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Stock Market & Financial Investment News

News Breaks
March 12, 2014
06:02 EDTLUV, JBLU, AAL, UAL, DALIATA 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
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April 23, 2015
12:52 EDTLUVSouthwest says sees 'record' profit performance in Q2
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12:51 EDTLUVSouthwest says revenue, booking trends 'solid' into Q2
Sees 2016 y/y fleet growth approx. 2%.
12:47 EDTLUVSouthwest sees FY15 CASM down 2% y/y
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12:42 EDTLUVSouthwest says sees 'strong' revenue passenger growth in April
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12:41 EDTLUVSouthwest sees April PRASM down approx. 2% y/y
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11:05 EDTUALBoeing says has received 10 new orders since last update
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11:01 EDTUALUnited Continental cuts FY15 capacity to 1%-2% from 1.5%-2.5%
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10:23 EDTLUVSouthwest says on track to add six international destinations later this year
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10:21 EDTLUVSouthwest sees FY15 ASMs up 7%
Southwest stated: "Our network optimization is producing strong financial results, and we are pleased with the performance of our markets under development. We continue to project roughly 700 aircraft by year-end, and an approximate 7% year-over-year increase in ASMs versus 2014. The full year effect of 2015's expansion is also estimated to increase 2016 ASMs approximately 5%, year-over-year, and we currently expect any further 2016 ASM year-over-year growth to be modest, with a focus on producing strong returns on our investments. Our incremental fleet growth in 2016 is currently expected to approximate two percent, compared with 2015."
10:20 EDTLUVSouthwest sees Q2 unit costs to decline 1%-2%, FY15 unit costs down 2%
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10:18 EDTLUVSouthwest says strong trends continued in April, Q2 comps more challenging
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08:24 EDTLUVSouthwest reports Q1 economic fuel costs were $2.00 per gallon
Expects Q2 economic fuel costs to approximately $2.00 per gallon.
08:23 EDTLUVSouthwest to complete remaining $80M under share repurchase authorization
The company expects to complete the repurchase of the remaining $80M under our existing $1B share repurchase authorization next month.
08:22 EDTLUVSouthwest reports Q1 EPS excluding items 66c, consensus 65c
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07:34 EDTUALUnited Continental backs annual CapEx guidance of $2.7B-$2.9B over 3-4 years
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07:34 EDTUALUnited Continental announces refinement to fleet plan
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07:33 EDTUALUnited Continental reports Q1 passenger revenue up 0.5% to $7.4B
Consolidated revenue passenger miles increased 0.1 percent and consolidated available seat miles increased 0.1 percent year-over-year for the first quarter, resulting in a first-quarter consolidated load factor of 81.1 percent.
07:32 EDTUALUnited Continental reports Q1 PRASM up 0.4%
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07:31 EDTUALUnited Continental reports Q1 EPS $1.52, consensus $1.44
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07:17 EDTAALSenate Commerce, Science & Transportation Committee to hold a hearing
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