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Mar. 18, 2015, 7:27 PM
- U.S. Global Investors is expected to launch an airline ETF this spring.
- The U.S. Global Jets ETF (Pending:JETS) comprised of worldwide airline companies could launch as early as next month.
- The ETF news comes during a period of high volatility in the sector as airline stocks react to developments in the oil market and macroeconomic factors.
- The sector has also done well for investors over the last year. Southwest Airlines topped all stocks in the S&P 500 Index in 2014, while American Airlines Group has doubled since the American bankrutpcy and US Airways integration.
- Airline stocks: AAL, UAL, DAL, RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCPK:DLAKF, OTCPK:QUBSF, ALK, HA, OTCPK:AIRYY, OTCPK:MLYAF, OTCPK:AFLYY, VLRS, LUV, OTC:RYAOF, RJET, VA, LFL, SAVE, ALGT, CEA, OTC:EJTTF, OTCQX:ESYJY, AVH, OTC:AFRAF, OTCPK:ICAGY.
Mar. 18, 2015, 10:44 AM
- Delta Air Lines (DAL -1.2%) is winning the battle for Seattle over Alaska Airlines (ALK -0.4%), according to Atmosphere Research Group.
- The global reach of Delta gives it an advantage in the top-heavy Seattle business market.
- Companies such as Starbucks, Microsoft, and Boeing are seen giving most of its business to one airline.
- Expanded codesharing agreements could level the playing field for Alaska Airlines, note analysts.
Mar. 18, 2015, 7:27 AM
- Virgin Australia and Delta Air Lines (NYSE:DAL) indicate they will hold capacity steady on routes from the U.S. to Australia.
- The development could benefit Qantas (OTCPK:QUBSF) which is the dominant airline on the transpacific route.
- The strength of the U.S. dollar against the Australian dollar is a factor in the decision of the U.S. carriers to hold capacity.
Mar. 17, 2015, 1:38 PM
- Ryanair (RYAAY, OTC:RYAOF) is taking the first steps to adding transatlantic routes with the board's approval for 14 destinations in the U.S. and Europe.
- The airline's entry into the Europe-to-U.S. market would be significant due to the difficulty in the past of budget carriers to make the numbers work on the longer routes.
- An entry by Ryanair into the U.S. isn't expected for four to five years with the company needing to work out landing slots at key airports and acquire larger planes from manufacturers.
- A spokesperson for Ryanair was quoted as saying fares on the transatlantic flights could start at the ridiculous fare of £10 ($10.59).
- Airlines flying across the pond include Virgin Atlantic, Lufthansa (OTCQX:DLAKY, OTCPK:DLAKF), Air France (OTC:AFRAF, OTCPK:AFLYY), American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), and British Airways (OTCPK:ICAGY).
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.
Mar. 11, 2015, 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
Mar. 11, 2015, 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.
Mar. 6, 2015, 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.
Mar. 5, 2015, 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
Mar. 5, 2015, 2:24 PM
Mar. 4, 2015, 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.
Mar. 3, 2015, 8:52 AM
- Delta Air Lines (NYSE:DAL) reports passenger revenue per available seat mile fell 1.5% Y/Y as F/X factored in.
- Total capacity was up 6.3% to 17.016B miles during the month.
- International revenue passenger miles +1.9% Y/Y.
- The carrier's load factor was flat at 83.0% for domestic routes and -250 bps to 76.2% on international flights.
- DAL -1.3% premarket.
Feb. 27, 2015, 11:31 AM
- Factset has compiled a list of the most popular holdings of hedge funds at the end of Q4 and which stocks fell in or out of favor within the group.
- Overall, hedge funds increased their positions in the top 50 holdings during the quarter by 1%.
- Top 50 hedge fund consumer staples/discretionary stocks showing an increase: Family Dollar (NYSE:FDO) +1.3%, PepsiCo (NYSE:PEP) +20.3%, Priceline Group (NASDAQ:PCLN) +24.2%, Delta Air Lines (NYSE:DAL) +15.3%.
- Top 50 hedge fund consumer staples/discretionary stocks showing a decrease: Mastercard (NYSE:MA) -4.2%, Walgreen Boots Alliance (NASDAQ:WBA) -1.3%, Dollar General (NYSE:DG) -11.6%, Mondelez International (NASDAQ:MDLZ) -0.9%.
- Another way to look at the list is to examine which stocks are missing. Coca-Cola (NYSE:KO), Wal-Mart (NYSE:WMT), and Procter & Gamble (NYSE:PG) are in that club.
- Factset's hedge fund ownership report (.pdf)
Feb. 26, 2015, 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,
Feb. 25, 2015, 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.
Feb. 25, 2015, 11:09 AM
- Gogo (NASDAQ:GOGO) is trading 7.3% higher and has passed average daily volume as it seals a deal to provide its next-gen 2Ku in-flight connectivity service to more than 250 Delta (NYSE:DAL) aircraft.
- The plans are narrowbody craft serving Delta's long-haul domestic, Latin American and Caribbean routes. The service should also be installed on new international aircraft.
- The deployment will take several years starting in 2016.
- The Gogo technology promises peak speed of 70 Mbps at launch.
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