What's your position on ?
Why are you ish?
You voted ish on Vote again
Posts appear on the My Feed page of subscribers to this ticker
Wed, Jan. 13, 3:54 PM
- The transportation sector is down sharply across the board on broad macroeconomic concerns.
- Airline decliners include SkyWest (SKYW -6.9%), Spirit Airlines (SAVE -6.1%), United Continental (UAL -5.5%), Southwest Airlines (LUV -5.3%), and American Airlines (AAL -4.6%).
- Railroad movers include CSX (CSX -5.5%), Norfolk Southern (NSC -5.9%), Genesee & Wyoming (GWR -6.3%), Canadian Pacific (CP -5.6%), and Kansas City Southern (KSU -4.1%).
Tue, Jan. 5, 2:42 PM
- Delta Air Lines (DAL +0.2%) launched the first airfare hike of 2016, according to FareCompare.com
- The price-tracking website reports American Airlines (AAL -0.1%), Southwest Airlines (LUV +2%), and United Continental (UAL -0.5%) have all matched the fare boost of up to $4 per one-way flight.
- The match by Southwest is important in particular as the carrier is usually the tipping point for an industry-wide raise.
- The fare increases are most likely outside of the regional pressure that the majors are putting on discounters Spirit Airlines, Frontier, and Virgin America (NASDAQ:VA).
- Airline stocks are mixed bag on the day. Republic Airways (RJET -14.1%) is down sharply due to a Deutschce Bank downgrade, while there is also nervous trading around SkyWest (SKYW -4.4%). Southwest Airlines is rallying, while a CEO swap has given lift to Spirit Airlines (SAVE +5.9%). Add it all up and the U.S. Global Jets ETF (NYSEARCA:JETS) is flat for the day.
Oct. 13, 2015, 12:45 PM
Oct. 13, 2015, 9:21 AM| Oct. 13, 2015, 9:21 AM
Oct. 12, 2015, 11:31 AM
- SkyWest (SKYW +9%) rallies to a new 52-week high on a strong volume move.
- The carrier reduced its fuel cost per available seat mile by 50% in Q2 and saw overall cost per available seat miles decline by 5%. Those gains in efficiency are expected to be reported by Skywest for Q3 as well when it reports on November 4.
Jul. 31, 2015, 12:46 PM
Jul. 31, 2015, 9:19 AM
Jul. 30, 2015, 5:40 PM
Jul. 30, 2015, 4:19 PM
- SkyWest (NASDAQ:SKYW) churned up its highest level of Q2 operating income since 2008, despite a year-over-year drop in revenue.
- The company's load factor improved 20 bps to 84.1% as capacity was tightened.
- Fuel per available seat mile fell 50% to $0.003 to mark one of the most striking fuel benefits in the airline sector.
- Previously: SkyWest beats by $0.35, beats on revenue (Jul. 30 2015)
- SKYW +11.65% after hours to $15.62.
Jul. 30, 2015, 4:05 PM
- SkyWest (NASDAQ:SKYW): Q2 EPS of $0.61 beats by $0.35.
- Revenue of $788.42M (-3.4% Y/Y) beats by $23.07M.
- Shares +2.57%.
Jul. 1, 2015, 2:31 PM
- A DOJ spokeswoman states the agency is probing potential "unlawful coordination" between some airlines. The AP states a document obtained by the news service indicates the DOJ is "investigating whether airlines are colluding to grow at a slower pace as part of an effort to keep airfares high." No word yet on which airlines are being probed.
- Airline stocks have sold off in response. Decliners include United Continental (UAL -4.3%), American Airlines (AAL -4.1%), Southwest (LUV -4.5%), Delta (DAL -4.2%), Alaska Air (ALK -1.7%), Hawaiian Holdings (HA -4.8%), JetBlue (JBLU -5%), Spirit Airlines (SAVE -3.1%), SkyWest (SKYW -4.1%), and Virgin America (VA -1.9%).
- The U.S. Global Jets ETF (NYSE:JETS) is down 2.8%.
Jun. 10, 2015, 10:30 AM
- The EPA says greenhouse gases from aircraft endanger human health, a finding that begins a process to regulate greenhouse gas emissions from the aviation industry, the latest sector to be regulated under the Clean Air Act after cars, trucks and power plants.
- The endangerment finding allows the EPA to implement domestically a global carbon dioxide emissions standard being developed by the International Civil Aviation Organization; the airline industry favors a global standard over individual national standards since airlines operate all over the world and want to avoid a patchwork of rules and measures.
- GEVO, which has been working on renewable fuels for airplanes, is +3.5% today and +27% so far this month in anticipation of the EPA findings.
- Also higher are REGI +2%, SZYM +2.5%, AMRS +2%.
- Potential related stocks: AAL, UAL, SAVE, DAL, ALK, HA, SKYW, LUV, JBLU, VA
Jun. 9, 2015, 10:58 AM
- The jittery airline sector is having a volatile day once again.
- Capacity concerns have been the major focus of sellers, although the strong move higher of oil prices today is also in the background.
- American Airlines Group reported a drop in its load factor earlier as capacity growth came in ahead of revenue passenger miles.
- Though Raymond James issued a biting downgrade on American, United Continental, and Delta yesterday - some analysts such as Sterne Agee CRT's Michael Derchin think the pessimism is overdone.
- Q2 conference calls could calm fears on capacity running hot, reasons the analyst.
- A higher level of buybacks in the sector and reasonable valuations based on earnings projections are also factors.
- Sector watch: Alaska Air Group (ALK -6.4%), Southwest Airlines (LUV -5.8%), SkyWest (SKYW -3.4%), Hawaiian Holdings (HA -4.7%), Spirit Airline (SAVE -4.4%), Delta Air Lines (DAL -3.7%), Allegiant Travel (ALGT -3.6%), Republic Airways (RJET -2.9%), Virgin America (VA -2.6%), United Continental (UAL -1.8%), American Airlines Group (AAL -2%), JetBlue (JBLU -1.9%).
- The U.S. Global Jets ETF (NYSE:JETS) is down 2.96% on the day.
- Previously: American Airlines Group's capacity up 2% in May
May 1, 2015, 12:45 PM
May 1, 2015, 10:35 AM
- SkyWest (SKYW +10.6%) rallies following a strong Q1 profit beat.
- The company almost tripled EBITDA during the quarter with a $100M mark.
- Fuel expenses -42.2% to $27.3M.
- Total operating expenses -9.2% to $726.32M.
- Revenue per available seat mile improved 1.2% to $0.087 on a 3.3% dip in capacity.
- Load factor -70 bps to 80.2%.
- Previously: SkyWest beats by $0.21, revenue in-line (Apr. 30 2015)
Feb. 23, 2015, 3:23 PM
- Shares of SkyWest (SKYW +3.4%) hit a 52-week high to lead what has been a mixed day for airline stocks.
- SkyWest was lagging the sector this year until a Deutsche Bank upgrade gave it a jolt.
- Bulls think the carrier will see a larger impact on profitability than peers from lower fuel prices.
- Previously: SkyWest +12% after Deutsche Bank upgrade (Feb. 13)
Other News & PR