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Stock Market & Financial Investment News

News Breaks
December 28, 2012
06:23 EDTUAL, SKYW, JBLU, HA, AMR, DAL, LUV, ALK, LCCAirline insurance claims fall as accidents are at record lows, Bloomberg reports
This year, airline insurance claims for plane accidents will fall below $1B billion, the first time since 1991 as passenger fatalities and aircraft destroyed were at record lows, according to advisory firm Ascend estimates, reports Bloomberg. Claims for aircraft losses and legal liabilities this year will total about $980M, or $300M less than in 2011, Ascend said. Claims are almost half the $1.8B in premiums written in the period, it said. Reference Link
News For JBLU;LCC;DAL;SKYW;ALK;AMR;UAL;LUV;HA From The Last 14 Days
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May 14, 2015
06:14 EDTDAL, JBLU, LUV, UALQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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May 13, 2015
19:42 EDTDALDelta Air Lines shares can rise 50%, Barron's says
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15:51 EDTLUVSouthwest, Meteorologists reach tentative contract agreement
Southwest Airlines and the Transport Workers Union of America 550, which represents the company's Meteorologists, announce they have reached a tentative agreement on the group's first-ever contract. Terms of the four-year deal include adjusted wage-scale step increases, as well as opportunities for bonuses that are linked to individual and company performances. The agreement carries an amendable date of June 1, 2019, and is subject to membership ratification.
12:39 EDTDALOn The Fly: Top stock stories at midday
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11:20 EDTLUVSouthwest CEO says balance sheet, liquidity remain strong
Gary Kelly, Chairman of the Board, President, and CEO, stated: "Our balance sheet and liquidity remain strong with cash and short-term investments of approximately $3.2 billion, and a fully available unsecured revolving credit line of $1 billion. We remain the only investment grade U.S. airline by all three credit agencies. Our debt levels are modest, and we continue to prudently manage our invested capital."
11:18 EDTLUVSouthwest sees FY15 ASM growth approximately 7%; FY16 ASM growth 6%-7%
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11:15 EDTLUVSouthwest sees FY15 CapEx approximately $1.8B
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11:12 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
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11:10 EDTLUVSouthwest raises dividend 25%, announces new $1.5B share repurchase plan
09:56 EDTDALEquity options with increasing volume
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09:50 EDTDALDelta Air Lines rallies after boosting dividend, buyback program
Shares are up over 3.5% to $47.72 at time of writing. At that price next resistance is at $49.19. Support is at $47.28.
09:34 EDTDALDelta Air Lines raises 2015-2017 EPS growth outlook to 15%-plus
Delta Air Lines in presentation slides raised its 2015-2017 earnings growth outlook to 15%-plus from 10%-15%. Delta raised its 2015-2017 operating margin guidance to 14%-16% from 11%-14%. It sees return on invested capital 20%-25% versus a prior outlook of 15%-18%. The airliner also raised its operating cash flow outlook to $7B-$8B from $6B. "Strong progress drives the third upward revision to our targets in three years," Delta said in the slides. It added, "Strong operating cash flow, combined with disciplined capital spending, produces sustainable free cash flow of $4-5 billion annually."
09:21 EDTDALOn The Fly: Pre-market Movers
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07:13 EDTJBLU, DALBofA/Merrill to hold a conference
2015 Transportation Conference is being held in Boston on May 13-14.
07:04 EDTDALDelta Air Lines to return additional $6B to shareholders through 2017
Delta's board announced a new $5B share repurchase program, to be completed no later than December 31, 2017. In addition, the company's quarterly dividend will increase by 50% to 13.5c per share beginning in the September 2015 quarter. These two programs are expected to return more than $6B to shareholders through 2017. The company also announced that it is on track to complete the remaining $725M of its prior $2 billion share repurchase authorization by June 30. When this authorization is completed, Delta will have returned a total of $3B in dividends and share repurchases since announcing its initial program two years ago. Going forward, the company intends to return at least 50% of free cash flow to shareholders through 2017. The new $5B repurchase authorization and 50% increase to the quarterly dividend approved by Delta's board are expected to return more than $6B to shareholders through 2017. Delta ended the March 2015 quarter with $7.4B of adjusted net debt, a reduction of $2B since the end of 2013 and roughly $10B since the company began its debt reduction efforts in 2009. The company has set a target to achieve and maintain $4B of adjusted net debt by year end 2017. This debt level is expected to result in annual net interest expense of ~$200M, a $1.1B reduction compared to 2009. Since 2009, Delta has increased its pension plan assets by $1.7 billion, net of $5.2 billion in distributions, through a combination of contributions and asset returns. The company plans to maintain its current $1 billion annual funding level through 2020, with a goal of achieving 80% funded status by that date. Delta made a one-time additional $200M contribution in 2015, for a total contribution of $1.2B for the year, to keep the company on track to achieve its 2020 target.
May 12, 2015
18:30 EDTLUVSouthwest pilots union begins strike preparedness, says 'time for a deal'
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16:08 EDTJBLUJetBlue reports April traffic up 9%
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May 11, 2015
16:00 EDTDALOptions Update; May 11, 2015
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08:02 EDTUALUnited removes autistic teen from flight, mother says will sue, ABC News says
An Oregon woman, her husband, and their autistic daughter were removed from a United Airlines flight to Portland after the plane made an emergency landing in Salt Lake City. The woman claims the flight crew discriminated against her daughter for being autistic and she intends to sue the airline, reports ABC News. Reference Link
07:28 EDTUALUnited Continental raises Q2 average fuel price per gallon view to $2.17-$2.22
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