Pipeline outage forces American Airlines to add stops to some long-haul flights

Holding tanks are seen at Colonial Pipeline’s Charlotte Airport Delivery Facility in Charlotte, North Carolina, U.S. an undated photograph. Colonial Pipeline | via Reuters The cyberattack that forced the shutdown of the country’s largest refined fuel-products pipeline over the weekend has sparked some routing changes for American Airlines as it seeks to conserve fuel at … Read more

Investors may have to tune out noise from pandemic booms and busts as they gauge earnings reports

A shopper walks by shelves in the paper products aisle of a store in Burbank, California, November 19, 2020. Robyn Beck | AFP | Getty Images In a typical earnings season, the rules of the game for investors can be relatively simple: Rising profits and strong year-over-year sales growth signal success. That formula won’t work … Read more

Southwest Airlines says leisure bookings improving, expects to break even in June

A Southwest Airlines jet leaves Midway Airport on in Chicago, Illinois. Scott Olson | Getty Images Southwest Airlines on Thursday said leisure travel bookings continue to rise and that it expects to break even “or better” by June. The Dallas-based airline posted first-quarter net income of $116 million, compared with a $94 million loss a … Read more

American Airlines says it will resume hiring pilots this fall as travel demand recovers

American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. Marco Bello | Reuters American Airlines plans to resume hiring pilots this fall, the carrier told aviators on Tuesday, as a rebound in demand prompts airlines … Read more

Concerns over inflationary pressure on earnings will test stocks in the week ahead

Traders on the floor of the New York Stock Exchange. Source: CNBC Earnings will be the major focus for investors in the week ahead, as they home in on whether rising costs are squeezing margins and signaling a build in inflationary pressures. From Coca-Cola and IBM to Johnson & Johnson and Netflix, investors will hear … Read more

U.S. companies face boycott threats, mounting pressure to take sides in America’s battle over voting rights

Protesters gather outside of the Georgia State Capitol to protest HB 531, which would place tougher restrictions on voting in Georgia, in Atlanta, Georgia, U.S. March 4, 2021. Dustin Chambers | Reuters U.S. corporations face growing pressure and threats of boycotts to publicly oppose Republican-backed election legislation in Georgia and other states that critics say … Read more

Fully vaccinated people can resume travel at ‘low risk,’ CDC says

COVID-19 vaccination record card issued by the Centers for Disease Control Bill Clark | CQ-Roll Call, Inc. | Getty Images The U.S. Centers for Disease Control and Prevention on Friday said fully vaccinated people can safely travel at “low risk” after the agency had held off for weeks on revising guidance that discouraged all non-essential … Read more

Airlines, travel industry groups urge Biden administration for plan to lift international travel restrictions

COVID-19 vaccination record card issued by the Centers for Disease Control Bill Clark | CQ-Roll Call, Inc. | Getty Images U.S. airlines and more than two-dozen other industry groups on Monday urged the Biden administration to form a plan by May to lift international travel restrictions after cross-border travel was devastated in the pandemic. Airlines … Read more

American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt

American Airlines flight 718, the first U.S. Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, U.S. December 29, 2020. Marco Bello | Reuters American Airlines said Monday it is planning to issue $5 billion in bonds and seek a $2.5 billion loan backed by its … Read more

Stocks making the biggest moves midday: Kohl’s, Royal Caribbean, Discovery and more

Here are the companies making headlines in midday trading. Kohl’s Corporation – The retailer’s shares jumped more than 9% after a group of activist investors nominated nine directors for the company’s board, while also pushing for other changes. Together the group holds a 9.5% stake in Kohl’s. The proposed changes could lead to as much … Read more