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$DAL said its Aug. 2016 PRASM fell 9.5% YoverY due to domestic yield weakness, supply-demand imbalance in the Transatlantic, and headwinds from its Yen hedge positions. The outage in Aug. resulted in 2,300 cancelled flights, which along with subsequent recovery efforts negatively impacted Aug. revenue by about $100MM or 2 points of PRASM.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.