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Southwest Airlines posts biggest-ever loss as coronavirus slams demand
on October 22, 2020 at 4:39 pm
Despite its biggest loss ever, Southwest Airlines was able to cut its cash burn.
Stocks making the biggest movers midday: Las Vegas Sands, Southwest, GM, Discover & more
on October 22, 2020 at 4:26 pm
Take a look at the stocks making the biggest moves midday.
Southwest CEO: It may be 10 years before business travel returns so we're focusing on leisure fliers
on October 22, 2020 at 4:20 pm
"I do think there is a need for business people to travel and I think that that will get back to 'normal' at some point. I'll bet you it's a long time from now," Southwest CEO Gary Kelly told CNBC.
Airlines experiment with new routes in 'game of musical chairs' to stem billions in pandemic losses
on October 22, 2020 at 3:45 pm
Airlines are reshaping their networks to capitalize on once-congested airports quieted by the pandemic.
Warner Bros. says 'Tenet' wasn't a 'home run,' 'not optimistic' about movie theaters rebounding
on October 22, 2020 at 3:25 pm
The coronavirus pandemic has not been easy to navigate for studios or movie theaters. On Thursday, AT&T chief John Stankey said he foresees a "choppy" recovery ahead for the film industry, one that might force WarnerMedia to devise new ways of releasing its content.
Kevin O'Leary says give stimulus to the people who need it, not 'zombie companies'
on October 22, 2020 at 3:14 pm
"Let them go bankrupt," O'Leary said of airlines, whose industry is expected to burn $77 billion in cash in the second half of 2020.
American Airlines reports $2.4 billion net loss in third quarter, cuts cash burn
on October 22, 2020 at 2:54 pm
American Airlines posted another quarterly loss as coronavirus hit summer travel demand.
Why Tesla's 20-million electric vehicle goal could next take Elon Musk to India
on October 22, 2020 at 2:34 pm
As Tesla ramps electric vehicle production in China and constructs a new auto factory in Germany, Elon Musk envisions 20-million EVs from the company. Getting there could mean going to India next.
Hamptons real estate prices break records as New York City wealthy flee to the beach
on October 22, 2020 at 2:33 pm
The average sales price in the Hamptons soared 46% in the quarter to just over $2 million, according to a report from Douglas Elliman and Miller Samuel.
Coca-Cola earnings top estimates, despite 9% decline in revenue
on October 22, 2020 at 2:30 pm
Coca-Cola reported a 6% decline in organic sales for its third quarter.