On Tuesday, Shares of JetBlue Airways Corporation (NASDAQ:JBLU), lost -0.74% to $18.87.
Airlines stocks fell again Tuesday after disappointing monthly reports from American and Southwest suggested that airlines are losing the ability to raise prices, according to AP.
American, the world’s biggest airline company, lowered its second-quarter forecast for a key revenue figure and pretax profit margin. Southwest stated that its key revenue figure tumbled 6 percent in May.
Southwest CEO Gary Kelly said his airline was on track for a record profit in the second quarter. But he added that Southwest is starting to scale back its planned flying in the second half of the year because the economy is weaker than predictable. Southwest plans to expand flying again in 2016, though not as aggressively as in 2015. AP Reports.
Both reports added to investors’ concern that the airlines may be adding flights faster than the pace of travel demand. AP added.
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.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), inclined 0.31% to $25.52, during its last trading session.
Activision Publishing, Inc., a wholly owned partner of Activision Blizzard, lands at Licensing Expo 2015 with a powerhouse portfolio of some of the most compelling and immersive entertainment properties in the world. Anchored by tentpole franchises Skylanders®, Call of Duty®, Destiny and now Guitar Hero® Live, Activision’s Licensing & Partnerships business, established in 2012, has exponentially grown the videogame publisher’s global reach through a multi-pronged planned approach. New and returning best-in-class partners such as McDonald’s, Crayola, MEGA Brands, Power A, BioWorld and Penguin will continue to drive the company’s licensing, merchandising and retail business in 2015 and beyond.
“Activision’s award winning and top-selling billion dollar franchises Skylanders and Call of Duty, together with Destiny, the biggest new videogame franchise launch in history, have offered us with meaningful opportunities to create multiple consumer touchpoints,” said Ashley Maidy, vice president of global licensing and partnerships at Activision Publishing, Inc. “The videogame industry has truly become the source of some of the biggest entertainment launches of our time. These world-class IPs enable us to build consumer products programs that complement these massive franchises.”
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads.
Finally, Encana Corporation (NYSE:ECA), ended its last trade with 1.60% surge, and closed at $12.05, as oil prices have surged as traders girded for a bullish US crude storage report and the government lowered its forecast for American production in the second half of 2015.
Brent crude settled up $US2.19 a barrel, or 3.5 per cent, at $64.88, and US crude settled up $US2 a barrel, or 3.44 per cent, at $US60.14.
Encana Corporation, together with its auxiliaries, engages in the development, exploration, production, and marketing of natural gas, oil, and natural gas liquids in Canada and the United States.
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