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Major U.S. airlines will need to retrofit planes by the end of 2030 to address potential wireless interference after a new auction of wireless spectrum, but the carriers will be eligible for as much as $2.2 billion in government rebates to cover the costs, the Federal Aviation Administration said on Friday.
A rapid rise in jet fuel prices is forcing U.S. airlines to rewrite earnings expectations, exposing how quickly higher fuel costs can outpace revenue gains from strong travel demand.
The new CEO has shown a willingness to go in his own direction, but you shouldn't necessarily follow blindly.
Joby Aviation (JOBY) shares climbed nearly 7% in Wednesday trading after the electric air taxi developer finalized a multiyear commercial agreement with Virgin
Let's take a closer look at how Union Pacific, Norfolk Southern, Old Dominion and United Parcel Service are expected to fare this earnings season.
Rising fuel costs have pressured airline profits but are being managed, at least for now.
Bessemer Group Inc. raised its stake in Delta Air Lines, Inc. (NYSE: DAL) by 105.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,018 shares of the transportation company's stock after acquiring an additional 20,012 shares during the quarter. Bessemer
Delta (DAL) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SEC filings for DAL aren't indexed yet — common for recently launched funds. Browse the issuer's filings on SEC EDGAR directly.