United Airlines earnings report makes it clear that liquidity is king for airline stocks–look out American on Thursday
Yes, United Airlines (UAL) Â shares rose in after-hours trading today. Depending on the accounting treatment you chose the airline either reported a narrower-than-expected loss (on GAAP accounting) in the second quarter or on a non-GAAP basis an earnings per share loss...Today markets forget China rally and return to coronavirus recession worries with UAL announcement
United Airlines Holdings (UAL) has warned employees that it has seen a sharp drop in bookings in the last few weeks. Bookings at United's Newark hub were at 16% of July 2019 levels as of July 1. That rate is roughly half of the level a few weeks ago when it looked...Trick or Trend: American Airlines offers itself as re-opening guinea pig
Our regular (or occasional or perhaps occasionally regular) Friday series (actually running on Saturday this week) Trick or Trend looks at what might (or might not) be emerging investible trends. Exclusively on JAM. This post won't run anywhere else. Ever. One of the...Delta Air Lines says it expects to break even by next spring
This is the good news? Delta Air Lines (DAL) said today that it expects to break even by the spring of 2021. Delta, which said it will add 1,000 flights to its schedule in July and again in August, plans to operate 30% of its 2019 schedule by the end of September....Saturday Night Quarterback says, For the week ahead expect…
... earnings season to shift into second gear with reports from IBM, Intel, Procter & Gamble, Delta, and Netflix. IBM (IBM) kicks off the week with its report on Monday after the market close. IMB isn't the market mover that it once was but it is the first major...So how bad are things for the airlines? Going out of business in September bad?
On Tuesday past, to take a random recent date, 279,018 people passed through security at a U.S. airport. That compares to 2.2 million on the same day a year ago. The recent coronavirus rescue bill allocates $50 billion to U.S. passenger airlines, half in loans and...A ban on all domestic flights is on the table at the White House
According to acting Department of Homeland Security secretary Chad Wolf, the Trump administration is considering"all options" to curb the coronavirus outbreak in the U.S., including an outright halt to domestic air travel. Meanwhile some airline analysts are talking...Oil prices up again on inventories, Middle East fears, OPEC price goals
West Texas Intermediate climbed 3.16% today to $68.80. Futures for May delivery moved over $68 a barrel for the first time in three years. Yesterday the American Petroleum Institute reported a 1.05 million barrel draw down in U.S. inventories. Today the U.S. Energy Information Administration reported a drop in crude inventories of 1.1 million barrels. Energy analysts had projected an increase in inventories for the week ended April 13. But it’s not just near-term supply and demand figures that are pushing oil priced higher.