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Glenn Fogel, the CEO of Booking Holdings which operates Priceline, Booking.com, Agoda and KAYAK, sold big chunk of Booking Holdings shares on March 4, 20200. Besides him, Millones Peter John Jr (Executive Vice President) sold $3.2M worth of Booking shares and Goulden David Ian (CFO) sold $658,000 worth of shares. Why is this interesting? On […]
Mesa Air Group, Inc. (NASDAQ : MESA), an American airline company headquartered in Phoenix and a holding company for Mesa Airlines is reportedly under investigation over its third quarter 2019 financial results. Following is the press release from Rosen Law Firm on this matter. On August 9, 2018, Mesa conducted its initial public offering (“IPO”), […]
United Airlines (NASDAQ:UAL) a major American airline headquartered in Chicago, is taking the measures to cut the spending caused by the coronavirus lockdown. In the Letter to employees from March 27, 2020 United CEO Oscar Munoz together with President ,J. Scott Kirby talks about state of the economy, compares the situation with 9/11,promises not to […]
American Airlines Group CEO Doug Parker and Robert Isom (president of American Airlines Group and American Airlines) updated their employees and team members on coronvirus response in the letter dated March 26. They covered current state, stimulus package (bailout bill) and Besides this letter Doug Parker sent a separate video message to all employees. First […]
According to WSJ and Washington Post the major cruise ship lines are not int the $2T federal stimulus package headed for a vote tomorrow in the U.S. House. Like all epidemics, the same goes for coronavirus. One day it will fade away. But the impact it leaves on the cruise lines will take a very […]
The Republican-led Senate approved the massive bailout bill – which would be the biggest fiscal stimulus measure ever passed by Congress – by 96 votes to zero late on Wednesday, overcoming partisan negotiations and encouraging Democratic-majority House to vote for it. With one in three Americans called to stay home, schools and businesses closed across […]
In a press release from Thursday, Chinese Ministry of Foreign affairs announced the ban on the entry of foreigners due to the international spread of coronavirus. The statement from the Chinese goverment is below in entirety. “In view of the rapid spread of COVID-19 across the world, China has decided to temporarily suspend the entry […]
Department of Labour shocked (if anyone can be shocked anymore) with the report on initial job claims today. RSM US LLP Chief Economist, Joseph Brusuelas, said that these numbers (Jobless claims to 3.283 million) shows” the unemployment rate in the April employment report will increase from 3.5% to roughly 5.75%“. On a positive side, Salesforce […]
The sudden collapse of air travel industry caused by coronavirus bans and customer fears is having a severe impact on airport cash flows. One of these airports is a Reno Airport. A video of Reno-Tahoe International Airport (RNO) surfaced on Twitter showing a ghost town. According to this Southwest flight attendant the whole airport is […]
The Cheesecake Factory, an American restaurant company and distributor of cheesecakes informed their landlords that they are not going to pay their bills anymore, since they are BROKE. According to LA Eater, Cheesecake CEO David Overton wrote to landlords: “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” and […]