Boeing (BA) saw a nearly 6% jump in stock price this week after the company resumed production of its 737 MAX jetliners following a seven-week strike. The production halt had put the company’s ability to meet its ambitious targets in jeopardy, leaving many investors concerned about Boeing's financial stability. But with a backlog of [...]
Shares of Spirit Airlines (SAVE) are up more than 36% over the past few days as another merger rumor is making headlines. This time, its competitor Frontier Airlines is trying to bring the budget airliner into its ecosystem. This comes as Spirit Airlines is on the brink of bankruptcy, meaning any sort of merger [...]
United Airlines (UAL) reported third-quarter earnings Tuesday that came in just above analyst expectations. The stock is up nearly 12% Wednesday on the heels of this update. Here’s how the company performed relative to the consensus estimate: Earnings per share: $3.33 adjusted compared to the $3.17 consensus Revenue: $14.84 billion compared to the $14.78 [...]
Shares of The Boeing Co. (BA) are down more than 2% Wednesday morning, adding to the losses the stock has faced over the past year. The catalyst today is a potential downgrade for the company’s bonds. S&P Global Ratings sees concerns with the business from a cash perspective, and the mass worker strike currently [...]
FedEx (FDX) shared fiscal first-quarter results yesterday after the market closed, but it was the lowered guidance that really sent ripples through the market. The stock is down 14% so far Friday. Here’s how the company performed in Q1: Earnings: $3.60 per share compared to the consensus of $4.75 per share. Revenue: $21.6 billion [...]
Boeing (BA) shareholders have seen their investments shrink in value over the past year, as the stock has plummeted nearly 50% since December of 2023. From safety concerns to lawsuits and strikes, the company can’t seem to catch a break - but much of it appears to be self-inflicted as a result of cutting [...]
JetBlue Airways (JBLU) reported its second-quarter results Tuesday, featuring a pleasant surprise on the bottom line. The earnings beat sent shares climbing 18% higher so far this morning. The company delivered a profit of $25 million or 8 cents a share, which was well below its performance this time last year of $138 million [...]
American Airlines (AAL) reported second-quarter earnings that may have outperformed the Wall Street consensus but painted a concerning narrative for the sales strategy the company has gone all in on. Adjusted earnings per share came in at $1.09 per share, narrowly surpassing the analyst consensus of $1.05. However, revenue fell short at $14.33 billion [...]
Budget airline Ryanair (RYAAY) reported fiscal first-quarter results Monday morning that have the stock descending lower, continuing the concerning trend investors have been weathering over the past few months. The company is struggling with profitability as fares continue to come down. After-tax profits of 360 million euros ($392 million) represented a 46% dip year [...]
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at [...]
