JHVEPhoto/iStock Editorial via Getty Images Southwest Airlines Co. (NYSE:LUV) and Archer Aviation (NYSE:ACHR) announced on Friday that they have signed a memorandum of understanding. The MOU is to develop operational plans for electric air taxi networks utilizing Archer’s (ACHR) eVTOL aircraft at California airports where Southwest (LUV) operates flights. SouthwestContinue Reading
Lukas Wunderlich/iStock Editorial via Getty Images Delta Air Lines (NYSE:DAL) inched lower on Wednesday, ahead of its second-quarter results on July 11, before the opening bell, with investors expecting another quarter of robust demand. Ed Bastian, chief executive of Delta, last month showed optimism about the summer travel season. BastianContinue Reading
Spencer Platt/Getty Images News Honeywell (NASDAQ:HON) said Wednesday it agreed to acquire Air Products’ (APD) liquefied natural gas process technology and equipment business for $1.81B in cash, allowing it to expand its offerings as the share of liquefied natural gas in the global gas supply continues to grow. Honeywell (HON)Continue Reading
Andrew Harnik/Getty Images News The U.S. and its NATO allies have pledged to provide Ukraine with additional air defense capabilities, including equipment for five Patriot systems, to defend itself against Russian attacks, Joe Biden announced at the opening of the NATO summit on Tuesday in Washington, D.C. Ukraine will receiveContinue Reading
Laser1987/iStock Editorial via Getty Images Hawaiian Holdings (NASDAQ:HA) rose 6%, gaining for a second day, as investors await to see if regulators will approve or try to block its planned combination with Alaska Air (NYSE:ALK). Some traders told Seeking Alpha that Hawaiian Holdings (HA) rose Tuesday after an options trade.Continue Reading
Imilian Next week marks the beginning of earnings season, with several big companies across the financial, consumer and technology sectors set to release their quarterly results. Investors will be keenly watching reports from PepsiCo (NASDAQ:PEP), Delta Air Lines (NYSE:DAL), Ericsson (NASDAQ:ERIC), JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C). BelowContinue Reading
Mesa Air Group (NASDAQ: MESA)announced the furlough of 12 pilots and training deferrals for 41 pilot trainees, effective July 12, 2024. These actions are the result of significantly reduced attrition among Mesa’s active pilot workforce. The company currently anticipates this will save approximately $750,000 per month in operating expenses. Source: PressContinue Reading
Alvin Man Air Canada (TSX:AC:CA) Tuesday reported an agreement with BOC Aviation Limited for the placement of eight Boeing 737-8 aircraft. “We look forward to these aircraft entering into service next year, upon the completion of some required modifications,” said Michael Rousseau, President and Chief Executive Officer of Air CanadaContinue Reading
Eve Air Mobility (NYSE:EVEX) on Monday announced $94M in new equity financing from multiple investors. The funding includes participation from companies that include Embraer, Nidex, and additional financial investors. The company entered into agreements, dated as of June 28, 2024, for the issuance and sale of 23.5M shares of theContinue Reading
We are just two weeks away from the second quarter earnings season, and the lull phase of the first quarter reporting is slowly coming to an end. In the last week of June, eight S&P companies disclosed their earnings. Here is a quick glance at the financial results that wereContinue Reading
