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AAI Surges On Acquisition News
Monday, September 27, 2010 - 10:19am | 78Shares of AirTran Airways (NYSE: AAI) advanced after TransDigm Group Inc (NYSE: TDG) announced its plans to purchase AAI. AAI's shares jumped 59.12% to $7.24 at 10:13 am. TDG will buy AAI for $1.27 billion in cash. AirTran Airways' shares rose 0.89% over the past month and lost 12.84% so far this...
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Call Volume Surges on AMR Corp. (AMR)
Monday, September 27, 2010 - 10:07am | 210Shares of AMR Corp. (NYSE: AMR) are higher on the session by 1.57%, currently trading at $6.48. The stock is popping on word that AirTran Holdings, Inc. (NYSE: AAI) will be acquired by Southwest Airlines (NYSE: LUV) for $1.4 billion. Options traders are coming after the calls in the name as well....
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Benzinga Nails AirTran's Rally (AAI)
Monday, September 27, 2010 - 9:59am | 225Shares of AirTran Holdings, Inc. (NYSE: AAI) are skyrocketing today on news that it will be acquired by Southwest Airlines (NYSE: LUV) for $1.4 billion; shares are currently higher by 58.02%, trading at $7.19. Just last week, on September 21st, Benzinga highlighted curious call buying on the $5.00...
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News Summary (TDG, LUV, AAI)
Monday, September 27, 2010 - 9:47am | 144Shares of TransDigm Group Inc (NYSE: TDG) gained after the company announced its plans to purchase McKechnie Aerospace Holdings Inc for $1.27 billion in cash. TDG's shares gained more than 3% following the announcement. Petroleum and natural gas producers' shares moved up slightly today. The NYSE...
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Items Of Interest From Oppenheimer
Monday, September 27, 2010 - 8:30am | 186Oppenheimer's Datatimes Report included these items of interest: 1. AT&T (NYSE: T) announced that Matthew Rose will join its board of directors. Mr. Rose also serves on the board of AMR Corporation (NYSE: AMR) and had previously served on the board of Burlington Northern Santa Fe, a Berkshire...
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Southwest Airlines Acquires AirTran
Monday, September 27, 2010 - 8:22am | 126AirTran Holdings (NYSE: AAI), announced earlier today that it has entered into a definitive merger agreement to be acquired by Southwest Airlines (NYSE: LUV) in a transaction currently valued at more than $1.37 billion. Including existing AirTran Holdings indebtedness and capitalized aircraft...
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Spirit AeroSystems Partners With GOL Linhas Aereas Inteligentes
Monday, September 27, 2010 - 7:53am | 170Spirit AeroSystems (NYSE: SPR) today announced its selection by GOL Linhas Aereas Inteligentes (NYSE: GOL) to exclusively provide Next-Generation Boeing 737-700 and 737-800 CFM56-7 thrust reverser service bulletin modifications 737-78-1069 / 737-78-1079 and repair services. Spirit will supply these...
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Southwest Airlines to Acquire AirTran
Monday, September 27, 2010 - 6:59am | 265Southwest Airlines (NYSE: LUV) announced today that it has entered into a definitive agreement to acquire all of the outstanding common stock of AirTran Holdings, Inc. (NYSE: AAI), the parent company of AirTran Airways (AirTran), for a combination of cash and Southwest Airlines' common stock. At...
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Afternoon Market Update (NKE, AMD, DAL, LCC)
Friday, September 24, 2010 - 11:53am | 174Shares of Nike Inc (NYSE: NKE) surged more than 4% to reach a record high of $81.70, after the company reported an upbeat Q1 profit yesterday. NKE's shares have risen 82% in the past year. US Technology stocks rose, led by Advanced Micro Devices (NYSE: AMD) up more than 5%. AMD has reduced its...
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Continental Releases New Q3 Guidance
Thursday, September 23, 2010 - 11:01am | 138In a recent report from Dahlman Rose, Continental Airlines (NYSE: CAL) issued new 3Q10 guidance. Capacity discipline continues to be the name of the game in the airline industry. Revenues continue to improve, but are not back to 2008 levels yet. The Continental/United merger is still expected to...
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News Summary (NBR, AMR, DAL, JBLU, ADBE)
Wednesday, September 22, 2010 - 11:18am | 222US Energy stocks gained ahead of Energy Information Administration's weekly supply data. Shares of Nabors Industries (NYSE: NBR) rose more than 2%, a day after the analysts at Goldman Sachs upgraded the company. The NYSE Arca Oil Index (XOI) rose about 0.42%, while the NYSE Arca Natural Gas Index...
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AMR Corporation Updates Its 3Q10 outlook
Wednesday, September 22, 2010 - 10:53am | 221AMR Corporation (NYSE: AMR) updated its 3Q outlook Dahlman Rose is fine tuning its estimate since we are below the range. New 3Q10 EPS estimate to $0.26, up from a prior estimate of $0.21 and compared to a loss last year of $0.93. American expects 3Q10 mainline traffic to grow by 3.6% on 3.5%...
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Dahlman Rose Raises 2010 & 2011 Forecasts On Airlines
Tuesday, September 21, 2010 - 5:06pm | 153Dahlman Rose & Co. is raising its 2010 and 2011 earnings estimates, due to the International Air Transport Association raising its 2010 revenue and earnings forecasts. In the report, Dahlman Rose covers Alaska Air Group, Inc. (NYSE: ALK), Delta Air Lines, Inc. (NYSE: DAL), JetBlue Airways...
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JetBlue Initiated at Neutral - Analyst Blog
Tuesday, September 21, 2010 - 1:33pm | 786We are initiating coverage on JetBlue Airways (JBLU) with a Neutral rating. Currently, the stock has a Zacks Rank of #3 (Hold). We believe JetBlue will continue to benefit from the recently launched Sabre system, improved pricing, higher traffic, additional ancillary revenue opportunities and...
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Traders Look For AirTran To Fly (AAI)
Tuesday, September 21, 2010 - 1:31pm | 211Shares of AirTran Holdings, Inc. (NYSE: AAI) are higher on the session by 0.45%, currently trading at $4.49. The stock has been moving largely lower over the past six months, remaining below the 50-day moving average for the past three and a half months. $4.00 has been support in the past. Options...