Rebound of Airline Stocks

The airline industry contributes greatly to countries’ employment while bridging continents for global trade & travel, faces its greatest crisis as the coronavirus outbreak wiped out business and customer plans with governmental-level restrictions on free travel which have only begun easing with the most recent steps toward normalization. However many investors are starting to regain confidence inContinue reading “Rebound of Airline Stocks”

Scotiabank Boosts Air Canada Price Target

Scotiabank analyst boosted Air Canada’s (TSX: AC) price target from $25 to $26 on June 2, 2020. Air Canada provides airline transportation services. It engages in full-service airline, scheduled passenger and cargo services, serving more than two hundred airports on six continents. It operates flights in Canada, the USA, Latin America, Europe, Australia and Asia.Continue reading “Scotiabank Boosts Air Canada Price Target”

Air Canada Announces Closing of Offering of Shares and Convertible Senior Notes, Raising Gross Proceeds of Nearly C$1.6B

Air Canada closed previously announced underwritten marketed public offering of 35,420,000 Class A Variable Voting Shares and/or Class B Voting Shares of the Company at a price to the public of C$16.25 per Share, for aggregate gross proceeds of C$575,575,000. Air Canada (TSX: AC) (the “Company”) today announced the closing of its previously announced underwritten marketed public offering ofContinue reading “Air Canada Announces Closing of Offering of Shares and Convertible Senior Notes, Raising Gross Proceeds of Nearly C$1.6B”

Global Low Cost Airlines Market to Reach $207.81Billion by 2023

Economic growth in emerging regions, development of the global travel & tourism industry, and urbanization coupled with population drive the growth of the global low cost airlines market. Europe contributed the highest share in 2016, and will maintain its dominance by 2023.According to the International Air Transport Association, there is decline in the revenue ofContinue reading “Global Low Cost Airlines Market to Reach $207.81Billion by 2023”

Air Canada Announces Public Offering of Shares and Convertible Senior Notes

Air Canada (TSX:AC) today announced that it has commenced a marketed public offering of Class A Variable Voting Shares and/or Class B Voting Shares of the Company for gross proceeds of approximately C$500 million and a concurrent marketed private placement of convertible senior unsecured notes for gross proceeds of approximately US$400 million. The Share Offering will be pricedContinue reading “Air Canada Announces Public Offering of Shares and Convertible Senior Notes”

Southwest Airlines (NYSE: LUV) says new bookings now outpacing cancellations

CNBC reported Tuesday that new bookings are outpacing cancellations, a turning point in the pandemic that has devastated air travel demand. Southwest says demand starting to return after plunging because of the pandemic. The low-cost airline says new bookings are now outpacing cancellations. The coronavirus has devastated air travel demand, pushing the number of travelersContinue reading “Southwest Airlines (NYSE: LUV) says new bookings now outpacing cancellations”

Delta Air (NYSE: DAL) to Resume Flying Major Routes in June

The major airline carrier Delta Air to add roughly 100 more daily flights in June versus May. Fox news reported, Delta Air Lines (DAL.N) said on Monday it would resume flying several major routes in June that were suspended due to the coronavirus pandemic, including some Trans-Atlantic and Caribbean destinations. The U.S. Transportation Security Administration (TSA) screenedContinue reading “Delta Air (NYSE: DAL) to Resume Flying Major Routes in June”

Airlines for America (A4A) Warns Aviation Investors

Even after grounding more than 3,000 aircraft, or nearly 50% of their active fleets, U.S. airlines are averaging just 17 passengers per domestic flight and 29 passengers per international flight. The industry is “burning more than $10B in cash a month,” trade group Airlines for America warned in prepared testimony ahead of today’s Senate hearingContinue reading “Airlines for America (A4A) Warns Aviation Investors”