On Tuesday, a major U.S. airline announced that it's adding an additional payment option, allowing customers to use their Venmo accounts to buy tickets.
American Airlines (NASDAQ: AAL) stock fell after reporting Q4 results & weak outlook. Operating revenue grew 4.6% YoY, adjusted EPS up to $0.86. Q1 guidance: ($0.20)-($0.40) EPS, 3%-5% revenue increase.
American Airlines and JetBlue agree to pay nearly $2M in legal fees to six US states after losing a lawsuit over the now-blocked Northeast Alliance partnership.
Venmo payment options are the latest announcement in a broader effort from JetBlue to enhance its services and boost profits. The struggling low-cost carrier has searched for new revenue streams as larger airlines introduce their own budget options, increasing competition for those flyers.
Starting today, U.S.-based travelers can now use Venmo to pay for flights at checkout, the airline announced in a statement. This widely used peer-to-peer mobile payment app, powered by PayPal, allows users to send payments to individuals and retailers using their Venmo balance,
JetBlue is flying into the future after becoming the first airline to accept Venmo as payment for booking flights. The company announced on Tuesday that you will have the option to use Venmo to pay for your flights when booking through the airline’s main website. The feature hasn’t hit the app yet, but will in the coming months, CBS News reported.
President Trump has favored billionaires Elon Musk and Larry Ellison to make a bid for TikTok, while JetBlue now accepts Venmo payments for flights, and the most vulnerable and commonly used passwords are "password,
American Airlines is set to report its fourth-quarter financial results on Thursday before the opening bell. Here's a look at what to look for in the report:
Analysts expecting positive earnings from American Airlines due to strong travel demand during the holidays and favorable industry trends.
Compared to the aggregate P/E ratio of 13.78 in the Passenger Airlines industry, American Airlines Gr Inc. has a higher P/E ratio of 44.38. Shareholders might be inclined to think that American Airlines Gr Inc. might perform better than its industry group. It's also possible that the stock is overvalued.
A Black man and his white wife are suing American Airlines, alleging discrimination after they say the airline accused the man of trafficking his wife.