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Stock Market & Financial Investment News

News Breaks
March 12, 2014
08:42 EDTCIT, UAL, DAL, EADSY, LUV, JBLU, BA, AALCIT 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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February 20, 2015
07:02 EDTEADSYAirbus in talks with Indian firms to produce military helicopters, Reuters says
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February 19, 2015
17:28 EDTBABoeing awarded $591.25M government contract modification
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09:59 EDTUAL, LUV, JBLUOn The Fly: Analyst Initiation Summary
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07:46 EDTBAAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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06:18 EDTEADSYBAE Systems sees winning more Typhoon jet, naval orders in 2015, WSJ reports
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February 18, 2015
17:51 EDTAALAmerican Airlines reinstated with a Buy at BofA/Merrill
Target $64.
17:50 EDTDALDelta Air Lines reinstated with a Buy at BofA/Merrill
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17:28 EDTJBLUJetBlue initiated with a Buy at BofA/Merrill
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17:27 EDTLUVSouthwest initiated with a Buy at BofA/Merrill
Target $52.
17:27 EDTUALUnited Continental initiated with a Neutral at BofA/Merrill
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09:02 EDTBAOrbital ATK begins production of Boeing 787 Dreamliner frames
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08:16 EDTBAKaman awarded 777/767 fixed trailing edge kits LTA by Boeing
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08:03 EDTBAAlaska Air purchasing six Boeing Extended Range aircraft
Alaska Airlines (ALK) is purchasing six more Boeing (BA) 737-900 Extended Range aircraft, valued at $594M. Boeing's current list price. The new planes, four scheduled for delivery in 2016 and two in 2017, bring Alaska's total of locally manufactured jets on order to 79.
07:07 EDTBABarclays to hold a conference
Industrial Select Conference is being held in Miami on February 18-19.
05:15 EDTJBLUJetBlue says Lufthansa incentive order will have no impact on share count
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February 17, 2015
17:02 EDTUALSoros Fund Management gives quarterly update on stakes
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13:18 EDTUALOmega Advisors gives quarterly update on stakes
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11:04 EDTBABoeing awarded $29.5M contract for laser weapons on Navy ships
Boeing said it has been awarded a $29.5M contract to design and develop a beam control system that could provide exceptional accuracy for laser weapons on U.S. Navy warships.
07:24 EDTUALExecutives' Club of Chicago to hold a breakfast meeting
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07:03 EDTEADSYDucommun says awarded first direct contract on Airbus A350 XWB
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