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American Airlines and American Express Global Business Travel Reach Direct Connect Understanding
Thursday, August 18, 2011 - 4:21pm | 131American Airlines, a wholly-owned subsidiary of AMR Corporation (NYSE: AMR), and American Express Global Business Travel, a division of American Express Travel Related Services Company, Inc., announced today that the companies have agreed in principle to explore a long-term arrangement for the...
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Transports Rebound Early
Wednesday, August 17, 2011 - 10:17am | 196This morning, the Dow Jones Transportation Index is trading higher by 1.02 percent. The iShares Dow Jones Transportation Average (NYSE: IYT) is trading higher by 0.84 cents to $83.59 a share. Often when the transportation index trades higher it is a sign of economic strength and expansion. It is...
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JetBlue Airways Statement Regarding Outcome of Unionization Election Among Pilots
Tuesday, August 16, 2011 - 3:53pm | 119JetBlue Airways Corp. (Nasdaq: JBLU) today issued the following statement from President and CEO Dave Barger reacting to the unionization vote among JetBlue's 2,100 pilots, in which the majority of JetBlue Pilots voted to retain their direct relationship with the company: "I would like to thank...
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Top Performing Industries For August 16
Tuesday, August 16, 2011 - 10:09am | 176At 10:05 am, the Dow fell 1.00% to 11,368.17, the broader Standard & Poor's 500 index moved down 1.27% to 1,189.25 and the NASDAQ composite index dropped 1.46% to 2,517.99. The industries that are still afloat in the market today are: Major Airlines: This industry jumped 0.95% by 10:05 am....
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Deutsche Bank Reiterates Buy and PT of $27 on TAM SA
Thursday, August 11, 2011 - 8:53am | 43Deutsche Bank reiterated its Buy rating on TAM SA (NYSE: TAM). At the same time, the rating agency left its price target on the company's stock unchanged at $27. On Wednesday, TAM closed the day at $15.86.
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Puts Purchased on JetBlue Airways
Wednesday, August 10, 2011 - 1:04pm | 125Shares of JetBlue Airways (NASDAQ: JBLU) are lower on the session by 8.10%, currently trading at $3.97. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago...
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JetBlue Airways July Traffic up 11.1% YoY
Wednesday, August 10, 2011 - 1:00pm | 76JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for July 2011. Traffic in July increased 11.1 percent from July 2010, on a capacity increase of 11.6 percent. Load factor for July 2011 was 85.9 percent, a decrease of 0.3 points from July 2010. JetBlue's...
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Delta and Aeromexico Create Enhanced Commercial Alliance
Wednesday, August 10, 2011 - 10:02am | 63Delta Air Lines (NYSE: DAL) and Grupo Aeromexico today announced a tentative agreement for a long-term, exclusive commercial alliance. Under the agreement, Delta and Aeromexico will expand cooperation to leverage each other's strengths and link Delta's expansive network with Mexico's largest...
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Benzinga's Top Upgrades
Wednesday, August 10, 2011 - 7:34am | 121FBR Capital upgraded ProLogis Inc (NYSE: PLD) from “market perform” to “outperform.” PLD's shares closed at $27.59 yesterday. ProLogis' trailing-twelve-month operating margin is 20.05%. Robert W. Baird upgraded Woodward Inc (NASDAQ: WWD) from “neutral” to “outperform.” WWD's shares closed at $27....
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SkyWest, Inc., Reports Combined July 2011 Traffic RPMs 57.5%
Tuesday, August 9, 2011 - 1:13pm | 111SkyWest, Inc., (NASDAQ: SKYW) reported a 47.6 percent increase in departures to 126,199 for July compared to 85,496 for the same period last year. Passenger boardings for July increased 48.2 percent to 5,306,265 compared to 3,581,599 for the same period last year. SkyWest also reported a 57.5...
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Intraday Gainers
Tuesday, August 9, 2011 - 10:08am | 135MAKO Surgical (NASDAQ: MAKO) +22.61% after Piper Jaffray reiterates its Overweight rating and raises PT to $36. Northern Oil & Gas (NYSE: NOG) +21.43% on heavy volume. Scientific Games (NASDAQ: SGMS) +16.17% on upbeat earning reported this morning. Live Nation Entertainment (NYSE: LYV) +...
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LAN Airlines July Traffic up 16% YoY
Tuesday, August 9, 2011 - 9:09am | 212LAN Airlines S.A. and its subsidiaries (NYSE: LFL) today reported its preliminary monthly traffic statistics and punctuality indicators for July 2011. During July, system passenger traffic increased 16.0% as capacity rose 11.4%. As a result, the Company's load factor for the month increased 3.2...
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Hawaiian Airlines July RPMS up 11.7%
Monday, August 8, 2011 - 8:04am | 38Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (NASDAQ: HA), today announced its systemwide traffic statistics for the month of July and year-to-date. PAX 798,780, -0.9% RPMS (000) 926,691 +11.7% LF 85.2%, -1.5 pts.
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Bank of America Merrill Lynch Has Buy On Southwest
Monday, August 8, 2011 - 7:41am | 98Bank of America Merrill Lynch has a Buy rating and a $13 price target on shares of Southwest (NYSE: LUV). In a note to clients, Bank of America Merrill Lynch writes, "Because the loss of momentum relative to the industry was so sudden, we are not sure how quickly LUV will recover. We are revising...
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Merger Arbitrage Mondays – August 8, 2011
Monday, August 8, 2011 - 6:16am | 4847Merger activity remained steady last week with three new deals announced and one closing. The recent drop in equity markets around the world did not spare stocks that are on our list of pending mergers. Spreads of several deals widened and I used the opportunity to start a position in education...