LUV Jan 2025 17.500 put
| Previous close | 0.2100 |
| Open | 0.2300 |
| Bid | 0.0500 |
| Ask | 0.2600 |
| Strike | 17.50 |
| Expiry date | 2025-01-17 |
| Day's range | 0.2300 - 0.2300 |
| Contract range | N/A |
| Volume | |
| Open interest | 4.46k |
- Yahoo Finance Video
This ‘unappreciated asset’ is positioning Delta for success
Travel demand is projected to hit a record high this summer based on earnings forecasts. However, the ongoing issues facing Boeing (BA) are preventing airlines from accessing new planes, stunting growth amid high demand. Peter McNally, Third Bridge Global's head of industrials, materials, and energy sector, and George Ferguson, Bloomberg Intelligence senior aerospace defense and airlines industry analyst, join Market Domination to discuss the state of the airline industry as the summer travel season heats up. "Capacity is growing; it's just not growing as fast as the airlines hope. And you've got companies like United (UAL) who've got very ambitious targets out to 2026 that they've had to temper that a bit... It doesn't seem like Boeing's problems are going to be sorted anytime soon, and it's not like Airbus (AIR.PA) can go any faster than they already are," McNally explains. Ferguson states that the record travel is due to airlines putting up record schedules, adding, "Thank God they can't get all those airplanes because they crushed margins even more." McNally points to labor costs making airlines less profitable than they were pre-pandemic and believes that Delta Air Lines (DAL) is among those handling the issue best: "The unappreciated asset that Delta has is their tech ops business that allows them to do their own maintenance, repair, and overhaul." Ferguson adds that retirements in the industry will peak in 2026 and 2027, which could cause a pilot shortage. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written and updated by Melanie Riehl
Associated Press FinanceA Southwest Airlines plane that did a 'Dutch roll' suffered structural damage, investigators say
A Boeing 737 Max suffered damage to parts of the plane's structure after it went into a “Dutch roll” during a Southwest Airlines flight last month, U.S. investigators said Friday. The incident happened as the jet cruised at 34,000 feet from Phoenix to Oakland, California, on May 25, but Southwest did not notify the National Transportation Safety Board about the roll or damage to the jetliner until June 7, the NTSB said. “Following the event, SWA performed maintenance on the airplane and discovered damage to structural components,” the safety board said.
ReutersUS NTSB investigating 'Dutch roll' by Southwest Boeing 737 MAX
The U.S. National Transportation Safety Board said on Friday it is investigating why a Boeing 737 MAX operated by Southwest Airlines rolled during a flight last month. The NTSB said the plane experienced what the crew said was a "Dutch roll" at 34,000 feet while en route from Phoenix, Arizona to Oakland, California on May 25. In a subsequent inspection, Southwest found damage to structural components, the NTSB said.
