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Stock Market & Financial Investment News

News Breaks
September 12, 2012
06:53 EDTSKYW, AAMRQSkyWest announces CPA agreement with American Airlines
SkyWest (SKYW) announced that it has signed a Capacity Purchase Agreement, or CPA, with American Airlines to operate 23 Bombardier CRJ200 regional jet aircraft under the American Eagle designation. SkyWest currently anticipates that it will commence its American flights on November 15, 2012, with all 23 aircraft being placed in service prior to end of Q1 of 2013. SkyWest intends to source the aircraft from its existing fleet where they have previously been operated in behalf of another major partner and anticipates that 12 of the aircraft will be flown by SkyWest Airlines and 11 aircraft will be flown by ExpressJet Airlines. SkyWest also anticipates that the American aircraft will be primarily operated out of Los Angeles International Airport and Dallas/Fort Worth International Airport. American Arilines is a unit of AMR Corp. (AAMRQ).
News For SKYW;AAMRQ From The Last 14 Days
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May 16, 2013
08:28 EDTAAMRQEU to decide on Delta, Virgin deal next month, Reuters reports
EU antitrust regulators will decide by June 20 whether to clear a bid by Delta Air Lines for a 49% stake in Virgin Atlantic, reports Reuters. Reference Link
May 10, 2013
06:47 EDTSKYW, AAMRQDelta says airlines have new priorities, NY Times reports
Delta Air Lines' bright, spacious new terminal at New York's Kennedy Airport reflects airlines' new emphasis on better amenities and service, Delta stated, according to the New York Times. The airlines, whose finances have improved, are no longer competing primarily based on price, the newspaper stated. Reference Link
06:46 EDTSKYWSkyWest reports April traffic for SkyWest, ExpressJet
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May 8, 2013
16:59 EDTAAMRQAMR Corp. reports April domestic RPM down 1.4% to 6.17M
Reports April International RPM down0.6% to 4.08M. Reports April Atlantic RPM down 4.8% to 1.49M. Reports April Latin America RPM up 4% to 2.02M. Reports April Pacific RPM down 4.7%. Reports April PRASM down 2.9%. Reports April consolidated traffic down 1.1%.
06:48 EDTSKYWSkyWest reports Q1 EPS 6c, consensus 2c
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05:44 EDTAAMRQ, SKYWU.S. airlines' restructuring means less routes, WSJ reports
A decade of restructuring in the U.S. airline industry has resulted in a sharp reduction in air service that is curtailing traveler choice and some local economies even as it improves the industry's health, an MIT study shows, reports the Wall Street Journal. From 2007 through last year, U.S. airlines cut the number of scheduled domestic flights by 14%. The number of seats offered fell by slightly less, as airlines pushed passengers onto bigger planes, says the study. Reference Link

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