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Stock Market & Financial Investment News

News Breaks
July 28, 2014
13:34 EDTBA, LUVFAA seeks $12M civil penalty against Southwest Airlines
The U.S. Department of Transportation’s Federal Aviation Administration is proposing a $12M civil penalty against Southwest Airlines (LUV) for failing to comply with Federal Aviation Regulations in three separate enforcement cases related to repairs on Boeing (BA) 737 jetliners operated by the Dallas-based airline. The FAA alleges that beginning in 2006, Southwest conducted so-called “extreme makeover” alterations to eliminate potential cracking of the aluminum skin on 44 jetliners. The FAA conducted an investigation that included both the airline and its contractor, Aviation Technical Service of Everett, Wash. Investigators determined that ATS failed to follow proper procedures for replacing the fuselage skins on these aircraft. FAA investigators also determined that ATS failed to follow required procedures for placing the airplanes on jacks and stabilizing them. All of the work was done under the supervision of Southwest Airlines, which was responsible for ensuring that procedures were properly followed. Southwest returned the jetliners to service and operated them when they were not in compliance with Federal Aviation Regulations, the FAA alleges. Southwest Airlines has 30 days from the receipt of the FAA’s Civil Penalty letter to respond to the allegations.
News For LUV;BA From The Last 14 Days
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January 23, 2015
05:53 EDTLUVSouthwest price target raised to $64 from $48 at Imperial Capital
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January 22, 2015
16:27 EDTLUVOn The Fly: Closing Wrap
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13:47 EDTLUVSouthwest says interested in possible flights to Cuba
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13:35 EDTLUVSouthwest says 'well-protected' by hedging program through 2017
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12:56 EDTLUVSouthwest sees flat PRASM growth in Q1
Sees January PRASM "down slightly," y/y. Sees full year fuel cost at $1.95-$2.05 per gallon, and says would save $1.7B on fuel at those prices. Expects to participate in 90% of fuel price fall in 2015. Says continues to generate strong free cash flow. Sees 2015 CASM down 1%-2%, ex-fuel, items, profit sharing. Sees 2015 CapEx $1.6B-$1.7B. Says "couldn't be more thrilled" with close of 2014. Comments from company's Q4 earnings conference call.
12:39 EDTLUVSouthwest says earnings outlook 'superb,' business remains 'strong, steady'
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12:28 EDTLUVOn The Fly: Midday Wrap
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11:57 EDTLUVAirline rally continues after companies report results
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09:16 EDTLUVOn The Fly: Pre-market Movers
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08:34 EDTLUVSouthwest sees Q1 economic fuel costs to be $1.90 per gallon
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08:33 EDTLUVSouthwest sees Q1 passenger revenue to grow in line with expected 6% increase
08:32 EDTLUVSouthwest reports Q4 revenue per available seat mile up 2%
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08:31 EDTLUVSouthwest reports Q4 EPS excl items 59c, consensus 55c
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January 21, 2015
15:27 EDTLUVNotable companies reporting before tomorrow's open
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12:48 EDTBABoeing exec sees demand for 737 MAX, 777, despite oil slump, Reuters says
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06:23 EDTBAUnited may switch Boeing 787 Dreamliner order to larger 777-300ERs, WSJ says
United Continental (UAL) is close to a deal to change at least 10 of its Boeing (BA) 787 Dreamliners that are on order to 777-300ER jetliners, which are larger, The Wall Street Journal reports, citing two sources. The deal is in the process of being finalized, the sources say, and would help preserve Boeing's production rates and transition to the 777x. Reference Link
January 20, 2015
15:36 EDTLUVSouthwest volatility elevated into Q4
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13:33 EDTBABoeing selected to build satellite by New York Broadband LLC
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08:21 EDTBAGlobal Eagle to offer connectivity in Boeing 737 airplanes
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06:39 EDTLUVU.S. airlines may buy back shares amid cheap oil, WSJ reports
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