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  • Yesterday, 5:13 AM
    • As U.S. airlines began flights this week to Havana, the long-awaited travel surge to Cuba is already in doubt.
    • Citing weak demand, American Airlines (NASDAQ:AAL) has announced it will cut nearly 25% of its flights to the island in 2017.
    • "This was done purely to remain competitive in the market," spokesman Matt Miller said. "We can't speculate on what the next administration may do."
    • Related CEF: CUBA
    | Yesterday, 5:13 AM | 20 Comments
  • Wed, Nov. 30, 10:41 AM
    • The sudden pop in oil prices isn't being ignored by airline investors. A decreased level of hedging recently by some companies has put oil price risk back on the table.
    • Hawaiian Holdings (HA -2.2%), Allegiant Travel (ALGT -0.8%) and American Airlines Group (AAL -1.2%) are the three U.S. carriers with the sharpest declines on the day.
    • Previously: OPEC deal to cut production reportedly worked out (Nov. 30)
    | Wed, Nov. 30, 10:41 AM | 3 Comments
  • Mon, Nov. 28, 2:36 PM
    • An American Airlines Group (AAL -1%) jet made the first Miami-to-Havana commercial flight in more than fifty years earlier today.
    • A JetBlue (JBLU -2.6%) flight from NYC's Kennedy airport also made its way to Havana today.
    • Flight into Havana from United Continental (UAL -1.3%), Delta Air Lines (DAL -1.3%), Frontier Airlines, Spirit Airlines (SAVE -1.5%) are also scheduled for this week.
    • Southwest Airlines (LUV +0.1%) and Alaska Air Group (ALK -0.5%) are adding service later on. 
    • The airlines are sticking with their plans to fly into Cuba, despite some uncertainty over President-elect Trump's position on U.S.-Cuba relations.
    | Mon, Nov. 28, 2:36 PM | 6 Comments
  • Mon, Nov. 21, 7:30 PM
    • Non-union airport workers at Chicago’s O’Hare Airport say they will go on strike Nov. 29 as part of an effort to win the right to organize and to raise wages to $15/hour.
    • The SEIU, which wants to organize more airplane support staff who work for vendors to the airlines, says the strike will expand to demonstrations and protests but no job actions the same day at 18 other large U.S. airports including Los Angeles, Atlanta, New Orleans and Seattle.
    • Nov. 29 is the last day of the 12-day Thanksgiving holiday travel period, during which the leading airline trade group estimates that 27.3M passengers will fly on U.S. carriers, but the heaviest travel days are expected on Nov. 27-28; the group earlier had threatened to strike during the peak days.
    • O'Hare's two largest operators, United Continental (NYSE:UAL) and American (NASDAQ:AAL), say they are working with their vendors to ensure there is no disruption to its operations on the 29th.
    | Mon, Nov. 21, 7:30 PM | 3 Comments
  • Fri, Nov. 18, 4:59 PM
    • Airlines say they are making contingency plans ahead of a planned strike by support staff at Chicago’s O’Hare Airport during the Thanksgiving holiday, one of the busiest times of the year at one of the world's busiest airports.
    • Janitors, baggage handlers, cabin cleaners and wheelchair attendants, who are not unionized but are working with the SEIU, are seeking a wage of $15/hour.
    • United Continental (NYSE:UAL), the largest carrier by passengers at O’Hare, says it is taking steps to ensure its vendors have plans in place to “to ensure a safe and on-time operation for our customers.”
    • American Airlines (NASDAQ:AAL), O'Hare's second largest carrier, says it "supports better pay for workers across the board, but does not believe initiatives should target a specific group or industry."
    | Fri, Nov. 18, 4:59 PM | 13 Comments
  • Fri, Nov. 18, 9:21 AM
    • Citi is piggybacking off of Warren Buffett to turn bullish on several airline stocks.
    • Allegiant Travel (NASDAQ:ALGT), Southwest Airlines (NYSE:LUV), Delta Air Lines (NYSE:DAL) and American Air Group (NASDAQ:AAL) are all fresh Buys at the investment firm on the broad theme that sector consolidation and an improved economy will reap benefits.
    • The big Citi endorsement may be even to give the U.S. Global Jets ETF (NYSEARCA:JETS) a push higher today. The catch-all airline ETF has outperformed the S&P 500 Index YTD, +7.9% vs. +7.4%.
    • Previously: Buffett buys airlines (Nov. 14)
    • Previously: Airline sector on watch after big boost of confidence from Omaha (Nov. 15)
    | Fri, Nov. 18, 9:21 AM | 5 Comments
  • Thu, Nov. 17, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    | Thu, Nov. 17, 10:57 AM | 3 Comments
  • Tue, Nov. 15, 7:57 AM
    • Analyst are still buzzing over Warren Buffett's move to invest in four major airline stocks at once.
    • "What Buffett is basically saying is that the US industry has reached a position of relative stability and will behave," notes Hamlin Transportation Consulting analysts George Hamlin.
    • Other industry watchers think that the boost of confidence from Omaha could bring in a new wave of buyers to the sector which trades at low valuations.
    • Buffett picks in premarket trading: UAL +3.26% AAL +5.65% DAL +3.86% LUV +2.80%.
    • Other airline stocks: JBLU +1.77%, Hawaiian Holdings (NASDAQ:HA) +1.00%, while Alaska Air Group (NYSE:ALK), Spirit Airlines (NASDAQ:SAVE) and Allegiant Travel (NASDAQ:ALGT) haven't started trading yet.
    • Related ETF: JETS.
    • Previously: Buffett buys airlines (Nov. 14)
    | Tue, Nov. 15, 7:57 AM | 3 Comments
  • Mon, Nov. 14, 4:48 PM
    • After famously shunning the airline industry for ever, Warren Buffett has jumped in, with Berkshire Hathaway (BRK.A, BRK.B) showing stakes in American Airlines (NASDAQ:AAL), United Continental (NYSE:UAL), and Delta Airlines (NYSE:DAL) as of Sept. 30.
    • It's not on the 13F filing, but CNBC reports Berkshire as also having taken a stake in Southwest Airlines (NYSE:LUV).
    • Buffett's last play in airlines was a $358M preferred stake in U.S. Airways in the late 1980s. He eventually profited, but not before having to ride major losses which soured him on the industry.
    • AAL +3.4%, UAL +1.7%, DAL +2.3%, LUV +3.1% after hours
    • Buffett on the airlines circa 2002: “If a capitalist had been present at Kitty Hawk back in the early 1900s, he should have shot Orville Wright ... The airline business has been extraordinary. It has eaten up capital over the past century like almost no other business."
    | Mon, Nov. 14, 4:48 PM | 141 Comments
  • Fri, Nov. 11, 7:01 PM
    • Flights at several airlines were grounded today as a computer outage at airline-tech firm Sabre created a glitch in operations.
    • Sabre says the systems were running again by early this afternoon, but didn't identify a cause for the problem.
    • American Airlines (NASDAQ:AAL) said flights were delayed but not canceled, while Southwest (NYSE:LUV) said the outage briefly prevent bookings, ticket changes and use of mobile boarding passes. Alaska (NYSE:ALK) said 15 flights were delayed by up to 15 minutes.
    • The glitch also hit Virgin America (NASDAQ:VA) and JetBlue (NASDAQ:JBLU), but United (NYSE:UAL) said flights were unaffected, and Delta (NYSE:DAL) doesn't use Sabre.
    • Airline stocks generally followed the market's closing lift to gains today, though: AAL +1.5%; LUV +0.5%; ALK +0.4%; VA flat; JBLU +0.3%; UAL +0.5%; DAL +0.9%.
    | Fri, Nov. 11, 7:01 PM | 12 Comments
  • Mon, Nov. 7, 12:36 PM
    • Wolfe Research analyst Hunter Keay isn't worried that higher oil prices in the future will be a negative for airline companies.
    • He thinks the impact of capacity discipline is more important than the bottom line of a lower fuel spend. Keay's analysis is below.
    • "Multiples drive about 70 percent of the movement in stock prices. And multiples are dictated by the perception of pricing power, and pricing power is dictated by capacity control. Excess capacity drives pricing down... It’s not about profits, it’s about how they make the profits, about pricing power. Capacity discipline and fundamental behaviors are far more important than the amount of money they earn."
    • Oil prices are up 0.7% on the day, but have dropped sharply over the last month.
    • Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTC:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
    • Airline ETF: JETS.
    | Mon, Nov. 7, 12:36 PM | 17 Comments
  • Fri, Nov. 4, 4:57 PM
    • A GE engine on an American Airlines (NASDAQ:AAL) plane that exploded on a runway at O'Hare airport in Chicago a week ago had an apparent manufacturing defect, the National Transportation Safety Board said today.
    • A disk within the CF6-80 engine had an “internal inclusion,” meaning foreign debris was embedded within the special alloy designed to withstand the heat and high stresses of a jet engine, the NTSB said.
    • While the agency has not reached a conclusion about whether the flaw may be present in other engines, GE says it has not suffered such a failure in parts made with the same alloy in more than 30 years; GE says more than 4K of the various CF6 engines are in service and have flown more than 400M hours.
    | Fri, Nov. 4, 4:57 PM | 58 Comments
  • Thu, Nov. 3, 9:52 AM
    | Thu, Nov. 3, 9:52 AM | 4 Comments
  • Mon, Oct. 31, 1:59 AM
    • A 19-year-old disc violently broke apart inside the engine of an American Airlines (NASDAQ:AAL) jetliner taking off from O'Hare International Airport on Friday, sparking a massive fire and a wide-ranging probe into General Electric's (NYSE:GE) CF6 engines.
    • The "uncontained" failure, which hurled fragments as far as half a mile from the scene, is unusual given modern protective casings, but at least four other planes powered by the same GE engine family have experienced serious malfunctions since 2000.
    • Previously: Details on American Airlines engine failure (Oct. 30 2016)
    | Mon, Oct. 31, 1:59 AM | 24 Comments
  • Sun, Oct. 30, 8:15 AM
    • The "uncontained" failure of an American Airlines (NASDAQ:AAL) jet engine that failed seconds before takeoff on Friday in a fiery runway accident at O'Hare International Airport flung broken turbine parts as far as half a mile from the scene, according to federal investigators.
    • The engine that powered the plane was a workhorse model known as the CF6, introduced by General Electric (NYSE:GE) decades ago, but had been serviced by the airline.
    | Sun, Oct. 30, 8:15 AM | 93 Comments
  • Fri, Oct. 28, 10:13 AM
    | Fri, Oct. 28, 10:13 AM | 1 Comment