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Continental Airlines on Thursday reported a quarterly loss, citing high fuel prices, a weakening economy and a weak U.S. dollar.
Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.
Q: On Fast Money’s trader radar we look at the stock that was lighting up screens across Wall Street. Founded in 1924 as a crop duster, this Atlanta-based airline is now the country's third largest carrier. The stock had one of its best takeoffs ever today after a drop in oil combined with a better than expected earnings report. Who is it?
Stocks pushed higher as oil plunged for the second day in a row and financials staged an across-the-board rally that stemmed investor pessimism about the effects of inflation on the economy.
Delta Air Lines on Wednesday reported a $1 billion quarterly loss after special charges, as the airline industry continues to struggle with sky-high fuel prices.
Oil's move could be a key trend in Wednesday's markets, as traders watch more Fed testimony, a bunch of earnings reports and another helping of inflation data.
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Jim Rogers has a sector pick -- and a major pan: The investor nixed a Fannie Mae/Freddie Mac bailout. So what -does- he like?
Nearly 1.4 billion shares and $15.4 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
Nearly 1.5 billion shares and $16.8 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Check out the bets being made today...
The chief executive officers of a dozen U.S. airlines, beset by record fuel costs that have caused several to cut jobs, reduce capacity and impose higher fees on customers, are now asking for their customers' help to curb the rise of oil prices.
Northwest Airlines said on Wednesday it would cut its frontline and management staff by 8 percent as part of a sweeping capacity reduction aimed at offsetting the soaring cost of jet fuel.
ExpressJet Holdings, the parent of ExpressJet Airlines, said on Tuesday it would suspend branded commercial operations as of Sept.
Wall Street is bracing for a big round of second-quarter earnings reports that few expect to deliver good news for the state of corporate America.
Hedging is a financial strategy that lets airlines or other investors protect themselves against rising prices for commodities such as oil by locking in a price for fuel. It has been described as everything from gambling to buying insurance.
Delta and Northwest pilot negotiators say they have a tentative agreement with Delta management on a joint contract to cover both pilot groups when the companies combine later this year.
UAL, parent of United Airlines, said Monday it plans to lay off 950 pilots as it prepares to cut domestic capacity to offset soaring fuel prices.
Nearly 1.4 billion shares and $20 billion traded Friday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...
Stocks fell sharply Friday as oil prices climbed about $3 and a concoction of rumors and bad news shook up the banking sector. Rounding the bend toward the closing bell, the Dow was off nearly 4 percent for the week, the S&P off 3 percent and the Nasdaq off 2 percent.
Nearly 1.7 billion shares and $24 billion traded yesterday in CNBC's Million Dollar Portfolio Challenge. Here are the bets being made today...