A former advertiser is pursuing an acquisition of SkyMall, just days after the in-flight catalog filed for bankruptcy protection.» Read More
But for the first time since 2009, most Americans are paying less than $2 a gallon. "It's crazy," says Michael Noel, an economics professor at Texas Tech University who studies oil and gasoline prices. U.S. crude oil traded Friday just below $46 a barrel and the average price for a gallon of gas was $2.04.
Jan 23- SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest. Xhibit and SkyMall filed for Chapter 11 protection from creditors on Thursday night in the U.S. bankruptcy court in Phoenix,...
Delta Air rose$. 29 or. 6 percent, to $50.99. JetBlue Airways Corp. fell$. 12 or. 7 percent, to $16.36. Southwest Airlines Co. rose$. 21 or. 5 percent, to $45.56.
Asian equity markets posted an upbeat performance on Friday, after the European Central Bank unleashed a massive stimulus package to resuscitate the euro zone.
On Thursday, Southwest Airlines estimated it would save $1.7 billion on fuel in 2015. Delta Air Lines tallied its 2015 savings at more than $2 billion, while fuel price forecasts from United Airlines and Alaska Airlines promised similar cost reductions. Southwest's stock surged more than 8 percent. The carriers said they had already dipped into savings to...
Delta Air rose $1.52 or 3.1 percent, to $50.70. JetBlue Airways Corp. rose $1.20 or 7.9 percent, to $16.48. Southwest Airlines Co. rose $3.52 or 8.4 percent, to $45.35.
NEW YORK— Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market:. Southwest Airlines Co., up $3.52 to $45.35. Discover Financial Services, down $3.52 to $57.32.
Stocks turned higher on Thursday after the European Central Bank unveiled a bond-buying program.
DALLAS— Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Southwest Airlines Co. expects its fuel bill for 2015 to be $1.7 billion lower than in 2014. "Our earnings outlook is superb if for no other reason than fuel costs are down dramatically," said CEO Gary Kelly. Southwest's net income dropped...
JPMorgan airline analyst Jamie Baker told CNBC that lower fuel costs probably won't translate into cheaper airfares.
Delta Air rose $1.05 or 2.1 percent, to $50.23. JetBlue Airways Corp. rose$. 98 or 6.4 percent, to $16.26. Southwest Airlines Co. rose $2.98 or 7.1 percent, to $44.81.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. City National Corp. rose 18.9 percent to $88.68. Avon Products Inc. rose 14.6 percent to $8.66.
Some of Thursday's midday movers:
Delta Air rose$. 67 or 1.4 percent, to $49.85. JetBlue Airways Corp. rose$. 78 or 5.1 percent, to $16.06. Southwest Airlines Co. rose $2.55 or 6.1 percent, to $44.38.
On Thursday, Alaska Airlines projected a group low of $1.85 per gallon for the first quarter, down from $2.64 in the fourth quarter of 2014. United Airlines said it will pay between $1.96 and $2.01 per gallon for the quarter, down from $2.83 in the prior quarter. Southwest Airlines said it will pay $1.90 per gallon in the first quarter, down from $2.62 the previous...
CNBC's Jim Cramer explains why this stock is "worth every penny."
Southwest Airlines on Thursday reported profit that beat analysts' expectations and projected significant savings from the cascading cost of fuel.
Jan 22- Southwest Airlines Co on Thursday reported profit that beat analysts' expectations and projected significant savings from the cascading cost of fuel. Southwest projected its fuel costs for the first quarter to be about $1.90 per gallon, which it says would amount to half a billion dollars in savings year-over-year. "Their costs overall are coming in a...
U.S. stock index futures signaled a higher open as all eyes were fixed on the ECB Mario Draghi, who is expected to announce a bond-buying program.
DALLAS— Southwest Airlines Co.' s fourth-quarter net income slipped 10 percent due to the effect of fuel-hedging contracts that lost value as oil prices tumbled, but the company's results beat Wall Street expectations. That reduces Southwest's spending— labor surpassed fuel as the airline's biggest single expense in 2014. And it should get better— Southwest...