Transport & tourism news
Latest breaking stories, features and analysis
IAG says its operating loss narrowed in the first quarter
- IAG's operating loss narrows to £930 million in the first quarter.
- The airline holding company did not give guidance for fiscal 2021.
- IAG expects passenger capacity to stand at roughly 25% in Q2.
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TUI stock price plunges 15% as UK orders Spain quarantine
Shares of TUI AG (LON: TUI) have plunged 15% after the UK introduced a quarantine rule for all non-essential travel to Spain. As a result, shares tumbled below GBX300 to hit a 2-month low. Fundamental analysis: Government decision sends shock waves through travel industry On Saturday, the UK Government…
July 27, 2020
Carnival stock price plunges 7% as analyst calls it the “most ridiculously overvalued” trade
Shares of Carnival Corporation (NYSE: CCL) are trading nearly 7% down today as the buyers are unable to hold onto huge gains recorded yesterday. Separately, the stock market analyst believes that cruises are “overbought and overvalued”. Fundamental analysis: Cruises will continue to struggle – analyst Shares of cruise and…
June 9, 2020
United Airlines stock price pops despite $1.7 billion Q1 loss
Shares of United Airlines (NASDAQ:UAL) are trading modestly higher in premarket trading hours despite the biggest quarterly loss recorded since 2008. Fundamental analysis: Not as bad as expected United reported an adjusted per-share loss of $2.57 for the quarter ending March 31, compared to Wall Street expectations of a…
May 1, 2020