|Bid||71.22 x 500|
|Ask||89.05 x 200|
|Day's Range||87.61 - 92.65|
|52 Week Range||60.44 - 97.85|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||11.13|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||103.59|
Customers on United Airlines' international flights finally have a middle-ground option between uncomfortable coach seats and ultra-expensive business class tickets.
A lot has happened at the world's largest airline and the carrier's O'Hare Airport hub since American merged with U.S. Airways.
Delta Air Lines has been quietly testing offering bare-bones basic economy tickets to frequent flyers. Delta is testing its offer of basic economy award tickets in select markets. Frequent flyers who like to pick their seats may need to shell out more miles for their next award ticket.
United will work closely with the federal government to combat what the FBI calls the world's third largest criminal activity.
Boeing (BA) stock fell ~3.1% on December 6, making it the day’s worst-performing stock among the Dow Jones Industrial Average’s 30 stocks. The stock opened 3.7% down and fell as much as 7.4% during yesterday’s trading session due to two main reasons: the broader market sell-off on possible trade tension escalation between the US and China and news of Lion Air considering canceling orders for Boeing’s 737 Max jets. The initial blow to Boeing’s stock came due to the broader market sell-off triggered by the arrest of Huawei Technologies’ CFO, which raised fears of a potentially worsening trade relationship between the US and China.
Since the beginning of 2018, Delta Air Lines (DAL) has been focusing on route alignment and capacity addition. In November, the company increased its capacity 3.8% YoY (year-over-year). YTD (year-to-date) as of November, Delta Air Lines’ capacity has risen 3.4% YoY. The YTD growth is significantly higher than the capacity growth of 1% in 2017.
Air New Zealand made history flying from Chicago last Friday as the carrier started nonstop service to Auckland on a Boeing Dreamliner.
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%.
The Zacks Analyst Blog Highlights: United Continental, Copa, Delta, Ryanair and American Airlines
Wall Street analysts expect Delta Air Lines’ (DAL) fourth-quarter top and bottom line to continue benefiting from strong travel demand. Better-than-expected results for three consecutive quarters supported analysts’ confidence in Delta stock.
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.
Delta Air Lines (DAL) shares fell 5.3% on December 4 after the company updated its fourth-quarter outlook. Although the airline’s bottom-line guidance was impressive, investors seemed to be disappointed with the downbeat revenue outlook for the quarter. Delta expects its fourth-quarter revenues to increase nearly 7.5% YoY (year-over-year), which is lower than the company’s earlier guidance of an 8% increase. Delta expects the unit revenue to grow 3.5% YoY in the fourth quarter, which is towards the low end of the previous guidance range of 3%–5%.
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.
CHICAGO, Dec. 5, 2018 /PRNewswire/ -- MileagePlus, the loyalty program for United Airlines' customers, has been awarded the 2018 Frequent Traveler Titan Award as the leading and most innovative airline loyalty program in the Americas. The Titan Awards are awarded to one airline, hotel and rental car company by a board of notable loyalty leaders who have been an integral part of building the loyalty industry. "It's a tremendous honor to be recognized by this industry's leadership for having the best airline loyalty program in the Americas," said Luc Bondar, United's president of MileagePlus and vice president of Loyalty.
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.
United Continental (UAL) benefits from expansion initiatives and robust passenger revenues. However, high operating expenses are limiting the bottom line.
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.
Both the Federal Reserve and the President are trying to reassure the stock market, Jim Cramer told his Mad Money viewers Tuesday, but both of them couldn't be more wrong. The markets hate uncertainty, Cramer reminded viewers, and after positive comments this weekend from President Trump that a trade deal with China could be reached, today investors weren't so sure. It is increasingly looking like the trade war with China isn't about trade, but rather slowing China's advancement as a global superpower.
American Airlines (AAL) has received a consensus “buy” rating from analysts polled by Reuters. Analyst ratings began to improve after it reported strong third-quarter results on October 25.
American Airlines’ (AAL) traffic (revenue passenger miles) growth has exceeded its capacity (available seat miles) growth in the first nine months of 2018. During the period, the company registered a 2.7% YoY increase in its traffic, while capacity growth remained at 2.2%.