Hilton Dips; JetBlue Rallies; Boeing Quarterly Loss

0:02 Bloomberg Audio Studios. Podcasts. Radio. News. The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg data. Let's take a look at some stocks on the move today. The best, Alexis Christophers.

0:21 Love that introduction, and I thank you. Let us begin with Hilton Worldwide. Ticker symbol HLT. Of course, this is the hotel operator. Third quarter earnings beating the street. Revenue per available room. Very important metric. It combines room prices and occupancy rates increased by nearly 6%. That was better than expected, powered by strong demand during the World Cup soccer tournament. But here's the problem. Hilton is not too bullish on the current quarter. That is what's tripping up the stock. It is down now more than four percent. Also, by the way, Hilton is moving, you know, from the New York Stock Exchange to the Nasdaq. It announced this earlier this month on November 5th. It'll start trading on

1:03 the Nasdaq under the same ticker symbol HLT. And then today we've been talking all day about the fact that GM, GM doing the same thing as of November 17th. Let's move on to JetBlue. This is an interesting. Thank you. I just I don't understand it. But yesterday, the stock fell 18 percent to a record low ahead of its earnings report. Earnings come out, loss widened, but it is rallying about 13 percent right now. The CEO, Joanna Garrity, reassuring Wall Street JetBlue still on track to be profitable in the near future. She's saying they can achieve operating profitability in 2027 and deliver at least a dollar earnings per share and positive cash flow by 2028. But we know that JetBlue has been going through, they've been going

1:51 through it. And sure, they're saddled with about $ 9 billion in debt, increased competition, high oil prices. They have not had a profitable operating base. They haven't had a profitable year on an operating basis since 2019. I think that puts it in perspective for you.

2:06 Stock's down 48% year to date. Wow.

2:08 I mean, like, what's the summary here?

2:11 It's like really fragile, right?

2:12 Yeah.

2:13 And not to allow some of those mergers to happen a couple of years ago seems silly now.

2:17 Was it Southwest they were going to maybe?

2:20 Spirit at one point. It just feels like these regional airlines, it's a tough business.

2:25 How do they compete on the miles game and all that? I don't think they do.

2:29 They don't. And, you know, some of the big airlines are, you know. They're getting more competitive.

2:34 Next. Let's stick with airline or aircraft anyway. Boeing down. I mean, it, too, has had a really tough time of it down 13 percent this year, down again this morning, reporting a wider than expected loss at its main commercial airplane business. Delivery stagnating again in the third quarter. It's ramping up spending to support future production. It did see earnings rise, though, in its defense and space arm area.

2:59 But CEO Kelly Ortberg saying the company has a stronger foundation than a year ago, but there is still more work to do at Boeing. And apparently investors agree with that. The stock's under pressure. I wanted to get to Universal Music Group if we could really quickly. So they have been talking about going private with Apollo, TPG, and Blackstone. Apparently, this is according to Bloomberg, the conversation's have not progressed.

3:21 Universal has not begun a sales process, but the stock is higher just on the thought or the belief that they may go private.

3:28 The basic idea is it's not working, right?

3:31 It's not working. I haven't read about this, but the whole music publishing, we're going to sign David Bowie and make a lot of money. It's just not working. And the stock is down 27% this year. We're talking about universe. And they have Taylor Swift, Bad Bunny. What do you call him? I love what you call him.

3:50 No, Bad is a fan.

3:52 Bad is good. Kendrick Lamar, Billie Eilish. I mean, they have all these names. It's just not working out.

3:56 The economics in the business are so challenging. And they always have been.

4:00 That's why these companies are public and they're private and they're public.

4:03 Mm-hmm. Mm-hmm. The Stock Movers Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street. And for the latest market-moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg.com, and on Apple CarPlay and Android Auto with the Bloomberg Business app.