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March 17, 2014
07:40 EDTEADSY, LUV, JBLU, BA, AAL, UAL, DALKPMG sees fleet refreshes driving airline competition, FT says
Consultancy group KPMG said in a research report that it expects the "unprecedented" number of new aircraft due to come into service driving greater competition between airlines, which could result in cheaper air fares, reported Financial Times. Boeing (BA) and Airbus (EADS) are the two largest makers of commercial airplanes, while publicly traded airline operators include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL). Reference Link
News For JBLU;DAL;AAL;LUV;UAL;BA;EADSY From The Last 14 Days
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January 15, 2015
10:06 EDTUALUnited Continental sees special charges of $226M in Q4
The company said in a filing that it expects to record special charges of $226M, or $232M before income taxes, for Q4. he company recorded $141M of costs related primarily to a voluntary early-out program for its flight attendants. More than 2,500 participants elected a one-time opportunity to voluntarily separate from the company and will receive a severance payment, with a maximum value of $100,000 per participant, based on years of service, with retirement dates from Nov. 30, 2014 through the end of 2015. The company will record additional expense associated with this program through 2015 over the remaining required service periods. The company recorded a charge of $16M related to its annual assessment of impairment of its indefinite-lived intangible assets. On Oct. 10, 2014, United used cash to retire, at par, the entire $248M principal balance of the 6% Convertible Junior Subordinated Debentures and the 6% Convertible Preferred Securities, Term Income Deferrable Equity Securities. The $53M expense is primarily associated with the write off of non-cash debt discounts recorded on the TIDES due to purchase accounting during the merger with Continental Airlines in 2010.
09:07 EDTBAAstro-Med reaches deal with Donghai for flight deck printers
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08:20 EDTUALUnited Continental upgraded to Neutral from Underperform at BofA/Merrill
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07:19 EDTBABoeing and Air Europa announce order for 14 787-9 Dreamliners
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January 14, 2015
14:20 EDTDALDelta planning daily service between Los Angeles and Shanghai pending approval
Delta Air Lines plans to begin daily nonstop service between Los Angeles International Airport and Shanghai-Pudong Airport on July 9, 2015, pending U.S. Department of Transportation and foreign government approval. The Los Angeles market makes up 25% of all U.S.-Asia demand, and the start of Shanghai service marks Delta's fourth daily nonstop flight to the Asia-Pacific region in addition to Tokyo-Narita, Tokyo-Haneda and Sydney.
13:49 EDTDALDelta Air Lines January weekly volatility elevated into Q4
Delta Air Lines January weekly call option implied volatility is at 49, February is at 43, March is at 45; compared to its 26-week average of 37 according to Track Data, suggesting large near term price movement into the expected release of Q4 in January 20.
January 13, 2015
16:46 EDTJBLUJetBlue reports preliminary December traffic up 5.6%
Traffic in December increased 5.6% from December 2013, on a capacity increase of 7.2%. Load factor for December 2014 was 81.6%, a decrease of 1.3 points from December 2013. JetBlue's preliminary completion factor was 99.5% and its on-time performance was 80.3%. JetBlue's preliminary passenger revenue per available seat mile for the month of December decreased 6% year over year. For the fourth quarter 2014, PRASM is expected to be relatively flat compared to last year.
16:09 EDTBABoeing says Campbell to lead 737 program, Zaback to head 767 program
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11:02 EDTDALDelta unveils next phase of Terminal 4 expansion at JFK airport
Delta Air Lines, the Port Authority of New York and New Jersey, and JFK International Air Terminal unveiled the next phase of a Terminal 4 expansion at John F. Kennedy International Airport. The $175M project adds 11 gates and 75,000 square feet to Terminal 4's Concourse B and continues Delta's $1.2B investment to enhance and expand the terminal. Delta will be relocating a majority of its Delta Connection flights at JFK from Terminal 2 to the expanded Concourse B in Terminal 4.
07:40 EDTBACommercial aircraft demand outlook still positive, says Bernstein
Bernstein continues to have a positive outlook on commercial aircraft demand for 2015, as the firm does not see $50 Brent oil as a negative for the sector unless the price stays below that level for the long-term. Bernstein thinks the general demand outlook for the sector is positive, and it identifies Boeing (BA) and United Technologies (UTX) as two of its favorite names in the space.
06:50 EDTBA, EADSYBoeing, Airbus could be hurt by oil tumble, NY Times says
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06:16 EDTEADSYChina Aircraft Leasing firms up order for 100 Airbus A320 Family aircraft
China Aircraft Leasing Company firmed up its contract in December 2014 with Airbus for 100 A320 Family aircraft. The order comprises 74 A320neo, 16 A320ceo and 10 A321ceo. Including this new order, CALC’s total backlog with Airbus stands at 140 A320 Family aircraft.
06:12 EDTEADSYAirbus to equip long-haul jets with floatable black boxes, AFP reports
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05:29 EDTBABoeing records $232.7B in commercial net in orders in 2014
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January 12, 2015
18:24 EDTBASymantec acquires staff, licenses from Boeing's Narus, WSJ reports
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11:08 EDTAALEMC says Elliott agrees to certain limited standstill provisions through Sept.
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08:46 EDTLUVSouthwest reports December RPMs up 2.8% to 9.2B
Southwest announced that the company flew 9.2B revenue passenger miles in December 2014, a 2.8% increase from the 9B RPMs flown in December 2013. Available seat miles increased 2.9% to 11.2B from the December 2013 level of 10.8B . The December 2014 load factor was 82.7% compared with 82.8% in December 2013. For December 2014, passenger revenue per ASM is estimated to have decreased in the four to five percent range, as compared with December 2013. For the fourth quarter of 2014, the company flew 26.8B RPMs, compared with 25.7B RPMs flown for the same period in 2013, an increase of 4.3%. Fourth quarter 2014 ASMs increased 2.4% to 32.6B from fourth quarter 2013 ASMs of 31.9B . The fourth quarter 2014 load factor was 82%, compared with 80.4% for the same period in 2013. For fourth quarter 2014, PRASM is estimated to have increased in the one to two percent range, as compared with fourth quarter 2013.
08:05 EDTAALAmerican Airlines reports December total revenue passenger miles down 0.4%
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06:39 EDTBAAir Lease delivers eight Boeing 777-300ER aircraft this year
Air Lease (AL) announced that, pursuant to long term lease agreements, ALC will deliver eight new Boeing 777-300ER widebody aircraft to six different airlines in 2015, all from ALC's order book with Boeing (BA). The following airlines are scheduled to take delivery of these new ALC Boeing 777-300ERs in 2015: Air France, Emirates, Korean Air, EVA Air, KLM, and Ethiopian Airlines.
05:56 EDTAALAmerican Airlines price target raised to $92 from $72 at Imperial Capital
Imperial Capital raised its price target for American Airlines shares to $92 saying the company will continue to benefit from strong industry fundamentals, structural changes to legacy AMR and merger-related synergies. The firm says American remains its top pick in the airline space with an Outperform rating.
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