The transports may not be telling a tale of doom, and the reason for the selloff in the airlines Wednesday may help to explain that.» Read More
Some of the names on the move ahead of the open.
May 13- Delta Air Lines Inc announced a new $5 billion share buyback program and raised its quarterly dividend, aimed at returning more than $6 billion to shareholders through 2017.. Delta said it was on-track to complete the remaining $725 million from its previous $2 billion buyback program by June 30, one and a half years ahead of schedule.
DUBAI, May 13- Dubai's Emirates airline could expand its route network by using European hubs to fly into North and South American cities, its president said, a move that could anger U.S. carriers which accuse it of competing unfairly through state subsidies. Emirates is considering plans to open new routes to U.S. cities from Dubai, as well as flying new routes from...
1. Hawaiian Airlines, 87.3 percent. 2. Alaska Airlines, 85.6 percent. 10. American Airlines, 75.4 percent.
Wearable technology, most notably in the form of Apple's pricy new watch, offers the promise of new tools for travel.
The Chicago- based carrier said in a statement it plans to halt service to Stockholm and Oslo from its Newark, New Jersey, hub between Sept. 5 and May 4, 2016. It also expects to suspend one of its two daily flights between Newark and Paris from Oct. 25 through March 26, 2016, but use a larger aircraft, the Boeing Co 777-200, than it currently does on the flight that remains.
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...
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...
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,...
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*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.
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.
*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.
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.