Southwest Airlines Takes First Full-Year Loss Since 1972, Posts Loss Of $3.1 BillionIt's the biggest loss for Southwest Airlines in nearly 50 years. The Dallas-based airline said Thursday it lost $3.1 billion in 2020 and bookings for early this year have stalled.
Pandemic Leads To $8.9 Billion Losses For American AirlinesThe COVID-19 pandemic has taken a toll on air carriers. The largest U.S. airline, Fort Worth-based American Airlines, lost $2.2 billion in the fourth quarter.
Texas-Based Exxon Mobil Reports Loss Of $680 Million As Demand For Fuel Continue to FallAfter saying it expects to slash some 1,900 jobs, Irving-based Exxon Mobil announced a loss of $680 million in the third quarter.
Frisco Leaders Hope New Amazon Store Will Lure Shoppers, Boost City RevenuesIt’s the company’s sixth store in the U.S. and the only one in Texas.
Southwest Airlines 3rd Quarter Profits Spike Despite Grounding Of 737 Max JetsSouthwest Airlines is holding its own through the grounding of its Boeing 737 Max aircraft fleet, reporting a 7% jump in profits.
Citing 737 Max & Fuel Costs American Airlines Warns Expecting Weaker 2019 ProfitsCiting the grounding of Boeing’s 737 Max jets and fuel costs, American Airlines lowered its earnings forecast for the year.
American Cuts First-Quarter Estimates Citing Boeing 737 Max Jet ProblemsAmerican Airlines is cutting a key revenue estimate partly because of canceled flights due to the grounding of its Boeing 737 Max jets.
Dallas Morning News Announces 43 LayoffsThe Dallas Morning News said Monday it laid off 43 employees, including about 20 journalists due to revenue losses.
JC Penney Shares Plunge After CEO Ellison Departs For Lowe'sJ.C. Penney's CEO is leaving the company to become the top executive at Lowe's.
JC Penney Outlook Spooks Wall StreetJ.C. Penney is reporting a first-quarter loss along the lines of what analysts had expected, but also strong revenue.
With Lights From Toys R Us Dimmed, Sales Plunge At HasbroThe repercussions from the demise of Toys R Us have begun to ripple outward beginning with Hasbro.
Sears Narrows Loss On Cost Cuts, But Revenue SlidesSears Holdings Corp. continued its downward slide during its fiscal third quarter, with competition and a continued shift in shopping habits cutting into sales.
Snapchat And Twitter Adopting New Looks To Gain More UsersA pair of struggling social-media darlings have decided they need to take on new looks if they want to prosper. Twitter is rolling out a 280-character limit for nearly all its users and Snapchat will undergo a revamp to make itself easier to use.
Southwest Airlines Beats 3Q Profit ForecastsSouthwest Airlines is reporting third-quarter earnings of $503 million, which was better than expected on Wall Street in a quarter in which hurricanes created travel havoc for thousands of Americans.
Twitter Struggles To Turn Headlines Into CashTwitter is struggling to convert its headline omnipresence into cash, and its profit forecast sent investors scrambling before the opening bell Thursday.