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Airlines reap record profits, and passengers get peanuts

2016-02-06 23:38:29| Airlines - Topix.net

Helped by falling oil prices, airlines are reporting record profits, but for many passengers this sudden bonanza has meant little more than extra bags of free peanuts and pretzels. The four biggest domestic carriers - American Airlines, Southwest Airlines, Delta Air Lines and United Airlines - together earned about $22 billion in profits last year, a stunning turnaround after a decade of losses, bankruptcies and cutbacks.

Tags: record profits airlines passengers

 

Southwest Airlines Co (LUV) Shares Sold by Douglas C. Lane & Associates Inc.

2016-02-06 07:01:47| Airlines - Topix.net

Douglas C. Lane & Associates Inc. cut its stake in shares of Southwest Airlines Co by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission . The firm owned 1,151,648 shares of the airline's stock after selling 201,190 shares during the period.

Tags: inc sold associates lane

 
 

Spirit Airlines Incorporated (SAVE) Stock Price Down 5.7% Following Analyst Downgrade

2016-02-06 02:47:53| Airlines - Topix.net

Spirit Airlines Incorporated shares dropped 5.7% during trading on Friday after Vetr downgraded the stock from a strong-buy rating to a buy rating, Market Beat reports. Vetr now has a $50.26 price target on the stock.

Tags: price save stock spirit

 

Air Astana signs Codeshare Agreement with Air France and KLM Royal Dutch Airlines

2016-02-03 19:54:51| Airlines - Topix.net

Air Astana two of Europe's leading airlines, Air France and KLM Royal Dutch Airlines, have today deepened their cooperation by signing a codeshare agreement for flights between Astana and Paris operated by Air Astana. Effective for flights from 11th March 2016, this three times a week service will now carry the marketing code of both KLM Royal Dutch Airlines and Air France.

Tags: france air agreement royal

 

Southwest Airlines Co (LUV) Stake Raised by Annex Advisory Services LLC

2016-02-03 14:37:26| Airlines - Topix.net

Annex Advisory Services LLC increased its stake in Southwest Airlines Co by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission . The institutional investor owned 17,537 shares of the airline's stock after buying an additional 1,677 shares during the period.

Tags: services llc raised advisory

 

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