Tue, Mar. 24, 9:48 AM
- Airline fares in the U.S. rose in February, according to the Bureau of Labor Statistics.
- The average fare was up 1.9% from January.
- Fares were 3% lower than they were a year ago during February.
- Though a slight increase was expected with oil prices higher, the reading is still positive for the sector as the impact of capacity gains in key markets on fares is weighed.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW.
- BLS CPI data
Mon, Mar. 16, 6:07 PM
Thu, Mar. 5, 7:39 PM
- A major winter storm which is sweeping across a wide part of the eastern and southern part of the U.S. impacted air travel.
- The number of flight cancellations today totaled over 5,300 with SkyWest (NASDAQ:SKYW), Southwest Airlines (NYSE:LUV), Delta Air Lines (NYSE:DAL), American Airlines Group (NASDAQ:AAL) and Republic Airlines (NASDAQ:RJET) all hit hard.
- Weather has also played a factor in the retail sector. Several mall-based chains blamed Mother Nature for the year-over-year drop in traffic during February.
- Previously: U.S. retailers warn on cold snap impact
Thu, Feb. 26, 9:15 AM
- Airline fares fell 3.0% Y/Y in the U.S. during January on an unadjusted basis, according to data from the Bureau of Labor Statistics.
- The average fare was down 1.4% M/M.
- The drop in fares over the last few months lags by a wide margin the fuel expense savings reported by carriers.
- Related stocks: LUV, UAL, DAL, AAL, JBLU, ALK, HA, SAVE, ALGT, RJET, VA, SKYW,
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| 2 Comments
Thu, Feb. 12, 7:20 AM
Thu, Feb. 12, 6:57 AM
- SkyWest (NASDAQ:SKYW) reports revenue passenger miles decreased to 7.715B 2.7% in Q4
- The carrier's load factor was down 20 bps to 81.6% vs. a passenger breakeven factor of 85.3%.
- Revenue per available passenger mile +3.6% to $0.086.
- Aircraft fuel expense -18.0% to $38.83M.
- Salaries and wages expense +2.4% to $313.9M.
- Departures were down 6.6% during the quarter, while average trip length was up 0.6% to 538 miles.
Wed, Feb. 11, 5:30 PM
- AAP, AAWW, AB, ACOR, ANR, APA, AVP, BG, BWA, CAB, CCE, COR, CPLA, CS, CVE, DBD, DPS, FAF, FLO, GNC, HE, HERO, HIMX, HSP, IFF, INCY, JAH, K, LMNS, LNCE, LPNT, MANU, MDWD, MFA, MFC, MHFI, MINI, MPEL, MPW, NCI, NLSN, NNN, NRP, NWE, PDS, PNK, Q, RDN, RTIX, RWLK, RYN, SCOR, SHPG, SKYW, SNI, SON, SPW, STC, THS, TIME, TU, VG, VNTV, WD, WSO, WWAV, WWE
Fri, Jan. 30, 6:58 PM
- Airline stocks took a beating in late trading today as crude oil futures surged 8% to pass $48/bbl, caused by a big drop in U.S. working rigs in the past week and a spike in ISIS attacks on oil-rich northern Iraq.
- SKYW -7.8%, VA -7.6%, SAVE -7.1%, AAL -6%, DAL -5.8%, RJET -5.7%, UAL -5.6%, ALK -4.5%, LUV -3.8%, LFL -3.6%, JBLU -2.1%.
Mon, Jan. 26, 8:23 AM
- Winter Storm Juno is expected to cause widespread flight cancellations on the East Coast this week.
- JetBlue (NASDAQ:JBLU) has the highest number of cancellations today per FlightAware.com.
- United Continental (NYSE:UAL), Southwest (NYSE:LUV), SkyWest (NASDAQ:SKYW) through ExpressJet, Delta Air Line (NYSE:DAL), and American Airlines Group (NASDAQ:AAL) will also be affected.
- What to watch: The impact of major weather events on the bottom line of airlines can be complicated. Losses can be minimal in some cases as load factors actually improve, but if business travelers don't rebook trips, the loss of revenue can be a negative factor.
Fri, Jan. 9, 12:26 PM
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
Dec. 18, 2014, 6:53 AM
Nov. 28, 2014, 8:13 AM
- The OPEC decision to hold oil production levels steady has put a charge into airline stocks in early trading off the prospect for sustained lower jet fuel costs.
- Delta Air Lines (NYSE:DAL) is up 4.1% premarket and United Continental (NYSE:UAL) has already rallied 3.5%. The rest of the group is expected to fall suit.
- Airline stocks on watch: JBLU, AAL, LUV, ALGT, SAVE, HA, ALK, SKYW, VA.
Nov. 25, 2014, 9:17 AM
- Embraer (NYSE:ERJ) and SkyWest (NASDAQ:SKYW) have confirmed a firm order for seven E175 jets, valued at an estimated $301M based on 2014 list prices.
- The aircraft are part of SkyWest's previous order for 100 (40 firm and 60 reconfirmable) E175 current generation E-Jets placed in May 2013, taking the firm order number to a total of 47.
- The order will be included in Embraer's 2014 Q4 backlog.
- ERJ +1.3% premarket
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