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It's Still Early, But Smaller Investors May Best Buffett With Airline ETF
Wednesday, May 27, 2020 - 8:01am | 675Read More...It may not be a competition in the purest sense and the score isn't anywhere close to being settled, but ordinary investors appear to be on their way to proving Warren Buffett wrong with airlines stocks with many using the U.S. Global Jets ETF (NYSE: JETS) as their vehicle of choice. What...
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PreMarket Prep Stock Of The Day: Spirit Airlines
Tuesday, May 26, 2020 - 2:34pm | 636Read More...Benzinga's PreMarket Prep airs every morning from 8-9 a.m. ET. During that fast-paced, highly informative hour, traders and investors tune in to get the major news of the day, the catalysts behind those moves and the corresponding price action for the upcoming session. On any given...
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How Large Boeing, Delta Options Traders Are Positioning As Economy Reopens
Thursday, May 21, 2020 - 4:14pm | 867Read More...Boeing Co (NYSE: BA) shares traded higher by 4.26% on Thursday and Delta Air Lines, Inc. (NYSE: DAL) shares gained 1.94% as the stock market experienced yet another volatile trading session. A flurry of large Boeing and Delta option trades on Thursday morning were mixed in nature, with one deep-...
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Vision Of Higher Net Sales For Airlines Could Be A Mirage
Wednesday, May 20, 2020 - 4:55pm | 1307Read More...Don't mistake green shoots in travel demand for the summer as a sign that recovery from the coronavirus crisis is around the corner for the airline industry, an executive for a major U.S. airline cautioned Tuesday. After suspending most flight activity because of widespread quarantines, air...
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Airlines Add June Capacity As Bookings Return
Tuesday, May 19, 2020 - 5:23pm | 844Read More...Airlines are beginning to show small signs that they've escaped the market's rock bottom and are attracting more customers as states begin easing coronavirus stay-home orders. The flickers of returning passenger demand are leading them to add back some capacity into their networks. The additional...
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Southwest, United Start To See Signs Of Relief For Airline Industry
Tuesday, May 19, 2020 - 2:29pm | 424Read More...On Tuesday, United Airlines Holdings Inc (NASDAQ: UAL) said air travel demand moderately improved in the first half of May, and Southwest Airlines Co (NYSE: LUV) reported positive net bookings for the same period. “The company's month-to-date net positive bookings represent a reversal in...
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El Al says It Might Not Survive, Seeks Israeli Bailout
Monday, May 18, 2020 - 1:23pm | 651Read More...El Al said it could go out of business without emergency financial support from Israel's government to help it weather a dramatic loss in passenger revenue caused by the coronavirus pandemic and related travel restrictions. The warning is the latest reminder that the airline industry has a very...
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North American Passenger Airlines Expand Cargo Flights In May
Wednesday, May 13, 2020 - 5:52pm | 661Read More...Having gotten a taste of flying on-demand and scheduled cargo-only flights, U.S. and Canadian passenger airlines are doubling down on their new business model in May. Cargo is one of the few sources of revenue for airlines these days and after idling most of their fleets because of coronavirus...
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Qatar Airways Throws More Cargo Resources At Scandinavia, France
Monday, May 11, 2020 - 2:36pm | 491Read More...Qatar Airways, one of the largest airfreight operators in the world by volume, on Sunday announced it is increasing cargo capacity for Scandinavian cities and launching an emergency air bridge between Vietnam and France using both freighters and repurposed passenger jets to haul freight. Qatar has...
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Boeing's CEO On Coronavirus Impact On Travel, 737 MAX Update, Bond Offering
Friday, May 8, 2020 - 3:01pm | 489Read More...Many U.S. airliners are "reasonably confident" that a return to 30% to 50% of pre-COVID-19 capacity by the end of 2020 is possible, Boeing Co (NYSE: BA) CEO David Calhoun said in a Fox Business interview Friday. A 'Crawl Back' For Airline Industry Investors expecting a swift...
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Option Traders Make Big Bets On American Airlines
Wednesday, May 6, 2020 - 4:03pm | 878Read More...American Airlines Group Inc (NASDAQ: AAL) shares lost 2.73% Wednesday and are now down 68.2% year-to-date in the wake of the coronavirus outbreak. On Wednesday, the largest of a series of American option trades were more bullish than bearish, suggesting smart money is buying the dip....
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Delta Further Reduces Seating On Flights In Response To Coronavirus
Wednesday, May 6, 2020 - 12:02am | 420Read More...Delta Air Lines, Inc. (NYSE: DAL) CEO Ed Bastian said Tuesday that the airline is blocking even more seats on its flights to enforce social distancing, In addition to previously announced healthy and safety measures. Delta Says First-Class Seats Dropping By Half After blocking middle seats on...
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All The Bad News From Airlines This Week: 'Travel Demand Is Essentially Zero'
Tuesday, May 5, 2020 - 1:33pm | 851Read More...As malls, restaurants and other beleaguered businesses hold out hope for economic revival, airlines continue to take a beating. Industry shares tumbled Monday after Warren Buffett said he sold his stakes in American Airlines Group Inc (NASDAQ: AAL), Delta Air Lines, Inc. (NYSE: DAL), Southwest...
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Airline Stock Short Sellers Have Made A $4B Profit In 2020
Tuesday, May 5, 2020 - 10:48am | 515Read More...Airline short sellers have had a huge year in 2020. Airline stocks have crashed and burned in the wake of the coronavirus (COVID-19) travel shutdowns, and news that Warren Buffett completely exited his airline positions has now boosted airline shorts’ year-to-date profits above $4 billion,...
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Buffett's Airline Exit Offers 'No Hope' In Short-Term, Cramer Says
Monday, May 4, 2020 - 3:08pm | 382Read More...Billionaire investor Warren Buffett disclosed over the weekend that his Berkshire Hathaway Inc. (NYSE: BRK-A) (BRK-B) fund divested all of its airline holdings, which paints a concerning picture for the near-term economic outlook, CNBC's Jim Cramer said Monday on "Squawk on the Street...
