airplane

Delta Shares Rise on Better than Expected Q1 Earnings

Delta Shares Rise on Better than Expected Q1 Earnings

Delta Air Lines Inc. (NYSE: DAL) reported better than expected first quarter financial results boosted by higher traffic, despite rising costs of the airline. Shares were trading 2.6 percent higher midday on Thursday.The airline reported a record re..

Lufthansa Buys Stake in Air Berlin

Lufthansa Buys Stake in Air Berlin

On Thursday, Lufthansa signed a $249 million deal to buy parts of Air Berlin to use their assets and quickly expand their Eurowings budget business. Following this announcement, shares of Lufthansa jumped more than 3% marking their highest level in ..

Boeing, Bombardier, and Brexit

Boeing, Bombardier, and Brexit

The United States and the United Kingdom have locked horns over two companies: Boeing Co (NYSE: BA), the US aerospace giant and Bombardier, the former's Canadian rival and a large company by itself. The latter was bailed out of financial difficu..

Boeing to Layoff Workers at North Charleston Plant

Boeing to Layoff Workers at North Charleston Plant

Boeing Co. (NYSE: BA) announced that the North Charleston plant will be cutting its workforce. The airplane manufacturer be cutting “fewer than 200 people” at the 787 Dreamliner campus and other facilities in the city, according to ..

Good Period Ahead For Airlines

Good Period Ahead For Airlines

The market seems to be upbeat about the airlines segment and this is showing in the stock prices of major players in this sector. All the four top airlines have recorded some heartening improvements in stock prices in the recent times. The benefits ..