59.45 +0.08 (0.13%)
Pre-Market: 8:15AM EDT
|Bid||59.01 x 900|
|Ask||59.45 x 2200|
|Day's Range||58.16 - 59.77|
|52 Week Range||45.08 - 63.44|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||8.86|
|Earnings Date||Oct 9, 2019 - Oct 14, 2019|
|Forward Dividend & Yield||1.61 (2.73%)|
|1y Target Est||69.94|
Virgin Atlantic, tiny by global airline standards, outlined a plan in London to fly to 84 new destinations in Europe, the Americas, Asia, and Australia, as it seeks to challenge British' Airways market dominance in London. But there's a giant catch. British Airways owns London not because of its tradition, service standards or marketing acumen, […]
The airline is studying a potential refinery to produce biofuel from forest floor debris at a location could be Washington state.
(Bloomberg) -- GitLab Inc., a platform for developing and collaborating on code, has raised $268 million in new funding in a round valuing the startup at $2.75 billion, more than double its last valuation, the company said.The San Francisco-based startup provides a single application for companies to draft, develop and release code. The product is used by companies including Delta Air Lines Inc., Ticketmaster Entertainment Inc. and Goldman Sachs Group Inc.GitLab helps companies “get faster from ‘I want to make this,’ to getting the software out the door,” Chief Executive Officer Sid Sijbrandij said in an interview. “All the companies are becoming software companies, every change you want to make influences software, and the faster you can make that change, the easier it is.”The new funds will be used to add monitoring and security to GitLab’s offering, and to increase the company’s staff to more than 1,000 employees this year from 400. GitLab is able to add workers at a rapid rate, since it has an all-remote workforce, Sijbrandij said.The investment also comes in preparation for a potential public offering next year. GitLab’s largest competitor, GitHub Inc., was acquired by Microsoft Corp. in a stock deal announced in June 2018 worth $7.5 billion. But GitLab will instead aim for the public markets, targeting an IPO or direct listing next fall, Sijbrandij said.“We’d rather stay independent as a company,” he said. GitLab has set a tentative date of Nov. 18, 2020, but the CEO added that the startup will watch market conditions and that nothing is guaranteed.The Series E funding round was led by ICONIQ Capital and Goldman Sachs. New investors include Adage Capital Management, Alkeon Capital and Two Sigma Ventures, among others.GitLab has raised a total $426 million so far, including the new round.To contact the reporter on this story: Kiley Roache in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Molly Schuetz, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.
Texas Intermediate futures soared as much as 15.5% Sunday. U.S. crude oil prices climbed 11% to $60.98 Monday.
Delta is a top-rated airline in IBD's database, helped by decent fundamentals and improving relative price strength. But is Delta stock a buy?
Delta Air Lines Inc (NYSE: DAL) has increased its stake in Hanjin KAL Corp., parent company of Korean Air Lines, to 9.21%. Delta announced in June the acquisition of a 4.3% stake in the parent company, with plans to increase that holding to 10% to thwart a local activist fund's challenge. At the end of July, Delta held a 5.13% stake in Hanjin KAL, and the U.S. carrier has acquired additional shares on the open market.
Shares of airline companies took hard hits on Monday, as a spike in oil prices sparked concerns about rising fuel costs. The stocks of all six air carrier components of the Dow Jones Transportation Average declined in premarket trading: American Airlines Group Inc. slid 4.7%, Delta Air Lines Inc. dropped 3.5%, United Airlines Holdings Inc. shed 3.6%, JetBlue Airways Corp. gave up 3.1%, Southwest Airlines Co. declined 3.1% and Alaska Air Group Inc. lost 2.3%. Crude oil futures shot up 10% after the weekend attack on Saudi Aramco's Abqaiq oil processing plant. The NYSE Arca Airline Index has lost 1.7% over the past three months, while the Dow transports has gained 4.9% and the Dow Jones Industrial Average has tacked on 4.3%.
Massive growth at Sea-tac Airport has not come without challenges for the Transportation Security Administration and its passenger screening as more than 70,000 people go through Sea-Tac security lines in a single day.
A manager at a Chicago travel agency has been charged with "illegally reaping" more than 42 million Delta Air Lines miles worth more than $1.75 million by registering customers as employees on the airline's business rewards program. The U.S. Justice Department said on Friday that Gennady Podolsky, a Ukrainian and American citizen and managing partner and travel agent at Vega International Travel Services Inc, was charged with 12 counts of wire fraud on Wednesday. Podolsky registered clients as employees on Delta's SkyBonus program, which provides rewards to businesses when their employees travel, to earn miles off the flights he booked for them, the Justice Department statement said.
The Nuveen Strategic Municipal Opportunities fund has found good opportunities in high-yield municipal debt and industrial-development revenue bonds, putting it ahead of most of its peers over the past three years
Delta Cargo, a product of Delta Air Lines (NYSE: DAL), has brought on a vice president of cargo operations and logistics. With his new title, Walpole will be responsible for leading Delta Cargo's global operations and Delta Logistics Control Center team. This is a sizable task, seeing as Delta Cargo reaches more than 310 destinations in 54 countries on six continents, carrying more than 2.2 billion cargo tons each year.
AAL stock has taken a hit on trade tensions with China and trouble with the Boeing 737 Max. But is American Airlines stock a good buy?
In August, Delta Air Lines had the lowest flight cancellation rate and the best on-time performance versus its top peers—Southwest, United, and American.
Wednesday is the 18th anniversary of the terrorist attacks on the World Trade Center and Pentagon in 2001, a day when nearly 3,000 people were killed. One lasting effect of the attack, carried out with hijacked planes, has been a revamping of the nation's transportation security paradigm. Air travel remains the transportation mode most affected by the lessons of 9/11.
With colder months approaching, there’s a route shakeup coming to Raleigh-Durham International Airport as airlines execute seasonal adjustments to their schedules – impacting services to places such as Austin, San Diego and Cancun.
With Hurricane Dorian disrupting operations, low-cost carriers Spirit Airlines (SAVE) and JetBlue (JBLU) cut unit revenue projections for the third quarter of 2019.