Regional Airlines Picking Up Market Share

It appears that the short haul carriers are picking up market share. Whether it is a company like Allegiant (ALGT) or Continental’s (CAL) Express, many been making strides in this tough climate. At the same time United and American are still increasing load factors. How much is at below market price though in an attempt to fill seats?

The big names are also doing a very good job with what they have to work with. We know that business travel is tough and cost conscience consumers are helping to drive down pricing. Overall there are few names in the industry that we would call “solid” at this time.

The full detail is below.

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Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.

Comments

[Positroll:]

Sometimes shedding unproductive routes can help, too. Just look at PNCL: FCF from operations more than 21 mio US$ for the last quarter (Q3).
Trading below $ 6.50 (market cap c.a 120 mio) despite nine month earnings of $ 2,01 / share (fully diluted) and net assets / share way north of $ 10. Earnings call indicated they'll get another 40 mio tax rebate in 2010 (instead of the so far expected 30 mio). See
seekingalpha.com/artic...
Talk about efficient markets - people just hate airlines and won't bother looking for the details ... A little old but still instructive:
seekingalpha.com/artic...

Nov 09 05:13 AM