The Zacks Analyst Blog United Airlines, Alaska Air, Spirit Airlines, Delta Air and American Airlines
Express News | Alaska Air Group Inc : Evercore ISI Cuts Target Price to $60 From $65
Boeing admitted to guilt for violating the agreement related to the 737Max crash incident.
Boeing will admit to criminal conspiracy charges related to the two fatal crashes of its 737 Max aircraft, a deal that shames the famed American aircraft maker but avoids a courtroom showdown as it tries to recover from multiple crises. Under an agreement reached with U.S. prosecutors, Boeing faces a criminal fine of as much as $487.2 billion - the highest amount allowed by law - but the actual amount will be decided by a judge, the Justice Department said. The Justice Department is seeking the judge to credit the prior fines paid by Boeing, which would bring the new penalty down to 2 billion US dollars if approved.
Sector Update: Consumer Stocks Retreat Late Afternoon
Consumer stocks were falling late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.2%.
Boeing case focuses on corporate defendant's guilty plea agreement.
After two jet crashes resulted in a total of 346 deaths, a $2.5 billion settlement that would have shielded Boeing from criminal prosecution failed to resolve lingering safety concerns about the aviation giant's planes. Federal prosecutors now accuse the company of violating terms of the 2021 settlement. Boeing has agreed to plead guilty to felony fraud charges in a new agreement with the Justice Department. The department hopes to submit a detailed plea agreement by Friday but says it may take 'a few days.' Corporate behavior experts say whether the new agreement has a more lasting impact on safety than the earlier settlement may depend on the independence
Alaska Air Group, Inc. (ALK) Q2 2024 Earnings Call Transcript
Alaska Air Group, Inc. (ALK) Q2 2024 Earnings Call Transcript
Why Domino's Pizza Shares Are Trading Lower By Over 11%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Shares of Domino's Pizza, Inc. (NYSE:DPZ) fell sharply during Thursday's session after the company reported mixed quarterly results.The company reported second-quarter FY24 sales growth of 7.1% year-
Alaska Air (ALK) Q2 Earnings Top Estimates, Revenues Lag
Express News | Alaska Air Exec Says These Trends Give US Confidence That We Can Achieve Flat to Positive Unit Revenues in Q3 Versus Last Year
Express News | Alaska Air Exec Says Advanced Bookings Are Coming in Above Capacity Growth With Load Factors for August and September
Express News | Alaska Air Exec Says Domestic Industry Capacity Set To Increase About 3% Year-Over-Year In Q3 Versus 6% In Q2; International Vs. Domestic Traffic Mix Has Not Yet Normalized
Express News | Alaska Air Exec Says Over One Point of Demand Has Shifted Out of Domestic Travel Since 2019
Express News | Alaska Air Exec Says International Versus Domestic Traffic MiX Has Not yet Normalized
Express News | Alaska Air Exec Says Domestic Industry Capacity Is Set to Increase About 3% Year-Over-Year in Q3 Versus the 6% Increase in Q2
Express News | Alaska Air Exec Says Expecting More Pressure On Unit Costs In Q3 Compared To Q1 And Q2
Express News | Alaska Air Exec Says in Q3 We Expect More Pressure on Unit Costs Than We Saw in Q1 & Q2
Express News | Alaska Air Group Shares Are Trading Lower After the Company Reported Worse-than-expected Q2 Sales Results and Cut Its FY24 EPS Guidance Below Estimates and Issued Q3 EPS Guidance Below Estimates
Express News | Alaska Air Exec Says Planning for Nearly Flat Capacity in August and September Compared With Last Year
Express News | Alaska Air CEO Expects DOJ To Complete Review Of Hawaiian Airlines Acquisition Deal By August 5; Full-Year Capacity Growth Now Expected To Be Less Than 2.5%
Express News | Alaska Air CEO Says We Now Expect Full-Year Capacity Growth to Be Less Than 2.5%