a gift for the early birds....divy, 1 billion share repurchase, highest PRASM....and it's red. ok fine, let's see what happens rest of today. as mentioned a few days back, UAL is killling it pre and post earnings. find me that post and bump it stalker chongo
Was hoping against this scenario. Just a reminder for those who might panic and sell their shares cheap. Knew there was a chance of this. Hopefully it corrects during regular hours and doesn't snowball
Expectations were high compared to its peers. Revised up more than needed and put undue stress in the numbers IMO. Mentioned this before. UAL had low expectations, they didn't beat last quarter and in fact lost money, so as I said before UAL will pop if beats and AAL has too much weighing it down for earnings. That being said people will be all over the divy since it's double DAL which is .06 I believe. It will just take a week or two to gain steam and hit 45 IMO if it doesn't get support when the market opens
No can't find anything. Only thing left of concern and it's a biggie. I would assume guidance will make longs happy. The pps pops when this news comes out
Sell orders outnumber buys 2-1 on almost 1 million shares so far. But the pattern shows lots of buys as soon as it went red after being green, then a bunch of panicked sellers selling at a little into the red, with more buys coming in past 15 minutes on this cheaper pps.
There are 2 kinda of people this pre-market, those who bought when it went red and those who panicked and sold to get it there.
Actually I think there was not any pressure til 2015 to hand out a divy. It took dal a while to do it. This is a major positive for this stock
American Airlines sets first dividend since 1980 as revenue rises • 8:59 AM
American Airlines (NASDAQ:AAL) -1.4% premarket after saying it posted the highest quarterly profit in the company’s history, and will pay its first dividend since 1980, highlighting a transformation since the airline emerged from bankruptcy and combined with US Airways.
The $0.10/share quarterly payout is part of a capital deployment plan that includes more than $2.8B in debt and aircraft lease prepayments and $1B in stock buybacks.
In addition, AAL says it will make supplemental contributions of $600M to its defined benefit plans this year, above the $120M minimum required contribution.
During the quarter, AAL's passenger revenue per available seat mile rose 5.9% on a combined basis, while its load factor, or the portion of seats filled, fell to 84.3% from 85.3%.
Q2 pretax margins were 12.8%, vs. 7.4% a year earlier, on a combined basis.
2.8 Billion capital deployment plan GREAT
dividend and stock buybacks GREAT
600 million as opposed to minimum 120 contribution to benefits GOOD
PRASM up 5.9% GOOD
pretax margin 12.8% vs 7.4% AMAZING
7 months after merger and a 70%+ gain ytd. what more can investors want?????
and Q3 will Guide very well.
UAL is a good call, just saw this post and they are up almost 6% but would have agreed yesterday as well because i did the same lol