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
French official: Air Algerie flight carrying 116 people vanishes over northern Mali Applications for US jobless benefits dip to 284,000; lowest level since February 2006 World shares subdued despite China manufacturing as reports say EU mulls new Russia sanctions General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again Flush with more revenue, American Airlines posts profit, declares first dividend since 1980 With summer travel season in full swing, United Airlines breaks into the black Higher fares, more full seats help push Southwest Airlines to record 2 Q profit of $465 million Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Caterpillar 2nd- quarter profit rises, revenue falls; lifts full-year earnings forecast
DALLAS— Southwest Airlines is reporting a record profit for the second quarter, more than doubling what it earned a year ago. Southwest said Thursday that net income rose to $465 million.
July 24- Southwest Airlines Co posted higher-than-expected quarterly profit on Thursday as it boarded more passengers and garnered higher air fares. Net income totaled $465 million, or 67 cents a share, in the second quarter, more than double the year-earlier profit of $224 million or 31 cents a share.
FORT WORTH, Texas— American Airlines says it will pay its first dividend since 1980.. American Airlines Group Inc. made the announcement as it reported net income of $864 million in the second quarter, up from $220 million a year earlier. Southwest Airlines pays one, and Delta Air Lines restored its dividend last year.
An earnings deluge will hit the stock market Thursday, and analysts say that mostly good reports could continue to drive new highs.
US aviation authorities on Wednesday extended a ban on US airlines flying to Israel's Ben Gurion International Airport for another 24 hours.
Delta Air rose$. 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 $27.95.
After days of outrage over the handling of the Flight MH17 crash site in Ukraine, European ministers meet to discuss further sanctions against Russia.
Delta Air rose$. 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.
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.
The gains wiped out much of the market's losses from the day before, when the downing of a Malaysian Airlines passenger jet in eastern Ukraine stirred concerns that tensions between Russia and the West could escalate. Israel's launch of a ground offensive into Gaza also stoked geopolitical uncertainty.
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 $28.03.
Delta Air rose$. 08 or. 2 percent, to $37.31. JetBlue Airways Corp. fell$. 05 or. 4 percent, to $10.78. Southwest Airlines Co. rose$. 22 or. 8 percent, to $27.66.
Delta Air rose$. 26 or. 7 percent, to $37.49. JetBlue Airways Corp. fell$. 08 or. 7 percent, to $10.75. Southwest Airlines Co. rose$. 26 or. 9 percent, to $27.70.