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January 24, 2014
08:39 EDTUAL, LUV, ALKAirines weakness a buying opportunity, says Cowen
Cowen views yesterday's weakness in the airlines as a buying opportunity. The firm believes the industry story remains intact and expects dividend increases, return of capital announcements, and international expansion to act as catalysts in the names they follow which include Outperform rated United Continental (UAL), Alaska Air (ALK), and Southwest Air (LUV).
News For UAL;ALK;LUV From The Last 14 Days
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November 20, 2015
18:52 EDTUALUnited Continental, ALPA reach agreement in principle to extend pilot contract
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November 16, 2015
17:10 EDTLUV, UALSoros took stake in Paypal, liquidated Herbalife stake
Soros Fund Management gave a quarterly update on its stakes in a filing this afternoon. NEW STAKES: Paypal (PYPL), CIT Group (CIT), Schlumberger (SLB), Kraft Heinz (KHC), and Amazon (AMZN). INCREASED STAKES: Allergan (AGN), Lions Gate (LGF), Energen (EGN), Southwest Airlines (LUV), and Qunar Cayman Islands (QUNR). DECREASED STAKES: LyondellBasell (LYB), YPF (YPF), Time Warner Cable (TWC), Dow Chemical (DOW), and Monsanto (MON). LIQUIDATED STAKES: Herbalife (HLF), Lennar (LEN), DR Horton (DHI), United Continental (UAL), and Nice Systems (NICE).
November 13, 2015
16:40 EDTLUVAppaloosa gives quarterly update on stakes
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November 10, 2015
11:43 EDTUALDoJ files suit to block United, Delta deal for Newark slots
The Department of Justice filed a civil antitrust lawsuit seeking to block a proposed transaction between United Continental Holdings (UAL) and Delta Air Lines (DAL) in order to preserve competition at Newark Liberty International Airport. The Antitrust Division's lawsuit, filed in the U.S. District Court for the District of New Jersey in Newark, New Jersey, alleges that United's planned acquisition of 24 takeoff and landing slots at Newark would increase United's already dominant position at the airport, and would strengthen a barrier that diminishes the ability of other airlines to challenge United at the airport. As a result, the 35M air passengers who fly into and out of Newark every year likely would face higher fares and fewer choices. According to the department's complaint, United already controls 73 percent of the slots the FAA has allocated to carriers at the airport - over 10 times more slots than its closest competitor. No other airline has more than 70 slots. The complaint also alleges that United "grounds" as many as 82 slots each day at Newark, depriving Newark passengers of flight options that would exist if the slots were flown. The complaint also details how consumers benefit when slots are held by United's airline rivals. In response to the department's concerns expressed during its review of the United/Continental merger in 2010, United divested its 36 slots at Newark to Southwest Airlines. United's then-CEO, Jeff Smisek, lauded the settlement as a "fair solution that would allow Continental and United to create an airline that will provide customers with an unparalleled global network and top-quality products and services, while enhancing domestic competition at Newark." Nevertheless, as alleged in the complaint, United's proposed acquisition of slots from Delta is United's third attempt to reverse the benefits of the 2010 divestiture by buying slots from its competitors at Newark. Reference Link
11:04 EDTUALDOJ seeks to block Delta, United deal for Newark slots, Bloomberg reports
05:43 EDTUALUnited Continental implied volatility of 34 at lower end of index mean range

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