Wed, May 11, 2:12 PM
- The airline industry is focused on Phoenix today where the Phoenix Sky Harbor International Aviation Symposium is underway with an all-star roster of executives speaking.
- Aer Lingus (OTC:AIRXY) said it's using Dublin as a gateway to connect the U.S. and Europe.
- Ryanair's (NASDAQ:RYAAY) aggressive pricing is identified as a major factor in Europe that's unlikely to reverse anytime soon.
- A major theme has been industry consolidation with several execs pointing to more M&A opportunities in Europe and Asia. Foreign ownership of U.S. airlines is seen as opening up in the future, with today's joint ventures called a "precursor" to that evolution.
- Airline buzz H/T The Cranky Flier and the Associated Press.
- Related tickers: RYAAY, OTCPK:CPCAY, OTCPK:SINGY, CEA, ZNH, CPA, GOL, LFL, OTCQX:DLAKF, OTCPK:QUBSF, OTCPK:AIRYY, OTCPK:MLYAF, OTCPK:AFLYY, VLRS, AVH, OTCPK:JAPSY, OTC:AFRAF, OTC:EJTTF, OTC:WJAFF, OTC:WJAVF, OTCQX:ESYJY, OTCPK:ICAGY, VLRS, OTCPK:GRPAF, DAL, UAL, AAL, LUV, ALK.
Mon, May 9, 6:55 AM
- Southwest Airlines (NYSE:LUV) reports revenue passenger miles increased 4.7% to 10.3588B in April.
- Capacity was 4.3% higher at 12.4257 available seat miles. The carrier's average length of haul was up 1.1% to 1,002 miles.
- April load factor +30 bps to 83.4%.
- YTD load factor +40 bps to 81.3%.
- Southwest expects a "modest increase" in Q2 revenue per available seat mile.
Wed, May 4, 12:50 PM
Tue, Apr. 26, 11:07 AM
- Airline stocks are slumping as they take their cues from the tone on capacity coming from JetBlue (NASDAQ:JBLU).
- JetBlue guided for a Q2 drop of 7% for the closely-watched revenue per available seat mile metric. Capacity is seen rising 9.5% to 11.% during the quarter. During the earnings call, execs tipped off some mild back-half capacity constraint with the full-year forecast for capacity growth standing at 8.5% to 10.5%.
- Shares of JetBlue are down 3.4%, while Southwest Airlines (LUV -1.6%), United Continental (UAL -1.4%), and American Airlines Group (AAL -1.1%) are all falling off sharper than the broad market.
- JetBlue earnings call webcast
Mon, Apr. 25, 1:14 PM
- Southwest Airlines (LUV -0.6%) continues to press a circuit court in New Orleans to overturn a ruling that allows Delta Air Lines to fly out of Love Field.
- The airline says it's being harmed by the five flights a day Delta that flies out of Love, even with it running 180 daily flights from the airport. Southwest's control of Love Field dates back to Five Party Agreement signed in 2006 which also precludes it from flying out of the larger DFW Airport.
- Now read Southwest: 'LUV' Is In The Air This Summer
Thu, Apr. 21, 2:43 PM
- Boeing (BA -0.1%) is considering another version of its new 737 Max single-aisle jetliner to fend off competition from a new Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) passenger jet, WSJ reports.
- The proposed plane would seat ~150 passengers in two classes and replace the smallest version of the 737 Max, which is due to enter service in 2019; the plane would fly significantly further and carry more passengers than the 126-seat model it would replace, according to the report.
- BA reportedly would need to win backing for the plan from United Continental (UAL -9.9%), which recently purchased 45 current-generation 737s, and Southwest (LUV +0.9%), which also is due to take the first of the smallest model.
- Now read Boeing's lower Q1 deliveries fits the profile
Thu, Apr. 21, 1:49 PM
- Harris names its top brands of 2016 based off of consumer polling and other measurements of brand strength over time.
- Category winners included Lexus (NYSE:TM), Macy's (NYSE:M), Regal Cinemas (NYSE:RGC), Hilton Hotels & Resorts (NYSE:H), Cabela's (NYSE:CAB), Pizza Hut (NYSE:YUM), Southwest Airlines (NYSE:LUV), and Dunkin' Donuts (NASDAQ:DNKN).
- Rapid risers in brand equity included Moe's Southwest Grill (Chipotle effect?), Netflix (NASDAQ:NFLX), and Sony (NYSE:SNE).
- Complete list of Harris Brands of the Year
Thu, Apr. 21, 7:34 AM
- Southwest Airlines (NYSE:LUV) beat expectations with a 13% gain in Q1 profit.
- The carrier benefited from a low average fuel cost of $1.78 a gallon and expense benefits from modernizing its fleet.
- Revenue passenger miles were up 9.9% to 28.408B, while capacity increased 9.2% to 35.268B available seat miles.
- Southwest's load factor during the quarter increased 40 bps to 80.5%.
- Passenger revenue per available seat mile fell 3.6% to $0.1247 as a 4.2% drop in average fare to $153.75 factored in.
- Previously: Southwest Airlines beats by $0.04, beats on revenue (April 21)
- LUV +2.98% premarket to $48.45.
Thu, Apr. 21, 6:35 AM
Wed, Apr. 20, 5:30 PM
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Thu, Apr. 14, 9:52 AM
- Airline stocks are higher in early trading after Delta Air Lines reported earnings.
- Leading the charge are Spirit Airlines (SAVE +3.8%), American Airlines Group (AAL +3.9%), United Continental (UAL +2.6%), Southwest Airlines (LUV +1.5%), and JetBlue (JBLU +3.2%).
- The rush into the airline names appears to be tied to Delta's stance on capacity growth just as much as the nifty profit beat off of fuel cost savings.
- The below statement from Delta is music to the ears of airline investors.
- "We are focused on getting unit revenues back to a positive trajectory and we will make adjustments to our fall capacity levels if we are not making sufficient progress over the coming months," said Delta exec Glen Hauenstein.
- Now read 4 Top Ranked Airlines Ready To Take Off
Mon, Apr. 11, 12:25 PM
- The Bureau of Transportation issued a fresh report on airline fuel costs which shows just how deep the cost savings are for the industry.
- The average fuel cost per gallon fell 48% Y/Y to $1.24 in February.
- YTD fuel costs are down 42%.
- Total fuel costs are down 40.5% YTD with consumption up about 2.4%.
- Airlines reap the fuel benefit at different rates due to their hedging strategies.
- Now read these articles Seeking Alpha articles which include analysis on the impact of hedging (listed by airline) JetBlue (NASDAQ:JBLU), Delta Air Lines (NYSE:DAL), American Airlines (NASDAQ:AAL), Southwest Airlines (NYSE:LUV).
- Related ETF: JETS.
Fri, Apr. 8, 7:04 AM
- Credit Suisse names Southwest Airlines (NYSE:LUV) its top airlines pick.
- Target $54. Implied upside 24%.
- "LUV's de-rating has been the sharpest among peers, which seems unwarranted given that unit revenues are still outperforming the industry combined with the quality of the balance sheet, insulation from currency headwinds, and rising shareholder returns. Unit revenue performance is only one of two to show sequential improvement in Q1, especially excluding stage and gauge headwinds and considering how much of the network is under development.
- "We see over $1B-$1.5B of opportunity from numerous ancillary and operational revenue levers in 2017 and believe the market is focusing too much on fears of a Q1 RASM miss."
- Now read Southwest Airlines: Don't Read Too Much Into Capacity Growth »
Thu, Apr. 7, 6:57 AM
- Southwest Airlines (NYSE:LUV) reports revenue passenger miles increased 5.6% to 10.944B in March.
- Capacity was up 6.1% to 12.852 available seat miles.
- March load factor +10 bps to 84.6%.
- YTD load factor +40 bps to 80.5%.
- The company estimates that revenue per available seat mile in Q1 was level with the mark from a year ago as lower fares factored in.
Fri, Apr. 1, 5:53 PM
- American Airlines (NASDAQ:AAL), Delta Air Lines (NYSE:DAL), United Continental (NYSE:UAL) and Hawaiian Holdings (NASDAQ:HA) were downgraded to Hold from Buy today at Deutsche Bank, citing key macro indicators that it believes signal a more challenging environment for 2016.
- Deutsche Bank says a slowdown in U.S. corporate profits is a concern given that they are a leading indicator of economic activity, and thus could lead to reduced demand for corporate travel; however, consumer spending and housing have fared better, which should bolster demand for discretionary and leisure travel at least through the summer.
- The firm favors domestic names that are less reliant on corporate travel, such as Southwest Airlines (NYSE:LUV), Alaska Air (NYSE:ALK), JetBlue (NASDAQ:JBLU), Spirit Airlines (NASDAQ:SAVE) and SkyWest (NASDAQ:SKYW).
- Now read U.S. airlines under scrutiny for baggage fees
Thu, Mar. 31, 3:59 PM
- Southwest Airlines (NYSE:LUV) announces it will fly into Long Beach Airport beginning on June 5 with four daily flights out of Oakland.
- The entry into Long Beach marks the 98th different city that Southwest serves.
- Southwest is already the largest carrier in California as ranked by the number of passengers flown.
- Now read 5 Reasons Why Southwest Airlines Is A Strong Buy
Southwest Airlines Co. provides scheduled air transportation services in the United States and near international markets. The company operates Southwest Airlines and AirTran Airways major passenger airlines that provide scheduled air transportation services. AirTran Airways operates fleet of... More
Industry: Regional Airlines
Country: United States
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