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   Non-TechAirline Discussion Board

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From: Moonray11/26/2021 1:10:43 PM
   of 1819
Travel doors slam shut as new Covid variant triggers alarm

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To: Sam who wrote (1670)11/26/2021 4:19:24 PM
From: Moonray
2 Recommendations   of 1819
Robust post-thanksgiving air travel WAS supposed to have been a good thing:

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From: Sam11/30/2021 7:44:26 AM
2 Recommendations   of 1819
BUZZ-Moderna CEO warns COVID-19 vaccines may be less effective against new variant
** Alaska Air Group Inc: down 2.6% premarket
** American Airlines Group Inc: down 2.5% premarket
** Southwest Airlines Co: down 2.3% premarket
** Delta Air Lines Inc: down 2.7% premarket
** United Airlines Holdings Inc: down 2.9% premarket
** Spirit Airlines Inc: down 3.1% premarket
** JetBlue Airways Corporation: down 2.7% premarket
** The Boeing Company: down 2.3% premarket
** Company's Name: down 2.6% premarket
** Royal Caribbean Cruises Ltd: down 2.5% premarket
** Carnival Corporation: down 3.2% premarket
** TripAdvisor Inc: down 3.0% premarket
** Expedia Group Inc: down 3.2% premarket
** Booking Holdings Inc: down 1.6% premarket
** Marriott International Inc: down 2.5% premarket
** Hilton Worldwide Holdings Inc: down 2.3% premarket
** Hyatt Hotels Corporation: down 1.8% premarket
** Melco Resorts & Entertainment Limited: down 1.2% premarket
** Wynn Resorts Limited: down 2.1% premarket
** MGM Resorts International: down 2.7% premarket
** Las Vegas Sands Corp: down 2.4% premarket

BUZZ-Travel stocks tumble again as COVID-19 fears resurface

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From: Moonray11/30/2021 3:14:06 PM
   of 1819


Daily Weekly

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From: Sam12/3/2021 6:18:03 PM
   of 1819
Scrutiny of U.S. airline assistance grows in Congress
Reuters December 03, 2021 05:31:00 PM ET

WASHINGTON, Dec 3 (Reuters) - The leaders of the U.S. House Transportation Committee have asked a major airline industry trade group to answer questions about $54 billion in government payroll aid carriers got.

Committee chair Peter DeFazio, a Democrat, and the panel's top Republican Sam Graves, asked Airlines for America (A4A) to answer questions about staffing reductions despite the taxpayer assistance.

The lawmakers in a letter late Thursday noted questions have been raised about disruptions at two major U.S. carriers in recent months. They asked in the letter if that is the result of "a shortage of workers in key operational areas, despite the approximately $50 billion in aid" from Congress.

"We expect airlines to take whatever measures are available to ameliorate any short-staffing issues and begin to address longer-term workforce shortages."

The letter comes as the Senate Commerce Committee has invited the chief executives of seven major U.S. airlines to testify at an oversight hearing now expected to take place Dec. 15.

Senator Maria Cantwell, a Democrat who chairs the panel, is inviting the CEOs of American Airlines, Delta Air Lines , Southwest Airlines, United Airlines, JetBlue Airways, Alaska Airlines and Spirit Airlines to testify, Reuters reported earlier this week.

Many of those CEOs are expected to be in Washington on Dec. 15 to take part in an A4A meeting, officials said.

Cantwell said the CEOs should testify.

"I would encourage them to show up," Cantwell told Reuters on Wednesday. "I think it is bad faith not to show up ... The public deserves to know some answers."

She added "we're going to do our oversight role because this was a lot of money."

The airlines declined comment or did not immediately comment.

Starting in March 2020, Congress approved three separate rounds of taxpayer bailouts totaling $54 billion to cover much of U.S. airlines' payroll costs through Sept. 30 as a result of the COVID-19 pandemic.

Airlines that received government assistance were not allowed to issue involuntary layoffs or cut worker pay. They also had to limit executive compensation and halt share buybacks and dividend payments.

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From: Sam12/6/2021 2:07:40 PM
2 Recommendations   of 1819
Airline stocks took flight Monday, as some encouraging comments from Dr. Anthony Fauci regarding the omicron variant's severity helped calm investor fears regarding potential future travel restrictions. The U.S. Global Jets ETF (JETS) jumped 7.2% in midday trading, toward its biggest one-day gain in 13 months, with 43 of 50 equity components gaining ground. The ETF has now gained 11.3% since closing at a 13-month low on Dec. 1. Among the best performing and most- active U.S.-listed components, shares of United Airlines Holdings Inc. (UAL) climbed 11.1% in midday trading, was the S&P 500's second-biggest gainer and was on track for the best day since Nov. 9, 2020. Among other more-active U.S. air carriers, shares of American Airlines Group Inc. (AAL) rallied 10.2%, Delta Air Lines Inc. (DAL) ran up 8.6%, Southwest Airlines Co. (LUV) rose 5.3% and JetBlue Airways Corp. (JBLU) jumped 7.6%. The stocks' gains come amid a broad market rally, with the S&P 500 up 1.2%.

-Tomi Kilgore For more from MarketWatch:

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From: Moonray12/6/2021 4:21:38 PM
3 Recommendations   of 1819
U.S. is changing the rules for international travel
because of omicron. Here’s what you need to know

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From: Moonray12/6/2021 4:23:33 PM
2 Recommendations   of 1819
Boeing, travel stocks surge as investors shrug off omicron concerns

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From: OldAIMGuy12/10/2021 11:37:28 AM
1 Recommendation   of 1819
Airlines and JETS are having another downstroke today. I own JETS and also MESA. MESA doesn't appear in the top 50 JETS holding, so I don't know how much influence its sagging price today has on JETS. MESA dropped on a quarterly loss announced today due to the company taking "non-recurring losses."
JETS off 1.52%
MESA off 24.2%!!!

Best wishes,

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From: Sam12/13/2021 3:35:00 PM
1 Recommendation   of 1819
Delta Shares Lower After Plan to Invest in Virgin Atlantic, Aeromexico and LATAM
Dow Jones Newswires December 13, 2021 03:10:00 PM ET

Delta Air Lines shares were 3.2% lower, at $36.95, outpacing losses in the transportation and logistics sector, after the airline company said it would make investments in Virgin Atlantic, Aeromexico and LATAM of about $1.2 billion.

Delta said this comes as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient.

The airline said it is investing in Virgin Atlantic, Aeromexico and LATAM as each carrier emerges from restructuring or recapitalization. Upon completion of their respective processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. Delta said it would maintain its 49% equity stake in Virgin Atlantic.

Delta is currently anticipated to acquire one or both of reorganized LATAM common stock and unsecured convertible notes in a right offering, according to a U.S. Securities and Exchange Commission filing. The airline estimates its ownership interest in LATAM following the transaction would be substantially lower than the 20% it is today, according to the filing. LATAM in November said it filed a reorganization plan for a path forward to exiting Chapter 11.

Aeromexico in June 2020 filed for Chapter 11 in the U.S. amid the pandemic.

Virgin Atlantic said Monday it is getting a 400 million pound, or $530.8 million, new investment from shareholders Virgin Group and Delta.

"Throughout the pandemic, Delta has continued to invest in our future, including new aircraft orders, accelerating real estate projects and putting significant resources into health and safety measures to protect our employees and our customers," said Delta Chief Financial Officer Dan Janki. "Similarly, investing in our partners now--even as we continue to navigate the pandemic--is the right choice to support Delta's long-term strategy."

Write to Michael Dabaie at

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