Some of Thursday's midday movers:» Read More
DALLAS— Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Southwest Airlines Co. expects its fuel bill for 2015 to be $1.7 billion lower than in 2014. "Our earnings outlook is superb if for no other reason than fuel costs are down dramatically," said CEO Gary Kelly. Southwest's net income dropped...
JPMorgan airline analyst Jamie Baker told CNBC that lower fuel costs probably won't translate into cheaper airfares.
Some of Thursday's midday movers:
On Thursday, Alaska Airlines projected a group low of $1.85 per gallon for the first quarter, down from $2.64 in the fourth quarter of 2014. United Airlines said it will pay between $1.96 and $2.01 per gallon for the quarter, down from $2.83 in the prior quarter. Southwest Airlines said it will pay $1.90 per gallon in the first quarter, down from $2.62 the previous...
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Jan 20- With plummeting oil prices expected to cut airlines' costs by billions of dollars, Delta Air Lines Inc said Tuesday that it will channel the savings toward debt reduction and returning more cash to shareholders. Delta's shares surged 7.3 percent, making it the biggest percentage gainer in the S&P500, while American Airlines Group Inc shares rose 5.9...
NEW YORK— Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:. Delta Air Lines Inc., up $3.33 to $49.17. Johnson& Johnson, down $2.75 to $101.29.
Stocks rose on Tuesday as investors tracked the price of oil and fourth-quarter earnings.
DALLAS— Airlines will save billions this year thanks to cheaper jet fuel, but they aren't likely to share the bounty with passengers— not while so many flights are already full. Instead, the airlines will use their windfall to pay down debt and reward shareholders. If prices stay around these levels, U.S. airlines could save $20 billion this year by some estimates.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Copa Holdings S.A. rose 8.8 percent to $113.16. Orbitz Worldwide rose 8.6 percent to $9.95.
Some of Tuesday's midday movers:
Delta Air Lines said it lost $712 million last quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates.
Banks at both the regional and national levels continue to disappoint the earnings season as Alabama's Regions Financial missed earnings.
Delta Air Lines rose the most in the index, 5.2 percent, after the company's quarterly results beat Wall Street expectations. The price of benchmark U.S. crude oil fell $2.02, or 4 percent, to $47.11 a barrel. Major stock markets in Europe headed higher as a survey showed market optimism rose more in Germany than expected and a survey of bank lending showed more...
Jan 20- Delta Air Lines Inc said on Tuesday it lost $712 million in the fourth quarter largely due to fuel hedge settlements, although the carrier topped analysts' estimates and offered positive outlook for the start of 2015.. The Atlanta- based carrier lost 86 cents per diluted share, including a $1.2 billion charge for mark-to-market adjustments on fuel hedges,...
U.S. stock index futures signaled a higher open as investors gear up for a big day of major earnings, amid speculation that the ECB will announce QE.
Some of the names on the move ahead of the open.