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   Non-TechAirline Discussion Board

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From: Sam1/10/2019 9:27:40 AM
   of 1071
American Airlines shares slide 6.6% premarket after carrier cuts 2018 EPS guidance
MARKETWATCH 8:14 AM ET 1/10/2019

Symbol Last Price Change
33.42 0 (0%)
QUOTES AS OF 04:15:00 PM ET 01/09/2019

American Airlines Group Inc.'s (AAL) shares (AAL) tumbled 6.6% in premarket trade Thursday, after the carrier cut 2018 guidance to below consensus as it books about $250 million in pretax special items for the fourth quarter. The company said it now expects 2018 EPS to range from $2.92 to $3.12, and adjusted EPS to range from $4.40 to $4.60. The FactSet consensus is for EPS of $4.62. The company said special items include fleet restructuring costs, merger integration costs, aircraft rent cost associated with a new lease accounting standard and mark-to-market adjustments for bankruptcy obligations and equity investments. The company is expecting revenue per available seat mile to be up about 1.5% from the year-earlier period, at the low end its of previous guidance of up 1.5% to up 3.5%. Shares have fallen 37.9% in the last 12 months, while the S&P 500 has fallen 5.9%.

-Ciara Linnane; 415-439-6400;

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From: Sam1/10/2019 9:35:20 AM
   of 1071
Cowen clips Southwest Airlines
Jan. 10, 2019 7:17 AM ET|About: Southwest Airlines Co. (LUV)|By: Clark Schultz, SA News Editor

Cowen drops Southwest Airlines (NYSE: LUV) to a Market Perform rating after having it set at Outperform.

The firm lowers its price target on the airline stock to $54 from $65.

Shares of LUV are down 0.16% in premarket trading to $49.00. Over the last 90 days, Southwest has peeled off 14%.

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To: Sam who wrote (812)1/10/2019 9:35:59 AM
From: Sam
1 Recommendation   of 1071
Airline stocks reeling after American guidance cut
Jan. 10, 2019 8:26 AM ET|By: Clark Schultz, SA News Editor

A drop in guidance by American Airlines over a weaker-than-anticipated improvment in the U.S. market during Q4 is looking like it will hang heavy over the airline sector today.

Southwest Airlines (NYSE: LUV) is down 3.0% in premarket action, while United Continental (NASDAQ: UAL) is off 2.2%. Also in the mix - JetBlue (NASDAQ: JBLU) is 3.4% lower, Spirit Airlines (NASDAQ: SAVE) has peeled off 1.9% and Alaska Air Group (NYSE: ALK) is down 1.7%.

Related ETF: JETS

Previously: American Airlines -7% after guidance slash (Jan. 10)

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From: Sam1/10/2019 12:26:15 PM
   of 1071
American Airlines' Profit Warning Sends Carrier Shares Lower
DOW JONES & COMPANY, INC. 12:19 PM ET 1/10/2019

Symbol Last Price Change
31.3751 -2.0449 (-6.12%)
47.78 -0.69 (-1.42%)
48.35 -0.73 (-1.49%)
QUOTES AS OF 12:22:50 PM ET 01/10/2019

American Airlines Group Inc. (AAL) trimmed its profit guidance for 2018, raising concerns that U.S. carriers are falling short of revenue expectations and sending shares down across the sector.

American said Thursday that revenue didn't rise as much as expected at the end of the year. Delta Air Lines Inc.(DAL) last week also trimmed its fourth-quarter revenue outlook, as a result of slower sales of more expensive tickets in December.

Some investors and analysts expect other airlines will report similarly lackluster revenues and stop raising airfares, potentially denting their profitability. Shares in American fell nearly 7.75% on Thursday, while Delta's shares fell more than 2.3%. Shares in United Continental Holdings Group Inc. shares fell 5.3%, and shares in Southwest Airlines Co.(LUV) were down about 2.5%.

Most of those carriers will report their fourth-quarter earnings later this month. American, the world's largest airline by traffic, said it now expects adjusted earnings of $4.40 to $4.60 a share for 2018, down from an October forecast of $4.50 to $5 a share and below the $4.62 a share that analysts polled by FactSet had expected.

American also cut its expectations for unit revenue, a measure of income per seat flown a mile. American predicted its fourth quarter unit revenue rose 1.5% from a year ago, after previously projecting it could climb as much as 3.5%.

Those revisions could threaten a record stretch of profitability for U.S. carriers.. While a drop in fuel prices since October could boost airlines' bottom lines, it could also hurt their ability to raise fares, analysts say, particularly if the economy slows and demand for air travel ebbs.

Not all carriers struggled to meet revenue targets at the end of the year. Allegiant Travel Co. said its Allegiant Air unit, a leisure-focused budget carrier, said Wednesday that its unit revenue climbed between 3.7% and 4.1% in the fourth quarter.

American's shares are down 43% in the past year as the airline has been weighed down by a heavy debt load, some operational stumbles and stiff competition from United's wider network of routes.

"The company cannot continue to come out with a bullish message and then underperform all year," Cowen & Co. analyst Helane Becker wrote in a research note. "We can't help but be disappointed."

--Colin Kellaher contributed to this article.

Write to Alison Sider at

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From: Sam1/10/2019 12:53:29 PM
   of 1071
Airline Stock Nosedives After Lowered Unit Revenue Guidance
J. P. Morgan and Cowen have already issued price-target cuts to AAL

by Patrick Martin
Published on Jan 10, 2019 at 9:11 AM

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From: Sam1/15/2019 8:29:45 AM
   of 1071
Delta growth to slow further in first quarter as shutdown weighs
REUTERS 8:28 AM ET 1/15/2019

Symbol Last Price Change
47.75 0 (0%)
QUOTES AS OF 04:00:45 PM ET 01/14/2019

By Ankit Ajmera and Tracy Rucinski

(Reuters) - Delta Air Lines Inc(DAL) on Tuesday forecast a further decline in revenue growth per mile flown in the first quarter, hit by a partial government shutdown and worries about whether airlines can raise fares in an uncertain global economy.

Shares fell 2 percent to $46.80 before the bell.

Delta, the second largest U.S. airline, reported quarterly revenue in line with analysts' estimates and profit that topped he Wall Street consensus by 3 cents per share.

But Delta forecast that year-on-year growth in unit revenue, which compares sales to flight capacity, would be hurt in the current quarter by the timing of Easter, increasing foreign exchange headwinds, and the ongoing U.S. government shutdown, which entered its 25th day on Tuesday.

Speaking on CNBC, Delta Chief Executive Officer Ed Bastian said the partial shutdown will cost the airline $25 million in lost revenue in January because fewer government contractors are traveling.

And with some 800,000 government employees furloughed or working without pay, U.S. airlines are not able to launch new routes or place newly delivered airplanes into service because they need certification from federal officials.

In a note to investors, Cowen and Co analyst Helane Becker said corporate travel will also be affected by the shutdown and replaced with lower-yielding leisure travel.

Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, below analysts' estimate of 94 cents, according to IBES data from Refinitiv.

Both Delta and larger rival American Airlines Inc lowered estimates earlier this month for fourth-quarter revenue per available seat, raising concerns that an economic deceleration was hurting business travel. The forecasts sent their shares sharply lower.

Delta said on Tuesday that unit revenue will be in a range between flat to up 2 percent in the first quarter, compared with 3.2 percent growth in the fourth quarter ended Dec. 31.

On an adjusted basis, the airline earned $1.30 per share for the fourth quarter, above the $1.27 per share expected by analysts.

Total operating revenue rose 5 percent to $10.74 billion, in line with the Wall Street estimate.

(Reporting by Ankit Ajmera in Bengaluru and Tracy Rucinski in Chicago; Editing by James Emmanuel and Jeffrey Benkoe)

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From: Sam1/16/2019 7:40:51 AM
   of 1071
United Continental Beats Fourth Quarter Sales, Earnings Forecasts Amid $2.4 Billion Fuel Headwind
MT NEWSWIRES 6:53 AM ET 1/16/2019

Symbol Last Price Change
81.2 0 (0%)
QUOTES AS OF 04:00:00 PM ET 01/15/2019

06:53 AM EST, 01/16/2019 (MT Newswires) -- United Continental Holdings(UAL) , the parent company of United Airlines, reported higher sales and earnings in its fourth quarter on Wednesday, beating analysts' estimates as it implemented the first year of a strategic plan.

Revenue rose to $10.49 billion during the three months that ended December 31, up from $9.45 billion a year ago, surpassing the $10.34 billion average analyst estimate compiled by Capital IQ. Adjusted earnings per share rose sharply to $2.41 from $1.44 a year earlier, outshining the Street's view of $2.02.

The company, which reported a $2.4 billion year-over-year headwind from fuel, said earlier this year that it expects to increase capacity by 4%-to-6% in 2018 and sees similar growth rates in 2019 and 2020.

It said in its earnings statement on Wednesday that it recovered 98% of the year-over-year increase in fuel prices in 2018. That was helped in part by passenger revenue per available seat mile, which rose by 5% in the fourth quarter.

"United's financial performance is a testament to the successful implementation of the first year of our strategic plan and to the record-setting operational performance," Chief Executive Officer Oscar Munoz said in the statement. "United delivered proof, not just promises in 2018 - even in the face of significant headwinds from higher than expected fuel costs."

Looking ahead to 2019, the company said that it expects adjusted diluted earnings per share to grow year-over-year to between $10.00 to $12.00, compared with a market consensus of $10.95.

Price: 86.30, Change: +5.10, Percent Change: +6.28

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From: Alejandroo Green1/18/2019 8:56:47 AM
   of 1071
There is bullish crossover in MACD and Stochastic oscillator. Looking for breakout at 34.79 for a run up to 40.63.

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From: Sam1/24/2019 6:52:53 AM
   of 1071
Southwest's stock surges after profit, revenue beat expectations, while load factor misses
MARKETWATCH 6:44 AM ET 1/24/2019

Symbol Last Price Change
51.02 0 (0%)
QUOTES AS OF 04:02:41 PM ET 01/23/2019

Shares of Southwest Airlines Co.(LUV) surged 1.9% in premarket trade Thursday, after the air carrier reported a fourth-quarter profit and revenue that beat expectations, while load factor fell short. Net income fell to $654 million, or $1.17 a share, from $1.7 billion, or $2.94 a share, in the same period a year ago. Excluding non-recurring items, adjusted earnings per share came to $1.17, above the FactSet consensus of $1.07. Total revenue rose 8.5% to $5.70 billion, topping the FactSet consensus of $5.67 billion, as 8.6% growth in passenger revenue to $5.32 billion beat expectations of $5.27 billion. Load factor fell 1.5 percentage points to 83.5%, below the FactSet consensus of 84.4%. Revenue per available seat mile increased 1.8%, as passenger revenue yield increased 3.7%. Operating expenses per ASM rose 1.5%, due primarily to higher jet fuel prices. The stock has gained 2.2% over the past three months, while the NYSE Arca Airline Index has climbed 5.2% and the S&P 500 has lost 0.7%.

-Tomi Kilgore; 415-439-6400;

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From: Sam1/24/2019 7:49:14 AM
   of 1071
American Airlines +6% after revenue topper
Jan. 24, 2019 7:47 AM ET|About: American Airlines Group (AAL)|By: Clark Schultz, SA News Editor

American Airlines (NASDAQ: AAL) jumps after reporting Q4 revenue ahead of estimates.

Operating revenue came in at $10.94B for the quarter and unit revenue was up 1.7% vs. +1.5% AAL guidance. Load factor was 82.1% vs. 82.8% a year ago.

Looking ahead, American sees Q1 revenue per available seat mile growth of 0% to 2% and FY19 EPS of $5.50 to $5.70 vs. $5.88 consensus.

CEO outlook: "We are intent upon running the most reliable operation in our post-merger history, pursuing high margin growth opportunities at our most profitable hubs, and executing on a number of valuable revenue and cost saving initiatives. We expect our total revenue per available seat mile to grow faster than our network competitors, and to deliver strong pre-tax earnings growth in 2019. At the midpoint of our guidance, 2019 diluted earnings per share excluding special items would increase approximately 40 percent versus 2018."

AAL +6.07% premarket to $33.53.

Previously: American Airlines beats by $0.03, revenue in-line (Jan. 24)

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