Tuesday is a big day for JetBlue Airways. The low-cost carrier not only reports third-quarter earnings but is due in court.
Any boost, though, may be more likely to eventually come from the trial than from its earnings, though it’s hard to be too optimistic about either. In a separate case, JetBlue was ordered to end its alliance with American Airlines in the Northeast. The company opted not to appeal the decision, essentially in a bid to save the Spirit merger. The alliance formed a key part of the government’s complaint about the proposed Spirit deal.
“We look forward to presenting our case in court as we strongly believe our combination with Spirit is the best opportunity to disrupt the industry by increasing competition and choice, creating a long overdue national low-fare challengers to the dominant Big Four airlines,” a JetBlue spokesperson said in an email.
J.P. Morgan analyst Jamie Baker has an Underweight rating on JetBlue stock but said sooner-than-expected clarity on the acquisition was an upside risk.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Earnings playbook: Your guide to trading another busy week of reports, including Apple and PfizerAbout 30% of the S&P 500 is set to report earnings this week, brining the reporting past the halfway mark.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
These stocks have earnings momentum heading into their reports this weekCNBC Pro screened for the S&P 500 companies reporting this week that analysts are most excited about—leading them to lift their earnings estimates.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
Here's how much the options market expects Apple shares to move off earningsApple reports earnings on Thursday after the bell.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
S&P 500 Forecast: Index gains on Monday as markets look ahead to Apple earnings, Treasury refundingThe S&P 500 index opened higher on Monday as the market hopes the more attractively-valued index can rally following two consecutive weeks of greater than 2% losses.
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »
Dow jumps more than 300 points ahead of Fed rate decision, earningsCertain parts of the economy have proved to be resilient, spurring concerns that the central bank could signal willingness to hold rates at their current level for longer than previously anticipate…
Sumber: nypost - 🏆 91. / 67 Baca lebih lajut »
From Amazon to McDonald's, strong earnings show U.S. consumer resilienceIn a strong quarter for earnings, the big consumer stocks have shone even brighter, thanks to results from McDonald's (MCD.N), Chipotle Mexican Grill (CMG.N) and others that rank among the biggest surprises of the reporting cycle so far.
Sumber: Reuters - 🏆 2. / 97 Baca lebih lajut »