Raymond James downgraded American Airlines (NASDAQ: AAL) from Outperform to Market Perform.
Southwest Airlines is offering flights for as low as $47 during an epic three-day flash sale from June 2 through June 4.
Some of the best deals include a $49 one-way flight from Chicago to Memphis, a $49 flight from San Francisco to L.A. and $99 flights from New York to both New Orleans and Nashville.
The sale lists one-way flights at four price levels: $49, $99, $129 and $149, though we even happened upon a one-way flight for $47 from Charlotte to Baltimore.
There are lots of inter-Texas flights for $49. And for $99, you can shop flights from Austin to Chicago, from Atlanta to Boston, and more.
The sale is for travel between Aug. 24 and Dec. 16, 2015, with a few blackout dates including Labor Day weekend and Thanksgiving. The sale doesn't include Friday or Sunday flights, either. But the good news? If you've already booked a trip within the sale's designated dates, Southwest encourages you to look into changing your reservation, which could potentially score you one of the new, lower fares.
Southwest Airlines starts air fare wares with incredibly cheap tickets
6/2/2015 Imperial Capital Reiterated Rating Outperform $82.00
BofA/Merrill Lynch downgraded American Airlines (NASDAQ: AAL) from Buy to Neutral with a price target of $50.00 (from $64.00). The change follows Delta Air Lines (NYSE: DAL) commentary yesterday. Analyst Andrew G Didora thinks American Airlines is most exposed to capacity concerns that have grown recently, as it goes head-to-head with Southwest Airlines (NYSE: LUV) in Dallas. Didora noted 13% of the company's capacity comes from its main hub in Dallas.
The analyst also noted interrogation risk with its reservation system.
transgender keep drinking the cool aide of the CNN "Communist news network. What a moron!
No lets elected another flaming loser liberal like Obama. Middle east is on fire because the idiot sitting in the White House you moron.
Delta Air Lines (DAL -2.1%) reports consolidated revenue passenger miles increased 2.7% in May.
Domestic RPMs were up 3.6%, while international RPMs rose 1.4%.
Passengers boarded were up 3.1% to 15.55M.
Available seat miles +4.0%, with Delta mainline capacity gains outpacing regional carriers.
Delta's consolidated load factor fell 110 bps to 85.4%.
Passenger revenue per available seat mile #$%$ Y/Y.
Delta Air Lines Inc on Tuesday lowered its forecast for unit revenue this quarter as U.S. domestic business tickets booked near customer travel dates yielded less money per mile than the carrier expected.
The Atlanta-based airline said it estimates passenger revenue per available seat mile, which measures sales relative to planes' carrying capacity and travel distance, to decline 4 to 5 percent this quarter. This revises its earlier forecast of a 2 to 4 percent drop.
Delta now expects consolidated PRASM for the June quarter to decline approximately 4 to 5 percent, with the change from previous guidance a result of lower-than-expected close-in domestic business yields.
CNBC Reporting Multiple Bomb threats against US Airplanes on the ground and in the air currently
Earnings estimates are falling of the cliff!
2015 have drop from $10.69 to $9.69
2016 have all but disappear from $8.78 to $7.49
At this rate they will barely break even in 2016