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Dahlman Rose Raises 3Q Estimates On Improved Margin
Tuesday, September 14, 2010 - 2:50pm | 145In a recent report from Dahlman Rose, Delta Air Lines (NYSE: DAL) filed an updated investor outlook for 3Q10. DAL is estimating 3Q operating margins in a range of 12%-13%. Delta continues to see an improving outlook for the remainder of 2010. The better than expected margins are due to lower...
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Late Market Roundup (TOL, DAL, HPQ, CSCO, DELL, CAL, LCC, ALK, JBLU, LUV)
Tuesday, September 14, 2010 - 2:04pm | 306Joel Rassman, Chief Financial Officer (CFO) of Toll Brothers Inc (NYSE: TOL), passed away early Tuesday. Rassman had been the CFO of the company since 1984. He had served as a member of the board since 1996. Executive Chairman Robert Toll said, "As we announced in December of 2008, he faced serious...
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GoL Airlines Expands Globally - Analyst Blog
Monday, September 13, 2010 - 2:39pm | 669Low-cost Brazilian airline, GOL Linhas Aereas Inteligentes S.A. (GOL) signed a code-share agreement with American Airlines, a subsidiary of AMR Corporation (AMR) to increase connectivity between various destinations in the United States and Brazil. The agreement is expected to have a positive...
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News Summary
Monday, September 13, 2010 - 9:49am | 192CRT Capital Group has upgraded Continental (NYSE: CAL) and United Airlines parent UAL Corp (NASDAQ: UAUA) from “fair value” to “buy” to reflect the probable merger on October. 1. Michael Derchin, an analyst with CRT said, "The timing is right for this merger to be successful in our opinion." He...
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Southwest Airlines Purchases Shares in UATP (LUV)
Monday, September 13, 2010 - 8:36am | 96Southwest Airlines (NYSE: LUV) has purchased shares in the UATP Network becoming an active UATP Shareholder effective immediately. Southwest is a current UATP Merchant and accepts all UATP corporate cards in all sales channels. "Southwest continuously looks at ways to strategically grow the...
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JBLU Traffic Rises
Friday, September 10, 2010 - 1:25pm | 84JetBlue Airways Corp (NASDAQ: JBLU) announced on Friday that its August traffic rose 7% to 2.74 billion revenue passenger miles, from a year-ago fire of 2.56 billion. The airline’s August capacity grew 7.3% year-over-year to 3.17 billion available seat miles. Load factor, or the percentage of seats...
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JetBlue Airways Reports Increased August Traffic
Friday, September 10, 2010 - 11:31am | 82JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for August 2010. Traffic in August increased 7.0 percent from August 2009, on a capacity increase of 7.3 percent. Load factor for August 2010 was 86.4 percent, a decrease of 0.2 points from August 2009. JetBlue's...
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Continental Airlines and Its Technicians Reach Tentative Agreement
Friday, September 10, 2010 - 10:02am | 104Continental Airlines (NYSE: CAL) today announced that it has reached a tentative agreement on a new labor contract with the International Brotherhood of Teamsters representing Continental aircraft maintenance technicians and related employees. The IBT is expected to hold a ratification vote in the...
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Is Austan Goolsbee The Right Choice To Replace Romer?
Friday, September 10, 2010 - 9:44am | 252President Obama is set to replace Christina Romer as the head of the Council of Economic Advisers (CEA) with Austan Goolsbee, according to White House officials. Is this the right choice though? Romer left the CEA last month to go back to academia, after heading the committee since Obama became...
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GOL Announces Commercial Agreement with NOAR Linhas Aereas
Friday, September 10, 2010 - 9:42am | 135GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL), the largest low-fare and low-cost airline in Latin America, has entered into a commercial agreement with NOAR Linhas Aereas, a Brazilian regional carrier, to sell the latter's tickets in all its sales channels. Currently, NOAR operates flights from...
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A Peek Into The Market Before The Trading Starts
Friday, September 10, 2010 - 9:34am | 476Pre-open movers US stock futures recorded gains on Friday, despite Deutsche Bank related concerns weighing on European markets. Investors are awaiting President Obama's news conference to know his thoughts on the state of the economy. Futures on the Dow Jones Industrial Average gained 22.00 points...
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Zacks Bull and Bear of the Day Highlights: Expeditors International, Hudson City Bancorp, Southwest Airlines, Delta Air Lines and UAL - Press Releases
Friday, September 10, 2010 - 8:03am | 1959For Immediate Release Chicago, IL – September 10, 2010 – Zacks Equity Research highlights Expeditors International (EXPD) as the Bull of the Day and Hudson City Bancorp (HCBK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Southwest Airlines Co. (LUV), Delta Air...
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Zacks Releases Four Powerful ''Buy'' Stocks: Finisar, A.O. Smith, Cummins and Republic Airways Holdings - Press Releases
Friday, September 10, 2010 - 7:33am | 1364For Immediate Release Chicago, IL – September 10, 2010 – Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive...
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Option Traders Buying ProLogis Calls and LAN Airlines Puts
Friday, September 10, 2010 - 7:09am | 164Option traders appear to be setting up for a bullish move on ProLogis (NYSE: PLD). Traders plowed into 1,067 new call option contracts -- 2.81 times the average volume -- on the stock on Thursday. And we know that traders were eager to get into this trade because 95% of the trades came in on the...
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Republic Airways Holdings Inc. - Value
Friday, September 10, 2010 - 2:03am | 543Really? An airline stock? Republic Airways Holdings Inc. (RJET) is cheap, with a forward P/E of just 8.1. A lot of changes have occurred with Republic Airways since I last reviewed it in Dec 2008. Since then, the company has grown its branded business by acquiring Frontier and Midwest Airlines in...