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Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said. Some 4,700 jets have been parked globally as airlines slash operations due to travel restrictions, according to Ascend by Cirium fleet data, and American’s decision confirms industry speculation that many of those older jets won’t fly again. In addition to the retirement of 34 Boeing Co 757s and 17 Boeing 767s announced just two weeks ago, American now …read more […]

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Business News

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said.

…read more […]

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Trading Ideas

Exclusive: American Airlines to retire more jets, including vintage 737s, in coronavirus downturn

American Airlines Group Inc is set to sharply increase the number of jets it is planning to retire beyond its announced plans as it accelerates a fleet transformation to respond to the coronavirus crisis, people familiar with the matter said. Some 4,700 jets have been parked globally as airlines slash operations due to travel restrictions, according to Ascend by Cirium fleet data, and American’s decision confirms industry speculation that many of those older jets won’t fly again. In addition to the retirement of 34 Boeing Co 757s and 17 Boeing 767s announced just two weeks ago, …read more […]

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The market is being driven by massive stimulus, but we have to take our signals from the virus: Brigg McAdam Founding Partner

Greg Swenson, Brigg McAdam Founding Partner, joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how markets are weathering the coronavirus outbreak. …read more […]

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Abbott Laboratories Stock Soaring With 5-Minute COVID-19 Test

Abbott Laboratories stock is lighting up the market this week. However, where did this spike come from? The health care and medical device company has received emergency FDA approval on their 5-minute coronavirus test.
Abbott Laboratories (NYSE:ABT) made the announcement on Friday, March 27th and the stock market responded quickly. The company will begin to ramp up production on their groundbreaking test, which makes their stock one to watch during the pandemic.

Why is Abbott Laboratories Stock Gaining So Much Traction?
Is this the first time you are hearing about Abbott Labs? If so, it will not be the last. The Illinois-based company …read more […]