"The company has continued to experience a modest improvement in passenger demand and bookings in June 2020—primarily leisure-driven demand," Southwest said. In the second quarter, Southwest said it expects average daily core cash spending of between $30 million and $35 million. Last week, American Airlines said it expects to halt its daily cash burn by the end of 2020, thanks to cost-cutting measures and an improvement in travel demand....
During a particularly tense exchange at a Senate Commerce committee hearing on aircraft certification, Senator Ted Cruz accused Dickson of speaking in the passive voice as a way of "avoiding responsibility" after Dickson told him "mistakes were made." "So unknown somebodies made unspecified mistakes for which there were no repercussions," Cruz said....
"This record of delay and non-responsiveness clearly shows at best an unwillingness to cooperate," Senator Roger Wicker told FAA Chief Steve Dickson at the opening of a Senate Commerce Committee hearing on aircraft certification. Congressional investigators for more than a year have been seeking documents and interviews with FAA officials to shed more light on the certification of the 737 MAX and key safety systems that have been faulted in the two fatal crashes....
The head of the Federal Aviation Administration is set to testify on Wednesday before a Senate committee on the safety certification of jetliners like Boeing Co's 737 MAX, still grounded after fatal crashes. The Senate Commerce committee hearing at 10 a.m. EDT (1400 GMT) gives lawmakers a chance to question FAA Administrator Steve Dickson about bipartisan legislation introduced Tuesday that would grant the FAA more power over Boeing's aircraft designs....
Here's a roundup of top developments in the biotech space over the last 24 hour.Scaling The Peaks (Biotech Stocks Hitting 52-week Highs June 16) * ADC Therapeutics SA (NYSE: ADCT) * Adverum Biotechnologies Inc (NASDAQ: ADVM) (named a new CEO) * Amicus Therapeutics, Inc. (NASDAQ: FOLD) * Applied Molecular Transport Inc (NASDAQ: AMTI) (IPOed June 5) * Biohaven Pharmaceutical Holding Co Ltd (NYSE: BHVN) * Eli Lilly And Co (NYSE: LLY) (announced FDA approval for its rapidly-acting insulin injection, and positive results for its breast cancer study) * Brainstorm Cell Therapeutics Inc (NASDAQ: BCLI) * Celldex Therapeutics, Inc. (NASDAQ: CLDX) * Celsion Corporation (NASDAQ: CLSN) * Cerus Corporation (NASDAQ: CERS) * Evoke Pharma Inc (NASDAQ: EVOK) * Fennec Pharmaceuticals Inc (NASDAQ: FENC) * Ideaya Biosciences Inc (NASDAQ: IDYA)( announced an oncology partnership with GlaxoSmithKline plc (NYSE: GSK)) * Immunovant Inc (NASDAQ: IMVT) * ITAMAR MED LTD/S ADR (NASDAQ: ITMR) * Momenta...
