Mon, Jun. 13, 9:57 AM
- Airline stocks begin the week with a sharp downward movement.
- The terror attack in Orlando is the main driver of the selling pressure on the sector, although a bombing in the Shanghai airport yesterday is also impacting Chinese airlines China Eastern Air (CEA -2.1%) and China Southern Airlines (ZNH -5.3%).
- Decliners include Hawaiian Holdings (HA -3.1%), American Airlines Group (AAL -2.9%), Spirit Airlines (SAVE -3.8%), Delta Air Lines (DAL -2.7%), JetBlue (JBLU -2.1%), Southwest Airlines (LUV -2.5%), SkyWest (SKYW -1.8%), United Continental (UAL -2.6%), Alaska Air Group (ALK -2.3%), and Allegiant Travel (ALGT -1.5%).
- The U.S. Global Jets ETF (NYSEARCA:JETS) is down 2.72% on the day.
Mon, Mar. 21, 1:00 PM
- China Eastern Airlines (CEA +4.2%) would like to attract more strategic investments to follow on the 3.55% stake snapped up by Delta Air Lines, according to Aviation Week.
- Delta invested $450M in its China partner last year.
- Shares of China Eastern are at their highest level since early January with today's rally.
- Previously: Delta Air Lines to start L.A. to Beijing nonstop routes in December (March 14)
Sep. 8, 2015, 10:12 AM
- China Southern Airlines (ZNH +11.5%) and China Eastern Airlines (CEA +9.9%) make strong moves higher after markets in China put in gains earlier. Most global airline stocks are higher on the day.
- The Chinese airline ADRs have been oversold over the last few weeks, according to some analysis.The operating expense benefit of lower fuel costs has largely taken a back seat to concerns over demand.
- Both stocks are more than 50% off their 52-week highs to trade with a single-digit price earnings ratio.
Aug. 28, 2015, 12:46 PM
Aug. 11, 2015, 10:00 AM
- The currency devaluation fired off in China is hitting select consumer goods and services stocks.
- China Southern Airlines (ZNH -18.2%) and China Eastern Airlines (CEA -17.4%) are feeling the sharpest impact.
- Macau gaming stocks trade weaker with Melco Crown (MPEL -2.7%), Las Vegas Sands (LVS -2%), Wynn Resorts (WYNN -3.1%), and MGM Resorts (MGM -0.8%) all lower.
- Luxury retailers are also feeling a pinch due to the F/X headache. Decliners include Tiffany (TIF -2.1%), Ralph Lauren (RL -1.3%), Gucci (OTC:PPRUF, OTCPK:PPRUY), Prada (OTCPK:PRDSF), Hermes (OTCPK:HESAF), Fossil (FOSL -1.5%), Michael Kors (KORS -0.6%), Coach (COH -1.7%), Movado (MOV -1.8%), Kering (OTC:PPRUF), Burberry (OTCPK:BURBY), and Swatch (OTCPK:SWGAY -5.4%).
Apr. 21, 2015, 12:47 PM
Apr. 7, 2015, 10:24 AM
- China Southern Airlines (ZNH +6.7%), Air China (OTCPK:AIRYY +2.9%), and China Eastern Airlines (CEA +6%) are higher on a positive vibe on the sector.
- Stocks in China rose earlier today and oil prices moved in the right direction for the airlines.
- Relevant to the sector, China Southern recently reported strong growth in passenger revenue and cargo volume with its annual report.
Mar. 13, 2015, 9:45 AM
- China Eastern Airlines (CEA) and China Southern Airlines (ZNH +5.4%) are off to a flying start with oil prices lower and stocks in China broadly higher.
- The story is mixed for Latin America airline stocks with both Gol Linhas (GOL -1.5%) and LATAM Airlines Group (LFL -0.8%) lower, while Copa Holdings (CPA +1.2%) is up in-line with global airline index averages.
- In the U.S. airline sector, the move in oil has Republic Airways (RJET +2.6%), Delta Air Lines (DAL +2.1%), United Continental (UAL +1.5%), Virgin America (VA +0.9%), and Spirit Airlines (SAVE +1.1%) making moves.
Feb. 4, 2015, 11:44 AM
- Shares of China Eastern Airlines (CEA +6.7%) and China Southern Airlines (ZNH +6.4%) are both rallying with oil prices moderating.
- The two stocks have been highly volatile this year off of fuel cost developments and differing reads on demand for travel to Asia.
- YTD returns: China Southern +7.24%, China Eastern +1.65%.
Jan. 27, 2015, 12:27 PM
- Shares of China Eastern Airlines (CEA -5%) and China Southern Airlines (ZNH -6.9%) fall sharply (vs. Shanghai -0.9%) on some concerns over demand.
- Despite the anticipated benefit of lower fuel costs for the Asian carriers, the passenger revenue per available seat mile metric is expected to be a focus of investors on the pair.
- Both ZNH and CEA are up around 48% over the last 52 weeks.
Dec. 10, 2014, 9:49 AM
- Airline stocks rip a fresh set of gains after oil prices weaken again and the IATA issues a rosy forecast on 2015 profit for the sector.
- There has also been a wave of analyst upgrades on airliners which has boosted sentiment.
- Leading gainers: Southwest Airlines (NYSE:LUV) +3.1%, United Continental (NYSE:UAL) +3.1%, Spirit Airlines (NASDAQ:SAVE) +2.7%, American Airlines Group (NASDAQ:AAL) +2.6%, China Eastern Air (NYSE:CEA) +2.4%, Republic Airways (NASDAQ:RJET) +2.4%, Virgin America (NASDAQ:VA) +2.0%, China Southern Airlines (NYSE:ZNH) +1.9%.
Nov. 28, 2014, 10:05 AM
- Global airline carriers rip gains after OPEC decides to hold production levels steady to spark another drop in crude oil prices.
- As a group, airliners are poised to have their biggest up day of the year.
- Gainers: China Eastern Airlines (CEA +5.8%), Delta Air Lines (DAL +5.3%), China Southern Airlines (ZNH +5.5%), Air China (OTCPK:AIRYY +6%), Cathay Pacific (OTCPK:CPCAY) +6.7%, Air-France KLM (OTCQX:AFLYY) +8.5%, Deutsche Lufthansa (OTCQX:DLAKY) +5.9%, Singapore Airlines (OTCPK:SINGY) +4.8%, Gol Linhas (GOL +5.9%), Copa Holdings (CPA +3.2%), LATAM Airlines Group (LFL +3.2%), Air Canada (OTC:AIDFF) +8.9%
Nov. 10, 2014, 11:20 AM
- An encouraging read from the Asia-Pacific Economic Cooperation meetings on travel between China and the U.S. lifts Chinese airliners.
- President Obama announced that the U.S. and China have mutually agreed to extend the length of time visitors and students can stay.
- China Eastern Airlines (CEA +6.1%) and China Southern Airlines (ZNH +7.4%) are both sharply higher off the development.
Jul. 17, 2014, 3:33 PM
- Airline stocks have fallen off more than broad market averages following the crash of a Malaysian Airlines flight in the eastern edge of Ukraine.
- Several global carriers have halted flights over Ukraine.
- Decliners: Delta Air Lines (NYSE:DAL) -3.4%, United Continetnal (NYSE:UAL) -3.9%, China Eastern Air (NYSE:CEA) -2.2%, American Airlines (NASDAQ:AAL) -3.3%, Malaysian Airlines (OTCPK:MLYAF) -5.5%.
May 13, 2013, 7:08 AMGlobal airline stocks trade weak in European markets after concerns about a new virus intensify. The novel coronavirus infection has killed over 34 people and can be transmitted between humans, according to the World Health Organization. On watch: Delta Air Lines (DAL), United Continental (UAL), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), Latam Airlines (LFL), Air France-KLM (AFLYY.PK), Deutsche Lufthansa (DLAKY.PK) | May 13, 2013, 7:08 AM
Apr. 5, 2013, 10:08 AM
China Eastern Airlines Corp. Ltd. is engaged in the provision of passenger and cargo air transportation services. The airline runs passenger aircraft, business aircraft, and freighters. It operates through the following geographical segments: Domestic, Regional, and International. The company... More
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