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Copa Holdings October Traffic up 14.6%
Tuesday, November 9, 2010 - 5:34pm | 161Copa Holdings, S.A. (NYSE: CPA), and its Copa Airlines and Copa Airlines Colombia operating subsidiaries, today released preliminary passenger traffic statistics for October 2010: For the month of October 2010, Copa Holdings' system-wide passenger traffic (RPM) increased 14.6%, while capacity (ASM...
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JetBlue Airways Names Stanley McChrystal to its Board
Tuesday, November 9, 2010 - 5:04pm | 30JetBlue Airways (Nasdaq: JBLU) today announces the appointment of retired General Stanley A. McChrystal to the New York-based corporation's board of directors.
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Pinnacle Airlines Soars 14.5% On Earnings Beat (PNCL)
Tuesday, November 9, 2010 - 4:21pm | 195Shares of Pinnacle Airlines Corp. (Nasdaq: PNCL) are currently up 14.5% at $6.48 per share during Tuesday afternoon trading. Today's trading range for shares of Pinnacle Airlines Corp has been between $5.87 and $6.67 per share. The consensus price target of analysts covering the company's stock is...
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Southwest Airlines and AirTran Holdings Each Receive Antitrust Second Request from DOJ
Tuesday, November 9, 2010 - 2:48pm | 164Southwest Airlines Co. (NYSE: LUV) and AirTran Holdings, Inc. (NYSE: AAI) announced today that each received a request yesterday for additional information from the Antitrust Division of the United States Department of Justice (DOJ) in connection with Southwest's previously announced proposed...
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SkyWest, Inc. October Traffic up 11.3%
Tuesday, November 9, 2010 - 1:44pm | 94SkyWest, Inc. (Nasdaq: SKYW) reported an 11.3 percent increase in departures to 80,530 for October compared to 72,335 for the same period last year. Passenger boardings for October increased 10.9 percent to 3,306,720 compared to 2,981,682 for the same period last year. SkyWest also reported an 9....
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Afternoon Market Update (LDK, JBLU, UAL, DAL, LCC, PCLN)
Tuesday, November 9, 2010 - 1:02pm | 181Shares of LDK Solar Co (NYSE: LDK) surged about 7.2% after the company reported three-fold y/y rise in its Q3 earnings. The company projects its Q4 revenue between $710 million and $750 million. However, analysts estimated revenue of $579.4 million for the same period. US Airline stocks moved down...
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GOL Records Demand Growth of 11.2% in October
Monday, November 8, 2010 - 5:59pm | 32GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL) recorded an 11.2% year-on-year demand increase of its route network, led by the 37.8% upturn in international demand.
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Republic Airways Shares Down 13.6% (RJET)
Monday, November 8, 2010 - 2:05pm | 145Shares of Indianapolis, Indiana based Republic Airways Holdings, Inc. (Nasdaq: RJET) are currently down 13.6% at $7.84 per share during Monday afternoon trading. Today's trading range for shares of Republic Airways Holdings, Inc has been between $7.83 and $8.89 per share. The consensus price target...
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5 Bad Deals For Consumers To Avoid
Monday, November 8, 2010 - 1:15pm | 378(TheStreet) -- Consumers' confidence and sentiment are down, and who can blame them? Even when they try to be frugal, someone's getting them to splurge. The Conference Board's Consumer Confidence Index was down 4.7 points last month, while the Thompson Reuters/University of Michigan Consumer...
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Morgan Stanley Forecasts TAM 3Q10e EPADS of $2.53
Monday, November 8, 2010 - 10:46am | 96When TAM (NYSE: TAM) report its 3Q10 results on November 12, Morgan Stanley anticipates 3Q10e EPADS of US$2.53. “Revenue of R$2,930 mn is forecast, up 23.0% y-y, driven by strong traffic growth from both domestic and international segments, up 24.5% and 20.6% y-y, respectively,” Morgan Stanley...
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As Market Hits New Highs, VIX Takes a Tumble
Monday, November 8, 2010 - 10:30am | 1538Early last week, I saw an article on CNBC that talked about investors moving back into equity funds for the first time in six months. This development was followed by the election, the Fed announcement on the latest round of quantitative easing (QE2), and the subsequent strong rally in the...
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Morgan Stanley Forecasts Gol Airlines 3Q10e EPADS of $0.27
Monday, November 8, 2010 - 10:30am | 97Gol Airlines (NYSE: GOL) is expected to report 3Q10 results on November 11, before the market open. Today, Morgan Stanley said that it forecasts 3Q10e EPADS of $0.27, driven by traffic growth and FX. “We forecast net revenue of R$1,805 mn, up 20.6% y-y, with 23.2% y-y traffic growth and a 71.2%...
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Google Chrome Takes to Provide Free Wi-Fi on AirTran, Delta and Virgin America Flights
Monday, November 8, 2010 - 10:05am | 97Today, the Google (NASDAQ: GOOG) Chrome browser team announced that it has teamed up with AirTran (NYSE: AAI), Delta (NYSE: DAL) and Virgin America, to provide free Gogo® Inflight Internet to their passengers throughout the holiday season. Travelers flying on AirTran, Delta or Virgin America...
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A Peek Into The Market Before The Trading Starts
Monday, November 8, 2010 - 8:07am | 400Pre-open movers US stock futures are signaling lower start on Wall Street today. Futures on the Dow Jones Industrial Average lost 29 points to 11,347.00 and S&P 500 futures fell 5.70 points to 1,217.30. Nasdaq 100 futures dropped 7.25 to 2,177.50. A Peek Into Global Markets Negative sentiments...
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Republic Airways Profits And Revenues Surge (RJET)
Monday, November 8, 2010 - 7:42am | 145Indianapolis, Indiana based Republic Airways Holdings, Inc. (Nasdaq: RJET) on Monday morning released financial results. Republic Airways Holdings, Inc reported that its 3rd quarter net income rose to $21.3 million, or 58 cents per share, up from $3.3 million, or 9 cents per share, a year earlier....