Quarterly, annual earnings. See the latest EPS estimates vs Actual and surprise it caused. Stock Market Daily has their analysis The post Analysts Are Revising Their Forecasts NYSE:CPAC, NYSE:IPG, NYSE:LUV, NASDAQ:ISTR appeared first on .
Summary List Placement A California family said Southwest Airlines "just wanted them off the plane" when their 3-year-old son refused to keep his face mask on. Now, the family is vowing to never fly on the airline again. Eric Hansen, his wife, and their toddler were all ready to fly from Las Vegas to San Jose on Friday 23 July, KRON4 reported . "They''re a pretty big airline in the Bay Area but I am going to do all I can to not get another one of their flights and potentially go through another situation like this," Eric Hansen told KRON4. Hansen said two flight attendants and a gate agent treated them like criminals. When they feared police were being called to arrest them, they voluntarily stepped off the flight, according to KRON4. The family said they had to spend an extra night in Las Vegas without any of their checked baggage, as a result. "They should have given us more time, maybe walked away and said we will give you five or 10 minutes, but their flight was late so I think they were trying to make time.
Summary List Placement It seems like everyone in the US is rushing to book their summer "revenge vacation." But there''s one segment of travel that''s lagging behind: business travel . Most of us might be laser-focused on leisure vacations right now, but the revival of business travel is crucial for hospitality and travel companies. Before COVID-19, business travelers made up 12% to 15% of trips on larger airlines but generated about 45% of airlines'' revenue. And while leisure demand has passed complete recovery, business travel is still lagging behind by 60%, Scott Kirby, United Airlines CEO''s, told John Dickerson on CBS'' " Face the Nation ." Similarly Southwest Airlines'' "business travel component" was down 69% in June, Gary Kelly, Southwest Airlines chairman and CEO, told Bloomberg . Kelly predicts this segment will continue to be down 50% by September, and will then improve afterwards. In 2022 and 2023, Southwest plans to bring back more flights catered to business customers. The consensus is that business travel will accelerate in September after Labor Day, Patrick Scholes, an analyst at Truist Securities, told Insider.
Summary List Placement Skiplagged, a flight-information website, asked a New York court to rule on whether it was breaking Southwest Airline''s terms of service by posting flight airfares. "Skiplagged does not access Southwest.com or use the Southwest API to obtain data published on Skiplagged.com," the tech company said in its complaint, "and is not bound by the Southwest terms and conditions." The filing was curious in that Southwest hadn''t publicly accused Skiplagged of breaking its terms and services. The filing was instead an indirect response to another lawsuit where Southwest was suing a different online travel agency, although Skiplagged wasn''t named as a defendant. Since January, Southwest has been in a legal battle with Kiwi.com in federal court in Texas. Southwest in that lawsuit sought an injunction to stop Kiwi.com from displaying its flights. The airline has stated that it doesn''t allow online travel agencies to sell its flights without written permission. "Kiwi knowingly and intentionally targets the Southwest website to harvest Southwest''s fare and pricing information for its own commercial benefit and without Southwest''s authorization," the airline said in its complaint.
Video source: YouTube, CNBC Television By Tracy RucinskiAnkit Ajmera U.S. carriers American Airlines and Southwest Airlines on Thursday posted quarterly profits helped by a bookings rebound and federal aid and vowed to resolve hiccups across their operations as passengers return in droves. Airlines quickly scaled back flying when the coronavirus gripped the industry in early 2020. Now they are rushing to return airplanes and workers to the skies as demand returns quicker than they had expected. Both American and Southwest had to cancel summer flights due to labor shortages, bad weather and less network flexibility. Now they are recalling crews and resuming hiring. "It''s messy," Southwest Chief Executive Gary Kelly told investors and media. He said the company is "intensely focused" on improving its operations and flagged the time it will take to hire and train new workers as a key concern going forward. "We are in the midst of an unprecedented recovery," American Chief Executive Doug Parker said on an investor call where the company also outlined plans to pay down about $15 billion of debt by the end of 2025.
LUV earnings call for the period ending June 30, 2021.
No summary available.
Southwest Airlines announced that business travel bookings improved in its second quarter, marking the first profit month for the airline since the outbreak of Covid-19. Southwest Airlines reported that it had $3.6 billion of passenger revenue during the quarter and $4 billion total operating revenues. This is more than twice the amount of operating revenues  Southwest Sees June Profit, Steady Corp. Travel Improved Q2
DALLAS (AP) American Airlines and Southwest Airlines both posted second-quarter profits on Thursday thanks to generous federal pandemic relief that covers most of their labor costs.
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NEW YORK - Stocks that traded heavily or had substantial price changes Thursday: Texas Instruments Inc., down $10.33 to $183.91. The chipmaker''s revenue forecast disappointed
Summary List Placement Flying is back, and with a vengeance. US airlines have practically been begging the public to get back in the skies during the pandemic. They''re finally getting their wish this summer thanks to the vaccine rollout and near-flattening of the domestic COVID-19 curve. But many travelers looking to get away from it all are finding the travel experience to be anything but easy. The summer of vaccinated travel was kicked off by hundreds of flight delays and cancellations that are still continuing. American Airlines in June saw nearly 400 flights canceled thanks to staffing shortages that set the tone for summer, forcing the airline to scale back on its summer flying schedule . Southwest similarly canceled hundreds of flights in June, which it blamed on bad weather. Now, the airline is saying operational issues also impacted its performance. "While the rapid ramp up in June travel demand provided stability to our financial position, it has impacted our operations following a prolonged period of depressed demand due to the pandemic," Gary Kelly, Southwest Airlines'' chief executive officer, said in a second-quarter earnings statemen t. "Therefore, we are intensely focused on improving our operations as we restore our network to meet demand." Airline woes can largely be attributed to decisions made in the worst days of the pandemic when they found themselves with too many people and planes in light of severely reduced demand.
American Airlines and Southwest Airlines both posted second-quarter profits on Thursday thanks to generous federal pandemic relief that covers most of their labor costs.
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American Airlines Group Inc. (NASDAQ: AAL) said on Thursday its revenue climbed by over 350% in the fiscal second quarter. The air carriers adjusted loss contracted more than expected as easing COVID-19 restrictions turned the daily cash burn positive. American Airlines Q2 financial performance American Airlines generated $7.48 billion of total revenue and reported $1.69  The post American, Southwest airlines report upbeat quarters on strong pent-up demand appeared first on Invezz .