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Southwest Airlines CEO On 'Breathtaking' March Declines, Financial Plans
Tuesday, April 28, 2020 - 3:35pm | 530Southwest Airlines Co (NYSE: LUV) was flying high in January and the beginning of February, but started to see signs of the effect of the coronavirus at the end of February, CEO Gary Kelly said on CNBC's "Squawk Box." Southwest Sees 'Breathtaking' Traffic Decline By the...
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ICYMI: Venture Capitalist Palihapitiya Says Airlines Deserve To Fail
Monday, April 13, 2020 - 2:49pm | 512The airline industry deserves to fail amid a business downturn driven by the coronavirus pandemic, venture capitalist Chamath Palihapitiya said Thursday on CNBC's "Halftime Report." Bankruptcy is a misleading term that doesn't automatically translate to job losses, he...
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Airliners Giving Mixed Guidance: United, Delta Reaffirm, JetBlue Warns
Wednesday, September 4, 2019 - 8:56am | 397Airline stocks were trading mixed Wednesday morning after a handful of industry giants provided financial updates as part of presentations at the Cowen and Company 12th Annual Global Transportation Conference. United Reaffirms Q3 And Full-Year United Airlines Holdings Inc (NASDAQ: UAL) updated...
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Stephens More Bullish On Delta After Guidance Update
Wednesday, July 3, 2019 - 12:41pm | 325Delta Air Lines, Inc. (NYSE: DAL) reported Tuesday certain metrics for June that signals the "doom and gloom" thesis for the airliner is not accurate, according to Stephens. The Analyst Stephens' Jack Atkins resumed coverage of Delta with an Overweight rating and $70 price target. The...
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Airline Sector Deals With Multiple System-Wide Outages
Monday, April 1, 2019 - 8:28am | 385Several U.S.-based airliners confirmed they were affected by system-wide computer outages Monday morning. What Happened Airliners including Southwest Airlines Co (NYSE: LUV), Delta Air Lines, Inc. (NYSE: DAL), American Airlines Group Inc (NASDAQ: AAL), United Continental Holdings Inc (NASDAQ: UAL)...
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Morgan Stanley Expects Sabre To See 'Minimal Disruption' From 737 Max Grounding
Monday, March 18, 2019 - 10:00am | 377Technology provider to the travel industry, Sabre Corp (NASDAQ: SABR) is likely to see "minimal disruption" to its business from the grounding of Boeing Co (NYSE: BA)'s 737 Air Max, according to Morgan Stanley. The Analyst Morgan Stanley's Brian Essex maintains an Equal-weight...
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Deutsche Bank's Airline Update: Delta, American Upgraded To Buy
Wednesday, October 17, 2018 - 9:52am | 482A bullish thesis for Delta Air Lines, Inc. (NYSE: DAL) and American Airlines Group Inc (NASDAQ: AAL) is justified after metrics in their earnings reports came in ahead of optimistic projections, according to Deutsche Bank. The Analyst Deutsche Bank's Michael Linenberg upgraded Delta Air...
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Imperial Capital Turns Bullish On Alaska Air
Thursday, September 27, 2018 - 2:18pm | 370The bullish case for Alaska Air Group, Inc. (NYSE: ALK), a U.S.-based airliner that flies to more than 115 destinations across the U.S., Mexico, Canada and Costa Rica, can now be made, according to Imperial Capital. The Analyst Imperial Capital's Michael Derchin upgraded Alaska Air from In-Line...
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Macquarie Cites Valuation Concerns In United Continental Downgrade
Tuesday, September 18, 2018 - 1:39pm | 461Shares of United Continental Holdings Inc (NASDAQ: UAL) have seen consistent momentum since July, and the company is the only airliner stock trading near an all-time high. Investors may want to consider taking some profit off the table and rotate into rival stocks with a better ...
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Imperial Capital Turns Bullish On Spirit Airlines: Here's Why
Wednesday, February 7, 2018 - 10:58am | 410Shares of Spirit Airlines Incorporated (NYSE: SAVE) have lost more than 25 percent over the past year. The airline's fourth-quarter results led an Imperial Capital analyst to conclude that Spirit shares are trading at a discount. The Analyst Imperial Capital's Michael Derchin...
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Analyst: United Continental Has Hit Peak Altitude
Wednesday, January 24, 2018 - 10:59am | 417United Continental Holdings Inc (NYSE: UAL) reported fourth-quarter results Tuesday and provided an update to its outlook that prompted at least one Wall Street analyst to drop their bullish stance. The Analyst Evercore ISI's Duane Pfennigwerth downgraded United Continental...
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Deutsche Bank Turns Bullish On Spirit Airlines
Thursday, December 21, 2017 - 3:24pm | 341After downgrading shares of Spirit Airlines Incorporated (NASDAQ: SAVE) in early October, Deutsche Bank is changing its flight plan. The Rating Deutsche Bank analyst Michael Linenberg upgraded Spirit Airlines from Hold to Buy, citing a more stable fare environment, and raised the price...
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Delta Scolds Ann Coulter Following Twitter Rant, $30 Refund
Monday, July 17, 2017 - 8:45am | 347Conservative author and political commentator Ann Coulter took to Twitter Inc (NYSE: TWTR) last week to express her disappointment with Delta Air Lines, Inc. (NYSE: DAL). Coulter first Tweeted that she was "kicked out of a carefully pre-booked seat to a less desirable seat, without explanation...
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United Continental Close To Reaching Agreement With Activist Investors
Tuesday, April 19, 2016 - 10:59am | 277Bloomberg reported late Monday afternoon that United Continental Holdings Inc (NYSE: UAL) is close to finalizing an agreement with activist investors who are pushing the airline to make changes to its Board of Directors. As part of a potential agreement, United Continental may replace its...
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Airline February Traffic Data: What To Know
Thursday, March 3, 2016 - 2:45pm | 396Delta Air Lines, Inc. (NYSE: DAL) has reported year-over-year (Y/Y) February traffic growth of 5.3 percent on a capacity increase of 6.0 percent. In a press release, Delta emphasized the strong environment for airlines. “Across all entities, booking trends into the peak leisure season are...