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Here Are The Stocks With The Highest Short Interest Rate This Week 4/29
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Where Can You Fly Right Now? India’s Outbreak Stalls Global Travel Rebound
Bloomberg 2 hrs ago Layan Odeh and Siddharth Philip
(Bloomberg) The ferocious surge in new coronavirus cases that has turned India into the global pandemic hotspot has also reversed one of the airline industry’s biggest travel comebacks.
Carriers in India had reached 87% of their pre-pandemic seat capacity through early April, based on a Bloomberg analysis of data from flight tracker OAG. That progress has now unraveled as the surge in infections led to a pullback in domestic flights, which make up the vast majority of the market.
By ANGUS WHITLEY | Bloomberg | Published: April 28, 2021 Business class was that silent and spacious sanctuary for the well-heeled, at least until the pandemic destroyed global aviation. But as flights creep back, this once-exclusive haven is being invaded, by the masses. Flush with cash and a record number of air miles after a year on the ground, leisure travelers are splurging on premium seats for their first trips back. They’re not just after the plated food, champagne and little cosmetics that typically come with the higher fares. Rather, they’re trying to minimize the risk of catching COVID in the cheek-to-cheek jostle of coach.
Why American And Delta Airlines Look Clear For Takeoff
American Airlines Group Inc (NASDAQ:AAL) and Delta Airlines Inc (NYSE:DAL) look back on track to continue their ascent towards pre-pandemic price levels.
On April 22 American Airlines reported an EPS decrease of 63% over the past year to ($4.32), which missed the Street estimate of ($4.30). The company reported revenues of $4 billion, a decrease of 52.93% year over year.
Delta Airlines released its earnings on April 15 and showed similar losses. Delta EPS decreased 596% year-over-year to ($3.55), which missed the Street estimate of ($3.13) and revenues of $4.15 billion, a decline of almost 52% year-over-year.
The markets are forward-looking and, with the COVID-19 vaccine rollout ramping up, a travel boom could be on the horizon which could help elevate American Airlines and Delta Airlines.
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