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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. 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.
Dec. 4, 2015, 3:58 PM
- OPEC's decision to maintain production levels -- and put more pressure on oil prices -- is boosting a fuel-dependent sector as airline stocks rally.
- Outstripping market gains today: United Continental (UAL +3.8%); Delta Air Lines (DAL +3.2%); and American (AAL +3.9%), as well as smaller carriers. JetBlue (NASDAQ:JBLU) is up 3.4% and Republic Airways (NASDAQ:RJET) is up 3.5%. Hawaiian Holdings rose 2.8% and Spirit (NASDAQ:SAVE) is up 3.4%.
- Meanwhile, Southwest (LUV +4.4%) and Alaska (ALK +5.4%) have hit new all-time highs.
- The airlines are building on some strength from earlier in the week driven by traffic trends.
- Previously: Crude oil closes below $40, no relief in sight for oil industry pain (Dec. 04 2015)
- Previously: Stock futures tilt negative as crude oil slides (Dec. 04 2015)
Dec. 2, 2015, 12:17 PM
- Transportation stocks are lower on the day on some broad macroeconomic concerns. Some BAML downgrades in the sector are also weighing on sentiment.
- Trading is notably weak in CXS Corp (CSX -2.3%), American Railcar Industries (ARII -2.6%), Kansas City Southern (KSU -1.9%), YRC Worldwide (YRCW -5.7%), Heartland Express (HTLD -3.7%), Swift Transportation (SWFT -3%), FedEx (FDX -0.9%), UPS (UPS -0.5%), Air Transport Services (ATSG -1.7%), and Matson (MATX -2.5%).
- A notable exception to the sector slide is airline stocks which are showing strength after Delta Air Lines (DAL +2.7%) reported some eye-opening capacity constraint. The major carrier increased passenger revenue per available seat mile sand load factor during November. A 3% decline in crude oil prices is also factoring in to the rally in airline stocks.
- United Continental (UAL +3.2%), Hawaiian Holdings (HA +2.9%), Southwest Airlines (LUV +2.3%), and Republic Airways Holdings (RJET +4.4%) are all solidly higher.
- The Dow Jones Transportation Average is down 0.8% off the conflicting forces of gravity.
- Related ETFs: IYT, XTN, JETS.
Nov. 24, 2015, 1:49 PM
- A global travel warning issued by the U.S. Department is impacting several sectors. Hotel stocks are notably weaker, while amusement park stocks are also trailing broad market averages. Airlines are feeling a double whammy from travel demand concerns and a 3% rise in crude oil futures.
- In some cases the sell-off appears to be an overreaction with little evidence in that travel habits will change dramatically, according to some analysts.
- Decliners include Hyatt Hotels (H -1.5%), Hilton Worldwide (HLT -1.1%), Marriott International (MAR -1.8%), JetBlue (JBLU -1.7%), Delta Air Lines (DAL -3.3%), American Airlines Group (AAL -2.4%), United Continental (UAL -3.2%), Allegiant Travel (ALGT -5.3%), Spirit Airlines (SAVE -4.1%), Southwest Airlines (LUV -2.7%), Six Flags (SIX -1.0%), Cedar Fair (FUN -1.0%), Disney (DIS -0.9%), and Sabre (SABR -3.9%), Virgin Amerinca (VA -2.5%), Alaska Air Group (ALK -1.5%).
- Previously: PCLN, EXPE, TRIP sell off after State Department issues travel warning (Nov. 24)
Oct. 23, 2015, 3:29 PM
- United Airlines (UAL +5.7%) says it reached a tentative deal with its mechanics union on a first joint labor contract since the combination of United and Continental Airlines, a step toward improving UAL's rocky labor relations.
- The deal with the Teamsters would boost top pay immediately by 25% to an industry-leading $46.15/hour and result in 33% higher pay by the end of the six-year contract, says UAL's VP of maintenance operations.
- The agreement, which still must be approved by the ~8,600 mechanics, comes after more than three years of negotiations; while mechanics from the two subsidiaries have long been able to work interchangeably on aircraft in the combined fleet, they did not have a single contract even though both branches are represented by the Teamsters union.
Oct. 9, 2015, 10:29 AM
- Airline stocks are showing some strength in early trading as investors shrug off another uptick in oil prices.
- Solid traffic reports from United Continental and American Airlines Group are turning attention back to the robust profits being churned up in the sector.
- United raised its Q3 profit forecast, while American saw a big jump in its load factor for September in a positive sign and gave its own favorable estimate on margins.
- Gainers: United Continental (UAL +7.1%), American Airlines Group (AAL +4.4%), Delta Air Lines (DAL +2.5%), Hawaiian Holdings (HA +3.9%), Southwest Airlines (LUV +2.6%), Spirit Airlines (SAVE +4.7%), Virgin America (VA +3%), Allegiant Travel (ALGT +3.1%), Alaska Air Group (ALK +1.8%), JetBlue (JBLU +4.9%).
- Related ETF: JETS.
Sep. 17, 2015, 11:47 AM
- United Continental (UAL +6.3%) trades higher after working out a credit card deal with Visa and Chase Card Services to extend a current partnership,
- The new agreement is forecast by Cowen and Company to add a dollar to UAL's 2016 EPS. UBS thinks the arrangement adds $5 to shares on a longer view.
- Last year, United brought in $2.9B in sales of miles to banks.
Sep. 9, 2015, 11:16 AM
- A management shakeup at United Continental (UAL +0.2%) isn't causing any sense of panic with investors or analysts as most are taking an optimistic view the reset could improve the company's financial performance.
- Investment firms Cowen, Raymond James, and Credit Suisse have all issued positive comments on the long-term impact of the development.
- Shares of UAL are +0.31% today to trail most airline peers by a bit.
- Previously: United Airlines CEO Smisek resigns; CSX exec named successor (Sept. 8)
Aug. 28, 2015, 12:05 PM
- Airline stocks are holding up pretty well considering the strong breakout in oil prices over the last two days.
- The sector didn't rally in full force as oil broke to multi-year lows earlier this week, giving it some leeway with today's move. The wild swings in oil prices also brings the question of hedging strategy back into play. Strategic bets may prime earnings or be a drag depending on timing. American Airlines Group (NASDAQ:AAL) doesn't hedge and just rolls with the market. Delta Air Lines (NYSE:DAL) and United Continental (NYSE:UAL) prefer to hedge against a sudden spike in oil.
- The U.S. Global Jets ETF (NYSEARCA:JETS) is +0.66% on the day, helped in part by a big rally in UAL after its addition to the S&P 500.
Aug. 28, 2015, 9:53 AM
- United Continental (UAL +5.7%) trades higher after being selected to be included in the S&P 500 Index.
- The airline stock will join the index on September 2.
Aug. 28, 2015, 9:17 AM
Aug. 27, 2015, 5:39 PM
- Activision Blizzard (NASDAQ:ATVI) will replace Pall Corp. (NYSE:PLL), and United Continental (NYSE:UAL) will replace Hospira (NYSE:HSP) in the S&P 500 after the close of trading on Aug. 28 and Sept. 2, respectively.
- S&P 500 member Danaher is acquiring Pall, and Hospira is being acquired by Pfizer.
- ATVI +6.3%, UAL +6.8% AH.
Aug. 27, 2015, 5:39 PM
Aug. 14, 2015, 9:16 AM
- Airline stocks are on watch as U.S. crude oil prices hit their lowest level in six years.
- The sector hasn't rallied with the same vigor as it did with previous swings lower in oil which has some analysts calling for a delayed rally.
- Though many companies left some savings on the table due to hedging activity, fuel cost per mile flown ranged lower by 20% to 45% in the sector during Q2.
- Earlier this week, Raymond James pitched the case that airlines will use fare increases to cover rising labor costs, leaving fuel expense savings for balance sheet moves.
- Related stocks: DAL, UAL, AAL, SAVE, RJET, HA, ALK, JBLU, VA, ALGT, LUV.
- Related ETF: JETS.
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