Elon Musk Mike Blake | Reuters This is a live blog. Check back for updates. 3:22 pm: Wayfair drops 13% as company announces job cuts Shares of the online retailer tanked 13% after the company said it was cutting roughly 3% of its workforce, which translates to around 500 jobs. The company said that around […]
Tag: American Airlines Group Inc
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 […]
China’s death toll, confirmed cases
This is a live blog. Please check back for updates. All times below in Beijing time. 7:40 pm: China cancels tariffs on some virus prevention materials imported from United States China will suspend retaliatory tariffs on products from the United States that can be used to combat the coronavirus outbreak in China, according to the […]
Worst drop since October, coronavirus fears grow, airlines fall
This is a live blog. Check back for updates. 3:10 pm:Â Coronavirus names fall ahead of the close Stocks with a large amount of exposure to the coronavirus epidemic accelerated losses on Friday, dragging down the major averages. American Airlines, Delta and United all suspended flights to and from China, sending their stocks down 3.5%, 2.4% […]
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 […]
Yankees, Dolphins fight back as climate change threatens stadiums
Miami’s Hard Rock Stadium will host about 65,000 fans on Super Bowl Sunday. While the biggest battle in football will last just one evening, the fight that stadium faces from the effects of climate change will go on indefinitely. It is not alone. Teams and stadiums across country are dealing with flooding, extreme storms, excessive […]
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 […]
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 […]
