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Based on current trends and excluding fuel and oil expense, $LUV expects 3Q16 unit costs to increase about 2% and annual 2016 unit costs to rise by about 1%. This is largely due to additional depreciation expense associated with accelerated retirement of Classic fleet ($BA 737-300/-500 aircraft) to no later than 3Q17.
$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?