Delta Air Lines CEO Ed Bastian expressed optimism about the Trump administration"s regulatory approach, calling it a potential "breath of fresh air." He criticized the current Department of Transportation for overreach, particularly regarding consumer protection rules and scrutiny of airline loyalty programs. Other airline executives echoed the need for stability and resources to enhance air traffic control and infrastructure, anticipating a more favorable environment for mergers under the incoming administration.
American Airlines and JetBlue Airways are exploring the possibility of reviving their partnership in the Northeastern US, despite a recent court ruling that deemed their Northeast Alliance a violation of antitrust laws. Both companies' executives expressed optimism about future collaboration following the federal appeals court decision that mandated the dismantling of their earlier agreement.
American Airlines CEO Robert Isom expressed frustration with Boeing, stating he hopes for a time when the planemaker is "not just a distraction." He noted ongoing struggles over the past five years and concerns about future aircraft deliveries, despite American's ability to meet its current capacity plans.
Stocks continued to decline, with the Dow and S&P 500 marking a third consecutive losing day. American Airlines and Southwest Airlines are set to report earnings, with American up 22% and Southwest up 13% over the past three months. In the utilities sector, Entergy and Consolidated Edison reached all-time highs, while Honeywell is next to report in a week filled with industrial earnings. Microsoft and Nvidia are also in focus, with both companies showing significant gains this year.
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