Southwest Airlines Co
Alaska Airlines plans new nonstop flights to Japan, Korea in $1 billion postmerger profit push
Alaska Airlines planes. Anadolu | Anadolu | Getty Images Alaska Air Group expects to grow profits by $1 billion through 2027, and plans to ride the wave of high-end travel demand to get there. Alaska closed its $1.9 billion acquisition of Hawaiian Airlines in September, less than a year after inking the deal that gives […]
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‘Skiplagging’ can save money on flights. Here’s what happens when it goes wrong
Airlines may not be fans of “skiplagging,” but travelers who use it to save money on flights surely are. The practice involves buying a connecting flight, with no intention of taking the second leg of the journey. Flyers do this when they find a connecting flight — that stops at their intended destination — that’s […]
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Stocks making the biggest moves midday: American Eagle Outfitters, American Airlines, Verint Systems and more
Check out the companies making headlines in midday trading. American Eagle Outfitters – The stock fell 14% after the apparel retailer missed revenue expectations for the third quarter and provided weak holiday guidance. The company anticipates that comparable sales will rise 1% and total sales will decline 4%. Analysts were expecting comparable sales growth of […]
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Southwest, American raise sales outlooks, shares jump
A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said fourth-quarter unit revenue will likely rise between 5.5% and […]
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Frontier Airlines will install first-class seats as industry battles for high-paying flyers
Frontier Airlines planes are parked at gates in Denver International Airport (DEN) in Denver, Colorado, on August 5, 2023. Daniel Slim | Afp | Getty Images Frontier Airlines, one of the world’s biggest budget airlines, is adding first-class seats. Its change in strategy comes as as the industry is battling for customers who are willing […]
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Why flights to Europe are the cheapest they’ve been in years
A tourist takes a photo as the Acropolis’ Propylaea are seen in the background, in Athens, Greece, on June 28, 2024. Elias Marcou | Reuters Flights between the U.S. and Europe have not been this cheap in three years, when many countries were just lifting Covid-19 era rules. Fares are low even for the traditionally […]
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Companies brace for Tuesday: Mentions of election surge on earnings conference calls
Voters walk to cast their ballots during early voting in the presidential election at a polling station at the C. Blythe Andrews, Jr. Public Library in Tampa, Florida, U.S., November 1, 2024. Octavio Jones | Reuters Executives at America’s largest companies are talking publicly with investors about the presidential election more so than in recent […]
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Stocks making the biggest moves premarket: Tesla, UPS, Lam Research, IBM and more
Check out the companies making headlines before the bell. Tesla – Shares of the electric vehicle maker soared nearly 13% thanks to the company’s better-than-expected profit for the third quarter. The company also expects to see vehicle growth of 20% to 30% next year, according to CEO Elon Musk. United Parcel Service – The parcel […]
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Southwest Airlines profit tops estimates, expects higher revenue in fourth quarter
Southwest Airlines‘ third-quarter profit fell from a year ago but topped Wall Street estimates as the carrier worked to drum up revenue and fend off activist investor Elliott Investment Management. Elliott and Southwest struck a deal, announced Thursday, that averts a proxy fight and adds six of the activist’s candidates to the board. CEO Bob […]
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Southwest and Elliott near settlement which would end proxy fight, source says
A Southwest Airlines Boeing 737 jet departs from San Diego International Airport en route to St. Louis on August 24, 2024 in San Diego, California. Kevin Carter | Getty Images Activist investor Elliott Investment Management and Southwest Airlines are close to a settlement deal that would give Elliott a sizable representation on the company’s board, […]
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