how about this
NEW YORK (AP) -- The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months.
For the past seven weeks, the United States has been producing and importing an average of 1 million more barrels of oil every day than it is consuming. That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week.
If this keeps up, storage tanks could approach their operational limits, known in the industry as "tank tops," by mid-April and send the price of crude — and probably gasoline, too — plummeting.
we end the first q in 3 weeks. One of the majors will announce their fuel savings for the quarter, which could be $1 billion for united delta or american, and all the airlines will go crazy.
At this point they want to keep it quiet, because people will complain about rates, but at some point they have to report unusual events by law
All the majors, Jet Blue and Hawaiian will see another 50% by years end. Spirit ALK and Algiant might too but are priced high compared to the others.
All we need is for oil to stay under $75 and its a guarantee based on profits. The issue is most people just do not have the patience to wait it out
Its my second biggest holding after Hawaiian. Forward PE of 6 based on estimates and its down 1 1/2% today. Airlines are just irrational, buy and walk away for a while. Also own a lot of Jet blue, which has been real steady. Nice to see Hawaiian back again strong. Just took a little break which is fine
HA seems way underpriced, I like Jet Blue as the most likely takeover, United seems about 33% underpriced compared to American and Delta.
I am more about revenue, the little bit they made off of baggage fees will be pocket change once the fuel savings start to happen. Spirit has done well with fees but will see less in a fuel savings in my opinion. Do not see how you lose with any of them. Been good so far.
There are about 15 ships sitting off of huntington beach now waiting to unload while the dock workers play grab #$%$. HA flys to China Japan and Korea, and you know those planes are running at full in the cargo area. That is the only way in without a 2 month wait. Do not know what the dollar value is but my guess its a double from a year ago.
The strength in Hawaiin is most of their routes do not have a lot of duplication so the competition clause is sorta of a not applicable. No other airline flys Hawaiin interisland or to Asia. Most of the majors only have a few flights from the west coast, none has any to NY. Its not like US Air when there were sevealr airports that would lose competiton.
I still say the plan would be to steal the A330s and use 757s and 737s for the west coast and spin off the interisland to an investment group who could go non union, or maybe southwest. Its easy money, just the A330s are worth the market cap.
I could tell you a few horror stories about selling early. I have learned the hard way. Blinders are an investors best friend
I sure hope no one is selling , easiset trade ever
Not much new really, thye did raise revenue estimates per mile slightly. Fuel actually went a little higher. There are no secrets here. Just a lot of people missing the boat.
Fuel for Q1 is around $2.20 a gallon after hedges, real price currently is more like $1.65. HA will make a lot more next Q.
Legally they have to make these filings, all the airlines are sitting on mountains of profits now, they have to disclose.
I am done trying to make sense out of the stock market.
Just sayin, I was looking around july 4 at that will cost $1k out of lax, the cheapest anytime this year is $600.
The airlines are selling off because the nit wit wall street people think the dollar will hurt revenue. True, they will get less from the euros, but nothing to what they will save in fuel. And europe has not been this cheap in a long time, so expect record travel from US to europe anad asia.
I am holding tight. Wake me up when the selloff is over.
this selloff makes no sense