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Earnings Preview: GOL Linhas Aereas - Analyst Blog
Friday, November 5, 2010 - 4:45pm | 675GOL Linhas Aereas (GOL) is slated to announce its third quarter results on November 9. The Zacks Consensus Estimate is 19 cents, a penny above the year-earlier earnings of 18 cents. Second Quarter Highlights GOL reported second quarter results with a net loss (excluding one-time items) of R$...
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AMR Flying High (AMR)
Friday, November 5, 2010 - 9:06am | 56Shares of AMR Corporation (NYSE: AMR) are up 12 cents in pre-market trading to $8.46, a gain of 1.4% on back of that Southwest Airline's (NYSE: LUV) traffic rose in October, up 8.3%. AMR Corporation is an airline company based in the United States.
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Southwest Airlines October Load Factor 81.7%
Friday, November 5, 2010 - 8:46am | 83Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 6.9 billion revenue passenger miles (RPMs) in October 2010, an 8.3 percent increase from the 6.3 billion RPMs flown in October 2009. Available seat miles increased 5.0 percent to 8.4 billion from the October 2009 level of 8.0...
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Hawaiian Airlines October Load Factor 87.3%
Friday, November 5, 2010 - 8:06am | 33Hawaiian Airlines, Inc., a subsidiary of Hawaiian Holdings, Inc. (Nasdaq: HA), today announced its systemwide traffic statistics for the month of October. PAX: 700,369 RPMS (000): 738,232 LF: 87.3%
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American Airlines Responds to Orbitz and Travelport
Thursday, November 4, 2010 - 3:59pm | 151Customers still can compare fares and purchase tickets for travel on American Airlines (NYSE: AMR) on Orbitz and Orbitz-powered sites today, and we will continue to negotiate in good faith to reach a viable, mutually beneficial agreement with Orbitz. AA's position remains that our distribution...
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Gulfstream Trading Halted
Thursday, November 4, 2010 - 3:44pm | 13Gulfstream International (GIA) trading is halted.
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Afternoon Market Update (TWC, AMR, JBLU, ONXX)
Thursday, November 4, 2010 - 12:05pm | 155Shares of Time Warner Cable Inc (NYSE: TWC) surged after the company announced its plans of $4 billion stock repurchase. The company also reported 34% y/y rise in its Q3 profit. TWC shares are up about 5.5%. US Airline stocks moved up after American Airlines reported its passenger-traffic demand...
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SkyWest Exceeds Estimates
Thursday, November 4, 2010 - 8:47am | 113Dahlman Rose has published a research report on SkyWest, Inc. (NASDAQ: SKYW) after the company reported 3Q EPS that exceeded estimates and thus put pressure on margins. In the report, Dahlman Rose writes "Genco reported 3Q10 EPS of $0.99, beating our $0.86 estimate as well as the $0.96 consensus...
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American Eagle Airlines October Traffic up 18.3%
Wednesday, November 3, 2010 - 4:26pm | 60American Eagle reported an October traffic increase of 18.3 percent year over year as capacity increased 15.0 percent. October load factor was 75.4 percent, an increase of 2.1 points compared to the same period last year. American Eagle boarded more than 1.7 million passengers in October. American...
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American Airlines October Load Factor 83.6%
Wednesday, November 3, 2010 - 4:07pm | 71American Airlines (NYSE: AMR) reported an October load factor of 83.6 percent, an increase of 0.5 points versus the same period last year. Traffic increased 5.2 percent and capacity increased 4.6 percent year over year. Domestic traffic increased 1.6 percent year over year on 0.7 percent more...
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Republic Airways Announces CFO to Leave in 2011
Wednesday, November 3, 2010 - 3:05pm | 64Republic Airways Holdings Inc. (NASDAQ: RJET) announced today that Robert “Hal” Cooper, its executive vice president and chief financial officer, has decided to retire from the airline industry. Cooper will remain in his current role until a successor has been named and a transition is completed,...
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Visa (NYSE:V) Shares in Limbo Ahead of the Holidays
Wednesday, November 3, 2010 - 2:59pm | 1986Visa Inc. (NYSE:V) moved slightly lower last week despite a positive earnings surprise and an encouraging guidance for the current fiscal year. Following this earnings report, RBC reiterated its “outperform” rating on Visa stock but lowered its 12-month price target to $100 from $113. This new...
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Market Roundup (DAL, PWR, HMC)
Wednesday, November 3, 2010 - 1:47pm | 231Delta Air Lines Inc (NYSE: DAL) reported an 8.6% y/y rise in its October traffic. The company's traffic came in at 16.61 billion revenue passenger miles, up from 15.3 billion revenue passenger miles, in the year-ago period. DAL's October load factor dropped to 83.4%, down from 84.1%, in the year-...
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Afternoon Market Update
Wednesday, November 3, 2010 - 1:00pm | 189Crude-oil futures moved higher after the Energy Information Administration depicted in-line rise in oil supplies. According to the EIA report, oil supplies increased 2 million barrels for the week ended October 29, in-line with the estimates. However, stockpiles of gasoline dropped 2.7 million...
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Delta Air Lines October Load Factor Decreased to 83.4%
Wednesday, November 3, 2010 - 11:32am | 40Delta Air Lines (NYSE: DAL) today reported traffic results for October 2010. System traffic in October 2010 increased 8.6 percent compared to October 2009 on a 9.5 percent increase in capacity. Load factor decreased 0.7 points to 83.4 percent.