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Delta Air Lines May Traffic up 2.2%
Friday, June 3, 2011 - 1:00pm | 43Delta Air Lines (NYSE: DAL) today reported traffic results for May 2011. System traffic in May 2011 increased 2.2 percent compared to May 2010 on a 2.2 percent increase in capacity. Load factor was flat versus prior year at 83.9 percent.
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Puts Purchased on AMR Corporation
Friday, June 3, 2011 - 12:41pm | 157Shares of AMR Corporation (NYSE: AMR) are lower on the session by 0.20%, currently trading at $6.01. 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 puts on the name today. A short while ago...
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Airline Stocks Show Small Air Pocket Of Strength
Friday, June 3, 2011 - 10:16am | 292As we all know, the major stock market indexes are plummeting lower after the government job report was released this morning before the opening bell. There is one sector that is trading higher despite the overall stock market downdraft, that strength is in the the major airline stocks. This...
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US Airways Reports May Revenue Passenger Miles up 7.4%
Friday, June 3, 2011 - 9:02am | 57US Airways Group, Inc. (NYSE: LCC) today announced May and year-to-date 2011 traffic results. Mainline revenue passenger miles for the month were 5.6 billion, up 7.4 percent versus May 2010. Mainline capacity was 6.5 billion available seat miles, up 4.4 percent versus May 2010. Mainline passenger...
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Market is Damaged -- Levels to Watch 06-02-2011
Thursday, June 2, 2011 - 6:32pm | 911Cusick's Corner No surprise that the market finished at breakeven. The data tomorrow, Unemployment, will be scrutinized and a lot of investors will then find out how much of that selling from the previous session was in front of what could be a bad number. The reality is that this market is...
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Downside Should Be Respected 06-02-2011
Thursday, June 2, 2011 - 3:41pm | 1011Cusick's Corner Where do you start? Well for one the data was not good (ISM/Claims showing slower growth) and Greece looked for certain to go into default. But wait, the ECB announces a new plan to bailout Greece, popping the Euro and other Currencies (especially commodity based currencies like...
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CFO Peter Hunt Leaving Pinnacle Airlines Corp.
Thursday, June 2, 2011 - 11:11am | 218Pinnacle Airlines Corp. (NASDAQ: PNCL) announced today that Vice President and CFO Peter D. Hunt is leaving the company to become Senior Vice President and Chief Financial Officer of Virgin America Airlines in San Francisco. His last day at Pinnacle will be June 15. "This was a difficult decision...
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Calls Purchased on Southwest Airlines Co.
Thursday, June 2, 2011 - 10:20am | 127Shares of Southwest Airlines Co. (NYSE: LUV) are higher on the session by 0.60%, currently trading at $11.66. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying calls on the name today....
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AirTran Airways Partners With Expedia Affiliate Network
Wednesday, June 1, 2011 - 3:36pm | 80Expedia® Affiliate Network, a division within the Expedia, Inc. (NASDAQ: EXPE) group dedicated to private label partnerships, announced a partnership today with AirTran Airways, a subsidiary of Southwest Airlines Co (NYSE: LUV). AirTran customers can now book hotels or vacation packages...
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Options Brief: JetBlue Airways Corporation
Wednesday, June 1, 2011 - 2:30pm | 89Shares of JetBlue Airways Corporation (NASDAQ: JBLU) are lower on the session by 3.05%, trading at $5.88. Overall call volume is now running at 2.29x the daily average, with 79% of all calls traded being purchases on the offer. 3,783 contracts have traded on the session so far. JetBlue Airways...
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UPDATE: American Airlines Adds Sabre to Federal Antitrust Lawsuit
Wednesday, June 1, 2011 - 1:26pm | 222American Airlines (NYSE: AMR) today added Sabre Holdings Corp., to the federal antitrust lawsuit originally filed in April 2011 against Travelport, LLC. The amended lawsuit, filed in the United States District Court for the Northern District of Texas, seeks to stop exclusionary, anti-consumer and...
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Bull & Bear: Delta Air Lines
Tuesday, May 31, 2011 - 3:09pm | 306Shares of Delta Air Lines (NYSE: DAL) are flat on the session, trading at $10.00. With shares recently sliding through the 50-day moving average, you have to wonder where they could head next… Bulls: Bulls will note that shares recently formed a high-volume bottom that sent Delta Air Lines soaring...
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Merger Arbitrage Mondays – May 30, 2011
Monday, May 30, 2011 - 6:17am | 4823Merger activity decreased last week with three 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 78 Total Number of Deals...
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Pinnacle Airlines Corp. Names Sean Menke President, CEO
Wednesday, May 25, 2011 - 4:32pm | 66Pinnacle Airlines Corp. (NASDAQ: PNCL) has named Sean E. Menke as its new President and CEO. Menke, a veteran airline executive and Managing Partner at Vista Strategic Group LLC in Denver, Colo., succeeds Philip H. Trenary. He is expected to begin his new duties on July 1, 2011. Menke will also...
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Which Sector Is Worst, Homebuilders Or Airlines?
Wednesday, May 25, 2011 - 3:45pm | 384The homebuilder, and airline sectors give us tremendous trading opportunities on a daily basis, however, these two sectors are simply terrible long term investments. The current economic climate simply cannot support these industries. Since August 2005, the housing stocks have tumbled lower and...