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$LUV said Rapid Rewards revenue production was strong in 1Q16, including approx. $125MM of YoverY incremental revenues from its amended co-brand agreement with Chase last July. The company's revenue growth was in line with its capacity, resulting in flat RASM, which was notable considering the 1-2 point impact from stage and gauge increase in 1Q16.
$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?