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Bank of America Lowers PO On Southwest Airlines To $13
Monday, August 8, 2011 - 6:16am | 28Bank of America has lowered the price objective on Southwest Airlines (NYSE: LUV) from $16 to $13 and maintains its Buy rating.
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Southwest Airlines Announces Share Repurchase Authorization of up to $500M
Friday, August 5, 2011 - 2:30pm | 98Southwest Airlines' (NYSE: LUV) Board of Directors has authorized the Company to repurchase, on a discretionary basis, up to $500 million of the Company's common stock. In January 2008, the Company's Board of Directors authorized the repurchase of up to $500 million of the Company's common stock...
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American Airlines and HRG to Explore Direct Connect Distribution Agreement
Friday, August 5, 2011 - 11:30am | 94American Airlines, a wholly owned subsidiary of AMR Corporation (NYSE: AMR), and Hogg Robinson Group plc , announced today that the companies have agreed in principle to explore a long-term arrangement for the benefit of their corporate clients in which HRG would receive guaranteed direct long-...
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Rodman & Renshaw Reiterates Market Outperform on Southwest Airlines, Reduces PT to $14
Friday, August 5, 2011 - 9:06am | 57Rodman & Renshaw reiterated its Market Outperform rating on Southwest Airlines (NYSE: LUV). At the same time, the rating agency reduced its price target on the company's stock from $17 to $14. On Thursday, LUV closed the day at $8.84. Its shares added 3.73% to their value in today's pre-market...
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Southwest Airlines July Traffic up 5.9% YoY
Friday, August 5, 2011 - 8:45am | 141Southwest Airlines Co. (NYSE: LUV) today reported July 2011 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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Rodman & Renshaw Reiterates Market Outperform and PT of $84 on Copa Holdings
Friday, August 5, 2011 - 3:07am | 49Rodman & Renshaw reiterated its Market Outperform rating on Copa Holdings (NYSE: CPA). At the same time, the rating agency left its price target on the company's stock unchanged at $84. On Thursday, CPA lost 3.67% of its value to end the day at $62.28.
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Delta and Aerolineas Argentinas to Start Codeshare Flights, Frequent Flier Benefits
Thursday, August 4, 2011 - 2:04pm | 113Delta Air Lines (NYSE: DAL) and Aerolineas Argentinas today announced a codesharing agreement for flights connecting Miami and Atlanta to Buenos Aires as well as service to 14 U.S. destinations, eight domestic destinations in Argentina, three flights to Canada and flights to Brazil, Bolivia, Chile...
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Earnings Roundup
Thursday, August 4, 2011 - 8:58am | 1365General Motors Co (NYSE: GM) reported a strong rise in its second-quarter earnings. GM reported its quarterly earnings at $2.5 billion, or $1.54 per share, up from $1.3 billion, or $0.85 per share, in the year-earlier period. Its revenue surged to $39.4 billion from $33.2 billion. However, analysts...
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SkyWest Airlines Announces Letter of Intent for Flying as US Airways Express
Thursday, August 4, 2011 - 8:46am | 134SkyWest Airlines, a subsidiary of SkyWest, Inc. (NASDAQ: SKYW) and US Airways (NYSE: LCC) announced today that the two airlines have signed a Letter of Intent for 14 aircraft to operate as US Airways Express. The agreement, which is subject to approval by the respective Board of Directors for both...
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Evercore Partners Downgrades SkyWest To Equal-weight, $13 PT
Thursday, August 4, 2011 - 8:10am | 23Evercore Partners has downgraded SkyWest (NASDAQ: SKYW) from Overweight to Equal-weight with a $13 price target.
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UPDATE: Southwest Reports Downbeat Q2 Earnings
Thursday, August 4, 2011 - 8:07am | 73Southwest Airlines Co (NYSE: LUV) reported weaker-than-expected second-quarter profit. Southwest reported its quarterly net income at $161 million, or $0.21 per share, up from $112 million, or $0.15 per share, in the year-earlier period. Southwest Airlines' adjusted profit came in at $0.15 per...
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US Stock Futures Down As Investors Await Jobless Claims Data, GM Earnings
Thursday, August 4, 2011 - 6:17am | 460US stock futures are lower this morning, as investors are awaiting earnings from General Motors Co (NYSE: GM) and weekly jobless claims data. Futures for the Dow Jones Industrial Average dipped 44 points to 11,774.00 and S&P 500 index futures fell 5.20 points to 1,249.30. Nasdaq 100 futures...
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Earnings Scheduled For August 4
Thursday, August 4, 2011 - 3:53am | 495Alpha Natural Resources Inc (NYSE: ANR) is expected to report its Q2 EPS at $1.12 on revenue of $1.47 billion. Kraft Foods Inc (NYSE: KFT) is projected to report its Q2 EPS at $0.58 on revenue of $13.15 billion. CIGNA Corporation (NYSE: CI) is estimated to report its Q2 EPS at $1.29 on revenue of...
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Delta Air Lines July Traffic Flat YoY
Wednesday, August 3, 2011 - 4:20pm | 46Delta Air Lines (NYSE: DAL) today reported traffic results for July 2011. System traffic in July 2011 was flat compared to July 2010 on a 1.0 percent increase in capacity. System load factor of 87.6 percent was 0.7 points lower than the prior year.
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US Airways July Revenue Passenger Miles +5.1%
Wednesday, August 3, 2011 - 9:01am | 58US Airways Group, Inc. (NYSE: LCC) today announced July and year-to-date 2011 traffic results. Mainline revenue passenger miles for the month were 6.0 billion, up 5.1 percent versus July 2010. Mainline capacity was 6.8 billion available seat miles, up 2.0 percent versus July 2010. Mainline...