Delta Air Lines Inc
Stocks making the biggest moves midday: JetBlue, Sprouts Farmers Market, Varonis Systems and more
Check out the companies making headlines in midday trading: JetBlue — The airline soared almost 20% after reporting second-quarter earnings that beat analysts’ expectations . The New York City-based carrier posted adjusted earnings of 8 cents per share, excluding one-time items, compared to analysts’ estimated loss of 11 cents per share, according to LSEG. Revenue […]
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CrowdStrike shares plunge 11% to lowest level of the year on report that Delta may seek damages
Sopa Images | Lightrocket | Getty Images Crowdstrike shares fell tumbled% on Tuesday to their lowest level of the year following a report that Delta Airlines hired prominent attorney Davide Boies to seek damages from the security software vendor. Crowdstrike fell $28.98 to $228.83 as of early afternoon trading. The company has now lost one-third […]
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Delta hires David Boies to seek damages from CrowdStrike, Microsoft after outage
Delta Air Lines has hired prominent attorney David Boies to seek damages from CrowdStrike and Microsoft following an outage this month that caused millions of computers to crash, leading to thousands of flight cancellations. CrowdStrike shares fell as much as 5% in extended trading on Monday after CNBC’s Phil Lebeau reported on Delta’s hiring of […]
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U.S. airlines cut growth plans in a bid to stem profit-eating fare discounts
Airplanes from United and JetBlue and Delta populate the taxiway at Laguardia Airport in the Queens borough of New York City. Bruce Bennett | Getty Images U.S. airlines are reducing their capacity through the end of the year in a bid to cool an oversupplied domestic market that has led to lower fares and reduced […]
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The Olympic Games attract huge numbers, but they also repel many visitors too
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications that a travel boom was all but assured. Source
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‘Sports tourism’ is huge. But the Summer Olympics caused travel to Paris to plummet
Was it the Parisians who bluntly told travelers “do not come” to Paris during the Summer Games? Or did sky-high prices for hotel rooms, house rentals and event tickets turn travelers away? For a multitude of reasons, many people — including residents — avoided Paris in the build-up to the Olympic Games, despite prognostications […]
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These stocks have strong balance sheets as broader market sells off
Companies with stronger balance sheets may give investors a leg up when markets become tumultuous — and Wolfe Research has a few stocks that could fit the bill. A combination of disappointing tech earnings, uncertainty around the presidential election this November and an imminent rate-cutting cycle sent investors scurrying out of megacap tech titans and […]
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Southwest profit falls 46% as airline takes ‘urgent’ steps to increase revenue
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Gary Hershorn | Corbis News | Getty Images Southwest Airlines on Thursday forecast a potential drop in unit revenue for the third quarter as an oversupplied U.S. market has forced airlines to discount tickets […]
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Southwest to get rid of open seating, offer extra legroom in biggest shift in its history
A Southwest commercial airliner takes off from Las Vegas on Feb. 8, 2024. Mike Blake | Reuters Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. […]
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CNBC Daily Open: Wall Street looks past political uncertainty
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, […]
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