied to ...
2020-07-16 00:00:00+00:00
AAL
American Airlines and JetBlue Partner Up to Aid Recovery
American Airlines Group (NASDAQ: AAL) and JetBlue Airways (NASDAQ: JBLU) announced a new partnership Thursday that aims to make both airlines more competitive and offer their respective customers more choices. The airlines are targeting New York and Boston with a strategy to promote growth from trends that they believe...
2020-07-16 00:00:00+00:00
AAL
It Was a Good Idea to Take Profits on United Airlines
InvestorPlace - Stock Market News, Stock Advice & Trading Tips The last time I weighed in on United Airlines (NASDAQ:UAL), I said, “the party is over for airlines, especially with ‘second wave’ coronavirus fears making the rounds.” That was on June 11, as the UAL stock traded at a high of $36.38. Source: NextNewMedia ...
2020-07-16 00:00:00+00:00
AAL
Should You Buy Airline Stocks Right Now?
Investors have been getting conflicting signals about the airline industry in recent weeks. On the one hand, encouraging early data about vaccines under development have bolstered hopes that a vaccine to protect against COVID-19 could come to market in record time. On the other hand, the massive quarterly loss reported...
2020-07-16 00:00:00+00:00
AAL
American, JetBlue sign strategic partnership to drive pandemic recovery
By Tracy Rucinski CHICAGO, July 16 (Reuters) - American Airlines AAL.O and JetBlue Airways JBLU.O said on Thursday they had agreed a strategic partnership to boost flying options in New York and Boston and create what executives called a "growth engine" to recover from the coronavirus pandemic. The deal will include re...
2020-07-16 00:00:00+00:00
AAL
JetBlue, American Partner To Create More Options And Choice For Customers In Northeast
(RTTNews) - JetBlue Airways Corp. (JBLU) and American Airlines Group Inc. (AAL) said that they have entered into partnership to create connectivity for travelers in the Northeast and more choice for customers across their domestic and international networks. American said it will launch international service from New Y...
2020-07-16 00:00:00+00:00
AAL
Key U.S. lawmakers back unions' call for new airline bailout
By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO July 16 (Reuters) - Key U.S. House Democrats are backing a push by airline unions for a new round of government bailouts to keep workers employed in the face of tens of thousands of possible layoffs this fall. Representative Peter DeFazio, who chairs the House T...
2020-07-15 00:00:00+00:00
AAL
Wednesday Sector Leaders: Services, Industrial
In afternoon trading on Wednesday, Services stocks are the best performing sector, up 3.4%. Within the sector, Carnival Corp (Symbol: CCL) and MGM Resorts International (Symbol: MGM) are two large stocks leading the way, showing a gain of 14.3% and 11.2%, respectively. Among the largest ETFs, one ETF closely following ...
2020-07-15 00:00:00+00:00
AAL
American Airlines sending 25,000 furlough warnings -memo
By Tracy Rucinski CHICAGO, July 15 (Reuters) - American Airlines AAL.O is sending 25,000 notices of potential furloughs to frontline workers, according to a memo released on Wednesday, preparing employees for job cuts in the fall as the coronavirus pandemic forces airlines globally to shrink. American, with more than 1...
2020-07-15 00:00:00+00:00
AAL
American Airlines Issues Warning To 25,000 Employees About Possible Job Cuts
(RTTNews) - American Airlines (AAL) on Wednesday said it informed about 25,000 employees, which is about 20% of its total workforce, about possibility of furloughs, as airline operators around the globe continue to struggle due to the coronavirus pandemic. The airline has issued WARN notices to 37% or 9,950 of American...
2020-07-15 00:00:00+00:00
AAL
Noteworthy Wednesday Option Activity: SEAS, DAL, AAL
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in SeaWorld Entertainment Inc. (Symbol: SEAS), where a total volume of 13,249 contracts has been traded thus far today, a contract volume which is representative of approximately 1.3 million underlying sha...
2020-07-15 00:00:00+00:00
AAL
American Airlines sending 25,000 furlough notices, says demand slowing again
By Tracy Rucinski CHICAGO, July 15 (Reuters) - American Airlines AAL.O said on Wednesday it is sending 25,000 notices of potential furloughs to frontline workers and warned that demand for air travel is slowing again as COVID-19 cases increase and states re-establish quarantine restrictions. The Worker Adjustment and R...
2020-07-15 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Airlines, Goldman, Moderna, Gap
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Futures linked to the S&P 500 and the Dow indexes hit near five-month highs on Wednesday as signs of progress in developing a COVID-19 vaccine and a much be...
2020-07-15 00:00:00+00:00
AAL
5 Top Stock Trades for Thursday: MRNA, AZN, AAL, BYND, UNH
InvestorPlace - Stock Market News, Stock Advice & Trading Tips It was a bumpy morning on Wednesday, with equities gapping up, moving lower and then rebounding back on the day. With that in mind, let’s look at a few top stock trades leading the way. Top Stock Trades for Tomorrow No. 1: Moderna (MRNA) Click to Enlarge ...
2020-07-15 00:00:00+00:00
AAL
Why Airline Stocks Are Soaring on Wednesday
What happened Positive news on a new coronavirus vaccine helped lift airline shares in Wednesday midday trading. As of noon EDT, shares of American Airlines (NASDAQ: AAL) are leading the pack higher, up 7.8%, followed closely by fellow legacy carrier United Airlines (NASDAQ: UAL), with a 7.2% gain. Discount flyers Spir...
2020-07-15 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Moderna, Airlines, Gap, Apple
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock index futures rose on Wednesday as investors took heart from signs of progress in developing a COVID-19 vaccine, looking past record daily death ...
2020-07-15 00:00:00+00:00
AAL
BUZZ-U.S. STOCKS ON THE MOVE-Goldman, Moderna, Gap, BNY Mellon, airlines
Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh Wall Street gained on Wednesday with the S&P 500 hitting its highest in more than four months following a strong quarterly showing by Goldman Sachs and prom...
2020-07-14 00:00:00+00:00
AAL
Botswana central bank seeks law to preserve shrinking sovereign wealth fund
By Brian Benza Gaborone, BOTSWANA July 14 (Reuters) - The Bank of Botswana will seek legislation to limit access to its sovereign wealth fund, a central bank official said on Tuesday, as it seeks to stem a steady fall in the fund's reserves often tapped to meet budget deficits. "At the moment the fund doesn't work stri...
2020-07-14 00:00:00+00:00
AAL
Here’s Another Reason Why Southwest Isn’t the Best Airline Option Available
InvestorPlace - Stock Market News, Stock Advice & Trading Tips InvestorPlace’s Chris Lau recently stated that Southwest Airlines (NYSE:LUV) and LUV stock is the best bet for an air travel recovery. Source: Jeramey Lende / Shutterstock.com I have to say, while I believe Southwest is hands down, the best airline operatin...
2020-07-14 00:00:00+00:00
AAL
Delta CEO says air travel 'at a stall' amid resurgent virus, recovery over 2 years away
By Tracy Rucinski CHICAGO, July 14 (Reuters) - Delta Air Lines DAL.N warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places. "We're at a stall righ...
2020-07-14 00:00:00+00:00
AAL
Southwest Is Waiting for the Pandemic to Be Over
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Southwest Airlines (NYSE:LUV) stock appears to have settled into a trading range as investors wait for the pandemic to be over. Source: Shutterstock The company is burning between $20 million and $25 million of cash each day, with revenue down 70% to 75%. C...
2020-07-13 00:00:00+00:00
AAL
Monday's ETF with Unusual Volume: OMFL
The Invesco Russell 1000—Dynamic Multifactor ETF is seeing unusually high volume in afternoon trading Monday, with over 2.2 million shares traded versus three month average volume of about 137,000. Shares of OMFL were up about 0.3% on the day. Components of that ETF with the highest volume on Monday were American Airli...
2020-07-13 00:00:00+00:00
AAL
Delta Air Lines Earnings Will Be About the Story, Not the Numbers
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Second quarter earnings from Delta Air Lines (NYSE:DAL) are going to be ugly. There’s no two ways about it. But the good news for DAL stock is that soft numbers are not going to surprise anyone. Unfortunately, that’s also the bad news. DAL) logo" width="300...
2020-07-13 00:00:00+00:00
AAL
Southwest Airlines warns it may cut jobs without jump in travel
By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON July 13 (Reuters) - Southwest Airlines LUV.N Chief Executive Gary Kelly told employees on Monday it needs a dramatic jump in passenger demand or it will be forced to take new steps to reduce staffing. Employees face a Wednesday deadline whether to participate in...