Hail, damaging winds and a few tornadoes may whip up as "strong and severe storms" continue to batter Texas, NBC News reports.» Read More
He's also more highly paid than the chief executive of Southwest, who was recently touted by Fortune magazine as the most underrated for any industry. He also got options valued at $3.8 million, $3.1 million in incentives, a $790,625 salary and nearly $300,000 in perks, according to a filing with the Securities and Exchange Commission. Anderson was more richly...
April 28- JetBlue Airways Corp shattered expectations Tuesday by forecasting a rise in April unit revenue while investors were braced for a decline, sending its stock up nearly 5 percent. This was "remarkably better" than anticipated, Wolfe Research analyst Hunter Keay said during JetBlue's earnings call. Customers' response to JetBlue's premium cabin...
At American Airlines, passengers flew fewer miles and revenue declined 2 percent in the first quarter. —United Airlines posted record first-quarter earnings of $508 million, even though revenue dipped 1 percent; it saved more than $1 billion on fuel. —Southwest tripled its profit to a record $453 million; fuel savings were $437 million.
American's shares traded up almost 4 percent, reflecting bolstered investor confidence in the carrier, the world's largest after it merged in 2013 with US Airways. Rivals Delta Air Lines Inc and United Continental Holdings Inc have also announced cuts for travel outside the peak summer season. American's President Scott Kirby said growing capacity and...
NEW YORK— Procter& Gamble and Facebook seem to have nothing in common. Delta Air Lines said it hurt ticket sales. "Everybody is talking about the hit from the dollar, especially big multinationals," said Russell Price, senior economist at Ameriprise Financial.
CHEEKTOWAGA, N.Y.— A Delta Air Lines flight bound for Atlanta has returned to Buffalo, New York, after the crew received an indication of a possible issue with one of its two engines. The airline says Flight 1672 landed safely at Buffalo Niagara International Airport on Thursday morning and maintenance technicians are evaluating the aircraft.
April 23- United Continental Holdings Inc on Thursday reported first-quarter profit that topped analysts' expectations and cut its capacity forecast for 2015, noting the strong U.S. dollar has weakened demand abroad. The Chicago- based airline earned $508 million last quarter. Excluding special items, it earned $582 million, or $1.52 per diluted share,...
*Intel pushes higher following quarterly report. *Netflix gains after the close. Intel jumped 4.25 percent to $32.83 after the chipmaker said late on Tuesday it expects flat revenue for the entire year despite some weakness in the first quarter.
U.S. stocks closed higher as oil hit highs for the year and investors continued to digest financial earnings and economic reports.
*Bank of America profit rises as costs fall. *Netflix to report after the bell. Intel jumped 4.5 percent to $32.91 after it said late on Tuesday it expects flat revenue for the entire year, despite some weakness in the first quarter.
*Bank of America profit rises as costs fall. *Netflix to report after the bell. Intel, which reported results after the bell on Tuesday, was up 4.3 percent at $32.84 as it forecast flat revenue for the entire year despite some weakness in the first quarter.
Open Skies pacts with Qatar and the United Arab Emirates could involve new rules on price-lowering and capacity-dumping, Delta Air Lines Inc Chief Executive Officer Richard Anderson said on Wednesday. Emirates, Etihad Airways and Qatar Airways have denied the allegations, saying U.S. carriers have lost market share because of inferior service.
CNBC's Jim Cramer explains why U.S. companies should be careful moving forward.
*Bank of America profit rises as costs fall. *Netflix to report after the bell. Intel, which reported results after the bell on Tuesday, was up 3.8 percent at $32.69.
April 15- Delta Air Lines Inc on Wednesday reported first-quarter profit that topped analysts' expectations and said it would reduce international capacity in the fourth quarter where a strong U.S. dollar has weakened demand. While a strong U.S. dollar has dented demand abroad and concerned investors, Delta's unit revenue and capacity guidance painted a...
U.S. stock index futures indicated a higher open on Wednesday, amid more first quarter financial earnings and a swathe of economic data.
*Bank of America profit rises as costs fall. *Netflix to report after the bell. Bank of America's, shares were down 0.5 percent at $15.74.
*Bank of America's, shares were up 0.9 percent at $15.62 after the No. 2 U.S. bank by assets, reported a first-quarter profit of $2.98 billion, compared with a surprise loss a year earlier. *Delta Air Lines and Charles Schwab will report results later on Wednesday with video streaming company Netflix Inc reporting after the close of markets. *Google Inc's shares were...
Some of the names on the move ahead of the open.
Early morning earnings reports from major financial companies and a few economic reports could set the tone for Wednesday's markets.