ROSEMONT, IL – SEPTEMBER 3: An American Airlines jet is seen in the air preparing to land September 3, 2004 at Chicago’s O’Hare International Airport in Rosemont, Illinois. American Airlines announced December 10, 2004 that they will be raising domestic airfares $ 10 for round-trip and $ 5 for one-way …
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U.K.-based budget airline EZJ, +0.11% said on Tuesday it is considering shutting three of its airport hubs because of the steep drop in travel demand caused by coronavirus. The carrier said in a statement it could close bases at London Stansted, London Southend and Newcastle airports as part of wider …
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Warren Buffett says Berkshire Hathaway dumped all of its holdings in the airline sector, painting a grim picture of the industry that has been badly hurt by the COVID-19 pandemic. “I was wrong about that business,” Buffett said, speaking on Saturday in Omaha, Neb., at Berkshire’s annual shareholder meeting, which …
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U.S. airline stocks have been slammed as companies cancel all but urgent travel and avoid regions with high numbers of cases of the coronavirus COVID-19, but investors say the reaction may be overdone. The selloff is purely motivated by fear, said Michael Matousek, head trader at investment manager U.S. Global …
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