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American Airlines Rises on International Joint Venture
Wednesday, October 6, 2010 - 2:19pm | 145American Airlines (NYSE: AMR) shares are rising today after unveiling an international joint-venture agreement with British Airways and Iberia Lineas, which the company says will increase revenues. AMR also recalled 800 furloughed employees to staff additional flights expected beginning in the...
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GOL Closes September With a 25.8% Year-On-Year Increase in Demand
Wednesday, October 6, 2010 - 10:20am | 111GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL) recorded a 25.8% demand year-on-year increase in its route network in September, led by the 55.0% upturn in international demand. In September 2010, demand on the Company's route network climbed by 25.8% over September 2010 and by 1.3% over the...
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Estimates Trimmed For AMR Corp.
Wednesday, October 6, 2010 - 9:08am | 107Hudson Securities is trimming estimates for AMR Corporation (NYSE: AMR) following yesterday's close. In the report, Hudson Securities writes "AMR's consolidated 3Q capacity and traffic came in slightly weaker vs the carrier's expectations outlined in its 9/21/10 investor update which leads us to...
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US Airways 3Q Results Preview
Wednesday, October 6, 2010 - 9:05am | 109Hudson Securities has issued a report for US Airways Group (NYSE: LCC) in anticipation of the company's 3Q results. In the report, Hudson Securities writes "LCC reported in its traffic release that Sept consolidated PRASM and RASM were up 12% & 13% YoY respectively, in line with a StreetAccount...
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Dahlman Rose Reiterates Buy Rating on US Airways (LCC)
Tuesday, October 5, 2010 - 5:00pm | 170Dahlman Rose & Co. is out with a research report this afternoon, where it reiterates its Buy rating on U.S. Airways Group LLC (NYSE: LCC); it has a $14.00 price target on the stock. The Dahlman analysts cited a recent update of guidance by company management. Management continues to be...
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Late Market Roundup (DAL, GOOG, ORCL, BAC, QCOM)
Tuesday, October 5, 2010 - 4:37pm | 164Delta Air Lines Inc (NYSE: DAL) announced that its total September traffic gained 6.5%, from 15.13 billion revenue passenger miles a year ago to over 16 billion revenue passenger miles. Google Inc (NASDAQ: GOOG) has urged for the dismissal of copyright claims filed by Oracle Corp (NASDAQ: ORCL)...
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Republic Airways Reports Increased September 2010 Traffic
Tuesday, October 5, 2010 - 4:30pm | 138Republic Airways Holdings (NASDAQ: RJET) today reported preliminary passenger traffic results for September 2010. The Company generated 1.7 billion revenue passenger miles (RPMs), an 86% increase from the same month last year, while available seat miles (ASMs) increased 73%. Block hours were 79,...
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Dahlman Rose Updating Estimates On US Airways Group (LCC)
Tuesday, October 5, 2010 - 4:09pm | 145Dahlman Rose & Co. analyst Helane Becker raised estimates on US Airways (NYSE: LCC), as did the company's management today, to reflect lower operating expenses. It rates shares at Buy, with a $14 price target. In the research note, Becker writes, "This morning management provided an update to...
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Dahlman Rose Reiterates Buy Rating on Alaska Air (ALK)
Tuesday, October 5, 2010 - 4:08pm | 165Dahlman Rose & Co. is out with a research report this afternoon, where it reiterates its Buy rating on Alaska Air Group Inc. (NYSE: ALK); it has a $60.00 price target on the stock. The Dahlman analysts cited ALK's reported traffic growth of 12.9% on 7.8% capacity increase, implying a load...
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American Eagle Airlines September Traffic up 17.3%
Tuesday, October 5, 2010 - 4:04pm | 49American Eagle (NYSE: AMR) reported that its September traffic increased 17.3 percent year over year as capacity increased 12.3 percent. September load factor was 71.7 percent, an increase of 3.1 points compared to the same period last year. American Eagle boarded 1.6 million passengers in...
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Delta Air Lines September Traffic up 6.5%
Tuesday, October 5, 2010 - 2:09pm | 80Delta Air Lines (NYSE: DAL) today reported traffic results for September 2010. System traffic in September 2010 increased 6.5 percent compared to September 2009 on a 6.6 percent increase in capacity. Load factor remained flat at 82.5 percent. Domestic traffic increased 5.0 percent year over year...
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News Summary (LCC, BPO, BHS)
Tuesday, October 5, 2010 - 9:45am | 168US Airways (NYSE: LCC) reported a 7.5% increase in its mainline September traffic. The company's mainline September traffic came in at 4.91 billion revenue passenger miles, up from 4.57 billion revenue passenger miles, in the year-ago period. The consolidated passenger revenue per available seat...
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US Airways Reports 7.5% Rise In Mainline September Traffic
Tuesday, October 5, 2010 - 9:39am | 97US Airways (NYSE: LCC) posted a 7.5% increase in its mainline September traffic. The company's mainline September traffic increased to 4.91 billion revenue passenger miles, versus 4.57 billion revenue passenger miles, in the year-ago period. Its mainline September capacity increased 3.8% y/y to 5....
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Delta Air Lines Completes $750 Million in Delevering Initiatives
Tuesday, October 5, 2010 - 9:04am | 123Delta Air Lines (NYSE: DAL) in the September quarter successfully completed $750 million in debt reduction and delevering initiatives as part of the company's ongoing efforts to bring its adjusted net debt to $10 billion by the end of 2012, a reduction of $7 billion over three years. Delta is...
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US Airways Reports Increased September Traffic
Tuesday, October 5, 2010 - 9:03am | 133US Airways Group, Inc. (NYSE: LCC) today announced September, quarter and year-to-date 2010 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.9 billion, up 7.5 percent versus September 2009. Mainline capacity was 6.0 billion available seat miles (ASMs), up 3.8 percent...