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Airline Stock Roundup: GOL & ALGT Report Q1 Loss Amid Coronavirus Woes

Airline Stock Roundup: GOL & ALGT Report Q1 Loss Amid Coronavirus Woes Zacks.com 2 days ago Gol Linhas Aereas Inteligentes GOL and Allegiant Travel Company ALGT incurred losses for first-quarter 2021. Results were hurt by the huge plummet in passenger revenues. Also, air-travel remained weak on a year-over-year basis. Further, heavyweights like American Airlines AAL and Southwest Airlines LUV reported first-quarter loss due to dwindling passenger revenues as mentioned in the previous week’s write up. Additionally, SkyWest SKYW underperformed estimates in the March quarter despite reporting earnings, unlike the above two carriers. SkyWest’s results were affected by a significant cut in the number of scheduled flights as a result of the pandemic.

FTSE 100 Rises On Stimulus Optimism

FTSE 100 Rises On Stimulus Optimism BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - U.K. stocks rose on Tuesday as concerns about volatile retail trading receded and liquidity tension in China s interbank money markets started to fade. Signs of progress in U.S. stimulus also offered some support. The benchmark FTSE 100 climbed 43 points, or 0.7 percent, to 6,509 after closing 0.9 percent higher the previous day. Airline EasyJet gained 2.4 percent and Ryanair Holding rallied 2.5 percent amid signs of the vaccination rollout picking up pace. Oil major BP Plc tumbled 3.2 percent after its fourth-quarter profit missed the consensus view. Online food delivery company Just Eat Takeaway.com dropped 1.6 percent after it placed 1.1 billion euros of convertible bonds, consisting of two tranches.

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