|Day's Range||4.6000 - 4.6000|
Massive growth at Sea-tac Airport has not come without challenges for the Transportation Security Administration and its passenger screening as more than 70,000 people go through Sea-Tac security lines in a single day.
Airline stocks have been all over the map this year, but Macquarie thinks that there’s more runway ahead for both one of the best performers in the group and one of the worst. Stock in (AAL) (AAL), another so-called legacy carrier, is firmly in the red. The shares have been hurt by lackluster earnings, debt worries, and the rescheduling headaches that have come from its reliance on the grounded Boeing planes.
Southwest Airlines announced a handful of leadership changes to its technology and marketing teams Thursday.
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
DALLAS, Sept. 12, 2019 /PRNewswire/ -- Southwest Airlines Co. (LUV) today announced several Leadership changes within the Company's Marketing and Technology Departments. Southwest has promoted Tony Roach to Managing Director Customer Experience. Roach most recently held the position of Senior Director Customer Experience, and in his new role he will continue to lead all of the Company's Customer Experience efforts.
Southwest Airlines has again expanded its options for nonstop flight service out of Louisville. The Dallas-based airline (NYSE: LUV) said Thursday that it is adding a seasonal weekly nonstop flight to Fort Lauderdale-Hollywood International Airport (FLL) on a 143-seat Boeing 737 aircraft. The flight will start on Saturday, Dec. 21, and you can buy tickets here. “We’re pleased that Southwest continues to expand service here in Louisville with Fort Lauderdale marking the third new nonstop destination they have added in the past 17 months,” Dan Mann, executive director of the Louisville Regional Airport Authority, said in a news release. “Southwest’s ongoing investment of new routes at SDF speaks highly of the strength of our market and our strong partnership with them.” This takes Southwest Airlines to 10 nonstop destinations at Louisville Muhammad Ali International Airport.
Investors have given Boeing (NYSE:BA) stock a long leash. Boeing stock has traded mostly sideways since March, despite the fact that news over that stretch hasn't seemed particularly positive.Source: Alex JW Robinson / Shutterstock.com Of course, Boeing stock fell sharply after the second 737 MAX crash in March. Since then, the company hasn't given investors much to be excited about.Boeing Co took a $5 billion charge with Q2 earnings. Management targets for the return of the 737 MAX to service seem hugely optimistic, and the 777X faces potential delays as well. The defense side of the business has come under criticism for performance under a key Air Force contract.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd yet investors have shrugged off those worries. A brief dip in August reversed quickly. Wall Street remains reasonably supportive, with an average price target of $411 suggesting 12% upside.The willingness of investors and analysts to support Boeing Co stock does make some sense. As I wrote last month, Boeing Co probably gets back to earnings growth at some point. But it seemed then like investor patience with BA stock was starting to give way, and if Boeing keeps missing its targets, it may do so again. MAX Delays Hit Deliveries for Boeing CoAs noted, the grounding of the MAX fleet hit Q2 earnings -- and will continue to hit profits going forward. Boeing announced on Tuesday that it had delivered just 18 aircraft in August, less than 30% of what it did the year before. * 10 Battered Tech Stocks to Buy Now To be sure, that figure isn't necessarily surprising, though year-to-date deliveries are lagging analyst expectations. But deliveries aren't the only issue. As detailed on the Q2 conference call, Boeing is still producing 42 737s a month, even with the MAX fleet grounded. And CEO Dennis Muilenberg said on that call that if the MAX didn't return to service by the end of the year, production potentially could be suspended.Increasingly, that looks like it will be the case. Southwest Airlines (NYSE:LUV) has canceled MAX flights into 2020. American Airlines Group (NYSE:AAL) has pulled the MAX from its schedule through December. E.U. regulators are insisting on their own test flight.Meanwhile, Boeing still hasn't updated its prediction from the Q2 call for a return to service early in the fourth quarter. That doesn't inspire confidence. If the MAX slips into 2020, it will cost the company billions in dollars in airline reimbursements, storage fees and incremental production costs. It may also cost Boeing Co the confidence of investors. The 777X, the KC-46 and BA StockWhat is frustrating about BA stock at the moment is that the 737 MAX isn't the only issue. The 777X is facing delays as well. Issues with engines produced by General Electric (NYSE:GE) admittedly are the key problem. But Boeing had a failure with a so-called "load test" this week, which could further push its release into 2020.On the defense side, the company's KC-46 aerial refueling tanker continues to struggle. Debris continues to be left on planes, leading to increased inspections and delayed deliveries. Acting Secretary of the Air Force Matthew Donovan said this summer that Boeing Co management had referred to the issues as "embarrassing". * 7 Upcoming IPOs for September The problems, which truly come down to execution, color Boeing's ability to get future U.S. military contracts. With intense competition from the likes of Lockheed Martin (NYSE:LMT), the KC-46 only seems to add to the worries here. The Case for, and Against, Boeing StockBut, again, investors have largely shrugged off all of those concerns over the last six months. And there's one reason why: as an analyst put it earlier this year, Boeing is almost too big to fail.After all, worldwide demand for air travel is only going to rise going forward amid the rise of the middle class in developing nations. Backlogs at both Boeing and rival Airbus (OTCMKTS:EADSY) extend into the 2030s. And there simply is no competition, even though China is trying to break that duopoly.But even in the context of a roughly $200 billion market cap, a few billion dollars in penalties, fines and costs matter. So does pushing revenue -- and profits -- out a few quarters or a few years. Even if Boeing can avoid the worst-case scenario -- a permanent grounding of the MAX -- the costs are piling up. At some point, that's going to matter.As of this writing, Vince Martin did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post When Does Patience Run Out for Boeing Stock? appeared first on InvestorPlace.
AAL stock has taken a hit on trade tensions with China and trouble with the Boeing 737 Max. But is American Airlines stock a good buy?
In August, Delta Air Lines had the lowest flight cancellation rate and the best on-time performance versus its top peers—Southwest, United, and American.
Due to the 737 MAX's grounding, Boeing (BA) has seen a massive decline in aircraft deliveries. BA shipped 18 commercial aircraft in August, down 72% YoY.
For Southwest Airlines, dealing with fallout from the Boeing 737 Max crisis has been a network planning headache. Southwest Airlines Co. (NYSE: LUV) had 34 Max aircraft in March when the aircraft was grounded after it crashed twice in five months, killing 346 people. The carrier was scheduled to end 2019 with 68 Max planes in its fleet but deliveries have been halted as the Federal Aviation Administration and Boeing work on fixes for the plane.
With colder months approaching, there’s a route shakeup coming to Raleigh-Durham International Airport as airlines execute seasonal adjustments to their schedules – impacting services to places such as Austin, San Diego and Cancun.
EASA's latest announcement reflects its lack of confidence in FAA. This might lead to further delay in return of Boeing 737 Max, thereby hurting airline stocks.
According to a top network planner at Southwest Airlines – RDU’s sole Terminal 1 carrier – RDU is “top of mind for us” as the Dallas-based airline plots new routes.
The millions of travelers who passed through Tampa International Airport in the first seven months of this year favored the same handful of airlines.
Moody's Investors Service ("Moody's") has assigned an A1 to the BOSFUEL Project's $129.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019A (AMT) and $6.8 million Special Facilities Revenue Bonds (BOSFUEL Project), Series 2019B (Taxable), issued by the Massachusetts Port Authority ("Massport") on behalf of BOSFUEL. The A1 rating is driven by the strength of the cost recovery framework supporting the bonds.
If the Boeing Co. were able to get its 737 MAX back into service for part of the upcoming holiday travel season, at least in the U.S., a Wichita airline researcher says consumers could cash in on some potential savings on ticket prices. Dean Headley, emeritus professor of marketing at Wichita State University and co-author of the annual Airline Quality Rating report, says the airline system as of now has largely factored the grounded MAX out of the equation. In the U.S., the plane would have to be cleared by the Federal Aviation Administration. But it was reported last week that European regulators planned to run their own review on the MAX, rather than work in lock-step with the FAA, as has been the historical norm.
"This hasn’t just affected some of you — it has affected all of you," Southwest Airlines CEO Gary Kelly told employees.
Alaska had expected to receive three 737 Max jets this year, but the deliveries have been delayed after Boeing's global fleet of the single-aisle jet was grounded.
Southwest Airlines flights to Hawaii continue to perform "tremendously successful right out of the gate," according to one executive. The Dallas-based airline has been hyping service to Hawaii for years, but the level at which the market has responded to Hawaii flights has surprised even the company. "We are performing, I would say, actually ahead of our expectations," Tammy Romo, chief financial officer of Southwest Airlines Co. (NYSE: LUV), told a crowd at the Cowen Global Transportation Conference on Wednesday.