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Dahlman Rose Updates Estimtes On Allegiant Travel
Tuesday, October 12, 2010 - 11:07am | 122Dahlman Rose is lowering its 3Q10 EPS estimate on Allegiant Travel Company (NASDAQ: ALGT) to reflect management's updated guidance. As the airline reported September traffic, we have seen a shift from leisure travel to business travel. Given Allegiant's focus on the leisure traveler, they have not...
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SkyWest, Inc. Reports Increased September Traffic for SkyWest Airlines and Atlantic Southeast Airlines
Monday, October 11, 2010 - 1:51pm | 94SkyWest, Inc. (Nasdaq: SKYW) reported an 11.0 percent increase in departures to 78,500 for September compared to 70,750 for the same period last year. Passenger boardings for September increased 12.2 percent to 3,175,783 compared to 2,829,617 for the same period last year. SkyWest also reported...
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JetBlue Airways Reports Increased September Traffic
Monday, October 11, 2010 - 1:34pm | 76JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for September 2010. Traffic in September increased 14.6 percent from September 2009, on a capacity increase of 10.4 percent. Load factor for September 2010 was 80.6 percent, an increase of 3.0 points from September...
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Dahlman Rose Out With An Update On Airline Sector (AAWW, ALK, DAL)
Monday, October 11, 2010 - 11:39am | 169Dahlman Rose & Co. is out with a research report on the airline sector. In the report, Dahlman covers such companies as Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), Alaska Air Group, Inc. (NYSE: ALK), and Delta Air Lines, Inc. (NYSE: DAL), all which are rated at Buy. It has price...
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Hudson Sees Massive Upside In Allegiant Travel Company (ALGT)
Monday, October 11, 2010 - 8:56am | 92Hudson Securities sees significant upside in shares of Allegiant Travel Company (NASDAQ: ALGT), as it has a $57 price target on shares, and a Buy rating. In the research note, Hudson writes, "On Friday, ALGT reported in its Sept traffic release that TRASM was down 1.7% to 2.0%, and that overall...
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Citi Says Copa's September Traffic "Neutral" (CPA)
Monday, October 11, 2010 - 6:45am | 145Citi Investment Research is out with a research report, discussing Copa Holdings, S.A. (NYSE: CPA). It has a $79 price target on shares, and rates shares at Hold. In the research note, Citi writes, "we continue to believe that Copa has the most attractive long-term fundamentals in the group (...
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Calls Purchased on JetBlue (JBLU)
Friday, October 8, 2010 - 1:18pm | 190Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are higher on the session by 2.29%, currently trading at $6.70. The stock has been moving largely higher over the past few weeks and is now nearing strong historical resistance at $6.80-6.95. Options traders are continuing to bet on further...
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Small Caps Taking a Hit 10-07-2010
Thursday, October 7, 2010 - 4:19pm | 873Cusick's Corner We are seeing some weakness in the indices going into the Midday, and the catalyst looks to be the Small Caps which started to take a hit yesterday and continues today. While I am not one to advocate a trend, the trend at this stage is clearly still bullish going into this earnings...
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American Airlines Receives U.S. Department of Transportation Approval to Fly Between Los Angeles and Shanghai
Thursday, October 7, 2010 - 3:19pm | 131American Airlines (NYSE: AMR) today issued the following statement: "We are very pleased that the United States Department of Transportation (DOT) has granted us the authority and frequencies needed to begin new service between Los Angeles and Shanghai, the largest market for travel between the...
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Long PAG At $13.35
Thursday, October 7, 2010 - 11:15am | 121So far this morning the market is simply content with trading sideways. I'm taking a hit in BEAV this morning after a tremendous breakout session the day before. I've added Penske Automotive (PAG) to the portfolio this morning on a double-bottom confirmation. My stop is pretty tight on this one,...
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Afternoon Market Update (FITB, NYX, BKE, ALK, JBLU, LUV)
Thursday, October 7, 2010 - 10:56am | 225The Financial Select Sector SPDR Fund (XLF) moved up about 0.26% after the Labor Department reported better-than-expected data on US jobless claims. Shares of Fifth Third Bancorp (NASDAQ: FITB) moved up after analysts at Oppenheimer initiated coverage of FITB with an “outperform” rating. Shares of...
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LUV Reports 5.1% Rise In Total September Traffic
Thursday, October 7, 2010 - 9:13am | 91Southwest Airlines Co (NYSE: LUV) reported a 5.1% increase in its total September traffic. The company's total September traffic came in at more than 6.06 billion revenue passenger miles, up from 5.77 billion revenue passenger miles, in the year-ago period. LUV's total September capacity increased...
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Southwest Airlines Reports Increased September Traffic
Thursday, October 7, 2010 - 8:45am | 190Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 6.1 billion revenue passenger miles (RPMs) in September 2010, a 5.1 percent increase from the 5.8 billion RPMs flown in September 2009. Available seat miles (ASMs) increased 4.7 percent to 8.1 billion from the September 2009...
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Aero Republica Launches New Brand, Copa Airlines Colombia
Wednesday, October 6, 2010 - 4:18pm | 80Copa Holdings (NYSE: CPA) has announced that as of today, the Colombian airline Aero Republica will operate as Copa Airlines Colombia. The newly branded airline incorporates the destinations, route networks and services that Aero Republica y Copa Airlines offer, including access to the Hub of the...
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Antitrust Immunity Granted to American Airlines and Japan Airlines
Wednesday, October 6, 2010 - 3:36pm | 242American Airlines (NYSE: AMR) and Japan Airlines, both members of the oneworld® Alliance, today welcomed an order issued by the United States Department of Transportation tentatively approving the antitrust immunity application filed by the two airlines in February. By this action, the DOT has...