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Deutsche Bank Lowers 2011E EPS Estimate For DAL
Tuesday, March 22, 2011 - 9:16am | 91Deutsche Bank has lowered EPS estimates for Delta Air Lines (NYSE: DAL) after the Japan earthquake. According to Deutsche Bank, "We are lowering our March quarter loss per share estimate from $0.40 to $0.50 to incorporate the impact of the Japanese earthquake. As we believe the net impact from the...
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Delta Says It Has No Intention to Issue Equity
Tuesday, March 22, 2011 - 8:48am | 19Delta (NYSE: DAL) Says It Has No Intention to Issue Equity.
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Merger Arbitrage Mondays – March 21, 2011
Monday, March 21, 2011 - 1:24am | 4927Merger activity increased last week with four new deals announced and two deals closing. Over the weekend, AT&T (T) announced that it was buying T-Mobile USA in a deal worth $39 billion. Sprint's (S) stock had trended upwards in recent week on expectations that it would merge with T-Mobile....
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Hawaiian Holdings, Inc. Prices $75.0 Million Convertible Senior Notes Offering
Friday, March 18, 2011 - 7:46am | 88Hawaiian Holdings, Inc. (NASDAQ: HA), parent company of Hawaiian Airlines, Inc., today announced the pricing of $75.0 million aggregate principal amount of its 5.00% Convertible Senior Notes due 2016 in an underwritten public offering. The offering is expected to close on March 23, 2011, subject...
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Fast Money Pops & Drops, March 17th (AKAM, NBL, UPS, DAL, MMI)
Thursday, March 17, 2011 - 9:00pm | 279CNBC Fast Money's Jon Najarian said on the show that Stifel Nicolaus upgraded Akamai Technologies, Inc. (NASDAQ: AKAM) today, and the stock jumped 4.32%. He added that he would buy this stock. Akamai Technologies (AKAM) gained 4.32% today, and closed at $36.47. Joe Terranova said that Noble Energy...
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Airline Stocks Fail To Take Off With Indexes
Thursday, March 17, 2011 - 3:59pm | 283The major airlines stocks have not participated in today's rally. These stocks have been in a down trend since early November 2010 and continue to look weak on the daily charts. AMR Corp.(NYSE: AMR) is trading lower today by 0.12 cents to $6.32 a share. This stock recently found a short term low...
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Southwest Airlines Seeks Mediation Assistance With Its Dispatchers
Thursday, March 17, 2011 - 10:03am | 56Southwest Airlines (NYSE: LUV) is currently in contract negotiations with its Dispatchers, represented by Transport Workers Union 550. At yesterday's negotiating session, the carrier announced that it will seek assistance from the National Mediation Board through the mediation process as defined by...
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Pinnacle Airlines Corp. CEO Phil Trenary to Step Down
Monday, March 14, 2011 - 4:33pm | 63Philip Trenary, President and CEO of Pinnacle Airlines Corp. (Nasdaq: PNCL) has decided to resign his position effective March 24 to pursue other interests outside the company. Pinnacle Board of Directors Chairman Donald J. Breeding will assume the role of Interim CEO until a search can commence...
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Quarterly Changes to the NASDAQ Q-50 Index
Monday, March 14, 2011 - 11:33am | 283The NASDAQ OMX Group, Inc. (Nasdaq: NDAQ) announced today the results of the quarterly re-ranking of the NASDAQ Q-50 Index (Nasdaq:NXTQ), which will become effective prior to market open on Monday, March 21, 2011. The following eight securities will be added to the Index: Charter Communications,...
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Top 4 Mid-Cap Stocks In The Major Airlines Industry With The Highest Operating Margin (DAL, UAL, ZNH, TAM)
Monday, March 14, 2011 - 3:34am | 149Below 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 Delta Air Lines Inc (NYSE: DAL) is 8.40%. DAL's revenue for the same period is $31.76 billion. The trailing-twelve-month operating margin at...
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Mad Money Lightning Round OT: Cramer Gives His Opinion On OPTR, ALK And CCME
Thursday, March 10, 2011 - 8:36pm | 224On CNBC's Mad Money Lightning Round OT, Jim Cramer said that Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) is a speculative play. It is a part of pharmaceutical diversified portfolio, and Cramer believes that it is too risky. He is not a buyer of this stock. Optimer Pharmaceuticals, Inc. (OPTR) fell...
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JetBlue Airways Reports February Traffic
Thursday, March 10, 2011 - 2:08pm | 131JetBlue Airways Corporation (NASDAQ: JBLU) reported its preliminary traffic results for February 2011. Traffic in February increased 9.0 percent from February 2010, on a capacity increase of 1.4 percent. Load factor for February 2011 was 80.1 percent, an increase of 5.6 points from February 2010...
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Broad Based Tumble, However, Here Are The Pockets Of Strength
Thursday, March 10, 2011 - 11:13am | 279The major stock indexes are all declining sharply lower this morning to start the day. The sell off is broad based as just about every sector in the market is selling off sharply. The only sign of strength in the market is in the U.S. Dollar Index. The U.S. Dollar has been one of the weakest...
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SkyWest, Inc., Reports Combined February 2011 Traffic for SkyWest Airlines (SKYW)
Wednesday, March 9, 2011 - 4:22pm | 116SkyWest, Inc., (Nasdaq: SKYW) reported a 44.7 percent increase in departures to 99,698 for February compared to 68,919 for the same period last year. Passenger boardings for February increased 40.1 percent to 3,765,343 compared to 2,687,224 for the same period last year. SkyWest also reported a 42...
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US Airways Employees Share $47 Million in Profit Sharing
Wednesday, March 9, 2011 - 9:35am | 84For the first time since 2007, US Airways' (NYSE: LCC) employees will receive profit sharing checks recognizing their contribution to the Company's second most profitable year ever. Today's payout to eligible employees totals more than $47 million. In addition to today's profit sharing payouts,...