American Airlines Group Inc (NASDAQ:AAL) plans to invest $25 million in U.K.-based electric aircraft start-up Vertical Aerospace Group Ltd through private…
Airline stocks are flying high so far in 2021 as investors anticipate a booming summer travel season and a return to business travel in coming quarters.
On Thursday, MKM Partners initiated coverage of the airline group and said some stocks have more near-term upside than others.
Boeing Co (NYSE: BA) shares are trading higher by around 1% at $250.21 Thursday afternoon following a Bloomberg report that United Airlines Holdings Inc (NASDAQ: UAL) is in talks to buy at least 100 Boeing MAX jets
Henry Ford, who famously predicted in 1940 that a combination airplane and car was coming for the average person, might not have been right at the time, nor were the thousands that followed with predictions of flying cars in the decades ahead.
U.S. indices were trading lower Thursday despite slightly better-than-expected U.S. jobs data. Positive data has potentially raised concerns the Fed could eventually taper stimulus measures. Speculative retail trading in some names has also increased volatility.
United Airlines Holdings Inc (NASDAQ: UAL) announced Thursday its plan to purchase 15 supersonic jets, referred to as Overture, from Boom Supersonic, with the option to purchase an additional 35 aircraft.