JetBlue (JBLU) and Southwest Airlines (LUV) edged lower on Friday after BofA Global Research downgraded both stocks to ‘Underperform’ from ‘Neutral’. According to TheFly, the BofA analyst said both airlines trade at the high end of historical valuation ranges despite less exposure to "the strongest industry trends.
American Airlines on Thursday forecast a jump in revenue of as much as 5% in the first quarter over the same three months of 2024, while capacity will be flat or even down as much as 2%. "We do expect airfare to come up,
Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network carriers will continue to outperform low-cost airlines due to demand for premium travel.
Less than two weeks after Winter Storm Cora grounded flights throughout the Gulf Coast, Winter Storm Enzo has caused hundreds of flight cancellations and even more delays.
The DOT filed a lawsuit against Southwest Airlines, citing a pattern of chronic delays, as the government pushes for stricter accountability.
JetBlue is adding a new premium travel tier to its flights with perks including more leg room, two complimentary alcoholic drinks and early boarding as part of the airline’s blitz of higher-end options to draw more travelers to its flights.
The Transportation Department is stepping up enforcement of persistent flight delays with a civil lawsuit against Southwest Airlines and a fine against Frontier Airlines.
American Airlines, United Airlines, Southwest, JetBlue and other carriers waived change fees and fare differences to the Los Angeles area. The wildfires have burned more than 10,000 homes and other structures. A Delta Air Lines executive said sales of Los ...
Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network ...
The US Department of Transportation (USDOT) is suing Southwest Airlines for “illegally operating multiple chronically delayed flights and disrupting passengers’ travel,” according to a press release.
The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier ... This month, USDOT imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed ...