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News Summary (UAUA, AMR, LUV, AAWW, SNDK)
Tuesday, September 21, 2010 - 1:02pm | 211US Airline stocks were mixed after a threefold rise in the 2010 profit projections by the trade group, but the profit for 2011 is likely to soften to $5.3 billion. Shares of United parent UAL Corp (NASDAQ: UAUA) rose about 2.28%, American parent AMR Corp (NYSE: AMR) gained about 0.75% and Southwest...
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Top Performing Industries For September 21 (CEA, IUSN, SOHU, AAWW)
Tuesday, September 21, 2010 - 11:57am | 203At 11:40 am, the Dow lost 0.15% to 10,737.72, the broader Standard & Poor's 500 index moved down 0.31% to 1,139.21 and the NASDAQ composite index fell 0.32% to 2,348.25. The industries that are still afloat in the market today are: Major Airlines: This industry jumped 2.54% by 12:09 pm. The top...
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Top 4 Stocks In The Major Airlines Industry With The Highest Gross Margin (TAM, CAL, DAL, AMR)
Tuesday, September 21, 2010 - 10:50am | 145Below are the top major airline stocks on the NYSE and the NASDAQ in terms of gross margin. The trailing-twelve-month gross margin at TAM SA (NYSE: TAM) is 33.04%. TAM's earnings are likely to rise by 130.36% in this year. The trailing-twelve-month gross margin at Continental Airlines Inc (NYSE:...
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Late Market Roundup (UAUA, CAL, RAE)
Monday, September 20, 2010 - 2:05pm | 271After the merger of UAL Corp (NASDAQ: UAUA) with Continental Airlines (NYSE: CAL), the combined company will be listed under the ticker symbol "UAL" on the New York Stock Exchange (NYSE). The merged company will be named United Continental Holdings Inc. The changed ticker is subject to approval by...
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Morgan Stanley Reiterates Overweight On Delta Airlines
Monday, September 20, 2010 - 11:55am | 129After a recent meeting with Delta Airlines (NYSE: DAL) management, Morgan Stanley, reiterates it's Overweight rating and expects to see signs of positive operating margin momentum over the coming quarters. Key points discussed at the meeting were: Delta is encouraged by booking/revenue trends...
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United to List on NYSE Under Ticker UAL
Monday, September 20, 2010 - 11:35am | 98UAL Corporation (Nasdaq: UAUA) and Continental Airlines (NYSE: CAL) today announced that following the closing of the merger of a wholly-owned subsidiary of UAL with and into Continental, the holding company intends to list its common stock on the New York Stock Exchange (NYSE) and open trading...
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Dahlman Rose Gives Airline & Aircraft Industry Update
Monday, September 20, 2010 - 11:09am | 211Dahlman Rose's weekly airline and aircraft lessor report discussed updated 3Q10 guidance. Most of the airlines continue to see double digit revenue growth for 3Q2010 and strong forward bookings at least through mid-November. Airlines are continuing to focus on keeping costs flat up low single...
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Shareholder Nod on UAUA-CAL Merger - Analyst Blog
Monday, September 20, 2010 - 9:12am | 537The pending merger of United Airlines, a wholly owned subsidiary of UAL Corp. (UAUA), and Continental Airlines (CAL) finally received approval from shareholders of both the companies. Announced on May 3, 2010, the merger won the antitrust approval from the U.S. government in August and received...
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Traders Doubting Lan Can Complete Tam Deal
Sunday, September 19, 2010 - 3:05pm | 165Investors and traders are doubting that Chile's Lan Airlines (NYSE: LFL) will complete its proposed $4 billion takeover of Brazil's TAM SA (NYSE: TAM), according to Bloomberg News. Tam is trading 18 percent below Santiago-based Lan's Aug. 13 offer price, as much as twice the discount for past...
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Delta Simulator Technicians to Remain Union-Free (DAL)
Thursday, September 16, 2010 - 3:53pm | 123Delta Air Lines (NYSE: DAL) today received notification from the National Mediation Board (NMB) that a majority of simulator technicians have again rejected representation by the International Association of Machinists (IAM). In a memo issued today to Delta's simulator technicians, Senior Vice...
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Dahlman Rose Raising Estimates On United Airlines (UAUA)
Thursday, September 16, 2010 - 11:32am | 137Dahlman Rose & Co. is raising its earnings estimates for Q3 and Q4 on UAL Corporation (NASDAQ: UAUA), after the company filed an 8-K last night, as it raised its own estimates. In the research note, Dahlman Rose writes, "United continues to see double digit growth in unit revenues. For 3Q10,...
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News Summary (CYPB, ETFC, SCHW, DAL, ALK, LCC, CAL, GOL)
Wednesday, September 15, 2010 - 1:03pm | 250Shares of Cypress Bioscience (NASDAQ: CYPB) jumped after Ramius Value and Opportunity Advisors lifted its offer to purchase the company to $4.25 per share, from its July 16 bid of $4 per share. Cypress had rejected the previous offer. Shares of CYPB surged about 10% following the news. Financial...
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News Summary (CYPB, ETFC, SCHW, DAL, ALK, LCC, CAL, GOL)
Wednesday, September 15, 2010 - 1:02pm | 250Shares of Cypress Bioscience (NASDAQ: CYPB) jumped after Ramius Value and Opportunity Advisors lifted its offer to purchase the company to $4.25 per share, from its July 16 bid of $4 per share. Cypress had rejected the previous offer. Shares of CYPB surged about 10% following the news. Financial...
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Delta to Grow on High Travel Demand - Analyst Blog
Wednesday, September 15, 2010 - 9:42am | 401Delta Air Lines Inc. (DAL), the world's largest airline, expects third quarter unit revenue to rise on recovering travel demand. The demand for air travel has been growing more than expected so far in September. The economic downturn in 2009 and the oil price hike in 2008 had affected the...
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Top 4 Mid-Cap Stocks In Major Airlines Industry With The Highest Cash (AMR, UAUA, DAL, CAL)
Wednesday, September 15, 2010 - 5:21am | 148Below are the top mid-cap major airlines stocks on the NYSE and the NASDAQ in terms of cash. AMR Corporation (NYSE: AMR) had $5.08 billion in total cash and $11.50 billion in total debt for the latest quarter. UAL Corporation (NASDAQ: UAUA) had $4.91 billion in total cash for the latest quarter....