Sep. 23, 2013, 10:53 AM
- IATA cuts its estimate for global airline profits in 2013 to $11.7B, a reduction of 8% from a prior forecast.
- The association notes higher oil prices are the main factor for taking a dimmer view of profits for the sector.
- Related stocks: Delta Air Lines (DAL), United Continental (UAL), US Airways (LCC), Ryanair (RYAAY), Cathay Pacific Airways (CPCAY.PK), Singapore Airways (SINGY.PK), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), and Latam Airlines (LFL).
Sep. 19, 2013, 1:25 PM
- A new report estimates that global airlines hauled in a record $27.1B in services fees last year.
- United Airline (UAL +1.2%) topped the list with a $5.4B haul in additional fees, whole Delta Air Lines (DAL +0.8%) came in second at $2.6B.
- Bags-Fly-Free carrier Southwest Airlines (LUV +1.4%) only squeezed out $161M in fees, primarily through its "early bird" reservation perk.
Sep. 18, 2013, 5:40 PM
- Imperial Capital becomes the second firm (JPMorgan) this week to issue upbeat commentary on Delta (DAL).
- Analyst Bob McAdoo cuts his Q3 and Q4 EPS estimates by "about a dime" each due to a slight increase in H2 fuel-price assumptions.
- Nevertheless, McAdoo says DAL's addition to the S&P 500 is the main catalyst and "should drive increased demand in shares [causing] the stock ...to command a higher earnings multiple versus the peer group."
- Price target is hiked to $26 (from $23), representing an 11.5% upside from Wednesday's close.
Sep. 18, 2013, 7:13 AM
- The FAA could disrupt the commercial airline industry as the agency considers a new round of furloughs beginning in October.
- A budget gap of as much as $700M looms for the FAA's new fiscal year.
- Airliners were looking forward to Q4 as a period where capacity discipline and lower crude oil prices were setting them up for an increase in profits.
- Related stocks: DAL, LUV, RJET, AAMRQ.PK, LCC, UAL, ALK, HA, SAVE, ALGT.
Sep. 17, 2013, 6:54 AM
- The NYSE Arca Airline Index hit a six-year high yesterday after crude oil prices fell again.
- JPMorgan sees clear skies ahead for Delta Air Lines (DAL) and US Airways (LCC), upgrading the pair to Overweight.
- Despite consumer spending restraint in the U.S., demand for air travel has held up. Carriers such as JetBlue (JBLU) and United Continental (UAL) are showing improvement in load revenue and passenger revenue per available seat miles.
Sep. 16, 2013, 10:43 AM| Sep. 16, 2013, 10:43 AM | 3 Comments
Sep. 10, 2013, 2:27 PM
- A drop in oil prices has helped lift airline stocks on the day.
- All in all, it's been a week of good news for the sector with Delta Air Lines being tagged for inclusion in the S&P 500 Index and the latest outlook on the American-US Airways merger leaning favorable again.
- In the bull camp, Cowen analyst Helane Becker think the sector will see strong traffic gains.
- Advancers: UAL +6%, DAL +4.4%, ALK +4.3%, SAVE +3.9%, LUV +3.8%, JBLU +3.7%, RJET +2.9%, LCC +2.8%.
Sep. 9, 2013, 9:15 AM
Sep. 9, 2013, 8:55 AM
- Delta Air Lines (DAL) will replace BMC Software in the S&P 500 Index after trading ends on Tuesday.
- DAL +5.5% premarket.
Sep. 6, 2013, 10:40 AM
- Higher crude oil prices continue to tip sentiment on airline stocks.
- The industry was starting to see some traction on global fares and domestic capacity discipline before the recent tension in Syria threw a wildcard in the mix.
- Decliners: HA -3.0%, RJET -2.9%, ALGT -2.3%, DAL -2.0%, JBLU -1.2%, UAL -0.9%.
Sep. 4, 2013, 9:15 AM
- Delta Air Lines (DAL) reports consolidated passenger unit revenue rose 4% Y/Y in August on broad gains in efficiency.
- The carrier had the toughest time squeezing results out of its Pacific routes due to the drop in the yen.
- For September, Delta estimates fuel costs of $3.05-$3.10 per gallon. (PR)
- DAL +2.5% premarket.
Aug. 30, 2013, 5:27 PM
- Delta Air Lines (DAL) secures initial U.S. approval for its planned trans-Atlantic alliance with Virgin Atlantic after the Department of Transportation concluded it likely would boost competition.
- Antitrust immunity would allow the two airlines to combine schedules, marketing and revenue from their trans-Atlantic flights.
- The decision could have a bearing on any effort by American Airlines (AAMRQ.PK) to draw US Airways (LCC) into its existing trans-Atlantic partnership if they overcome U.S. government opposition to their proposed merger.
Aug. 29, 2013, 11:33 AM
- A research note from Buckingham Research dissects the recent development that the Department of Justice will work toward a settlement with US Airways (LCC +4.2%) and American Airlines (AAMRQ.PK).
- Analyst Dan McKenzie calls a quick deal "highly unlikely" because of the high concessions the DOJ is asking for and the difficulty in getting six state AGs and the District of Columbia to sign off.
- If Buckingham is right, today's airline stock rally (DAL, UAL, LUV, SAVE, ALGT, JBLU) could be a bit hasty.
Aug. 29, 2013, 9:48 AM
- Airline stocks start the day off strong after the DOJ indicates a willingness to settle its suit with American Airlines (AAMRQ.PK) and US Airways if certain concessions are met.
- A combination of American and US Airways is viewed as positive for the sector due to the capacity discipline that fewer carriers would most likely present as opposed to a freestanding post-bankruptcy American.
- Advancers: LCC +5%, UAL +2.4%, DAL +2.3%, SAVE +1.7%, ALGT +1.5%, RJET +1.1%.
Aug. 27, 2013, 10:36 AM
- A surge in oil prices following renewed tension in Syria is wreaking havoc with airline stocks.
- The sector had just gotten itself on firmer footing following the turbulence over the DOJ's suit to block the U.S. Airways-American Airlines merger before the Middle East issues escalated.
- Decliners: UAL -5.9%, DAL -5.5%, ALK -4.4%, RJET -4.2%, LCC -3.1%, LUV -2.6%, SAVE -2.4%, JBLU -1.5%.
Aug. 23, 2013, 2:51 PM
- A good portion of the confusion over the airline industry is the change in direction by the Justice Department after it backed mega-mergers in the past - but became defiant in the face of a American Airlines (AAMRQ.PK) - US Airways combination.
- Despite the jolt to the sector delivered by the DOJ, some enthusiasm is starting to build back up again as more analysts see capacity discipline surviving either way the merger battle goes.
- Related stocks: LUV, UAL, DAL, AAMRQ.PK, JBLU, ALK, ALGT, RJET, HA, LCC.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo throughout the United States and around the world. Its route network is centered around a system of hub and international gateway airports that it operates in Amsterdam, Atlanta, Cincinnati, Detroit, Memphis,... More
Industry: Major Airlines
Country: United States