-
Here's Every Time Buffett Has Bashed Airline Stocks
Tuesday, November 15, 2016 - 2:02pm | 749After shunning airline stocks, thanks to his burning fingers with his 1989 investment in US Airways Group (previously traded (NYSE: LCC)), then known as USAir, billionaire investor Warren Buffett seems to have made a reassessment of his stance. The result? Betting big on some of the biggest airline...
-
DOJ Sues To Block US Airways American Merger
Tuesday, August 13, 2013 - 2:06pm | 605Shares of US Airways (NYSE: LCC) fell nearly 10 percent to $17.11 by noon, Tuesday on news of a government lawsuit seeking to block its merger with American Airlines’ parent, AMR Corp. (OTC: AAMRQ) The Department of Justice along with six state attorneys general and the District of Columbia filed...
-
American and US Airways Merger Approved
Thursday, March 28, 2013 - 12:48pm | 548The world’s largest airline is about to be born. Reuters reports that on Wednesday, U.S. Bankruptcy Judge Sean Lane approved AMR Corp’s plan to merge with US Airways Group (NYSE: LCC), a merger that has been expected for some time now. AMR, the parent of American Airlines has been in...
-
Papa John's, US Airways and Other Top Performers in May
Friday, June 1, 2012 - 7:12am | 974Here is a quick look at some of the top-performing service sector stocks in May. These companies all have a market cap of more than $500 million and their share prices are all more than 15% higher than 30 days ago. AFC Enterprises (NASDAQ: AFCE) shares are trading more than 45% higher year to date...
-
Dahlman Rose Comments On US Airways Group March And 1Q11 Traffis Results
Wednesday, April 6, 2011 - 9:15am | 156According to Dahlman Rose, US Airways Group (NYSE: LCC) announced March and 1Q11 traffic results in line with expectations. Dahlman Rose reported that the company updated 1Q11 and full year guidance. “Management expects average jet fuel prices of $3.20 - $3.32 for the remainder of the year. We are...
-
Hudson Securities Makes No Changes To Airline Industry Estimates
Wednesday, November 3, 2010 - 10:25am | 147After a detailed look at domestic capacity to 12,273 domestic city pairs flown by 12 key U.S. airlines, Hudson Securities said that it is too early to worry about capacity add backs at this stage of the recovery in light of pent up demand. “Overall domestic industry capacity measured by both ASMs...
-
Dahlman Rose & Co. Reiterates Rating And Price Target Following Record 3Q10 EPS
Thursday, October 21, 2010 - 9:35am | 145Who says airlines are in trouble? According to Dahlman Rose & Co., US Airways Group, Inc. (NYSE: LCC) reported record 3Q10 EPS. “We believe there is still room to go on the upside in these shares, even though they are up by 124% this year,” Dahlman Rose & Co. writes. “We believe better...
-
US Airways 3Q Results Preview
Wednesday, October 6, 2010 - 9:05am | 109Hudson Securities has issued a report for US Airways Group (NYSE: LCC) in anticipation of the company's 3Q results. In the report, Hudson Securities writes "LCC reported in its traffic release that Sept consolidated PRASM and RASM were up 12% & 13% YoY respectively, in line with a StreetAccount...
-
US Airways July Traffic Report
Wednesday, August 4, 2010 - 10:10am | 216U.S. Airways (NYSE: LCC) has reported year to date 2010 traffic results as of July, showing mainline revenue passenger miles for the month were 5.7 billion, up 1.1% over July 2009 according to MarketWatch. US Airways President Scott Kirby was quoted saying, "Our July consolidated (mainline and...
-
Unemployment News Hits Airline Stocks (CAL) (DAL) (ALK) (LCC)
Thursday, February 4, 2010 - 4:41pm | 196Shares of airline stocks fell on Thursday after the market reacted to higher unemployment numbers and J.P. Morgan (NYSE: JPM) downgraded three airline stocks. J.P. Morgan downgraded Alaska Air Group, Inc. (NYSE: ALK), Continental Airlines, Inc. (NYSE: CAL) and Delta Air Lines Inc. (NYSE: DAL) from...
-
Airline Stocks Rise, Continental Airlines (CAL) Faces Trial
Monday, February 1, 2010 - 9:06pm | 229Continental Airlines, Inc. (NYSE: CAL) was up, along with other airline stocks, nearly 5 % in the day before losing ground in after hours trading. The stock opened at $18.54 and went as high as $19.35 before settling at $19.29 for the day and falling further after hours. Although Continental...
-
Airline Shares Mixed After United Airlines (UAUA) Reports Lower Than Expected Loss
Wednesday, January 27, 2010 - 4:49pm | 176Shares of airline companies were mixed on Wednesday after UAL Corporation (Nasdaq: UAUA), the parent company of United Airlines, posted a lower than expected loss. For the past week, many airlines have been posting lower than expected losses. However, after a three month run up in prices, investors...
-
Delta Air Lines Sees New York As Key To Growth
Tuesday, January 26, 2010 - 8:47pm | 216Delta Air Lines Inc. (NYSE: DAL), the world's largest airline, announced on Tuesday that that New York city airports will play important roles in the company's growing corporate travel business, as the global economy recovers from the recession. Together, New York's LaGuardia and John F. Kennedy...