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March 12, 2014
08:42 EDTUAL, DAL, EADSY, LUV, JBLU, BA, AAL, CITCIT Aerospace president says air traffic to rise in Asia, Latin America in FY14
Tony Diaz, president of CIT Aerospace at CIT Group (CIT) said the airline industry, and with it, air traffic, is expected to increase in 2014, with Asia and Latin America representing the fastest growing markets. Diaz said, "After several years of major airline consolidations, the U.S. is ripe for growth. It’s a market where for the last ten years airlines have been more involved in fixing their balance sheets. It’s time for those airlines to re-fleet, so we see a great opportunity to add aircraft in the U.S. Although consolidation in the U.S. is all but over, international consolidation is still expected, which may ultimately benefit consumers. However, near-term concerns about higher fares will be moderated because there is sufficient competition. Low-cost carriers have penetrated virtually every market and can step in if the large airlines increase fares.” CIT’s current order book focuses on new modern technology aircraft, which includes Boeing’s (BA) 787 and 737 Max, Airbus’s (EADSY) A350 and the A320 Neo. On the horizon for the industry is the E2 version of Embraer’s E-Jet and Boeing’s 777x. Diaz said, “The triple seven-x is going to be a large wide-body, long-haul aircraft, which we think will be very successful in the marketplace." Publicly traded companies in the space include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL).
News For CIT;JBLU;DAL;AAL;LUV;UAL;BA;EADSY From The Last 14 Days
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November 22, 2015
18:29 EDTBA, DALDelta CEO says Boeing offered used 777s for $10M, Bloomberg reports
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16:58 EDTEADSYAirbus CEO aims to find defense electronics buyer by year end, Reuters says
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November 20, 2015
18:52 EDTUALUnited Continental, ALPA reach agreement in principle to extend pilot contract
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07:30 EDTAALUBS to hold a conference
Industrials & Transportation Conference is being held in Boca Raton, FL on November 18-20 with webcasted company presentations to begin on November 20 at 8 am; not all company presentations may be webcasted. Webcast Link
05:54 EDTEADSYAirbus expects new model of A380 after 2022 amid slow sales, Bloomberg says
Airbus CEO Fabrice Bregier expects a newer model of the A380 won't be available until after 2022, reports Bloomberg. At a Wings Club luncheon in New York, Bregier said some carriers don't love the A380, adding that the "problem is to justify that such a big aircraft has a market. Later on, there will be an A380neo, supported by Emirates and a few other customers, but we need a business case." Reference Link
November 19, 2015
07:46 EDTEADSYThe Wings Club holds a luncheon meeting
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November 18, 2015
17:48 EDTDALGrupo Aeromexico confirms Delta intention to increase stake in company
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16:39 EDTDALDelta to acquire up to additional 32% of Grupo Aeromexico outstanding shares
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10:02 EDTCITHigh option volume stocks: CIT TDC MAR JNK EIX TIF NBG DSX FCS ARG
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November 17, 2015
14:11 EDTAALAmerican Airlines loyalty program to reward dollars spent, not miles flown
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11:24 EDTAALStocks with call strike movement; AAL AMZN
American Airlines (AAL) February 50 call option implied volatility increased 2% to 34, (AMZN) April 760 call option implied volatility increased 1% to 32 according to iVolatility.
07:44 EDTBAInterest rate increases usually a bullish signal for Boeing, says Canaccord
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November 16, 2015
19:40 EDTBALockheed Martin-Boeing JV won't bid for next U.S. satellite launch, Reuters says
Lockheed Martin (LMT) and Boeing's (BA) joint venture won't bid for the next U.S. GPS satellite launch due to the structure of the competition and because the venture didn't have engines for its Atlas 5 rocket. Reference Link
17:10 EDTLUV, UAL, CITSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
16:53 EDTCITPaulson reduced stake in Valeant
Paulson & Co. gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Perrigo (PRGO), CIT Group (CIT), Precision Castparts (PCP), Cameron (CAM), and Altera (ALTR). INCREASED STAKES: Teva (TEVA), Post Holdings (POST), Starwood Hotels (HOT), LivaNova (LIVN), and Synergy Pharmaceuticals (SGYP). DECREASED STAKES: Valeant (VRX), Shire (SHPG), Whiting Petroleum (WLL), Computer Sciences (CSC), and Oasis Petroleum (OAS). LIQUIDATED STAKES: Houghton Mifflin Harcourt (HMHC), Broadcom (BRCM), and Sprint (S).
13:17 EDTBABoeing forecasts $350B market for new airplanes in Latin America
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12:02 EDTBABoeing Business Jets announces four new BBJ MAX 8 orders
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09:59 EDTDALOmega bought Valeant in Q3, sold some SuneEdison
Leon Cooperman's Omega Advisors gave a quarterly update on its stakes in a filing this morning, disclosing its positions as of September 30. NEW STAKES: Pfizer (PFE), Valeant (VRX) Walgreens Boots Alliance (WBA), TerraForm Global (GLBL), Cigna (CI). INCREASED STAKES: Google Class A (GOOGL), Facebook (FB), Delta Air Lines (DAL). DECREASED STAKES: SunEdison (SUNE), Shire (SHPG), Citi (C), KAR Auction (KAR), LyondellBasell (LYB). LIQUIDATED STAKES: McKesson (MCK), 21st Century Fox (FOXA), General Motors (GM), QEP Resources (QEP), eBay (EBAY).
09:35 EDTAALAmerican Airlines trades lower, levels to watch
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05:38 EDTDALDelta Air Lines implied volatility of 33 at lower end of index mean range
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