Airlines are f*cked

[The beef 675] [I'm an image] “There’s buy low, and then there’s bury. Airlines are buried.” - Jeff Hey there carnivores, Markets were up on Monday, with tech stocks carrying the rally. And today we’re talking about the airline industry’s nose dive. Keep raging, Jeff & Jason [Image] [I'm an image] Crash Landing After Warren Buffett announced Sunday that he eighty-sixed airlines, things went from bad to worse for our winged friends. For starters, all four major airline shares fell, likely, thanks to harsh words from the Oracle. Look what you did! The four major US airlines saw [losses]( of 5% or more, with American Airlines dropping 7%, Delta falling 6.4%, Southwest sinking by 5.7%, and United losing 5% on the day. Dropping and/or falling are two words you don’t want next to your airline in any capacity. United had itself an exceptionally rough Monday, even by Monday standards. It [announced]( that nearly one-third of its more than 12k+ pilots will be without jobs by October 1. United’s chief pilot (the actual head pilot, we didn’t know they ranked them, either) said those numbers could be even higher if summer travel doesn’t make one hell of a comeback. Not to mention more than 30% of management jobs will be [cut in October](... since the airlines promised the government to keep employees on until September. What’s worse? This comes after UA received approximately $5B in bailout money from Uncle Sam. Sh*t flows down-er-uphill It’s not just the airlines that are feeling the heat either. Somebody’s got to make all those planes that no one’s buying. *GE has entered the chat*. General Electric which makes engines for Airbus and Boeing, started its week off on the wrong foot. GE, yesterday, [said]( that it will layoff more than 25% of its aviation workforce over the next few months. The cut of more than 13k jobs comes just a few months after the struggling conglomerate chopped 10% of its aviation workers in March as part of a mission to reduce more than $1B in costs from the business. If you recall, the engine-maker last week announced its profits had fallen 40% in Q1, so it sounds like that whole cost reduction thing better happen sooner rather than later. Cooler Commentary Yeah, it’s not looking great for US airlines and their manufacturers. The good news, especially if you like endless buffets and overpriced sunscreen, is that cruises could be back soon. So some industries are willing to adapt and overcome, even if they infect the entire world in the process. Carnival announced it would be [resuming]( operations as early as August 1st in Florida and Texas. OK, that checks out. It’s still extending cancellations of many of its North American and European routes. But at least they’re trying. It’s promising to see some of these corona-ravaged travel services start to see a light at the end of the tunnel. I think. [Image] Can One Simple Indicator Make A Difference? [Alternate text]( Before and After— Nathan Mastered LottoX Nathan Bear, a husband, and father of four, was just scraping by to make ends meet —until he discovered and mastered LottoX. The one simple indicator which helps eliminate the noise out of the market and can potentially deliver profits as high as 1,001%, 1,175%, 1,391%, and 1,670% — virtually overnight. For the first time ever, he’s making it available to you. Imagine putting on a trade each day that has the potential for 10X returns in just a few days or less. It’s possible, and Nathan will show you how on May 6th—LIVE at 2 PM ET [Register Here]( [I'm an image] ☑️ You gotta spend money to make money. The US Treasury [will set a new record]( *bells and whistles go off* as it is estimated to borrow $3T this quarter. That’s a lot of $1,200 checks. Thanks to ‘rona boi, the Treasury has spent Brinks-trucks full of funds to keep the economy going as social distancing and stay at home orders brought the economy to a standstill. There’s an additional stimulus package in the, excuse my phrasing, works, to help assist the 30M+ Americans on the unemployment line thanks to furloughs and layoffs. In fact, California just [became the first state]( to ask the federal government for money to pay its unemployed. The current year's budget deficit is at $744B, but it’s expected that Q3 will see an additional loss of $677B. The [US national debt clock]( is now nearing $25T, while US GDP stands at $21.38T. ☑️ Re-Failure. J Crew [has become the first major retailer]( to file for bankruptcy thanks to COVID-19. The preppy clothing brand reached a deal with shareholders to convert $1.65B of its debt to equity and secured $400M in financing from existing lenders... presumably in exchange for salmon-colored shorts with little anchors on them. It was already struggling in the sales and debt departments, as the retailer received criticism that it lost touch with its audience way before its audience wasn’t allowed to touch each other. Apparently a nautical themed sweater for $90 doesn't slap the way it used to. The good news? J Crew isn’t alone. Other [struggling retailers](, such as Neiman Marcus and J.C. Penney, may be next, as Neiman is supposedly looking for financing and JCP missed an interest payment. Whoops! ☑️ Take a seat. How much does safety matter to you? Frontier is betting $39. Frontier Airlines is [allowing customers]( to purchase the middle seat next to them, ensuring that it stays unoccupied to help out with social distancing… all for the low, low price (range) of $39 to $89. Umm, wouldn’t I still need to straddle the person in the aisle seat to get to the bathroom? I digress. The budget airline is also implementing other COVID related policies, such as mandatory face coverings, temperature checks, and not letting anyone on the flight that has coronavirus. Ok, the last one checks out. Other airlines, such as American and Delta, are blocking middle seats for booking, but would book them if passengers need them... which defeats the purpose entirely. ☑️ Packing meat. Tyson Foods fell 10% yesterday, [as it missed big]( on earnings thanks to the negative impact of the coronavirus pandemic. EPS came in at 77 cents, a far cry from Wall Street’s estimates of $1.04, while revenue fell $50M short of the projected $10.96B. And the company expects volume to decline in Q2 as people continue to social distance and eat at home. Hundreds of Tyson employees have contracted the virus, forcing numerous slaughterhouses and plants to slow production or shut down. Tyson’s chickens, on the other hand, have been very pleased by this recent development. In an effort to keep the business afloat, the meat maker has secured a $1.5B term loan facility. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. Furthermore, such information is not to be construed as an offer to sell or the solicitation of an offer to buy, nor is it to be construed as a recommendation to buy, hold or sell (short or otherwise) any security. All users of this website must determine for themselves what specific investments to make or not make and are urged to consult with their own independent financial advisors with respect to any investment decision. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. All opinions, analyses and information included on this website are based on sources believed to be reliable and written in good faith, but should be independently verified, and no representation or warranty of any kind, express or implied, is made, including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. In addition, we undertake no responsibility to notify such opinions, analyses or information or to keep such opinions, analyses or information current. Also be aware that owners, employees and writers of and for RagingBull.com, LLC may have long or short positions in securities that may be discussed on this website or newsletter. Past results are not indicative of future profits. This table is accurate, though not every trade is represented. Profits and losses reported are actual figures from the portfolios Raging Bull manages on behalf of RagingBull.com, LLC. If you no longer wish to receive our emails, click the link below: [Click Here to stop receiving emails from support@ragingbull.com]( [Unsubscribe from all RagingBull emails](