Airline stocks have rallied in the second half of 2016, driven by improved fundamentals, a post-election rally and Warren Buffett’s investment in the sector.
on track to continue that run into 2017.
Airlines are expected to report strong fourth-quarter results on the back of higher demand for business and leisure travel in the fourth quarter. Further, an uptick in fuel prices is set to boost a key metric — revenue per available seat mile, which determines the revenue generated by one passenger flying one mile.
Earnings Schedule
Here is the list of upcoming earnings of major airlines:
Delta Air Lines, Inc. DAL will kick off the airline earnings on Thursday. The Street expects EPS of $0.82 on revenue of $9.35 billion. The mean recommendation comes in at 1.8, and the average target price totals $59.07.
United Continental Holdings Inc UAL is expected to report its quarterly numbers between January 19 and 23. Street estimates earnings of $1.39 a share on revenue of $8.85 billion. The mean recommendation is 2.1 and average price target stands at $80.91.
American Airlines Group Inc AAL is anticipated to release its fourth-quarter report between January 27 and 31. The consensus estimate calls for EPS of $0.78 on revenue of $9.57 billion. The mean recommendation stands at 2.5, with average price target at $53.33.
Southwest Airlines Co LUV is scheduled to report its fourth-quarter results on January 26. Street expects EPS of $0.66 on revenue of $4.98 billion. The mean recommendation is 1.9 and average price target stands at $57.23.
JetBlue Airways Corporation JBLU is expected to announce its quarterly performance on between January 26 and 30. The average earnings estimate stands at $0.48, with revenue forecast pegged at $1.63 billion. The mean recommendation is 2.3 and average price target stands at $25.67.
Alaska Air Group, Inc. ALK will report its fourth-quarter numbers between January 19 and 23. Wall Street sees EPS of $1.33 on revenue of $1.42 billion. The mean recommendation stands at 2.2, with average price target at $98.12.
Hawaiian Holdings, Inc. HA is expected to release its quarterly results between January 24 and 30. Street estimates call for EPS of $1.35 on revenue of $625.47 million. The mean recommendation is 2.7, with average price target at $54.78.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
