Skip to content
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]...
(Bloomberg) -- U.S. airlines and rental car stocks added $8.6 billion in market value Thursday after American Airlines Group Inc. said it plans to boost flights by 74% next month, suggesting that the worst of the pandemic-led travel standstill has passed.American surged 41% -- adding $2.1 billion to its own market value -- after saying its July schedule would see about 4,000 flights on its busiest days, up from about 2,300 flights now. Rival airlines, as well as rental car operators Hertz Global and Avis Budget Group, also rose as the expanded schedule echoed indications from peers that passenger demand is returning after all but disappearing in April as the coronavirus spread.The 9-member S&P Supercomposite Airline Index advanced 13% following the news Thursday. The gains boosted Delta Air Lines’s market cap by $2.5 billion, United’s by $1.6 billion and Southwest’s by $1.1 billion. The five remaining components grew by $1.2 billion...
As the S&P 500 (^GSPC) hovers around 40% from its March 23rd low, one veteran strategist is reminded of the massive rally that took place when the markets were emerging from the financial crisis 11 years ago....
(Bloomberg) -- American Airlines Group Inc. surged the most on record after the carrier said it would boost July flights 74% compared with this month, signaling that U.S. travelers freed from shelter-in-place orders are returning more quickly than expected.The busiest days next month will have about 4,000 flights, up from 2,300 in June, said Vasu Raja, American’s senior vice president of network strategy. The July figure is equivalent to 40% of capacity a year earlier, compared with 30% in June, the airline said Thursday. Capacity was even less in May, after a devastating collapse in flying spurred by the Covid-19 pandemic.“People are hungry, eager to get back into the economy,” Raja said in an interview. “We feel a real confidence to fly a much bigger July.”American’s expanded schedule builds on recent indications from rivals that customers are starting to make their way back onto planes, at least for domestic flights, after...
The three major U.S. global airlines usually report similar demand weakness and strengths, but during the Covid-19 pandemic, American Airlines and United Airlines have taken divergent paths. Between May 24 and May 29, American carried an average of 110,330 daily passengers, a number low by historical standards, but robust compared to what some other airlines […]...
Slack Technologies released its first quarter earnings report after hours on Thursday, beating on its top line. The company saw an added 12,000 net new paid customers and 90,000 net new organizations, but withdrew its guidance for the fiscal year of 2021 for calculated billing. Yahoo Finance’s Myles Udland breaks down the company’s results....
