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All three major averages posted gains for the third consecutive week, lifted by solid quarterly earnings and positive economic data. Earnings season ramps up next week, with five of the Super Six mega-cap stocks delivering results. Employment numbers are the most important economic data, with Friday's January nonfarm payrolls report carrying the most weight. The January ISM Manufacturing report on Thursday and December's factory orders report Friday are expected to show the sector still in contraction mode. But earnings and commentary this week from peer Sartorious made us encouraged about a return to growth in 2024.
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Hawaiian Airlines airplanes sit idle on the runway at the Daniel K. Inouye International Airport due to the business downturn caused by the coronavirus disease (COVID-19) in Honolulu, Hawaii, U.S. April 28, 2020. REUTERS/Marco Garcia Acquire Licensing RightsSept 5 (Reuters) - Hawaiian Holdings Inc (HA.O), the parent company of Hawaiian Airlines, said on Tuesday that its third-quarter revenue had been trending positively but was reversed after the West Maui wildfire affected travel demand. Hawaiian Airlines is among the major customers that took delivery of the affected A320neo jets, according to aviation data provider Cirium. The State of Hawaii has currently discouraged non-essential travel to West Maui through October, the company said. Hawaiian expects its operating revenue per seat mile for the current quarter to be down 4% to 7%, from earlier guidance for a reduction of 2% to 5%.
Persons: Daniel K, Marco Garcia, Pratt, Pratyush Thakur, Devika Organizations: Airlines, Inouye, REUTERS, Hawaiian Holdings Inc, Hawaiian Airlines, Pratt & Whitney, Airbus, ASM, Thomson Locations: Honolulu , Hawaii, U.S, Maui, State, Hawaii, West Maui, Bengaluru
REUTERS/Tina Bellon/File PhotoApril 19 (Reuters) - Uber Technologies (UBER.N) and Lyft Inc (LYFT.O) have scrapped face mask mandates for their riders and drivers in the United States, the ride-hailing companies said on Tuesday, as COVID cases have fallen sharply from their January peak. Walt Disney Co (DIS.N) also said that wearing masks would be optional for fully vaccinated visitors at its indoor and outdoor locations and transport facilities. The company in November resumed shared rides, which had been suspended due to rising COVID cases. read moreAllegiant Travel Co (ALGT.O), Hawaiian Holdings Inc (HA.O), Spirit Airlines (SAVE.N) and Frontier Group Holdings Inc (ULCC.O) also lifted their mask mandates on Tuesday. Major carriers including American Airlines (AAL.O), United Airlines (UAL.O) and Delta Air Lines (DAL.N) relaxed curbs following the announcement.
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