Alaska Airlines to convert 2 more Boeing jets into freighters in bet on air cargo boom

Alaska Airlines employee Jeff Ferguson loads cargo at Ted Stevens Anchorage International Airport in Anchorage, Alaska. Mark Thiessen | AP Alaska Airlines is turning two of its midlife Boeing 737-800s into cargo planes, a bet that the pandemic boom in air freight will continue to generate revenue even after more passengers return to travel. The Seattle-based airline, the country’s fifth-largest, already has three smaller Boeing 737-700s dedicated solely to air freight. It’s a small number for a carrier whose mainline fleet stood at 217 planes at the end of 2021,…

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Cramer says these profitable, newly public stocks should be on your potential buy list

For weeks, CNBC’s Jim Cramer has advised that newly public companies have fallen out of favor on the Wall Street fashion show as investors recalibrate to a more hawkish Federal Reserve. He’s urged people to stay away from the group. But eventually, the “Mad Money” host said Thursday, the “indiscriminate selling” in the cohort will offer at least some buying opportunities. “When that happens, you should be aware the market has fallen far enough that there’s actually a few companies that might … be interesting,” Cramer said. For that reason,…

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Biden says he doesn’t expect more travel restrictions or lockdowns as omicron Covid variant spreads

Travelers walk through Terminal A at Ronald Reagan Washington National Airport November 23, 2021 in Arlington, Virginia. Drew Angerer | Getty Images President Joe Biden on Monday said he doesn’t expect the U.S. to impose additional travel restrictions to stem the spread of the omicron Covid-19 variant, sending some airline stocks higher. Airline and aerospace stocks fell sharply on Friday after several countries reported cases of the omicron variant and established new travel restrictions. The U.S. on Monday began to temporarily bar visitors from South Africa, where scientists first reported…

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Stocks making the biggest moves premarket: JPMorgan Chase, BlackRock, Delta Air and others

Check out the companies making headlines before the bell: JPMorgan Chase (JPM) – JPMorgan Chase reported a profit of $3.74 per share for the third quarter, compared with a consensus estimate of $3.00, while revenue also topped Wall Street forecasts. CEO Jamie Dimon said the quarter was strong despite negative economic impact from the Delta variant and supply chain disruptions. BlackRock (BLK) – The asset management firm earned an adjusted $10.95 per share for the third quarter, beating the $9.35 consensus forecast. Revenue beat estimates as well, despite the implementation…

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Amazon opens its $1.5 billion air hub in Kentucky in latest push to speed deliveries

An Amazon-branded Boeing 767 freighter, nicknamed Amazon One, flies over Lake Washington during the Seattle Seafair Air Show on Aug. 5, 2016 in Seattle. Getty Images Amazon on Wednesday opened its $1.5 billion air hub in northern Kentucky, which will help accelerate its push for faster delivery and greater control over its logistics network. It’s a major milestone for Amazon Air, the company’s burgeoning air cargo arm, which launched in 2016, whose routes are flown by several contracted carriers. Across the company’s sprawling network of warehouses, trucks and delivery vans,…

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