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Sanjana Shivdas

GE shares surge as it raises cash forecast despite earnings loss

30 Oct 2019

General Electric Co posted adjusted profits on Wednesday that beat analysts' estimates and wowed investors by promising $1 billion (£776.10 million) more cash this year than it had previously forecast, sending its shares sharply higher. | Video

Canadian airlines plan for grounded Boeing jet to fly again, travellers still leery

29 Oct 2019

Canadian airlines are making preparations for the day when Boeing's grounded 737 MAX jet can fly again, but one executive said work must be done to regain travellers' trust in the U.S.-made narrowbody involved in two deadly crashes.

Chinese travel to U.S. shrinks 4.7% in first nine months of 2019

25 Oct 2019

Oct 25 The number of Chinese travelers to the United States fell 4.7% in the first nine months of 2019 as a slowdown in the world's second biggest economy spurred both business travelers and holidaymakers to stay at home, U.S. data showed on Friday.

American, Southwest overcome 737 MAX travails with quarterly profit growth

24 Oct 2019

American Airlines Group Inc and Southwest Airlines Co posted quarterly profit increases on Thursday thanks to strong U.S. travel demand even as the two carriers pointed to a rising cost impact from the continued grounding of the Boeing 737 MAX.

UPDATE 3-American Airlines profit beats estimates even as MAX impact swells

24 Oct 2019

Oct 24 American Airlines Group Inc beat Wall Street estimates for third quarter profit on Thursday thanks to robust travel demand, even as the impact of the Boeing 737 MAX grounding continued to swell.

Southwest profit jumps 7.2% as demand, MAX cancellations push up fares

24 Oct 2019

Southwest Airlines Co reported a 7.2% rise in third-quarter profit on Thursday, driven by strong travel demand and higher fares following flight cancellations due to the grounding of its Boeing 737 MAX jets.

UPS COO's retirement eclipses e-commerce gains

22 Oct 2019

United Parcel Service Inc's e-commerce fuelled quarterly profit beat on Tuesday was overshadowed by news that Jim Barber, widely viewed as the world's biggest parcel delivery firm's next leader, would retire at year-end.

MGM to sell Bellagio, Circus Circus resorts for about $5 billion

16 Oct 2019

MGM Resorts International said on Tuesday it would sell its Bellagio and Circus Circus resorts in Las Vegas in separate deals valued at about $5 billion, as the U.S. casino operator seeks to monetize its real estate assets and bolster its balance sheet.

United lifts 2019 profit target as strong travel demand outweighs MAX crisis

15 Oct 2019

United Airlines on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX.

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