Business Transportation

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • COLOMBO, July 21- Sri Lanka's cash-strapped national airline is in talks to lease four of its Airbus A330 planes to Pakistan International Airlines Corp, a government minister said on Thursday, months after cancelling an order for four Airbus A350 aircraft. We will lease one A330, latest next month, on wet lease, " Kabir Hashim, Minister of Public Enterprise...

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • July 21- Southwest Airlines Co reported a lower-than-expected quarterly profit as costs rose and the budget airline forecast a drop in a key profitability metric for the third quarter. Southwest shares fell 3.6 percent to $40.50 in light premarket trading on Thursday. Southwest's total expenses rose 2 percent to $4.11 billion in the second quarter.

  • *Nice attack, Turkey attempted coup unsettle travellers. LONDON, July 21- Last week's deadly attack in Nice and attempted coup in Turkey have created fresh turmoil for European airlines already grappling with the fallout of "Brexit," with easyJet saying it was unable to give an earnings forecast and Lufthansa warning on profit. While Lufthansa did not refer to...

  • LUV CEO: Record quarter despite miss

    Gary Kelly, Southwest Airlines CEO, discusses the company's quarterly results which missed on both top and bottom line. We didn't beat expectations but it was an all-time record quarter, says Kelly. It's a very competitive environment but fuel prices are lower, says Kelly. Kelly also provides insight to airline security.

  • The carrier's net income increased to $820 million, or $1.28 per share, in the second quarter ended June 30 from $608 million, or 90 cents per share, a year earlier. Excluding items, Southwest earned $1.19 per share. Total operating revenue rose 5.3 percent to $5.38 billion.

  • July 21- Alaska Air Group Inc, the operator of Alaska Airlines, reported an 11 percent increase in second-quarter profit, helped by lower fuel prices. The company's net income rose to $260 million, or $2.10 per share, in the quarter ended June 30, from $234 million, or $1.79 per share, a year earlier. Seattle- based Alaska Air said in June that it would buy Virgin America...

  • LONDON, July 21- European stock markets fell on Thursday, weighed down by a drop in the shares of major airlines after Lufthansa issued a profit warning. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both down by 0.5 percent, with many investors focusing on the European Central Bank's meeting later in the day. We don't own any airline...

  • *Nice attack, Turkey attempted coup weigh on consumers. The airline said on Thursday its fiscal fourth quarter would be affected by events last week in two of its key destinations: a truck attack in Nice, France, that killed 84 people and a failed coup in Turkey, but it couldn't say by how much. Concerns around security would add to consumer uncertainty already...

  • VW beat driven by the VW brand: Evercore

    Looking at the European autos market, Arndt Ellinghorst, head of global automotive research at Evercore ISI, discusses the recent earnings from both Volkswagen and Daimler.

  • LONDON, July 21- European shares were steady on Thursday, propped up by gains at consumer goods group Unilever and aluminum producer Norsk Hydro, although airline stocks slumped. The pan-European STOXX 600 index and the similar FTSEurofirst 300 were both flat, with many investors focusing on the European Central Bank's meeting later in the day, at which the ECB...

  • easyJet, Europe's No. 2 low-cost carrier behind Ryanair, failed to provide a profit guidance for the twelve months ended Sept. 30 on Thursday, marking a departure from previous years when it has provided a profit range. The airline said its fourth quarter performance would be affected by two events last week in two of its destinations: the truck attack in Nice,...

  • LONDON, July 21- British low-cost airline easyJet reported an 8.3 percent drop in quarterly revenue per seat, broadly in line with an earlier warning over the impact of cancelled flights, and said that the outcome for the fourth quarter was uncertain. easyJet, Europe's No. 2 low-cost carrier behind Ryanair, said its fourth quarter performance would be affected by...

  • July 20- Delta Air Lines Inc said its $1.9 billion plan to upgrade its terminals at Los Angeles International Airport were approved by the airport on Wednesday. Under a lease approved by Los Angeles World Airports' Board of Airport Commissioners, the carrier will connect terminals 2 and 3 over the next seven years and relocate there from terminals 5 and 6..

  • July 20- Southwest Airlines Co has halted all flight departures temporarily as it works to resolve issues impacting multiple technology systems, a spokesman said in a statement Wednesday. Southwest spokesman Dan Landson said a team is working to resolve the issues that began Wednesday afternoon following an outage. The airline tweeted at 4:55 p.m. Eastern...

  • A customer shops in a supermarket in Princeton, Illinois.

    Anheuser-Busch InBev's shares rose more than one percent Wednesday after the beverage maker won U.S. antitrust approval to merge with SABMiller.

  • SAN FRANCISCO/ WASHINGTON July 20- The top U.S. auto safety regulator said the government will not abandon efforts to speed the development of self-driving cars, despite a fatal accident involving a Tesla Model S operating on an autopilot system. National Highway Traffic Safety Administration chief Mark Rosekind said at a conference Wednesday the agency is...

  • WASHINGTON, July 20- Four U.S. carriers have won tentative approval to launch daytime U.S. flights to Tokyo's Haneda airport as early as this fall, the U.S. Transportation Department said on Wednesday. Approvals were given to Delta for flights from Los Angeles and Minneapolis, Hawaiian from Honolulu, American from Los Angeles, and United from San Francisco.

  • July 20- Southwest Airlines Co is investigating technical issues impacting all its online platforms, the company tweeted on Wednesday. Customers reported on Twitter that they could not check in to flights on the No.4 U.S. airline by passenger traffic. It appeared to first acknowledge the issues in a reply to a user on Twitter at 2:45 PM Eastern.

Contact Transportation

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    Get these newsletters delivered to your inbox, and more info about about our products and service. Privacy Policy.