Aug. 23, 2013, 2:51 PM
- A good portion of the confusion over the airline industry is the change in direction by the Justice Department after it backed mega-mergers in the past - but became defiant in the face of a American Airlines (AAMRQ.PK) - US Airways combination.
- Despite the jolt to the sector delivered by the DOJ, some enthusiasm is starting to build back up again as more analysts see capacity discipline surviving either way the merger battle goes.
- Related stocks: LUV, UAL, DAL, AAMRQ.PK, JBLU, ALK, ALGT, RJET, HA, LCC.
Aug. 19, 2013, 12:25 PM
- Airline stocks continue to suffer as the DOJ's suit to block the merger between American Airlines (AAMRQ.PK) and US Airways (LCC -1%) dominates the landscape for the sector.
- Some analysts think an independent American would add flights in an effort to catch up to the Big Two (UAL, DAL) - a development that could create pricing pressure on the sector for the long-term.
- Decliners: SAVE -2.8%, DAL -2.4%, HA -2.1%, LUV -1.5%, RJET -1.5%.
Aug. 16, 2013, 10:35 AM
- Airline stocks recover some ground lost after the DOJ suit against US Airways and American Airlines rattled the sector.
- The group is still lower for the week as macroeconomic factors and an indication that the American Airlines bankruptcy plan could be altered have also been factored in.
- Advancers: US Airways (LCC) +3.2%, Jet Blue (JBLU) +2.8%, Delta Airlines (DAL) +3.1%, United Continental (UAL) +2.7%, Southwest Airlines (LUV) +1.5%.
Aug. 16, 2013, 7:12 AM
- The wiring fault on fire extinguishers for engines of All Nippon Airways Boeing (BA) 787 aircraft was due to improper assembly of bottles at the supplier, Boeing says.
- The problems, which were discovered on Wednesday, wouldn't have presented a flight-safety issue, as the jet has other means of putting out engine fires, the company says.
- United Continental Holdings (UAL) has also reportedly found at least one instance of the improperly assembled extinguishers.
- Meanwhile, Canada has belatedly ordered an inspection of Honeywell (HON) made emergency beacons on most Boeing and Airbus (EADSF.PK) jets after one of the devices was linked to a fire on an Ethiopian Airways 787. The order comes over two weeks after Boeing recommended such checks on a number of its models.
Aug. 13, 2013, 10:53 AM
- Airline stocks trade weaker following the aggressive move by the DOJ to block the merger of US Airways (LCC -6.4%) and American Airlines (AAMRQ.PK).
- The action indicates the sector could see trouble pulling off any other big mergers with the DOJ willing to fight to keep competition alive.
- Decliners: UAL -1.7%, SKYW -3.6%, HA -2.5%, RJET -2.9%, DAL -4.4%, SAVE -2.2%, ALK -3.9%, JBLU -2.4%.
Aug. 2, 2013, 3:36 PM
- A global travel alert issued by the State Department isn't expected to have a large impact on U.S. carriers, according to industry insiders.
- The number of flights to Africa and the Middle East from the U.S. is small enough that a disruption will just flow down as a small blip to earnings.
- Airline stocks (AAMRQ.PK, DAL, UAL, JBLU, LCC) started the day off weak even before the State Department chimed in.
Jul. 25, 2013, 12:35 PMExecs with United Continental (UAL -4.9%) and Southwest Airlines (LUV -2.2%) blame in part the lingering impact of government sequestration and higher tax rates for the soft demand in the sector. Investors seem to have expected a bit more out of today's numbers reported by the carriers as both stocks trade lower. The slip in Southwest could also be attributed to a comment from CEO Gary Kelly that the company isn't looking to add baggage fees anytime soon while United set a cautious tone during its conference call. (Earnings: LUV, UAL) | Jul. 25, 2013, 12:35 PM | 1 Comment
Jul. 25, 2013, 10:05 AM
Jul. 25, 2013, 8:52 AMMore on United Continental's (UAL) Q2: Like its rivals, UAL benefited from lower fuel costs, but the carrier also managed to improve passenger revenue per available seat mile by 1% as some of its peers fell back. Consolidated capacity declined 2.1% to help bring up UAL's load factor to 84.7%, the best mark it ever recorded for the second quarter of the year. (PR) | Jul. 25, 2013, 8:52 AM | Comment!
Jul. 8, 2013, 7:34 PM
Jul. 5, 2013, 6:53 AMAirliners continue to find new ways to raise revenue through in-air services and fees. Ticket prices account for only 70% of revenue, down from 84% in 2000, a mark that could fall even further as carriers (DAL, LCC, JBLU, UAL, AAMRQ.PK, ALGT, LUV, RJET, SAVE) roll out new twists such as "annual subscriptions" and express security screening. | Jul. 5, 2013, 6:53 AM | 1 Comment
Jun. 24, 2013, 4:22 AMWill there be no end to the glitches affecting Boeing's (BA) Dreamliner? In the latest in a series of incidents since commercial 787 flights resumed following a long enforced grounding because of battery problems, a United Airlines (UAL) jet traveling from Houston to Denver returned to Texas due to a brake indicator issue. The question is whether the 787 is experiencing the same number of hitches as all other planes but is receiving more media attention, or whether these incidents really are out of the ordinary. | Jun. 24, 2013, 4:22 AM | 4 Comments
Jun. 21, 2013, 3:18 AMA United Airlines (UAL) Boeing (BA) Dreamliner traveling from London to Houston made an unscheduled stop in New Jersey yesterday due to a low oil indication. The incident is the second one this week involving an oil glitch on a 787, with a United flight from Denver to Tokyo suffering from a possible problem with an oil filter in an engine. Boeing said the two incidents were not related. | Jun. 21, 2013, 3:18 AM | Comment!
Jun. 20, 2013, 8:05 AM
Jun. 19, 2013, 1:44 AMBoeing's (BA) 787 has suffered another hiccup after an apparent problem with an oil filter in one of the plane's engines forced a United Airlines (UAL) Dreamliner flying to Tokyo from Denver to make an unscheduled landing in Seattle. There was no indication that the problem was related to the 787's revamped battery, but it is the latest of several glitches to plague the jet since commercial flights resumed recently. | Jun. 19, 2013, 1:44 AM | 2 Comments
Jun. 18, 2013, 5:51 AMParis Air Show: As widely expected, Boeing (BA) has officially launched the 787-10, a stretched version of the Dreamliner with up to 330 seats, and said it already has orders for 102 jets from five buyers (PR). One of these is United Airlines (UAL), which will be the launch customer in North America with a booking for 20 aircraft, including an upgrade on 10 existing 787 orders. Air Lease Corp. (AL) has booked 30 (PR). Meanwhile, Ryanair's (RYAAY) shareholders have approved the carrier's acquisition of 175 Boeing 737 aircraft in a deal worth $15.6B at list prices. | Jun. 18, 2013, 5:51 AM | 2 Comments
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