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

Retail investors are buying these stocks into the reopening, UBS says

A Southwest Airlines jet lands at Midway International Airport on January 28, 2021 in Chicago, Illinois. Scott Olson | Getty Images Small investors are betting on a strong recovery from the pandemic and buying into the stocks that should benefit the most, according to UBS. Source link

Open middle seats could reduce Covid exposure of maskless air travelers, CDC study shows

View of the cabin of a Delta flight between Minneapolis and Baltimore on April 25, 2020. Sebastien Duval | AFP | Getty Images Keeping middle seats open on aircraft could reduce passengers’ exposure to the virus that causes Covid-19 by more than half, according to a new study published Wednesday. Researchers from the Centers for … Read more

Boeing’s sales again outpace cancellations, jetliner deliveries pick up

United Airlines Boeing 787-9 Dreamliner landing in London Heathrow International airport in England, UK. Nicolas Economou | NurPhoto | Getty Images Boeing‘s March aircraft sales outpaced cancellations for the second month in a row as some airlines turn their attention to the industry’s recovery from Covid-19‘s toll on travel. The manufacturer on Tuesday reported gross … 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

Myanmar has become a global flashpoint as violence escalates. Here’s what to know

A protester stands near a burning makeshift barricade during a protest against the military coup, in Yangon. STR | AFP | Getty Images Myanmar has descended into chaos as protestors show no signs of backing down against the Feb. 1 military coup that ousted the democratically elected government led by Aung San Suu Kyi, the … 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

United takes 24 Boeing 777s out of service after engine failure as FAA orders inspections

Residents take pictures of debris fallen from a United Airlines airplane’s engine on the neighborhood of Broomfield, outside Denver, Colorado, on Feb. 20, 2021. A United Airlines flight suffered a fiery engine failure Feb. 20, shortly after taking off from Denver on its way to Hawaii, dropping massive debris on a residential area before a … Read more