15.82 -0.01 (-0.06%)
After hours: 4:49PM EDT
|Bid||15.77 x 1200|
|Ask||18.00 x 800|
|Day's Range||15.69 - 16.13|
|52 Week Range||4.43 - 16.60|
|Beta (3Y Monthly)||-2.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Three more foreign airlines are in talks with the Brazilian government to start domestic flight operations in the country, Brazil's infrastructure minister Tarcisio Gomes de Freitas told reporters on Monday. Brazil's Senate passed legislation on May 22 that would permanently open up Latin America's largest air travel market after years of debate. The measure still needs to be signed by Brazil's President Jair Bolsonaro.
Nike Inc is "very concerned" about a rape accusation against Brazilian soccer star Neymar, the world's largest sportswear maker said on Thursday, raising questions about its sponsorship of one of the sport's most famous players. Nike issued a statement a day after a woman said in an interview with Brazilian SBT TV that Neymar had raped her in a Paris hotel last month. Neymar denied the allegation in an Instagram post and has said the woman was trying to extort him.
Spirit Airlines' (SAVE) focus on extending its network raises optimism on the stock and should boost its top line going forward.
On Wednesday, Mexican officials will seek to persuade the White House in talks hosted by U.S. Vice President Mike Pence that their government has done enough to stem immigration and avoid looming tariffs. "We think today's meeting with Pence and (Secretary of State Mike) Pompeo will go well, but probably not enough for a deal to stop the tariffs now," said analysts at Citigroup Research in a note. The tariffs are set to take effect on June 10 at an initial 5 percent and rise as high as 25 percent later in the year.
United Airlines, like American Airlines (AAL) and Southwest Airlines (LUV), extends the grounding tenure of Boeing 737 Max jets in fleet.
LATAM Airlines' (LTM) disappointing performance can be attributed to multiple factors including the devaluation of local currencies.
A look at the shareholders of Golab Spólka Akcyjna (WSE:GOL) can tell us which group is most powerful. Insiders often...
A Latin American stocks benchmark rose on Monday, boosted by shares in index heavyweight Brazil, while Latin American currencies were pressured by the dollar, with risk appetite capped by fears of worsening ...
Brazilian airline Azul SA on Monday made a new attempt to purchase some of bankrupt airline Avianca Brasil's most coveted routes, offering $145 million and reversing a decision not to participate. Avianca Brasil filed for bankruptcy protection in December, setting off a fierce battle for its airport slots, the rights to land and depart in crowded airports, which were expected to be sold at a bankruptcy auction that was suspended indefinitely. On Monday afternoon, Avianca Brasil's pilots and aircraft crew said through their union that they would hold an indefinite general strike on Friday, citing recurring delays in payroll.
Increase in April load factor at the likes of Delta Air Lines (DAL) and SkyWest (SKYW) bode well for the airline industry.
Strong demand for air travel might aid Azul's (AZUL) top line in first-quarter 2019. However, unfavorable foreign currency movements may hurt results.
Brazil's largest airline Gol Linhas Aereas Inteligentes cut its earnings forecasts for 2019 and 2020 on Tuesday after posting a net loss of 32.3 million reais ($8.2 million) in the first quarter. The airline has posted significant losses in recent quarters but had told investors that the next two years would represent a turnaround for the business, supported largely by Boeing's troubled 737 MAX planes. Much like Southwest in the United States, Gol exclusively flies Boeing 737 planes, a strategy meant to reduce operating costs, and had bet its future on the new generation MAX.
Spirit Airlines' (SAVE) revenues improve year over year in the first quarter of 2019, courtesy of solid passenger revenues.
American Airlines (AAL) and Southwest Airlines (LUV) extend the grounding tenure of Boeing 737 Max jets in their fleet. We expect other carriers with such jets to follow suit.
Creditors led by hedge fund Elliott Management approved on Friday a restructuring plan for bankrupt airline Avianca Brasil, hours after the country's antitrust regulator announced preemptively that the plan could run afoul of competition laws. The regulator, known as CADE, said on Friday morning that it could block the plan, which Avianca Brasil hopes could raise some $210 million. CADE's warning means the creditor approval may not bring short term relief to Avianca Brasil given that the regulator itself said its review of the deal could last some eight months.
A new plan by cash-strapped carrier Avianca Brasil to sell its most coveted airport slots to Brazil's two largest airlines will draw intense antitrust scrutiny, which may delay or derail a pressing cash injection. Antitrust regulator CADE said on Friday that it could block the plan, which Avianca Brasil hopes could raise some $210 million later this month. Under the plan, Gol Linhas Aereas Inteligentes SA and LATAM Airlines Group would buy Avianca Brasil's airport rights, known as slots, in three high-traffic terminals in Sao Paulo and Rio de Janeiro.