The Q4 2024 earnings season ended on a high note with S&P 500® EPS growing 18.3% YoY. This week, three major airlines issued 8-Ks to lower the previous earnings and sales guidance given in those Q4 reports. Delta kicks off Q1 airline reports when they release results on April 9 (unconfirmed, projected based on historical earnings report dates.
Jamie Baker, JPMorgan senior airlines analyst, joins 'The Exchange' to discuss Delta's concerns in earnings, historical patterns on airline trading, and much more.
CNBC's Andrew Ross Sorkin reports on the latest news.
An American Airlines flight caught on fire after landing on the runway at Denver International Airport. The plane was diverted to Denver after the crew reported engine vibrations.
American Airlines Flight 1006 was seen engulfed in smoke at Denver International Airport. The airline said the plane "experienced an engine-related issue" after landing and taxiing.
An American Airlines jet's engine caught fire after it diverted to land in Denver on Thursday, forcing the evacuation of passengers using the plane's slides, the Federal Aviation Administration said.
A string of crashes have led travelers to be weary of flying. Transcript: Caroline Woods: Travel demand is down and while there are a host of factors contributing to the pullback, one stands out more than the rest: fear.
Several major U.S. airlines dialed back their quarterly financial expectations as the industry contends with softer demand from economic uncertainty and other factors.
American Airlines Group Inc (NASDAQ:AAL) stock is seeing unusual options activity today, with 165,000 calls traded so far -- 5 times the volume typically seen at this point -- compared to 48,000 puts.
A day after Delta Air Lines cut its guidance, citing lower U.S. consumer confidence, three more airlines made similar comments about the current macroeconomic environment. In presentations made Tuesday (March 11) at the J.P.
American Airlines Group Inc. (NASDAQ:AAL ) J.P. Morgan Industrials Conference March 11, 2025 9:00 AM ET Company Participants Abriell Jackson - MD, IR Robert Isom - CEO Devon May - CFO Conference Call Participants Jamie Baker - JPMorgan Mark Streeter - JPMorgan Jamie Baker All right, folks, moving right along.
Delta, American and Southwest have cut their first-quarter forecasts. Airlines have said economic weakness and uncertainty have driven down domestic travel demand.