• Dec. 12, 2016, 8:32 AM
    • Avianca (NYSE:AVH) had declared $0.032/share quarterly dividend, 6.7% increase from prior dividend of $0.03.
    • Record date Dec. 14; ex-div Dec. 12.
    Dec. 12, 2016, 8:32 AM
  • Dec. 8, 2016, 7:38 AM
    Dec. 8, 2016, 7:38 AM | 4 Comments
  • Dec. 6, 2016, 12:50 PM
    Dec. 6, 2016, 12:50 PM
  • Dec. 6, 2016, 7:04 AM
    • Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL), and Copa Holdings (NYSE:CPA) all submitted bids last week to partner with Avianca Holdings (NYSE:AVH), according to The New York Times.
    • The bid from Delta implied a $1.9B, while Copa's merger offered placed Avianca at closer than $2B.
    • A special committee formed by Avianca meets today to consider the offers.
    Dec. 6, 2016, 7:04 AM | 17 Comments
  • Nov. 8, 2016, 12:43 PM
    • Avianca (NYSE:AVH): Q3 Adjusted net income of $47.6M
    • Revenue of $1.06B (-5.4% Y/Y)
    • Press Release
    Nov. 8, 2016, 12:43 PM
  • Nov. 7, 2016, 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.
    Nov. 7, 2016, 12:36 PM | 17 Comments
  • Oct. 28, 2016, 10:13 AM
    Oct. 28, 2016, 10:13 AM | 1 Comment
  • Aug. 22, 2016, 8:11 AM
    • Avianca (NYSE:AVH): Q2 Adjusted net loss of $4M.
    • Revenue of $966.2M (-8.8% Y/Y) in-line.
    • Press Release
    Aug. 22, 2016, 8:11 AM
  • Aug. 20, 2016, 7:25 PM
    • Avianca (NYSE:AVH): 1H EPS of -$0.02.
    • Revenue of $1.97B (-9.6% Y/Y).
    • Press Release
    Aug. 20, 2016, 7:25 PM
  • Jul. 23, 2016, 8:25 AM
    • General Electric (NYSE:GE) was yesterday's biggest laggard among Dow stocks, sinking 1.6% after reporting a 2% drop in orders for Q2, with industrial orders - GE’s jet engines, power turbines, oil production equipment, et. al. - plunging 16% amid weakness in oil and gas prices that hurt demand.
    • "The texture of this quarter is very similar to the two most recent quarters, with exceptionally weak orders,” says Morgan Stanley's Nigel Coe, who rates GE at Equal Weight with a $32 price target.
    • GE's total Q2 revenues rose 15% Y/Y to $33.5B, but organic industrial sales excluding the Alstom acquisition fell 1%; GE needs to meet its own expectations for a substantial upturn in organic trends in H2 in an "extremely challenging" environment, Coe says.
    • "Those are capital intensive purchases and if those get pushed out even just a little bit" it could weaken GE's performance, says Edward Jones analyst Jeff Windau.
    • Andrew Elofson at Davidson Investment Advisors takes the long view, seeing Q2 as "a speed bump on the path to their transformation” and not really looking at whether GE can hit its 5% organic sales growth target for H2.
    • But Standpoint Research’s Ronnie Moas responded to the Q2 results by slapping a Sell rating on GE with a $26 price target, seeing no reason to own the shares that trade at more than 20x 2016 EPS estimates while "dozens" of mid-cap names with room to grow trade at or below 10x earnings - such as YRCW, TGI, AVH, GBX, ARII, CBI, UAL, SPR and ACM.
    Jul. 23, 2016, 8:25 AM | 11 Comments
  • Jul. 21, 2016, 1:35 PM
    • Avianca Holdings (NYSE:AVH) reports it transported 2.460M passengers in June, up 5.3% Y/Y.
    • Traffic was up 9.8% to 3.166B revenue passenger kilometers.
    • Capacity increased 8.1% to 3.874B available seat kilometers during the month.
    • The company's load factor improved 120 bps to 81.7%.
    Jul. 21, 2016, 1:35 PM
  • Jul. 12, 2016, 9:58 AM
    • Airline stocks are making strong gains on a flurry of positive news.
    • The investment in LATAM Airlines (LFL +23.9%) by Qatar Airways is having a ripple effect across other global carriers. Copa Holdings (CPA +7.9%), Avianca Holdings (AVH +8.1%), and Go Linhas (GOL +7.8%) are all solidly higher.
    • In the U.S., a stronger-than-anticipated report from United Continental (UAL +7.7%) on its key Q2 revenue metric is the highlight along with a sweeping upgrade from Deutsche Bank.
    • The investment firm raises United, American Airlines Group (AAL +8.6%), and Delta Air Lines (DAL +4.7%) to Buy from Hold.
    • "We are of the view that all known negatives (Brexit, tepid global economic growth, over-supplied markets, etc.) are more than fully discounted in the share prices which are, on average, trading at 6.4x our 2016 EPS estimates and 6.8x our 2017 EPS estimates," reads the note from DB.
    • Alaska Air Group (ALK +4.3%), JetBlue Airways (JBLU +4%), Southwest Airlines (LUV +3.4%), and Spirit Airlines (SAVE +3.3%) are all higher as well.
    • The U.S. Global Jets ETF (NYSEARCA:JETS) is up 3.86% on the day.
    Jul. 12, 2016, 9:58 AM | 5 Comments
  • Jun. 5, 2016, 8:48 AM
    • The chairman of the controlling shareholder of Avianca Holdings (NYSE:AVH) has confirmed he is open to a strategic partnership that would infuse the Latin American carrier with new cash.
    • "Why not if it makes sense," Jose Efromovich declared in Switzerland. "This is a very capital-intensive business. We are going to be open for opportunities."
    • Last week, United Continental and Delta Air Lines were named as possible suitors for the company.
    Jun. 5, 2016, 8:48 AM
  • Jun. 3, 2016, 12:47 PM
    Jun. 3, 2016, 12:47 PM
  • Jun. 3, 2016, 9:16 AM
    Jun. 3, 2016, 9:16 AM | 26 Comments
  • Jun. 2, 2016, 7:21 PM
    • Panama-based air carrier Avianca (NYSE:AVH) is up 4.1% after hours on news that all or part of the airline will be sold, with interest from the big U.S. carriers, The Wall Street Journal reports.
    • United Continental (NYSE:UAL) and Delta Air Lines (NYSE:DAL) are named as possible suitors for the carrier.
    • Avianca is one of the continent's biggest carriers, and was established as a strategic alliance between Aerovias del Continente Americano and Grupo TACA Holdings Limited.
    • Updated: Avianca Holdings ended after-hours trading at 8 p.m. up 33%.
    Jun. 2, 2016, 7:21 PM | 14 Comments