Alaska Airlines (NYSE:ALK) will likely report its second-quarter results on July 23 after the market opens. For now, the company will avoid pilot furloughs.
Spirit Airlines (NASDAQ:SAVE) is set to report its fiscal 2020 second-quarter results on July 23. Analysts expect losses and a decline in revenue from almost all airlines.
Spirit Airlines (NASDAQ:SAVE) reported its results for the first quarter of fiscal 2020 on Thursday. The company’s first-quarter revenue missed the estimates.
American Airlines will likely report its results for the first quarter of fiscal 2020 on April 30. Analysts aren’t hopeful about the first-quarter results.
United Airlines (NYSE:UAL) has fallen 3.7% in pre-market trading as of 7:03 AM ET today. The airline industry has been hit hard by the COVID-19 pandemic.
United Airlines has chosen Airbus for its new aircraft requirements. On December 3, it placed orders for 50 new long-range, single-aisle Airbus A321XLRs.
For Boeing, most of 2019 has been about the 737 MAX. It’s curbed the decision about whether to build its 797 model until the 737 MAX crisis is resolved.
The 2019 Dubai Airshow brought good news for Boeing. The company logged new requests for its troubled 737 MAX aircraft after several months of frozen orders.
With a year-to-date return of 21.9%, JetBlue Airways (JBLU) stock is one of the airline industry’s top performers. Here are analysts’ views on the stock.
Airline stocks gained altitude in October. The third-quarter results eased investors’ concerns about the global economic slowdown and the MAX grounding.
Last week, the broader market sell-off battered US airline stocks. New tariffs on Airbus planes and dismal economic data impacted the long-term growth prospects.
The year so far hasn’t gone well for airline stocks, as the majority have underperformed the broader markets. The US Global Jets ETF (JETS) is up just 1.2% year-to-date.
The majority of the airline stocks have underperformed the broader market returns this year so far. The US Global Jets ETF (JETS), which invests in the cargo and passenger airlines, is up 9.6% YTD.
US airline stocks gained massively on June 13 after a JPMorgan Chase analyst said that the carriers are lifting fares more rapidly than anticipated. The analyst believes that in addition to the strong travel demand, US air carriers are also benefiting from a reduction in the supply of flights and seats due to the worldwide grounding of Boeing’s 737 MAX jets.
Raises outlook Delta Air Lines (DAL) shares jumped over 6% on April 2 after the company increased its first-quarter guidance. The airline cited robust passenger demand and a renewed credit-card deal with American Express (AXP) as the main reasons behind the upbeat guidance. Delta now expects its first-quarter revenues to increase by 7% YoY (year-over-year), […]
This year so far, airline stocks have been battered on concerns of rising fuel prices and overcapacity—with the exception of United Continental (UAL) and Spirit Airlines (SAVE).
This year so far hasn’t gone well for the entire airline (IYT) industry. Almost every air carrier has registered a decline in its share price, with a few exceptions.
For October, SAVE was ranked third on the metric according to the Department of Transportation. That’s a huge improvement since Spirit has historically been last.
Right now, 36.8% of the analysts tracking Southwest Airlines (LUV) stock have given it “strong buy” ratings. Another 52.6% of analysts have “buy” ratings on the stock.
In November 2017, Southwest Airlines’ (LUV) traffic grew 3.4% year-over-year (or YoY). This growth was higher than its capacity growth of 2.5% YoY in the same month.
United Continental’s board has approved a new share buyback program worth $3 billion—approximately 17% of the company’s market cap of $18 billion at the time of the announcement.
ALK’s 3Q17 net income fell 3.9% YoY to $266.0 million, leading to earnings per share (or EPS) of $2.24 and missing analysts’ estimates of $2.26 per share.
Analysts’ recommendations Of the 17 analysts tracking Southwest Airlines (LUV), 36.8% of the analysts (seven analysts) gave a “strong buy” rating on the stock, while another 47.4% (nine analysts) gave a “buy” rating. The remaining 15.8% (three analysts) gave a “hold” rating. None of the analysts gave a “sell” or “strong sell” rating on the […]
Southwest Airlines (LUV) reported its 3Q17 earnings on October 26. LUV missed its consensus estimates for revenues while beating its estimates for earnings per share.
JetBlue Airways (JBLU) is expected to release its third-quarter earnings on October 24, 2017. In this series, we’ll look at its expansion plans, declining profitability, and valuations.
Delta Air Lines’ (DAL) average traffic increased 3.4% YoY to 61.0 million passenger miles for 3Q17. For the first nine months of 2017, traffic has increased 2.1% to 166.5 billion miles.
Delta Air Lines (DAL) reported its 3Q17 results on October 11, 2017. It managed to beat Wall Street analysts’ estimates for both revenue and profits. Its revenue rose 5.5% YoY.
After five months of improvement in capacity utilization, Spirit Airlines (SAVE) is back to its old ways. The carrier’s capacity growth has outpaced traffic growth…
Analyst upgrades Delta Air Lines (DAL) has already received four downgrades since its traffic release yesterday. Imperial Capital reduced its target price from $54 to $50, Deutsche Bank has reduced its target price from $62 to $59, Cowen & Co. has reduced its target price from $66 to $60, and UBS has reduced its target […]
