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$ALGT said it expects May Scheduled available seat miles or capacity to increase by 17% YoverY. The company expects system capacity growth of 13-17% for 2Q16 and 15-19% for 3Q16. The company projects system departures growth of 14-18% for 2Q16 and 18-22% for 3Q16.
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.