10.12 -0.16 (-1.55%)
Pre-Market: 8:08AM EST
|Bid||10.18 x 100|
|Ask||10.93 x 200|
|Day's Range||10.00 - 10.28|
|52 Week Range||3.63 - 10.28|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||N/A|
The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines Group, JetBlue Airways, Gol Linhas Aereas Inteligentes S.A. and Spirit Airlines
Upbeat Q4 unit revenue projections by major carriers like American Airlines (AAL) have contributed to the NYSE ARCA Airline Index gaining.
Stocks in the airline space are flying high lately on the back of improved unit revenue projections provided by the key sector players like JetBlue Airways Corporation (NASDAQ:JBLU), American Airlines Group Inc (NASDAQ:AAL) and United Continental Holdings Inc (NYSE:UAL). This Zacks Rank #3 (Hold) company also performed well on the unit revenue front. Post hurricanes, the airline stocks are back in favor.
Alaska Air Group's (ALK) traffic rises in December. However, load factor in the month declines owing to capacity expansion exceeding traffic growth.
American Airlines (AAL) provides an improved Q4 view with respect to unit revenues, costs and pre-tax margin. Unit revenues get raised on strong domestic close-in bookings, among other factors.
United Continental's (UAL) unit reports decline in load factor for December on capacity expansion exceeding traffic growth. However, the company provides bullish revenue and cost view for Q4.
Delta (DAL) reports a decline in December load factor due to fall in traffic. Further, the carrier raises fourth-quarter unit costs view partly due to the Atlanta airport power outage.
J.B. Hunt (JBHT) impress with its growth by acquisition strategy as well as shareholder-friendly moves. The recent tax law is a further positive.
Norfolk Southern's (NSC) cost-reduction efforts to drive bottom-line growth are impressive. The company's solid earnings history as well as shareholder-friendly measures further buoy hope.
Canadian Pacific's (CP) cost-cutting initiatives to drive bottom-line growth are impressive. Its shareholder-friendly measures are also praise worthy.
CSX announces a change at the helm following Hunter Harrison's death. The company is hopeful to continue on its growth path under the new CEO.
The NYSE Airline Index is gaining as the tax overhaul is expected to aid airline companies. GOL Linhas' (GOL) rating upgrade by Moody's is also a positive.
Rating Action: Moody's upgrades Gol Linhas Aereas Inteligentes to B2; senior unsecured to B3. Global Credit Research- 21 Dec 2017. New York, December 21, 2017-- Moody's Investors Service upgraded the ratings ...
Hawaiian Holdings' (HA) subsidiary agrees to buy the operating certificate and other assets of Island Air for $750,000. Hawaiian Holdings strengthens its presence in Hawaii following Island Air's decision to shut down.
Alaska Air Group's (ALK) November traffic rises. However, load factor declines due to capacity expansion exceeding traffic growth. Also, the carrier alters outlook for Q4 and 2017.
Spirit Airlines (SAVE) announces a new CEO as it aims to improve efficiencies. The carrier has also been adding new routes constantly as part of its expansion initiatives.
The Brazilian unit of Mexico-based telecom America Movil SAB and Smiles Fidelidade SA, the loyalty program of airline Gol Linhas Aereas Inteligentes SA, have struck a point-swapping deal for their customers, ...
Copa Holdings' (CPA) November traffic rises on higher demand for air travel. With traffic growth outpacing capacity expansion, load factor in the month also increases.
The upbeat Q4 unit revenue views by major carriers like United Continental Holdings (UAL) have contributed to the NYSE ARCA Airline Index gaining.
JetBlue (JBLU) reports a rise in November traffic. However, load factor in the month contracts due to capacity expansion outweighing traffic growth.
The Zacks Analyst Blog Highlights: SkyWest, Gol Linhas Aereas Inteligentes and Deutsche Lufthansa