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AirTran Airways and Air Line Pilots Association Reach Tentative Agreement with Pilots
Thursday, October 21, 2010 - 4:50pm | 101AirTran Airways, a subsidiary of AirTran Holdings, Inc., (NYSE: AAI) today announced it has reached a tentative agreement on terms of a new five-year pilot collective bargaining agreement with the Air Line Pilots Association (ALPA). AirTran Airways has more than 1,700 pilots represented by ALPA....
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Market Roundup (VRA, DAL, AMZN)
Thursday, October 21, 2010 - 12:50pm | 325The US dollar rose slightly against a basket of currencies after the euro moved down. The dollar index (DXY) gained 0.07% to 77.23, up from 77.147 late Wednesday. The euro was up 0.1218% to $1.3977 against US dollar, down from $1.40 earlier. The greenback also moved up 0.1861% against Canadian...
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Southwest Beats on Travel Demand - Analyst Blog
Thursday, October 21, 2010 - 12:33pm | 479Before the opening bell,the low-cost carrier Southwest Airlines Co. (LUV) declared its third-quarter 2010 adjusted earnings of 26 cents per share surpassing the Zacks Consensus Estimate of 25 cents and the year-ago earnings of 4 cents. Higher business travel demand and strong traffic led to the...
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Stock Market News for October 21, 2010 - Market News
Thursday, October 21, 2010 - 10:03am | 1065A batch of stronger-than-anticipated earnings reports and a weaker dollar helped markets stage a smart rebound after Tuesday's losses, and investors picked up material and energy stocks. Markets had dropped on Tuesday on fears Beijing's decision to raise interest rates would crimp economic growth...
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Delta Launches Nonstop Service Between Detroit and Sao Paulo
Thursday, October 21, 2010 - 10:01am | 66Delta Air Lines (NYSE: DAL) today connects its Detroit hub and South America for the first time, with new nonstop service to Sao Paulo, Brazil, the airline's latest expansion into Latin America. Service will operate twice weekly through Dec. 15, when it will increase to five days each week to...
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Critical Alerts For Cisco, Deere, American Airlines, Autodesk, and PPG Industries Released By Seven Summits Research
Thursday, October 21, 2010 - 9:41am | 422Seven Summits Research issues critical PriceWatch Alerts for CSCO, DE, AMR, ADSK, and PPG. To see what our analysts have discovered about these stocks read the Seven Summits Strategic Investments' PriceWatch Alerts at http://www.iotogo.com/s/102110A (Note: You may have to copy this link into your...
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Delta Air Lines 3Q EPS Exceeds Expectations
Thursday, October 21, 2010 - 9:40am | 108Dahlman Rose & Co. has reiterated its Buy rating and $16 price target on the common shares of Delta Air Lines, Inc. (NYSE: DAL). The company reported better than expected 3Q10 EPS and guided 4Q10 EPS to be profitable as well. Dahlman Rose & Co. believes the 2011 focus for Delta will be...
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Dahlman Rose & Co. Reiterates Rating And Price Target Following Record 3Q10 EPS
Thursday, October 21, 2010 - 9:35am | 145Who says airlines are in trouble? According to Dahlman Rose & Co., US Airways Group, Inc. (NYSE: LCC) reported record 3Q10 EPS. “We believe there is still room to go on the upside in these shares, even though they are up by 124% this year,” Dahlman Rose & Co. writes. “We believe better...
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AMR Corp. (NYSE:AMR) Puts and Delta (NYSE:DAL) Calls: Mixed Trading in the Airlines
Thursday, October 21, 2010 - 9:09am | 1737American Airlines parent AMR Corp. (NYSE:AMR) and Delta Airlines (NYSE:DAL) were active among option traders yesterday after their respective earnings reports. AMR investors seem to be looking for way downside hedges in the long term while Delta traders were apparently targeting short-term upside...
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Southwest Airlines Reports Third Quarter Earnings of $.27 per Share
Thursday, October 21, 2010 - 8:07am | 124Southwest Airlines (NYSE: LUV) today reported third quarter 2010 net income of $205 million, or $.27 per diluted share, compared to a net loss of $16 million, or $.02 loss per diluted share, for third quarter 2009. Both years' results included special items related to non-cash, mark-to-market,...
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Alaska Air Group Reports Record Third Quarter Results; EPS $3.21
Thursday, October 21, 2010 - 8:06am | 102Alaska Air Group, Inc. (NYSE: ALK) today reported record third quarter 2010 net income of $122.4 million, or $3.32 per diluted share, compared to net income of $87.6 million, or $2.46 per diluted share, in the third quarter of 2009. Excluding mark-to-market fuel hedge gains of $16.7 million ($10.4...
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A Peek Into The Market Before The Trading Starts
Thursday, October 21, 2010 - 7:59am | 453Pre-open movers US stock futures moved up, as investors are awaiting better-than-expected quarterly earnings. Futures on the Dow Jones Industrial Average gained 42 points to 11,105, while futures on the S&P 500 rose 5.60 points to 1,180. Nasdaq 100 futures moved up 13.25 points to 2,097. A...
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Top 4 Stocks In The Major Airlines Industry With The Highest EPS Estimates (LCC, DAL, TAM, AMR)
Thursday, October 21, 2010 - 4:38am | 153Below are the top major airline stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next year. The earnings estimate for US Airways Group Inc (NYSE: LCC) for the next year ending December, 2011 is $2.61 per share. LCC's quarterly earnings jumped 381.00% y/y. Delta Air Lines Inc...
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Earnings Scheduled For October 21 (MCD, CAT, T, LLY, CS, UAL, BAX, NVS, UNP, UPS, BBT, PM, RAI, CTXS, SNDK, JBLU, AXP, TRV, LUV, AMZN, STI, HSY, XRX, CB)
Thursday, October 21, 2010 - 4:27am | 616McDonald's (NYSE: MCD) is likely to post its Q3 EPS at $1.25 on $6.23 billion in revenue. Caterpillar (NYSE: CAT) is expected to post its Q3 profit at $1.09 per share on $10.48 billion in revenue. AT&T (NYSE: T) is projected to report its EPS at $0.55 in the third quarter on revenue of $31.25...
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Company News for October 20, 2010 - Corporate Summary
Wednesday, October 20, 2010 - 7:09pm | 655• BlackRock (NYSE: BLK) topped sales and earnings projections with third quarter results of $2.75, $0.30 above Zacks estimates on revenues of $2.09 billion, up 83.5% and above Zacks estimates of $2 billion • Morgan Stanley (NYSE: MS) reported earnings of $0.23 ex-items, ahead of Zacks estimates of...