78.83 0.00 (0.00%)
After hours: 6:23PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||77.40 - 80.17|
|52-week range||69.12 - 101.43|
|PE ratio (TTM)||12.82|
|Earnings date||25 Oct 2017|
|Forward Dividend & Yield||1.20 (1.48%)|
|1y target est||97.07|
United (UAL) is lower today, after a light forecast overshadowed a decent third-quarter earnings report. The airline said it earned $2.22 per share, a dime better than the consensus, while revenues fell 0.4% year over year to $9.88 billion, just edging past the $9.87 billion analysts were expecting (including a loss of some $210 million of revenue from severe weather during the quarter.) It said passenger revenue per available seat mile (PRASM) was down 3.7%. For the fourth quarter, it expects PRASM down 1% to 3% and capacity to grow 3% to 5%. Bernstein's David Vernon reiterated a Market Perform rating on the stock, writing that the quarter got lost as investors fretted about the guidance: While the 3Q result was solid, the guidance for 4Q is mixed.
Copa Holdings (CPA) impresses with a solid rise in traffic figures for September. Load factor in the month increased owing to traffic expansion outshining capacity growth.
Huntsman, Alaska Air, United Air Lines, American Express and eBay highlighted as Zacks Bull and Bear of the Day
Billionaire Richard Branson is not putting the sale of Virgin America to Alaska Air behind him.
Delta Air Lines (DAL) has a forward EV-to-EBITDA multiple of 5.6x. That's higher than its average valuation of 5.4x from January 2009 to date.
Delta Air Lines (DAL) increased its dividend payout 50.0% in 3Q17, resulting in ~$0.31 dividend per share. At that rate, DAL has an indicated dividend yield of 2.3%.
Zacks Industry Outlook Highlights: United Continental Holdings, Spirit Airlines, Southwest Airlines, American Airlines Group and Alaska Air Group
Morgan Stanley’s Rajeev Lalwani and his team take a look at airline pricing, writing that they expect a stable environment going into the end of the year. Lalwani polled investors about their thoughts on passenger revenue per available seat mile (PRASM), and found that most (about 61%) expect it to be in the 0% to 1% range. Investors think that less competition, strong demand, and ongoing sales initiatives will boost PRASM, although higher capacity and tough year-over-year comparisons could offset some of those tailwinds.
ANCHORAGE, Alaska (AP) — In a story Oct. 3 about new cargo planes for Alaska, The Associated Press reported erroneously that these are the first passenger planes to be converted for cargo use. These are the first 737-700 passenger planes converted to cargo use.
The mass shooting incident in Las Vegas is expected to throw a new challenge to airline stocks. Travel to one of the most attractive tourist destinations is likely to decline.
Alaska Air Group Inc on Wednesday posted a 13.8 percent rise in quarterly profit, helped in part by the December 2016 acquisition of former rival Virgin America. Alaska, now the fifth-largest U.S. carrier ...
Rep. Bill Shuster threatens that Congress will take action if airlines do not act, and he warns that they "would not like the outcome."
The airline industry put up its best performance in decades when it comes to completing flights and handling bags.
Jim Cramer explained why he is taking a different stance from many investors, and doesn't think a sell-off is in the cards.