The TSA said unscheduled absences of airport security screeners, who are going unpaid in the partial shutdown, hit a record high of 10 percent. » Read More
By: Leslie Josephs
Airlines waived change fees ahead of winter storm Harper. Travelers can change their tickets to travel as late as next week as the storm approaches the East Coast, bringing snow, sleet and heavy rain. » Read More
By: Leslie Josephs
The Transportation Security Administration says unpaid airport screeners have not been showing up to work because of financial reasons. TSA's ranks of 51,000 have been deemed essential and have been ordered to work without paychecks in the shutdown. » Read More
By: Michael Sheetz
General Electric may yet sell its valuable aviation financing and leasing business, GE Capital Aviation Services, as the embattled conglomerate looks at ways to boost its fallen value. » Read More
Matt Maley of Miller Tabak and Michael Bapis of Vios Advisors take contrarian views on General Electric after J.P. Morgan issued a warning on the stock ahead of its earnings.
The CEO of United Airlines said the carrier is worried about the prolonged U.S. government shutdown, but said the material impact is not yet "significant." Munoz's comments come a day after Delta's CEO said the shutdown will cost it $25 million this month.
United Continental Holdings, the parent of the airline, beat revenue and profit estimates in the fourth quarter.
On Monday, one options trader made a million-dollar bet that GE would be back above $10 per share by the beginning of 2020.
Delta Air Lines expects the U.S. partial government shutdown will delay the start of its new Airbus A220 jets, a plane it hopes will attract high-paying business travelers.
General Electric's upcoming earnings report will likely be "unfavorable" for the stock after its recent run up, J.P. Morgan said on Tuesday.
Delta Air Lines CEO Ed Bastian said the partial U.S. government shutdown will cost it $25 million in lost revenue this month as fewer government contractors are traveling.
Delta's fourth-quarter profits came in higher than Wall Street's expectations. Its shares dropped 2 percent in premarket trading.
Several large U.S. airports have closed either terminals or checkpoints as more TSA officers, who are not getting regular paychecks in the government shutdown, call in sick. The aviation industry has been among the most vocal against the shutdown.
General Electric's stock is up more 17 percent to start this year and one Wall Street firm says the "end of apocalypse scenarios" are "now at hand" for GE.
Airlines that have been battered by investors are set to report fourth-quarter earnings this week. Cheaper fuel, economic growth worries and the longest U.S. government shutdown in history will likely come up on calls.
The main airports of Miami and Houston shut security checkpoints after more TSA officers, working without paychecks, called in sick, as the partial government shutdown became the longest ever.
The union representing the United States' air traffic controllers is suing the administration of President Donald Trump over their pay, which is frozen in the partial government shutdown.
The aviation industry urged President Trump and lawmakers on Thursday to end the government shutdown, complaining that the impasse is impeding them from launching new jets, routes and safety inspections due to furloughed federal workers.
American Airlines shares tumbled Thursday after the carrier cut its profit forecast and issued revenue guidance at the low end of its range, casting more gloom over the airline sector.
TSA officers are preparing for their first missed paycheck since the shutdown began Dec. 22. The some 51,000 officers are among the roughly 420,000 essential federal employees who are required to work through the shutdown.