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Bank of America Reports Pressure on SkyWest
Monday, July 18, 2011 - 7:01am | 155Bank of America has published a report on SkyWest (NASDAQ: SKYW) noting higher costs for the passenger airline. In the report, Bank of America commented that, "Demand for 50-seat regional jets is contracting and rate pressures are slowly pushing down margins, yet underlying cost pressures (health...
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Merger Arbitrage Mondays – July 18, 2011
Monday, July 18, 2011 - 6:21am | 4847Merger activity rebounded again with six new deals announced and four closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 125 Total Number of Deals Not...
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Bank of America Raises PO On SkyWest To $12
Monday, July 18, 2011 - 6:03am | 27Bank of America has raised the price objective on SkyWest (NASDAQ: SKYW) from $10 to $12 and maintains its Underperform rating.
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Options and Volatility Edge Gives a 3,700% Gain on Delta Air Lines
Friday, July 15, 2011 - 3:37pm | 113If you want to get trading ideas like this, subscribe to the Options and Volatility Edge subscribers who followed the Options and Volatility Edge advice had the potential to make a 3,700% profit. If you had bought Delta Air Lines when suggested by Benzinga and sold now, you would have made the full...
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Delta to Adjust Service to Smaller, Underperforming Markets
Friday, July 15, 2011 - 11:49am | 131Delta Air Lines (NYSE: DAL) today will notify the U.S. Department of Transportation of its plans to adjust flying in 24 small markets. In concert with the retirement of Delta's Saab fleet and to halt $14 million in annual losses, the changes will affect Essential Air Service markets. Airline...
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GOL Domestic Route Network Grows 12.9% in June 2011
Thursday, July 14, 2011 - 10:13am | 33GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL) recorded total demand growth of 10.4% and a load factor of 65.6% on its total route network in June.
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JP Morgan Lowers Estimates on JetBlue
Thursday, July 14, 2011 - 8:27am | 81“JetBlue Airways Corporation (NASDAQ: JBLU) June RASM of 8% fell toward the low end of guidance, implying 2Q RASM of 13.4% (recall, previous guidance 13-15% range) vs. our 15% estimate. Holding other inputs constant, this reduces our 2QE EPS from $0.13 to $0.11 vs. consensus of $0.10,” JP Morgan...
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JP Morgan Reduces Southwest Airlines Estimates
Thursday, July 14, 2011 - 8:24am | 85JP Morgan is reducing its estimates on shares of Southwest Airlines Co. (NYSE: LUV). “LUV June RASM of 5% (excluding AAI) implies 2Q RASM of 6.7% vs. our 8.9% estimate. Holding other inputs constant (as LUV does not provide late-quarter cost guidance), this reduces our 2QE EPS from $0.26 to $0.20...
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JP Morgan Raises Alaska Air Group Estimates
Thursday, July 14, 2011 - 8:23am | 113JP Morgan is raising its estimates on shares of Alaska Air Group, Inc. (NYSE: ALK). “Following the release of June traffic figures and revised 2Q guidance, we are raising our Q2 estimate from $2.21 to $2.43 vs. $2.39 consensus,” JP Morgan writes. “Consolidated ex-fuel CASM is now expected to...
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JetBlue Airways June Traffic +7.2%
Wednesday, July 13, 2011 - 1:35pm | 76JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for June 2011. Traffic in June increased 7.2 percent from June 2010, on a capacity increase of 10.0 percent. Load factor for June 2011 was 82.1 percent, a decrease of 2.1 points from June 2010. JetBlue's...
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SkyWest Reports Combined June RPM +57.2%
Wednesday, July 13, 2011 - 12:37pm | 113SkyWest, Inc., (NASDAQ: SKYW) reported a 49.0 percent increase in departures to 121,295 for June compared to 81,388 for the same period last year. Passenger boardings for June increased 48.0 percent to 5,050,329 compared to 3,411,663 for the same period last year. SkyWest also reported a 57.2...
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Stocks to Watch for Wednesday 07/13/11: Fresh 52 Week Highs and Lows
Tuesday, July 12, 2011 - 8:24pm | 1637Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...
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Range-Bound 07-12-2011
Tuesday, July 12, 2011 - 2:19pm | 1004Cusick's Corner Last night as I was doing a webinar I was catching myself trading more than teaching as the markets were on the move - US Dollar was running to the upside, Euro sliced through $1.40, bonds were running on the long end and the equities sliced through that support level, 1315. Then...
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Deutsche Bank Lowers PT On Hawaiian Holdings To $8
Tuesday, July 12, 2011 - 7:54am | 27Deutsche Bank has lowered the price target on Hawaiian Holdings (NASDAQ: HA) from $10 to $8 and maintains its Buy rating.
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Deutsche Bank Raises PT On Alaska Air Group To $80
Tuesday, July 12, 2011 - 7:53am | 28Deutsche Bank has raised the price target on Alaska Air Group (NYSE: ALK) from $70 to $80 and maintains its Buy rating.