Oct. 9, 2013, 7:16 AM
- The FAA recalls 800 workers that were sent home when the government shutdown started on October 1.
- The move should alleviate some concerns about the impact of the budget impasse on the sector, although with the agency's aircraft registry still closed carriers won't be able to accept new aircraft.
- Related stocks: [[AAMRQ/PK]], DAL, UAL, LUV, JBLU, RJET, ALK, HA, SAVE, LCC.
Oct. 7, 2013, 10:57 AM
- United Continental (UAL -2%) announces new routes from both its San Francisco and Los Angeles hubs.
- The new flights into Minneapolis (from LAX) and Atlanta (from SFO) enter into the home turf of some of United's rivals.
- United will fly the Atlanta flights with Boeing 737-800 aircraft, while the Minneapolis route will be flown via SkyWest Airlines with CRJ700 regional jets.
Oct. 4, 2013, 7:53 AM
- Japan Airlines asks the Japanese government for a formal review on why the carrier didn't receive half the new landing slots awarded at Tokyo's Haneda airport.
- The company says the decision could cost it ¥6B annually.
- United Continental (UAL) scored a nice win when partner ANA Holdings was awarded 11 slots at the busy airport.
Oct. 2, 2013, 3:47 PM
- United Continental (UAL -1.5%) will be able to increase its presence in Tokyo after Japanese partner ANA Holdings was awarded an extra 11 takeoff and landing slots at busy Haneda airport.
- In a break from tradition, the Japanese government didn't split the slots evenly amongst rivals as Japan Air came up short.
Oct. 1, 2013, 10:39 AM
- Airline executives aren't getting all weepy about at least one aftershock of the government shutdown as the DOJ requests a stay in its legal fight to stop the merger of US Airways (LCC +1.8%) and American Airlines (AAMRQ.PK).
- The DOJ's aggressive stance put a mild damper on an industry where capacity discipline had turned a corner.
- Airline stocks have been more sensitive than other sectors to government shutdown news and today the group is rallying in force with the sale of Frontier Airlines by Republic Airways to a P-E group also in the background.
- Advancers: Republic Airway (RJET) +6.2%, Alaska Air (ALK) +4%, United Continental (UAL) +2.9%, Spirit Airlines (SAVE) +2.2%, Delta Air Lines (DAL) +1.7%.
Sep. 27, 2013, 9:47 AM
- Airline stocks fall in early trading as the industry is increasingly viewed as more at risk from a government shutdown than others.
- United Continental (UAL -7.5%) is also getting hit with a downgrade from Buckingham Research to a Hold rating from Buy.
- Decliners: Delta Air Lines (DAL) -3.4%, Spirit Airlines (SAVE) -2.1%, US Airways (LCC) -2.0%, JetBlue (JBLU) -1.6%, Alaska Air (ALK) -1.4%.
Sep. 23, 2013, 11:15 AM
- Despite cutting global airline profit estimates for 2013, the IATA sees positive signs for 2014.
- Increased business travel and improved consumer confidence should help profits soar to $16.4M, according to the group.
- The IATA taps North American carriers in particular for a strong year.
- IATA press release
- Related stocks: LUV, AAMRQ.PK, UAL, DAL, ALK, HA, JBLU, RJET, LCC, SAVE
Sep. 23, 2013, 10:53 AM
- IATA cuts its estimate for global airline profits in 2013 to $11.7B, a reduction of 8% from a prior forecast.
- The association notes higher oil prices are the main factor for taking a dimmer view of profits for the sector.
- Related stocks: Delta Air Lines (DAL), United Continental (UAL), US Airways (LCC), Ryanair (RYAAY), Cathay Pacific Airways (CPCAY.PK), Singapore Airways (SINGY.PK), China Eastern Airlines (CEA), China Southern Airlines (ZNH), Copa Holdings (CPA), Gol Linhas (GOL), and Latam Airlines (LFL).
Sep. 19, 2013, 1:25 PM
- A new report estimates that global airlines hauled in a record $27.1B in services fees last year.
- United Airline (UAL +1.2%) topped the list with a $5.4B haul in additional fees, whole Delta Air Lines (DAL +0.8%) came in second at $2.6B.
- Bags-Fly-Free carrier Southwest Airlines (LUV +1.4%) only squeezed out $161M in fees, primarily through its "early bird" reservation perk.
Sep. 18, 2013, 7:13 AM
- The FAA could disrupt the commercial airline industry as the agency considers a new round of furloughs beginning in October.
- A budget gap of as much as $700M looms for the FAA's new fiscal year.
- Airliners were looking forward to Q4 as a period where capacity discipline and lower crude oil prices were setting them up for an increase in profits.
- Related stocks: DAL, LUV, RJET, AAMRQ.PK, LCC, UAL, ALK, HA, SAVE, ALGT.
Sep. 17, 2013, 6:54 AM
- The NYSE Arca Airline Index hit a six-year high yesterday after crude oil prices fell again.
- JPMorgan sees clear skies ahead for Delta Air Lines (DAL) and US Airways (LCC), upgrading the pair to Overweight.
- Despite consumer spending restraint in the U.S., demand for air travel has held up. Carriers such as JetBlue (JBLU) and United Continental (UAL) are showing improvement in load revenue and passenger revenue per available seat miles.
Sep. 10, 2013, 2:27 PM
- A drop in oil prices has helped lift airline stocks on the day.
- All in all, it's been a week of good news for the sector with Delta Air Lines being tagged for inclusion in the S&P 500 Index and the latest outlook on the American-US Airways merger leaning favorable again.
- In the bull camp, Cowen analyst Helane Becker think the sector will see strong traffic gains.
- Advancers: UAL +6%, DAL +4.4%, ALK +4.3%, SAVE +3.9%, LUV +3.8%, JBLU +3.7%, RJET +2.9%, LCC +2.8%.
Sep. 6, 2013, 10:40 AM
- Higher crude oil prices continue to tip sentiment on airline stocks.
- The industry was starting to see some traction on global fares and domestic capacity discipline before the recent tension in Syria threw a wildcard in the mix.
- Decliners: HA -3.0%, RJET -2.9%, ALGT -2.3%, DAL -2.0%, JBLU -1.2%, UAL -0.9%.
Sep. 5, 2013, 3:45 PM
Aug. 29, 2013, 11:33 AM
- A research note from Buckingham Research dissects the recent development that the Department of Justice will work toward a settlement with US Airways (LCC +4.2%) and American Airlines (AAMRQ.PK).
- Analyst Dan McKenzie calls a quick deal "highly unlikely" because of the high concessions the DOJ is asking for and the difficulty in getting six state AGs and the District of Columbia to sign off.
- If Buckingham is right, today's airline stock rally (DAL, UAL, LUV, SAVE, ALGT, JBLU) could be a bit hasty.
Aug. 29, 2013, 10:53 AM| 1 Comment
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