Consumer Biz Review: US Airways’ GOOD Report, Walgreen’s MAKEUP With Express Scripts
Here are Wednesday’s top stories:
US Airways Group, Inc. (NYSE:LCC) sees its highest quarterly profit in the carrier’s history, as second quarter net profit more than triples to $306 million. Mainline passenger revenue rose by 7.3 percent, express passenger revenue by 9.6 percent, passenger revenue per available seat mile up by 6.8 percent, and fuel price per gallon down-3.5 percent to $3.18.
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J.C. Penney (NYSE:JCP) shares jump as Marie Claire fashion director Nina Garcia thanks Chief Executive Ron Johnson for a walk-through of a prototype store. Garcia tweeted, “Get ready to shop. It’s going to be a game changer!”
Walgreen Co. (NYSE:WAG) shares rise a bit after WellPoint, Inc. (NYSE:WLP) announces that its members will again have access to the former’s pharmacies in mid-September, now that the company has made a new agreement with Express Scripts, Inc. (NASDAQ:ESRX). WellPoint is Express’ biggest client, so the move could help Walgreen as it attempts to recover customers it lost starting on New Year’s Day when it severed its ties with ESRX.
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