New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:02 EDTJBLU, DAL, AAL, LUV, UALIATA cuts global airline profit forecast for 2014 to $18.7B
The International Air Transport Association announced that the airline industry remains on track to deliver a second consecutive year of improved profitability. This is despite a slight downward revision to its industry outlook for 2014 to an industry profit of $18.7B from the previously forecast $19.7B. The main driver of the downward revision is higher oil prices which are now expected to average $108.0/barrel which is $3.5/barrel above previous projections. The $3B added cost on the industry’s fuel bill is expected to be largely offset by stronger demand, especially for cargo, which is being supported by a strengthening global economy. Overall industry revenues are expected to rise to $745B, $2 billion greater than previously projected. “In general, the outlook is positive. The cyclical economic upturn is supporting a strong demand environment. And that is compensating for the challenges of higher fuel costs related to geo-political instability. Overall industry returns, however, remain at an unsatisfactory level with a net profit margin of just 2.5%,” said Tony Tyler, IATA’s Director General and CEO. Publicly traded companies in the space include American Airlines (AAL), Delta Air Lines (DAL), JetBlue (JBLU), Southwest (LUV) and United Continental (UAL).
News For JBLU;DAL;AAL;LUV;UAL From The Last 14 Days
Check below for free stories on JBLU;DAL;AAL;LUV;UAL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
September 17, 2014
05:20 EDTUALRepublic Airways to expand regional jet operations with United Airlines
Republic Airways (RJET) announced that it has reached an agreement to amend its existing Shuttle America E-Jet capacity purchase agreement, or CPA, with United Airlines (UAL) to add 50 new Embraer 76-seat E175 aircraft. The duration of each aircraft under the E-Jet CPA will be 12 years. As a part of the amendment, Shuttle and United have agreed to extend the duration of the term of the agreement for the existing 38 E170 aircraft, with new expiration dates ranging from September of 2019 through December of 2022. Republic also reached an agreement with United to amend its Q400 CPA allowing for a wind-down schedule beginning in January 2015 and ending in September 2016. Republic Airlines currently operates 31 Q400 aircraft under the Q400 CPA. Republic has entered into a sublease with Flybe Limited, a UK airline, for 24 Q400 aircraft, with deliveries to Flybe coordinated with the removal of the aircraft from United service. The remaining Q400 aircraft will be sold, leased or returned to the lessor after removing them from United service.
September 16, 2014
14:01 EDTUALUnited Airlines maintenance instructors ratify new joint labor agreement
United announced that the company's 48 maintenance instructors, represented by the International Association of Machinists & Aerospace Workers (have ratified a new joint labor agreement. United has now achieved joint collective bargaining agreements with a majority of its represented work force, including pilots, dispatchers, fleet service, passenger service, reservations and storekeeper work groups. The company is engaged in expedited negotiations with the AFA and is in mediation with the International Brotherhood of Teamsters (IBT), representing United's technicians.
10:46 EDTJBLUJetBlue weakness a buying opportunity, says CRT Capital
CRT Capital said recent JetBlue weakness is a buying opportunity. The firm said JetBlue has superior growth and margins and expects 2015 ancillary revenue programs to be successful. Shares are Buy rated with a $14 price target.
06:37 EDTUALUnited Continental, flight attendants reach buyout agreement
United Airlines and the Association of Flight Attendants yesterday announced that United will offer its Flight Attendants an Enhanced Early Out Program, which allows participants a one-time opportunity to voluntarily separate from the company and receive a severance payment. United also announced that it is recalling all Flight Attendants who are on voluntary and involuntary furlough. United will offer lump sum payouts of up to $100,000 for Flight Attendants who apply for the early out and meet certain service and eligibility qualifications, and the company will award early outs in seniority order. United has more than 23,000 flight attendants.
September 15, 2014
15:13 EDTJBLUJetBlue weakness a buying opportunity, syas Cowen
Subscribe for More Information
13:19 EDTLUVSouthwest says 'very solid' revenue trends in place for September
Subscribe for More Information
09:59 EDTJBLUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:23 EDTJBLUJetBlue downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
07:42 EDTAAL, LUVMorgan Stanley to hold a conference
Subscribe for More Information
September 12, 2014
12:20 EDTLUVSouthwest Airlines announces new service to San Jose, Costa Rica
Southwest Airlines announced earlier that it has filed an application with the U.S. Department of Transportation to add its first destination in Central America with daily roundtrip service between Baltimore/Washington Thurgood Marshall International Airport and Juan Santamaria International Airport in San Jose, Costa Rica, beginning March 7, 2015. Costa Rica will be the sixth near-international country served by Southwest Airlines from its U.S. gateway cities.
September 11, 2014
14:17 EDTJBLUJetBlue reports preliminary August traffic increased 6.7%
Subscribe for More Information
September 10, 2014
10:03 EDTAALAmerican Airlines to use electronic flight attendent manuals
Subscribe for More Information
09:09 EDTJBLU, LUVSouthwest added to Stifel Select List at Stifel
Stifel added Southwest (LUV) to its Stifel Select List and increased its price target on the stock to $55 from $30. The firm raised its estimates for the company based on stronger than expected revenue performance through the first two months of Q3 and a more favorable outlook for CASM in 2015. Additionally, the firm expects the company to introduce baggage fees, possibly within two years, in the wake of JetBlue's (JBLU) decision to do so. Stifel keeps a Buy rating on Southwest.
September 9, 2014
10:10 EDTLUV, UAL, JBLU, DAL, AALOn the Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AMC Entertainment (AMC) initiated with a Hold at Topek... AMRI (AMRI) initiated with an Overweight at JPMorgan... Alcoa (AA) initiated with an Outperform at Bernstein... Alumina (AWC) initiated with a Market Perform at Bernstein... American Airlines (AAL) initiated with an Outperform at Credit Suisse... Catalent (CTLT) initiated with a Buy at BofA/Merrill... Chimerix (CMRX) initiated with a Buy at Cantor... Delta Air Lines (DAL) initiated with an Outperform at Credit Suisse... Enable Midstream (ENBL) initiated with an Outperform at BMO Capital... Enbridge Energy (EEP) initiated with a Market Perform at BMO Capital... Endocyte (ECYT) initiated with a Buy at Cantor... EnerNOC (ENOC) initiated with an Outperform at Pacific Crest... Enterprise Products (EPD) initiated with an Outperform at BMO Capital... Good Times Restaurants (GTIM) initiated with a Buy at Roth Capital... JetBlue (JBLU) initiated with an Underperform at Credit Suisse... Kinder Morgan Energy (KMP) initiated with a Market Perform at BMO Capital... MEI Pharma (MEIP) initiated with a Buy at Cantor... ONEOK Partners (OKS) initiated with a Market Perform at BMO Capital... Southwest (LUV) initiated with a Neutral at Credit Suisse... Spectra Energy Partners (SEP) initiated with an Outperform at BMO Capital... TC PipeLines (TCP) initiated with a Market Perform at BMO Capital... TECO Energy (TE) initiated with a Neutral at Citigroup... Targa Resources Partners (NGLS) initiated with a Market Perform at BMO Capital... United Continental (UAL) initiated with an Outperform at Credit Suisse... Weibo (WB) initiated with a Buy at T.H. Capital... Williams Partners (WPZ) initiated with a Market Perform at BMO Capital.
09:12 EDTAALOn The Fly: Pre-market Movers
Subscribe for More Information
09:00 EDTLUVSouthwest reports August traffic up 4.9%
Southwest Airlines flew 9.6B revenue passenger miles, or RPMs, in August, a 4.9% increase from the 9.2B RPMs flown in August 2013. Available seat miles, or ASMs, remained relatively flat compared to the August 2013 level of 11.3B. The August 2014 load factor was 85.5%, compared to 81.3% in August 2013. For August 2014, passenger revenue per ASM is estimated to have increased in the 5%-6% as compared to August 2013.
08:04 EDTAALAmerican Airlines reports August total revenue passenger miles of 20B
Total capacity was 23.7B available seat miles, up 1.1% versus August 2013. Total passenger load factor was 84.6% for the month of August, down 0.9 points versus August 2013. The company expects its third quarter consolidated passenger revenue per available seat mile to be flat to up approximately 2% versus the same period last year. In addition, the company expects its third quarter 2014 pre-tax margin excluding special items to be between 10%-12%.
05:40 EDTUAL, LUV, AAL, JBLU, DALU.S. Airline sector initiated with an Overweight at Credit Suisse
Subscribe for More Information
05:36 EDTJBLUJetBlue initiated with an Underperform at Credit Suisse
Credit Suisse expects JetBlue will disappoint given high expectations around the company's strategy change. The firm started shares with an Underperform rating and $11 price target.
05:33 EDTUALUnited Continental initiated with an Outperform at Credit Suisse
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use