Transportation Sector Review: UPS Layoffs, Alaska Air Passenger Revenue
Republic Airways Hldgs (NASDAQ:RJET) announced that David Siegel will join the Company as CEO, President, and interim COO of Frontier Airlines, a wholly owned subsidiary of Republic Airways Holdings. Siegel’s appointment is another step towards the goal of making Frontier Airlines a viable, strong and independent business. Siegel and the entire Frontier executive team will be based at Frontier’s headquarters in Denver, Colo.
The shares closed at $5.32, up $0.79, or 17.44%, on the day. Its market capitalization is $256.98 million.
Alaska Air Group, Inc. (NYSE:ALK) reported Q4 passenger regional revenue $190.3M; Passenger mainline revenue $766.5M
The shares closed at $72.71, down $2.73, or 3.62%, on the day. Its market capitalization is $2.58 billion.
United Parcel Service (NYSE:UPS) is laying off over 400 workers at its Supply Chain Solutions warehouse in Hebron, Kentucky, NKY.com reports. The layoffs are expected to occur by April 1.
The shares closed at $75.84, up $0.22, or 0.29%, on the day. Its market capitalization is $73.18 billion.
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