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Savanthi Syth of Raymond James asks about drivers of the decline in contract carrier maintenance and other expenses. $DAL said the biggest driver of cost performance is continued upgauging and efficiency. With the current fleet plans, $DAL has about 7% upgauge between 2016-2020. This has benefitted the ability to drive cost efficiencies.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?