SoftBank Group Corp (SFTBF) shares jumped 5% in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate, which has been hit by the slumping value of its tech portfolio, has seen its shares gain 17% since last week's close.
-JetBlue Airways Corp (JBLU) said on Thursday it would sell Spirit Airlines Inc's (SAVE) holdings at New York's LaGuardia Airport upon completion of their planned merger. Spirit's holdings, which JetBlue (JBLU) intends to sell to Frontier Group Holdings Inc (ULCC), includes six gates at the Marine Air Terminal and 22 takeoff and landing slots.
Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure its debt outside of bankruptcy. Incora entered bankruptcy with $3.14 billion in debt, according to its court filings in Houston bankruptcy court.
Lululemon Athletica Inc (LULU): * ANNOUNCES FIRST QUARTER FISCAL 2023 RESULTS. * FOR Q2 EXPECTS NET REVENUE TO BE IN THE RANGE OF $2.140 BILLION TO $2.170 BILLION. * SEES Q2 DILUTED EARNINGS PER SHARE TO BE IN THE RANGE OF $2.47 TO $2.52. * LULULEMON ATHLETICA (LULU) - MEANINGFUL ACCELERATION IN CHINA SALES TREND, COUPLED WITH LOWER AIR FREIGHT, CONTRIBUTED TO BETTER THAN PLANNED PERFORMANCE.
Southwest Airlines Co (LUV): * SOUTHWEST AIRLINES CEO SAYS WE HAVE ABOUT 40 PLANES THAT WE CAN'T FLY BECAUSE WE'RE CONSTRAINED BY PILOTS. * SOUTHWEST AIRLINES CEO SAYS WE'RE THINKING ABOUT ECONOMIC UNCERTAINTY IN PLANNING, BUT WE JUST DON'T SEE YET ANY IMPACT IN TERMS OF OUR BOOKINGS. * SOUTHWEST AIRLINES CEO SAYS RIGHT NOW, I DO NOT SEE ENGINES AS A CONSTRAINT TO OUR CAPACITY.
Aerospace supplier Incora filed for Chapter 11 protection on Thursday, citing depressed demand for aircraft maintenance and litigation over its efforts to restructure its debt outside of bankruptcy. Incora entered bankruptcy with $3.14 billion in debt, according to its court filings in Houston bankruptcy court.
Airlines could face shortages of planes, engines and parts for several years as they try to meet a strong rebound in travel demand, the head of aircraft leasing giant AerCap (AER) told Reuters. Aerospace firms have predicted supply chain problems for at least 18 months as airlines clamour for jet deliveries to meet the new demand.
Airlines could face shortages of planes, engines and parts for several years as they try to meet a strong rebound in travel demand, the head of aircraft leasing giant AerCap (AER) told Reuters. Aerospace firms have predicted supply chain problems for at least 18 months as airlines clamour for jet deliveries to meet the new demand.
Southwest Airlines Co (LUV): * SOUTHWEST AIRLINES (LUV) - SECOND QUARTER 2023 CAPACITY AND CASM-X ARE EXPECTED TO BE IN LINE WITH PREVIOUS GUIDANCE. * SOUTHWEST AIRLINES CO SEES Q2 RASM TO DOWN 8% - 10% * Southwest Airlines Co (LUV) - CONTINUES TO EXPECT SOLID PROFITS IN SECOND QUARTER AND FULL YEAR 2023, BOTH EXCLUDING SPECIAL ITEMS.
Southwest Airlines Co (LUV) said on Thursday it continues to expect a strong adjusted profit for the full year as travelers fly more for leisure, leading to more ticket sales. The carrier also reiterated its profit forecast for the second quarter, as summer bookings were boosted by the Memorial Day weekend.
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