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Airliners Giving Mixed Guidance: United, Delta Reaffirm, JetBlue Warns
Wednesday, September 4, 2019 - 7:56am | 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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Delta CEO Details Q2 Records In CNBC Interview
Thursday, July 11, 2019 - 12:47pm | 379Delta Air Lines, Inc. (NYSE: DAL) reported Thursday second-quarter results, highlighted by a record quarterly profit of $2 billion, CEO Ed Bastian told CNBC's Phil LeBeau. What Happened Delta not only recorded its best June-ending quarter in history, but the single quarter profit is better than...
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Stephens More Bullish On Delta After Guidance Update
Wednesday, July 3, 2019 - 11:41am | 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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Delta Air Lines CEO: 'Great Start' To New Year
Wednesday, April 10, 2019 - 7:40am | 396Delta Air Lines, Inc. (NYSE: DAL) on Wednesday reported first-quarter results that marked a "great start" to the new fiscal year, CEO Ed Bastian told CNBC. Delta's first-quarter adjusted earnings of 96 cents per share beat estimates by 7 cents. Sales of $10.4 billion were slightly...
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Airline Sector Deals With Multiple System-Wide Outages
Monday, April 1, 2019 - 7:28am | 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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Southwest Airlines Lowers ASM Growth Guidance
Wednesday, March 27, 2019 - 8:25am | 347Shares of Southwest Airlines Co (NYSE: LUV) traded marginally lower Wednesday morning after management revised its revenue outlook lower. What Happened Southwest lowered its revenue per available seat growth from 3-4 percent to a new range of 2-3 percent for the first quarter. The revision follows...
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Morgan Stanley Expects Sabre To See 'Minimal Disruption' From 737 Max Grounding
Monday, March 18, 2019 - 9:00am | 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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Southwest Airlines Shares Fall After Downward Revision To Revenue Outlook
Wednesday, February 20, 2019 - 8:50am | 339Shares of Southwest Airlines Co (NYSE: LUV) fell more than 4 percent Wednesday morning after the company said the U.S. government shutdown will impact first-quarter revenue more than previously expected. Southwest Airlines said in a regulatory filing it has revised its estimated negative...
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Deutsche Bank's Airline Update: Delta, American Upgraded To Buy
Wednesday, October 17, 2018 - 8:52am | 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 - 1:18pm | 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 - 12:39pm | 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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Analyst: Delta Air Lines Deserves A Higher Valuation
Friday, April 20, 2018 - 9:48am | 381The case for incremental bullishness on Delta Air Lines, Inc. (NYSE: DAL) is partly due to an unfair valuation assigned to its stock, according to Morgan Stanley. The Analyst Morgan Stanley's Rajeev Lalwani maintains an Overweight rating on Delta Air Lines' stock with a price...
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Imperial Capital Turns Bullish On Spirit Airlines: Here's Why
Wednesday, February 7, 2018 - 9:58am | 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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Southwest Is the 'Best-In-Class' US Airline, In This Analyst's View
Thursday, December 14, 2017 - 1:41pm | 322By many measures 2017 was a decent year for airline investors, but heading into 2018 one name sticks out as best in class: Southwest Airlines Co (NYSE: LUV). The Analyst Atlantic Equities' Lindsay Bettiol upgraded Southwest Airlines' stock from Neutral to Overweight with a price...
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Cramer: The Bull Market Is Fueled By These 7 Negative Catalysts That Turned Positive
Sunday, October 8, 2017 - 4:34pm | 505Many market veterans with decades of experience on Wall Street are struggling to explain the strength of the stock market at a time when the news is full of concerning headlines, CNBC's Jim Cramer suggested during his daily "Mad Money" show recently. In fact, the level of optimism appears to be "...