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Zacks News
Should You Buy the Recovery Stocks Right Now?
by Tracey Ryniec
Coronavirus cases are on the decline again nationwide and more restrictions are being eased. Is the worst over for the travel and leisure companies?
Copa Holdings (CPA) Incurs Loss in Q2, Revenues Drop 98% Y/Y
by Zacks Equity Research
Copa Holdings' (CPA) Q2 results are hurt by 98.3% year-over-year decline in passenger revenues due to coronavirus-led travel restrictions.
Stock Market News for Aug 7, 2020
by Zacks Equity Research
U.S. stock markets maintained rally on Thursday on expectations of the second round of coronavirus relief package from the government soon.
Transport ETFs Gain Despite Soft Q2 Earnings
by Sweta Killa
The second-quarter earnings are painting a dismal picture for the transportation sector.
Coronavirus Spoils Airlines' Q2 Earnings Story: What Lies Ahead?
by Maharathi Basu
The impact of coronavirus on airlines' Q2 earnings was greater than that in Q1.
Should You Invest in the U.S. Global Jets ETF (JETS)?
by Zacks Equity Research
Sector ETF report for JETS
Ryanair (RYAAY) Posts Q1 Loss, Expects Q2 Loss to be Smaller
by Zacks Equity Research
Ryanair's (RYAAY) Q1 results are hurt by coronavirus-led travel demand woes. With gradual resumption of flights, the carrier expects the Q2 loss to be smaller than Q1.
Knight-Swift (KNX) Q2 Earnings Beat, Revenues Decline Y/Y
by Zacks Equity Research
Knight-Swift's (KNX) Q2 performance reflects coronavirus-induced freight softness. Revenues decline across all three segments.
Landstar (LSTR) Beats on Q2 Earnings & Revenues, Ups Dividend
by Zacks Equity Research
Although Landstar (LSTR) surpasses Q2 earnings and revenue estimates, its performance is hurt by coronavirus-induced weak freight demand. The company rewards its shareholders with 13.5% dividend hike.
Airline Stock Roundup: UAL & SAVE Suffer Q2 Loss Under Coronavirus Curse & More
by Maharathi Basu
Passenger revenue debacle affects the Q2 results of both United Airlines (UAL) and Spirit Airlines (SAVE).
Southwest (LUV) Posts Q2 Loss, Revenues Decline 83% Y/Y
by Zacks Equity Research
Significant loss of passenger revenues weigh on Southwest's (LUV) Q2 performance. Although revenues beat estimates, it dropped approximately 83% year over year.
Alaska Air (ALK) Posts Q2 Loss, Revenues Decline 82% Y/Y
by Zacks Equity Research
Significant loss of passenger revenues due to coronavirus-led weak air travel demand hurt Alaska Air's (ALK) Q2 results.
CSX Q2 Earnings & Revenues Miss on Coronavirus-Led Weak Volumes
by Zacks Equity Research
Reduced economic activity as a result of coronavirus weighs on CSX's Q2 performance.
GATX's Q2 Earnings Beat, Decline Y/Y Due to Coronavirus Woes
by Zacks Equity Research
Although GATX beat Q2 earnings estimates, its performance was hurt by coronavirus-led disruptions on Rail North America and Rail International segments.
Canadian National's (CNI) Q2 Earnings Meet Estimates, Down Y/Y
by Zacks Equity Research
Low freight revenues and volumes amid COVID-19 hurt Canadian National's (CNI) second-quarter 2020 results.
United Airlines (UAL) Posts Q2 Loss, Sees a Dip in Load Factor
by Zacks Equity Research
Softness in passenger revenues dents United Airlines' (UAL) Q2 results. Low fuel costs, however, offer some relief.
4 Airline Stocks Poised for Bottom-Line Outperformance in Q2
by Maharathi Basu
Diminished passenger revenues are likely to have dented the airlines' Q2 performance. However, low operating expenses might have provided a cushion.
Delta Proposes Pilot Pay Cuts to Avoid Furloughs for a Year
by Zacks Equity Research
Before considering involuntary layoffs to address overstaffing, Delta (DAL) plans to first exhaust all other options. To this end, the airline proposes pilots' pay cuts to avoid furloughs for a year.
American Airlines Partners JetBlue to Boost Connectivity
by Zacks Equity Research
The codeshare agreement allows JetBlue passengers to avail of more than 60 routes operated by American Airlines (AAL).
Airline Stock Roundup: DAL Posts Q2 Loss, UAL's Warns of Job Loss & More
by Maharathi Basu
Delta (DAL) suffers in Q2, mainly due to tepid passenger revenues. United Airlines' (UAL) warning of job cuts is also on account of a gloomy air-travel demand scenario.
Stock Market News for Jul 15, 2020
by Zacks Equity Research
Benchmarks closed higher on Tuesday despite investors pulling out of big tech stocks.
Delta Air Lines (DAL) Posts Q2 Loss, Suffers Weak Load Factor
by Zacks Equity Research
Delta Air Lines (DAL) performs dismally in Q2, mainly due to shrinking passenger revenues.
Delta Air Lines (DAL) Reports Q2 Loss, Tops Revenue Estimates
by Zacks Equity Research
Delta (DAL) delivered earnings and revenue surprises of -11.59% and 4.80%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Delta Receives a Large Turnout for Early Buyout Packages
by Zacks Equity Research
Given the large turnout Delta (DAL) has received for its early buyout packages, the carrier might be able to avoid involuntary furloughs in the fall.
Earnings Season Begins with Mixed Results
by Jeremy Mullin
A JPMorgan beat and a Delta miss kick off earnings season.