Stocks Rebound to Close Modestly Lower; HP Surges 17%
Delta Air Lines Inc
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The Fed sends the markets a mixed message about the end of quantitative easing; US millionaires aren't investing; immigration reform inches ahead.
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Delta Air rose$. 04 or. 2 percent, to $18.22. JetBlue Airways Corp. rose$. 06 or. 9 percent, to $6.32. United Continental Holdings Inc. rose$. 04 or. 1 percent, to $33.28.
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*Delta eyes chances to ship jet fuel to Midwest markets. And it expect costs will fall further as Delta ramps up supplies of cheap crude to the refinery from the Bakken play in North Dakota.
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*Delta eyes chances to ship jet fuel to Midwest markets. And it expect costs will fall further as Delta ramps up supplies of cheap crude to the refinery from the Bakken play in North Dakota.
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May 22- Delta Air Lines is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on Wednesday.
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The Fed sends the markets a mixed message about the end of quantitative easing; US millionaires aren't investing; immigration reform inches ahead.
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May 22- U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before ordering any, its chief executive told Reuters on Wednesday.
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A few airlines could see their stock price double in the next few years, Wolfe Research's Hunter Keay says.
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Delta Air rose$. 29 or 1.6 percent, to $18.42. JetBlue Airways Corp. rose$. 08 or 1.3 percent, to $6.45. Southwest Airlines Co. fell$. 10 or. 7 percent, to $14.21.
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May 22- Delta Air Lines wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co, and would be willing to forgo such support for its own purchases of smaller jets if all such subsidies were eliminated, the chief executive said on Wednesday.
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Delta Air fell$. 23 or 1.3 percent, to $18.13. JetBlue Airways Corp. rose$. 01 or. 2 percent, to $6.37. Southwest Airlines Co. rose$. 06 or. 4 percent, to $14.31.
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SAO PAULO, May 21- SkyWest Inc, the world's largest regional airline group, agreed to buy at least 40 new jets from Brazilian planemaker Embraer SA, in a deal that could climb to 200 aircraft and a total price tag of more than $8 billion.
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WASHINGTON, May 20- The U.S. Supreme Court agreed on Monday to weigh whether federal law prevented a customer from suing an airline for kicking him out of its frequent flyer program for allegedly complaining too frequently about the service.
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SALT LAKE CITY-- Mountain views, faster takeoffs and workout equipment are a few things Salt Lake City officials are considering as they draw up plans for a nearly $2 billion remake of the city's airport. The bulk of the budget for construction comes from fees airlines pay to use the facility and from passengers buying tickets, among a few other sources.
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Delta Air fell$. 06 or. 3 percent, to $18.58. JetBlue Airways Corp. fell$. 11 or 1.6 percent, to $6.42. Southwest Airlines Co. rose$. 21 or 1.5 percent, to $14.35.
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Delta Air rose$. 22 or 1.2 percent, to $18.86. JetBlue Airways Corp. fell$. 03 or. 4 percent, to $6.50. Southwest Airlines Co. rose$. 27 or 1.9 percent, to $14.41.
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"Our carriers' international competitiveness and their ability to tap emerging markets, where GDP growth rate is outpacing the U.S. or outpacing some of the European countries, is really what it's all about," said John Heimlich, chief economist at Airlines for America.
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Delta Air fell$. 13 or. 7 percent, to $18.83. JetBlue Airways Corp. rose$. 01 or. 2 percent, to $6.54. Southwest Airlines Co. fell$. 11 or. 8 percent, to $14.23.
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May 16- More people will likely fly this summer compared with a year ago as U.S. airlines gain a record level of international passengers, an industry association said on Thursday. This week, Delta Air Lines and Southwest Airlines said revenue trends were improving for May after softness in March and April.
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Delta Air rose$. 09 or. 4 percent, to $19.05. JetBlue Airways Corp. rose$. 06 or. 9 percent, to $6.59. Southwest Airlines Co. rose$. 04 or. 3 percent, to $14.38.
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Stocks regained their footing in choppy trading Wednesday, with the Dow and S&P 500 closing at a fresh high, but a sharp decline in Apple kept a lid on the Nasdaq's gains.