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For Aug. 2016, $ALK's mainline segment, Alaska Airlines, reported an 8.7% rise in traffic on a 9.9% rise in capacity versus Aug. 2015. Load factor fell to 86.2%. Regional flying operated by subsidiary Horizon Air and third-party carriers, SkyWest and PenAir, reported a 12.2% rise in traffic on a 13.1% rise in capacity. Load factor fell to 82.5%.
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.