Dec. 10, 2013, 10:16 AM
- A winter storm spread across the Northeast is creating a ripple effect of airline flight cancellations.
- FlightAware.com reports 1,369 cancellations today after over 2,200 were scrapped yesterday.
- The carriers most impacted by the weather are American Airlines Group (AAL), United Continental (UAL), and Republic Airways (RJET).
- Typically, airlines lose less than 25% of the revenue from canceled flights with factors such as the percentage of business travelers and the length of the suspension of service coming into play. In some cases, if the weather matrix is handled adroitly - a carrier can be close to break-even off the development.
Dec. 10, 2013, 6:56 AM
- The IATA forecasts airlines will see the total number of passengers served rise by 31% to 3.91B by 2017.
- The biggest increase in demand will be in the Middle East and Asia-Pacific regions.
- The U.S. will still have the largest domestic market by 2017, but China will narrow the gap as capacity increases significantly.
- Related stocks: AAL, UAL, DAL, RYAAY, CPCAY, SINGY, CEA, ZNH, CPA, GOL, LFL, DLAKF, AIDIF, QUBSF, JBLU, RJET, SAVE, ALK, HA, AIRYY, MLYAF, AFLYY.
Dec. 5, 2013, 5:18 PM| Dec. 5, 2013, 5:18 PM | Comment!
Dec. 5, 2013, 6:57 AM
- The IATA reports global air traffic rose 6.6% in October to show an acceleration from September's mark.
- The markets in China and Russia paced the gains, up 12.3% and 11.4% respectively, while airlines in Latin America recorded the best improvement in load factor on tight capacity.
- Though airlines in North America only saw a moderate 3.6% rise in international travel, indications are that the business environment is improving.
- Related stocks: AAL, UAL, DAL, RYAAY, CPCAY, SINGY, CEA, ZNH, CPA, GOL, LFL, DLAKF, AIDIF, QUBSF.
Nov. 30, 2013, 9:30 AM
- The Obama administration wants U.S. carriers to avoid routing flights as the crow flies if it means crossing into Chinese airspace with tensions escalating over China's new air defense zone.
- The move by China is related to a territorial dispute with Japan over a group of rocky islands, but threatens to disrupt the commercial airline industry in the nation.
- In an act of defiance, Japanese and South Korean carriers aren't filing flight plans to comply with the new strict regulations from Beijing.
- What to watch: The lucrative business travel segment in China could be up for grabs if Beijing extends the strict regulations or punishes non-compliant carriers.
- Related airliners: Delta Air Lines (DAL), United Continental (UAL), US Airways (LCC), Ryanair (RYAAY), Cathay Pacific Airways (CPCAY), Singapore Airways (SINGY), China Eastern Airlines (CEA), China Southern Airlines (ZNH), British Airways.
Nov. 19, 2013, 8:56 AM
Nov. 12, 2013, 10:25 AM
- Airline stocks are higher on chatter that a settlement between US Airways and AMR (AAMRQ) is close to being finalized.
- The industry for the most part would like to see the American-US Airways merger go through as it would make it easier to keep capacity discipline in line than if American emerged from bankruptcy as a feisty stand-alone.
- Advancers: US Airways (LCC) +2.7%, United Continental (UAL) +2.8%, Delta Air Lines (DAL) +1.7%, JetBlue (JBLU) +0.9%, Alaska Air Group (ALK) +0.9%.
- Related ETFs: IYT
Nov. 8, 2013, 3:20 PM| Nov. 8, 2013, 3:20 PM | Comment!
Nov. 7, 2013, 10:25 AM
- US Airways (LCC +0.7%) and United Airlines (UAL +1%) have secured approval from the FAA to allow expanded use of electronic devices on flights.
- Some American (AAMRQ) flights and domestic Delta Air Lines (DAL +0.7%) flights are already operating under the new device rules.
- Several regional carriers, including Alaska Airlines ALK, are still working on their plans to be submitted to the FAA.
Oct. 29, 2013, 11:08 AM
Oct. 25, 2013, 3:12 PM| Oct. 25, 2013, 3:12 PM | Comment!
Oct. 25, 2013, 8:14 AM
Oct. 24, 2013, 7:36 AM
Oct. 18, 2013, 7:01 AM
- United Continental (UAL) applies for the rights to fly to Haneda Airport from San Francisco a day after American said it would drop its New York flight into Haneda.
- Slots into Haneda are highly coveted with its proximity to Tokyo making it more attractive to travelers than flying into the Narita International Airport.
Oct. 11, 2013, 11:53 AM
- The 10-day old government shutdown hasn't led to any significant decrease in flights so far.
- Less than 1% of flights from major carriers have been canceled during the period with weather a factor in many of those.
- Still, airline insiders warn the shutdown hasn't hit a tipping point in duration just yet which could affect the number flight delays and cancellations.
- Related stocks: LUV, UAL, DAL, AAMRQ.PK, JBLU, LCC, ALK, HA, SAVE, ALGT, RJET.
Oct. 9, 2013, 1:06 PM
- Orbitz reports that air fares to the top 10 destinations for the Thanksgiving weekend rose 9.4% compared to a year ago.
- Visitors to Las Vegas for the weekend felt the most pain with fares up 15%.
- The industry has seen fares rise on capacity discipline.
- Related stocks: AAMRQ.PK, LCC, JBLU, LUV, DAL, UAL
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