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Search resuls for: "Delta Air Lines"


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Delta CEO Ed Bastian is awarding employees with two free travel passes as a thank you for their work this year. Called "Delta Difference" passes, employees can use them to fly anywhere Delta flies with a confirmed seat. Delta employees already have free flight benefits but these passes will be useful during a busy travel period or when using their benefits is less likely to secure a seat. Luckily, the "Delta Difference" passes also don't expire, allowing employees the opportunity to use them once the world reopens. Airline employees already fly for free but positive space passes are more like a paid ticketA perk of the job, Delta employees receive free flight benefits on the airline and can access discounted fares on others.
Persons: Ed Bastian, David Shepardson, Bastian, John F Organizations: Delta, Delta Air Lines, Reuters, Employees, Airline, Independence, Cape Town, Centers for Disease Control, American Airlines, Air Transport, Business, Kennedy International Locations: Delta's, Cape, Buenos Aires, Tel Aviv, Sydney, American, New
Flyers returning to the skies for the upcoming holiday season will be met with an entirely new travel experience. The upcoming holiday travel season will likely see an influx of travelers taking to the skies, many for the first time since the pandemic impacted travel in March. The peak travel season for Thanksgiving and Christmas travel should be no different as historically among the busiest travel times of the year. Air travel rating firm Skytrax has also recently started rating airports based on their COVID-19 preparedness that passengers can use as a resource. But not all airlines are being as generous and ultra-low-cost carriers Sun Country Airlines, Frontier Airlines, Spirit Airlines, and Allegiant Air are each taking a different approach.
Persons: Thiago B Trevisan, Guy, Skytrax, Ethan Weiss, doesn't, Bauer, Griffin, Spencer Platt, Connecticut's, Joshua Roberts, Robin Hayes, Thomas Pallini Organizations: Flyers, Health, Labor, Transportation Security Administration, Travelers, Delta Air Lines, Southwest Airlines, Alaska Airlines, JetBlue Airways, United Airlines, American Airlines, Frontier Airlines, Allegiant, Sun Country Air, Spirit Airlines, REUTERS, . American Airlines, Airlines, Sun Country Airlines, Getty, Tampa International Airport, Connecticut's Bradley International, Reuters Airlines Locations: States, Tampa, Hartford
Alaska Airlines leases 13 Boeing 737 MAX jets after ungrounding
  + stars: | 2020-11-23 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
Boeing has identified Alaska Air as one of the candidates to buy the 737 MAX jet along with Southwest Airlines, Delta Air Lines and Ryanair, the sources said. In an interview with the Financial Times on Sunday, Delta Air Lines’ Chief Executive Officer Ed Bastian hinted at the possibility of purchasing 737 MAX planes. Alaska Air, which is based in Boeing’s main commercial factory city of Seattle, said it expects deliveries of the 13 737 MAX jets to start from the fourth quarter of 2021 and continue through 2022. The company’s 13 leased 737 MAX aircraft will be in addition to the 32 737 MAX jets it currently has on order with Boeing, Alaska Air said, adding that it expects to be flying five 737 MAX planes by summer of 2021. Reuters in October reported that Boeing was in discussions to sell 737 MAX jets to Alaska Air.
Persons: Mike Blake, planemaker, Ed Bastian Organizations: Alaska Airlines Boeing, Alaska Air Group Inc, Virgin America Inc, U.S ., REUTERS, Boeing, Air Lease Corp, U.S, Air Lease, Virgin America, Alaska Air, Southwest Airlines, Delta Air Lines, Ryanair, Financial Times, Delta Air Lines ’, Reuters Locations: San Diego , California, U.S . West Coast, Alaska, U.S, Delta, Seattle
Merck shares added 1.9% in premarket trading as of 7:31 a.m. The shares rose 6% in premarket trading as of 7:31 a.m. The shares were volatile in premarket trading and slightly lower as of 7:31 a.m. Regeneron rose 4% in premarket trading as of 7:31 a.m. Pfizer (PFE) – Pfizer's Covid-19 vaccine could receive U.K. approval this week, according to a report by the Telegraph news site.
Persons: – Merck, Korn Ferry, – Regeneron, Regeneron, Pfizer's, BioNTech, – Needham, , Patrick Ky, WU, Eli Lilly, – Lilly, Locker, Piper Sandler, Piper, Foot, WestJet, Blackstone, Kellogg Organizations: Merck, Revenue, AstraZeneca, Oxford University, Regeneron Pharmaceuticals, Food and Drug Administration, Pfizer, Telegraph, FDA, Boeing, European Union Safety Agency, Paris Air Forum, Federal Aviation Administration, Western Union, Saudi Arabia's STC Group, Delta Air Lines, DAL, U.S, New, LaGuardia, Blackstone, Bloomberg, , Suisse Locations: Canada, Asia
Veteran diplomat and longtime Joe Biden foreign policy advisor Antony Blinken is the president-elect's top choice to serve as secretary of State , multiple sources told NBC News. Incoming White House chief of staff Ron Klain said Sunday that Biden will begin announcing his Cabinet picks on Tuesday. The approval comes after the FDA announced on Nov. 9 emergency use authorization for Eli Lilly's antibody treatment. The treatment was shown to reduce the risk of respiratory failure or death by more than 50% in patients hospitalized with Covid and requiring oxygen. Boeing's (BA) 737 Max jet is safe to fly, according to European Union Safety Agency Executive Director Patrick Ky.
Persons: Joe Biden, Antony Blinken, Ron Klain, Biden, Eli, Korn, Korn Ferry, Patrick Ky, Needham, Locker, Piper Sandler, Piper, Foot, Canada's WestJet, WU Organizations: NBC News, White House, Sunday, Drug Administration, Trump, FDA, CNBC, Merck, Consulting, Revenue, European Union Safety Agency, Paris Air Forum, FAA, Delta Air Lines, DAL, U.S, New, LaGuardia, Western Union, Saudi Arabia's STC, Blackstone, Bloomberg Locations: Asia
How to change or cancel flights during the pandemic
  + stars: | 2020-11-23 | by ( Thomas Pallini | ) www.businessinsider.com + 0.00   time to read: +10 min
Four major US airlines have eliminated change and cancel fees permanently, while others have travel waivers to make it easier to cancel when plans change. In the US, four major airlines eliminated change and cancel fees permanently in an effort to increase bookings despite the ever-changing landscape of the pandemic. Passengers with basic economy tickets who book or have booked their flights before December 31, 2020, are able to change their flights under United's earlier change fee waiver. Most US airlines are waiving cancel and/or change fees for flights to any destinationIn addition to American, Delta, United, and Alaska, all major US airlines adjusted their policies to allow flyers to book or cancel flights. Social media and airline websites and mobile apps can be used to change or cancel flights if waiting on hold isn't an option.
Persons: they've, they're, Southwest Airlines hasn't, Ted Rossman, Rossman, Insider's David Slotnick, that's, coronavirus Organizations: American Airlines, Delta Air Lines, United Airlines, Alaska Airlines, Passengers, Delta Air, Tickets, JetBlue Airways, Allegiant, Spirit Airlines, Frontier Airlines, Hawaiian Airlines, Sun Country Airlines, Airlines, Southwest Airlines, Social Locations: Caribbean, Mexico, Canada, North, South America, American, Delta, Puerto Rico, United, Alaska
How Delta flight attendants are trained
  + stars: | 2020-11-23 | by ( Steve Cameron | ) www.businessinsider.com + 0.00   time to read: +7 min
Each year, 100,000 people apply for a position as a Delta flight attendant, but only 3,000 people get the job. Business Insider visited the Delta Air Lines Flight Attendant Training Center in Atlanta to see what it takes to be a flight attendant. Bundridge: Over 195,000 applications come into Delta Air Lines, and of those, 3,000, for this year alone, will get to come through these doors and be a Delta Air Lines flight attendant. They've shipped them here, and our flight attendants go into these mock-ups, and they practice different types of scenarios. Hillis: But once a flight attendant leaves and graduates and is a flight attendant flying out there on the line, their training isn't over.
Persons: Patres Hillis, Hillis, It's, Bundridge, Trelawny Bundridge, we've, Ah, She's, I'm, Trel, They're, we're Organizations: Business, Delta Air Lines, Trelawny, Air Lines Locations: Atlanta, They've
Delta casts doubts on New York-London travel corridor: FT
  + stars: | 2020-11-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: Ed Bastian, CEO of Delta Air Lines, speaks during a keynote address at the 2019 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S. January 8, 2019. REUTERS/Steve Marcus(Reuters) - Delta Air Lines Chief Executive Ed Bastian said the travel corridor between New York and London is complicated and it would be easier to relaunch transatlantic flights to "just about any" other European capital, Britain's Financial Times (here) reported on Sunday. Americans can travel to the UK but have been required since the spring to spend two weeks in quarantine on arrival. The same rule applies for passengers arriving in the United States from London. “I think New York-London is complicated”, Bastian told the newspaper, casting doubt over hopes of opening an air corridor for the previously lucrative route for several airlines including British Airways and Virgin Atlantic.
Persons: Ed Bastian, Steve Marcus, , Bastian Organizations: Delta Air Lines, REUTERS, Britain's Financial, British Airways, Virgin Atlantic, Locations: Las Vegas , Nevada, U.S, New York, London, United States, York
Delta hints at the possibility of purchasing Boeing's 737 MAX: FT
  + stars: | 2020-11-22 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Steve Marcus(Reuters) - Delta Air Lines Chief Executive Ed Bastian hinted at the possibility of purchasing Boeing Co’s 737 MAX, which was recently approved to fly again by U.S. regulators, in an interview to the Financial Times on Sunday. "We're talking to Boeing about lots of different things, the Max included," Delta's chief executive told the Financial Times. (here)Any Boeing 737 MAX order would be the first for Delta, which did not have the aircraft in its fleet when the plane was grounded in March 2019 following two fatal crashes. “If there is an opportunity where we would feel comfortable acquiring the MAX we’d have no hesitation doing that,” Bastian added. The United States lifted a 20-month-old flight ban on Boeing 737 MAX on Wednesday, easing a safety crisis that left its top exporter with a tarnished reputation and hundreds of idle jets.
Persons: Ed Bastian, Steve Marcus, Max, ” Bastian, Bastian Organizations: Delta Air Lines, REUTERS, Boeing, Financial Times, Delta, Reuters Locations: Las Vegas , Nevada, U.S, Delta, United States, New York, London,
The World After Covid Could Shake Up Business Flights
  + stars: | 2020-11-22 | by ( Jon Sindreu | ) www.wsj.com sentiment -0.99   time to read: 1 min
The aviation crisis triggered by 9/11 eventually made budget carriers the undisputed leaders in leisure flights. Covid-19 could give them the keys to business travel. Three major U.S. carriers, United Airlines, Delta Air Lines and Southwest Airlines, recently warned that sales are deteriorating as the winter season approaches. But demand for cheap holiday flights could bounce back once a vaccine is distributed, as it did when lockdowns were eased this summer. Business...
Persons: lockdowns Organizations: United Airlines, Delta Air Lines, Southwest Airlines Locations: U.S
Delta, WestJet scrap planned joint venture after U.S. demands
  + stars: | 2020-11-21 | by ( David Shepardson | ) www.reuters.com + 0.00   time to read: +2 min
WASHINGTON (Reuters) - Delta Air Lines DAL.N and Canada's WestJet said late on Friday they had scrapped a proposed U.S.-Canada joint venture after the U.S. government demanded changes the airlines insisted were "unreasonable and unacceptable". The airlines said in a filing that the U.S. demands were “arbitrary and capricious” especially the slot divestitures. The Delta-WestJet joint venture would have had a combined 27% share of scheduled air carrier transborder capacity, while the dominant carrier, Air Canada AC.TO, has 45%. Canada, with 38 million people, is the second-largest U.S. international passenger air market after Mexico, with Toronto flights accounting for over 50% of transborder air travel demand. U.S. air carriers had urged slot divestitures at LaGuardia, noting American Airlines AAL.O, Delta and United Air Lines UAL.O control 83% of all slots, with Delta controlling 45% of flights.
Persons: Canada's WestJet, Delta, , Organizations: WASHINGTON, Delta Air Lines, U.S, U.S . Transportation Department, New, LaGuardia, Air Canada, Onex Corp, Toronto, Canadian Competition Bureau, American Airlines, United Air Lines, Delta Locations: U.S, Canada, Mexico, LaGuardia, Delta, WestJet,
As it can potentially incapacitate the passengers and crew on an airplane, carriers are severely restricted in how much dry ice they can load onto a plane. Associated Press/Richard VogelA Boeing 777 Freighter, for example, can only carry around 6,000 kilograms of dry ice, Sutch said. That means Pfizer's vaccine can only fill 5% of the plane's total capacity. "We will see full freighters of COVID vaccines flying around, but not ones currently that are using dry ice," Sutch said. An over-the-road solution for an expensive endeavorWhile we won't likely be seeing entire planeloads of the Pfizer vaccine, we will be seeing truckloads.
Persons: Pfizer's, Johnson, David Slotnick, Emirates SkyCargo, Dubai's Al, Julian Sutch, JIMIN LAI, Sutch, We've, Chris Busch, Neel Jones Shah, Richard Vogel, Shah, Read, Luis Roman, Carol Smiljan, Johnson hasn't Organizations: Moderna, Johnson, Pfizer, Airlines, US, FedEx Express, UPS Airlines, Emirates, Dubai's Al Maktoum International Airport, Dubai International Airport, pharma, Business, Qatar Airways Cargo, Skycell, Hamad International Airport, DHL, Pharma, United Cargo, Delta Air Lines, Delta Cargo, Airbus, Boeing, Federal Aviation Administration, Associated Press, Team, Global, Janssen Pharmaceutical Companies, Moderna Johnson Locations: Memphis, Louisville, The Louisville, Netherlands, Dubai's, Dubai's Al Maktoum, Dubai, Emirates, AFP, Brussels, Atlanta, Flexport, Michigan, Belgium, Europe
Four major US airlines have eliminated change and cancel fees permanently, while others have travel waivers to make it easier to cancel when plans change. While there might not be a change fee, for example, customers will have to pay any difference in airfare. Passengers with basic economy tickets who book or have booked their flights before December 31, 2020, are able to change their flights under United's earlier change fee waiver. Travelers can also purchase a change fee waiver, which allows for a one-time change within 60 days of travel. Social media and airline websites and mobile apps can be used to change or cancel flights if waiting on hold isn't an option.
Persons: they've, they're, Southwest Airlines hasn't, Ted Rossman, Rossman, Insider's David Slotnick, that's, coronavirus Organizations: American Airlines, Delta Air Lines, United Airlines, Alaska Airlines, Passengers, Delta Air, Tickets, JetBlue Airways, Allegiant, Spirit Airlines, Frontier Airlines, Hawaiian Airlines, Sun Country Airlines, Airlines, Southwest Airlines, Social Locations: Caribbean, Mexico, Canada, North, South America, American, Delta, Puerto Rico, United, Alaska
Air Travel Was Gaining Momentum. Now What?
  + stars: | 2020-11-19 | by ( Niraj Chokshi | Ceylan Yeginsu | ) www.nytimes.com sentiment -1.00   time to read: +2 min
American Airlines said it expected to operate about 15 percent more flights around the holiday than in the rest of the month. “They see that mask compliance is really good; they’ve seen how clean the planes are; they’ve maybe even seen the electrostatic sprayers in action; they’ve seen us board the plane back to front, they’ve seen social distancing on the jet bridge — all of that has contributed to greater confidence in air travel,” said Josh Earnest, United’s chief communications officer. Thanksgiving may improve the airline industry’s fortunes, but prospects for passenger demand in the weeks ahead are dimming. Southwest Airlines said last week that booking momentum seemed to be slowing for the rest of the year. To some extent, the unevenness of the travel recovery comes as little surprise, said Helane Becker, managing director and senior airline analyst at Cowen.
Persons: they’ve, , Josh Earnest, Helane Becker, Cowen, , ” Ms, Becker Organizations: Airlines, America, American Airlines, Delta Air Lines, United, Southwest Airlines, Fort Worth International, Skift Aviation Locations: United States, Europe, Dallas, London, Frankfurt
SEOUL (Reuters) - Shares in Asiana Airlines Inc 020560.KS soared on Friday on prospects that the debt-ridden pandemic-hit carrier may end up sharing a home with rival Korean Air Lines Co Ltd 003490.KS. FILE PHOTO: An Asiana Airlines Airbus A350-900 is seen at the Airbus delivery center in Colomiers near Toulouse, France, March 20, 2019. Shares in Korean Air, however, fell almost 3% while those for Hanjin Kal tumbled more than 8%. By comparison, Korean Air Chief Executive Walter Cho and his allies, which is believed to include Delta Air Lines DAL.N, own 37.35%. Lee Han-joon, an analyst at KTB Investment & Securities, also said Asiana might need to find other buyers for two budget carriers, Air Busan 298690.KS and Air Seoul, as Korean Air has its own budget affiliate Jin Air 272450.KS.
Persons: Regis, Hanjin, Kal, , Um Kyung, Asiana, KCGI, Walter Cho, ” KCGI, Lee Han, 1,112.5800 Organizations: Asiana Airlines, Korean Air Lines Co, Asiana Airlines Airbus, Airbus, REUTERS, Korea Development Bank, Hanjin, Korea Economic, Korean, Kumho Industrial, KS, KDB, Shinyoung Securities, Kumho, Korea Corporate, Improvement, Korean Air, Delta Air Lines, KTB Investment, Securities, Air Busan, Air Seoul, Jin Air Locations: SEOUL, Colomiers, Toulouse, France, Korea, KS, Hanjin Kal, Asiana, Korean, South Korea
SEOUL (Reuters) - Shares in Asiana Airlines Inc 020560.KS soared on Friday on prospects that the owner of larger rival Korean Air Lines Co Ltd 003490.KS could buy a hefty stake in the debt-laden, pandemic-hit carrier. FILE PHOTO: An Asiana Airlines Airbus A350-900 is seen at the Airbus delivery center in Colomiers near Toulouse, France, March 20, 2019. In return, Korean Air, the country’s biggest airline, would see competition from South Korea’s only other full service carrier fade. Shares in Korean Air, however, fell almost 3% while those for Hanjin Kal tumbled more than 8%. Korean Air Chief Executive Walter Cho and his allies, which are believed to include Delta Air Lines DAL.N, own 37.35%.
Persons: Regis, Kal, Hanjin Kal, , Um Kyung, Asiana, Kumho, KCGI, Walter Cho, ” KCGI, Lee Han Organizations: Asiana Airlines, Korean Air Lines Co, KS, Asiana Airlines Airbus, Airbus, REUTERS, Yonhap News Agency, Korean Air, country’s, Korea Development Bank, Kumho Industrial, KDB, Shinyoung Securities, Kumho, Hyundai Development, Korean, Korea Corporate, Improvement, Delta Air Lines, KTB Investment, Securities, Air Busan, Air Seoul, Jin Air Locations: SEOUL, Colomiers, Toulouse, France, Asiana, South, Asiana’s, Hanjin Kal, Korean, South Korea, KS
Cisco Systems — Shares of Cisco Systems popped more than 7% after beating on the top and bottom lines of its quarterly results. The equipment maker reported earnings of 76 cents per share on revenue of $11.9 billion. Unity Software — Unity shares jumped more than 12% after the software company posted its first quarterly earnings report since going public. Unity reported a loss of 97 cents per share on revenue of $200.8 million. Palantir — Shares of the software company jumped 8.4% after Palantir reported its first quarterly results as a public company.
Persons: DraftKings, Jason Robins, Unity, Palantir, Disney, — CNBC's Maggie Fitzgerald, Thomas Franck, Fred Imbert Organizations: Cisco Systems —, Cisco Systems, Unity Software — Unity, Unity, CNBC, Wall, Disney —, Disney, Wall Street, Delta Air Lines, Delta, Cruise Line Holdings, Spectrum, Revlon Locations: Carnival, COVID
The company reported a loss of $1.46 per share on revenue of $499.7 million, with revenue topping estimates, according to Refinitiv. Yelp — Shares climbed nearly 3% after Evercore ISI upgraded the online review site to outperform from in line. Datadog — The cloud company tanked more than 10% despite beating on the top and bottom lines of its quarterly results. Aurora Cannabis, Tilray — Shares of marijuana companies fell sharply, giving back some of the massive gains the stocks have seen since Election Day. Tilray shares lost 8.5%, while Aurora, which announced a secondary stock offering on Tuesday, slid 20%.
Persons: Lyft, Yelp, Evercore, Datadog, FuboTv, Stifel, CNBC's Maggie Fitzgerald, Jesse Pound, Fred Imbert Organizations: Revlon, ISI, Microsoft, Apple, Cannabis, Delta Air Lines, Royal, . Delta Air Lines, American Airlines, CNBC PRO Locations: Aurora, Royal Caribbean
Wall Street surged Monday, propelling all three major indices to record highs after Pfizer said its vaccine was 90 percent effective in protecting people against Covid-19. U.S.-based pharmaceutical giant Pfizer and the German biotech company BioNTech made the announcement Monday morning, citing data from their late-stage vaccine trial. The S&P 500 closed up by 1.2 percent after it rallied to a record high. The tech-heavy Nasdaq composite index, which also touched record levels, closed the day's session in the red, down by 1.6 percent as stay-at-home stocks fell out of favor. High-growth tech stocks took the biggest hit Monday, as sectors that have benefited from the pandemic became hot potatoes.
Persons: BioNTech, Albert Bourla, Joe Biden, , Biden, Donald Trump, Trump Organizations: Pfizer, Covid, CNBC, Dow Jones, MGM Resorts, Delta Air Lines, Royal, NBC, NBC News, Biden, Electoral Locations: Royal Caribbean, coronavirus, Pennsylvania
LONDON/MELBOURNE (Reuters Breakingviews) - Corona Capital is a column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. LATEST- Lockdown pain- Supply chains- Norway says noPAIN THRESHOLDS. The French central bank said on Monday that it expects Gallic economic activity to be 12% below normal levels in November. The budget carrier’s shares, which have lost 98% of their value this year, plunged a further 17% on Monday morning. And with Covid-19 infection rates surging in Europe and the United States, further injections are far from certain.
Persons: Keisuke Sadamori, , Jeffrey Goldfarb, it’s, Richard Branson, Der Spiegel, Ed Cropley Organizations: Reuters, Corona, Energy, Bank of France, HSBC –, Norwegian Air Shuttle, Atlantic, Delta Air Lines, behemoth Deutsche Lufthansa, Der Locations: MELBOURNE, Paris, France, Norway, French, China, People’s Republic, Oslo, Europe, United States, U.S, Berlin
France and Italy have reported record daily case totals in recent days as both countries have moved to lock down some regions. Deaths in Italy have increased by a staggering 232 percent over the past two weeks, with 425 deaths reported on Saturday. Noticeably absent will be one of the few places in the world that has won international praise for its success in controlling the virus: Taiwan. A woman washing her hands before voting last week in the Navajo Nation. That spread is “largely due to travel off the Navajo Nation and family gatherings,” the statement said.
Persons: Joseph R, Biden Jr, Biden, Scott McIntyre, Trump, Vivek Murthy, David Kessler, Marcella Nunez, Smith, Anthony S, , Ashish K, Jha, Dr, Sarah Mervosh, Mitch Smith, Alessandro Grassani, Arno Kompatscher, Valle, Milan —, Rick Bowmer, Gary Herbert, “ hospitalizations, , Tsai Ing, Ritchie, Joanne Ou, Taiwan “, President Trump, Sharon Chischilly, Jonathan Nez, Mr, Nez, Gianni Cipriano, Howard Silverblatt, Dow, Jonathan Golub, — Peter Eavis Organizations: The New York Times, Food and Drug Administration, Yale University, White, Brown University School of Public Health, , Police, New York Times, Valle d’Aosta, Press Utah’s, Republican, Twitter, Salt Lake City Tribune, The Tribune, World Health Organization, World Health, Chinese Communist Party, Navajo Nation ., Navajo, Navajo Nation, Navajo Department of Health, Delta Air Lines, Street, Dow Jones, Tech, Credit Suisse Securities, United Airlines, American Airlines, U.S Locations: Biden’s, Miami, United States, France, Italy, Milan, Europe, Italy’s Bolzano Province, Piedmont, Lombardy, shutdowns, Czech Republic, Switzerland, Utah, Salt Lake, , , Taiwan, Taipei, TAIPEI, Beijing, China, United, Navajo, Arizona, New Mexico, Covid, Apache County, Naples
Airlines, Boeing surge on upbeat vaccine news, American jumps more than 25%
  + stars: | 2020-11-09 | by ( Leslie Josephs | ) www.cnbc.com sentiment -0.98   time to read: +1 min
A United Airlines plane takes off above American Airlines planes on the tarmac at Los Angeles International Airport (LAX) on October 1, 2020. Shares of U.S. airlines surged on Monday after U.S. pharmaceutical giant Pfizer and German biotech firm BioNTech reported positive results from their Covid-19 vaccine trial. American Airlines shares were up more than 25% in premarket trading, Delta Air Lines was up 18% and United Airlines gained more than 20%. United's CEO Scott Kirby has said he expects revenue to plateau at half of 2019 levels without a widely available vaccine. Pfizer and BioNTech said Monday that their coronavirus vaccine was more than 90% effective in preventing Covid-19 among those without evidence of prior infection.
Persons: BioNTech, Scott Kirby Organizations: United Airlines, American Airlines, Los Angeles International Airport, Pfizer, Delta Air Lines, Boeing, Transportation Security Administration Locations: Covid
Stock futures surged following the announcement, and both companies saw shares gain more than 10% just before 7:45 a.m. McDonald's – McDonald's reported adjusted quarterly earnings of $2.22 per share, beating the consensus estimate of $1.90, with revenue slightly above Wall Street forecasts. F5 Networks - Activist investor Elliott Management has taken a stake in the software management company, according to people familiar with the matter who spoke to the Wall Street Journal. Apple, Sony – Apple and Sony have both held talks about buying podcast producer Wondery, according to the Wall Street Journal. Apple and Sony stocks were each slightly higher just before 8 a.m.
Persons: – McDonald's, Traton, Elliott Management, Elliott, Wondery, Goldman Sachs, Nordstrom – Nordstrom, Glaxo –, Joe Biden's Organizations: Pfizer, BioNTech, Stock, Royal, United Airlines, American Airlines, Delta Air Lines, Southwest Airlines, Party City, Revenue, City, Berkshire Hathaway –, F5 Networks, Wall Street, Apple, Sony, Telsey Advisory, GlaxoSmithKline, ViiV Locations: United States, Royal Caribbean, Norwegian, Berkshire Hathaway – Berkshire, Berkshire, Navistar, Covid
The shares were up 2.8% in premarket trading as of 7:35 a.m. Estee Lauder (EL) – The cosmetics maker earned $1.44 per share, well above the 90 cents a share consensus estimate. Revenue also beat forecasts and Estee Lauder announced a 10% dividend increase to 53 cents per share. The shares jumped 4% in premarket trading as of 7:35 a.m. AMC Networks (AMCX) – The cable network operator reported quarterly earnings of $1.32 per share, 4 cents a share above estimates.
Persons: Clorox, Estee Lauder, – Piper Sandler, – Dunkin, Burger, Tim Hortons, – Nielsen, Nielsen, Paul Jacobson, Jacobson, JPMorgan Chase, Armour, Stifel, Lockheed Martin Organizations: Revenue, Marathon Petroleum, , Wall Street, AMC Networks, AMC, Waste Management, Dunkin, Arby's, Inspire Brands, American, Burger King, Restaurant Brands, Nielsen Holdings, International, Bank of America, – Bank of America, General Motors, Delta Air Lines, DAL, Sony, Japan's Nikkei, JPMorgan, Stifel, Lockheed, Jacobs Engineering Locations: China, Britain
General Motors has tapped Delta Air Lines CFO Paul Jacobson to replace Dhivya Suryadevara, who unexpectedly left GM for digital payments company Stripe in August, the automaker announced Friday. He has been Delta's CFO since 2012 and in April rescinded his retirement, announced in February, as the airline faced the severe financial impact from the virus. He'll also be tasked with assisting the automaker in persuading Wall Street that it's undervalued. At Delta, Jacobson was a key contributor to Delta's strategies and was instrumental in balance-sheet initiatives that resulted in nearly $10 billion in debt reduction. He was named the airline industry's best CFO eight times by Institutional Investor magazine's poll of Wall Street analysts and investors.
Persons: Paul Jacobson, Dhivya Suryadevara, Jacobson Organizations: Motors, Delta Air Lines, Delta, Northwest Airlines, GM, Institutional Investor, Wall Street, General Motors, GM, Northwest Airlines, At Delta, CFO
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