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US Airways Announces $388 Million Aircraft Financing
Tuesday, June 21, 2011 - 9:51am | 96US Airways, Inc. a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC), announced today its intention to make an offering, subject to market and other conditions, of Class A and Class B enhanced equipment trust certificates in the aggregate principal amount of approximately $388 million...
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US Airways Finalizes Two-Year Extension of Current Lease Agreement with the City of Philadelphia Division of Aviation
Tuesday, June 21, 2011 - 9:01am | 76A committee of airlines, led by US Airways (NYSE: LCC) has finalized arrangements with the City of Philadelphia Division of Aviation on a two-year extension of the current Airport-Airline Use and Lease Agreement. This two-year extension will provide time for the airport and the airlines to...
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Top 4 Mid-Cap Stocks In The Major Airlines Industry With The Highest Operating Margin
Tuesday, June 21, 2011 - 12:14am | 138Below are the top mid-cap major airlines stocks on the NYSE and the NASDAQ in terms of operating margin. The trailing-twelve-month operating margin at TAM SA (NYSE: TAM) is 9.42%. TAM's ROE for the same period is 45.61%. The trailing-twelve-month operating margin at Delta Air Lines Inc (NYSE: DAL...
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American Airlines and airberlin Expand Codeshare Agreement
Monday, June 20, 2011 - 7:00am | 45American Airlines (NYSE: AMR) and future oneworld® alliance member, airberlin, have expanded their codeshare relationship to include airberlin's new service between New York's Kennedy International Airport and Berlin-Tegel. airberlin will fly the route four times per week.
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Merger Arbitrage Mondays – June 20, 2011
Monday, June 20, 2011 - 4:08am | 4958Merger activity increased last week with seven new deals announced and six closing. This spike in deals announced follows a temporary lull in the week prior where no new deals were announced. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates...
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Here's Another Yogi Reference (not the Bear but Berra)
Friday, June 17, 2011 - 6:23pm | 901Cusick's Corner "Slump? I ain't in no slump...I just ain't hitting." That's a quote from Yogi Berra and if you talk to someone who is long, this is what the trader would most likely say. While the market did finally break the weekly losing streak, you can't ignore that we have seen some decent...
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Bears Stop for a Pic-a-Nic 06-17-2011
Friday, June 17, 2011 - 4:37pm | 981Cusick's Corner The market is now just off its best levels but for the most part we are seeing a market bounce on positive headlines and the shorts are stepping aside at this stage. Now this can be expected to happen over the next few sessions, especially since the market just was brutalized over...
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Options Brief: Southwest Airlines Co.
Friday, June 17, 2011 - 3:46pm | 84Shares of Southwest Airlines Co. (NYSE: LUV) are higher on the session by 1.11%, trading at $10.89. Overall call volume is now running at 6.25x the daily average, with 77% of all calls traded being purchases on the offer. 9,168 contracts have traded on the session so far. Southwest Airlines Co....
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Frontier Airline Pilots Association Members Approve Agreement With Frontier Airlines
Friday, June 17, 2011 - 3:34pm | 61Frontier Airlines today announced that the membership of the Frontier Airline Pilots Association overwhelmingly ratified an agreement approving their participation in the restructuring of Frontier Airlines. With 89% of the pilots participating, the vote was 498 to 58, or 89.6% in favor and 10.4%...
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Morgan Stanley Ups PT On CPA To $80
Friday, June 17, 2011 - 7:42am | 117Morgan Stanley is raising its price target on Copa Holdings (NYSE: CPA) from $67 to $80 as the company looks to growth in the future. Says Morgan Stanley, in the report, “Visibility on higher growth and profits extend into 2012, resulting in our higher price target and above consensus estimates....
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Morgan Stanley Raises PT On Copa Holdings To $80
Friday, June 17, 2011 - 6:32am | 27Morgan Stanley has raised the price target on Copa Holdings (NYSE: CPA) from $67 to $80 and maintains its Overweight rating.
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Calls Purchased on Republic Airways Holdings Inc.
Thursday, June 16, 2011 - 10:31am | 124Shares of Republic Airways Holdings Inc. (NASDAQ: RJET) are higher on the session by 0.68%, currently trading at $4.44. The stock has been moving largely lower over the past five months and is currently trading below the 200-day moving average. Options traders are buying calls on the name today. A...
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Options Brief: US Airways Group, Inc.
Wednesday, June 15, 2011 - 3:46pm | 93Shares of US Airways Group, Inc. (NYSE: LCC) are higher on the session by 1.10%, trading at $8.26. Overall call volume is now running at 2.11x the daily average, with 73% of all calls traded being purchases on the offer. 13,100 contracts have traded on the session so far. US Airways Group, Inc....
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Citi Raises Price Target On Alaska Air Group To $79
Tuesday, June 14, 2011 - 9:45am | 90According to Citi, Alaska Air Group (NYSE: ALK) target is raised to $79 from $77. Citi said that ALK reported May 2011 revenue growth of about 14% YoY on an 8.3% increase in RASM and 5.2% lift in capacity. “We see ALK as a hidden gem among airlines as result of its attractive valuation and more...
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Benchmark Provides Color on Orbitz Worldwide, Hold
Tuesday, June 14, 2011 - 8:27am | 139Benchmark provided color on Orbitz Worldwide (NYSE: OWW) after the company achieved a court victory over American Airlines (NYSE: AMR). In a research report published today, Benchmark states, "On June 1, 2011, an Illinois court granted injunctive relief to Orbitz (OWW-Hold, PT $3) and Travelport...