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Thu, Feb. 4, 7:40 AM
- Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL) say they will offer to reassign crew members concerned about flying into regions where the Zika virus has broken out. The CDC has warned that the Zika virus can be transmitted from a pregnant mother to her fetus.
- Labor unions have criticized carriers in the past for being slow to respond to health concerns.
- Major airlines haven't weighed in yet if booking trends have changed due to the Zika epidemic.
Thu, Jan. 28, 2:28 AM
- American Airlines (NASDAQ:AAL) has expanded its refunds for pregnant customers visiting areas impacted by the Zika virus to include Puerto Rico, Martinique and nine countries in the Americas and Caribbean.
- The move follows refund announcements by airlines such as United Continental (NYSE:UAL), Latam (NYSE:LFL) and others.
- Since there is no vaccine or specific drug to treat Zika, stopping travel to locations that have Aedes mosquitoes is the primary form of preventing the virus from spreading to the U.S.
Wed, Jan. 27, 10:14 AM
- Airline stocks are higher in early trading as they move in the opposite direction of broad market averages. Some analysts think the sector could draw in investors in a late reaction to the drop in crude oil prices.
- Hawaiian Holdings (NASDAQ:HA) is up 13.5% after a solid earnings report and analyst upgrade.
- United Continental (UAL +2.2%), Virgin America (VA +1.9%), and American Airlines Group (AAL +0.8%) are also scrapping for gains.
Wed, Jan. 27, 7:29 AM
- United Continental (NYSE:UAL) discloses that two investment firms added to their significant stakes in the company.
- Altimeter Capital Management now holds a 3.1% position in UAL, while PAR Capital Management is up to 2.4%.
- Both firms aren't the quiet type and have already engaged in discussions with United.
- SEC Form 13Ds: PAR Capital Management, Altimeter Capital Management.
Sat, Jan. 23, 2:46 PM
- The economic cost of the blizzard hitting the East Coast could run as high as $850M, according to a forecast from Planalytics.
- The tally includes lost productivity and a lower level of consumer spending over the duration of the storm - even after factoring in the impact of consumers stockpiling from chains such as Home Depot (NYSE:HD), Lowe's (NYSE:LOW), Wal-Mart (NYSE:WMT), and Kroger (NYSE:KR).
- The storm is broad enough to impact domestic traffic numbers for restaurant chains (MCD, QSR, WEN, CMG, DENN, DNKN, SBUX) and movie theater operators (RGC, CKEC, CNK, AMC).
- The number of cancelled flights tied to the storm is tracking rapidly toward 10K. U.S. airlines (LUV, AAL, JBLU, UAL, DAL) have become more efficient with managing major storms, but will still take a hit to Q1 revenue.
- Looking ahead: Though harsh U.S. winters have lopped off as much as 1% to 2% from retail sales in the past, the 2015-2016 season still sits comfortably in the historical range used by economists when making their projections.
- Previously: Blizzard rally for HD, LOW, BGG, TTC, ACAT, COLM, and BDE (Jan. 22)
- Previously: Storm alert for Shake Shack and Dunkin' Donuts (Jan. 22)
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, IYC, FXD, PEJ, FDIS, RHS, FSTA, SCC, UCC, RCD, PMR, PEZ, UGE, PSL, PSCC, PSCD, SZK, BITE
Fri, Jan. 22, 11:28 AM
Fri, Jan. 22, 8:01 AM
- Major airline carriers are considering adjusting their fuel hedging strategies after leaving some profit off the table with crude oil prices staying at depressed levels.
- United lost six full percentage points of fuel expense cost reduction in Q4 due to hedging, while no-hedging American Airlines (NASDAQ:AAL) paid on average about $0.30 less per gallon during the quarter than its large rivals.
- Executives with Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), and United Continental (NYSE:UAL) all confirmed that a lower level of hedging may be used in the near future. One option is using hedging as catastrophic event insurance - instead of attempting to smooth out costs.
Fri, Jan. 22, 5:03 AM
- A massive winter storm is barreling toward Washington D.C., with the system poised to drop near-record snowfall on the U.S. capital before walloping other cities with blizzard conditions.
- The National Weather Service described the storm as "potentially crippling" for a swath of the Northeast, with snowfall exceeding two feet in many metro areas.
- Airlines have canceled thousands of weekend flights, with many of the 2,200 cancellations set for Friday.
- Related tickers: AAL, DAL, JBLU, LUV, SAVE, UAL
Thu, Jan. 21, 8:19 AM
- United Continental (NYSE:UAL) reports lower revenue in the Atlantic (-3.2%), Pacific (-8.6%), and Latin America (-12.6%) businesses as a strong U.S. dollar and some weak booking trends in certain markets took a toll.
- Overall passenger revenue per available seat mile fell 6% to $0.1148 in Q4, a mark that's lower than some of UAL's peers.
- Average fuel costs were down 42% during the quarter (-36% if hedges are included).
- United CEO Oscar Munoz is expected to take part in the earnings call (webcast) at 10:30 a.m. EST in a positive step following his heart transplant surgery.
- Previously: United Continental misses by $0.04, misses on revenue (Jan. 21 2016)
- UAL -0.33% premarket to $44.97.
Thu, Jan. 21, 8:03 AM
- United Airlines (NYSE:UAL) has agreed to acquire 40 Boeing (NYSE:BA) 737-700 aircraft, which will enter its fleet beginning in mid-2017.
- The planes will replace a portion of the capacity currently operated by the regional partners, as the company reduces more than half the number of 50-seat aircraft in its fleet by 2019.
- The deal is a blow to Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), which has sought a major customer to give momentum to its CSeries jet.
Thu, Jan. 21, 7:35 AM
Wed, Jan. 20, 5:30 PM
Wed, Jan. 20, 10:32 AM
- Nervous trading surrounds airline stocks even with oil prices reaching new lows. There was also some data released today on fares.
- Airline fares fell 1.1% M/M in December as promotional activity increased in key markets, according to the Bureau of Labor Statistics.
- The average fare in December was 3.0% lower than the level from a year ago on an unadjusted basis.
- There's been reports from industry watchers that fares have moved lower in January as carriers scrap for market share.
- Early reports from Delta and Spirit on Q4 results were strong, but the sector is sharply lower on overriding macro concerns: Southwest Airlines (LUV -4.3%), United Continental (UAL -5.1%), Delta Air Lines (DAL -4.6%), American Airlines Group (AAL -4.7%), JetBlue (JBLU -2.5%), Alaska Air Group (ALK -2.9%), Hawaiian Holdings (HA -5.7%), Spirit Airlines (SAVE +1.9%), Allegiant Travel (ALGT -0.3%), Republic Airways (RJET -6.5%), Virgin America (VA -3.4%), SkyWest (SKYW -5.8%).
- Related ETF: JETS.
- BLS CPI data
Thu, Jan. 14, 12:34 PM
- United Airlines (UAL -1.3%) is close to deciding on an order for ~30 small jets worth ~$2B at list prices, and Boeing (BA +1%) looks well placed to win at least part of the deal after undercutting smaller rivals, Reuters reports, citing industry sources.
- A decision in favor of Boeing's 737-700 jet would be a blow for Canada's Bombardier (OTCQX:BDRAF, OTCQX:BDRBF), which has courted UAL as a key prospect for its struggling CSeries jets, as well as for Airbus (OTCPK:EADSF, OTCPK:EADSY) and Embraer (NYSE:ERJ).
- United's requirement for 100-seat aircraft is a natural fit for all the manufacturers, but Boeing reportedly moved in with highly competitive offers for its slightly larger 737-700, which officially seats 126 passengers, according to the report.
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%).
Mon, Jan. 11, 6:42 PM
- United Airlines (NYSE:UAL) says its passenger unit revenue may have fallen more than expected in Q4, as the November attacks in Paris slowed traveler demand and lower oil prices hurt sales to energy clients at its Houston hub.
- UAL discloses its Q4 consolidated PRASM fell 5.75%-6.25% Y/Y, worse than its earlier forecast for a 4%-6% drop for the quarter.
- United, which has accounted for more than 80% of flights at George Bush Intercontinental Airport in Houston, has taken a bigger sales hit than peers from Q4's nearly 20% decline in U.S. crude oil prices.
- UAL says its Q4 pre-tax profit will come in at 9.75%-10.75%, within the range of its prior guidance of a 9.5%-11.5% margin.
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