Tue, Oct. 13, 12:45 PM
Tue, Oct. 13, 9:21 AM| Tue, Oct. 13, 9:21 AM | Comment!
Mon, Oct. 12, 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.
Fri, Jul. 31, 12:46 PM
Fri, Jul. 31, 9:19 AM
Thu, Jul. 30, 5:40 PM
Thu, Jul. 30, 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.
Thu, Jul. 30, 4:05 PM
Wed, Jul. 1, 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%.
Wed, Jun. 10, 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
Tue, Jun. 9, 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
Fri, May 1, 12:45 PM
Fri, May 1, 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)
Mon, Feb. 23, 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)
Fri, Feb. 13, 10:08 AM| Fri, Feb. 13, 10:08 AM | 2 Comments
Dec. 31, 2014, 10:07 AM
- Airline stocks are in rally mode again off of momentum driven by the latest slide in oil prices.
- Southwest Airlines (LUV +2.2%) is poised to end the year as the top performing stock of the S&P 500 Index with a +125% rip.
- Though jet fuel hedging strategies vary widely throughout the sector, a prolonged period of lower oil prices will allow all carriers to realize a benefit.
- Gainers: Republic Airways (NASDAQ:RJET) +4.4%, United Continental (NYSE:UAL) +2.4%, Virgin America (NASDAQ:VA) +1.9%, JetBlue (NASDAQ:JBLU) +1.8%, Alaska Air Group (NYSE:ALK) +1.7%, Allegiant Travel (NASDAQ:ALGT) +1.6%, Delta Air Lines (NYSE:DAL) +1.6%, SkyWest (NASDAQ:SKYW) +1.4%.
- Previous: Hedging strategies by airline
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