-
Slow Grind Squeezes Shorts 03-03-2011
Thursday, March 3, 2011 - 4:34pm | 871Cusick's Corner Dollar weak, Oil stable (for now) and the rest of the world readying to fight inflation -- the market is up across the board. The data both domestically and internationally is coming in better than expected, ramping up expectations of further upticks in employment and economic...
-
Options Brief: Delta Air Lines, Inc. (DAL)
Thursday, March 3, 2011 - 11:48am | 73Shares of Delta Air Lines, Inc. (NYSE: DAL) are higher on the session by 0.39%, trading at $10.19. Overall put volume is now running at 4.42x the daily average, with 2% of all puts traded being purchases on the offer. 20,656 contracts have traded on the session so far. Delta Air Lines, Inc....
-
US Airways February Traffic up
Thursday, March 3, 2011 - 9:09am | 64US Airways Group, Inc. (NYSE: LCC) today announced February and year-to-date 2011 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.0 billion, up 4.1 percent versus February 2010. Mainline capacity was 5.2 billion available seat miles (ASMs), up 5.3 percent...
-
AirTran Airways Reports February Traffic (AAI)
Wednesday, March 2, 2011 - 5:00pm | 55AirTran Airways, a subsidiary of AirTran Holdings (NYSE: AAI), today reported traffic for the month of February. For the month, traffic grew by 2.7 percent to more than 1.3 billion revenue passenger miles. The airline enplaned more than 1.66 million passengers, a 2.4 percent increase over the same...
-
AirTran Airways February Traffic up 2.7%
Wednesday, March 2, 2011 - 4:53pm | 56AirTran Airways, a subsidiary of AirTran Holdings, Inc. (NYSE: AAI), today reported traffic for the month of February. For the month, traffic grew by 2.7 percent to more than 1.3 billion revenue passenger miles. The airline enplaned more than 1.66 million passengers, a 2.4 percent increase over the...
-
Hudson Securities Comments On AMR (AMR, UAL, DAL, LCC, ALGT, LUV)
Wednesday, March 2, 2011 - 10:03am | 138Hudson Securities provided color on AMR (NYSE: AMR) in a research report published today. Hudson Securities has previously given AMR a Neutral rating and $8 price target. In the report, Hudson Securities states, "The group sold off on a jump in fuel prices, but also AMR's rev outlook which...
-
Hudson Maintains Neutral on AMR Corp (AMR)
Wednesday, March 2, 2011 - 9:52am | 135Hudson is out with its report today on AMR Corp (NYSE: AMR), maintaining Neutral. In a note sent to clients, Hudson writes, "No change to our $8 PT based on AMR's enterprise value trading at 8.0x our 2011E EBITDAR, with valuation support at current levels tied to the spinoff of AMR Eagle and a GDS...
-
Options Brief: US Airways Group (LCC)
Tuesday, March 1, 2011 - 3:50pm | 92Shares of US Airways Group (NYSE: LCC) are lower on the session by 6.62%, trading at $8.04. Overall put volume is now running at 4.90x the daily average, with 45% of all puts traded being purchases on the offer. 20,502 contracts have traded on the session so far. US Airways Group, Inc. is a...
-
American Airlines Flying Less This Year (AMR)
Tuesday, March 1, 2011 - 2:49pm | 126As a result of higher fuel prices, American Airlines (NYSE: AMR) said it will fly less than previously expected, despite a rise in travel demand. If other airlines copy suit, pricing power would come back to the industry. The airlines have already raised fares a few times this year, as higher...
-
Boeing, TAM Complete $568M Contract for Two 777-300ERs
Monday, February 28, 2011 - 9:08am | 60Boeing (NYSE: BA) and TAM Linhas Aereas (NYSE: TAM) today announced the Brazilian carrier ordered two additional 777-300ERs with two purchase rights. Today's order, valued at approximately $568 million at current list prices, brings the total number of 777s TAM has on order to 12.
-
Hudson Securities Has Buy On Delta Air Lines (DAL)
Thursday, February 24, 2011 - 4:30pm | 124Hudson Securities is out with a research report on shares of Delta Air Lines (NYSE: DAL) with a Buy rating and a $20 price target. In a note to clients, Hudson writes, "For now, modest downside to Street estimates exists in 1Q, less so in 2Q given recent pricing actions by the industry. The current...
-
Southwest Airlines Announces New AirTran Transition Agreement With Pilots' Union
Thursday, February 24, 2011 - 12:04pm | 115Southwest Airlines (NYSE: LUV) announced today that it has reached an agreement with its Pilots, represented by the Southwest Airlines Pilots' Association (SWAPA), on an initial Transition Agreement that establishes a procedural framework for eventually integrating the Pilots of Orlando-based...
-
Goldman Sachs Raises EPS Estimates on Republic Airways Holdings (RJET)
Thursday, February 24, 2011 - 10:21am | 129Goldman Sachs is out with its report today on Republic Airways Holdings (NASDAQ: RJET), raising EPS estimates on RJET. In a report sent to clients, Goldman Sachs states, "Republic Airways reported strong December quarter results, with revenue/non-GAAP EPS of $649.8 mn/$0.18 coming in ahead of the...
-
Fast Money Pops & Drops, February 23rd (LCC, F, TJX, PBR)
Wednesday, February 23, 2011 - 9:10pm | 237On CNBC's Fast Money, Brian Kelly said that a rally in crude oil is a problem for US Airways Group, Inc. (NYSE: LCC), and also for other airline companies. US Airways Group, Inc. (LCC) fell 7.42% today, and closed at $8.49. JJ Kinahan said that demand for cars drops when oil is trading near $100....
-
Grounded: $100 Oil Spells Doom For Airline ETFs
Wednesday, February 23, 2011 - 3:05pm | 355It's obvious that one need not have an MBA from Harvard to figure out that rising oil prices are not the best of news for airline stocks. Just as oil prices started to perk up in earnest last year, we touched on this very topic, arguing that airlines would be imperiled by higher oil prices...