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2020-08-07 07:50 | Report Abuse
Many workers already left
Labor unions had been urging Congress to extend the airline aid since June and CEOs of some of the largest U.S. carriers have recently said they back an extension. Chief executives of American and Southwest, have said they have spoken with lawmakers and officials in Washington about the additional aid.
2020-08-07 07:47 | Report Abuse
Meanwhile, travel demand remains at a fraction of last year's levels and financial losses at airlines are mounting. Executives say a demand recovery to 2019 levels could take years and that appetite for air travel will be limited barring a coronavirus vaccine.
"For these reasons, we support a clean extension of payroll support for passenger air carrier employees included in the CARES Act to avoid furloughs and further support those workers," the 16 Republican senators wrote in a letter, which was seen by CNBC, to McConnell and Senate Minority Leader Chuck Schumer. The letter was signed by Sens. Cory Gardner, R-Colo., Todd Young, R-Ind., Roger Wicker, R-Miss., Marco Rubio, R-Fla., John Cornyn, R-Texas, and Susan Collins, R-Maine, and others.
The senators also urged Congress to consider support for other aviation-related businesses like concessionaires and aircraft producers.
"Such businesses and their workers are uniquely tethered to air travel and have been and will continued to be significantly impacted by the decline in air travel," they wrote.
Boeing shares rose 5.6% on Wednesday while its key supplier Spirit Aerosystems, which makes fuselages and other parts, added nearly 9%.
2020-08-07 07:46 | Report Abuse
Airline stocks soar after GOP senators push for $25 billion in additional industry aid
PUBLISHED WED, AUG 5 2020 2:45 PM EDT
UPDATED WED, AUG 5 2020 5:58 PM EDT
Leslie Josephs
@LESLIEJOSEPHS
https://www.google.com/amp/s/www.cnbc.com/amp/2020/08/05/coronavirus-aid-package-senators-push-for-billions-more-in-airline-aid.html
More than a dozen Republican senators on Wednesday backed $25 billion in additional federal aid for the airline industry as a spike in coronavirus cases in the U.S. in recent weeks derailed a nascent recovery in travel demand.
The news sent shares sharply higher Wednesday afternoon. American Airlines' stock closed up 9.5%, after trading as much as 12% higher on the day. United Airlines and Delta Air Lines added more than 4% and 3%, respectively.
The added GOP support increases the likelihood that the funds get included in the next big aid package to help the U.S. weather the impact of the pandemic. More than 200 House lawmakers have already backed the extension, which would preserve jobs until the end of March 2021. The endorsement from GOP senators in the Republican-controlled Senate puts pressure on Senate Majority Leader Mitch McConnell to include the provision in a final aid package.
U.S. passenger airlines were allocated $25 billion in aid, mostly in grants, that would preserve sector jobs through Sept. 30, but carriers have told more than 70,000 workers that their jobs are at risk after that deadline passes.
2020-08-06 17:35 | Report Abuse
Tommorrow AirAsia for sure will continue it’s uptrend already !
It probably will be opened at => 0. 80 (+0.15) (+23.1 .%) !
and closed at => 0.90 (+0.25) (+38.5 %) !
Huat ah ! Heng ah ! Ong ah !
2020-08-06 15:53 | Report Abuse
Luckily I dare dare Sailang at 0.64 ...
But current price of 0.67 ~ RM 1.00 still very cheap price to Sailang on it !
2020-08-06 01:19 | Report Abuse
Crude up economy getting prosperous then everybody getting rich then everybody can fly !
2020-08-06 00:10 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-06 00:09 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23 percent) !
2020-08-06 00:07 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-06 00:06 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-06 00:04 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23 percent) !
2020-08-06 00:03 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-06 00:00 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:59 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:59 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:57 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:57 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:56 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 23:55 | Report Abuse
Wow, Fantastic !
As at 11.55pm, Dow Jones super bullish!
DJI=> 27,159.72 (+331.25) (+1.23%) !
2020-08-05 22:04 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 22:01 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 22:00 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62 percent) !
Brent => $46.09 (+1.66) (+3.74 percent) !
2020-08-05 21:59 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:58 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:58 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62 percent) !
Brent => $46.09 (+1.66) (+3.74 percent) !
2020-08-05 21:57 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:56 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:55 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62 percent) !
Brent => $46.09 (+1.66) (+3.74 percent) !
2020-08-05 21:54 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:53 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:53 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62 percent) !
Brent => $46.09 (+1.66) (+3.74 percent) !
2020-08-05 21:52 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:52 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:51 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62% percent) !
Brent => $46.09 (+1.66) (+3.74 percent) !
2020-08-05 21:51 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:50 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:50 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:47 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:46 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:45 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:45 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
2020-08-05 21:45 | Report Abuse
Wow, Amazing ! Oil price continue to spike up !
As at 9.45pm,
Nymex=> $43.21 (+1.51) (+3.62%) !
Brent => $46.09 (+1.66) (+3.74%) !
Stock: [SUPERMX]: SUPERMAX CORPORATION BHD
2020-08-07 11:43 | Report Abuse
Wow, unbelievable!
Supermx now already traded at=>
24.04 +(0.26) (+1.09 %) !
Huat ah ! Heng ah ! Ong ah !