On Tuesday, Shares of MGM Resorts International (NYSE:MGM), gained 9.57% to $21.75.
MGM Resorts International stated financial results for the quarter ended June 30, 2015.
Key results for the second quarter of 2015 comprise the following:
- Net revenue at the Company’s wholly owned domestic resorts was $1.7 billion, an enhance of 4% contrast to the preceding year quarter;
- Rooms revenue at wholly owned domestic resorts raised 6% with a 6% enhance in REVPAR(1) at the Company’s Las Vegas Strip resorts contrast to the preceding year quarter;
- The Company’s wholly owned domestic resorts earned Adjusted Property EBITDA(2) of $458 million, an 11% enhance contrast to the preceding year quarter;
- Adjusted Property EBITDA margin for wholly owned domestic resorts raised 158 basis points to 26.9% in the current year quarter;
- MGM China’s net revenue was $557 million and Adjusted EBITDA was $132 million, decreases of 33% and 37%, respectively, contrast to the preceding year quarter; and
- CityCenter’s Adjusted EBITDA related to resort operations was $84 million, a 4% enhance contrast to the preceding year quarter.
MGM Resorts International, through its auxiliaries, owns and/or operates casino resorts. It operates through two segments, Wholly Owned Domestic Resorts and MGM China. The company’s casino resorts offer gaming, hotel, convention, dining, entertainment, retail, and other resort amenities.
Shares of JetBlue Airways Corporation (NASDAQ:JBLU), inclined 1.10% to $23.85, during its last trading session.
On July 20, JetBlue declared that flights on its recently declared new route between Fort Lauderdale-Hollywood International Airport (FLL) and Providenciales International Airport (PLS) in Turks and Caicos are now on sale. The year-round, daily service starts November 19, 2015. JetBlue is offering an introductory fare of only $99 each way (a) between Fort Lauderdale-Hollywood and Turks and Caicos.
The new route demonstrates JetBlue’s commitment to expansion in the Caribbean, where it is already the largest carrier from the U.S. The flights are also part of JetBlue’s ongoing growth at its focus city in Fort Lauderdale-Hollywood, Fla., where it now offers flights to more than 40 destinations. Eight new destinations, counting Turks and Caicos, have been declared just this year.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Finally, Union Pacific Corporation (NYSE:UNP), ended its last trade with -0.78% loss, and closed at $95.72.
Affirming its commitment to protecting the environment now and for future generations, Union Pacific presented climate change data to CDP and outlined initiatives and investments to reduce greenhouse gas emissions. For the second time, the company also stated on its water consumption and responsible administration of this resource in CDP’s water questionnaire.
The seventh annual public disclosure details Union Pacific’s actions to continuously improve environmental performance, counting:
- Investing in locomotive technology to support the rail industry’s move toward the U.S. EPA’s Tier 4 air emissions standards.
- Managing infrastructure, equipment and operations through training and awareness to enhance fuel efficiency.
- Creating a multi-disciplinary fuel conservation team, focused, in part, on addressing locomotive fuel, the company’s largest greenhouse gas source.
Union Pacific works with Trinity Consultants to compile its greenhouse gas inventory, and Conestoga-Rovers & Associates verified Union Pacific’s 2014 greenhouse gas inventory. Conestoga-Rovers & Associates and Trinity Consultants are independent organizations.
Union Pacific Corporation, through its partner, Union Pacific Railroad Company, operates railroads in the United States. The company offers freight transportation services for agricultural products, counting grains, commodities produced from grains, and food and beverage products; automotive products, such as finished vehicles and automotive parts; and chemicals comprising of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products.
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