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As one can imagine, the next four weeks will be a busy earnings season, with many quarterly earnings releases scheduled and a bunch of stocks to watch. In this article, I will focus on stocks in the airline transportation industry that have earnings due over the upcoming weeks. These stocks were selected based on popularity, volume and, more importantly, significant price changes expected due to earnings results and forecasts.

This article provides earnings previews on several stocks to consider in anticipation of their earnings reports. Use this list as a potential starting point for your analysis.

Alaska Air Group, Inc. (ALK): April 19, 2012

Alaska Air Group, Inc. (Air Group) is the holding company for Alaska Airlines and Horizon Air. The Company has two principal subsidiaries: Alaska Airlines, Inc. (Alaska) and Horizon Air Industries, Inc. (Horizon), which provides scheduled air transportation for passengers and cargo throughout the United States, Canada and Mexico.

Alaska Air Group has a market cap of $2.48 billion and will report its first quarter earnings results on April 19, 2012, before market open. The first quarter revenues are expected to be $1.04 billion compared to $965.20 million for the same quarter last year. Earnings per share for the first quarter are expected to be 35 cents a share from 40 cents a share in the year ago period. Alaska Air Group is currently trading around $34.76, with a 52 week range of $25.55 to $72.34.

Southwest Airlines Co. (LUV): April 19, 2012

Southwest Airlines Co. operates Southwest Airlines, a passenger airline, which provides scheduled air transportation in the United States. As of December 31, 2011, the Company was serving 72 cities in 37 states throughout the United States. During the year ended December 31, 2011, the Company added addition services in two new states and three new cities: Charleston, South Carolina; Greenville-Spartanburg, South Carolina; and Newark, New Jersey. Southwest provides point-to-point. On May 2, 2011, the Company acquired AirTran Holdings, Inc. (AirTran).

Southwest Airlines has a market cap of $6.14 billion and will report its first quarter earnings results on April 19, 2012, before market open. The first quarter revenues are expected to be $4.01 billion when compared to $3.10 billion for the same quarter last year. Earnings per share for the first quarter are expected to be loss of 5 cents a share from 3 cents a share in the year ago period. Southwest Airlines is currently trading around $7.94 with a 52 week range of $7.15 to $12.44.

Delta Air Lines, Inc. (DAL): April 25, 2012

Delta Air Lines, Inc. (Delta) provides scheduled air transportation for passengers and cargo throughout the United States and around the world. The company's route network gives it a presence in every domestic and international market. Delta's route network is centered around the hub system it operates at airports in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis, Minneapolis-St. Paul, New York-JFK, Paris-Charles de Gaulle, Salt Lake City and Tokyo-Narita.

Delta Air Lines has a market cap of $8.57 billion and will report its first quarter earnings results on April 25, 2012, before market open. The first quarter revenues are expected to be $8.34 billion when compared to $7.75 billion for the same quarter last year. Earnings per share for the first quarter are expected to be loss of 5 cents a share from loss of 38 cents a share in the year ago period. Delta Air Lines is currently trading around $10.13 with a 52 week range of $6.41 to $11.60.

JetBlue Airways Corporation (JBLU): April 26, 2012

JetBlue Airways Corporation (JetBlue) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft. As of December 31, 2011, it served 70 destinations in 22 states, Puerto Rico, Mexico and 12 countries in the Caribbean and Latin America. Most of JetBlue flights have as an origin or destination New York or one of its other focus cities: Boston, Fort Lauderdale, Los Angeles, Orlando or San Juan, Puerto Rico. As of December 31, 2011, the Company operated an average of 700 daily flights. During the year ended December 31, 2011, the Company acquired eight take-off and landing slots at each of New York's LaGuardia Airport and Washington D.C.'s Ronald Reagan National Airport.

JetBlue has a market cap of $1.35 billion and will report its first quarter earnings results on April 26, 2012, before market open. The first quarter revenues are expected to be $1.18 billion compared to $1.01 billion for the same quarter last year. Earnings per share for the first quarter are expected to be 8 cents a share from 1 cents a share in the year ago period. JetBlue is currently trading around $4.78 with a 52 week range of $3.40 to $6.38.

Some of the data is sourced from Google Finance, Yahoo Finance and investors site.

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in ALK, DAL, JBLU, LUV over the next 72 hours.

Disclaimer: I am not a registered investment advisor and does not provide specific investment advice. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion. It is up to the investors to make the correct decision after necessary research.

Source: 4 Airline Stocks To Watch Ahead Of Earnings

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