• Wed, Jan. 18, 8:55 AM
    • Air fares in the U.S. increased 1.9% M/M in December to break a streak of drops, according to data compiled by the Bureau of Transportation Services.
    • The monthly increase was the biggest since June 2015.
    • Fares were down 4.9% Y/Y in December on an unadjusted basis.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    Wed, Jan. 18, 8:55 AM | 1 Comment
  • Thu, Jan. 5, 5:58 PM
    • A day after Cowen analysts downgraded several airline industry names, Morgan Stanley weighs in on the sector, maintaining its attractive view for 2017 as pricing is on a more stable path and P/Es remain low at ~12x.
    • Stanley thinks U.S. carriers are set to continue their supply discipline in 2017 even as the Trump administration potentially drives tax reform and consumer stimulus, while warning that airline stocks have surged in recent months and that margin compression has the potential to deliver a 350 basis point drop during the year.
    • The firm upgrades Southwest (NYSE:LUV) to Overweight on its "defensive qualities," revenue opportunity and fuel hedges, while downgrading United (NYSE:UAL) to Equal Weight on execution risks and a relatively rich valuation; yesterday, Cowen cut UAL while maintaining LUV at Outperform.
    • Other relevant tickers include DAL, AAL, ALK, JBLU, SAVE, SKYW, JETS.
    Thu, Jan. 5, 5:58 PM
  • Wed, Jan. 4, 8:56 AM
    • Cowen Research Helane Becker is out with commentary on the airline sector.
    • The closely-watched analyst lowers American Airlines Group (NASDAQ:AAL), Alaska Air Group (NYSE:ALK), JetBlue (NASDAQ:JBLU), Spirit Airlines (NASDAQ:SAVE) and United Continental (NYSE:UAL) to Market Perform from Outperform on concerns over margins. Delta Air Lines (NYSE:DAL) remains the favorite in the sector - while Southwest Airlines (NYSE:LUV), SkyWest (NASDAQ:SKYW) and Volaris (NYSE:VLRS) hold on to their Outperform ratings.
    • The U.S. airline sector as a whole is seen growing capacity in 2017 by 2.5% vs. +3.5% in 2016. Unit revenue growth of +0.7% is forecast vs. -4.6% last year. Jet fuel costs are predicted to increase 15% Y/Y.
    • Source: Cowen's Twitter account
    • Related ETF: JETS.
    Wed, Jan. 4, 8:56 AM | 26 Comments
  • Dec. 15, 2016, 1:34 PM
    • SkyWest (SKYW +7.2%) rallies again to carve out a new all-time high of $39.36.
    • The stock is piggbacking off of news of capacity restraint and improved unit revenue at sector giant Delta.
    • Shares of SkyWest have now doubled since SA contributor Arie Goren called valuation compelling in late 2015.
    • Previously: Delta higher amid strong signals from Investor Day (Dec. 15)
    Dec. 15, 2016, 1:34 PM | 1 Comment
  • Dec. 15, 2016, 8:57 AM
    • Air fares in the U.S. declined 1.3% M/M in November, according to data compiled by the Bureau of Transportation Services.
    • The drop follows a 2.2% tail-off in fares during October.
    • Fares were down 6.6% Y/Y in November on an undajusted basis.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    Dec. 15, 2016, 8:57 AM | 13 Comments
  • Dec. 13, 2016, 4:07 PM
    • SkyWest (NASDAQ:SKYW) announces a series of fleet transitions and contract updates aimed at reducing long-term fleet risk.
    • The company says its ExpressJet operation expects to transition to flying primarily dual-class aircraft in its CRJ operation by removing its CRJ200 aircraft from service over the next year.
    • SkyWest also announced that ExpressJet and American Airlines will place 12 dual-class CRJ700s into service under a multi-year term. The CRJ700s had been scheduled to be removed from service under a previously-disclosed early lease return arrangement.
    • Additionally, SkyWest and Bombardier entered into a termination agreement covering Bombardier's residual value guarantee agreements on 76 CRJ200 aircraft owned by SkyWest Airlines and ExpressJet.  Bombardier agreed to pay SkyWest $90M by January in exchange for the release.
    • SkyWest estimates it will record a non-cash impairment charge in Q4 of $440M to $90M.
    • Source: Press Release
    Dec. 13, 2016, 4:07 PM
  • Dec. 9, 2016, 10:32 AM
    • American Airlines Group (AAL +4.1%) rallies after the company lifted it outlook for Q4 unit revenue to -1% to +1% growth vs. -2.5% to -0.5% prior forecast.
    • The airline also expects improved yields, despite the increase in oil prices.
    • United Continental (UAL +2.7%), SkyWest (SKYW +1.9%) and JetBlue (JBLU +1.6%) are also tracking higher on the day off the positive sector read.
    • Related ETF: JETS.
    Dec. 9, 2016, 10:32 AM
  • Dec. 7, 2016, 3:38 PM
    • The airline sector are one of the best performing groups of the day as it plays some catch-up with the broad market.
    • Gainers include American Airlines Group (AAL +5.2%), Southwest Airlines (LUV +4.5%), JetBlue Airways (JBLU +3.7%), Alaska Air Group (ALK +3.8%), SkyWest (SKYW +2.6%) and Delta Air Lines (DAL +3.8%).
    • Earlier today, Southwest reported a solid jump in load factor for November.
    • The Global Jets ETF (NYSEARCA:JETS) is up 2.82% on the day.
    Dec. 7, 2016, 3:38 PM | 19 Comments
  • Nov. 17, 2016, 10:57 AM
    • U.S. air fares fell back 2.2% M/M in October, according to data compiled by the Bureau of Transportation Services.
    • The fall is the third time in the last four months that fares have dropped. On an unadjusted year-over-year comparison, fares were down 5.2% during the month.
    • The lower level of fares will factor into the hyper-watched revenue per available seat mile metric.
    • BTS data
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    Nov. 17, 2016, 10:57 AM | 3 Comments
  • Nov. 11, 2016, 4:04 PM
    • SkyWest (NASDAQ:SKYW) declares $0.05/share quarterly dividend, in line with previous.
    • Forward yield 0.59%
    • Payable Jan. 6; for shareholders of record Dec. 30; ex-div Dec. 28.
    Nov. 11, 2016, 4:04 PM | 1 Comment
  • Oct. 27, 2016, 4:28 PM
    • SkyWest (NASDAQ:SKYW): Q3 EPS of $0.90 beats by $0.09.
    • Revenue of $799.8M (+0.7% Y/Y) beats by $5.91M.
    • Press Release
    Oct. 27, 2016, 4:28 PM | 1 Comment
  • Oct. 26, 2016, 5:35 PM
  • Oct. 18, 2016, 8:59 AM
    • U.S. air fares edged up 0.4% M/M in September to reverse a down trend, according to data compiled by the Bureau of Transportation Services.
    • Lower fuel costs and an elevated level of capacity were factors again during the month.
    • Research firm Hopper expects fares to continue to drop this month before rebounding around Thanksgiving.
    • The lower level of fares at the start of October will impact the hyper-watched Q4 revenue per available seat mile.
    • BTS data
    • Chart of BTS air fare data vs. Hopper's Index (2013-2016)
    • Related ETF: JETS.
    • Related stocks: ALGT, JBLU, SAVE, VA, LUV, DAL, AAL, UAL, HA, SKYW, ALK.
    Oct. 18, 2016, 8:59 AM
  • Oct. 10, 2016, 12:29 PM
    • Airlines stocks are higher as investors shrug off the move higher in oil prices.
    • The rally is just ahead of more data dumps from the sector, including key traffic and earnings reports.
    • Gainers include Allegiant Travel (ALGT +2.5%), Southwest Airlines (LUV +2.7%), United Continental (UAL +2.3%), American Airlines Group (AAL +2.2%), SkyWest (SKYW +2.1%), and JetBlue (JBLU +2.1%).
    • Previously: Crude oil rallies as Putin says Russia is ready to join production deal (Oct. 10)
    Oct. 10, 2016, 12:29 PM | 7 Comments
  • Oct. 7, 2016, 6:57 AM
    • SkyWest (NASDAQ:SKYW) reports revenue passenger miles fell 4.2% to 2.2543B in September.
    • Capacity down 5.1% Y/Y to 2.7223B available seat miles.
    • Passengers flow -3.4% to 4.363M.
    • September load factor -80 bps to 82.8%.
    • YTD load factor -80 bps to 81.9%.
    Oct. 7, 2016, 6:57 AM
  • Oct. 7, 2016, 6:44 AM
    • SkyWest (NASDAQ:SKYW) reports revenue passenger miles declined 4.2% in September to 2.254278B.
    • Capacity was decreased 5.1% Y/Y to 2.722297B available seat miles.
    • September load factor +80 bps to 82.8%.
    • YTD load factor -80 bps to 81.9%.
    • Press release
    Oct. 7, 2016, 6:44 AM