|Bid||0.00 x 1100|
|Ask||59.96 x 800|
|Day's Range||58.07 - 59.93|
|52 Week Range||34.36 - 65.35|
|Beta (3Y Monthly)||0.31|
|PE Ratio (TTM)||12.70|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
United Airlines easily topped Q4 earnings forecasts, sending shares roaring late Tuesday, after Delta Air Lines reported mixed Q4 results.
Morgan Stanley is wary of the outlook for airlines in 2019, and warns there could be a “notable deceleration” in revenue this quarter.
After five years of recruiting, Raleigh-Durham International Airport has lured an investment from Spirit Airlines.
Sluggish demand for air travel leads to a decrease in Alaska Air's (ALK) December traffic. Load factor declines as traffic deterioration was more than capacity decline.
The Zacks Analyst Blog Highlights: Centene, Archer Daniels Midland, Spirit Airlines, Pinnacle West and Walmart
Moody's Investors Service upgrades to A2 from A3 Horry (County of) SC Airport Enterprise Series 2010A and Series 2010B bonds, which total $55.7 million of cumulative debt. Horry (County of) SC Airport Enterprise's upgrade to A2 is largely driven by the enterprise's long-term maintenance of robust financial performance, as illustrated by days cash on hand and net revenue debt service coverage (DSCR) levels above 1,000 days and 2.80x, respectively, for over a decade. Myrtle Beach International Airport (MYR) has recently experienced robust enplanement growth, with enplanements increasing 40.8% from fiscal 2014 to 2018.
Hawaiian Holdings' (HA) unit Hawaiian Airlines' December load factor falls due to capacity expansion outweighing traffic growth. Additionally, the carrier updates Q4 view for RASM, CASM and fuel costs.
Strong demand for air travel boosts JetBlue's (JBLU) December traffic. However, load factor declines with capacity expansion outpacing traffic growth.
Sluggish demand for air travel leads to a decline in Allegiant's (ALGT) December traffic. However, load factor improves as capacity decline was more than traffic deterioration.
“We took our revenue and EPS outlooks up across our airline coverage universe in the second half of December as we believed that airlines would do a better job holding on the fuel savings which accreted to them as oil prices fell sharply in November and December,” Atkins wrote in a note to clients on Friday. “Simply put, the market commentary from Delta and American over the past week showed us that our forecasts were clearly too aggressive,” the analyst added. The analyst now expects United to report quarterly earnings of $2.02 per share, down from the prior estimate of $2.29, while Southwest is now expected to post an annual profit of $4.90 a share for 2019, compared to the previous view of $5.30.
American Airlines dimmed its fourth-quarter unit revenue forecast, and the carrier also slashed its 2018 profit outlook.
Can United Airlines Keep Its Momentum in Q4? ## Fourth-quarter expectations United Airlines, the wholly-owned subsidiary of United Continental Holdings (UAL), is scheduled to report its fourth-quarter earnings results on January 15. The third-largest US air carrier has an impressive record of beating earnings estimates. It has surpassed Wall Street analysts’ earnings estimates in ten of the last 11 quarters, with an average surprise of 4.5%. It seems that the airline will continue its trend of reporting better-than-expected bottom line results and witness strong quarterly earnings growth in the fourth quarter. United Continental registered robust double-digit earnings growth in all of the first three quarters of 2018. Analysts expect a 42.9% YoY (year-over-year) increase in United Airlines’ fourth-quarter EPS to $2.00 on a 9.8% rise in revenue. Strong top line growth along with a lower tax rate and reduced outstanding shares due to the company’s aggressive share buyback program are expected to drive its fourth-quarter earnings. Furthermore, since crude oil prices fell drastically during the fourth quarter, analysts expect United Continental’s profitability to improve significantly in the quarter. UAL was the only company among major US air carriers that registered an increase in its pretax profit despite a 36.5% rise in its fuel cost per gallon. The company’s tax rate is anticipated to fall over 41% to 20.8% in the fourth quarter from 35.3% in the previous year’s quarter, mainly due to the enactment of the Tax Cuts and Jobs Act. The company’s number of outstanding shares is expected to fall 6.7% YoY to 272.21 million from 291.80 million. ## Full-year projection Analysts expect United’s 2018 EPS to jump 28.8% YoY to $8.71 on 9.1% higher revenue, reduced fuel costs, a lower tax rate, and a reduced number of outstanding shares. On October 16, considering its strong travel demand and its commercial and asset utilization initiatives, United raised the lower end of its 2018 earnings guidance. The company now expects its 2018 adjusted EPS to be in the range of $8.00–$8.75 compared to the $7.25–$8.75 it forecast earlier. The company’s latest updated earnings guidance range depicts YoY growth of 18%–29%. Analysts’ 2018 EPS projections for major airlines (JETS) Delta Air Lines (DAL), Southwest Airlines (LUV), and Spirit Airlines (SAVE) are $5.58, $4.15, and $4.36, respectively, which would reflect rises of 13.2%, 18.6%, and 30.9%, respectively, YoY. Continue to Next Part Browse this series on Market Realist: * Part 2 - Falling Oil Prices Are Expected to Drive UAL’s Q4 Profitability * Part 3 - Analysts Are Recommending ‘Buys’ on UAL ahead of Its Q4 Results
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Spirit Airlines, Inc.'s (NYSE:SAVE) P/E ratio and reflect on Read More...
United Continental's (UAL) unit United Airlines' load factor rises for the eighth time on the trot in December owing to traffic growth outpacing capacity expansion.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
J.B. Hunt's (JBHT) decision to acquire the New Jersey-based home delivery provider is another step toward expanding its presence in the fast-growing Last-Mile Deliveries market.
Can Delta Air Lines Keep Its Streak Alive This Earnings Season? (Continued from Prior Part) ## Discounted valuation With a market cap of $32.7 billion, Delta Air Lines (DAL) is the largest airline company in the United States. Disciplined capacity enhancement, cost-control measures, and a low fuel price environment have helped the airline grow its profitability over the last few years. The EV-to-EBITDA (enterprise-to-EBITDA) ratio is considered the best ratio for comparing airline stocks (JETS). Delta Air Lines is currently trading at a discounted EV-to-EBITDA multiple compared to its top peers. At current market prices, Delta Air Lines has an EV-to-EBITDA multiple of 5.17x, while United Continental (UAL), American Airlines (AAL), Southwest Airlines (LUV), and Spirit Airlines (SAVE) have multiples of 5.55x, 6.11x, 6.17x, and 8.76x, respectively. In terms of Wall Street’s 12-month EBITDA expectations, Delta Air Lines is also trading at a discount to its competitors. Delta’s, American Airlines’, Southwest Airlines’, and Spirit Airlines’ forward multiples are 4.41x, 4.81x, 5.55x, and 5.04x, respectively. ## PE multiple The PE multiple is the simplest and most common valuation multiple. On a PE multiple basis, Delta Air Lines stock is trading at a discount to all of its peers except American Airlines. Based on the company’s trailing-12-month earnings, Delta Air Lines has a PE multiple of 9.03x. Peers American Airlines, United Continental, Southwest Airlines, and Spirit Airlines have trailing-12-month PE multiples of 7.39x, 10.16x, 12.40x, and 15.38x, respectively. Based on Wall Street’s next-12-month earnings expectations, Delta Air Lines is also trading at a discount to all of its competitors except for American Airlines. Delta’s, United Continental’s, American Airlines’, Southwest Airlines’, and Spirit Airlines’ multiples are 7.13x, 7.65x, 5.64x, 9.83x, and 9.47x, respectively. Browse this series on Market Realist: * Part 1 - Delta’s Q4 Earnings Are Likely to See Double-Digit Growth * Part 2 - How Will Delta Air Lines’ Top Line Perform in Q4? * Part 3 - DAL’s Transatlantic Focus to Drive Its Q4 Revenue per Seat Mile
Investing.com - Airline shares fell in midday trading Thursday as a profit warning from American Airlines Group (NASDAQ:AAL) hit the sector.
Despite some recent headwinds, one Wall Street analyst said Wednesday U.S. airline stocks are cleared for takeoff in 2019. The Analyst Imperial Capital analyst Michael Derchin made the following rating ...
Higher demand for air travel leads to a rise in LATAM Airlines' (LTM) December traffic. However, load factor falls as capacity expansion outpaces traffic growth.
# Spirit Airlines Inc ### NYSE:SAVE View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is low for SAVE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding SAVE is favorable, with net inflows of $10.42 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.