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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 09:33 EDT
Airline stocks right now are caught between a spreading virus of unknown duration and the potential of an economic slowdown of unknown proportions, making a short-term trading call very difficult to predict, Bernstein analyst David Vernon tells investors in a research note. At the same time, airline stocks are trading well below what the value might be in a more normalized environment, adds the analyst. After performing stress tests for earnings, Vernon sees bankruptcy risk as low for the group. However, he expects 2020 earnings estimates to be cut significantly. Vernon lowered the firm's price target on Outperform-rated American Airlines (AAL) to $27 from $40, Delta Air Lines (DAL) to $64 from $73, and United Airlines (UAL) to $77 from $109, as well as Market Perform-rated Southwest (LUV) to $55 from $61.
News For AAL;DAL;UAL;LUV From the Last 2 Days
Oct 25, 2021 | 12:01 EDT
Get caught up quickly on the top news and calls moving stocks with these Top Fives, as compiled by the editors of The Fly.  1... To see the rest of the story go to See Story Here
Oct 25, 2021 | 10:43 EDT
United Airlines said it is costing the company roughly $1.4M every two weeks to put unvaccinated pilots on paid leave as their co-workers "refuse to risk their safety" by flying alongside them, Bloomberg's Erik Larson reports, citing a court filing. The airline is calling on U.S. District Judge Mark Pittman not to extend a temporary restraining order on the vaccine mandate that United announced for all U.S. staff in August, arguing the order is resulting in "irreparable" financial harm. Reference Link
Oct 25, 2021 | 10:07 EDT
Southwest Airlines is launching Rapid Rewards Business, giving businesses the ability to earn Rapid Rewards points as their travelers return to the sky. By joining Rapid Rewards Business, companies earn Rapid Rewards points that can be applied toward travel on the company's behalf, while travelers who are Rapid Rewards Members also earn Rapid Rewards points in their personal accounts. To celebrate the launch of Rapid Rewards Business, Southwest Airlines is offering a special promotion awarding 25,000 Rapid Rewards Business points to qualified businesses that apply before Dec. 31, 2021, and have a traveler book and fly two round trips within 90 days of enrollment. Business travelers who link their Rapid Rewards accounts with their company's travel program can earn their company: Three Rapid Rewards Business points per $1 when booking and flying Business Select fares; Two Rapid Rewards Business points per $1 when booking and flying Anytime fares; One Rapid Rewards Business point per $1 when booking and flying Wanna Get Away fares.