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Stock Market & Financial Investment News

News Breaks
January 24, 2014
08:39 EDTALK, UAL, LUVAirines 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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May 20, 2015
09:24 EDTLUVSouthwest downgraded to Neutral from Buy at Buckingham
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09:02 EDTALKAlaska Air announces it reduced emissions intensity by 30% over past 10 years
Alaska Air has reduced its mainline flying emissions intensity by one-third over the last 10 years through fleet advancements and flight technology. These advances have avoided burning 531 million gallons of fuel since 2004 the equivalent of taking one million cars off the road for a year.
May 19, 2015
17:49 EDTLUVSouthwest CFO sees Q2 PRASM declining 3%
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08:23 EDTUALSenate Commerce, Science & Transportation Committee to hold a hearing
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07:11 EDTALK, LUV, UALWolfe Research to hold a conference
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May 18, 2015
06:09 EDTLUV, UALTrade group sees airlines carrying record passenger loads this summer, WSJ says
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May 15, 2015
16:28 EDTUALAppaloosa Management gives quarterly update on stakes
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07:56 EDTUALNational Press Club to hold a luncheon meeting
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May 14, 2015
18:30 EDTUALUnited Airlines launches security flaw 'bounty' program
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15:46 EDTLUVSouthwest announces new service to Liberia, Costa Rica
Southwest Airlines extended its bookable flight schedule through Jan. 4, 2016, offering new international service between eight cities and Houston by the end of this year, including Daniel Oduber Quiros International Airport at Liberia in the Guanacaste beach and resort region of northwest Costa Rica, subject to foreign government approval.
13:19 EDTUALUnited Continental sees FY15 capacity up 1%-2% y/y, non-fuel CASM flat to up 1%
Says plans to improve long-term shareholder value include: Optimizing network and maintaining capacity discipline, executing on revenue initiatives, growing CASM less than inflation, balancing cash flow allocation. Current network priorities include: Growing capacity in line with demand, re-allocating assets across network to reflect changing demand levels due to low oil, strong U.S. dollar, utilizing flexible fleet plan, focusing capacity growth in high-yield corporate markets. Sees FY15 capacity growth 1%-2% y/y. Says on track to achieve $1B in non-fuel annual savings by 2017. Sees CapEx averaging $2.7B-$2.9B over next 3-4 years. Plans to achieve ~$15B gross debt target, improve leverage ratios. Sees FY15 non-fuel CASM flat to up 1%. Comments from slides that will be presented at the Bank of America Merrill Lynch Transportation Conference.
06:26 EDTUALAerCap to lease up to 25 planes to United Continental, Reuters says
AerCap (AER) will lease up to 25 planes to United Continental (UAL), the airlines announced yesterday, according to Reuters. Eleven of the planes will be delivered over the next two years, and the airlines can lease up to 14 more through 2020, subject to certain conditions, the news service stated. Reference Link
06:14 EDTUAL, LUVQatar Airways CEO accuse US airlines of using 'bullying tactics', Bloomberg says
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May 13, 2015
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.
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
May 12, 2015
18:30 EDTLUVSouthwest pilots union begins strike preparedness, says 'time for a deal'
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