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$LUV's operating revenue for 4Q15 increased by 7.5% from last year, largely driven by passenger revenue of $4.6Bil. Operating unit revenues declined 0.7%, on a 8.3% rise in available seat miles as compared to 4Q14. Based on current trends, $LUV expects 1Q16 operating unit revenue to be in line with last year.
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.