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☆ Options Action: LUV
▼ + stars: | 2022-12-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOptions Action: LUVOptimize Advisors' Mike Khouw looks at options activity in Southwest Airlines after it cancels thousands of flights over the holiday weekend. With CNBC's Melissa Lee and the Fast Money traders, Mike Khouw, Courtney Garcia, Victoria Fernandez and Steve Grasso.

☆ Stocks making the biggest moves premarket: Southwest, Tesla, Peloton and others
▼ + stars: | 2022-12-27 | by ( Peter Schacknow | ) www.cnbc.com time to read: +1 min

Southwest Airlines (LUV) – Southwest slid 4.1% in the premarket following thousands of flight cancellations over the holiday weekend, a higher amount than experienced by other major airlines amid winter storm issues. United Airlines (UAL), American Airlines (AAL), Delta (DAL) and JetBlue (JBLU) all rose in premarket action. Tesla (TSLA) – Tesla fell 5.3% in premarket trading, after falling for six consecutive trading days and nine of the past ten. Peloton (PTON) – Peloton is selling refurbished bikes at discounts of up to $500 compared with new ones. Peloton rose 1% in the premarket.

☆ Why Southwest is melting down
▼ + stars: | 2022-12-27 | by ( David Goldman | ) edition.cnn.com time to read: +6 min

By Monday, air travel was more or less back to normal – unless you booked your holiday travel with Southwest Airlines. More than 90% of Tuesday’s US flight cancellations are Southwest, according to flight tracking website FlightAware. Southwest warned that it would continue canceling flights until it could get its operations back on track. Similar to this month’s service mayhem, Southwest fared far worse than its competitors last October. While Southwest canceled hundreds of flights in the days following the peak of October’s disruption, competitors quickly returned to normal service.

☆ Futures climb as China eases COVID curbs
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures up: Dow 0.62%, S&P 0.65%, Nasdaq 0.56%Dec 27 (Reuters) - U.S. stock index futures rose on Tuesday after China further relaxed its COVID-19 curbs, fuelling hopes of a recovery in the world's second largest economy. U.S.-listed shares of Chinese firms such as JD.Com Inc , Alibaba Group Holding , Pinduoduo Inc (PDD.O) climbed between 2.5% and 3% in premarket trading. ET, Dow e-minis were up 208 points, or 0.62%, S&P 500 e-minis were up 25 points, or 0.65%, and Nasdaq 100 e-minis were up 62.5 points, or 0.56%. Southwest Airlines Co (LUV.N) dipped 3% after facing flight cancellations and delays a day after Christmas. Reporting by Amruta Khandekar Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Southwest cancels thousands more U.S. flights
▼ + stars: | 2022-12-27 | by ( ) www.reuters.com time to read: +2 min

Dec 27 (Reuters) - Southwest Airlines Co (LUV.N) led U.S. airline cancellations on Tuesday as the low-cost carrier struggled to recover from harsh winter weather that has wrecked holiday plans for many. An arctic blast and a massive winter storm dubbed Elliott swept over much of the United States in the lead-up to the Christmas holiday weekend, forcing Southwest to scrap more than 12,000 flights since Friday. "The other airlines likely had manageable cancellations and delays, and actually appear to have recovered (in time to get everyone home)." Southwest said on Monday it had decided to continue operating a reduced schedule by flying roughly one third of its schedule "for the next several days." In total, U.S. airlines have canceled more than 5,000 flights for Tuesday and Wednesday, as of Tuesday morning.

☆ 'Travel insanity': U.S. passengers stranded by winter storm
▼ + stars: | 2022-12-26 | by ( Kanishka Singh | ) www.reuters.com time to read: +3 min

The travel disruptions continued into Monday when airlines canceled over 2,500 flights as of early afternoon, according to flight tracking website FlightAware. The hardest hit was Southwest Airlines (LUV.N) with about 1,700 cancellations while Delta Air Lines Inc (DAL.N) had over 250 cancellations. David Sharp said on Twitter his Southwest Airlines flight from Denver to St. Louis was canceled and the next flight was not available for another two days. Voice actress Grey DeLisle tweeted to Southwest Airlines: "Flight 1824 from Nashville to Burbank was canceled due to Elliot and we haven't received any rebooking! Nothing anyone could do but so much travel insanity," tweeted another Twitter user named Alex Gervasi.

☆ Airlines cancel 2,000 U.S. flights on Saturday over winter storm
▼ + stars: | 2022-12-24 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 24 (Reuters) - Airlines canceled nearly 2,000 U.S. flights as of Saturday morning following a massive winter storm that snarled airport operations around the United States and frustrated thousands of holiday travelers. The flight cancellations on Saturday morning included over 450 from Southwest Airlines (LUV.N) and nearly 400 from Delta Air Lines Inc (DAL.N). The flight disruptions came as an arctic blast gripped much of the United States on Saturday, causing power outages and car wrecks. An NBC News affiliate reported that inclement weather canceled over 130 flights as of Saturday morning at the Seattle-Tacoma International Airport. Passenger railroad Amtrak also canceled dozens of trains through Christmas, disrupting holiday travel for thousands.

☆ Airlines cancel 5,700 U.S. flights amid fierce winter storms
▼ + stars: | 2022-12-23 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 23 (Reuters) - Airline cancellations topped 5,700 U.S. flights on Friday as massive winter storms snarled airport operations around the United States and frustrated tens of thousands of holiday travelers. That followed nearly 2,700 canceled flights on Thursday, while just over 1,000 flights have already been canceled for Saturday, according to flight tracking website FlightAware. The Federal Aviation Administration (FAA) imposed ground stops or delays for de-icing at a number of U.S. airports because of winter weather. Another 10,400 U.S. flights were delayed on Friday - including more than 40% of those operated by American Airlines (AAL.O), United Airlines (UAL.O), Delta Air Lines (DAL.N) and Southwest Airlines (LUV.N) - after 11,300 flights were delayed Thursday. Southwest canceled 1,238 flights on Friday, 29% of all its scheduled flights, while Alaska Airlines (ALK.N) canceled 507, or 64%, of its flights.

☆ Airlines cancel 3,900 U.S. flights Friday as winter storm snarls travel
▼ + stars: | 2022-12-23 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, Dec 23 (Reuters) - Airlines canceled over 3,900 U.S. flights on Friday as a massive winter storm snarled airport operations around the United States and frustrated thousands of holiday travelers. The cancellations follow nearly 2,700 canceled flights on Thursday, according to flight tracking website FlightAware. The Federal Aviation Administration (FAA) imposed ground stops or delays for de-icing at a number of U.S. airports because of winter weather. Another 3,800 U.S. flights were delayed on Friday - including more than 14% of those operated by American Airlines (AAL.O), United Airlines (UAL.O), Delta Air Lines (DAL.N) and Southwest Airlines (LUV.N). Southwest canceled 800 flights Friday, about one-fifth of all its scheduled flights, while Alaska Airlines (ALK.N) canceled 321, or 41%, of its flights.

☆ Here are Thursday's biggest analyst calls: Apple, Tesla, Imax, Netflix, Robinhood, Amazon & more
▼ + stars: | 2022-12-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Evercore ISI initiates American Express Global Business Travel Group as outperform Evercore initiated the corporate travel business company with an outperform rating and said it's a beneficiary of corporate travel recovery. AmEx GBT is the leading business to business travel management platform, providing software and services to manage travel, expenses, and events for corporate travel." Morgan Stanley reiterates Tesla as overweight Morgan Stanley said it sees a "buying opportunity" for shares of Tesla. Piper Sandler reiterates Tesla as overweight Piper said Tesla could become a key ESG holding. Morgan Stanley reiterates Wells Fargo as overweight Morgan Stanley said the banking giant is a top beneficiary of rate increases. "

REUTERS/Elijah NouvelageWASHINGTON, Dec 22 (Reuters) - Airlines canceled more than 2,700 U.S. flights Thursday and Friday, disrupting holiday travel for thousands, as a powerful winter storm hit the United States. The extreme weather coincided with the start of a holiday travel season that could be one of the busiest ever. The Federal Aviation Administration said Thursday that the winter storm was bringing blizzard conditions to the Midwest with major travel disruptions expected in Chicago, Detroit and Minneapolis-St. Paul. More than 1,830 U.S. flights had been canceled Thursday and another 900 flights for Friday were scrapped, according to flight tracking website FlightAware. Last year's holiday period was marred by an outbreak of COVID-19 among staff that forced airlines to cancel thousands of flights.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & more
▼ + stars: | 2022-12-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley names Microsoft a top 2023 pick Morgan Stanley said it sees accelerating earnings per share growth for Microsoft in 2023. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on Netflix to $275 per share from $250 but said the valuation has come too far too fast. Telsey names Amazon a top 2023 pick Telsey said the e-commerce giant will continue to gain share in 2023. " Morgan Stanley names Formula One Group a top 2023 pick Morgan Stanley said the company is top beneficiary in the rising popularity of auto racing. Goldman Sachs names SolarEdge a top 2023 pick Goldman said shares of the solar company are attractive heading into next year. "

☆ Southwest Airlines customer service employees approve new labor deal
▼ + stars: | 2022-12-15 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, Dec 15 (Reuters) - Southwest Airlines (LUV.N) customer service employees overwhelmingly ratified a new five-year collective bargaining agreement that includes an immediate 13.1% wage increase, the IAM union said on Thursday. The agreement covers 8,300 customer representatives and service agents and includes a 25.1% general wage increase over four years which IAM said will put its members at the top of the airline industry’s pay scale for customer service employees. The labor deal also includes other benefits including higher bonuses and improved mandatory overtime protections for all employees. Reporting by David Shepardson and Rajesh Kumar Singh; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Chief Executive Officer Bob Jordan said the reinstatement reflects "the strong return in demand for air travel" as well as Southwest's "solid" operating and financial performance since March. While mounting economic worries have clouded the outlook for consumer spending, the Dallas-based carrier said it has seen no signs of a slowdown in travel demand. It expects strong leisure revenue trends to continue into the first quarter of next year. Southwest will pay a quarterly dividend of 18 cents per share to shareholders on Jan. 31. "With more than two-thirds of its labor contracts still open,...reinstating dividends just illustrates how far Southwest has veered from its path," said Southwest Airlines Pilots Association President Casey Murray.

☆ Southwest Airlines reinstates quarterly dividend
▼ + stars: | 2022-12-07 | by ( ) www.reuters.com time to read: 1 min

Dec 7 (Reuters) - Southwest Airlines Co (LUV.N) on Wednesday reinstated its quarterly dividend program more than two years after suspending it in wake of the coronavirus pandemic, as demand for travel shows no signs of easing despite an economic slowdown. The company declared a third-quarter cash dividend of 18 cents per share. "Our fourth-quarter 2022 outlook remains strong, and we have a solid plan for 2023," Chief Executive Officer Bob Jordan said in a statement. The quarterly dividend will be paid on Jan. 31, Southwest added. Reporting by Priyamvada C in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.

☆ Pilots at rivals call Delta's pay offer a new 'benchmark'
▼ + stars: | 2022-12-05 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

Delta's offer also includes a lump-sum one-time payment, reduced health insurance premiums, and improvements in holiday pay, vacation, company contributions to 401(k) and work rules. Its union estimates the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years. Similarly, United pilots turned down an offer that included more than 14.5% cumulative wage increases and enhanced overtime and training pay. Analysts at Jefferies estimate Delta's offer could hike non-fuel operating costs by 450 basis points in 2023 vis-à-vis 2019. Casey Murray, a pilot and the president of the Southwest Airlines Pilots Association, said Delta's proposed deal will help it in the competition for a shrinking pool of pilots.

☆ Boeing, Southwest defeat class actions over 737 MAX safety
▼ + stars: | 2022-11-21 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Nov 21 (Reuters) - A U.S. appeals court on Monday threw out class-action lawsuits accusing Boeing Co and Southwest Airlines Co (LUV.N) of covering up a fatal flaw in the design of the Boeing 737 MAX 8 plane, and ordered that the litigation be dismissed. Boeing and Southwest did not immediately respond to requests for comment. The 737 MAX was grounded worldwide after 346 people died in the October 2018 crash of Lion Air Flight 610 in Indonesia and March 2019 crash of Ethiopian Airlines Flight 302 in Ethiopia. Passengers accused Southwest, Boeing's launch customer for the MAX 8, of pressuring Boeing into deceiving Federal Aviation Administration (FAA) officials during the testing and certification process, ostensibly to lower pilot training costs. In January 2021, Boeing agreed to pay $2.5 billion to resolve a U.S. Department of Justice criminal probe into the 737 MAX crashes.

☆ U.S. voids class action against Boeing, Southwest over MAX 8 safety
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: 1 min

Nov 21 (Reuters) - A U.S. appeals court on Monday decertified a class-action lawsuit accusing Boeing Co and Southwest Airlines Co (LUV.N) of concealing a serious safety defect in the Boeing 737 MAX 8 plane, and ordered the lawsuit be dismissed. The 5th U.S. Circuit Court of Appeals ruled in a case where a lower court had certified classes covering nearly 200 million ticket purchases. Reporting by Jonathan Stempel in New York Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ From prison to beating depression, rapper Fat Joe shares new memoir
▼ + stars: | 2022-11-10 | by ( Alicia Powell | ) www.reuters.com time to read: +2 min

REUTERS/Alicia PowellNEW YORK, Nov 10 (Reuters) - Recording artist Fat Joe is sharing the highs and lows of his life in his new book “The Book of Jose: A Memoir”. However, Joe reveals he made his life look easy while he was going through a lot behind the scenes. “My son being born autistic, and his mother wanted to give him up for adoption, or my mother catching cancer, or my brother's drug addiction or going through depression when (Big) Pun died.”Rapper Big Pun died in 2000 after suffering a heart attack and respiratory failure. His Bronx store features a classroom where both after-school and adult programs are held. “You got Big Pun.

☆ U.S. airlines cancel 1,220 flights as tropical storm Nicole makes landfall in Florida
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +1 min

Nov 10 (Reuters) - Airlines in the United States canceled 1,220 flights on early Thursday as tropical storm Nicole made landfall in the east coast of Florida, disrupting flight schedules and forcing airports in the region to shut. Delta Air Lines (DAL.N), American Airlines Group (AAL.O) and Southwest Airlines (LUV.N) canceled more than 100 flights each, while United Airlines (UAL.O) called off 73 trips, according to flight-tracking website Flightaware.com. Nearly 990 flights were canceled on Wednesday. The Federal Aviation Administration had earlier this week warned travelers that it expected the tropical storm to strengthen and impact travel in Florida and along the southeast coast. Airports within the affected region including Orlando International, Daytona Beach International and Palm Beach International ceased operations, while Jacksonville International Airport remained open.

☆ U.S. urges airlines equip Florida-bound planes to fly over water
▼ + stars: | 2022-11-03 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Nov 3 (Reuters) - U.S. Transportation Secretary Pete Buttigieg on Thursday said airlines should ease congestion at Florida airports by equipping their planes so they can fly over water along routes that have been under-utilized. Over-water routes require airlines to carry enough life rafts to accommodate all occupants of the airplane in the event of a loss of one raft of the largest rated capacity. Florida is a major part of U.S. air traffic and for some airlines, like JetBlue Airways (JBLU.O) and Southwest Airlines (LUV.N), 40% or more of daily flights typically touch a Florida airport. Airlines and Buttigieg clashed for months over summer woes that led to tens of thousands of flight disruptions and prompted the department to pressure airlines to do more to boost service to passengers. A4A said the FAA has recently increased ATC staffing in the area covering Florida by 10%.

☆ Boeing investors seek clarity, realistic goals after a series of setbacks
▼ + stars: | 2022-11-02 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

The Virginia-based planemaker is trying to emerge from overlapping crises: the pandemic and the grounding of the 737 Max, its best-selling model, after fatal crashes. Boeing last month predicted it would deliver 375 MAX planes this year, lower than a July target of "low 400s." Boeing expects to gradually ramp up the rate to five airplanes per month. REGULATORY HURDLESBoeing is also expected to provide an update on the certification of MAX 7 and MAX 10 planes. The Dallas-based carrier expects no 737 Max 7 deliveries this year and has converted 17 orders for next year to the 737 Max 8.

☆ Here are Monday's biggest analyst calls: Tesla, Apple, Southwest, Uber, Roku, Home Depot, AMD & more
▼ + stars: | 2022-10-31 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

UBS downgrades Caterpillar to neutral from buy UBS said in its downgrade of Caterpillar that it sees a more "balanced risk/reward." Morgan Stanley upgrades Pure Storage to overweight from equal weight Morgan Stanley said in its upgrade of the data flash storage company that it sees "share gains and growing value proposition." Morgan Stanley reiterates Southwest as a top pick Morgan Stanley says it has "solid confidence" in shares of Southwest. Morgan Stanley reiterates Charles Schwab as a top pick Morgan Stanley says it's standing by the stock despite shares underperforming. Oppenheimer reiterates Uber as outperform Oppenheimer says Uber shares have a "compelling value proposition" ahead of earnings on Tuesday.

☆ What Cramer is watching Thursday — Meta meltdown, Honeywell solid, Ford cash strong
▼ + stars: | 2022-10-27 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Horrifying free cash flow of less than $1 billion at the Club holding. Raised full-year adjusted free cash flow goal to $9.5 billion to $10 billion, a $3.44 billion increase. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
▼ + stars: | 2022-10-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

That sent S&P 500 futures down 0.5% and Nasdaq futures down 0.6%, showing traders expect Wall Street to open lower on Friday. Among the 11 major sectors of the S&P 500, industrials had the biggest percentage gain, with communication services (.SPLRCL), weighed by Meta, down the most. Third-quarter reporting season forges ahead at full speed, with 227 of the companies in the S&P 500 having reported. Shares of Southwest Airlines Co (LUV.N) rose 2.7% after the carrier's quarterly profit topped consensus estimates. The S&P 500 posted 23 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 93 new highs and 119 new lows.

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