Aerostructures manufacturer Spirit AeroSystems Holdings posted a quarterly loss on Tuesday, proving to be yet another aircraft manufacturer that has been hit by the slump in air travel caused by the COVID-19 pandemic. The company explained in a statement that this loss resulted directly from the reduction in aircraft...
While already the most shorted stock on the market, American Airlines Group Inc skyrocketed yet again after being mentioned on the Wall Street Bets forum on Reddit. This comes after GameStop Corp. stocks surged due to being the focal point of debate on the exact same forum.
American Airlines's rapid...
Following a lengthy hiatus, the Boeing 737 MAX aircraft is due to take to the skies once again, with American Airlines committing to feature this airplane in its flight schedule starting this December.
While the 737 MAX is yet to be recertified to fly, Wall Street is fairly optimistic about...
Delta Airlines publicly divulged its third-quarter financials on Tuesday, revealing an almost $5.4 billion loss on a net basis. This emphasized what CEO Ed Bastian called “the magnitude” of the effects that the coronavirus pandemic had on the airline industry.
While Delta met its expected total operating revenue of $3.1...