Airlines

Deutsche Bank analyst Michael Linenberg downgraded Mesa Air Group Inc (NASDAQ: MESA) to Hold from Buy and lowered the price target to $7 (an upside of 20.7%), from $15.  Linenberg says the company faces higher than average cost pressures in two areas for at least...

Following the market opening Friday, the Dow traded up 0.48% to 35,924.79 while the NASDAQ rose 0.47% to 15,579.93. The S&P also rose, gaining 0.60% to 4,695.55. The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 50,535,790 cases with around 815,...

MKM Partners analyst Conor Cunningham lowered the price target on Southwest Airlines Co (NYSE: LUV) to $56 (an upside of 25%) from $61 but maintained a Buy rating on the shares ahead of its investor day next week. Cunningham mentions the stock has fallen about 6% this...

Raymond James analyst Savanthi Syth lowered price targets for several airline stocks. New travel restrictions around the globe are expected to hamper the sector's recovery in an effort to prevent the transmission of a new COVID-19 variant. Delta Air Lines, Inc.'s (NYSE...

Wolfe Research analyst Hunter Keay upgraded his sector Airline sector rating to Overweight from Market Weight. Reflecting on the sector upgrade, the analyst upgraded his ratings for Southwest Airlines Co (NYSE: LUV) and Delta Air Lines, Inc. (NYSE: DAL) to Outperform...

Stock index futures are pointing to a higher open as President Joe Biden is expected to sign the infrastructure bill. Additionally, President Biden is scheduled to meet with President XI Jinping of China on Tuesday to discuss tariffs and supply chain issues. However, last week’s Michigan...

Southwest Airlines Co (NYSE: LUV) announced a 15-year offtake agreement with Velocys Renewables LLC for 219 million gallons of sustainable aviation fuel (SAF). Financial terms were not disclosed. Once blended with conventional jet fuel, the SAF could produce the equivalent of 575...

President Joe Biden is expected to sign an infrastructure bill that was passed through the House and the Senate over the weekend. The bi-partisan bill had support from 15 Republicans in the House, but six Democrats voted against it. Equity index futures are trading higher on the news, which means...

When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading...

Evercore ISI analyst Duane Pfenningwerth downgraded Southwest Airlines Co (NYSE: LUV) to In-Line from Outperform and lowered the price target of $48 (an upside of 0.51%) from $55.  Given his view of longer-lasting rebuild cost pressures and his opinion that Street...

Southwest Airlines Co (NYSE: LUV) reported a third-quarter FY21 operating revenue of $4.7 billion, a decline of 17% from Q3 2019, beating the consensus of $4.58 billion. Operating revenue grew by 161% year-over-year. Adjusted EPS improved to $(0.23) compared to $(1.99) in 3Q20,...

Mesa Air Group Inc's (NASDAQ: MESA) Mesa Airlines reported 29,524 block hours in September 2021, an increase of 35.6% year-over-year, attributable to continued increased flying and the relaxation of certain COVID restrictions. Departures in September 2021 increased 32.4% to 14,...

Today kicks off the unofficial start of the fall earnings season with some big banks in focus, but before investors can dive into the earnings news they have to deal with some Apple (NASDAQ: AAPL) news. After Tuesday’s close, Apple announced it was lowering projections on the new...

Bond traders are back to work on Tuesday after taking Monday off for Columbus Day. Bonds are trading higher this morning as yields are falling slightly. Lower yields could pull financial stocks lower on the day. However, stock traders appear to be hesitant to commit one way or another as stock...

Rising oil prices (/CL) appear to be leading a rally in many commodities including RBOB Gasoline futures (/RB) and heating oil (/HO). The rallies add to a week where inflation may play a big part. On Wednesday the Consumer Price Index (CPI) will be released along with...