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Airline Industry Outlook - Jan. 2011 - Industry Outlook
Friday, January 21, 2011 - 5:01pm | 1484The economic downturn in 2009 and the oil price hike in 2008 had hit the airline industry hard. Now, with a revival in the economy, demand for air travel is improving. Revenue and profits of U.S. carriers are increasing with a surge in ticket demand, higher fares as well as improved revenues...
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Airline Industry Outlook - Jan. 2011 - Industry Outlook
Friday, January 21, 2011 - 4:53pm | 1484The economic downturn in 2009 and the oil price hike in 2008 had hit the airline industry hard. Now, with a revival in the economy, demand for air travel is improving. Revenue and profits of U.S. carriers are increasing with a surge in ticket demand, higher fares as well as improved revenues...
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Hudson Securities Neutral On jetBlue (JBLU)
Friday, January 21, 2011 - 4:11pm | 86Hudson Securities has a Neutral rating and a $7 price target on shares of jetBlue (NASDAQ: JBLU). In a note to clients, Hudson writes, "This past Tuesday, JetBlue reported in its Dec traffic release that unit revenues rose 3%, materially less vs our outlook. Mgmt reported: “The severe weather in...
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Hudson Maintains Buy on Southwest Airlines (LUV)
Friday, January 21, 2011 - 11:54am | 125Hudson is out with its report on Southwest Airlines (NYSE: LUV), maintaining Buy on LUV. In a note to clients, Hudson writes, "Our unchanged $17 PT is based on shares of LUV trading at 15x our 2011E EPS of $1.10. Products under construction including a new revenue management system which we believe...
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Seagate Matches EPS, Misses Rev. - Analyst Blog
Friday, January 21, 2011 - 11:01am | 822Seagate Technology plc (STX) reported second quarter fiscal 2011 earnings per share of 33 cents, which was in line with the Zacks Consensus Estimate. However, revenue of $2.72 billion missed the Zacks Consensus Estimate of $2.73 billion. Following the earnings results, Seagate's share price...
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Seagate Matches EPS, Misses Rev. - Analyst Blog
Friday, January 21, 2011 - 10:45am | 822Seagate Technology plc (STX) reported second quarter fiscal 2011 earnings per share of 33 cents, which was in line with the Zacks Consensus Estimate. However, revenue of $2.72 billion missed the Zacks Consensus Estimate of $2.73 billion. Following the earnings results, Seagate's share price...
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Hudson Has Buy On Southwest Airlines (LUV)
Friday, January 21, 2011 - 10:34am | 214Hudson Securities has a Buy rating and a $17 price target on shares of Southwest Airlines (NYSE: LUV). In a note to clients, Hudson writes, "Even with LUV's recent fare increases, our EPS expectation for 1Q11 falls to $0.05 (from prior $0.12) on fuel. However, recent industry wide pricing power...
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Copa Airlines Announces 2011 Expansion Plans
Friday, January 21, 2011 - 10:26am | 115Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA) announced today that as of June 2011 it will increase daily flight frequencies to several countries in its extensive route network, offer more convenient schedules and begin service to three new destinations: Toronto, Canada; Porto Alegre...
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US Airways and Expedia Sign New Multi-Year Partnership
Friday, January 21, 2011 - 9:03am | 124US Airways (NYSE: LCC) and Expedia, Inc. (Nasdaq: EXPE), today announced they have signed a multi-year strategic partnership agreement to continue offering US Airways' full range of products and services, including all fares and inventory, through Expedia, Hotwire and Egencia sites around the world...
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Airline Industry Outlook - Jan. 2011 - Zacks Analyst Interviews
Friday, January 21, 2011 - 1:00am | 1445The economic downturn in 2009 and the oil price hike in 2008 had hit the airline industry hard. Now, with a revival in the economy, demand for air travel is improving. Revenue and profits of U.S. carriers are increasing with a surge in ticket demand, higher fares as well as improved revenues...
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Airline Industry Outlook - Jan. 2011 - Industry Outlook
Friday, January 21, 2011 - 1:00am | 1445The economic downturn in 2009 and the oil price hike in 2008 had hit the airline industry hard. Now, with a revival in the economy, demand for air travel is improving. Revenue and profits of U.S. carriers are increasing with a surge in ticket demand, higher fares as well as improved revenues...
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LAN & TAM Merge - Analyst Blog
Thursday, January 20, 2011 - 5:01pm | 528LAN Airlines S.A. (LFL) and TAM S.A. (TAM) finally signed agreements for their merger which was proposed in August 2010. The merged entity is christened as LATAM Airlines Group S.A. (LATAM). On conclusion of the merger, LAN will become the parent company with a 73% stake in TAM and shareholders...
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LAN & TAM Merge - Analyst Blog
Thursday, January 20, 2011 - 4:21pm | 528LAN Airlines S.A. (LFL) and TAM S.A. (TAM) finally signed agreements for their merger which was proposed in August 2010. The merged entity is christened as LATAM Airlines Group S.A. (LATAM). On conclusion of the merger, LAN will become the parent company with a 73% stake in TAM and shareholders...
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A Marginal Miss for Southwest - Analyst Blog
Thursday, January 20, 2011 - 3:31pm | 733Before the market opened today, low-cost carrier Southwest Airlines Co. (LUV) reported its fourth quarter adjusted earnings of 15 cents per share, missing the Zacks Consensus Estimate by a penny. Adjusted earnings shot up 50% from the year-ago earnings of 10 cents per share. Despite higher fuel...
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A Marginal Miss for Southwest - Analyst Blog
Thursday, January 20, 2011 - 2:54pm | 733Before the market opened today, low-cost carrier Southwest Airlines Co. (LUV) reported its fourth quarter adjusted earnings of 15 cents per share, missing the Zacks Consensus Estimate by a penny. Adjusted earnings shot up 50% from the year-ago earnings of 10 cents per share. Despite higher fuel...