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Fri, Jan. 29, 7:46 AM
- American Airlines Group (NASDAQ:AAL) reports consolidated passenger revenue fell 6% Y/Y to $0.1269 in Q4.
- Passenger yield was down 8.9% to $0.1534.
- Mainline cost per available seat mile fell 8.1% to $0.1224 with lower fuel prices an obvious tailwind.
- American had 4.8% more full-time employees than a year ago at the end of Q4.
- The company repurchased 25.6M shares in stock during Q4, an outlay of $1.1B.
- Previously: American Airlines beats by $0.03, revenue in-line (Jan. 29 2016)
- AAL +2.52% premarket to $39.10.
Fri, Jan. 29, 7:32 AM
Thu, Jan. 28, 5:30 PM
Thu, Jan. 28, 2:19 PM
- Higher oil prices and an increased level of concern over the Zika virus have hit airline stocks.
- In one of the more curious moves, JetBlue (JBLU -7.3%) is sharply lower despite doubling profit in Q4 and topping earnings estimates.
- Other notable decliners include Virgin America (VA -4.2%), American Airlines Group (AAL -4.2%), Spirit Airlines (SAVE -3.1%), and Delta Air Lines (DAL -3.4%).
- The U.S. Global Jets ETF is down 2.33%.
- Previously: WHO issues warning on Zika virus (Jan. 28)
- Previously: JetBlue Airways beats by $0.05, beats on revenue (Jan. 28)
Thu, Jan. 28, 2:28 AM
- American Airlines (NASDAQ:AAL) has expanded its refunds for pregnant customers visiting areas impacted by the Zika virus to include Puerto Rico, Martinique and nine countries in the Americas and Caribbean.
- The move follows refund announcements by airlines such as United Continental (NYSE:UAL), Latam (NYSE:LFL) and others.
- Since there is no vaccine or specific drug to treat Zika, stopping travel to locations that have Aedes mosquitoes is the primary form of preventing the virus from spreading to the U.S.
Wed, Jan. 27, 10:14 AM
- Airline stocks are higher in early trading as they move in the opposite direction of broad market averages. Some analysts think the sector could draw in investors in a late reaction to the drop in crude oil prices.
- Hawaiian Holdings (NASDAQ:HA) is up 13.5% after a solid earnings report and analyst upgrade.
- United Continental (UAL +2.2%), Virgin America (VA +1.9%), and American Airlines Group (AAL +0.8%) are also scrapping for gains.
Sat, Jan. 23, 2:46 PM
- The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
- The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
- The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
- The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
- Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
- Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
- Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Fri, Jan. 22, 8:01 AM
- Major airline carriers are considering adjusting their fuel hedging strategies after leaving some profit off the table with crude oil prices staying at depressed levels.
- United lost six full percentage points of fuel expense cost reduction in Q4 due to hedging, while no-hedging American Airlines (NASDAQ:AAL) paid on average about $0.30 less per gallon during the quarter than its large rivals.
- Executives with Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), and United Continental (NYSE:UAL) all confirmed that a lower level of hedging may be used in the near future. One option is using hedging as catastrophic event insurance - instead of attempting to smooth out costs.
Fri, Jan. 22, 5:03 AM
- A massive winter storm is barreling toward Washington D.C., with the system poised to drop near-record snowfall on the U.S. capital before walloping other cities with blizzard conditions.
- The National Weather Service described the storm as "potentially crippling" for a swath of the Northeast, with snowfall exceeding two feet in many metro areas.
- Airlines have canceled thousands of weekend flights, with many of the 2,200 cancellations set for Friday.
- Related tickers: AAL, DAL, JBLU, LUV, SAVE, UAL
Thu, Jan. 21, 9:42 AM
Wed, Jan. 20, 10:32 AM
- Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
- Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
- The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
- There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
- Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
- Related ETF: JETS.
- BLS CPI data
Mon, Jan. 18, 10:10 AM
- American Airlines (NASDAQ:AAL) plans to increase the number of fare classes it offers this year in a bid to prop up passenger unit revenue.
- The use of branded fares could help American compete with low-cost carriers such as Spirit Airlines, Frontier, and Virgin America, as well as Southwest Airlines in the hyper-competitive Dallas market, while still driving revenue growth through ancillary add-ons.
- Despite soaring operating income in 2015, shares of American trade in the low end of their 52-week range with the company's heavy debt load a nagging concern. Looking ahead, the consensus 2016 EPS estimate on AAL of $6.77 leads to a PE ratio of 5.72.
- Previously: Major U.S. carriers take it to discounters in December (Dec. 30, 2015)
Wed, Jan. 13, 3:54 PM
- The transportation sector is down sharply across the board on broad macroeconomic concerns.
- Airline decliners include SkyWest (SKYW -6.9%), Spirit Airlines (SAVE -6.1%), United Continental (UAL -5.5%), Southwest Airlines (LUV -5.3%), and American Airlines (AAL -4.6%).
- Railroad movers include CSX (CSX -5.5%), Norfolk Southern (NSC -5.9%), Genesee & Wyoming (GWR -6.3%), Canadian Pacific (CP -5.6%), and Kansas City Southern (KSU -4.1%).
Wed, Jan. 13, 1:26 PM| Wed, Jan. 13, 1:26 PM | 8 Comments
Tue, Jan. 12, 8:00 AM
- American Airlines Group (NASDAQ:AAL) reports revenue passenger miles increased 1.5% in December. Domestic RPMs were up 0.6%.
- Total capacity was flat at 22.5B available seat miles during the month. Domestic capacity fell 2.1%.
- December load factor +120 bps to 81.6%. Domestic load factor +220 bps to 84.7%.
- 2015 load factor +100 bps to 83.0%.
- The company expects Q4 passenger revenue per available seat mile to be down 5% to 7%. American will make up the drop in PRASM through lower fuel costs.
- AAL +1.02% premarket to $41.50.
Thu, Jan. 7, 6:49 PM
- Shares of U.S. airlines finished lower today even after analysts from Credit Suisse and Morgan Stanley released upbeat notes on the industry heading into 2016.
- Credit Suisse says the risk/reward for the group remains favorable entering the seventh year of industry profitability, as P/E ratios are among the least expensive in the S&P 500 and carriers have exhibited capital discipline in a low fuel environment, driving permanent capital structure improvements.
- The firm upgraded American Airlines (NASDAQ:AAL) to Outperform from Neutral, joining top preference Delta (NYSE:DAL) as well as United Continental (NYSE:UAL), while downgrading Alaska Air (NYSE:ALK) to Neutral from Outperform as one of the most expensive stocks in the group; Spirit Airlines (NASDAQ:SAVE) needs to show "real evidence" of fundamental improvement and more about the new CEO's strategic direction.
- Southwest Airlines (NYSE:LUV) was upgraded to Equal Weight from Underweight at Morgan Stanley, which said the recent pullback sets up an opportunity ahead of improving pricing.
American Airlines Group Inc, through its subsidiaries, operates in the airline industry. The Company has hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York City, Philadelphia, Phoenix and Washington, D.C.
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