Tue, Mar. 17, 8:22 AM
- The airline sector is lined up for a big day with oil prices pointing lower again in early trading.
- American Airlines Group (NASDAQ:AAL) is out in front of peers with an early 5% pop.
- The company continues to get the most bang out of the oil buck in the sector from lower jet fuel prices due to its no-hedge strategy, although capex concerns have kept some investors from jumping in.
- AAL +5.34% to $52.88.
Mon, Mar. 16, 5:21 PM
Wed, Mar. 11, 2:12 PM
- Airline stocks are taking back some ground with oil prices peeling off 1.3%.
- The sector also got a lift when Southwest Airlines topped analyst estimates for revenue passenger miles for February.
- Gainers: United Continental (NYSE:UAL) +2.4%, Southwest Airlines (NYSE:LUV) +1.9%, Virgin America (NASDAQ:VA) +1.6%, Spirit Airlines (NASDAQ:SAVE) +1.5%, American Airlines Group (NASDAQ:AAL) +1.5%, Delta Air Lines (NYSE:DAL) +1.2%.
- Related: Spring preview on U.S. airlines
- Previously: Load factor on the rise at Southwest Airlines
Wed, Mar. 11, 7:41 AM
- U.S. airlines expect passenger traffic to increase 2% during March and April.
- The group of major carriers is forecast to show a 3% rise in capacity over the period.
- The industry's net profit margin is expected to improve compared to a year ago due to lower fuel expenses.
- The average price on aviation jet fuel in North America is currently down 36.6% from a year ago, but 25.2% higher than the level from a month ago.
- Airline fares fell 3% in January and are expected to have shown a smaller decline in February. March fares are seen as holding steady due to strong business demand.
- U.S. carriers: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA.
Tue, Mar. 10, 8:14 AM
- American Airlines Group (NASDAQ:AAL) reports total revenue passenger miles fell 0.7% to 15.0B in February.
- Revenue passenger miles for Atlantic flights were down 11.7% amid a month of heavy winter storms and the load factor in the region was off 120 bps.
- The combined load factor for the company's brands improved 90 bps to 79.3% on tightened capacity.
- American sets Q1 passenger revenue per available seat mile guidance of -2% to -4% Y/Y. A pretax margin rate of 12% to 14% is expected for the quarter.
- AAL -0.56% premarket.
Fri, Mar. 6, 10:10 PM
- U.S. air carriers Delta (NYSE:DAL), American (NASDAQ:AAL) and United (NYSE:UAL) are pressing the government to modify "open skies" treaties covering three Middle East-based competitors -- some saying they'd fly direct routes to the East if not for unfair subsidies.
- "We're not really competing against airlines, we're competing against governments," Delta's Trevor Banstetter tells Puget Sound Business Journal, suggesting the airlines have become more of an economic development tool for countries like the United Arab Emirates and Qatar.
- The three have spent two years producing a 55-page report they say shows $42B in subsidies and benefits since 2004 given to Emirates airline, Etihad Airways and Qatar Airways. The U.S. three want agreements modified to curtail further expansion to the U.S. -- or, failing that, for the treaties to be revoked.
- The U.S. has made "open skies" agreements, allowing unfettered routes, with 114 countries since 1992. For its part, the government says it's taking the claim seriously but hasn't decided on any consultations with Eastern governments.
- The three Middle East airlines have denied the unfair subsidies claims but say they'll provide a detailed response after reviewing the report.
Thu, Mar. 5, 7:39 PM
- A major winter storm which is sweeping across a wide part of the eastern and southern part of the U.S. impacted air travel.
- The number of flight cancellations today totaled over 5,300 with SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV), Delta Air Lines (NYSE:DAL), American Airlines Group (NASDAQ:AAL) and Republic Airlines (NASDAQ:RJET) all hit hard.
- Weather has also played a factor in the retail sector. Several mall-based chains blamed Mother Nature for the year-over-year drop in traffic during February.
- Previously: U.S. retailers warn on cold snap impact
Wed, Mar. 4, 9:11 AM
- IATA reports global airliners showed passenger growth of 4.6% in January.
- International flights were up 5.4% on a revenue passenger kilometer basis, while domestic routes increased 3.2%.
- Jan. passenger demand by carrier region: Europe +5.0%, Asia-Pacific +4.7%, North America +2.7%, Middle East +11.4%, Latin America +5.6%, Africa -0.7%.
- The timing of the Chinese New Year (February this year) was a factor, notes IATA. Overseas trips by domestic passengers rose an estimated 10% Y/Y during the Chinese New Year holiday.
- Global airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCPK:DLAKF, AIDIF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTCPK:MLYAF, OTCPK:AFLYY, VLRS, LUV.
Thu, Feb. 26, 9:15 AM
- Airline fares fell 3.0% Y/Y in the U.S. during January on an unadjusted basis, according to data from the Bureau of Labor Statistics.
- The average fare was down 1.4% M/M.
- The drop in fares over the last few months lags by a wide margin the fuel expense savings reported by carriers.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW,
Wed, Feb. 25, 4:06 PM
- La Guardia Airport may be opened up for long-haul flights to San Francisco, Los Angeles, and other cities in the West.
- The Port Authority of New York and New Jersey will decide the when and if a change is made.
- The limited number of slots at La Guardia creates a situation where a chain reaction will occur if airlines decide to add more West Coast flights.
- Delta Air Lines (NYSE:DAL) and American Airlines (NASDAQ:AAL) are the dominant carriers at La Guardia.
Tue, Feb. 24, 6:38 AM
- American Airlines (NASDAQ:AAL) has decided not to participate in the restructuring of Japan's bankrupt Skymark Airlines (OTC:SKALF) at this time, said American spokesman Josh Freed, following media reports that the carrier was considering a tie-up.
- "Asia remains an important and evolving part of the competitive landscape, and we are partnered with the premier airline in that region today: Japan Airlines (OTCPK:JAPSY)," Freed added.
Thu, Feb. 19, 9:48 AM
- Strong gains across the airline sector after oil prices move in the right direction after inventories increase.
- What to watch: The West Coast port slowdown is now a factor in the jet fuel market (Platts breakdown).
- Gainers: Republic Airways (NASDAQ:RJET) +4.7%, Delta Air Lines (NYSE:DAL) +4.1%, JetBlue (NASDAQ:JBLU) +3.9%, Southwest Airlines (NYSE:LUV) +2.6%, United Continental (NYSE:UAL) +2.8%, American Airlines Group (NASDAQ:AAL) +2.1%, United Continental (UAL) +2.5%, Spirit Airlines (NASDAQ:SAVE) +2.6%, Virgin America (NASDAQ:VA) +2.1%, Allegiant Travel (NASDAQ:ALGT) +1.8%, Hawaiian Holdings (NASDAQ:HA) +1.2%.
Tue, Feb. 17, 11:16 AM
- Winter weather has forced the cancellation of 1,812 flights in the U.S. today to follow up on yesterday's 2,690 cancellations and another 2,736 on Sunday.
- The carriers feeling the sharpest impact are ExpressJet (NYSE:DAL), Air Wisconsin, PSA Airlines (NASDAQ:AAL), JetBlue (NASDAQ:JBLU), Republic Airlines (NASDAQ:RJET), and Southwest Airlines (NYSE:LUV).
- Flight tracking heat map.
Mon, Feb. 9, 10:37 AM
- It's an anxious time for airline stocks with a number of factors swaying sentiment to start the week.
- Oil prices continue to trek higher after OPEC issued an updated outlook on demand.
- Southwest Airlines (LUV -1.9%) showed a drop in load factor during January as its capacity outran passenger revenue miles.
- Another winter storm on the East Coast is also an operational complexity for the sector.
- Decliners: United Continental (NYSE:UAL) -4.7%, Alaska Air Group (NYSE:ALK) -4.2%, Republic Airways (NASDAQ:RJET) -4.1%, JetBlue Airways (NASDAQ:JBLU) -3.6%, American Airlines (NASDAQ:AAL) -3.4%, Delta Air Lines (NYSE:DAL) -3.2%, Hawaiian Holdings (NASDAQ:HA) -2.1%.
Mon, Feb. 9, 9:29 AM
Mon, Feb. 9, 8:13 AM
- American Airlines (NASDAQ:AAL) reports total revenue passenger miles for January fell 2.8% to 16.8B.
- The carrier's load factor slipped 210 bps to 78.2% as weak demand in the Pacific region contributed.
- Q1 PRASM is forecast to be down 2% to 4%.
- American sees Q1 fuel costs of $1.81 per gallon and pretax margin of 12%-14% vs. 13%-15% prior guidance.
- AAL -1.76% premarket.
AAL vs. ETF Alternatives
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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