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$LUV, which competes with $DAL, $AAL and $JBLU, said based on current cost trends it expects 2Q16 CASM, excluding fuel, special items and profit sharing, to increase approx. 2% YoverY. Roughly 1 point of the YoverY increase is driven by accelerated depreciation from the company's Classics retirement.
$MCD stock rose more than 2% after it posted better than expected 3Q16 results, driven by global same-store sales growth. Meanwhile, earnings and revenue were lower than last year, hurt by refranchising efforts.
$RAI has received a $47 billion take over offer from British tobacco giant British American Tobacco! This is huge!
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.