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Spirit Airlines has extended its debt deadlines and is renegotiating agreements amid financial struggles, including a halted merger with JetBlue. JetBlue's founder suggests a merger with Frontier Group would have been more suitable. Spirit has faced significant losses and operational challenges.

Portfolio Pulse from Nabaparna Bhattacharya

October 19, 2024 | 5:30 pm

United Airlines Holdings, Inc. (NASDAQ:UAL) announced its largest international expansion, adding service to eight new cities, including Bilbao, Nuuk, and Palermo. The expansion includes new nonstop flights from Newark and Washington D.C., and an increase in transatlantic flights. UAL shares rose 1.48% following the announcement.

Portfolio Pulse from Lekha Gupta

October 10, 2024 | 4:07 pm

American Airlines (AAL) is in talks to make Citigroup its exclusive credit card partner, ending its partnership with Barclays. This move aims to increase revenue from co-branded credit cards. However, regulatory objections could delay or derail the deal. AAL shares are trading slightly lower.

Portfolio Pulse from Nabaparna Bhattacharya

September 20, 2024 | 5:13 pm

Southwest Airlines (NYSE:LUV) shares are trading slightly higher premarket after reporting zero cancellations on Labor Day and strong summer performance. Elliott Investment Management, holding an 11% stake, plans to nominate new board members. Investors can also gain exposure through ETFs like JETS and AIRL.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 11:36 am

Southwest Airlines (NYSE:LUV) faces a boardroom battle as Elliott Investment Management, holding an 11% stake, nominates ten independent candidates for the Board of Directors. Elliott criticizes the current Board for poor performance and lack of accountability. Southwest plans to discuss a collaborative resolution and will provide a comprehensive business plan during its Investor Day in late September. LUV shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

August 14, 2024 | 3:16 pm

American Airlines Group Inc. (NASDAQ:AAL) shares are trading lower after the company lowered its second-quarter adjusted EPS guidance and analysts cut the price target. The company also announced the departure of its Chief Commercial Officer. Analysts from BofA Securities, Seaport Research Partners, and Jefferies have downgraded the stock and lowered their price targets. Investors can gain exposure to the stock via U.S. Global Jets ETF (NYSE:JETS) and Themes Airlines ETF (NASDAQ:AIRL).

Portfolio Pulse from Lekha Gupta

May 29, 2024 | 7:30 pm

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