Jan 11- United Continental Holdings Inc said on Wednesday it had advanced the retirement of 747 s from its service to the fourth quarter of this year from end-2018. United will replace the Boeing 747 fleet, which it has been flying since 1970, with other fuel-efficient, cost-effective and widebody aircraft, Scott Kirby, president, United Airlines, wrote in a blog....
DUBAI, Jan 11- Saudi Arabia's flynas has struck a deal with Airbus to buy planes worth $8.6 billion, Kingdom Holding, which owns 34.1 percent of the budget carrier, said on Wednesday. Airbus finalized a deal to sell more than 60 jets to flynas, industry sources told Reuters on Tuesday, with one adding that the order was expected to cover more than 60 A320neo narrow body...
Jan 11- American Airlines Group Inc, operator of the No. 1 U.S. airline by passenger traffic, raised its estimates for a key industry revenue measure and its pretax margin for the fourth quarter, citing improving average fares. The company, whose shares were up 1.4 percent at $49.15 in premarket trading on Wednesday, said it now expected quarterly unit revenue to be...
"It's virtually impossible to unwind what's been created to this point," says Union Pacific chief Lance Fritz.
Jan 11- American Airlines Group Inc raised its forecasts for a key industry revenue measure and pretax margin for the current quarter, citing improving average fares. American, the No.1 U.S. airline by passenger traffic said on Wednesday it now expected its fourth-quarter unit revenue to be flat to up 2 percent. The company's previous forecast ranged from a...
*Services in neighboring Abu Dhabi still halted. DUBAI, Jan 11- Ride-hailing service Uber signed an agreement with Dubai's transport authorities on Wednesday to become fully regulated after a series of clashes over pricing and availability. Under the deal between Uber and the Roads and Transport Authority, Uber will be able to use 14,000 vehicles through its...
Supervalu, Ford, and Boeing stocks are making headlines this Wednesday morning on Wall Street.
Airbus posted an eight percent rise in deliveries last year, beating its own forecasts by a comfortable margin to set a company record.
Tigerair Australia said it cancelled flights to Indonesia's Denpasar Bali airport on Wednesday, citing new requirements from Indonesia.
Boeing warned on Tuesday that it will conduct involuntary layoffs of engineers as the company responds to increasing competition.
China has unveiled plans to partially privatize the country's industrial champions, including the state railway system, the SCMP reports.
Mohsen Mohsenpour, co-founder of ShiftRide, talks about how his company allows car owners to monetize idle cars by renting them out.
D.R. Barton at Moneymorning.com says that he has a muted expectation of Airbus guidance but the strong USD gives the company a competitive edge.
DETROIT, Jan 10- Ford Motor Co on Tuesday confirmed that it would be less profitable in 2017 than last year, even as cross town rival General Motors Co on the same day gave a much more upbeat forecast that surpassed Wall Street expectations. GM, the largest U.S. automaker, said it expected 2017 earnings per share in a range of $6 to $6.50. Ford on Tuesday declared a...
The "Fast Money" traders discuss the trade on airlines, with the XAL ETF up more than 2 percent.
The "Fast Money" traders give you 5 ways to trade transports during earnings.
The last time the S&P 500 did this was Jan. 3, 2008.
The lubricant maker reported on Monday fiscal 2017 first-quarter earnings per share of 82 cents, coming in below estimates.
American contractors are getting their shovels ready for the Trump administration and they plan to boost payrolls to take on new projects.
The Icelandic discount carrier offers low-cost fares for flights from Los Angeles and San Francisco to four destinations in Europe.
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