A health worker sprays disinfectant inside a Vietnam Airlines airplane to protect from the recent coronavirus outbreak, at Noi Bai airport in Hanoi, Vietnam February 21, 2020. Kham | Reuters Airlines have canceled more than 200,000 flights as the coronavirus continues to spread, prompting travel restrictions and a sharp drop in demand for trips to […]
Tag: Aerospace and defense industry
Virgin Galactic is Wall Street’s new favorite speculative stock: SPCE
Virgin Galactic’s First Spaceflight on Dec. 13, 2018 Source: Virgin Galactic Virgin Galactic’s rally began two months ago but trading in the speculative space company has recently accelerated in a way that tops even the momentum behind Tesla. Shares of Virgin Galactic rose as much as 12% in premarket trading Wednesday from its previous close […]
Space junk raise concerns as more and more satellites are launched
An computerized image showing a satellite orbiting the Earth. Jose Luis Stephens | EyeEm | Getty Images Space companies, from Elon Musk’s SpaceX to start-up OneWeb, are racing to launch satellites into space with the aim of creating global internet coverage on Earth. But there’s one big problem, experts say — the creation and threat […]
China becomes increasingly isolated as airlines pull out
Chinese citizens wear face masks to protect against the spread of the Coronavirus as they check in to their Air China flight to Beijing, at Los Angeles International Airport, on February 2, 2020. Mark Ralston | AFP | Getty Images Dai Xin planned to fly to the northeastern Chinese city of Shenyang this month to […]
United Airlines cuts some China flights as demand falls amid coronavirus
United Airlines on Tuesday said it is canceling dozens of China flights next month because of a “significant decline in demand” for service to the country as it battles the growing number of coronavirus cases. The Centers for Disease Control and Prevention on Tuesday recommended travelers avoid all nonessential travel to China while the Trump […]
American Airlines (AAL) earnings Q4 top expectations
The Fort Worth-based service on Thursday posted internet earnings of $414 million for the final three months of 2019, up greater than 27% from a yr earlier. Revenues rose 3.4% to $11.31 billion, simply above Wall Street expectations. American reported earnings per share of $1.15 on an adjusted foundation, a penny larger than analysts’ […]
Boeing expected to take another big, ugly charge on 737 Max crisis
A 12 months in the past, Boeing posted file revenues topping $100 billion with hopes of delivering a chart-topping variety of airplanes in 2019, together with a whole bunch of 737 Max jetliners. The information is not going to be so rosy on its fourth-quarter earnings name this 12 months. Those bestselling planes had been […]
Qasem Soleimani killing was a ‘wake-up call’ to Tehran: Prince Turki
The U.S. airstrike that killed Iran’s top commander showed Tehran that it can’t get away with its provocations, but won’t stop the country from continuing with its agenda, a former chief of Saudi intelligence told CNBC. “The taking out of (Qasem) Soleimani definitely has been an important step to check at least some of the […]
Delta (DAL) earnings Q4 2019
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets — demanded lifted the Atlanta-based carrier’s results. Before the market opened on Tuesday, Delta reported per-share […]
Boeing’s new CEO Calhoun has little margin for error in 737 Max scandal
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a […]