Major U.S. airlines, business and travel groups and other companies urged the White House on Thursday to abandon COVID-19 pre-departure testing requirements for vaccinated international passengers traveling to the United States.
Major U.S. airlines, business and travel groups and other companies urged the White House on Thursday to abandon COVID-19 pre-departure testing requirements for vaccinated international passengers traveling to the United States.
Major airlines, business and travel groups and other companies urged the White House on Thursday to abandon COVID-19 pre-departure testing requirements for vaccinated international passengers traveling to the United States.
-Australian carrier Qantas Airways Ltd (QUBSF) said on Thursday it would buy the remaining 80% stake in Alliance Aviation Services (ALAVF) for A$610.8 million in an all-stock deal to expand its footprint in the charter business.
* United Airlines, American Airlines (AAL) jump on earnings outlook. * Tesla rises after first-quarter results top estimates. * Fed's Powell set to speak later in the day. * Indexes up: Dow 0.72%, S&P 0.89%, Nasdaq 1.15% By Bansari Mayur Kamdar and Sruthi Shankar.
The Nasdaq led Wall Street's main indexes higher on Thursday, lifted by a surge in Tesla shares, with airline stocks providing added boost after United Airlines and American Airlines (AAL) forecast a return to profitability in the current quarter.
* United Airlines, American Airlines (AAL) jump on earnings outlook. * AT&T (T) up after posting rise in core wireless revenue. * Tesla rises after first-quarter results top estimates. * Futures: Dow 0.71%, S&P 0.94%, Nasdaq 1.31% By Bansari Mayur Kamdar and Sruthi Shankar.
American Airlines Group Inc (AAL): * AMERICAN AIRLINES REPORTS FIRST-QUARTER 2022 FINANCIAL RESULTS. * Q1 LOSS PER SHARE $2.52. * Q1 LOSS PER SHARE $2.32 EXCLUDING ITEMS. * SEES Q2 REVENUE UP 6 TO 8 PERCENT. * Q1 REVENUE $8.9 BILLION. * AMERICAN AIRLINES (AAL) - EXPECTS TO BE PROFITABLE IN Q2 BASED ON CURRENT DEMAND TRENDS AND FUEL PRICE FORECAST.
United Airlines Holdings (UAL) on Wednesday forecast a profit for the second quarter as it expects booming travel demand to generate the highest quarterly revenue in the company's history. After a speed bump caused by the Omicron-driven surge in COVID-19 cases early in the year, travel demand has surged back. As a result, United said it expects to post a profit this year.
China's central bank and insurance regulator urged financial institutions to step up support for the contact-intensive service sector and small firms impacted by COVID-19 outbreaks.
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