Market Currents

• Monday, November 30, 2009

• 14:11 PM The modest gain in air traffic, reversing earlier declines, is showing up in airline stocks this afternoon: UAL (UAUA +6.8%), US Airways (LCC +5.5%), Continental (CAL +4.6%), AMR (AMR +3.6%), Delta (DAL +2.9%), Southwest (LUV +2.8%) and JetBlue (JBLU +2%) all up over 2% today. 1 Comment

• Tuesday, November 24, 2009

• 10:36 AM US Airways (LCC +2.3%) delays delivery of 54 Airbus jets until at least 2013, a move the company says will boost its available cash by about $150M this year and $450M by the end of 2010. Boeing (BA) -1.4%. 2 Comments

• Thursday, November 19, 2009

• 13:28 PM Major companies paid top execs $350M in the few years before dropping employee pension plans, according to a report from the Government Accountability Office. Sources say the report singles out four egregious cases: UAL (UAUA), U.S. Airways (LCC), Polaroid and insurer Reliance Motors and Drivers. United Airlines parent UAL missed nearly $1B in required contributions. 2 Comments
• 09:58 AM Airline stocks feeling the pinch of a glitch in the FAA's auto-flight-scheduling system, which went down early this morning, causing the cancellation and/or delay of thousands of flights. LCC -3.7%. AMR -3.5%. CAL -3.1%. DAL -3%. UAUA -2%. Comment!

• Thursday, October 29, 2009

• 09:00 AM Premarket gainers: AMSC +15%. AIXG +12%. RBS +12%. PQ +11%. LYG +10%. AKAM +10%. MITI +10%. ING +9%. FNM +8%. ABK +8%. CTIC +8%. DB +8%. FITB +7%. FRE +7%. SWSI +7%. BCS +6%. MOT +6%. IRE +6%. ALU +6%. TCK +5%. RCL +5%. RTP +5%. CS +5%. HL +5%. ACGY +5%. MT +5%. GNW +5%. HGSI +5%. FAS +5%. GOLD +5%. LVS +5%. HIG +5%. MGM +4%. CNO +4%. ASML +4%. NCS +4%. LCC +4%. VALE +4%. PG +4%.
  Losers: FSLR -15%. BCRX +4%. FLS -4%. Comment!

• Wednesday, October 28, 2009

• 12:52 PM US Airways (LCC +1.9%) will cut 1,000 jobs in the first half of next year and realign operations around its core network hubs in Charlotte, Philadelphia, Phoenix and Washington. The company is slashing flights to Las Vegas to 36 daily, from 64, and cutting back European routes. Comment!

• Thursday, October 22, 2009

• 09:17 AM US Airways (LCC): Q3 EPS of -$0.83 beats by $0.11. Revenue of $2.72B, including $110 from a la carte revenue initiatives, in-line. Shares +3.4% premarket. (PR) Comment!
• 00:05 AM Notable pre-market earnings: AUO, BDK, BG, BMY, CBE, CELG, CHKP, CIT, CNX, DAL, DHR, DO, DOW, EMC, ERIC, ESV, ETR, FITB, GR, HBAN, HOT, HSY, JBLU, JNS, KMB, LCC, LH, LM, MCD, MJN, MMM, MRK, NCR, NIHD, NUE, NVS, NYT, ORI, OXY, PDS, PLD, PM, PNC, POT, R, RAI, RGC, RS, RTN, RX, SGP, STI, SY, T, TASR, TIN, TMO, TRA, TRV, UNP, UPS, XRX, ZMH Comment!

• Wednesday, October 14, 2009

• 13:13 PM FAA fines for United parent UAL Corp. (UAUA) could reach $3.8M and US Airways (LCC) $5.4M for safety violations - in United's case, for operating a 737 for more than 200 flights with shop towels covering the oil sump, rather than protected caps. 2 Comments

• Thursday, October 8, 2009

• 09:00 AM Premarket gainers: LIZ +15%. NCT +7.5%. VGZ +7%. AA +6%. ING +6%. HEB +6%. MT +6%. AEO +6%. PAL +5%. LCC +5%. RCL +5%. LTD +4%. ANF +4%. TKS +4%. ABB +4%. RTP +4%. ALU +4%. X +4%. NXG +4%.
  Losers: IRE -3%. Comment!

• Thursday, October 1, 2009

• 10:49 AM United parent UAL (UAUA) is down 12.3% after saying late Wednesday it would sell another 19M shares and $175M in convertible notes, not including the underwriters' take. A bad omen for an industry that "needs all the cash it can get," rivals are down in sympathy. CAL -5.1%. LCC -4.9%. AMR -4.4%. DAL -3%. 1 Comment

• Friday, September 25, 2009

• 09:00 AM Premarket gainers: ALTH +11%. SLE +7.5%. LCC +4%. AIB +4%.
  Losers: RIMM -14%. KV.A -12%. KBH -6%. NMR -5%. Comment!

• Wednesday, September 23, 2009

• 09:00 AM Premarket gainers: XLNX +7%. MPG +6%. FBC +5%. BEE +4%. RTK +4%.
  Losers: LCC -7%. CVM -7%. GDP -7%. NXG -5%. CPN -4%. Comment!

• Thursday, September 17, 2009

• 09:00 AM Premarket gainers: AMR +20%. YMI +19%. BBI +8%. PIR +7%. RZ +5%. DFS +4%. LCC +4%. MGM +4%. CVM +4%.
  Losers: SNV -7%. EXK -6%. AIB -4%. Comment!

• Wednesday, September 16, 2009

• 09:00 AM Premarket gainers: OMTR +25%. CVM +18%. HEB +8%. HL +6%. APC +6%. KAD +5%. NXG +5%. HMY +5%. HBC +4%. LVS +4%. LCC +4%. CAL +4%. AIG +4%. AUY +4%.
  Losers: IRE -4%. Comment!

• Thursday, September 10, 2009

• 09:00 AM Premarket gainers: DVAX +82%. RNWK +14%. SWHC +14%. UAUA +13%. VICL +10%. LCC +9%. OCNF +7%. RFMD +6%. BX +5%. YRCW +5%. SWKS +5%. AMR +5%. DAL +4%. AIB +4%. YHOO +4%. ALU +4%.
  Losers: MON -8%. NAV -7%. Comment!