JetBlue (JBLU) and Southwest Airlines (LUV) edged lower on Friday after BofA Global Research downgraded both stocks to ‘Underperform’ from ‘Neutral’. According to TheFly, the BofA analyst said both airlines trade at the high end of historical valuation ranges despite less exposure to "the strongest industry trends.
JetBlue and Southwest Airlines are ringing in the new year with limited-time sales on winter and spring flights. JetBlue's Big Winter Sale kicks off Tuesday, January 7. It features one-way fares as low as $49 and vacation packages from just $128.
Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network carriers will continue to outperform low-cost airlines due to demand for premium travel.
The Transportation Department also announced $650,000 in civil penalties against Frontier Airlines on Wednesday, citing chronically delayed flights. $325,000 will be paid to the U.S. Treasury while the remainder can be suspended if Frontier does not operate more chronically delayed flights in the next three years.
The DOT filed a lawsuit against Southwest Airlines, citing a pattern of chronic delays, as the government pushes for stricter accountability.
The DOT's moves come weeks after issuing a multi-million dollar fine against JetBlue.
Southwest Airlines stock fell Thursday after the Department of Transportation sued the airline over a pair of "chronically delayed flights."
Air New Zealand, which flies one of the longest regularly scheduled routes on the entire planet, took the top award, handed out by AirlineRatings.com. The Kiwi carrier serves Auckland, New Zealand’s largest city, from New York’s JFK Airport — a distance of 8,828 miles. The trip takes 16 hours and 15 minutes.
The Biden administration on Wednesday sued Southwest Airlines, accusing the carrier ... This month, USDOT imposed a $2 million penalty on JetBlue Airways for operating four chronically delayed ...
The US Department of Transportation (USDOT) is suing Southwest Airlines for “illegally operating multiple chronically delayed flights and disrupting passengers’ travel,” according to a press release.
Airline stocks were mixed on Friday after Bank of America upgraded American Airlines Group Inc. and downgraded Southwest Airlines Co. and JetBlue Airways Corp., predicting that the network ...
The Transportation Department is stepping up enforcement of persistent flight delays with a civil lawsuit against Southwest Airlines and a fine against Frontier Airlines.