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Stock Market & Financial Investment News

News Breaks
July 30, 2014
07:21 EDTJBLU, ALK, UALJetBlue price target raised to $13.50 from $10 at JPMorgan
JPMorgan raised its price target for JetBlue (JBLU) shares to $13.50 saying a CEO transition in early 2015 seems highly probable, which it feels could lead to a more returns-oriented business model. The firm reiterates an Overweight rating on the stock. JPMorgan also downgraded shares of Alaska Air (ALK) this morning to Neutral and upgraded shares of United Continental (UAL) to Overweight.
News For JBLU;ALK;UAL From The Last 14 Days
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October 30, 2014
10:02 EDTALKOn The Fly: Analyst Downgrade Summary
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07:05 EDTALKAlaska Air downgraded to Underweight from Neutral at JPMorgan
JPMorgan downgraded Alaska Air to Underweight saying competition in the company's markets is likely to increase and that it sees greater upside potential in peers. The firm lowered its price target for shares to $51 from $53.50.
October 24, 2014
10:03 EDTALKOn The Fly: Analyst Downgrade Summary
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09:14 EDTALKAlaska Air downgraded at Buckingham
As previously reported, Buckingham downgraded Alaska Air (ALK) to Neutral from Buy. The analyst sees increased risk next year to Delta's (DAL) new focus on domestic capacity in Seattle.
07:40 EDTALKAlaska Air downgraded to Neutral from Buy at Buckingham
October 23, 2014
10:59 EDTUALUnited Continental sees Q4 capacity up 0.5%-1.5%
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10:54 EDTUAL, JBLUOptions with decreasing implied volatility
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10:45 EDTUALUnited says hasn't seen meaningful impact on bookings to date from Ebola
Comment made on the Q3 earnings conference call.
09:55 EDTJBLUJetBlue sees October PRASM up 1%-2% y/y
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09:10 EDTUALUnited Continental sees Q4 PRASM down 1% to up 1%
For fourth quarter 2014, the company estimates its consolidated system available seat miles to increase between 0.5% and 1.5% compared to the same period in the prior year. The company estimates its full-year 2014 consolidated system ASMs to increase between 0.2% and 0.4% year-over-year. The company expects its fourth-quarter 2014 consolidated passenger revenue per available seat mile to be between a decrease of 1.0% and an increase of 1.0% versus the fourth quarter of 2013. This guidance is negatively impacted by 1.5 percentage points related to certain interline ticket reconciliations the Company recorded in the fourth quarter of 2013. UAL estimates cargo and other revenue to be between $1.1 billion and $1.2 billion in the fourth quarter. Compared to the same period last year, for the next six weeks, mainline domestic advance booked seat factor is down 1.2 points and mainline international advance booked seat factor is up 0.6 points. Mainline Atlantic advance booked seat factor is up 2.1 points, mainline Pacific advance booked seat factor is up 0.4 points and mainline Latin America advance booked seat factor is down 1.4 points. Regional advance booked seat factor is down 1.2 points. For the fourth quarter 2014, the Company expects consolidated cost per ASM, excluding profit sharing, fuel, third-party business expenses and special charges, to increase 1.25% to 2.25% year-over-year. The Company expects full-year 2014 consolidated CASM, excluding profit sharing, fuel, third-party business expenses and special charges, to increase 1.2% to 1.6% year over year. The Company estimates non-operating expense to be between $190 million and $220 million for the fourth quarter and between $693 million and $723 million for full-year 2014. The Company expects between $1.00 billion and $1.05 billion of gross capital expenditures in the fourth quarter and approximately $3.1 billion for full-year 2014, including net purchase deposits. The Company estimates that its pension expense will be approximately $130 million for full-year 2014. This amount excludes non-cash settlement charges related to lump-sum distributions. The Company expects to make approximately $290 million of cash contributions to its defined benefit pension plans in 2014.
08:04 EDTALKAlaska Air reports Q3 passenger revenue up 7%
Reports Q3 fuel efficiency increased 2.8%. Reports Q3 adjustd pretax margin of 21.8%.
08:03 EDTALKAlaska Air reports Q3 adjusted EPS $1.47, consensus $1.42
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07:39 EDTJBLUJetBlue sees Q4 CASM down 3%-1%, 2014 CASM up 1%-3%
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07:38 EDTJBLUJetBlue reports Q3 EPS 24c, consensus 26c
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07:34 EDTUALUnited Continental reports Q3 PRASM up 3.9%
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07:33 EDTUALUnited Continental reports Q3 EPS $2.75, consensus $2.68
Reports Q3 revenue $10.56B, consensus $10.56B
October 22, 2014
07:29 EDTJBLUJetBlue November volatility elevated into Q3 and outlook
JetBlue November call option implied volatility is at 48, December is at 47, January is at 46; compared to its 26-week average of 38 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 23.
October 21, 2014
11:02 EDTUALHertz, United Airlines upgrade partnership
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07:30 EDTUAL, JBLUU.S. airlines raise domestic one-way fares by $2 on average, Reuters reports
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October 20, 2014
09:36 EDTJBLUActive equity options trading on open
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