LUV Stock Pops on Boeing Compensation Deal With Employees
LUV stock is in the green today after Southwest Airlines (NYSE:LUV) announced that it will give $125 million USD in compensation from Boeing (NYSE:BA) to its employees. Boeing will be paying its customers billions of ... [Read]
UAL Stock Gains After Oscar Munoz Steps Down as CEO
UAL stock is making gains today after it was announced that Oscar Munoz is to step down as CEO of United Airlines (NASDAQ:UAL) in May to take up the role of chairman and will be ... [Read]
Air Canada Deal: Airliner is Buying Transat AT for $520 Million
Announced earlier today, Air Canada (TSX:AC) (OTCQX:ACDVF) has received approval from the board of directors of Transat AT Inc to take over the tour operator. The Air Canada deal will see it pay out $520 ... [Read]
WestJet To Be Bought By Onex Corp In $5 Billion Deal, Stocks Surge!
Announced today, private equity and credit investor and manager, Onex Corp. has signed a deal to buy Canada’s WestJet Airlines (TSX:WJA) (OTC:WJAFF). The company is paying out $5 billion for the airline and will also assume ... [Read]
WOW Air Shuts Down, Leaves Thousands of Passengers Stranded
Icelandic budget airline WOW Air abruptly ceased operations and canceled all of its flights Thursday, leaving thousands of passengers stranded around the world. The airline added a travel alert on their website that informed customers that ... [Read]
Government Shutdown: Delta Air Lines Faces Financial Loss
According to the CEO of Delta Air Lines (NYSE:DAL), Ed Bastian, the US Government shutdown is costing the airliner $25 million in revenue this month. Another victim of the US government shutdown, the airline said this ... [Read]
Delta Air Lines Debuts New Innovative Boarding Process for 2019
Delta Air Lines, Inc. (NYSE:DAL) is attempting to make its boarding process easier. Will the company succeed? We shall soon find out! These boarding changes are set to take place in late-January. Delta Air Lines ... [Read]
Air Canada Builds Consortium to Acquire Aeroplan
Air Canada (TSXV:AC) has just made the formal announcement this morning that its company has acquired Aeroplan from Aimia Inc (TSXV:AIM) for $450 million CAD. Air Canada Acquires Aeroplan Air Canada, TD, CIBC, Visa and ... [Read]
Alaska Airlines Stocks Suffer Following Gay Couple Discrimination Allegations
Alaska Airlines (NYSE:ALK) is experiencing a five-day stock dip since a controversial incident on one of its airplanes last Sunday, July 29th. The company stock opened on Monday having dropped to $61.68 from $63.65 on ... [Read]
JetBlue Orders 60 Planes from Airbus in $5.4 Billion Deal
JetBlue is ordering 60 planes in a $5.4 Billion deal with Airbus. The airplane carrier is ordering Airbus’s A220 jets; a remodeled jet that was formerly known as Bombardier Inc’s (TSE:BBD.B) C Series. Airbus took control ... [Read]