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UPDATE: Sterne Agee Lowers Southwest Airlines' PT
Thursday, May 31, 2012 - 9:45am | 97According to a research report published this morning, Sterne Agee has lowered Southwest Airlines' (NYSE: LUV) PT from $16 to $13. In the report, Sterne Agee commented, "While our thoughts on LUV have improved, our price objective has declined, marking down the premium valuation LUV shares have...
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Southwest Airlines, Delta Air Lines, And Boeing Capital Reach A Tentative Agreement To Sublease AirTran Boeing 717 Fleet
Tuesday, May 22, 2012 - 12:18pm | 110Southwest Airlines (NYSE: LUV) confirmed today that the airline, together with its subsidiary, AirTran Airways, Inc., has reached a tentative agreement with Delta Air Lines, Inc. (NYSE: DAL), and Boeing (NYSE: BA) Capital Corp., to sublease all 88 of its Boeing 717 aircraft to Delta. A final...
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Southwest Airlines Announces Increase In Dividend And Share Repurchase Authorization
Wednesday, May 16, 2012 - 11:28am | 142Southwest Airlines' (NYSE: LUV) Board of Directors, at its meeting held today, declared an increase in the quarterly dividend and increased the Company's share repurchase authorization to $1 billion. At the Company's Annual Meeting of Shareholders today, Gary C. Kelly, Chairman of the Board,...
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Southwest Airlines April RPMs Down 2.1% YoY
Monday, May 7, 2012 - 8:31am | 208Southwest Airlines Co. (NYSE: LUV) today reported April 2012 combined traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. on May 2, 2011. For purposes of comparability, the Company is providing combined traffic results for...
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UPDATE: Bank of America Downgrades LAN Airlines; Lowers PO
Monday, April 30, 2012 - 10:43am | 128According to a research report published this morning, Bank of America has downgraded LAN Airlines (NYSE: LFL) from Buy to Neutral, and lowered PO from $31 to $30. Bank of America said in the report, "We continue to view LAN as a premium carrier in Latin America, but four factors lead us to...
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Top 4 Mid-Cap Stocks In The Regional Airlines Industry With The Highest ROE
Thursday, April 26, 2012 - 3:19am | 129Below are the top mid-cap regional airlines stocks on the NYSE and the NASDAQ in terms of return on equity. The trailing-twelve-month return on equity at Copa Holdings SA (NYSE: CPA) is 24.50%. CPA's operating margin for the same period is 21.03%. The trailing-twelve-month return on equity at LAN...
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UPDATE: Dahlman Rose Cuts PT to $11 on Southwest Airlines
Friday, April 20, 2012 - 10:17am | 101Dahlman Rose lowers its price target from $12 to $11 on Buy-rated Southwest Airlines (NYSE: LUV) to reflect high fuel costs. Dahlman Rose comments, "Management indicated March results were significantly better than January and February and helped the company to salvage 1Q12. Management stated...
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Earnings Roundup
Thursday, April 19, 2012 - 8:32am | 1163KeyCorp (NYSE: KEY) reporetd a 32% drop in its first-quarter profit. KeyCorp's quarterly profit fell to $200 million, from a year-ago profit of $263 million. Its per-share profit rose to $0.20, from $0.19. Total revenue climbed 5.5% to $1.03 billion. Analysts were expecting a profit of $0.19 per...
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Financial Breakfast: Morning News Summary for April 19, 2012
Thursday, April 19, 2012 - 7:38am | 1132Thursday, April 19, 2012 This is your Benzinga news summary and trader's outlook covering headlines from overnight and today's pre-market session. Benzinga's Top News Spain and France Meet the Highest Targets in Respective Debt Auction; Hearing Chatter of a French Sovereign Downgrade Bank of...
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UPDATE: Southwest Airlines Posts Q1 Profit
Thursday, April 19, 2012 - 7:32am | 68Southwest Airlines Co (NYSE: LUV) posted a first-quarter profit on Thursday. Southwest Airlines posted its quarterly net income at $98 million, or $0.13 per share, up from $5 million, or $0.01 per share, in the year-ago epriod. Excluding items, Southwest Airlines posted a loss of $0.02 per share...
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Earnings Expectations for the Week of April 16 (GS, MSFT, MCD)
Sunday, April 15, 2012 - 10:45am | 1425The earnings crunch is on this week. Among the scheduled quarterly reports from the financial sector are those from American Express, Bank of America, Bank of New York, Citigroup, Goldman Sachs, and Morgan Stanley. The tech sector will be represented by earnings reports from IBM, Intel, Microsoft,...
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Southwest Airlines March RPMs down 0.9% YoY
Wednesday, April 11, 2012 - 8:45am | 200Southwest Airlines Co. (NYSE: LUV) today reported March 2012 combined traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. on May 2, 2011. For purposes of comparability, the Company is providing combined traffic results for...
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LAN Informs Chilean Supreme Court Resolution
Thursday, April 5, 2012 - 4:25pm | 78Lan Airlines S.A. (NYSE: LFL) announces that the Chilean Supreme Court confirmed today the approval granted on September 21, 2011, by the Chilean Antitrust Authority (Tribunal de Defensa de la Libre Competencia (TDLC)) to the merger transaction between LAN and TAM, including the mitigation measures...
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Airline ratings rise, costs too
Monday, April 2, 2012 - 6:48pm | 79Service in the sky improved last year, including more on-time flights and fewer pieces of baggage misplaced. Costs rose too, led by fuel, and resulted in higher ticket prices. Southwest's (LUV) AirTran unit, Hawaiian (HA) and JetBlue (JBLU) had the best ratings. Meanwhile, regional carrier Pinnacle...
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In Health Care, Behaviors if Not Attitudes Signal Life Will Go On
Monday, April 2, 2012 - 2:01pm | 890By Howard Simons The market is not even trying to handicap the court. Pass the popcorn and enjoy the show. One of the stranger pieces of baggage associated with being a free-market economist, and one that Southwest Airlines (LUV) will not charge me $25 to schlep across the country, is...