Global News

[ad_1] A Southwest Airlines plane takes off from Hollywood Burbank Airport in Burbank, California, July 25, 2024. Mario Tama | Getty Images Southwest Airlines and American Airlines raised their fourth-quarter forecasts on Thursday, citing strong demand and higher fares, sending shares in the carriers higher. Southwest said in a securities filing that fourth-quarter unit revenue will likely rise between 5.5% and 7% from last year, up from a previous forecast of an increase of no more than 5.5%. The airline said its network changes aimed at culling unprofitable flights are paying off and that demand into next year appears solid. "The Company is encouraged by recent revenue trends and forward bookings, including fourth quarter holiday travel, and currently expects strong revenue trends and tactical initiative performance to carry into 2025," Southwest said. Southwest also said it would complete its first sale-leaseback of aircraft in the first quarter. Read more CNBC air...

[ad_1] Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Stocks rose Friday as strong earnings results from some of the biggest banks and companies kicked off earnings season. The Dow Jones Industrial Average rose 121 points, or 0.3%. The S&P 500 ticked up about 0.1%, and the Nasdaq Composite advanced 0.2%. Wall Street is coming off its fourth consecutive day of gains, with the Nasdaq and S&P 500 reaching their highest levels since April 2022. JPMorgan Chase rose 0.3% after its second-quarter earnings topped expectations. The bank was boosted by higher interest rates and rising interest income. Wells Fargo also gained 0.5% on the back of better-than-expected results. UnitedHealth shares jumped 8% after the insurance giant reported better-than-expected earnings and revenue. The company also raised the lower end of its full-year earnings guidance. "What we've seen simple out of out of big bank earnings, especially JPMorgan, is pretty resilient,...