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Airlines stocks are flying high, leaving the global recession in their wake as the price of crude oil continues to tumble. The unprecedented plunge in oil prices have led many of the airlines stocks higher, with 64% of the AMEX Airline Index components gaining above 15% in the past six months.
When oil prices spiked to unprecedented altitudes, airlines were hurting. Oil prices have now plunged — and airlines, which had hedged their fuel purchases at much higher levels, are hurting even more. So why does Hunter Keay of Stifel Nicolaus Capital Markets think now might be a good time to buy airline stocks?
Detroit auto makers should be rescued, but through a planned bankruptcy overseen by the federal government, according to real estate magnate Donald Trump.
Stocks rallied Tuesday as investors scooped up bargains and were encouraged by news that General Electric will keep its dividend intact.
Stocks rose sharply Tuesday as investors scooped up beaten-down stocks after the prior session's selloff that saw the Dow give back 700 points.
Stocks opened higher Tuesday, clawing back some of what they lost Monday, when the Dow shed nearly 700 points.
Cramer makes the call on viewers' favorite stocks.
Delta Air Lines (DAL) and Northwest Airlines' (NWA) merger was approved yesterday by the Justice Department, creating the world's biggest airline. Both emerged from bankruptcy last year and now they are looking to join forces. Here is a look at M&A and bankruptcies in the turbulent airline industry.
The recent declines in the price of oil make airline stocks such as Delta and Continental attractive at current "fire-sale" prices, Ray Neidl, airline analyst from Calyon, told CNBC.
Stocks declined Wednesday as comments from Federal Reserve Chairman Ben Bernanke sent the already-rattled market to session lows.
Stocks opened lower Wednesday after a trio of dismal economic news and a profit warning from JPMorgan Chase.
Futures fell sharply Wednesday after a trio of dismal economic news and a profit warning from JPMorgan Chase.
Falling fuel costs took some of the sting out of Delta Air Lines third-quarter loss, but earnings were still down sharply from a year ago.
For the week ending Friday, September 26, 2008, the major U.S. Indices tumbled for the week as uncertainty lingered over the Congressional $700B bailout package. We also witnessed a historic bank failure, unsatisfying housing data, a continued rise in jobless claims, and a record one-day gain in the price of crude. The S&P 500 and NASDAQ Composite shed more than 3% for the week. The NASDAQ had the worst weekly performance amongst the three major indices, losing 3.98%, followed by S&P 500 which lost 3.3%, marking their biggest weekly drops since the start of Sept. for the NASDAQ & since mid May for the S&P.
Melissa Lee sits in for Maria Bartiromo, discussing Thursday's top business and financial stories -- and looking ahead to Friday's events.
Stocks rallied at the close after the Federal Reserve held the line on interest rates and investors were encouraged that Lehman Brothers and American International Group might work out deals to improve their perilous financial situation.
When stadium naming rights started taking hold in the sports stadium building boom of the 90s, the airlines swooped in. Delta bought the rights to the arena in Utah in 1991, America West took Phoenix in 1992, United bought the Chicago Bulls and Chicago Blackhawks venue in 1994.
For the week ending Friday, September 5, 2008, the U.S. markets ended in negative territory for the week after weak employment data and declines in auto and retail sales pointed to weaker consumer spending and a greater economic slowdown. The unemployment rate jumped to a 5-year high, soaring to 6.1%. On Thursday, the three major Indices fell back into bear market territory by dropping 20% from their market peaks set last fall. Both the Dow & Nasdaq Composite had their worst daily closes since July 26, with drops of more than 340 points for the Dow and 75 points for the Nasdaq.
Stocks finished lower Tuesday as weakness in technology stocks sucked the air out the earlier rally inspired by oil's drop and the dollar's surge.
Stocks came charging out of the gate, inspired by oil's drop and the dollar's surge, but weakness in technology stocks sucked the air out of the rally.