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How Long Will Norwegian Cruise Line's Liquidity Last After Capital Raise?
Tuesday, July 21, 2020 - 2:50pm | 554Read More...Cruise operators remain docked, as the CDC has extended its "no sail" orders through Sept. 30. The protracted suspension in the wake of the COVID-19 pandemic has severely impaired the financials of these companies. Despite recent fundraising, the liquidity position in the cruise...
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With US Cruise Ship Suspension Extended, Norwegian, Royal Caribbean Analyst Changes Targets
Wednesday, July 1, 2020 - 2:59pm | 389Read More...Following an official extension of the suspension of cruise operations from U.S. ports, Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) and Royal Caribbean Cruises Ltd (NYSE: RCL) have halted nearly all cruises through September against expectations of an August resumption, according to BofA...
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BofA Bullish On Allegiant, Southwest, Says Leisure Travel Recovering
Monday, June 22, 2020 - 1:27pm | 377Read More...Although systemwide net flight bookings in the U.S. declined in the week ending June 14, it was a meaningful improvement from the prior week’s decline, driven by both domestic and international bookings, according to BofA Securities. The sell-side firm sees continues strength in the...
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3 Airline Stocks That Could Benefit From Leisure-Led Recovery
Monday, June 15, 2020 - 2:40pm | 305Read More...ABofA Securities survey of U.S. consumers supports a thesis that three airliners will benefit from a domestic and leisure-led recovery. The Analyst: Andrew Didora maintains a Buy rating on Alaska Air Group, Inc. (NYSE: ALK) with an unchanged $53 price target. The analyst also maintains a Buy...
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Analyst: Here's How Long Carnival, Norwegian And Royal Caribbean Can Last Without Revenue
Friday, May 15, 2020 - 10:41am | 517Read More...With business at a standstill and revenue dry, companies are dipping into cash reserves to cover costs. Few seem to be hurting worse than cruises are. The Cruise Ratings Bank of America analysts Andrew Didora and Geoffrey d’Halluin maintained: A Neutral rating on Carnival Corp (NYSE: CCL)...
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9 Worst-Performing Stocks Of 2020: Buy, Sell Or Hold?
Thursday, April 16, 2020 - 9:40am | 1349Read More...The S&P 500 has rallied hard off its March lows, but the index remains down 12.4% year-to-date overall. The near-term economic outlook amid the COVID-19 shutdown is still unclear, creating a lot of uncertainty on Wall Street. The International Monetary Fund cut its 2020 global economic growth...
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Delta, United Extend Loyalty Memberships For Another Year As Coronavirus Pummels Airlines
Monday, April 6, 2020 - 2:22pm | 638Read More...Airlines have been some of the hardest-hit companies from the COVID-19 pandemic, and many are stepping up to help out their most loyal customers. Delta, American Take Action Over the weekend, Delta Air Lines, Inc. (NYSE: DAL) became the first major airline to announce changes to its customer...
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Southwest Airlines 'Best-Positioned' To Weather Downturn, BofA Says In Upgrade
Monday, March 23, 2020 - 12:49pm | 434Read More...U.S. airlines may have the liquidity to weather tough times, but the coronavirus pandemic is an extraordinary time that's bringing a massive hit to revenue, according to BofA Securities. The United, Southwest Analyst Andrew Didora downgraded United Airlines Holdings Inc (NASDAQ: UAL)...
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Cruise Line Analyst Jumps Ship On Norwegian Cruise, Royal Caribbean Amid Coronavirus Cancellations
Tuesday, March 17, 2020 - 12:42pm | 521Read More...Carnival Corp (NYSE: CCL), Royal Caribbean Cruises Ltd (NYSE: RCL) and Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) have cancelled voyages for the next month or two to reduce their liabilities as the coronavirus pandemic grows in scope. The service suspensions — and the long-term...
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Huge Option Trades In Delta Air Lines On News Of Buffett Buying, Travel Concerns
Wednesday, March 4, 2020 - 4:45pm | 970Read More...Delta Air Lines, Inc. (NYSE: DAL) shares are down 20% year-do-date on fears that the global coronavirus outbreak will grind international air travel to a halt. While some investors see the outbreak as a major red flag for airline stocks, others see the recent dip as a long-term investing...
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The Challenges Boeing's New CEO Is Facing
Friday, January 10, 2020 - 3:45pm | 762Read More...Boeing Co (NYSE: BA) Chairman David Calhoun won't be able to fly under the radar once he takes over as CEO at the beleaguered American jet maker Monday. Calhoun will take over the controls from Dennis Muilenburg, who was forced to step down last month in the tumultuous aftermath of two crashes...
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Bank Of America Downgrades Southwest Airlines Amid Boeing Concerns
Wednesday, January 8, 2020 - 1:56pm | 347Read More...Bank of America analysts turned bullish on Southwest Airlines Co (NYSE: LUV) last September, but this call has proven to be too early. The Analyst Andrew Didora downgraded Southwest from Buy to Neutral with a price target lowered from $65 to $60. The Thesis The case for turning bullish on Southwest...
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Delta's Mixed Earnings: CEO, Analysts Speak Up
Friday, October 11, 2019 - 11:25am | 586Read More...Delta Air Lines, Inc. (NYSE: DAL) shares took a hit Thursday following the company’s third-quarter earnings report. Despite beating consensus earnings numbers in the third quarter, Delta’s fourth-quarter guidance disappointed the market due to up to a 5% anticipated rise in costs. Delta...
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Spirit Airlines Lifts Q4 Guidance: The Sell-Side Reacts
Tuesday, November 27, 2018 - 12:35pm | 684Read More...Spirit Airlines Incorporated (NYSE: SAVE) said Monday that it expects its total revenue per available seat mile, or RASM, to rise around 11 percent in the fourth quarter —nearly double its initial guidance of 6 percent. Raymond James, Bank of America Merrill Lynch and JPMorgan issued notes in...
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3 Airlines Bank of America Expects To Fly Higher In 2018
Tuesday, January 9, 2018 - 2:56pm | 512Read More...The federal tax cut is giving corporations a little extra cash to work with, and Bank of America Merrill Lynch said airlines could take advantage of their clients’ expanded spending power. The Rating BofA Merrill Lynch analysts Andrew Didora and Emma Young upgraded American Airlines...
