Everyone was waiting for a catalyst to end the bull market—the downing of Flight MH17 plane may be it, says hedge-fund manager Todd Schoenberger.» Read More
American Airlines announced Thursday that it would pay its first dividend in 34 years, and both American and United Airlines announced big plans to buy back their own stock, a strategy designed to boost the value of remaining shares.
United Continental Holdings also said it would repurchase $1 billion in stock. Delta Air Lines resumed a dividend and buyback last year and Southwest Airlines also pays dividends. Among the smaller carriers, Alaska Air Group pays a dividend.
Delta Air fell$. 30 or. 8 percent, to $38.85. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $11.30. Southwest Airlines Co. fell$. 01 or percent, to $28.86.
Delta Air rose$. 08 or. 2 percent, to $39.23. JetBlue Airways Corp. rose$. 03 or. 2 percent, to $11.31. Southwest Airlines Co. fell$. 22 or. 8 percent, to $28.65.
NEW YORK— JetBlue Airways Corp. on Thursday reported earnings that climbed sixfold in its second quarter. The company said profit increased to $230 million, or 68 cents per share, from $36 million, or 11 cents per share, in the same quarter a year ago. JetBlue Airways shares have climbed $2.74, or 32 percent, to $11.28 since the beginning of the year.
An earnings deluge will hit the stock market Thursday, and analysts say that mostly good reports could continue to drive new highs.
US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.
Delta Air rose$. 53 or 1.4 percent, to $37.68. JetBlue Airways Corp. rose$. 07 or. 7 percent, to $10.78. Southwest Airlines Co. rose$. 39 or 1.4 percent, to $28.05.
Delta Air rose$. 52 or 1.4 percent, to $37.67. JetBlue Airways Corp. rose$. 07 or. 7 percent, to $10.78. Southwest Airlines Co. rose$. 29 or 1.0 percent, to $27.95.
After days of outrage over the handling of the Flight MH17 crash site in Ukraine, European ministers meet to discuss further sanctions against Russia.
*U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
Delta Air rose$. 39 or 1.0 percent, to $37.54. JetBlue Airways Corp. rose$. 06 or. 6 percent, to $10.77. Southwest Airlines Co. rose$. 21 or. 7 percent, to $27.87.
BOSTON— A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common. Police said John Manwaring, 42, of Maitland, Florida, and a woman with him were charged with heroin possession. Police said Manwaring told them he was a pilot and had arrived in Boston on Sunday.
The U.S. Department of Transportation said Monday that the nation's passenger airlines had the equivalent of 385,619 full-time workers in May, up 1.1 percent from May 2013. Delta, American, US Airways and JetBlue added jobs while United shrunk 2.5 percent and Southwest slipped by 0.3 percent.
Malaysian Transport Minister Liow Tiong Lai flying to Ukraine to assist in investigation, believes plane had been shot down.
The journey of the 298 souls on board the ill-fated Flight MH17 was violently cut short at 30,000 feet above ground, victims of a war not their own. NBC reports.
CHICAGO— The parent company of United Airlines says it will take charges of $169 million against second-quarter earnings to cover costs of grounding planes and other moves. United Continental Holdings Inc. said Thursday that it would report costs of $66 million to permanently ground 21 Embraer regional jets used by its United Express unit.
Delta Air fell$. 20 or. 5 percent, to $37.83. JetBlue Airways Corp. rose$. 09 or. 8 percent, to $10.91. Southwest Airlines Co. rose$. 05 or. 2 percent, to $27.95.
Delta Air rose$. 16 or. 4 percent, to $38.19. JetBlue Airways Corp. rose$. 02 or. 2 percent, to $10.84. Southwest Airlines Co. rose$. 13 or. 5 percent, to $28.03.