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Stock Market & Financial Investment News

News For JBLU;LCC;DAL;SKYW;ALK;AMR;UAL;LUV;HA From The Last 14 Days
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August 4, 2015
14:01 EDTDALGogo, Delta could consider 2Ku 'alliance,' Runway Girl Network says
Noting that Delta (DAL) has been a "very strong" customer for Gogo (GOGO) and may have played a role in the companies deals with Delta partners GOL Linhas (GOL) and Virgin, Runway Girl Network speculated on whether Delta and Gogo could create "a 2Ku allianceĒ for subscription pricing and to allow customers to fly across the Americas while maintaining a "consistent connectivity experience." Reference Link
09:07 EDTDALDelta Air Lines reports July PRASM down 3%
Consolidated passenger unit revenue for the month of July decreased 3% year over year, with pressure from foreign exchange, lower surcharges in international markets, and continued yield pressure in select domestic markets. Reports July mainline completion factor of 99.9%, and July on-time performance of 84.2%. Reports July Total traffic up 4.7% to 20.91M RPMs. Reports July 23.77M ASMs. Reports July load factor up 0.4 percentage points to 87l.9%. Reports 17.1M passengers boarded in July.
08:32 EDTUALUnited Continental names Geral Laderman as acting CFO
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08:31 EDTUALPayPal names John Rainey as CFO, effective August 24
PayPal Holdings (PYPL) announced John D. Rainey is joining the digital payments leader as its new CFO, effective August 24, 2015. Rainey joins PayPal from United Continental Holdings (UAL), where he was Executive Vice President and CFO at United Airlines. Rainey will lead PayPalís financial operations, regional finance teams and investor relations. He will report directly to Schulman. He will succeed Patrick Dupuis, who has served as PayPalís CFO for five years.
08:02 EDTALKAlaska Air reports 6.4% increase un July traffic
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06:06 EDTDALDelta Air Lines implied volatility of 31 at lower end of index mean range
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August 3, 2015
16:45 EDTUAL, DALOn The Fly: Top stock stories for Monday
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July 31, 2015
12:59 EDTLUVSouthwest Airlines 'cooperating fully' with DOJ in CID
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12:11 EDTSKYWOn The Fly: Top stock stories at midday
The Wall Street averages began the session slightly lower, soon turned mixed and have all returned to positive ground near midday. The Nasdaq has been the strongest of the indexes throughout. The S&P 500 is trying to hold onto its gain of about 1.5% for the month as July comes to a close. ECONOMIC EVENTS: In the U.S., the employment cost index for the second quarter increased 0.2%, versus expectations for an increase of 0.6%. The Chicago PMI business barometer index bounced to 54.7 in July, topping the expected reading of 50.8. The final reading of the University of Michigan consumer confidence index for July came in at 93.1, which was down from the 93.3 flash reading and below the 94 that was expected. In Europe, Athex stated that the Athens Stock Exchange will reopen on August 3. COMPANY NEWS: Shares of Exxon Mobil (XOM) and Chevron (CVX) declined 2.9% and 3.6%, respectively, after both energy majors reported lower than expected earnings due to falling oil prices. Exxon noted that its Downstream and Chemical segment earnings increased significantly from the second quarter of last year, but that those higher earnings were more than offset by the impact of weaker Upstream realizations and lower asset management gains. Chevron, meanwhile, recorded impairments of $1.96B and other charges of approximately $670M relating to project suspensions and adverse tax effects, all of which stemmed from a downward revision in the companyís longer-term crude oil price outlook. MAJOR MOVERS: Among the notable gainers was Coca-Cola Enterprises (CCE), which rose 13% after the Wall Street Journal reported that the company is in advanced merger talks with Coca-Cola bottlers for Germany and the region of Spain, Portugal and Andorra. Also higher following their earnings reports were MoneyGram (MGI), which gained 27%, Expedia (EXPE), which added 10%, and SkyWest (SKYW), which rallied 20%. Among the noteworthy losers was FireEye (FEYE), which fell 5% after reporting quarterly results and announcing that CFO Michael Sheridan intends to leave the company. Also lower following their earnings reports were Ocwen Financial (OCN), which fell 28.5%, and Hanesbrands (HBI), which dropped 10%. INDEXES: Near midday, the Dow was up 10.36, or 0.06%, to 17,756.34, the Nasdaq was up 18.60, or 0.36%, to 5,147.38, and the S&P 500 was up 3.98, or 0.19%, to 2,112.61.
10:02 EDTSKYWOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ACE Limited (ACE) upgraded to Outperform at Bernstein on Chubb deal potential... Aixtron (AIXG) upgraded to Outperform from Neutral at Exane BNP Paribas... Anglo American (AAUKY) upgraded to Neutral from Underperform at Exane BNP Paribas... Antero Resources (AR) upgraded to Buy from Accumulate at KLR Group... Autoliv (ALV) upgraded to Outperform from Neutral at Credit Suisse... Barrick Gold (ABX) upgraded to Hold from Sell at Canaccord... California Water Service (CWT) upgraded to Buy from Neutral at Hilliard Lyons... Calpine (CPN) upgraded to Buy from Hold at Evercore ISI... CenturyLink (CTL) upgraded to Hold from Underperform at Jefferies... China Unicom (CHU) upgraded to Hold from Reduce at HSBC... Chubb (CB) upgraded to Outperform from Market Perform at Bernstein... Delphi (DLPH) upgraded to Buy from Outperform at CLSA... Diebold (DBD) upgraded to Outperform from Neutral at Wedbush... Discovery (DISCA) upgraded to Neutral from Sell at UBS... Eldorado Gold (EGO) upgraded to Buy at Canaccord... GoPro (GPRO) upgraded to Buy with $90 price target at Citi... Guidance Software (GUID) upgraded to Buy from Hold at Gabelli... H&E Equipment (HEES) upgraded to Buy from Neutral at UBS... Integra LifeSciences (IART) upgraded to Overweight from Neutral at JPMorgan... Lenovo (LNVGY) upgraded to Hold from Underperform at Jefferies... Methanex (MEOH) upgraded to Buy from Hold at TD Securities... Molina Healthcare (MOH) upgraded on strong results at Stifel... NCI, Inc. (NCIT) upgraded to Outperform from Market Perform at Cowen... Nationstar (NSM) upgraded to Market Perform from Underperform at FBR Capital... NetScout (NTCT) upgraded at Sterne Agee CRT... Pacira (PCRX) upgraded to Neutral from Underperform at BofA/Merrill... Premiere Global (PGI) upgraded to Strong Buy from Outperform at Raymond James... Regal Entertainment (RGC) upgraded to Outperform from Neutral at Wedbush... ResMed (RMD) upgraded to Overweight from Equal Weight at Morgan Stanley... RingCentral (RNG) upgraded to Strong Buy from Outperform at Raymond James... Robert Half (RHI) upgraded to Buy from Hold at Jefferies... SkyWest (SKYW) upgraded to Buy from Hold at Evercore ISI... Stratasys (SSYS) upgraded to Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Buy from Hold at Argus... Western Union (WU) upgraded to Equal Weight from Underweight at Barclays... Yahoo Japan (YAHOY) upgraded to Buy from Hold at Jefferies... eHealth (EHTH) upgraded to Neutral from Underperform at BofA/Merrill.
09:25 EDTSKYWOn The Fly: Pre-market Movers
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06:03 EDTSKYWSkyWest upgraded to Buy from Hold at Evercore ISI
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July 30, 2015
20:04 EDTLUV, JBLU, DAL, UALUnited Continental CEO rejects criticism of high airline fees, Reuters says
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19:35 EDTSKYWOn The Fly: After Hours Movers
UP AFTER EARNINGS: YRC Worldwide (YRCW), up 17.7%... SkyWest (SKYW), up 11.5%... Zeltiq Aesthetics (ZLTQ), up 9%... Columbia Sportswear (COLM), up 11%... Expedia (EXPE), up 7.9%... Ellie Mae (ELLI), up 7%... Comfort Systems (FIX), up 6.2%... DigitalGlobe (DGI), up 5%... Fiesta Restaurant Group (FRGI), up 8%... Amgen (AMGN), up 1.9%. ALSO HIGHER: Juno Therapeutics (JUNO), up 1.7% after getting FDA clearance for IND application for JCAR015... Priceline (PCLN), up 1.5% following Expedia's quarterly results... Coca-Cola Enterprises (CCE), up 9.6% after the Wall Street Journal reported that the company is in advanced talks with Coca-Cola bottlers... Endurance Specialty (ENH), up 2.6% after being added to the S&P MidCap 400. DOWN AFTER EARNINGS: Oculus (OCLS), down 17%... Computer Programs (CPSI), down 11.9%... Outerwall (OUTR), down 9.2%... FireEye (FEYE), down 5.2% after reporting quarterly results and that CFO Michael Sheridan intends to leave the company... Hanesbrands (HBI), down 8.5%... Solazyme (SZYM), down 8.8%... Boston Beer (SAM), down 5.2%... Ocwen Financial (OCN), down 10.7%... LinkedIn (LNKD), down 4.5%... Electronic Arts (EA), down 3.2%.
16:18 EDTSKYWSkyWest reports Q2 EPS 61c, consensus 26c
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11:51 EDTDALStocks with call strike movement; DAL NOV
Delta Air Lines (DAL) January 50 call option implied volatility increased 3% to 33, National Oilwell (NOV) January 50 call option implied volatility increased 2% to 31 according to IVolatility.
10:00 EDTLUVOn The Fly: Analyst Upgrade Summary
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06:33 EDTLUVSouthwest upgraded to Overweight from Neutral at JPMorgan
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July 29, 2015
08:35 EDTUALUnited computers said to be breached by hackers, Bloomberg reports
United Airlines (UAL) detected a breach of its computer systems in May or early June, reported Bloomberg, citing several people familiar with an investigation into the matter. The cyberattack on United has been linked to the China-backed hackers said to be responsible for several other large incursions, including thefts of data from the U.S. Office of Personnel Management and health insurer Anthem (ANTM), according to several of the people who talked to Bloomberg. Publicly traded companies in the cybersecurity space include Barracuda (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC). Reference Link
06:05 EDTDALDelta Air Lines implied volatility of 32 at lower end of index mean range
July 28, 2015
16:25 EDTHAHawaiian Holdings sees Q3 cost per ASM ex-fuel up 2.5% to 5.5%
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16:21 EDTHAHawaiian Holdings reports Q2 EPS 61c, consensus 61c
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07:35 EDTJBLUJetBlue sees FY15 capacity increasing near higer end of 7%-9% view
Capacity is expected to increase between 7.0%-9.0% for the full year, consistent with prior guidance. "At present, we anticipate ending the year at the higher end of our annual capacity guidance," JetBlue said. CASM excluding fuel and profit sharing is expected to increase between zero and 1.5% percent for the full year. "This represents a 0.5% reduction to the top end of our CASM excluding fuel and profit sharing guidance range," JetBlue said.
07:33 EDTJBLUJetBlue sees Q3 capacity up 8.5%-10.5%
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07:32 EDTJBLUJetBlue reports Q2 EPS 44c, consensus 44c
Reports Q2 revenue $1.61B, consensus $1.62B. Revenue passenger miles for Q2 increased 8.7% to 10.5B on a capacity increase of 7.5%, resulting in a second quarter load factor of 85.6%, an increase of 1.0 points year over year. Yield per passenger mile in the second quarter was 14.28c, up 0.2% compared to the second quarter of 2014. Passenger revenue per available seat mile, or PRASM, for Q2 increased 1.4% year over year to 12.22c and operating revenue per available seat mile, or RASM increased 0.4% year over year to 13.17c.
06:21 EDTDALDelta Air Lines management to meet with UBS
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July 27, 2015
15:03 EDTJBLUNotable companies reporting before tomorrow's open
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07:35 EDTDALDelta Air Lines signs agreement to extend partnership with China Eastern
China Eastern Airlines and Delta Air Lines signed an agreement to expand their partnership and better connect Delta's global network with China Eastern, one of the leading airlines in China. The agreement will include a $450M investment by Delta to acquire a 3.55% stake in China Eastern. The partnership that will allow Delta and China Eastern to compete more effectively on routes between the U.S. and China, provide more travel options for customers in both countries and make joint investments in the customer experience.
July 24, 2015
15:40 EDTLUVSouthwest flight attendants reject tentative deal
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15:32 EDTDALDelta Air Lines raises dividend to 13.5c from 9c per share
Delta Air Lines' board declared a quarterly dividend of 13.5c per share. The dividend is payable to shareholders of record as of the close of business on August 7 and will be paid on August 28.
11:30 EDTUAL, LUV, JBLU, DALDOT requests airline pricing information following complaints of irregular fares
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10:00 EDTUALOn The Fly: Analyst Upgrade Summary
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07:08 EDTUALUnited Continental upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank upgraded United Continental with a $72 price target citing an improved outlook and higher share buyback program following the airliner's Q2 results. The firm views the stock as compelling at current levels.
06:02 EDTALKAlaska Air price target raised to $96 from $86 at Imperial Capital
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July 23, 2015
18:21 EDTLUVOn The Fly: Top stock stories for Thursday
Stocks began the session mixed on the heels of weak earnings reports from both Caterpillar (CAT) and 3M (MMM). The Nasdaq managed to spend most of the day in positive territory but joined the other averages in negative territory by mid-afternoon. Selling picked up momentum towards late afternoon, and by dayís end each of the averages were lower by more than 0.4%, with the Dow losing nearly 0.7%. ECONOMIC EVENTS: In the U.S., initial jobless claims fell to 255,000 in the week ended July 18, below the 278,000 first-time claims that were expected. The Leading Economic Indicators advanced 0.6% in June, exceeding expectations for a 0.3% increase. In Asia, the Shanghai Composite index advanced for a sixth straight session, adding another 2.4%. In Europe, the Greek Parliament voted to accept creditor terms for a new bailout, though a decision on when to reopen Greek financial markets was deferred to next week. COMPANY NEWS: Shares of General Motors (GM) finished the session up 3.96% to $31.50 after reporting earnings per share above analyst expectations. Other notable names rising following earnings reports include SanDisk (SNDK), Under Armour (UA), Southwest (LUV)... Caterpillar, meanwhile, dropped $2.86, or 3.59%, to $76.90 after cutting its yearly guidance during this morning's earnings report, with the company noting a "relatively stagnant" global economy. Also lower following earnings were Comcast (CMCSA, CMCSK), Bristol-Myers Squibb (BMY), Dunkin Brands (DNKN), and Boston Scientific (BSX). MAJOR MOVERS: Among the notable gainers was Cigna (CI), which rose $3.29, or 2.18%, to $154.36 after the Wall Street Journal reported last night that Anthem (ANTM) is nearing a deal to acquire the company for roughly $187, representing a total transaction value of over $48B. Adding to that report, CNBC's David Faber said on Thursday morning that Anthem will announce an agreement Friday to purchase Cigna for $188 per share, at a 45% equity, 55% cash split. Also higher were shares of numerous IT security companies, with FireEye (FEYE) advancing 4.53% and Palo Alto Networks (PANW) adding 2.33% after earnings reports from security firms Fortinet (FTNT) and F5 Networks (FFIV) beat on both top and bottom lines. Fortinet and F5, meanwhile, finished Thursday's session up 10.71% and 7.75% to $46.83 and $127.68, respectively. Among the noteworthy losers following earnings was McDonald's (MCD), which edged down 0.52% to $97.10 after noting that Q2 global comparable sales fell 0.7% for the quarter, including a 2% decline in U.S. same-store sales. Also lower was Hertz (HTZ), which declined 8.53% to $16.45 following a downgrade to Underweight at Morgan Stanley, with the research firm citing increased competition from Uber and similar mobility services. INDEXES: The Dow fell 119.12, or 0.67%, to 17,731.92, the Nasdaq lost 25.36, or 0.49%, to 5,146.41, and the S&P 500 declined 12.00, or 0.57%, to 2,102.15.
15:00 EDTLUV, UAL, JBLU, DALProposed bill would cut airline bag fees, Bloomberg reports
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13:50 EDTLUVSouthwest says feels like economy is 'strengthening a bit'
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13:25 EDTLUVSouthwest sets 2015 pre-tax ROIC goal to exceed 21% from 2014
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12:58 EDTLUVSouthwest says July, Q3 revenue trending up sequentially
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12:42 EDTLUVSouthwest says plans to end 2015 with about 700 aircraft
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12:37 EDTLUVSouthwest says looking for 'strong' revenue performance in Q3
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12:32 EDTLUVOn The Fly: Top stock stories at midday
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10:46 EDTUALUnited Continental sees Q3 CASM to be flat, FY15 CASM to be flat to up 0.5%
10:45 EDTUALUnited Continental says revenue hurt by oil and gas industry weakness
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10:45 EDTUALUnited Continental sees FY15 consolidated capacity to grow 1%-1.5%
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10:43 EDTUALUnited Continental reports Q2 corporate revenue down 5%
10:43 EDTUALUnited Continental sees Q3 unit revenue to decline 5%-7%
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10:37 EDTUALUnited Continental says Q2 was challenging due to weather, maintenance spike
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10:36 EDTUALUnited Continental expects Q3 pre-tax margin 13.5%-15.5%
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09:13 EDTLUVOn The Fly: Pre-market Movers
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08:15 EDTALKAlaska Air reports Q2 revenue passengers up 9.1% to 8.02M
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08:13 EDTALKAlaska Air reports Q2 adjusted EPS $1.76, consensus $1.73
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07:34 EDTUALUnited Continental announces additional $3B share repurchase program
Jeff Smisek, UAL's chairman, president and CEO, said, "The $3B share repurchase program we announced today demonstrates the confidence we have in our future. We will continue to invest in our customers, assets and our people, and remain committed to improving our balance sheet, expanding our margins and improving our return on invested capital, and expect our third quarter pre-tax margin to be between 13.5%-15.5%, excluding special items." The company expects to complete the additional $3B share repurchase program by the end of 2017.
07:32 EDTUALUnited Continental reports Q2 EPS ex-items $3.31, consensus $3.31
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07:16 EDTLUVChase Card Services, Southwest announce extension to co-branded card agreement
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07:15 EDTLUVSouthwest sees FY15 ASMs up 7%
Southwest said: "Overall, our network performance is exceptional. For this year, we are growing our ASMs approximately 7%, year-over-year. The annualized impact of our 2015 expansion is expected to contribute the majority of 2016's year-over-year capacity growth. As we continue to optimize our network, we are currently planning to grow our total 2016 ASMs in the 5%-6% range, year-over-year, with the goal to sustain strong margins and ROIC levels in line with 2015."
07:14 EDTLUVSouthwest sees Q3 unit revenues down 1%
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07:13 EDTLUVSouthwest reports Q2 EPS ex-items $1.03, consensus $1.02
Reports Q2 revenue $5.11B, consensus $5.14B. Reports year-over-year increase in available seat miles, or ASMs, of 7% and 84.6% load factor.
July 22, 2015
19:19 EDTDALDelta union leader to step down, AP says
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15:26 EDTUAL, LUVNotable companies reporting before tomorrow's open
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15:09 EDTLUVSouthwest technical preview ahead of earnings
The shares have been in a downtrend since March of this year, defined by the 50-day moving average as the downtrend resistance line. If the news is bearish, the downtrend could extend. Next supports to watch below the current price of $35 are at $32.62, $30.63, and $28.18. If the news is bullish, the 50-day is the first significant resistance level to watch on the upside, last at $35.71. A breakout above the 50-day would turn the short-term trend bullish with next resistance at $37.47. Additional resistance levels to watch as potential upside objectives would be at $38.75 and $39.51.
10:58 EDTLUVSouthwest July weekly volatility elevated into Q2 and outlook
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05:23 EDTHAAir Lease announces placement of additional new A330-200 with Hawaiian Airlines
Air Lease (AL) announced another long term lease agreement with Hawaiian Airlines (HA) for one additional new Airbus A330-200. This aircraft is from ALCís order book with Airbus and will deliver in Q2 of FY16.
July 21, 2015
18:40 EDTHAHawaiian Holdings to acquire three ATR 72 aircraft
Hawaiian Holdings, parent of Hawaiian Airlines, announced plans to acquire three ATR 72 turboprop aircraft in an all-cargo configuration to expand its interisland shipping services. The new operation will launch in the first half of 2016, starting with flights between Honolulu International Airport and Kona International Airport, Kahului Airport, Līhuʻe Airport and Hilo International Airport, with well-timed connections from Hawaiian Airlines' mainland and international network.
16:01 EDTHAHawaiian Holdings to acquire ATR 72 turboprop aircraft
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