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NEW YORK— Southwest Airlines has been downgraded by S&P Capital IQ, which cited a recent run-up in the company's share price and its history of flight delays. Southwest, which also operates AirTran Airways, reported this week that a key revenue figure jumped more than 8 percent in the second quarter, compared with a year earlier.
Delta Air rose$. 35 or. 9 percent, to $37.31. JetBlue Airways Corp. fell$. 06 or. 6 percent, to $10.60. Southwest Airlines Co. rose$. 01 or percent, to $27.22.
Increasing demand from low-cost airlines and booming airline travel in Asia – China in particular – drove Boeing to raise its forecast for new planes.
Take a look at some of Wednesday's midday movers:
Southwest Airlines is launching three flights to the Caribbean after 43 years of steadily expanding in the continental U.S.
United Airlines will soon offer Goose Island Beer Company's 312 Urban Wheat Ale on worldwide flights and in its U.S. airport lounges.
SEATTLE, June 26- Virgin America and its flight attendants will find out on August 13 whether an effort to form the first union at the California- based airline succeeds or fails, The National Mediation Board said on Thursday. Virgin America remains the last non-union airline among U.S. carriers after JetBlue Airways pilots voted in April to organize.
June 26- Benet Wilson is one of the 2.5 million Americans who have paid a yearly fee to skip security lines at airports and thinks it's worth every penny she paid for a five-year membership in the Global Entry program offered by the U.S. Customs and Border Protection department. The value of spending $100 for Global Entry comes down to how often you fly.
SEATTLE, June 25- Flight attendants at Virgin America are due to begin voting next month on whether to join a union, which would be the first at the California- based airline. Virgin America remains the last non-union airline among U.S. carriers after JetBlue pilots voted in April to organize.
A federal judge ordered the government to revise its no-fly list, ruling it violates constitutional rights to travel freely.
*Company changed name to Airbus Group from EADS. ATLANTA, June 17- Airbus Group's recent name change is enhancing how the European weapons and planemaker is perceived, particularly among U.S. government customers, a company executive said on Tuesday. The new name matched the company's legal title to its flagship brand and commercial plane unit, Airbus.
JetBlue Airlines is introducing its new "Mint" premium service designed to attract new business travelers. Dave Barger, JetBlue Airways CEO & president, discusses how the new service will affect ticket prices and comments on his potential retirement.
"Airlines have for years turned a blind eye to their own baggage restrictions," says Tim Winship, editor of FrequentFlier.com, a travel website. Among the three largest airlines- American Airlines, Delta Air Lines and United Airlines- only United says it is taking a harder line on the size of luggage destined for overhead bins.
Stocks declined on Thursday after retail sales figures disappointed and energy costs rose.
Some of Thursday's midday movers:
American Airlines Group Inc, the world's largest carrier, tumbled 5.4 percent, while United Continental Holdings Inc 5.7 percent and Delta Air Lines Inc dropped 5 percent. Southwest Airlines Co and JetBlue Airways Corp were both down more than 4 percent.
Some of Wednesday's midday movers:
Starting Sunday, JetBlue will offer business-class seats from $599 on its Los Angeles to New York route.
June 10- United Airlines, moving to sweeten awards for its biggest spenders, on Tuesday said it plans to base its frequent-flier rewards program on ticket prices rather than miles traveled. Delta Air Lines announced a similar change to its SkyMiles loyalty program earlier this year.
CNBC's Morgan Brennan reports from JFK Airport on JetBlue's new premium service, Mint. JetBlue Founder and Former CEO David Neeleman, shares his opinions.