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Copa Airlines Signs Leases for Ten New Boeing 737-800s
Wednesday, November 17, 2010 - 3:47pm | 69Copa Airlines, subsidiary of Copa Holdings, S.A. (NYSE: CPA), today announced that it has signed lease agreement for ten Boeing (NYSE: BA) 737-800 airplanes, five for delivery in 2011 and five during 2012. Including these leases, Copa Airlines now has firm orders and delivery commitments for 33...
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Bulls Betting Delta Flies (DAL)
Wednesday, November 17, 2010 - 2:46pm | 204Share of Delta Airlines Inc. (NYSE: DAL) are currently lower on the session by 0.15%, trading at $13.13. The stock has been moving largely higher over the past three months, bouncing off of the $9.60 level and rallying above the 50-day and 200-day moving averages. While Delta found resistance near...
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Afternoon Market Update (CHS, UAL, DAL, AMR)
Wednesday, November 17, 2010 - 1:11pm | 188Crude oil futures moved down, while gold futures rose, after separate reports depicted a decline in consumer prices and housing starts for the month of October. Crude oil for January delivery lost $0.01 at $82.76 per barrel. Gold for December delivery gained 0.1% to $1,340 an ounce. Shares of Chico...
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TAM 3Q Net Income Beats Morgan Stanley Estimate
Wednesday, November 17, 2010 - 12:38pm | 84TAM's (NYSE: TAM) 3Q10 net income of R$740 mn “beat our estimate of R$692 mn,” Morgan Stanley reports. Consensus was diffuse, with a median at R$87 mn. “Revenue of R$2.9 bn was up 23.4% on 23.6% traffic growth, in line with our estimate,” Morgan Stanley writes. “Lower-than-expected maintenance...
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TAM Posts Decent Results - Analyst Blog
Wednesday, November 17, 2010 - 9:45am | 725Brazilian airport operator TAM S.A. (TAM) reported decent results for the third quarter of fiscal 2010 with a 31.6% increase in adjusted net income and a 23.4% rise in adjusted revenue. Adjusted net income excludes the reversal of tariff for TAM. In September 2010, the Superior Court of Justice...
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Market Roundup (XOM, CVX, ALK, AMR, UAL, TIII)
Tuesday, November 16, 2010 - 1:42pm | 233US energy stocks fell with crude oil prices. Some of the top losers in the list include Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX). The NYSE Arca Oil Index (XOI) lost about 3%, while the NYSE Arca Natural Gas (XNG) fell about 2.3%. The Philadelphia Oil Service Index (OSX) moved down about 2%....
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Southwest Airlines Adds Three New Nonstop Destinations
Tuesday, November 16, 2010 - 12:03pm | 34Southwest Airlines (NYSE: LUV) announced today that the carrier will add three new nonstop destinations from Denver with daily, nonstop flights to Columbus, Jacksonville, and Pittsburgh.
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Benzinga's Top Downgrades (PQ, BUCY, GSIC, LFL)
Tuesday, November 16, 2010 - 9:36am | 145PetroQuest Energy Inc (NYSE: PQ) was downgraded by Madison Williams from "buy" to "accumulate." PQ's shares closed at $7.20 yesterday. PetroQuest Energy's 52-week trading range is $4.70-$8.84. Bucyrus International Inc (NASDAQ: BUCY) was downgraded by Jefferies & Co from "buy" to "hold." BUCY's...
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Soros Adds To Apple Position (AAPL)
Monday, November 15, 2010 - 6:29pm | 142According to George Soros' latest 13-F, the investing legend has added to his positions in InterOil (NYSE: IOC), and Apple Computer (NASDAQ: AAPL). He also bought shares of American Axle (NYSE: AXL) in the last quarter. He cut his holdings in Akamai (NASDAQ: AKAM), ADC Communications (NASDAQ: ADCT...
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GOL's Upbeat Results - Analyst Blog
Monday, November 15, 2010 - 5:42pm | 501The first Brazilian low-fare airline, GOL Linhas Aereas (GOL) reported net income of R$110.0 million (US$62.5 million) for the third quarter of 2010 compared to R$77.9 million (US$41.4 million) in the year-earlier quarter. The increase was driven by the significant leap in market demand and...
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Investors Sell Long-Term Calls in Procter & Gamble (NYSE:PG)
Monday, November 15, 2010 - 3:43pm | 1733Consumer-products giant The Procter & Gamble Company (NYSE:PG) is up about 7% year-to-date. While nothing to sneeze at, this is below the 8% gain seen in the overall broader market. Both of these measurements are price return only, not including dividends. Since the overall market has about a...
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SkyWest Completes Acquisition of ExpressJet
Monday, November 15, 2010 - 1:23pm | 60SkyWest, Inc. (Nasdaq: SKYW) today announced the completion of its acquisition of ExpressJet Holdings, Inc., the parent company of ExpressJet Airlines, Inc.. As a result of a merger transaction declared effective earlier today, ExpressJet Holdings, Inc. became a wholly-owned subsidiary of...
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Zacks Analyst Blog Highlights: LAN Airlines S.A., The Boeing Co., TAM S.A, PPL Corporation and MeadWestvaco Corporation - Press Releases
Monday, November 15, 2010 - 11:30am | 1734For Immediate Release Chicago, IL – November 15, 2010 – Zacks.com Analyst Blog features: LAN Airlines S.A. (LFL), The Boeing Co. (BA), TAM S.A. (TAM), PPL Corporation (PPL) and MeadWestvaco Corporation (MWW). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros...
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Deutsche Bank Raises Republic Airways PT To $13
Monday, November 15, 2010 - 8:36am | 126Deutsche Bank is raising its earnings outlook for Republic Airways (NASDAQ: RJET) based on the trajectory of earnings improvement observed since the start of the year as the company executes on the Frontier Airlines business plan (e.g. Sep Q results were the best in the company's history). “Our new...
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Benzinga's Top Upgrades (RJET, KWK, CL, UNP)
Monday, November 15, 2010 - 8:33am | 153Republic Airways Holdings Inc (NASDAQ: RJET) was upgraded by Deutsche Bank from "hold" to "buy." RJET's shares closed at $8.09 on Friday. Shares of Republic Airways have gained 9.62% year-to-date. Goldman Sachs upgrade Quicksilver Resources Inc (NYSE: KWK) from "sell" to "neutral." KWK's shares...