Philip Morris International Inc
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Consumer Staples : Tobacco | Large Cap Value
Company profile

Philip Morris International Inc. is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada. The Company's portfolio of international and local brands is led by Marlboro. Its mid-price brands are L&M, Lark, Merit, Muratti and Philip Morris. Its other international brands include Bond Street, Chesterfield, Next and Red & White. The Company also owns various local cigarette brands, such as Dji Sam Soe, Sampoerna and U Mild in Indonesia; Champion, Fortune and Jackpot in the Philippines; Apollo-Soyuz and Optima in Russia; Morven Gold in Pakistan; Boston in Colombia; Belmont, Canadian Classics and Number 7 in Canada; f6 in Germany; Delicados in Mexico; Assos in Greece, and Petra in the Czech Republic and Slovakia.

Closing Price
$74.45
Day's Change
-0.41 (-0.55%)
Bid
--
Ask
--
B/A Size
--
Day's High
75.37
Day's Low
74.31
Volume
(Below Average)
Volume:
3,823,431

10-day average volume:
4,637,869
3,823,431

Airline stocks fall amid concerns that the travel recovery from the COVID-19 lows have slowed

12:49 pm ET September 9, 2020 (MarketWatch)
Print

Airline stocks were broadly lower Wednesday, after a number of air carriers provided travel demand and capacity outlooks that raised concerns that the the recovery from the COVID-19 lows has slowed. Although the Dow Jones Transportation Average rose 2.0%, all six of the index's airline components sold off, led by American Airlines Group Inc. stock's (AAL) 4.9% drop. United Airlines Holdings Inc. shares (UAL) shed 3.7%, after the company cut its third-quarter outlook (http://www.marketwatch.com/story/united-airlines-stock-falls-after-outlook-cut-for-third-quarter-capacity-passenger-revenue-2020-09-09) for capacity and passenger revenue, while Alaska Air Group Inc.'s (http://www.marketwatch.com/story/alaska-air-sees-q3-capacity-down-about-55-as-coronavirus-pandemic-continues-to-weigh-2020-09-09) stock (ALK) slid 3.7% after the said August load factor was 46%, down from 54% in July, and that it expects September load factor in the 40% to 45% range. Hawaiian Airlines parent Hawaiian Holdings Inc. shares (HA) lost 3.8% after the carrier cut its third-quarter capacity outlook (http://www.marketwatch.com/story/hawaiian-airlines-parent-lowers-third-quarter-capacity-outlook-slightly-to-down-87-2020-09-09), amid new quarantine requirements. Among other airlines, shares of Delta Air Lines Inc. (DAL) slid 2.8%, Southwest Airlines Co. (LUV) declined 3.7%, and JetBlue Airways Corp. (JBLU) gave up 2.1%. Separately, the Bureau of Transportation Statistics said Wednesday that U.S. airlines employed 706,824 workers in mid-July, up from 699,723 in mid-June and down from 753,465 in March. The weakness in airline stocks comes as the Dow Jones Industrial Average surged 568 points, or 2.1%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 09, 2020 12:49 ET (16:49 GMT)

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