|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||62.23 - 64.36|
|52 Week Range||57.53 - 76.06|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||9.61|
|Earnings Date||Jan 23, 2019 - Jan 28, 2019|
|Forward Dividend & Yield||1.28 (1.97%)|
|1y Target Est||81.07|
On December 10, United Continental (UAL) reported its operating performance for November. The traffic (revenue passenger miles) growth rate exceeded the capacity (available seat miles) growth rate. In November, the company’s traffic grew 7.1% YoY (year-over-year)—much higher than its capacity growth of 5.5% during the same period in 2017. United Continental’s traffic growth has exceeded the capacity growth for seven consecutive months. In the first 11 months of 2018, United Continental reported a higher traffic growth rate compared to the capacity growth in every month except January and ...
A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Historically, Alaska Air Group, Inc. (NYSE:ALK) has Read More...
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Delta Air Lines and JetBlue Airways will both get access to additional gates in Boston next year, which will intensify the rivalry between the two carriers in this key metro area.
Major US airline shares fell on December 7. American Airlines (AAL) lost 9.1% of its value in a single trading session. Other US carriers registered massive losses in their share prices. Spirit Airlines (SAVE) fell 7.6%, Alaska Air Group (ALK) fell 6.7%, United Continental (UAL) fell 5.2%, Southwest Airlines (LUV) fell 4.2%, and Delta Air Lines (DAL) fell 3.5%. The fall on December 7 was mainly due to the broader market sell-off and Wolfe Research’s negative comments about the airline industry.
Delta Air Lines (DAL) reported its November operating performance on December 4. In November, the airline’s traffic (revenue passenger miles) grew 4.2% YoY (year-over-year)—higher than its capacity growth of 3.8% during the same period. Delta has reported traffic growth in every month of 2018 except January. Year-to-date through November, the company’s traffic growth rate was 3.3%—almost on par with the capacity growth rate of 3.4%.
Analysts have provided “buy” recommendations on most of the stocks in the airline industry (PEJ). The stocks include Goldman Sachs (GS) and Credit Suisse’s (CS) favorite picks. Goldman Sachs’ top picks are American Airlines (AAL) and Alaska Air Group (ALK). Apart from Alaska Air, Credit Suisse’s favorite picks also include Delta Air Lines (DAL) and United Continental (UAL).
With a return of more than 43% YTD (year-to-date), United Continental (UAL) shares have remained the biggest gainer in 2018. The stock is also among Credit Suisse’s favorite airline (FTXR) picks for 2019.
Late in November, Spirit Airlines (SAVE), a low-cost carrier operator, hinted that its fourth-quarter revenues could grow at a higher rate than previously projected. The costs could be lower than previously expected. In an SEC filing on November 26, Spirit Airlines revealed that it increased the guidance for one of its key revenue metrics, which we’ll discuss in this part. The company has reduced the growth expectations for a key cost metric. The company’s stock gained more than 15% during trading on November 27 due to the upbeat outlook.
Plans for the airline's own version of Boeing's Partnering For Success program – a supply chain squeeze – were described to big investment firms and analysts in New York.
Unit revenue growth won't be quite as strong as investors had hoped this quarter -- but it's not a big deal considering how far jet fuel prices have plunged in the past two months.
Why Did Airline Stocks Rally in November? In November, the rally in airline stocks was driven by positive remarks on the entire industry from two investment research firms—Goldman Sachs (GS) and Credit Suisse (CS). On November 12, Goldman Sachs analyst Catherine O’Brien launched coverage on the airline industry with an attractive rating.
Since mid-October, the market has been bearish on oil prices. The sanctions levied by the US government on Iran have been softer than expected. Earlier, analysts expected stricter sanctions by the Trump Administration on Iran. Analysts expected a massive crude oil supply crunch. However, the US gave temporary waivers to eight countries, including China and India—the major importers of Iranian oil.
Delta's (DAL) conservative Q4 unit revenue guidance weighs on investors, although the company posts a substantial rise in November traffic statistics.
Airlines were among the most battered stocks during the broader market sell-off on December 4. All of the major indices including Dow Jones, NASDAQ, and S&P 500 fell more than 3%. Delta’s (DAL) disappointing fourth-quarter outlook also added fuel to the massive fall in airline stocks.
American Airlines (AAL) has remained one of the most battered airline stocks in the year so far due to concerns about its high debt load and rising oil prices eroding profits. On November 12, she launched coverage on the airline industry with an attractive rating. In her note to clients, she wrote that robust travel demand along with a strong revenues growth trend and cost control measures would lead the airline industry to witness margin expansion in 2019.
Oil prices have been on the upswing since the beginning of 2018 through early-October. As oil expenses make up a significant cost for air carriers, rising oil prices hurt airlines’ profitability as well as their share prices.
The city proposed a solution that could solve the Dallas Love Field lawsuit that's been brewing for more than three years.
The airline said it has paused arrivals and departures pending a thorough safety assessment of Ted Stevens International Airport in Anchorage and related infrastructure. It has now resumed operations.
Most of the San Jose airport's growth was attributable to its two biggest carriers: Southwest and Alaska airlines.
Tickets from multiple carriers are on sale out of Paine Field now... T-Moible's CEO is sticking around ... and other notable nuggets you may have missed this week.
Constance von Muehlen was a Blackhawk helicopter pilot for the U.S. Army and became the first female commander of her unit when a male counterpart told her, “You don’t belong here.” Now she’s the COO of Horizon Air.