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Dahlman Rose Comments on US Airways
Wednesday, July 6, 2011 - 11:13am | 100Dahlman Rose provided color on US Airways (NYSE: LCC) in a research report published today. Dahlman Rose has previously given US Airways a Hold rating. In the report, Dahlman Rose states, "US Airways reported June and 2Q11 traffic results. Management updated 2Q11 and 2011 guidance. Both traffic...
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US Airways June Revenue Passenger Miles +2.5% YoY
Wednesday, July 6, 2011 - 9:03am | 61US Airways Group, Inc. (NYSE: LCC) today announced June, quarter and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 5.7 billion, up 2.5 percent versus June 2010. Mainline capacity was 6.6 billion available seat miles (ASMs), up 2.3 percent versus...
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UPDATE: Morgan Stanley Downgrades JetBlue Airways to Underweight
Tuesday, July 5, 2011 - 7:36am | 94Morgan Stanley is out with its report today on JetBlue Airways (NASDAQ: JBLU), downgrading JBLU to Underweight. In a note to clients, Morgan Stanley writes, "We believe JBLU's maturing low cost / low fare model will have difficulty maintaining current margins longer-term as growth opportunities...
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Morgan Stanley Downgrades JetBlue Airways To Underweight
Tuesday, July 5, 2011 - 7:02am | 18Morgan Stanley has downgraded JetBlue Airways (NASDAQ: JBLU) to Underweight.
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve 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 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve 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 116 Total Number of...
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How to Play a Possible Obama Oil Price Bump
Friday, July 1, 2011 - 1:46pm | 810It's only been a week since the Obama Administration announced it, along with many other nations, was releasing a total of 60 million barrels of crude oil, including 30 million alone from the US strategic oil reserves. The official reasoning was that the US reserves were at capacity and this...
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Options Brief: JetBlue Airways Corporation
Thursday, June 30, 2011 - 10:26am | 89Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are higher on the session by 1.23%, trading at $6.16. Overall call volume is now running at 2.01x the daily average, with 1% of all calls traded being purchases on the offer. 2,218 contracts have traded on the session so far. JetBlue Airways...
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JetBlue and Qatar Airways Announce Partnership
Thursday, June 30, 2011 - 9:02am | 135JetBlue Airways (Nasdaq: JBLU), New York's Hometown Airline™, and Qatar Airways, named "Airline of the Year" at the annual Skytrax World Airline Awards 2011 for its outstanding inflight product and operational excellence, today announced the signing of a new interline agreement to connect...
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Biggest Gainers and Losers in Pre-Market Trading
Thursday, June 30, 2011 - 7:58am | 249Gainers: US Airways (NYSE: LCC) is trading up near 12% after an agreement was announced yesterday with Greek airline Aegean. First Solar (NASDAQ: FSLR) is trading up near 6% after it was guaranteed 3 loans by the Department of Energy. Dendreon (NASDAQ: DNDN) is trading up near 2.50% after...
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Top 4 NYSE Stocks In The Regional Airlines Industry With The Highest Profit Margin
Wednesday, June 29, 2011 - 12:47am | 128Below are the top regional airlines stocks on the NYSE in terms of profit margin. The trailing-twelve-month profit margin at Copa Holdings SA (NYSE: CPA) is 17.66%. CPA's ROE for the same period is 25.00%. The trailing-twelve-month profit margin at Lan Airlines SA (NYSE: LFL) is 9.11%. LFL's PEG...
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Puts Purchased on Alaska Air Group, Inc.
Tuesday, June 28, 2011 - 1:06pm | 141Shares of Alaska Air Group, Inc. (NYSE: ALK) are higher on the session by 1.06%, currently trading at 68.61. The stock has been moving largely higher over the past five months and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A short...
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Airline Stocks Stay Grounded
Tuesday, June 28, 2011 - 11:07am | 180The morning, the major stock indexes are surging higher. The Dow Jones Industrial Average is trading higher by 120.00 points and most major sectors in the market are participating in the rally. The airline sector looks to be lagging the major stock indexes this morning. The cause for the weak...
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Bank of America Merrill Lynch Raises PT on Allegiant Travel to $49
Tuesday, June 28, 2011 - 9:36am | 123Bank of America Merrill Lynch is out with its report today on Allegiant Travel (NASDAQ: ALGT), raising its PT to $49. In a note to clients, Bank of America Merrill Lynch writes, "Our 12-month price objective for ALGT is $49. To neutralize the high degree of uncertainty in airline estimates, we use...
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Delta minimizes fuel impact
Monday, June 27, 2011 - 6:50pm | 76The No. 1 airline by passengers carried confirmed that it expects a profit in Q2 even though its fuel bill will be $1 bil higher than a year earlier. Analysts expect a 55-cents-per-share profit for the quarter. Delta Air Lines (DAL) and others raised fares earlier this year in sync with rising fuel...