Core Insights - Eight new stocks were listed last week, including one direct listing company, raising significant capital across various sectors [1][2][3]. Group 1: Recent IPOs - MapLight Therapeutics (MPLT) raised $251 million by issuing 14.75 million shares at $17 each [1]. - Navan (NAVN) raised $923 million by issuing 36.92 million shares at $25 each [1]. - Boyd Group Services (BGSI) raised $780 million by issuing 5.5 million shares at $141 each [2]. - Nomadar (NOMA) entered Nasdaq through a direct listing [3]. Group 2: Upcoming IPOs - BETA Technologies, Inc. plans to list on NYSE with a target date of November 4, 2025, aiming to raise approximately $825 million by issuing 25 million shares at $27 to $33 each. The company reported revenue of $15.57 million in the first half of 2025, up from $7.59 million in the same period last year, with a net loss of $159 million [4][6]. - Exzeo Group, Inc. plans to list on NYSE on November 5, 2025, aiming to raise about $176 million by issuing 8 million shares at $20 to $22 each. The company reported revenue of $109 million in the first half of 2025, up from $60.31 million year-over-year, with a net profit of $39.61 million [6][8]. - Evommune, Inc. plans to list on NYSE on November 6, 2025, aiming to raise approximately $159 million by issuing 9.38 million shares at $15 to $17 each. The company reported revenue of $3 million in the first half of 2025, down from $7 million year-over-year, with a net loss of $28.12 million [10]. - Grupo Aeroméxico, S.A.B. de C.V. plans to list on NYSE on November 6, 2025, aiming to raise about $235 million by issuing 11.73 million shares at $18 to $20 each. The company reported revenue of $2.498 billion in the first half of 2025, down from $2.695 billion year-over-year, with a net profit of $89.97 million [12]. - BillionToOne, Inc. plans to list on NASDAQ on November 6, 2025, aiming to raise approximately $212 million by issuing 3.85 million shares at $49 to $55 each. The company reported revenue of $126 million in the first half of 2025, up from $69.09 million year-over-year, with a net loss of $4.23 million [14]. - Off The Hook YS Inc. plans to list on NYSE MKT on November 7, 2025, aiming to raise about $30 million by issuing 5 million shares at $4 to $6 each. The company reported revenue of $58.59 million in the first half of 2025, up from $51.85 million year-over-year, with a net profit of $840,000 [16].

Passenger Growth - Ryanair expects to exceed its full-year passenger growth target [1] - Strong travel demand contributes to exceeding passenger growth target [1] Aircraft Delivery - Boeing's early aircraft delivery supports Ryanair's growth [1]

Core Insights - China Eastern Airlines (CEA) has officially implemented its 2025 winter-spring flight schedule starting from October 26 [1] Company Overview - CEA will operate with a fleet of 820 aircraft [1] - The airline will cover 39 countries and 253 domestic and international destinations, including 88 overseas destinations [1] Operational Details - CEA plans to run approximately 3,130 flights per day [1] - The average number of international and regional flights per week is projected to be 3,220 [1] Seasonal Context - The new flight schedule coincides with the Southern Hemisphere's midsummer, particularly affecting destinations like New Zealand and Australia [1]

AirAsia is poised to sign a deal with Bahrain to set up a Middle East hub in the Gulf country, according to sources, strengthening the airline’s international presence https://t.co/ScRqqBghfW ...

Core Points - A United Airlines flight (Flight 580) collided with another United plane (Flight 434) while taxiing at LaGuardia Airport, resulting in damage to the tail of Flight 434 [1][2] - Both aircraft returned to the gate without any reported injuries, and United Airlines worked to re-accommodate passengers [5] - The incident occurred amid broader disruptions at major airports due to air traffic controller staffing shortages linked to the ongoing government shutdown [8] Company Summary - United Flight 580, a Boeing 737 from Chicago, had 166 passengers and 8 crew members on board when it struck a stationary United Flight 434, which was preparing to depart for Houston with 162 passengers and 7 crew members [1][2] - The Federal Aviation Administration (FAA) clarified that air traffic control is not responsible for movements in the gate area, which remains under the airline's responsibility [9][11] - An investigation into the incident will be conducted by the FAA [12] Industry Summary - The incident highlights ongoing challenges in the aviation industry, particularly related to air traffic controller staffing shortages that have led to significant flight delays, with reported delays increasing from 5% to 53% during the government shutdown [6][8] - The collision underscores the importance of effective ground operations management within airlines, especially during periods of heightened operational stress [8]

Core Viewpoint - Major U.S. airlines are actively supporting air traffic controllers and federal employees who are working without pay due to the ongoing government shutdown, which began on October 1 and has continued for weeks without resolution [1]. Group 1: Airline Responses - American Airlines is committed to supporting federal workers by providing meals at airports nationwide [3][7]. - Southwest Airlines is working to minimize flight disruptions, acknowledging that air traffic control is ultimately managed by the FAA, and they will adjust flight schedules if staffing issues arise [9]. - Alaska Airlines referred to a statement from Airlines for America urging lawmakers to pass a resolution to reopen the government, highlighting the stress on federal employees due to missed paychecks [10][11]. - United Airlines is also donating meals to federal workers, including air traffic controllers, during the shutdown [13]. - Delta Air Lines and JetBlue are providing meals to transportation sector workers as a gesture of support [15]. Group 2: Impact on Air Traffic Control - Approximately 13,000 air traffic controllers and 50,000 TSA officers are considered essential and must continue working without pay during the shutdown [1]. - Airlines for America warned that the stress on federal employees could lead to a slowdown in operations, potentially causing delays in air travel [11][13].

Core Points - The U.S. National Transportation Safety Board (NTSB) is investigating a close call incident involving a Southwest Airlines jet and a medical helicopter that occurred on October 29 near Cleveland [1] Group 1 - The NTSB has dispatched a team to conduct an investigation into the incident [1]

Core Points - Air Canada's Aeroplan program will resume its normal points expiration policy on November 30, 2025, after a suspension lasting several years [1][6] - Points will expire if there is no qualifying account activity for 18 months, which includes earning, redeeming, donating, transferring, or converting points [2] Summary of Relevant Sections - **Points Expiration Policy**: The Aeroplan program's points will expire if there has been no qualifying activity for 18 months, with various actions resetting the expiration clock [2] - **Ways to Prevent Points Expiration**: To keep Aeroplan points active, members can conduct transactions that earn or redeem at least 1 Aeroplan point. Options include transferring points from partners, flying with Air Canada or partner airlines, booking hotels or car rentals, shopping through Air Canada's portal, redeeming points, donating points, or transferring points to another member [3][4][5] - **Transfer Options**: American Express Membership Rewards and Chase Ultimate Rewards points can be transferred to Aeroplan at a 1:1 ratio, allowing members to maintain account activity by transferring a minimum of 1,000 points [5]

Core Points - Cebu Pacific has received its 13th Airbus A330neo aircraft, which is the third of four A330neos scheduled for delivery this year [1] - The airline aims to enhance regional connectivity and serve more passengers while maintaining low operational costs [2] - The A330neo will be deployed on additional domestic routes, including four weekly flights between Manila and Puerto Princesa, and daily flights between Manila and Bohol starting November 16 [3] - The aircraft is expected to provide operational flexibility for regional and long-haul routes, optimizing cost efficiency [3] - Shares of Cebu Air Inc., the operator of Cebu Pacific, fell by 90 centavos to P29.30 per share [4]

Core Insights - The Indian stock markets are expected to be influenced by quarterly earnings, macroeconomic data announcements, and global trends during a holiday-shortened week [1][3] Macroeconomic Data - Key macroeconomic indicators to be released include the final readings of the HSBC manufacturing PMI, as well as the HSBC services and composite PMI data, which will provide insights into domestic growth momentum [3][5] Corporate Earnings - Major companies set to announce their quarterly results include Bharti Airtel, Titan Company, Adani Enterprises, Adani Ports, InterGlobe Aviation, Mahindra & Mahindra, State Bank of India, Lupin, Bajaj Auto, and Hindalco [4][7] - The ongoing corporate earnings season has shown mixed results so far, which will be closely monitored by the market [7] Foreign Investment Activity - Foreign investors have turned net buyers with a net infusion of ₹14,610 crore in October after three months of withdrawals, indicating a potential shift in market sentiment [5][6] Market Trends - The BSE benchmark dropped by 273.17 points (0.32%) and the NSE Nifty dipped by 73.05 points (0.28%) last week, reflecting profit-booking by investors after a sustained rally [6][7] - Movements in the Indian rupee against the dollar will also significantly impact investor sentiment and sectoral trends [6]