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Latest DAL News From Around the Web
Below are the latest news stories about Delta Air Lines Inc that investors may wish to consider to help them evaluate DAL as an investment opportunity.
The U.S. Transportation Department plans to issue a revised order in the coming days that likely will allow some Chinese passenger airline flights to continue, after China said it would ease coronavirus restrictions to allow more incoming flights from foreign carriers.The change should allow U.S. carriers to resume once-a-week flights...
If you think that airfare and hotel rate trends will be uniformly characterized by steep discounting as travel reopens unevenly across the globe, then guess again. Travel businesses have pent-up demand in their favor, to be sure, but how hotels and airlines price their services in coming months will play a crucial role in travel's […]
Some of the gains are likely attributable to a short-squeeze, whereby investors who have bet against the stock must buy it to cover their positions. American is one of the most heavily shorted airline stocks.
Wall Street cuts gains Continue reading...
Airline stocks are climbing on Thursday as American Airlines boosted its domestic flights for the summer. Yahoo Finance's Kristin Myers and Emily McCormick discuss.
(Bloomberg Opinion) -- American Airlines Group Inc. shares surged more than 35% on Thursday after the company signaled a rebound in air travel. If, like many Americans, you’re currently planning a 10-hour-plus summer road trip with the family you’ve been holed up with for months to avoid spending a fraction of the time with dozens of strangers on a plane, that may seem a bit odd.Maybe you’re the weird ones, you might think, as you search for the Transportation Security Administration checkpoint data you’ve seen referenced in many news articles. But you're still in the majority: Sure, traffic is up from the most restrictive lockdown days of April and March, but the number of U.S. fliers on Wednesday was just 13% of what it was the same time last year. Going further down the Internet rabb...
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said. On Thursday, China said it would ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington said it planned to bar Chinese passenger airlines from flying to the United States by June 16 due to Beijing’s curbs on U.S. airlines. The announcement should allow U.S. carriers to resume once-a-week flights into a city of their choosing starting on June 8.
The U.S. Global Jets exchange-traded fund soared 8% Thursday, extending a run that's taken the fund's share price up nearly 40% over the past month. JETS offers investors a way to bet on the airline industry, and airline stocks popped Thursday as investors focused on economic activity returning to normal. Shares of American Airlines Group Inc. were up 26% in the early afternoon, Delta Airlines Inc. shares rose nearly 11%, and United Airlines Holdings Inc. shares jumped nearly 15%. As previously reported, JETS recently passed $1 billion in assets, as investors continue to believe in the business case for the airlines' services once the worst of the coronavirus lockdowns come to an end.
Airline shares soared higher at the open on Thursday, propelled by a move by American Airlines Group (NASDAQ: AAL) to aggressively boost its flight schedule for July in response to growing demand for travel. Shares of American were up 11% as of 10 a.m. EDT, while shares of Spirit Airlines (NYSE: SAVE) were 13% higher.
With demand for air travel dropping sharply, carriers like American Airlines (AAL) and United Airlines (UAL) are looking to slash their personnel in a cost-cutting bid.