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Bloomberg· 2025-11-27 09:08
Venezuela has revoked the operating licenses for several carriers that paused flights to the South American nation following a security warning from the US Federal Aviation Administration https://t.co/FJa7sXMpv2 ...
Wall Street ends higher on growing bets for December Fed rate cut
The Economic Times· 2025-11-27 02:05
Market Overview - All three major U.S. stock indexes achieved their fourth consecutive daily gains, driven by optimism from Nvidia's strong quarterly results and positive forward guidance from Dell Technologies [1][9] - Wall Street has shifted its expectations towards a potential interest rate cut by the Federal Reserve in December, which is seen as a significant factor influencing market performance [2][9] Economic Indicators - A Reuters poll indicates analysts expect the S&P 500 to rise by 12% by year-end 2026, supported by a robust economy and continued strength in the tech sector [2][9] - The Fed's Beige Book had minimal impact on rate cut expectations, with markets pricing in an 84.9% probability of a 25-basis-point reduction in the Fed funds target rate at the December meeting [5][10] Sector Performance - The S&P 1500 Airlines index rose by 3.0%, reflecting strong performance on a traditionally busy travel day [5][10] - Among the S&P 500 sectors, utilities led in percentage gains, while communication services experienced the largest decline [7][10] Company-Specific Developments - Dell Technologies saw a 5.8% increase in stock price following better-than-expected earnings and an optimistic forecast [7][10] - Workday's stock fell by 7.9% after reporting third-quarter subscription revenue that met estimates, while Deere's shares dropped by 5.7% due to a weaker-than-expected annual profit forecast impacted by tariffs [7][10] Market Breadth - Advancing issues outnumbered decliners by a ratio of 3.37-to-1 on the NYSE, with 290 new highs and 29 new lows recorded [8][10] - On the Nasdaq, 3,183 stocks advanced compared to 1,492 that declined, resulting in a 2.13-to-1 ratio of advancing to declining issues [8][10]
Aeroplan Black Friday Promo: Get a Share of 75 Million Points
UpgradedPoints.com· 2025-11-26 18:32
Core Points - Air Canada has relaunched its Aeroplan program's annual promotion, allowing participants to earn a share of a prize pool of 75 million Aeroplan points [1][8] - Participants must register for the promotion and book flights by November 30, 2025, with travel occurring between December 3, 2025, and May 31, 2026 [1][4] Promotion Details - Every participant is guaranteed a minimum of 1,000 bonus Aeroplan points, credited up to 6 weeks after travel completion [2] - The total of 75 million Aeroplan points will be divided equally among all eligible participants who register and make a new booking during the promotion period [3] - The promotion is valid from November 25, 2025, at 8:00 p.m. ET to November 30, 2025, ending at 11:59 p.m. PT [4] Travel Requirements - Travel must occur between December 3, 2025, and May 31, 2026, with specific blackout dates outlined [4] - To qualify, participants must complete at least one round-trip or two one-way trips [4][9] Additional Opportunities - The Chase Aeroplan® Credit Card offers a welcome bonus of 75,000 points after spending $4,000 in the first 3 months, valued at approximately $1,500 [7] - Participants are encouraged to explore various ways to redeem Aeroplan points for maximum value [6]
Pittsburgh International Airport CEO expects no scarring effect from shutdown on Thanksgiving travel
CNBC Television· 2025-11-26 17:36
Exactly two weeks since the longest government shutdown in history ended and US airports are facing yet another stress test. This expected record number of Thanksgiving air travelers. Lobbying group Airlines for America projecting that number could reach more than 31 million people in the air between last Friday and this coming Monday, December 1st.Joining us this morning is Pittsburgh International Airport CEO Christina Cassotus. Christina, thanks for the time. Great to talk to you. >> Thank you.Thanks for ...
Allegiant's October 2025 Traffic Numbers Improve Year Over Year
ZACKS· 2025-11-26 17:26
Allegiant Travel Company Performance - Allegiant Travel Company reported a 25.8% increase in scheduled traffic (measured in revenue passenger miles) for October 2025 compared to October 2024 [1] - Capacity for scheduled service rose by 20.6% year over year, leading to an improved load factor of 81.9%, up from 78.5% a year ago [1][10] - Total departures for scheduled services increased by 21.6% in October 2025 compared to the previous year [2] - The total system carried 27.6% more passengers in October 2025 than the same month last year, with system-wide capacity improving by 20.2% [2][10] - The estimated fuel price per gallon in October 2025 was $2.61 [2] Competitor Performance - Copa Holdings reported a year-over-year increase in revenue passenger miles, with a 9.6% rise in available seat miles, but the load factor decreased slightly to 87.2% [5][6] - LATAM Airlines experienced a 7.4% increase in consolidated capacity and a 7.2% rise in consolidated traffic, although the load factor fell to 85.5% [8][9] - Ryanair transported 19.2 million passengers in October 2025, reflecting a 5% year-over-year increase, with a stable load factor of 93% [12][13]
Softer-Than-Expected Initial Claims
ZACKS· 2025-11-26 17:21
Economic Indicators - Pre-market futures are showing positive movement, with major indices like the Dow, S&P 500, and Nasdaq all up, indicating a strong trading day [1] - Weekly Jobless Claims reported at 216K, below expectations of 225K, suggesting a resilient job market [4] - Durable Goods Orders increased by 0.5%, aligning with expectations, while non-defense, ex-aircraft durable goods orders rose by 0.9%, indicating potential growth in business spending [6] Company Performance - Deere & Co. reported fiscal Q4 results, missing earnings estimates by 3 cents at $3.93 per share, marking the first earnings miss in three years, although revenues exceeded expectations by 5.92% at $10.58 billion [7] - Shares of Deere & Co. are trading down 3.5% following the earnings report, despite a year-to-date gain of 17.6% [7] Consumer Behavior - An estimated 31 million people are expected to travel for Thanksgiving, indicating strong consumer spending on travel despite the performance of major airlines [8]
Market Participants Thankful Ahead of the Open
ZACKS· 2025-11-26 16:45
Economic Indicators - Pre-market futures are positive, with major indices showing gains: Dow +77 points, S&P 500 +18, Nasdaq +107 points, and Russell 2000 flat after a +2% increase the previous day [1] - Weekly Jobless Claims reported at 216K, below expectations of 225K, indicating a resilient job market [4][3] - Continuing Claims total 1.960 million, slightly up from the previous week's revised figure, suggesting stability in longer-term jobless claims [4][5] - Durable Goods Orders increased by 0.5%, aligning with expectations, while orders excluding transportation rose by 0.6% [6] Company Performance - Deere & Co. reported fiscal Q4 results, missing earnings estimates by 3 cents at $3.93 per share, marking the first earnings miss in three years, although revenues exceeded expectations by 5.92% at $10.58 billion [8] - Shares of Deere are trading down 3.5% following the earnings report, despite a year-to-date gain of 17.6% [8] Consumer Behavior - An estimated 31 million people are expected to travel for Thanksgiving, indicating strong consumer spending on travel despite the economic climate [9]
U.S. to see record high travelers on Thanksgiving week
CNBC Television· 2025-11-26 16:01
You know, for some airlines, Thanksgiving week could be the most profitable week of the year for them. Certainly among the most profitable. They need a strong week of travel.And it's off to a relatively smooth start. Yes, there's some weather moving into the upper Midwest, but we had a record number of flights for this week that are going to be taking off or did take off yesterday. Going to be close to that on Sunday.Yesterday and Sunday, those are the two busiest days. By the way, capacity, it has rebounde ...
Does SkyWest (SKYW) Have the Potential to Rally 34.49% as Wall Street Analysts Expect?
ZACKS· 2025-11-26 15:56
Core Viewpoint - SkyWest (SKYW) shares have shown a modest increase of 0.7% over the past month, closing at $99.34, with analysts suggesting a potential upside of 34.5% based on a mean price target of $133.6 [1] Price Targets - The average price target from analysts ranges from a low of $126.00 to a high of $150.00, with a standard deviation of $9.42, indicating a potential increase of 26.8% to 51% from the current price [2] - A low standard deviation suggests a strong agreement among analysts regarding the price targets, which can be a useful indicator for further research [2][9] Analyst Sentiment - Analysts have shown increasing optimism regarding SkyWest's earnings prospects, with a consensus indicating better-than-expected earnings revisions [4][11] - The Zacks Consensus Estimate for the current year has risen by 3.9% over the past month, with three estimates increasing and no negative revisions [12] Zacks Rank - SkyWest holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which supports the stock's potential upside [13] Conclusion on Price Targets - While the consensus price target may not be a definitive indicator of the stock's potential gain, it does provide a directional guide for price movement [14]
US Airlines Brace for Busiest Thanksgiving Travel Period
Bloomberg Television· 2025-11-26 15:42
So, buddy, it'll be the first real test of the systems, the aerospace systems. And I guess, you know, the shortage of air traffic controllers and whether there is still a shortage since the shutdown. How are we looking.So it will be a big test really for everyone involved, from politicians to the travelling public and their patients and also the system itself. The US aviation system has been under considerable strain, particularly in the last couple of weeks. We had the government shut down.That meant that ...