Everyone knows this week will be volatile with Auntie Yellen due to fart tomorrow, don't think it's going to break under $41 or breakout over $44 for the week though. It will be tricky after this week, but we're in the Spring Break Season, people fly a whole lot during Spring Break, and people will fly even more heading into summer.
//Anybody have an idea what the potential additional revenue and earnings for AAL could be for Cuba flights?//
Probably not much more for AAL, DAL and JBLU; they're already having chartered flights to Cuba, the new offer is only for 110 schedule flights daily being shared by so many Airlines, I would think charted flights probably make good money and they're probably full too? I'm just guessing, who knows! It's pretty short distance, you have to fly people there and back, and so far you can't even go there as pure tourist.
I know; they're even applying for flying to Cuba, people can swim or Mongo has a sailboat too.
Don't be silly, let them trade between $41-$44 as much as they want.
Just don't know "when", but the earlier the better while the momentum is still here to stay.
This has nothing to do with Parker making American Great again, it's just accident waiting to happen happening...
//AAL closed at $42.47 last Friday, and it was traded as low as $42.12 (down as much as 35c) this morning, to have it centered at same ole $42.47, it has to show it can go up to $42.82 (up 35c instead)?//
Somebody took it seriously after-market beating Uncle by a penny to $42.83. Ha!
Bob is super young boy from liberal San Francisco, he was a little High when he thought stocks should double every 3 months, if not, somebody must be having control of them. Everybody in SillyCon Valley thinks the same on stocks.
Let's have some fun with Math.
AAL closed at $42.47 last Friday, and it was traded as low as $42.12 (down as much as 35c) this morning, to have it centered at same ole $42.47, it has to show it can go up to $42.82 (up 35c instead)?
Stop Speculating! VLCC rate was at $84,824/day, Up again.
There is NO convertible issue, nothing.
It's business as usual, all ships are out either somewhere at sea, a couple of them are loading fuel; all 16 VLCCs, 1 Suezmax and 2 Aframax are tracked, except DHT Leopard which is supposed to be heading for Ningbo, China, it's brand new ship received on 1/4/16 showing no origin port. DHT Phoenix has been at S Korea port for whole week, nobody knows what the heck it's doing, but it's the one that starts 1-year contract on 3/16 at $45k/day so nobody really cares either.
You're Right that current Airfare is 10% higher than 2009 when we got into Big recession, historically speaking the current Airfare is at the same level as 2004. For the last 21 years, only 2005, 2009 and 2010 saw lower prices, thanks to lower for longer JetFuel.
As long as you are not Angry any more, it is ok.
People don't have to be angry all the time, life is good, America is fine.
It's been 9 months after JIN-JA Solar made non-binding offer to take company Private; will they say a word what's going on with the "deal"?
$7.2 is Better than $7.4 for sure; nobody Wants to cover at loss.
That said, you gotta be bored to death; Uncle is so bored today, may as well going back to watch my Soap Opera.
AAL hit intraday high of $42.495, and S&P hit 2,022.37 today, missing Uncle's targets by 0.012% and 0.13% respectively. What a Joke!
We'll get the Rig Counts in an hour, not that it really matters by itself, Uncle believes the key point is when the real production continues to fall, especially bleach the 9m bpd, due to lower Rig Counts, it's going to matter.
In theory, WTI normally falls with the inventory buildup, but this time will be Different. They're already charging a whole lot on storage, and there is already delays in transporting the right kind of crude to different refineries, if the imports don't slowdown then it's a big headache.
What happens when the Gulf Coast storage capacity also fills up, they can't keep push all the oil from Cushing to Gulf Coast, and the rail cars can only hold so much oil? I think they probably have to take a chance to load all the oil on the tankers even it's kind of expensive way to do after VLCC rates hit all-year high yesterday.