"Covid passport" will help passengers avoid quarantine restrictions 2020/10/08 05:00:00 Hull Live
It will be used on United Airlines flights between London Heathrow and New York after initial launch on Cathay Pacific in Far East
Stock Market Today: White House Flip-Flop Sends Stocks Higher 2020/10/07 20:40:00 Kiplinger Washington Editors
If your neck is aching right now, it's likely from keeping up with the back-and-forth fate of COVID stimulus talks, which are changing literally every few hours at this point. We reported Tuesday that President Donald Trump directed his team to pull out of negotiations , effectively killing any hopes of stimulus before the Nov. 3 elections. An afternoon market drop and just a few hours of surprised conjecture later, Trump pulled a 180 , calling for more of a piecemeal strategy and saying he'd be ready to sign a standalone bill for stimulus checks "right now." SEE MORE 12 Low-Volatility Stocks to Stabilize Your Portfolio And on Wednesday, the Federal Open Market Committee released its September-meeting minutes, which revealed very little that Wall Street didn't already know or expect. But they did show that many on the Fed believe it can't wage an economic fight against COVID alone. "It remains unclear as to whether the Fed will need to provide incrementally more monetary stimulus," says Bob Miller, BlackRock's head of Americas Fundamental Fixed Income. "What is clearer, however, is the Committee member's revealed preference that fiscal policy is the optimal response to generate more targeted stimulus from here.
Levi Strauss, United rise; DraftKings, NanoString fall 2020/10/07 20:25:53 ABC News
Stocks that moved heavily or traded substantially Wednesday: Levi Strauss, United Airlines rise; DraftKings, NanoString fall
Trump signals willingness to help airlines and markets jump 2020/10/07 18:43:02 The Star
Shares of United Airlines went up six per cent, American Airlines up four per cent and Delta Air Lines up 3.6 per cent. JetBlue jumped almost six per cent and Southwest rose as well.
Stocks making the biggest moves midday: Netflix, United Airlines, Levi Strauss & more 2020/10/07 15:31:03 CNBC
Check out the companies making headlines in midday trading.
United Airlines posts $1.6-billion loss, says it's shedding 6,000 workers 2020/07/21 22:52:20 Los Angeles Times
United Airlines burned through $40 million a day last quarter. It says it'll cut that to $25 million a day this quarter by slashing costs.
Stocks making the biggest moves after hours: Snap, United Airlines, Capital One and more 2020/07/21 21:38:19 CNBC
See which stocks are posting big moves after the bell.
United Slows Cash Burn With Flight Trims | MarketScreener 2020/07/21 20:54:00 MarketScreener
By Doug Cameron United Continental Holdings Inc. said Tuesday that it will trim more flying this quarter in response to the stall in demand while cost-cutting efforts will reduce how much cash… | July 21, 2020
United Airlines Earnings: UAL Stock on the Move Following Q2 Beats 2020/07/21 20:53:28 InvestorPlace
United Airlines (UAL) earnings for the airline company's second quarter of 2020 have UAL stock up after markets closed on Tuesday.
United Continental (UAL) slips to a loss in Q2 on lower revenues 2020/07/21 20:45:32 News Alphastreet
United Continental Holdings Inc (NASDAQ: UAL) reported a net loss for the second quarter of 2020 as COVID-related disruptions impacted passenger traffic. On an adjusted basis, the company reported a loss of $9.31 per share in the June-quarter from earnings of $4.21 per share a year earlier. The bottom line missed the consensus forecast. The net […]
High Yield Issuance Window Slams Shut As United Pulls 11%-Yielding Bond 2020/05/08 21:55:52 Zero Hedge
High Yield Issuance Window Slams Shut As United Pulls 11%-Yielding Bond Just minutes after CNBC was discussing how fantastic the Fed put on High-Yield Bonds has been in setting a floor under the capital structure and enabling the biggest surge in stocks off the COVID-19 contagion lows (despite The Fed having yet set one foot in the HY bond buying space), an awkward headline hit that may prove to be monumental by Monday morning. After early discussions in the low 9%-yield range , United Airlines was reportedly forced to increase the juice to 11% late this afternoon in order to encourage takers for its $2.25 billion bond offering. Bloomberg reported that the changes come after the three and five-year bonds had only received about $1.5 billion of orders as of Thursday morning , the people added. But then it got worse, as potential buyers continued to push for investor-friendly changes. Bloomberg points out that the notes were secured on a first priority basis by a pool of 360 aircraft owned by United, leaving some investors concerned that these are not valuable enough to balance out the risk of investing in an airline whose business has been hit as governments across the globe have halted travel to help stem the spread of Covid-19.
A photographer spent two weeks flying around in helicopters to capture the parked planes at US airports during the pandemic — see his eerie and beautiful work 2020/05/08 19:01:07 Business Insider
Dallas-based travel blogger and photographer Andy Luten took to the skies to document the effects of the pandemic on air travel, visiting six airports across the American Southwest home to grounded aircraft. Chartering a helicopter at each location, Luten got a unique aerial perspective of the hundreds of grounded jets from various US and foreign airlines. The journey took two weeks with over 4,000 miles driven by Luten in an electric Tesla vehicle. Visit Business Insider's homepage for more stories . Like most travelers, Dallas resident Andy Luten has been grounded since March. Normally averaging around 150,000 miles of flying each year for work and pleasure, Luten has been forced to watch from the ground as the airline industry slowly dwindles to a shell of its former self. In his role as a financial software consultant, Luten is frequently taking to the skies and also maintains a travel blog, aptly named Andy's Travel Blog . Luten features flight and trip reports where, as an avid photographer, he gets to combine his photography and aviation passions, sharing his experiences with the public.
Billionaire investor Leon Cooperman outlined 11 reasons why he's concerned about coronavirus' long-term impacts 2020/05/08 10:00:00 Business Insider
Hedge-fund billionaire Leon Cooperman detailed 11 reasons why he's worried about the long-term effects of the coronavirus pandemic. Cooperman is concerned about tougher regulations, tax hikes, soaring government debt, and a sluggish recovery in demand, he said in an email shared with Business Insider. The investor also flagged Warren Buffett's inactivity in recent months, saying that if the Berkshire Hathaway boss isn't doing much, "who am I to be bold?" Visit Business Insider's homepage for more stories . Billionaire investor Leon Cooperman has a laundry list of worries about the long-term impacts of the coronavirus pandemic. The Omega Advisors boss flagged 11 potential consequences including stricter regulations, higher taxes, and slimmer corporate profits in an email to other investors that he shared with Business Insider. He also pointed to Warren Buffett's recent inactivity as a reason not to be too bullish. Here are Cooperman's 11 concerns: 1. Capitalism "will likely be changed forever" by unprecedented federal interventions to buttress the US economy against the pandemic. "When the government protects you on the downside they have the right to regulate the upside." 2.
United Airlines sees weak demand for $2.25 billion junk bond, sources say 2020/05/07 20:21:19 The Star
Some investors are concerned the notes are not valuable enough to balance out the risk of investing in an airline whose business has been hit as governments across the globe have halted travel.