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2800.0
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2023-03-20 00:00:00 UTC
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Notable Monday Option Activity: PYPL, RCL, AAL
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity%3A-pypl-rcl-aal
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nan
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nan
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 53,568 contracts has been traded thus far today, a contract volume which is representative of approximately 5.4 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 44.8% of PYPL's average daily trading volume over the past month, of 12.0 million shares. Particularly high volume was seen for the $64 strike put option expiring April 06, 2023, with 3,006 contracts trading so far today, representing approximately 300,600 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $64 strike highlighted in orange:
Royal Caribbean Group (Symbol: RCL) options are showing a volume of 15,316 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 44.4% of RCL's average daily trading volume over the past month, of 3.5 million shares. Particularly high volume was seen for the $50 strike put option expiring April 21, 2023, with 982 contracts trading so far today, representing approximately 98,200 underlying shares of RCL. Below is a chart showing RCL's trailing twelve month trading history, with the $50 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 97,127 contracts thus far today. That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 21.9 million shares. Especially high volume was seen for the $14.50 strike put option expiring April 21, 2023, with 34,713 contracts trading so far today, representing approximately 3.5 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in orange:
For the various different available expirations for PYPL options, RCL options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Materials Dividend Stock List
CLWT market cap history
Funds Holding ECA
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Especially high volume was seen for the $14.50 strike put option expiring April 21, 2023, with 34,713 contracts trading so far today, representing approximately 3.5 million underlying shares of AAL. Below is a chart showing RCL's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 97,127 contracts thus far today. That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 21.9 million shares.
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That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 21.9 million shares. Below is a chart showing RCL's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 97,127 contracts thus far today. Especially high volume was seen for the $14.50 strike put option expiring April 21, 2023, with 34,713 contracts trading so far today, representing approximately 3.5 million underlying shares of AAL.
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That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 21.9 million shares. Especially high volume was seen for the $14.50 strike put option expiring April 21, 2023, with 34,713 contracts trading so far today, representing approximately 3.5 million underlying shares of AAL. Below is a chart showing RCL's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 97,127 contracts thus far today.
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That number of contracts represents approximately 9.7 million underlying shares, working out to a sizeable 44.4% of AAL's average daily trading volume over the past month, of 21.9 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $14.50 strike highlighted in orange: For the various different available expirations for PYPL options, RCL options, or AAL options, visit StockOptionsChannel.com. Below is a chart showing RCL's trailing twelve month trading history, with the $50 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 97,127 contracts thus far today.
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2801.0
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2023-03-20 00:00:00 UTC
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Canadian Pacific (CP), TCRC-MWED Ink Tentative Collective Deal
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AAL
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https://www.nasdaq.com/articles/canadian-pacific-cp-tcrc-mwed-ink-tentative-collective-deal
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nan
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nan
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Canadian Pacific Railway Limited CP recently announced that it had inked a tentative collective agreement with the Teamsters Canada Rail Conference Maintenance of Way Employees Division (TCRC-MWED). TCRC-MWED covers almost 2,600 engineering services employees in Canada.
Further details of the tentative deal will be unveiled once the deal becomes official.
Keith Creel, president and chief executive officer of Canadian Pacific, stated, "By working collaboratively with our valued union partners, we've reached another negotiated tentative agreement this year." He further added, "We thank the TCRC-MWED for working collaboratively with us throughout this negotiation. This tentative agreement is a testament to the hard work and commitment of both sides."
Canadian Pacific has a track record of successfully dealing with multiple unions representing craft employees. In the last few months, Canadian Pacific has inked 16 agreements in 2023 in Canada and the United States.
Over the past six months, shares of Canadian Pacific have gained 7.6% against the 3.6% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Zacks Rank & Stocks to Consider
Currently, Canadian Pacific carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1 (Strong Buy), whileAlaska Air and American Airlines currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Shares of AAL have gained 15.8% over the past three months. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2802.0
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2023-03-20 00:00:00 UTC
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Allegiant (ALGT) Shares Rise 21% in 3 Months: Here's Why
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AAL
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https://www.nasdaq.com/articles/allegiant-algt-shares-rise-21-in-3-months%3A-heres-why
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nan
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Allegiant Travel Company ALGT is being aided by the upbeat air-travel-demand scenario in the United States. Owing to increased passenger volumes, ALGT recently reported buoyant traffic data for February.
In February 2023, Allegiant carried 1.24 million passengers in scheduled service, up 13% from the February 2022 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 12.2% and 2.3%, respectively, from the year-ago levels. Load factor (percentage of seats filled by passengers) increased 7.6 points to 85.4% in February 2023, as the traffic increase was greater than the capacity expansion. Moreover, scheduled departures increased 3.1% year over year.
In February 2023, Allegiant carried 13.1% more passengers (systemwide) than that in February 2022. Capacity increased 2.3% from the year-ago month’s reading. Departures (systemwide) improved 3.2% from the February 2022 actuals. The estimated average fuel cost per gallon for February was $3.53 (systemwide).
Apart from the upbeat traffic report, Allegiant, currently carrying a Zacks Rank #3 (Hold), reported a strong cash position in fourth-quarter 2022. Cash and cash equivalents of $230 million at fourth-quarter end was higher than the current debt figure of $153 million. This implies that the company has enough cash to meet its debt burden. Also, management expects revenues to remain strong in 2023.
ALGT has gained 21% in the past three months against the 3.3% decline of the industry it belongs to.
Image Source: Zacks Investment Research
Investors interested in the above Airline industry may consider the following better-ranked stocks:
American Airlines AAL, currently carrying a Zacks Rank #2 (Buy), is also being aided by the improved air-travel-demand situation. In fourth-quarter 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
For first-quarter and 2023, AAL’s earnings are expected to register 100.4% and 332% growth, respectively, on a year-over-year basis.
United Airlines UAL, currently carrying a Zacks Rank #2, is seeing steady recovery in domestic and leisure air-travel demand. On the back of upbeat air-travel demand, UAL was profitable in fourth-quarter 2022. The fourth quarter was the third consecutive profitable quarter at UAL.
Driven by solid demand, management expects total revenue per available seat mile to grow 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow 50% year over year. The Zacks Consensus Estimate for 2023 earnings are expected to surge 227% year over year.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Image Source: Zacks Investment Research Investors interested in the above Airline industry may consider the following better-ranked stocks: American Airlines AAL, currently carrying a Zacks Rank #2 (Buy), is also being aided by the improved air-travel-demand situation. In fourth-quarter 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter and 2023, AAL’s earnings are expected to register 100.4% and 332% growth, respectively, on a year-over-year basis.
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Image Source: Zacks Investment Research Investors interested in the above Airline industry may consider the following better-ranked stocks: American Airlines AAL, currently carrying a Zacks Rank #2 (Buy), is also being aided by the improved air-travel-demand situation. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. In fourth-quarter 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
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Image Source: Zacks Investment Research Investors interested in the above Airline industry may consider the following better-ranked stocks: American Airlines AAL, currently carrying a Zacks Rank #2 (Buy), is also being aided by the improved air-travel-demand situation. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. In fourth-quarter 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
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Image Source: Zacks Investment Research Investors interested in the above Airline industry may consider the following better-ranked stocks: American Airlines AAL, currently carrying a Zacks Rank #2 (Buy), is also being aided by the improved air-travel-demand situation. In fourth-quarter 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter and 2023, AAL’s earnings are expected to register 100.4% and 332% growth, respectively, on a year-over-year basis.
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2803.0
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2023-03-17 00:00:00 UTC
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Wolfe Research Upgrades American Airlines Group (AAL)
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AAL
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https://www.nasdaq.com/articles/wolfe-research-upgrades-american-airlines-group-aal
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nan
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nan
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On March 17, 2023, Wolfe Research upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Underperform to Peer Perform.
Analyst Price Forecast Suggests 19.71% Upside
As of March 17, 2023, the average one-year price target for American Airlines Group is $16.90. The forecasts range from a low of $8.08 to a high of $27.30. The average price target represents an increase of 19.71% from its latest reported closing price of $14.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for American Airlines Group is $51,177MM, an increase of 4.50%. The projected annual non-GAAP EPS is $1.52.
What are Large Shareholders Doing?
Primecap Management holds 38,099K shares representing 5.85% ownership of the company. In it's prior filing, the firm reported owning 38,955K shares, representing a decrease of 2.25%. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 19,733K shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 19,454K shares, representing an increase of 1.42%. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
VPMCX - Vanguard PRIMECAP Fund Investor Shares holds 19,365K shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 19,400K shares, representing a decrease of 0.18%. The firm decreased its portfolio allocation in AAL by 1.88% over the last quarter.
U S Global Investors holds 16,743K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.91%. The firm increased its portfolio allocation in AAL by 2.60% over the last quarter.
JETS - U.S. Global Jets ETF holds 16,712K shares representing 2.57% ownership of the company. In it's prior filing, the firm reported owning 16,590K shares, representing an increase of 0.73%. The firm increased its portfolio allocation in AAL by 2.02% over the last quarter.
What is the Fund Sentiment?
There are 1004 funds or institutions reporting positions in American Airlines Group. This is an increase of 18 owner(s) or 1.83% in the last quarter. Average portfolio weight of all funds dedicated to AAL is 0.14%, an increase of 9.74%. Total shares owned by institutions decreased in the last three months by 3.16% to 397,535K shares. The put/call ratio of AAL is 2.67, indicating a bearish outlook.
American Airlines Group Background Information
(This description is provided by the company.)
American Airlines Group Inc. is the parent company of American Airlines. Together with regional partner American Eagle, American Airlines offers an average of nearly 6,700 flights daily to 350 destinations in 50 countries. American Airlines is a founding member of the oneworld® alliance, whose members and members-elect offer nearly 14,250 flights daily to 1,000 destinations in 150 countries.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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On March 17, 2023, Wolfe Research upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Underperform to Peer Perform. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
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On March 17, 2023, Wolfe Research upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Underperform to Peer Perform. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
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On March 17, 2023, Wolfe Research upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Underperform to Peer Perform. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
|
On March 17, 2023, Wolfe Research upgraded their outlook for American Airlines Group (NASDAQ:AAL) from Underperform to Peer Perform. The firm decreased its portfolio allocation in AAL by 2.24% over the last quarter. The firm decreased its portfolio allocation in AAL by 1.03% over the last quarter.
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2804.0
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2023-03-16 00:00:00 UTC
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Why Airline Stocks Fell This Week
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-fell-this-week-0
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nan
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nan
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What happened
The remarkable post-pandemic momentum that airlines have enjoyed showed signs of cracks this week, and investors appear to be getting nervous.
Shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), American Airlines Group (NASDAQ: AAL), Allegiant Travel (NASDAQ: ALGT), Sun Country Airlines (NASDAQ: SNCY), and Frontier Group (NASDAQ: ULCC) all joined United Airlines (NASDAQ: UAL) in falling more than 10% for the week, according to data provided by S&P Global Market Intelligence, after United issued a first-quarter earnings warning.
So what
Airline investors have seen their share of ups and downs over the last few years. The industry was devastated by the pandemic, which decimated travel demand. But the industry has seen demand bounce back strong since the introduction of COVID-19 vaccines, helping the stocks to recover some of what was lost.
Demand has held up so well that United CEO Scott Kirby has suggested the effects of the pandemic, including more work flexibility, might be bullish for airlines and help balance out what has historically been a cyclical industry.
But the trajectory is not a straight line up. This week, United said it expects to post a loss of between $0.60 and $1 per share in the current quarter, significantly below the $0.63-per-share profit that Wall Street had expected. United blamed a combination of higher fuel prices and accruals from a potential new pilot deal for the miss.
Investors are betting these problems are not unique to United alone. Fuel is the single biggest nonlabor expense for airlines, and few are hedged. The industry is also facing a pilot shortage that has crimped growth, putting labor in a good position to negotiate new contracts throughout the sector.
Delta earlier this year warned first-quarter results would be impacted by its new deal with its pilots.
Throw in headlines about bank failures, and the consequential questions about the health of the economy, and airline investors were understandably nervous this week. Allegiant, Sun Country, and Frontier are all focused on budget-conscious leisure travelers and could find it hard to fill planes if the job market cools or if there is a disruption to the economy.
Now what
The good news is United reiterated its full-year guidance, meaning management is feeling good about demand patterns and believes it can make up what was lost in the first quarter as the year goes on. Indeed, if demand stays as strong as it has been, United and other airlines should have the pricing power to offset higher costs over time.
The normal January travel lull never came this year, and flights have been full through spring break. The airlines said that summer bookings look strong, though investors will be eager to hear more about that in April after first-quarter results are released.
There is no reason to panic yet, but there is enough reason for investors to be paying close attention. For those with a long-term time horizon, the industry is healthy enough to survive a down cycle, and there is no reason to run for the emergency exits. But United's warning, if nothing else, should be viewed similar to when a pilot turns on the seat belt sign: There could be turbulence up ahead.
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Lou Whiteman has positions in Delta Air Lines. The Motley Fool recommends Alaska Air Group, Allegiant Travel, and Delta Air Lines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), American Airlines Group (NASDAQ: AAL), Allegiant Travel (NASDAQ: ALGT), Sun Country Airlines (NASDAQ: SNCY), and Frontier Group (NASDAQ: ULCC) all joined United Airlines (NASDAQ: UAL) in falling more than 10% for the week, according to data provided by S&P Global Market Intelligence, after United issued a first-quarter earnings warning. Demand has held up so well that United CEO Scott Kirby has suggested the effects of the pandemic, including more work flexibility, might be bullish for airlines and help balance out what has historically been a cyclical industry. Throw in headlines about bank failures, and the consequential questions about the health of the economy, and airline investors were understandably nervous this week.
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Shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), American Airlines Group (NASDAQ: AAL), Allegiant Travel (NASDAQ: ALGT), Sun Country Airlines (NASDAQ: SNCY), and Frontier Group (NASDAQ: ULCC) all joined United Airlines (NASDAQ: UAL) in falling more than 10% for the week, according to data provided by S&P Global Market Intelligence, after United issued a first-quarter earnings warning. Delta earlier this year warned first-quarter results would be impacted by its new deal with its pilots. The Motley Fool recommends Alaska Air Group, Allegiant Travel, and Delta Air Lines.
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Shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), American Airlines Group (NASDAQ: AAL), Allegiant Travel (NASDAQ: ALGT), Sun Country Airlines (NASDAQ: SNCY), and Frontier Group (NASDAQ: ULCC) all joined United Airlines (NASDAQ: UAL) in falling more than 10% for the week, according to data provided by S&P Global Market Intelligence, after United issued a first-quarter earnings warning. See the 10 stocks *Stock Advisor returns as of March 8, 2023 Lou Whiteman has positions in Delta Air Lines. The Motley Fool recommends Alaska Air Group, Allegiant Travel, and Delta Air Lines.
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Shares of Delta Air Lines (NYSE: DAL), Alaska Air Group (NYSE: ALK), American Airlines Group (NASDAQ: AAL), Allegiant Travel (NASDAQ: ALGT), Sun Country Airlines (NASDAQ: SNCY), and Frontier Group (NASDAQ: ULCC) all joined United Airlines (NASDAQ: UAL) in falling more than 10% for the week, according to data provided by S&P Global Market Intelligence, after United issued a first-quarter earnings warning. See the 10 stocks *Stock Advisor returns as of March 8, 2023 Lou Whiteman has positions in Delta Air Lines. The Motley Fool recommends Alaska Air Group, Allegiant Travel, and Delta Air Lines.
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2805.0
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2023-03-16 00:00:00 UTC
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American Airlines loses fight over Delta airport slots
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AAL
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https://www.nasdaq.com/articles/american-airlines-loses-fight-over-delta-airport-slots
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nan
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nan
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By Foo Yun Chee
LUXEMBOURG, March 16 (Reuters) - American Airlines , which gave up rights to two airport slots to Delta Air Lines' in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use.
American gave up the takeoff and landing rights at Heathrow and Philadelphia airports to get antitrust approval for its merger with US Airway. Airlines may keep a slot in perpetuity provided they use it regularly. The European Commission picked Delta to take up the slots.
The EU Court of Justice (CJEU), Europe's highest, dismissed American's arguments that Delta did not fulfil its obligation to use the slots regularly.
"The text of the final commitments does not establish a specific number of frequencies that should be operated by the prospective entrant to ensure effective competition," the judges ruled.
American complained that Delta had not made appropriate use of the slots as required under grandfather rights, prompting the EU competition watchdog to issue a decision in 2018 backing its rival.
American challenged the decision at the General Court in 2020 but lost. It then appealed to the CJEU.
The case is C-127/21 P, American Airlines v Commission.
(Reporting by Foo Yun Chee; Editing by Richard Chang) ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net)) Keywords: EU AMERICAN AIRLINE/DELTA AIR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Foo Yun Chee LUXEMBOURG, March 16 (Reuters) - American Airlines , which gave up rights to two airport slots to Delta Air Lines' in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. "The text of the final commitments does not establish a specific number of frequencies that should be operated by the prospective entrant to ensure effective competition," the judges ruled. American complained that Delta had not made appropriate use of the slots as required under grandfather rights, prompting the EU competition watchdog to issue a decision in 2018 backing its rival.
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By Foo Yun Chee LUXEMBOURG, March 16 (Reuters) - American Airlines , which gave up rights to two airport slots to Delta Air Lines' in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. The European Commission picked Delta to take up the slots. (Reporting by Foo Yun Chee; Editing by Richard Chang) ((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net)) Keywords: EU AMERICAN AIRLINE/DELTA AIR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Foo Yun Chee LUXEMBOURG, March 16 (Reuters) - American Airlines , which gave up rights to two airport slots to Delta Air Lines' in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. The EU Court of Justice (CJEU), Europe's highest, dismissed American's arguments that Delta did not fulfil its obligation to use the slots regularly. American complained that Delta had not made appropriate use of the slots as required under grandfather rights, prompting the EU competition watchdog to issue a decision in 2018 backing its rival.
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By Foo Yun Chee LUXEMBOURG, March 16 (Reuters) - American Airlines , which gave up rights to two airport slots to Delta Air Lines' in 2013, on Thursday lost a court appeal to have the European Union cancel them for lack of use. Airlines may keep a slot in perpetuity provided they use it regularly. "The text of the final commitments does not establish a specific number of frequencies that should be operated by the prospective entrant to ensure effective competition," the judges ruled.
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2806.0
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2023-03-16 00:00:00 UTC
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Should Value Investors Buy American Airlines (AAL) Stock?
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https://www.nasdaq.com/articles/should-value-investors-buy-american-airlines-aal-stock-0
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company to watch right now is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. AAL has a P/S ratio of 0.18. This compares to its industry's average P/S of 0.42.
Finally, investors will want to recognize that AAL has a P/CF ratio of 4.33. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. AAL's current P/CF looks attractive when compared to its industry's average P/CF of 9.33. Over the past year, AAL's P/CF has been as high as 34.45 and as low as -305.42, with a median of 12.51.
United Airlines (UAL) may be another strong Transportation - Airline stock to add to your shortlist. UAL is a # 2 (Buy) stock with a Value grade of A.
United Airlines also has a P/B ratio of 2.19 compared to its industry's price-to-book ratio of 4.26. Over the past year, its P/B ratio has been as high as 4.68, as low as 1.76, with a median of 2.93.
These figures are just a handful of the metrics value investors tend to look at, but they help show that American Airlines and United Airlines are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AAL and UAL feels like a great value stock at the moment.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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One company to watch right now is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. AAL has a P/S ratio of 0.18.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report To read this article on Zacks.com click here. One company to watch right now is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
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AAL has a P/S ratio of 0.18. One company to watch right now is American Airlines (AAL). AAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.
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2807.0
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2023-03-15 00:00:00 UTC
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AAL Crosses Below Key Moving Average Level
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AAL
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https://www.nasdaq.com/articles/aal-crosses-below-key-moving-average-level
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) crossed below their 200 day moving average of $14.42, changing hands as low as $13.51 per share. American Airlines Group Inc shares are currently trading down about 7.3% on the day. The chart below shows the one year performance of AAL shares, versus its 200 day moving average:
Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.57. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other stocks recently crossed below their 200 day moving average »
Also see:
FSP Historical Stock Prices
TER RSI
Top Ten Hedge Funds Holding VFH
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) crossed below their 200 day moving average of $14.42, changing hands as low as $13.51 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.57. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: FSP Historical Stock Prices
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) crossed below their 200 day moving average of $14.42, changing hands as low as $13.51 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.57. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: FSP Historical Stock Prices
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) crossed below their 200 day moving average of $14.42, changing hands as low as $13.51 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.57. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: FSP Historical Stock Prices
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) crossed below their 200 day moving average of $14.42, changing hands as low as $13.51 per share. The chart below shows the one year performance of AAL shares, versus its 200 day moving average: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.57. The AAL DMA information above was sourced from TechnicalAnalysisChannel.com Click here to find out which 9 other stocks recently crossed below their 200 day moving average » Also see: FSP Historical Stock Prices
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2808.0
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2023-03-15 00:00:00 UTC
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RSI Alert: American Airlines Group (AAL) Now Oversold
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AAL
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https://www.nasdaq.com/articles/rsi-alert%3A-american-airlines-group-aal-now-oversold
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.84 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.0. A bullish investor could look at AAL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares:
Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.92.
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Find out what 9 other oversold stocks you need to know about »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A bullish investor could look at AAL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.92. In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.84 per share.
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A bullish investor could look at AAL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.92. In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.84 per share.
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.84 per share. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.92. A bullish investor could look at AAL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
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In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 27.7, after changing hands as low as $13.84 per share. A bullish investor could look at AAL's 27.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AAL shares: Looking at the chart above, AAL's low point in its 52 week range is $11.6514 per share, with $21.42 as the 52 week high point — that compares with a last trade of $13.92.
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2809.0
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2023-03-15 00:00:00 UTC
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6 Reasons Why Investors Should Add GATX to Their Portfolio
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-investors-should-add-gatx-to-their-portfolio-0
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GATX Corporation GATX is benefiting from its shareholder-friendly initiatives through which it rewards its shareholders in the form of dividend payments and share repurchases.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes GATX an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of GATX have gained 8.5% over the past six months.
Image Source: Zacks Investment Research
Solid Zacks Rank: GATX has a Zacks Rank #2 (Buy). Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or 2 offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for GATX’s 2023 earnings has moved up 1.9% year over year.
Positive Earnings Surprise History: GATX has an impressive earnings surprise history. The company delivered an earnings surprise of 16.52% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For 2023 and 2024, GATX’s earnings are expected to grow 10.54% and 5.46% year over year, respectively.
Growth Factors:The gradual improvement in the North American railcar leasing market is aiding GATX’s top line. Demand for the majority of railcar types in GATX's fleet remains robust, and absolute lease rates have been increasing. For 2023, GATX anticipates the railcar leasing environment in North America to remain favorable.
Rail International’s 2023 segment profit is likely to rise as solid demand for new and existing railcars continues in Europe and India. Coupled with increased earnings from GATX Engine Leasing, Portfolio Management is expected to generate higher segment profit in 2023.
We are upbeat about GATX's measures to reward its shareholders through dividends and buybacks. On Jan 27, 2023, GATX’s board announced a 5.8% increase in the quarterly dividend, amounting to 55 cents from the previous 52 cents. Consistent dividend payouts highlight GATX's commitment to boosting shareholders’ value and underscore its strong financial condition and bright prospects.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1, whileAlaska Air and American Airlines currently carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
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Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
GATX Corporation (GATX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2810.0
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2023-03-15 00:00:00 UTC
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Zacks Industry Outlook Highlights United Airlines, American Airlines and Alaska Air Group
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https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-united-airlines-american-airlines-and-alaska-air-group
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For Immediate Release
Chicago, IL – March 15, 2023 – Today, Zacks Equity Research discusses United Airlines UAL, American Airlines AAL and Alaska Air Group ALK.
Industry: Airlines
Link: https://www.zacks.com/commentary/2065295/3-airline-stocks-to-buy-now-amid-buoyant-air-travel-demand
Upbeat air-travel demand, both domestic and international, is aiding stocks in the Zacks Airline industry. Driven by strong air-traffic, passenger revenues, which account for the bulk of most airlines' top lines, are seeing an uptick. Airline players like United Airlines, American Airlines and Alaska Air Group are likely to benefit from robust demand for air travel.
However, high fuel costs are limiting bottom-line growth. Moreover, the labor crunch that is currently being faced by the airline industry is another woe.
About the Industry
The Zacks Airline industry houses players engaged in transporting passengers and cargo to various destinations globally. Most operators maintain a fleet of multiple mainline jets in addition to several regional planes. Operations are aided by their regional airline subsidiaries and third-party regional carriers.
Additionally, industry players utilize their respective cargo divisions to offer a wide range of freight and mail services. The players invest substantially to upgrade technology. The industry, apart from comprising legacy carriers, includes low-cost players. The well-being of companies in this group is linked to the health of the overall economy.
For example, the aviation space was one of the worst pandemic-hit corners, with passenger revenues taking a beating. However, air-travel demand is extremely rosy now. The focus on boosting cargo revenues is another positive.
Key Themes Governing the Airline Industry
Buoyant Air Traffic: The stronger-than-expected recovery in air-travel demand from pandemic lows is a huge positive for the industry, which was one of the worst-hit industries in the peak COVID-19 period. People are again resorting to air travel with the resumption of normal activities. The removal of COVID-related restrictions is aiding air travel, which is now strong on the international front as well.
Recently, the United States ended COVID testing requirements for passengers from China. The restrictions had been in effect since Jan 5, following the renewed outbreak in China. This rosy scenario with respect to air traffic is likely to stay as is evident from the International Air Transport Association's (IATA) expectation of airlines returning to profitability in 2023.
Focus on Cargo Revenues Bodes Well: The focus of airlines on boosting cargo revenues bodes well for top-line growth, especially in the current scenario where passenger revenues are rebounding strongly from the pandemic lows. Highlighting the focus on cargo revenues, United Airlines' revenues from cargo improved 49.4% in fourth-quarter 2022 from fourth-quarter 2019 actuals to $472 million. Per IATA's forecast, cargo revenues in 2023 are expected to be $149.4 billion, which though lower than the 2022 levels are still $48.6 billion higher than the 2019 actuals.
High Costs: Increased operating costs are limiting bottom-line growth. Costs will likely continue to be steep going forward due to high fuel and labor costs. The spike in fuel costs (oil price was up 6.7% in the October-December period) is not a welcome development as expenses on fuel represent a major input cost for airlines. Moreover, with U.S. airlines grappling with pilot shortage, the bargaining power of this labor group has increased. As a result, we have seen pay-hike deals being inked recently in the space. This will result in an increase in labor costs.
Zacks Industry Rank Indicates Sunny Prospects
The Zacks Airline industry is a 29-stock group within the broader Zacks Transportation sector. The industry currently carries a Zacks Industry Rank #42, which places it in the top 17% of 250 plus Zacks industries.
The group's Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bright near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the top 50% of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group's earnings growth potential. The industry's earnings estimates for 2023 have moved up 13.5% since September 2022.
Before we present a few stocks that you may want to add to your portfolio, let's look at the industry's recent stock-market performance and its valuation picture.
Industry Outperforms S&P 500 & Sector
The Zacks Transportation - Airline industry has outperformed the Zacks S&P 500 composite as well as the broader Transportation sector over the past year.
The industry has declined 3.7% over this period compared with the S&P 500's depreciation of 10.9% and the broader sector's decrease of 10.3%.
The Valuation Picture
The price/sales (P/S) ratio is often used to value airline stocks. The industry currently has a forward 12-month P/S of 0.40X compared with the S&P 500's 3.35X. It is also below the sector's forward-12-month P/S of 1.57X.
Over the past five years, the industry has traded as high as 1.02X, as low as 0.33X and at the median of 0.67X.
3 Transportation - Airline Stocks to Buy
All three stocks discussed below presently carry a Zacks Rank #2 (Buy).
United Airlines has a market capitalization of $15.97 billion and is presently based in Chicago. The gradual increase in air-travel demand (particularly for leisure) is aiding UAL. However, high fuel costs are affecting its bottom line.
Over the past 60 days, the Zacks Consensus Estimate for UAL's 2023 earnings has been revised 22.1% upward. United Airlines surpassed the Zacks Consensus Estimate for earnings in two of the last four quarters (missing twice), the average beat being 5.42%.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here
American Airlines is based in Fort Worth, TX and has a market capitalization of $9.67 billion, presently. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL as well. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward. American Airlines surpassed the Zacks Consensus Estimate for earnings in three of the last four quarters (missing once), the average beat being 7.79%.
Alaska Air Group too is being aided by the improved air-travel-demand situation. For the fourth quarter of 2022, ALK reported better-than-expected results. It expects a 23-29% increase in the top line during first-quarter 2023.
ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023. The Zacks Consensus Estimate for Alaska Air's first-quarter earnings has been revised upward by 29.4% in the past 60 days. ALK has a market capitalization of $5.62 billion, presently.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 15, 2023 – Today, Zacks Equity Research discusses United Airlines UAL, American Airlines AAL and Alaska Air Group ALK. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL as well. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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For Immediate Release Chicago, IL – March 15, 2023 – Today, Zacks Equity Research discusses United Airlines UAL, American Airlines AAL and Alaska Air Group ALK. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL as well.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL – March 15, 2023 – Today, Zacks Equity Research discusses United Airlines UAL, American Airlines AAL and Alaska Air Group ALK. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL as well.
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For Immediate Release Chicago, IL – March 15, 2023 – Today, Zacks Equity Research discusses United Airlines UAL, American Airlines AAL and Alaska Air Group ALK. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL as well. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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2811.0
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2023-03-14 00:00:00 UTC
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Air Canada pilots union and larger union back merger ahead of vote
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https://www.nasdaq.com/articles/air-canada-pilots-union-and-larger-union-back-merger-ahead-of-vote
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March 14 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council.
"This milestone brings both associations one step closer to achieving the pilots’ joint goal of advancing the piloting profession and aviation safety in Canada and the United States," the Air Canada Pilots Association and the Air Line Pilots Association said in a joint statement.
(Reporting by Costas Pitas in Los Angeles and Eric Beech in Washington)
((Costas.Pitas@thomsonreuters.com; Reuters Messaging: costas.pitas.thomsonreuters@reuters.net and @Cpitas on Twitter))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 14 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council. "This milestone brings both associations one step closer to achieving the pilots’ joint goal of advancing the piloting profession and aviation safety in Canada and the United States," the Air Canada Pilots Association and the Air Line Pilots Association said in a joint statement. (Reporting by Costas Pitas in Los Angeles and Eric Beech in Washington) ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: costas.pitas.thomsonreuters@reuters.net and @Cpitas on Twitter)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 14 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council. "This milestone brings both associations one step closer to achieving the pilots’ joint goal of advancing the piloting profession and aviation safety in Canada and the United States," the Air Canada Pilots Association and the Air Line Pilots Association said in a joint statement. (Reporting by Costas Pitas in Los Angeles and Eric Beech in Washington) ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: costas.pitas.thomsonreuters@reuters.net and @Cpitas on Twitter)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 14 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council. "This milestone brings both associations one step closer to achieving the pilots’ joint goal of advancing the piloting profession and aviation safety in Canada and the United States," the Air Canada Pilots Association and the Air Line Pilots Association said in a joint statement. (Reporting by Costas Pitas in Los Angeles and Eric Beech in Washington) ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: costas.pitas.thomsonreuters@reuters.net and @Cpitas on Twitter)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 14 (Reuters) - The major pilots union in North America and the union representing Air Canada AC.TO pilots said on Tuesday they had agreed in principle to a merger, which will now be voted on by pilots, an executive board and council. "This milestone brings both associations one step closer to achieving the pilots’ joint goal of advancing the piloting profession and aviation safety in Canada and the United States," the Air Canada Pilots Association and the Air Line Pilots Association said in a joint statement. (Reporting by Costas Pitas in Los Angeles and Eric Beech in Washington) ((Costas.Pitas@thomsonreuters.com; Reuters Messaging: costas.pitas.thomsonreuters@reuters.net and @Cpitas on Twitter)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2812.0
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2023-03-14 00:00:00 UTC
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C.H. Robinson (CHRW) Rides on Solid Freight Market, Cost Ails
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https://www.nasdaq.com/articles/c.h.-robinson-chrw-rides-on-solid-freight-market-cost-ails
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C.H. Robinson Worldwide, Inc. CHRW is benefiting from improved freight market conditions and shareholder-friendly initiatives. Notably, shares of C.H. Robinson have gained 6.9% over the past three months against the 0.9% loss of the industryit belongs to.
Image Source: Zacks Investment Research
How is C.H. Robinson Placed?
We are impressed with C.H. Robinson’s efforts to boost its shareholder value via dividend payouts and shares repurchases are commendable. During 2021, the company returned approximately $886 million to shareholders through a combination of dividends ($277 million) and share buybacks ($609 million).
Continuing the shareholder-friendly approach, C.H. Robinson rewarded its shareholders in 2022 through a combination of cash dividends ($285.32 million) and share repurchases ($1,488.28 million). Such shareholder-friendly moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
With improved freight market conditions, C.H. Robinson is benefiting from higher pricing and volumes across most of its service lines. In 2022, the top line improved 6.9% owing to higher pricing in truckload, less-than-truckload and ocean services. Solid segmental growth was also witnessed in 2022.
In the North American Surface Transportation segment, total revenues were $15.82 billion (up 9.1% year over year) in 2022. Total revenues at Global Forwarding in 2022 were $6.81 billion, up 1.2% year over year.
On the flip side, an increase in operating expenses poses a threat to C.H. Robinson’s bottom line. In 2022, total operating costs increased 6.4% year over year. Costs are also likely to be high going forward.
C.H. Robinson’s liquidity position is weak. CHRW exited the fourth quarter with cash and cash equivalents of $217.48 million compared with the long-term debt of $920.04 million. This implies that the company does not have sufficient cash to meet its debt obligations.
Zacks Rank & Stocks to Consider
Currently, C.H. Robinson carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1(Strong Buy), while Alaska Air and American Airlines currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
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C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2813.0
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2023-03-14 00:00:00 UTC
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United Airlines (UAL) Expects to Incur Loss in Q1, Stock Down
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https://www.nasdaq.com/articles/united-airlines-ual-expects-to-incur-loss-in-q1-stock-down
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Shares of United Airlines Holdings, Inc. UAL declined 6% in after-market trading on Mar 13. The downside was owing to the bearish earnings guidance provided by UAL for the first quarter of 2023 due to high fuel costs and soft demand.
For the first quarter of 2023, United Airlines now anticipates loss per share of 60 cents-$1.00 against the prior expected band of earnings per share of 50 cents-$1.00 (provided with the company’s fourth-quarter 2022 results on Jan 17). The Zacks Consensus Estimate for the first quarter is pegged at 68 cents per share.
UAL expects loss in the first quarter due to an expense related to the new collective bargaining deal with employees represented by the Air Line Pilots Association. This associated expense shifted from the second quarter of 2023 to the first quarter.
Given this, UAL now anticipates first-quarter 2023 consolidated unit cost or cost per available seat mile (CASM), excluding fuel, third-party business expenses, profit-sharing and special charges, to be flat to up 1% on a year-over-year basis (prior view: a decline in the range of 3-4%).
Total revenue per available seat mile for the first quarter of 2023 is now expected to increase 22-23% year over year (prior view: up almost 25%). The downbeat view is due to weaker demand growth witnessed in January and February 2023 compared to other months.
UAL now forecasts first-quarter 2023 average aircraft fuel price per gallon between $3.31 and $3.41 (prior view: $3.19).
Management expects first-quarter 2023 total operating revenues to be up almost 51% year over year (prior view: up 50% year over year). Notably, higher capacity in the quarter is contributing to UAL’s top-line performance. As a result, the capacity is now expected to improve 23% from the year-ago reported figure (prior view: up 20%).
Further, the company expects its second quarter to benefit from seasonal factors. Total operating revenues are anticipated to be up in the mid-teens from the second quarter of 2022.
For 2023, CASM, excluding fuel, third-party business expenses, profit-sharing and special charges, is still expected to remain flat. UAL continues to expect 2023 earnings per share in the $10-$12 band. The Zacks Consensus Estimate is pegged at $8.30.
The adjusted pre-tax margin is still expected to be 9%.
Zacks Rank & Other Stocks to Consider
Currently, United Airlines carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1 (Strong Buy), while Alaska Air and American Airlines currently carry a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have risen 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely free.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2814.0
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2023-03-14 00:00:00 UTC
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The Zacks Analyst Blog Highlights Copa Holdings, American Airlines Group and AlaskaAir Group
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-copa-holdings-american-airlines-group-and-alaskaair
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For Immediate Release
Chicago, IL – March 14, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and AlaskaAir Group, Inc. ALK.
Here are highlights from Monday’s Analyst Blog:
3 Airline Stocks to Buy as Air Travel Demand Bounces Back
The Zacks Airline industry is benefiting from buoyant air-travel demand following the easing of COVID-19 travel restrictions and the reopening of the global economy. The industry is witnessing a solid recovery in demand both in domestic as well as international flights. People are again booking flights, thereby leading to higher passenger revenues, which contribute to the bulk of most airlines' top lines.
Notably, the Zacks Airline industry has risen 6.9% over the past six months, outperforming the 0.5% growth of the broader Zacks Transportation sector and 2.9% decline of the Zacks S&P 500 composite.
The buoyancy in the industry is further confirmed by its Zacks Industry Rank #55, which places it in the top 22% of more than 250 Zacks industries.
Here we present three airline players — Copa Holdings, S.A., American Airlines Group Inc. and AlaskaAir Group, Inc. — which are gaining from robust demand for air travel.
However, high fuel costs will continue to affect the bottom-line growth of the industry players.
3 Airline Stocks to Pick Now
Given this encouraging backdrop, we present three airline stocks that have strong growth potential for 2023. These stocks have a Zacks Rank #1 (Strong Buy) or #2 (Buy), a VGM Score of A or B and a solid expected earnings growth rate for the current year. These have also witnessed upward estimate revisions in the past 90 days. Additionally, these stocks have a strong trailing four-quarter average earnings surprise history. You can see the complete list of today's Zacks #1 Rank stocks here.
Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities for investors. Thus, the selected companies appear to be compelling investment propositions at the moment.
Copa Holdings: This company provides airline passenger and cargo services to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub.
Copa Holdings' top line benefits from growth in passenger revenues and its cargo segment. In fourth-quarter 2022, cargo and mail revenues jumped 69% to $27.09 million, owing to higher cargo volumes and yields. Further, CPA's fleet modernization efforts look encouraging. CPA exited 2022 with a consolidated fleet of 97 aircraft, which comprises 67 Boeing 737-800s, 20 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. In January 2023, CPA further took delivery of one Boeing 737 MAX 9 and anticipates receiving one additional aircraft by the end of the first quarter.
Copa Holdings carries a Zacks Rank #1 and has a VGM Score of A. The Zacks Consensus Estimate for CPA 2023 EPS has moved up 21.1% in the past 90 days. Its expected earnings growth rate for the current year is 39.83%. CPA has a trailing four-quarter earnings surprise of 33.35%, on average.
CPA stock has gained 23.7% over the past six months.
American Airlines: This Fort Worth, TX -based company operates as a network air carrier.
Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Driven by soaring demand on healthy bookings, in the March quarter, total revenues per available seat miles are expected to be 24-27%, higher than the first-quarter 2022 actuals. The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025-end. As of Dec 31, 2022, the carrier reduced its debt levels by more than $8 billion from peak levels in the second quarter of 2021.
Currently, American Airlines carries a Zacks Rank #2 and has a VGM Score of B. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. Its expected earnings growth rate for the current year is more than 100%. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
AAL stock has gained 10.2% over the past six months.
Alaska Air: This Seattle, WA-based airline company is benefiting from upbeat air-travel demand and favorable pricing. Backed by this, ALK expects first-quarter 2023 total revenues to increase 29-32% from the first-quarter 2022 actuals.
To match the upbeat demand, capacity in the March quarter is expected to expand in the 11-14% range. Alaska Air expects to boost its fleet and also workforce in 2023 to meet the anticipated high demand. In a bid to modernize its fleet, Alaska Airlines announced in October the decision to exercise its option of purchasing 52 more 737 MAX jets from Boeing. The planes will be delivered between 2024 and 2027.
On a shareholder-friendly note, ALK's management aims to resume share buybacks early next year, following the lifting of restrictions under the CARES Act. Repurchases are anticipated to be between $75 million and $100 million in 2023.
Currently, Alaska Air carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for ALK's 2023 EPS has moved up 11.4% in the past 90 days. Its expected earnings growth rate for the current year is 32.64%. ALK has a trailing four-quarter earnings surprise of 8.98%, on average.
ALK stock has gained 0.3% over the past six months.
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Media Contact
Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Free Report: Must-See Hydrogen Stocks
Hydrogen fuel cells are already used to provide efficient, ultra-clean energy to buses, ships and even hospitals. This technology is on the verge of a massive breakthrough, one that could make hydrogen a major source of America's power. It could even totally revolutionize the EV industry.
Zacks has released a special report revealing the 4 stocks experts believe will deliver the biggest gains.
Download Cashing In on Cleaner Energy today, absolutely free.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and AlaskaAir Group, Inc. ALK. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
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Stocks recently featured in the blog include: Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and AlaskaAir Group, Inc. ALK. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Stocks recently featured in the blog include: Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and AlaskaAir Group, Inc. ALK. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days.
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Stocks recently featured in the blog include: Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and AlaskaAir Group, Inc. ALK. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
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2815.0
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2023-03-13 00:00:00 UTC
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Biden administration wants Congress to bar airlines from charging family seating fees
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https://www.nasdaq.com/articles/biden-administration-wants-congress-to-bar-airlines-from-charging-family-seating-fees
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By David Shepardson
WASHINGTON, March 13 (Reuters) - The Biden administration on Monday asked U.S. lawmakers to approve legislation to bar airlines from charging family seating fees if adjacent seats are available during booking.
U.S. Transportation Secretary (USDOT) Pete Buttigieg wrote lawmakers and sent them draft legislation that would ban airlines from charging an accompanying adult to sit next to children 13 or younger if certain conditions are met.
Buttigieg wrote USDOT "remains concerned that airlines' policies do not guarantee adjacent seats for young children traveling with a family member and that airlines do not guarantee the adjacent seating at no additional cost."
The draft proposal reviewed by Reuters would apply to families traveling on the same reservation and in the same class of service and would make requirements effective 180 days after passage, subjecting airlines not in compliance to potential fines.
The bill would direct airlines to offer refunds or seats on another flight if adjacent seats were unavailable under certain conditions.
Last week, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O agreed to guarantee in customer service plans not to charge family seating fees if specific conditions are met. USDOT unveiled a government dashboard highlighting airline commitments.
Southwest Airlines LUV.N Chief Executive Bob Jordan said last week the airline is in discussions with USDOT about the family seating dashboard. Southwest, which has an open seating plan, lets parents traveling with children six or younger board ahead of some other passengers.
Jordan says he believes the percentage of time families cannot find seats together on Southwest "is much, much lower" than other airlines.
Airlines for America, which represents large U.S. airlines, says its carriers do not charge for family seating, but most do not include commitments in customer service plans. Carriers not honoring written commitments can face USDOT enforcement actions.
USDOT has begun drafting regulations to end all family seating fees but that could take years to finalize.
President Joe Biden in February urged airlines to take the action, saying, "Baggage fees are bad enough - airlines can't treat your child like a piece of baggage."
(Reporting by David Shepardson; Editing by Kenneth Maxwell)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Last week, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O agreed to guarantee in customer service plans not to charge family seating fees if specific conditions are met. U.S. Transportation Secretary (USDOT) Pete Buttigieg wrote lawmakers and sent them draft legislation that would ban airlines from charging an accompanying adult to sit next to children 13 or younger if certain conditions are met. The draft proposal reviewed by Reuters would apply to families traveling on the same reservation and in the same class of service and would make requirements effective 180 days after passage, subjecting airlines not in compliance to potential fines.
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Last week, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O agreed to guarantee in customer service plans not to charge family seating fees if specific conditions are met. By David Shepardson WASHINGTON, March 13 (Reuters) - The Biden administration on Monday asked U.S. lawmakers to approve legislation to bar airlines from charging family seating fees if adjacent seats are available during booking. Buttigieg wrote USDOT "remains concerned that airlines' policies do not guarantee adjacent seats for young children traveling with a family member and that airlines do not guarantee the adjacent seating at no additional cost."
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Last week, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O agreed to guarantee in customer service plans not to charge family seating fees if specific conditions are met. By David Shepardson WASHINGTON, March 13 (Reuters) - The Biden administration on Monday asked U.S. lawmakers to approve legislation to bar airlines from charging family seating fees if adjacent seats are available during booking. Buttigieg wrote USDOT "remains concerned that airlines' policies do not guarantee adjacent seats for young children traveling with a family member and that airlines do not guarantee the adjacent seating at no additional cost."
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Last week, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O agreed to guarantee in customer service plans not to charge family seating fees if specific conditions are met. U.S. Transportation Secretary (USDOT) Pete Buttigieg wrote lawmakers and sent them draft legislation that would ban airlines from charging an accompanying adult to sit next to children 13 or younger if certain conditions are met. Buttigieg wrote USDOT "remains concerned that airlines' policies do not guarantee adjacent seats for young children traveling with a family member and that airlines do not guarantee the adjacent seating at no additional cost."
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2816.0
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2023-03-13 00:00:00 UTC
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United Airlines unexpectedly forecasts first-quarter loss on higher costs
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AAL
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https://www.nasdaq.com/articles/united-airlines-unexpectedly-forecasts-first-quarter-loss-on-higher-costs
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By Rajesh Kumar Singh and Kannaki Deka
CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc UAL.O on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares.
Shares of the carrier were down 6.6% at $45.58 in extended trading.
United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations.
It also retained the full-year earnings outlook.
(Reporting by Rajesh Kumar Singh in Chicago and Kannaki Deka in Bengaluru; Editing by Devika Syamnath and Aurora Ellis)
((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Rajesh Kumar Singh and Kannaki Deka CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc UAL.O on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations. (Reporting by Rajesh Kumar Singh in Chicago and Kannaki Deka in Bengaluru; Editing by Devika Syamnath and Aurora Ellis) ((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Rajesh Kumar Singh and Kannaki Deka CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc UAL.O on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations. (Reporting by Rajesh Kumar Singh in Chicago and Kannaki Deka in Bengaluru; Editing by Devika Syamnath and Aurora Ellis) ((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Rajesh Kumar Singh and Kannaki Deka CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc UAL.O on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. It also retained the full-year earnings outlook. (Reporting by Rajesh Kumar Singh in Chicago and Kannaki Deka in Bengaluru; Editing by Devika Syamnath and Aurora Ellis) ((rajeshkumar.singh@thomsonreuters.com; +1-313-484-5370; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Rajesh Kumar Singh and Kannaki Deka CHICAGO, March 13 (Reuters) - United Airlines Holdings Inc UAL.O on Monday unexpectedly forecast a loss for the first quarter on account of higher operating costs and weaker-than-expected pricing power, plunging its shares. Shares of the carrier were down 6.6% at $45.58 in extended trading. United expects higher non-fuel operating costs in the current quarter due to a potential new contract deal with its pilots, who have been conducting informational pickets to express frustration over delays in negotiations.
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2817.0
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2023-03-13 00:00:00 UTC
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Why Copa Holdings (CPA) Deserves a Place in Your Portfolio?
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AAL
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https://www.nasdaq.com/articles/why-copa-holdings-cpa-deserves-a-place-in-your-portfolio
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nan
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The uptick in air-travel demand (particularly on the leisure front) bodes well for Copa Holdings CPA. The upsurge in passenger volumes makes the CPA stock an interesting investment opportunity.
Let’s delve deep to unearth the factors working in favor this Zacks Rank #1 (Strong Buy) stock.
Northward Earnings Estimates: The Zacks Consensus Estimate for current-quarter and current-year earnings have been revised 0.4% and 14.24% upward, over the past 30 days and over the past 60 days, respectively. Such favorable estimate revisions reflect brokers’ confidence in the stock.
Given the wealth of information at the brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because it serves as a key indicator in determining the price of a stock.
Upbeat Air-travel Demand & Focus on Cargo Unit: Improved air-travel demand is aiding Copa Holdings' top line performance. In fourth-quarter 2022, revenues of $890.6 million beat the Zacks Consensus Estimate of $883.8 million and improved year over year on the back of passenger revenues. Passenger revenues (contributed 95.6% to the top line) increased 29.5%, owing to higher yields (up 12.1%).
Continuing the upbeat trend, CPA reported a 5.4% increase in traffic in February 2023 from Feb 2019 levels. Capacity expanded 2.6% in February. With traffic growth outpacing capacity expansion, load factor (% of seats filled by passengers) in February improved to 85.9% from 83.6% in February 2019.
We are also encouraged by CPA's focus on its cargo segment. In fourth-quarter 2022, cargo and mail revenues grew 69% to $27.09 million, owing to higher cargo volumes and yields.
Upbeat Price Performance: Driven by the rosy air-travel demand scenario, shares of CPA increased 19.5% in the past six months compared to its industry’s appreciation of 6.9% in the same timeframe.
Image Source: Zacks Investment Research
Bullish Industry Rank: The industry, to which CPA belongs, currently has a Zacks Industry Rank of 55 (of 250 plus groups). Such a solid rank places the company in the top 22% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
In fact, an ordinary stock in a strong group is likely to outperform a robust stock in a weak industry. Therefore, taking the industry’s performance into consideration becomes imperative.
Other Stocks to Consider
Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and United Airlines UAL, both carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward. American Airlines surpassed the Zacks Consensus Estimate for earnings in three of the last four quarters (missing once), the average beat being 7.79%.
United Airlines is based in Chicago. The gradual increase in air-travel demand (particularly for leisure) is aiding UAL as well. However, high fuel costs are affecting its bottom line.
Over the past 60 days, the UAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 22.1% upward. United Airlines surpassed the Zacks Consensus Estimate for earnings in two of the last four quarters (missing twice), the average beat being 5.42%.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and United Airlines UAL, both carrying a Zacks Rank #2 (Buy) at present. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and United Airlines UAL, both carrying a Zacks Rank #2 (Buy) at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and United Airlines UAL, both carrying a Zacks Rank #2 (Buy) at present. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider stocks like American Airlines AAL and United Airlines UAL, both carrying a Zacks Rank #2 (Buy) at present. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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2818.0
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2023-03-13 00:00:00 UTC
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Why Airline Stocks Are Down Today
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AAL
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https://www.nasdaq.com/articles/why-airline-stocks-are-down-today-2
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What happened
The big bank failure over the weekend has investors asking serious questions about the health of the economy, and putting a large number of stocks far removed from banking under pressure.
Shares of major airlines fell on Monday morning on fears that the fallout from the failure of Silicon Valley Bank will cause the economy to weaken. JetBlue Airways (NASDAQ: JBLU) led the decline, down as much as 7.7% on Monday morning, with shares of Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) down as much as 5% apiece.
So what
Airline investors have endured a range of headwinds in recent years, starting with the pandemic and carrying through to higher fuel prices and labor shortages. But few, if any, investors were focused on what a bank failure might mean to the sector.
But the collapse of SVB Financial Group's Silicon Valley Bank over the weekend is causing a massive rethink by investors on Monday morning. Government regulators moved quickly to try to minimize the damage caused by the collapse, but the markets traded down sharply at the open Monday due to the continued uncertainty.
Airlines have enjoyed strong demand since the introduction of COVID-19 vaccines, and so far that demand has held up well despite a period of rising rates and signs of an economic slowdown. The airlines headed into 2023 mostly focused on growth, and investors in recent months were just beginning to buy into the idea that perhaps the strong results reported in 2022 are sustainable.
Should the banking crisis ripple through the economy, all bets for growth are off.
The situation is particularly dangerous for JetBlue, which is in the process of trying to acquire Spirit Airlines (NYSE: SAVE). That deal is being scrutinized by antitrust authorities, creating a lot of uncertainty around JetBlue shares.
JetBlue is paying up for Spirit because it sees the airline as a way to jump-start growth by providing much-needed additional airplanes and pilots. Should the economy significantly weaken the reasoning behind the deal becomes more questionable, and JetBlue could end up saddled with a complicated and costly integration without getting the benefit of a growing economy.
Now what
For long-term investors looking at airline stocks, the best thing to do is try to block out Monday's noise. Yes, the bank failure and what comes next could have a significant impact on the economy. But that is far from certain, and likely unknowable for some time.
At times like these, panic-selling is hardly ever the right move. Even in the worst-case scenario these airlines are relatively healthy and should have some staying power in a recession, meaning the stocks are unlikely to be wiped out. And there is a chance this crisis could actually cause the Fed to slow or halt rate hikes, which could make it more likely that the economy remains strong and travel demand holds up through 2023.
Airlines have always been cyclical, and in years past it has paid to get out early if a downturn is coming. But American, JetBlue, and Delta all have substantial reserves and should be able to fly through whatever turbulence lies up ahead.
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SVB Financial provides credit and banking services to The Motley Fool. Lou Whiteman has positions in Delta Air Lines. The Motley Fool has positions in and recommends SVB Financial. The Motley Fool recommends Delta Air Lines and JetBlue Airways. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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JetBlue Airways (NASDAQ: JBLU) led the decline, down as much as 7.7% on Monday morning, with shares of Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) down as much as 5% apiece. Shares of major airlines fell on Monday morning on fears that the fallout from the failure of Silicon Valley Bank will cause the economy to weaken. Government regulators moved quickly to try to minimize the damage caused by the collapse, but the markets traded down sharply at the open Monday due to the continued uncertainty.
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JetBlue Airways (NASDAQ: JBLU) led the decline, down as much as 7.7% on Monday morning, with shares of Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) down as much as 5% apiece. But the collapse of SVB Financial Group's Silicon Valley Bank over the weekend is causing a massive rethink by investors on Monday morning. The Motley Fool recommends Delta Air Lines and JetBlue Airways.
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JetBlue Airways (NASDAQ: JBLU) led the decline, down as much as 7.7% on Monday morning, with shares of Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) down as much as 5% apiece. What happened The big bank failure over the weekend has investors asking serious questions about the health of the economy, and putting a large number of stocks far removed from banking under pressure. See the 10 stocks *Stock Advisor returns as of March 8, 2023 SVB Financial provides credit and banking services to The Motley Fool.
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JetBlue Airways (NASDAQ: JBLU) led the decline, down as much as 7.7% on Monday morning, with shares of Delta Air Lines (NYSE: DAL) and American Airlines Group (NASDAQ: AAL) down as much as 5% apiece. That's right -- they think these 10 stocks are even better buys. The Motley Fool recommends Delta Air Lines and JetBlue Airways.
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2819.0
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2023-03-13 00:00:00 UTC
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6 Reasons Why You Should Buy Old Dominion (ODFL) Stock Now
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-you-should-buy-old-dominion-odfl-stock-now
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nan
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Old Dominion Freight Line, Inc. ODFL is benefiting from the strong performance of the less-than-truckload (LTL) segment. The company’s measures to reward its shareholders are encouraging.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes Old Dominion an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of Old Dominion have gained 29.5% over the past six months, outperforming the 14.9% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: Old Dominion currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for Old Dominion’s first-quarter 2023 earnings has moved up 3.4% year over year. For 2023 and 2024, the company’s earnings are expected to increase 4.1% and 3.4%, year over year, respectively.
Positive Earnings Surprise History: Old Dominion has an impressive earnings surprise history. The company delivered an earnings surprise of 8.73% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For first-quarter 2023, Old Dominion’s earnings are expected to grow 4.2% year over year.
Growth Factors: Old Dominion is benefiting from the strong performance of the LTL segment owing to improved freight conditions. In 2022, segmental revenues increased 19.3%. In 2022, LTL shipments and LTL revenue per shipment increased 0.8% and 18.3%, respectively.
Further, ODFL’s efforts to add shareholder value are impressive. In 2022, ODFL paid dividends of $134.48 million and repurchased shares worth $1,277.21 million. ODFL’s board has raised its quarterly cash dividend by 33.3% to 40 cents per share, effective from the first quarter of 2023.
Improvement in the operating ratio (operating expenses as a percentage of revenues), owing to higher revenues, is encouraging. With improved freight market conditions, a rise in LTL shipments is driving the top line.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1, while Alaska Air and American Airlines currently carry a Zacks Rank #2.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Old Dominion Freight Line, Inc. (ODFL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2820.0
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2023-03-13 00:00:00 UTC
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Werner (WERN) Rides on Segmental Growth Amid Rising Expenses
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AAL
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https://www.nasdaq.com/articles/werner-wern-rides-on-segmental-growth-amid-rising-expenses-0
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nan
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Werner Enterprises, Inc. WERN is benefiting from segmental growth and shareholder-friendly initiatives adopted by the company. Notably, shares have gained 3.1% over the past three months, outperforming the 2.8% rise of the industry it belongs to.
Image Source: Zacks Investment Research
The company recently reported fourth-quarter 2022 earnings of 99 cents per share, which surpassed the Zacks Consensus Estimate of 92 cents. However, the bottom line fell 13% on a year-over-year basis. Total revenues of $861.5 million outperformed the Zacks Consensus Estimate of $843.7 million. The top line increased 13% on a year-over-year basis.
How is Werner Placed?
We are impressed with Werner’s efforts to boost its shareholder value via dividend payouts and shares repurchases are commendable. During 2022, Werner paid $32.2 million in dividends and repurchased shares worth $110.40 million. In 2021, Werner paid $29.08 million in dividends and repurchased shares worth $104.44 million. As of Dec 31, 2022, WERN had 2.3 million shares available under its share repurchase authorization. Such shareholder-friendly moves indicate the company’s commitment to creating value for shareholders and underline its confidence in its business.
Werner’s top line is benefiting from higher revenues in the Truckload Transportation Services (TTS) and Logistics segments. Notably, Werner’s TTS and Logistics segments fourth-quarter 2022 revenues increased 13% and 15%, year over year, respectively.
On the flip side, Werner’s total operating expenses (on a reported basis) increased 15.9% to $773.11 million in fourth-quarter 2022. This metric was primarily driven by increased salaries, wages and benefits (up 5.9%), fuel (up 55.1%) and rent and purchased transportation expenses (up 13.7%). Rising expenses are likely to keep the bottom line under pressure.
Further, Werner exited the fourth quarter of 2022 with cash and cash equivalents of $107.24 million, way below the long-term debt (net of current portion) of $687.50 million. This implies that the company does not have enough cash to meet its debt levels.
Zacks Rank & Stocks to Consider
Currently, Werner carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1(Strong Buy), while Alaska Air and American Airlines currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 39.83% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 21.1% over the past 90 days. Shares of CPA have soared 13.3% over the past three months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 0.8% over the past three months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 31.1% over the past 90 days. Shares of AAL have gained 15.8% over the past three months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Werner Enterprises, Inc. (WERN) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2821.0
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2023-03-13 00:00:00 UTC
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3 Airline Stocks to Buy Now as Air Travel Demand Bounces Back
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AAL
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https://www.nasdaq.com/articles/3-airline-stocks-to-buy-now-as-air-travel-demand-bounces-back
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The Zacks Airline industry is benefiting from buoyant air-travel demand following the easing of COVID-19 travel restrictions and the reopening of the global economy. The industry is witnessing a solid recovery in demand both in domestic as well as international flights. People are again booking flights, thereby leading to higher passenger revenues, which contribute to the bulk of most airlines’ top lines.
Notably, the Zacks Airline industry has risen 6.9% over the past six months, outperforming the 0.5% growth of the broader Zacks Transportation sector and 2.9% decline of the Zacks S&P 500 composite.
Image Source: Zacks Investment Research
The buoyancy in the industry is further confirmed by its Zacks Industry Rank #55, which places it in the top 22% of more than 250 Zacks industries.
Here we present three airline players — Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK — which are gaining from robust demand for air travel.
However, high fuel costs will continue to affect the bottom-line growth of the industry players.
3 Airline Stocks to Pick Now
Given this encouraging backdrop, we present three airline stocks that have strong growth potential for 2023. These stocks have a Zacks Rank #1 (Strong Buy) or #2 (Buy), a VGM Score of A or B and a solid expected earnings growth rate for the current year. These have also witnessed upward estimate revisions in the past 90 days. Additionally, these stocks have a strong trailing four-quarter average earnings surprise history. You can see the complete list of today’s Zacks #1 Rank stocks here.
Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best investment opportunities for investors. Thus, the selected companies appear to be compelling investment propositions at the moment.
Copa Holdings: This company provides airline passenger and cargo services to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub.
Copa Holdings’ top line benefits from growth in passenger revenues and its cargo segment. In fourth-quarter 2022, cargo and mail revenues jumped 69% to $27.09 million, owing to higher cargo volumes and yields. Further, CPA’s fleet modernization efforts look encouraging. CPA exited 2022 with a consolidated fleet of 97 aircraft, which comprises 67 Boeing 737-800s, 20 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. In January 2023, CPA further took delivery of one Boeing 737 MAX 9 and anticipates receiving one additional aircraft by the end of the first quarter.
Copa Holdings carries a Zacks Rank #1 and has a VGM Score of A. The Zacks Consensus Estimate for CPA 2023 EPS has moved up 21.1% in the past 90 days. Its expected earnings growth rate for the current year is 39.83%. CPA has a trailing four-quarter earnings surprise of 33.35%, on average.
CPA stock has gained 23.7% over the past six months.
Copa Holdings, S.A. Price, Consensus and EPS Surprise
Copa Holdings, S.A. price-consensus-eps-surprise-chart | Copa Holdings, S.A. Quote
American Airlines: This Fort Worth, TX -based company operates as a network air carrier.
Continued recovery in air-travel demand, particularly on the domestic front, bodes well for American Airlines. Driven by soaring demand on healthy bookings, in the March quarter, total revenues per available seat miles are expected to be 24-27%, higher than the first-quarter 2022 actuals. The carrier's debt-reduction efforts are impressive as well. Management aims to reduce its debt by $15 billion by 2025-end. As of Dec 31, 2022, the carrier reduced its debt levels by more than $8 billion from peak levels in the second quarter of 2021.
Currently, American Airlines carries a Zacks Rank #2 and has a VGM Score of B. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. Its expected earnings growth rate for the current year is more than 100%. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
AAL stock has gained 10.2% over the past six months.
American Airlines Group Inc. Price, Consensus and EPS Surprise
American Airlines Group Inc. price-consensus-eps-surprise-chart | American Airlines Group Inc. Quote
Alaska Air: This Seattle, WA-based airline company is benefiting from upbeat air-travel demand and favorable pricing. Backed by this, ALK expects first-quarter 2023 total revenues to increase 29-32% from the first-quarter 2022 actuals. To match the upbeat demand, capacity in the March quarter is expected to expand in the 11-14% range. Alaska Air expects to boost its fleet and also workforce in 2023 to meet the anticipated high demand. In a bid to modernize its fleet, Alaska Airlines announced in October the decision to exercise its option of purchasing 52 more 737 MAX jets from Boeing. The planes will be delivered between 2024 and 2027. On a shareholder-friendly note, ALK’s management aims to resume share buybacks early next year, following the lifting of restrictions under the CARES Act. Repurchases are anticipated to be between $75 million and $100 million in 2023.
Currently, Alaska Air carries a Zacks Rank #2 and has a VGM Score of A. The Zacks Consensus Estimate for ALK’s 2023 EPS has moved up 11.4% in the past 90 days. Its expected earnings growth rate for the current year is 32.64%. ALK has a trailing four-quarter earnings surprise of 8.98%, on average.
ALK stock has gained 0.3% over the past six monhts.
Alaska Air Group, Inc. Price, Consensus and EPS Surprise
Alaska Air Group, Inc. price-consensus-eps-surprise-chart | Alaska Air Group, Inc. Quote
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Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Here we present three airline players — Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK — which are gaining from robust demand for air travel. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Here we present three airline players — Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK — which are gaining from robust demand for air travel. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Here we present three airline players — Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK — which are gaining from robust demand for air travel. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days.
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Here we present three airline players — Copa Holdings, S.A. CPA, American Airlines Group Inc. AAL and Alaska Air Group, Inc. ALK — which are gaining from robust demand for air travel. The Zacks Consensus Estimate for AAL 2023 EPS has moved up 31.1% in the past 90 days. AAL has a trailing four-quarter earnings surprise of 7.79%, on average.
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2822.0
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2023-03-12 00:00:00 UTC
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Better Buy: JetBlue or Sun Country Airlines Stock?
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AAL
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https://www.nasdaq.com/articles/better-buy%3A-jetblue-or-sun-country-airlines-stock
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As pent-up demand for flights persists, airline stocks could be due for a rebound. The urge to get back out there in the post-pandemic era shows no end in sight, and savvy investors can potentially benefit from the airline industry's recovery.
Today, I've compared a couple of beaten-down airline stocks to determine which is the better buy in today's market.
The case for JetBlue Airways
From its highs in April 2021, JetBlue Airways (NASDAQ: JBLU) stock fell nearly 62% to its current price in the $8 to $9 range. Recently, however, JetBlue shares climbed more than 35% from their lows of late last year.
In a significant turning point for the New York City-based carrier, JetBlue regained profitability in the second half of 2022. In fact, 2022 ended up producing the airline's best year of revenue in history, totaling more than $9.1 billion.
As for last quarter, total operating revenue landed at $2.4 billion, setting a record for Q4 sales. JetBlue's December completion factor, or percentage of completed flights, reached 98.2% -- impressive considering the airline endured two major weather events during the month.
JetBlue Airways launched new flights in New York and Boston last year, connecting the American Northeast to London. In addition, the airline will begin scheduled service to Paris this summer. These expansion plans come alongside the company's purchase of Spirit Airlines (NYSE: SAVE), which is anticipated to close by the first half of 2024.
The acquisition of Spirit Airlines will position JetBlue as a genuine competitor to the "Big Four" airlines: Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines.
Despite heightened operating expenses including labor and fuel, JetBlue expects 2023 will produce its first full year of profit since before the pandemic. During the fourth-quarterearnings call CEO Robin Hayes outlined how company initiatives including fleet and maintenance optimizations will enhance its long-term profitability.
The case for Sun Country Airlines
From its April 2021 high north of $44 a share, Sun Country Airlines (NASDAQ: SNCY) has dropped 49% to its current price around $22. That being said, the stock also has recovered nicely from its October 2022 lows, up more than 68% since then.
Last quarter, Sun Country Airlines delivered all-time-high annual revenue of $227 million on an adjusted operating margin of 7%. Both figures landed at the upper ends of management's guidance ranges. Fourth-quarter adjusted net income came in at $7.9 million, rising 36% from the same period in 2021.
After a bustling holiday season, Sun Country posted an industry-best 99.6% completion factor in December of last year. As a result, the airline's Q4 scheduled service total revenue per available seat mile (TRASM) increased 27.3% year over year.
In another remarkable improvement, fourth-quarter system block hours -- the total time from when each aircraft closes its doors to when those doors are opened upon arrival at the destination -- surged 37% over the same period in pre-pandemic 2019.
For the year, Sun Country brought in adjusted net income of $25.8 million, a nearly 42% increase versus 2021. In the face of elevated maintenance, crew, and fuel costs, the company expects strong first-quarter results. Indeed, 80% of planned passenger revenue for the quarter has already been booked.
The first quarter traditionally produces the best results for Sun Country, and guidance suggests a revenue range surpassing 2022 levels by 24%-28%. The company expects a Q1 operating margin of 15% to 20%, and CEO Jude Bricker believes margins will continue to grow throughout the year.
Which airline stock is a better buy?
I personally think both of these airlines are positioned to grow in the upcoming quarters and years, provided the macro environment doesn't throw any major wrenches. To determine which stock is a better buy in today's market, I've compared the two companies' price-to-sales ratios (P/S), price-to-book ratios (P/B), last quarter's Q4 financial leverage ratios.
METRIC JETBLUE AIRWAYS SUN COUNTRY AIRLINES
Market cap $2.75 billion $1.17 billion
Price-to-sales ratio 0.30 1.41
Price-to-book ratio 0.77 2.38
Financial leverage ratio (Q4 2022) 1.92 1.37
Data source: Yahoo! Finance, CSIMarket.
While JetBlue Airways has much lower and more attractive P/S and P/B ratios, it also has a higher financial leverage ratio -- making it a potentially riskier investment. And that ratio is likely to grow for JetBlue if the Spirit acquisition closes as expected.
Plus, although JetBlue's bold ambition to grow might make it seem more appealing, keep in mind that bigger isn't necessarily better. For one, JetBlue's acquisition of Spirit Airlines would be put the company in direct competition with the "Big Four" airlines -- contending with the fiercest competitors in the industry.
Second, research shows that mergers and acquisitions can sometimes fail to create value altogether, especially if done infrequently. Borrowing rates have also risen to less favorable levels since the deal was first announced.
That being said, I think JetBlue Airways stock is the winner based on beating Sun Country Airlines in two-out-of-three of my financial criteria. Investors should pay close attention to future earnings reports, as well as emerging details of the Spirit acquisition, to ensure the company remains on its flight path of profitability.
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Micah Angel has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines, JetBlue Airways, and Southwest Airlines. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The urge to get back out there in the post-pandemic era shows no end in sight, and savvy investors can potentially benefit from the airline industry's recovery. During the fourth-quarterearnings call CEO Robin Hayes outlined how company initiatives including fleet and maintenance optimizations will enhance its long-term profitability. Investors should pay close attention to future earnings reports, as well as emerging details of the Spirit acquisition, to ensure the company remains on its flight path of profitability.
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The acquisition of Spirit Airlines will position JetBlue as a genuine competitor to the "Big Four" airlines: Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines. To determine which stock is a better buy in today's market, I've compared the two companies' price-to-sales ratios (P/S), price-to-book ratios (P/B), last quarter's Q4 financial leverage ratios. Market cap $2.75 billion $1.17 billion Price-to-sales ratio 0.30 1.41 Price-to-book ratio 0.77 2.38 Financial leverage ratio (Q4 2022) 1.92 1.37 Data source: Yahoo!
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The acquisition of Spirit Airlines will position JetBlue as a genuine competitor to the "Big Four" airlines: Delta Air Lines, American Airlines, United Airlines, and Southwest Airlines. For one, JetBlue's acquisition of Spirit Airlines would be put the company in direct competition with the "Big Four" airlines -- contending with the fiercest competitors in the industry. That being said, I think JetBlue Airways stock is the winner based on beating Sun Country Airlines in two-out-of-three of my financial criteria.
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The first quarter traditionally produces the best results for Sun Country, and guidance suggests a revenue range surpassing 2022 levels by 24%-28%. Which airline stock is a better buy? And that ratio is likely to grow for JetBlue if the Spirit acquisition closes as expected.
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2823.0
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2023-03-10 00:00:00 UTC
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Airline Stock Roundup: AZUL & GOL's Q4 Loss, DAL's Deal With Pilots & More
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-azul-gols-q4-loss-dals-deal-with-pilots-more
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In the past week, Latin American carriers Gol Linhas GOL and Azul AZUL reported their respective fourth-quarter 2022 results. Both carriers incurred losses in the quarter mainly due to high fuel costs. The top line, however, benefited from the rosy scenario with respect to air-travel demand. The fourth-quarter 2022 earnings of another Latin American carrier were discussed in detail in the previous write-up.
Delta Air Lines DAL pilots inked a four-year pay-related deal with the company. JetBlue’s JBLU impending acquisition of Spirit Airlines SAVE has run into rough weather, with the Department of Justice suing to block the deal.
Recap of the Latest Top Stories
1 Azul incurred a loss (excluding $1.14 from non-recurring items) of 83 cents per share in the fourth quarter of 2022, wider than the Zacks Consensus Estimate of a loss of 26 cents. The airline had reported a loss per share of 58 cents in the fourth quarter of 2021.
Total revenues of $846.3 million missed the Zacks Consensus Estimate of $899 million but increased 26.6% year over year owing to the upbeat air-travel demand. Fuel cost per liter increased 42.5% year over year, with oil prices moving north.
Currently, Azul carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. Gol Linhas incurred a loss of 35 cents per share in the fourth quarter of 2022, wider than the Zacks Consensus Estimate of a loss of 19 cents. In the year-ago quarter, Gol had incurred a loss of 62 cents per share. Net operating revenues of $898 million lagged the Zacks Consensus Estimate of $916 million. With people again taking to the skies, the company’s top line improved year over year.
In first-quarter 2023, GOL expects capacity to increase 11-13% year over year. GOL estimates the load factor (% of seats filled by passengers) to be 82% in the March quarter. The fuel price per liter is predicted to be R$5.7 in the current quarter.
3. Delta received encouraging tidings on the labor front when the Delta Master Executive Council, represented by the Air Line Pilots Association, announced the ratification of a four-year deal pertaining to wage increase. Evidently, 96% of the eligible pilots participated in the voting procedure, with 78% of them voting in favor of the deal.
The approval makes DAL’s 15,0000 pilots eligible for a 34% pay raise over the next four years. This will increase DAL’s costs to the tune of about $7 billion. The pay raise apart, the deal includes provisions aimed at improving pilots’ quality of life. The contract took effect from Mar 2 and will become amendable on Dec 31, 2026. The CEO of American Airlines AAL is also reportedly ready to give AAL’s pilots pay raises matching DAL.
4. The number of passengers ferried on Ryanair RYAAY flights in February registered an impressive figure of 10.6 million. This compared favorably with the year-ago figure of 8.7 million. Load factor (% of seats filled by passengers) was 92% in February 2023 compared with 86% a year ago. Ryanair expects its traffic in fiscal 2023 to be 165 million, indicating 11% growth from the pre-COVID-19 traffic numbers.
5. The Department of Justice has sued to block the impending takeover of SAVE by JBLU. The lawsuit has been filed on concerns that the merger, on taking effect, will be anti-competitive. The lawsuit alleges that the $3.8-billion deal, on materialization, will lead to higher fares and a reduced number of seats, resulting in an unfavorable scenario for passengers traveling on the flights. JetBlue had plans to remove 10-15% of seats from every Spirit plane, per the complaint. Per U.S. senator, Elizabeth Warren, "Americans want more choices and lower prices for airline tickets, not another giant merger." The roadblock pertaining to the impending merger comes at a time when U.S. airlines are struggling with high labor and fuel costs. A merger is looked at as a way to save costs. Making matters worse as far as the future of the deal is concerned, the U.S. Department of Transportation is supporting the lawsuit.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks have traded in the red over the last five trading days. However, most loses were muted in nature. The NYSE ARCA Airline Index has increased 3.5% to $63.6. Over the course of the past six months, the NYSE ARCA Airline Index gained 1.8%.
What's Next in the Airline Space?
Stay tuned for the usual news updates on the space.
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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report
AZUL (AZUL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The CEO of American Airlines AAL is also reportedly ready to give AAL’s pilots pay raises matching DAL. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. JetBlue’s JBLU impending acquisition of Spirit Airlines SAVE has run into rough weather, with the Department of Justice suing to block the deal.
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Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. The CEO of American Airlines AAL is also reportedly ready to give AAL’s pilots pay raises matching DAL. In the past week, Latin American carriers Gol Linhas GOL and Azul AZUL reported their respective fourth-quarter 2022 results.
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Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. The CEO of American Airlines AAL is also reportedly ready to give AAL’s pilots pay raises matching DAL. Recap of the Latest Top Stories 1 Azul incurred a loss (excluding $1.14 from non-recurring items) of 83 cents per share in the fourth quarter of 2022, wider than the Zacks Consensus Estimate of a loss of 26 cents.
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The CEO of American Airlines AAL is also reportedly ready to give AAL’s pilots pay raises matching DAL. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. Both carriers incurred losses in the quarter mainly due to high fuel costs.
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2824.0
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2023-03-10 00:00:00 UTC
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Investors Heavily Search American Airlines Group Inc. (AAL): Here is What You Need to Know
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AAL
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https://www.nasdaq.com/articles/investors-heavily-search-american-airlines-group-inc.-aal%3A-here-is-what-you-need-to-know-0
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nan
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American Airlines (AAL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this world's largest airline have returned -4.7% over the past month versus the Zacks S&P 500 composite's -3.8% change. The Zacks Transportation - Airline industry, to which American Airlines belongs, has lost 1% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
American Airlines is expected to post break-even earnings per share for the current quarter, representing a year-over-year change of +100%. Over the last 30 days, the Zacks Consensus Estimate has changed -33.3%.
The consensus earnings estimate of $2.15 for the current fiscal year indicates a year-over-year change of +330%. This estimate has changed +0.5% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $2.73 indicates a change of +26.9% from what American Airlines is expected to report a year ago. Over the past month, the estimate has changed -3.1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, American Airlines is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of American Airlines, the consensus sales estimate of $12.25 billion for the current quarter points to a year-over-year change of +37.6%. The $53.57 billion and $55.53 billion estimates for the current and next fiscal years indicate changes of +9.4% and +3.7%, respectively.
Last Reported Results and Surprise History
American Airlines reported revenues of $13.19 billion in the last reported quarter, representing a year-over-year change of +39.9%. EPS of $1.17 for the same period compares with -$1.42 a year ago.
Compared to the Zacks Consensus Estimate of $13.22 billion, the reported revenues represent a surprise of -0.22%. The EPS surprise was +2.63%.
Over the last four quarters, American Airlines surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
American Airlines is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about American Airlines. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) has been one of the most searched-for stocks on Zacks.com lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account.
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American Airlines (AAL) has been one of the most searched-for stocks on Zacks.com lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For the next fiscal year, the consensus earnings estimate of $2.73 indicates a change of +26.9% from what American Airlines is expected to report a year ago.
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American Airlines (AAL) has been one of the most searched-for stocks on Zacks.com lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
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American Airlines (AAL) has been one of the most searched-for stocks on Zacks.com lately. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
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2825.0
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2023-03-09 00:00:00 UTC
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Botswana intent on selling more diamonds without De Beers
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AAL
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https://www.nasdaq.com/articles/botswana-intent-on-selling-more-diamonds-without-de-beers
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By Brian Benza
GABORONE, March 9 (Reuters) - Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June.
Botswana and De Beers mine diamonds together under an equally-owned joint venture, Debswana.
Three-quarters of Debswana's production, which was 24 million carats in 2022, is sold to De Beers. The balance is sold to state-owned Okavango Diamond Company(ODC), which was set up under the current 2011 sales deal as Botswana sought to market gems outside the De Beers system.
Botswana supplies 70% of De Beers' rough diamonds.
Last month, Masisi threatened to walk away from talks to renew the sales deal unless Botswana gets a larger share of output from the joint venture. He did not specify the size of the share it sought.
Masisi told reporters on Thursday that Botswana had denied itself the opportunity to sell its own diamonds through the 54 year-old joint venture agreement.
He added that the experience of selling diamonds outside the De Beers system, which sells unpolished, or rough, stones, had shown that Botswana could get more revenue.
“Besides the fact that the diamonds are ours, it doesn’t make sense for us to continue to relegate ourselves to participating in the rough space only. So, it’s only logical that we want more and we are going to get more. But through negotiation," Masisi said.
De Beers was not immediately available to comment.
Last month, a De Beers spokesperson told Reuters the company was confident that the Debswana partnership would continue, adding "the arrangement must make economic and strategic sense for both parties".
De Beers says Botswana's government receives more than 80% of returns from Debswana, including taxes and royalties.
The Anglo American Plc AAL.L unit, which also has mines in Canada, Namibia and South Africa, sold rough diamonds worth $4.3 billion in 2022, a 13% increase over the 2021 sales. ODC's sales were $1.2 billion in 2022, up from $963 million in 2021.
(Reporting by Brian Benza; Editing by Nelson Banya and Barbara Lewis)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Anglo American Plc AAL.L unit, which also has mines in Canada, Namibia and South Africa, sold rough diamonds worth $4.3 billion in 2022, a 13% increase over the 2021 sales. By Brian Benza GABORONE, March 9 (Reuters) - Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June. The balance is sold to state-owned Okavango Diamond Company(ODC), which was set up under the current 2011 sales deal as Botswana sought to market gems outside the De Beers system.
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The Anglo American Plc AAL.L unit, which also has mines in Canada, Namibia and South Africa, sold rough diamonds worth $4.3 billion in 2022, a 13% increase over the 2021 sales. Botswana and De Beers mine diamonds together under an equally-owned joint venture, Debswana. He added that the experience of selling diamonds outside the De Beers system, which sells unpolished, or rough, stones, had shown that Botswana could get more revenue.
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The Anglo American Plc AAL.L unit, which also has mines in Canada, Namibia and South Africa, sold rough diamonds worth $4.3 billion in 2022, a 13% increase over the 2021 sales. By Brian Benza GABORONE, March 9 (Reuters) - Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June. The balance is sold to state-owned Okavango Diamond Company(ODC), which was set up under the current 2011 sales deal as Botswana sought to market gems outside the De Beers system.
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The Anglo American Plc AAL.L unit, which also has mines in Canada, Namibia and South Africa, sold rough diamonds worth $4.3 billion in 2022, a 13% increase over the 2021 sales. Botswana and De Beers mine diamonds together under an equally-owned joint venture, Debswana. Last month, Masisi threatened to walk away from talks to renew the sales deal unless Botswana gets a larger share of output from the joint venture.
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2826.0
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2023-03-09 00:00:00 UTC
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American Airlines pilots union sets April strike authorization vote
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AAL
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https://www.nasdaq.com/articles/american-airlines-pilots-union-sets-april-strike-authorization-vote
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By Allison Lampert
March 9 (Reuters) - The union representing American Airlines AAL.O pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply.
The vote announced by the union on Thursday will conclude on April 30 and follows Delta Air Lines DAL.N pilots ratifying a new contract earlier this month that includes $7 billion in cumulative increases in pay and benefits over four years.
The deal is widely seen to be a benchmark for contract negotiations at rival U.S. carriers and has also rallied pilots seeking higher pay at Air Canada.
"Management must understand that they need to demonstrate the same level of commitment to bargaining that other airline management teams have shown in recent months," the Allied Pilots Association said in a bulletin to members.
Representatives of American Airlines were not immediately available to comment.
Earlier this week American's chief executive said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
Some airline executives are concerned that hefty pilot pay raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets.
(Reporting By Allison Lampert in Montreal Editing by Chris Reese and Grant McCool)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Allison Lampert March 9 (Reuters) - The union representing American Airlines AAL.O pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply. The vote announced by the union on Thursday will conclude on April 30 and follows Delta Air Lines DAL.N pilots ratifying a new contract earlier this month that includes $7 billion in cumulative increases in pay and benefits over four years. Earlier this week American's chief executive said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
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By Allison Lampert March 9 (Reuters) - The union representing American Airlines AAL.O pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply. The vote announced by the union on Thursday will conclude on April 30 and follows Delta Air Lines DAL.N pilots ratifying a new contract earlier this month that includes $7 billion in cumulative increases in pay and benefits over four years. Representatives of American Airlines were not immediately available to comment.
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By Allison Lampert March 9 (Reuters) - The union representing American Airlines AAL.O pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply. The vote announced by the union on Thursday will conclude on April 30 and follows Delta Air Lines DAL.N pilots ratifying a new contract earlier this month that includes $7 billion in cumulative increases in pay and benefits over four years. Earlier this week American's chief executive said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
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By Allison Lampert March 9 (Reuters) - The union representing American Airlines AAL.O pilots will take a strike authorization vote in April, underscoring a broader push by North American pilots to make gains on salary and working conditions as air traffic increases sharply. The vote announced by the union on Thursday will conclude on April 30 and follows Delta Air Lines DAL.N pilots ratifying a new contract earlier this month that includes $7 billion in cumulative increases in pay and benefits over four years. Earlier this week American's chief executive said the carrier is prepared to match the pay rates and profit-sharing formula that rival Delta provided in its new contract.
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2827.0
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2023-03-09 00:00:00 UTC
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S.Africa's Thungela expects FY profit to double on hot coal prices
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AAL
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https://www.nasdaq.com/articles/s.africas-thungela-expects-fy-profit-to-double-on-hot-coal-prices
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March 9 (Reuters) - South African thermal coal exporter Thungela Resources TGAJ.J said on Thursday it expected to report a 100% increase in 2022 earnings, driven by record high coal prices.
In a trading update, Thungela said it expected headline earnings per share (HEPS) between 130 rand ($6.99) and 133 rand ($7.15) for the year ended Dec. 31, up from 61.08 rand in 2021. HEPS is the most common measure of profit in South Africa.
Coal prices surged last year as Russia's invasion of Ukraine in February 2022 worsened an energy crisis that started late 2021. A European ban on Russian coal tightened supplies and sent prices soaring, boosting the earnings of coal miners from South Africa and elsewhere.
South Africa's coal exports were, however, curtailed by state-owned logistics firm Transnet's inability to operate at full capacity due to a shortage of locomotives and spares, as well as cable theft and vandalism of its infrastructure.
Thungela, which was spun off Anglo American Plc AAL.L in 2021 as the global mining giant moves away from coal, will release its financial results on March 27.
($1 = 18.5926 rand)
(Reporting by Nelson Banya Editing by Mark Potter)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Thungela, which was spun off Anglo American Plc AAL.L in 2021 as the global mining giant moves away from coal, will release its financial results on March 27. Coal prices surged last year as Russia's invasion of Ukraine in February 2022 worsened an energy crisis that started late 2021. South Africa's coal exports were, however, curtailed by state-owned logistics firm Transnet's inability to operate at full capacity due to a shortage of locomotives and spares, as well as cable theft and vandalism of its infrastructure.
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Thungela, which was spun off Anglo American Plc AAL.L in 2021 as the global mining giant moves away from coal, will release its financial results on March 27. March 9 (Reuters) - South African thermal coal exporter Thungela Resources TGAJ.J said on Thursday it expected to report a 100% increase in 2022 earnings, driven by record high coal prices. In a trading update, Thungela said it expected headline earnings per share (HEPS) between 130 rand ($6.99) and 133 rand ($7.15) for the year ended Dec. 31, up from 61.08 rand in 2021.
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Thungela, which was spun off Anglo American Plc AAL.L in 2021 as the global mining giant moves away from coal, will release its financial results on March 27. March 9 (Reuters) - South African thermal coal exporter Thungela Resources TGAJ.J said on Thursday it expected to report a 100% increase in 2022 earnings, driven by record high coal prices. In a trading update, Thungela said it expected headline earnings per share (HEPS) between 130 rand ($6.99) and 133 rand ($7.15) for the year ended Dec. 31, up from 61.08 rand in 2021.
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Thungela, which was spun off Anglo American Plc AAL.L in 2021 as the global mining giant moves away from coal, will release its financial results on March 27. March 9 (Reuters) - South African thermal coal exporter Thungela Resources TGAJ.J said on Thursday it expected to report a 100% increase in 2022 earnings, driven by record high coal prices. In a trading update, Thungela said it expected headline earnings per share (HEPS) between 130 rand ($6.99) and 133 rand ($7.15) for the year ended Dec. 31, up from 61.08 rand in 2021.
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2828.0
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2023-03-09 00:00:00 UTC
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ANALYSIS-JetBlue faces 'uphill battle' in merger fight with government
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AAL
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https://www.nasdaq.com/articles/analysis-jetblue-faces-uphill-battle-in-merger-fight-with-government
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By Diane Bartz and Mike Scarcella
WASHINGTON, March 9 (Reuters) - The U.S. Justice Department's complaint aimed at stopping JetBlue Airways Corp JBLU.O from buying rival discount carrier Spirit Airlines Inc SAVE.N will force the companies to explain why very high market shares on some routes will not mean higher prices for consumers.
The government filed the lawsuit on Tuesday, saying the planned $3.8 billion acquisition "will lead to higher fares and fewer seats, harming millions of consumers on hundreds of routes."
The U.S. Justice Department argued JetBlue was losing its reputation as a maverick, low-price carrier as it grew and that Spirit was poised to expand, posing a bigger threat to other airlines.
It also said JetBlue and Spirit were "especially close and fierce head-to-head competitors" on such routes as Boston to Miami/Fort Lauderdale, where they had about half the market and Boston to San Juan, Puerto Rico, where they had nearly 90%.
In court, JetBlue is expected to argue that the deal would create a sort of super-maverick that would at least slow price increases in the sector. It will likely reiterate it has just 9% of the national market and point to planned asset sales in Boston and elsewhere as a way to resolve antitrust concerns.
JetBlue will face "an uphill battle" as it fights the government," said Diana Moss, president of the American Antitrust Institute. She added that showing an airline merger is illegal is "not rocket science."
"It's a solid complaint. Whether they win or not - goodness, who knows," agreed Bill Kovacic, a former chair of the Federal Trade Commission.
Several legal experts interviewed stopped short of saying which side they thought would prevail in court.
Analysts have said the lawsuit has cast a chill over future airline deals, at least during the Biden administration, but companies will still kick the tires on deals as they push for growth and to manage costs.
The fact that JetBlue and Spirit are relatively small players in the U.S. airline market compared with American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N, Southwest Airlines Co LUV.N and United Airlines Holdings Inc UAL.O, which have 80% of the market, could make it hard for the government to argue the merger would lead to higher prices, said Benjamin Dryden, an antitrust attorney with the law firm Foley & Lardner.
Dryden also said JetBlue should focus on its divestiture offer. JetBlue has said it plans to sell Spirit gates, takeoff and landing rights and some related facilities at Boston Logan, LaGuardia, Newark Liberty and the Fort Lauderdale, Florida, airport.
Merging parties, including UnitedHealth Group Inc's UNH.N acquisition of Change Healthcare, have had some successes in convincing judges to rule against the government on the grounds that the proposed asset sale resolves the issue.
"If I'm JetBlue, that's where I focus right now, developing that divestiture offer and lining up a buyer to 'litigate the fix,'" said Dryden.
Another potential argument, said Dryden, would be that two price-slashing carriers will do a better job of making the big legacy carriers sweat if they work together.
Whatever arguments JetBlue uses, a court fight could last six to eight months and cost tens of millions of dollars in attorney fees, legal experts said.
Bill Baer, head of the Justice Department's antitrust division under former President Barack Obama, said the government's complaint "shows that there is meaningful competition between Spirit and JetBlue."
"JetBlue brags about the 'JetBlue effect,' where they enter a market and fares tend to go down," he said. "But they see the same thing where Spirit enters, and it worries them."
ANALYSIS-US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals
FACTBOX-JetBlue-Spirit deal flies into Biden administration's tough scrutiny
US sues to stop JetBlue's deal for Spirit, cites consumer harm
(Reporting by Diane Bartz and Mike Scarcella in Washington Additional reporting by Rajesh Kumar Singh in Chicago and David Shepardson in Washington Editing by Ben Klayman and Matthew Lewis)
((Diane.Bartz@thomsonreuters.com ; 1 202 898 8313;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fact that JetBlue and Spirit are relatively small players in the U.S. airline market compared with American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N, Southwest Airlines Co LUV.N and United Airlines Holdings Inc UAL.O, which have 80% of the market, could make it hard for the government to argue the merger would lead to higher prices, said Benjamin Dryden, an antitrust attorney with the law firm Foley & Lardner. By Diane Bartz and Mike Scarcella WASHINGTON, March 9 (Reuters) - The U.S. Justice Department's complaint aimed at stopping JetBlue Airways Corp JBLU.O from buying rival discount carrier Spirit Airlines Inc SAVE.N will force the companies to explain why very high market shares on some routes will not mean higher prices for consumers. JetBlue has said it plans to sell Spirit gates, takeoff and landing rights and some related facilities at Boston Logan, LaGuardia, Newark Liberty and the Fort Lauderdale, Florida, airport.
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The fact that JetBlue and Spirit are relatively small players in the U.S. airline market compared with American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N, Southwest Airlines Co LUV.N and United Airlines Holdings Inc UAL.O, which have 80% of the market, could make it hard for the government to argue the merger would lead to higher prices, said Benjamin Dryden, an antitrust attorney with the law firm Foley & Lardner. By Diane Bartz and Mike Scarcella WASHINGTON, March 9 (Reuters) - The U.S. Justice Department's complaint aimed at stopping JetBlue Airways Corp JBLU.O from buying rival discount carrier Spirit Airlines Inc SAVE.N will force the companies to explain why very high market shares on some routes will not mean higher prices for consumers. ANALYSIS-US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals FACTBOX-JetBlue-Spirit deal flies into Biden administration's tough scrutiny US sues to stop JetBlue's deal for Spirit, cites consumer harm (Reporting by Diane Bartz and Mike Scarcella in Washington Additional reporting by Rajesh Kumar Singh in Chicago and David Shepardson in Washington Editing by Ben Klayman and Matthew Lewis) ((Diane.Bartz@thomsonreuters.com ; 1 202 898 8313;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fact that JetBlue and Spirit are relatively small players in the U.S. airline market compared with American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N, Southwest Airlines Co LUV.N and United Airlines Holdings Inc UAL.O, which have 80% of the market, could make it hard for the government to argue the merger would lead to higher prices, said Benjamin Dryden, an antitrust attorney with the law firm Foley & Lardner. By Diane Bartz and Mike Scarcella WASHINGTON, March 9 (Reuters) - The U.S. Justice Department's complaint aimed at stopping JetBlue Airways Corp JBLU.O from buying rival discount carrier Spirit Airlines Inc SAVE.N will force the companies to explain why very high market shares on some routes will not mean higher prices for consumers. ANALYSIS-US lawsuit to block JetBlue-Spirit merger casts chill over future airline deals FACTBOX-JetBlue-Spirit deal flies into Biden administration's tough scrutiny US sues to stop JetBlue's deal for Spirit, cites consumer harm (Reporting by Diane Bartz and Mike Scarcella in Washington Additional reporting by Rajesh Kumar Singh in Chicago and David Shepardson in Washington Editing by Ben Klayman and Matthew Lewis) ((Diane.Bartz@thomsonreuters.com ; 1 202 898 8313;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The fact that JetBlue and Spirit are relatively small players in the U.S. airline market compared with American Airlines Group Inc AAL.O, Delta Air Lines Inc DAL.N, Southwest Airlines Co LUV.N and United Airlines Holdings Inc UAL.O, which have 80% of the market, could make it hard for the government to argue the merger would lead to higher prices, said Benjamin Dryden, an antitrust attorney with the law firm Foley & Lardner. By Diane Bartz and Mike Scarcella WASHINGTON, March 9 (Reuters) - The U.S. Justice Department's complaint aimed at stopping JetBlue Airways Corp JBLU.O from buying rival discount carrier Spirit Airlines Inc SAVE.N will force the companies to explain why very high market shares on some routes will not mean higher prices for consumers. It also said JetBlue and Spirit were "especially close and fierce head-to-head competitors" on such routes as Boston to Miami/Fort Lauderdale, where they had about half the market and Boston to San Juan, Puerto Rico, where they had nearly 90%.
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2829.0
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2023-03-08 00:00:00 UTC
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American Airlines (AAL) Outpaces Stock Market Gains: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-outpaces-stock-market-gains%3A-what-you-should-know-3
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In the latest trading session, American Airlines (AAL) closed at $16.59, marking a +1.41% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.14%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, added 1.54%.
Heading into today, shares of the world's largest airline had lost 3.54% over the past month, lagging the Transportation sector's loss of 2.98% and outpacing the S&P 500's loss of 4.07% in that time.
Wall Street will be looking for positivity from American Airlines as it approaches its next earnings report date. The company is expected to report EPS of $0, up 100% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $12.25 billion, up 37.63% from the prior-year quarter.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.15 per share and revenue of $53.57 billion. These results would represent year-over-year changes of +330% and +9.38%, respectively.
Investors should also note any recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.46% higher. American Airlines currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 7.62 right now. This valuation marks a discount compared to its industry's average Forward P/E of 12.75.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 44, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, American Airlines (AAL) closed at $16.59, marking a +1.41% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.15 per share and revenue of $53.57 billion. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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In the latest trading session, American Airlines (AAL) closed at $16.59, marking a +1.41% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.15 per share and revenue of $53.57 billion. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, American Airlines (AAL) closed at $16.59, marking a +1.41% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.15 per share and revenue of $53.57 billion.
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In the latest trading session, American Airlines (AAL) closed at $16.59, marking a +1.41% move from the previous day. AAL's full-year Zacks Consensus Estimates are calling for earnings of $2.15 per share and revenue of $53.57 billion. To follow AAL in the coming trading sessions, be sure to utilize Zacks.com.
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2830.0
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2023-03-08 00:00:00 UTC
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US aviation regulator boosting Boeing oversight
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https://www.nasdaq.com/articles/us-aviation-regulator-boosting-boeing-oversight
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By David Shepardson
WASHINGTON, March 8 (Reuters) - The U.S. Federal Aviation Administration (FAA) is ramping up oversight of Boeing BA.N and plans to add nearly 300 employees to its safety office following two fatal 737 MAX crashes in recent years, the agency's acting head said on Wednesday.
Acting FAA Administrator Billy Nolen told the Senate Commerce Committee that the aviation safety office, which currently has 7,489 employees, plans to have 7,775 by the end of September. The committee held a hearing on FAA safety reforms that Congress directed in 2020 after the 737 MAX crashes killed 346 people in 2018 and 2019.
The FAA currently has 107 full-time staff members providing regulatory oversight on Boeing, up from 82 just a couple of years ago, Nolen said.
Additionally, he said the FAA has augmented its Boeing oversight team with the equivalent of 35 full-time employees from across the agency to support oversight activities.
Boeing declined to comment.
A 2020 House of Representatives report said the two fatal 737 MAX crashes "were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA."
Nolen told reporters the agency is continuing the review tow new versions of the MAX -- the MAX 7 and 737 10 -- for certification but declined to offer a timetable for when they might be approved. "Safety will dictate that timeline," Nolen said.
Nolen said he met with Boeing last month. "We've had a good level of responsiveness with Boeing," Nolen said. "They are committed to the process."
Boeing in 2021 agreed to pay $6.6 million in penalties after the FAA said it failed to comply with a 2015 safety agreement and cited other safety concerns.
The FAA has closely scrutinized Boeing's quality and other issues in recent years. The FAA continues to inspect each 737 MAX and 787 aircraft before an "airworthiness certificate is issued and cleared for delivery." Typically the FAA delegates airplane ticketing authority to the manufacturer.
During the hearing, Republican Senator J.D. Vance raised questions about two recent Boeing 737 MAX flights and asked whether the 737 MAX was actually safeafter the FAA mandated safety and software updates before lifting a 20-month grounding inlate 2020.
"I can say categorically that the 737 MAX airplane is safe," said Nolen.
(Reporting by David Shepardson; Editing by Josie Kao)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By David Shepardson WASHINGTON, March 8 (Reuters) - The U.S. Federal Aviation Administration (FAA) is ramping up oversight of Boeing BA.N and plans to add nearly 300 employees to its safety office following two fatal 737 MAX crashes in recent years, the agency's acting head said on Wednesday. Acting FAA Administrator Billy Nolen told the Senate Commerce Committee that the aviation safety office, which currently has 7,489 employees, plans to have 7,775 by the end of September. The committee held a hearing on FAA safety reforms that Congress directed in 2020 after the 737 MAX crashes killed 346 people in 2018 and 2019.
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By David Shepardson WASHINGTON, March 8 (Reuters) - The U.S. Federal Aviation Administration (FAA) is ramping up oversight of Boeing BA.N and plans to add nearly 300 employees to its safety office following two fatal 737 MAX crashes in recent years, the agency's acting head said on Wednesday. Acting FAA Administrator Billy Nolen told the Senate Commerce Committee that the aviation safety office, which currently has 7,489 employees, plans to have 7,775 by the end of September. Nolen told reporters the agency is continuing the review tow new versions of the MAX -- the MAX 7 and 737 10 -- for certification but declined to offer a timetable for when they might be approved.
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By David Shepardson WASHINGTON, March 8 (Reuters) - The U.S. Federal Aviation Administration (FAA) is ramping up oversight of Boeing BA.N and plans to add nearly 300 employees to its safety office following two fatal 737 MAX crashes in recent years, the agency's acting head said on Wednesday. A 2020 House of Representatives report said the two fatal 737 MAX crashes "were the horrific culmination of a series of faulty technical assumptions by Boeing’s engineers, a lack of transparency on the part of Boeing’s management, and grossly insufficient oversight by the FAA." Vance raised questions about two recent Boeing 737 MAX flights and asked whether the 737 MAX was actually safeafter the FAA mandated safety and software updates before lifting a 20-month grounding inlate 2020.
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By David Shepardson WASHINGTON, March 8 (Reuters) - The U.S. Federal Aviation Administration (FAA) is ramping up oversight of Boeing BA.N and plans to add nearly 300 employees to its safety office following two fatal 737 MAX crashes in recent years, the agency's acting head said on Wednesday. Acting FAA Administrator Billy Nolen told the Senate Commerce Committee that the aviation safety office, which currently has 7,489 employees, plans to have 7,775 by the end of September. Nolen told reporters the agency is continuing the review tow new versions of the MAX -- the MAX 7 and 737 10 -- for certification but declined to offer a timetable for when they might be approved.
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2831.0
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2023-03-08 00:00:00 UTC
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Is JetBlue (JBLU)-Spirit (SAVE) Deal in Jeopardy Post Lawsuit?
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https://www.nasdaq.com/articles/is-jetblue-jblu-spirit-save-deal-in-jeopardy-post-lawsuit
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The Department of Justice has sued to block the impending takeover of Spirit Airlines SAVE by JetBlue Airways JBLU. The lawsuit has been filed on concerns that the merger, on taking effect, will be anti-competitive.
The lawsuit alleges that the $3.8-billion deal, on materialization, will lead to higher fares and reduced number of seats, resulting in an unfavorable scenario for passengers travelling on the flights. JetBlue had plans to remove 10-15% of seats from every Spirit plane, per the complaint. Per U.S. senator, Elizabeth Warren, "Americans want more choices and lower prices for airline tickets, not another giant merger."
The roadblock pertaining to the impending merger comes at a time when the U.S. airlines are struggling from high labor and fuel costs. A merger is looked at as a way aimed at saving costs. Making matters worse as far as the future of the deal is concerned, the U.S. Department of Transportation (USDOT) is supporting the lawsuit filed by the Department of Justice.
We remind investors that both JetBlue and Spirit filed a transfer application with the USDOT asking for permission to combine and operate their international routes under one certificate. SAVE and JBLU had also filed an exemption application requesting the USDOT to permit them to operate under common ownership before the requested transfer. The USDOT is likely to block the transfer of SAVE’s airline certificate.
However, JBLU’s management put forward the argument that the takeover of Spirit Airlines would result in a market share of 9% for the former and allow it to better compete with the leading U.S. airlines like American Airlines AAL and United Airlines UAL. Given this back drop, it will be interesting to wait and see the future course of action regarding the deal.
Zacks Rank & Key Picks
Currently, both Spirit Airlines and JetBlue carry a Zacks Rank #3 (Hold). Investors interested in the Zacks Airline industry may consider stocks like American Airlines and United Airlines, both carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward. American Airlines surpassed the Zacks Consensus Estimate for earnings in three of the last four quarters (missing once), the average beat being 7.79%.
United Airlines is based in Chicago. The gradual increase in air-travel demand (particularly for leisure) is aiding UAL as well. However, high fuel costs are affecting its bottom line.
Over the past 60 days, the UAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 22.1% upward. United Airlines surpassed the Zacks Consensus Estimate for earnings in two of the last four quarters (missing twice), the average beat being 5.42%.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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However, JBLU’s management put forward the argument that the takeover of Spirit Airlines would result in a market share of 9% for the former and allow it to better compete with the leading U.S. airlines like American Airlines AAL and United Airlines UAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. However, JBLU’s management put forward the argument that the takeover of Spirit Airlines would result in a market share of 9% for the former and allow it to better compete with the leading U.S. airlines like American Airlines AAL and United Airlines UAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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However, JBLU’s management put forward the argument that the takeover of Spirit Airlines would result in a market share of 9% for the former and allow it to better compete with the leading U.S. airlines like American Airlines AAL and United Airlines UAL. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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However, JBLU’s management put forward the argument that the takeover of Spirit Airlines would result in a market share of 9% for the former and allow it to better compete with the leading U.S. airlines like American Airlines AAL and United Airlines UAL. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. Over the past 60 days, the AAL stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 24.3% upward.
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2832.0
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2023-03-08 00:00:00 UTC
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US lawsuit challenging JetBlue's Spirit deal assigned to new judge
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https://www.nasdaq.com/articles/us-lawsuit-challenging-jetblues-spirit-deal-assigned-to-new-judge
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By Nate Raymond and Diane Bartz
BOSTON, March 8 (Reuters) - The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's JBLU.O planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc SAVE.N was reassigned on Wednesday to a judge known for trying to speed cases along to trial.
U.S. District Judge William Young in Boston was randomly assigned the case despite the Justice Department's contention that the lawsuit should be heard by another judge who is overseeing a separate antitrust case involving JetBlue.
That case brought by the Justice Department seeks to force American Airlines AAL.O and JetBlue to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. U.S. District Judge Leo Sorokin presided over a trial last year in that case but has not yet issued a ruling.
The Justice Department on Tuesday argued that Sorokin should hear the Spirit case as well because both involved "an assessment of JetBlue's network plans, aircraft orders and configurations, and pricing strategy."
Sorokin, an appointee of Democratic former President Barack Obama, on Wednesday in a brief order said the Spirit case was wrongly assigned to him because it was "incorrectly marked as related and thus not randomly assigned."
It was then assigned to Young, a veteran jurist known for setting quick schedules to get cases to trial. Young, appointed by Republican former President Ronald Reagan, has served on the bench since 1985.
The Justice Department and JetBlue declined to comment.
The lawsuit is the latest attempt by President Joe Biden's administration to push back against further consolidation in industries with the fewest competitors.
In the case filed on Tuesday, the Justice Department said the merger of JetBlue and Spirit would "combine two especially close and fierce head-to-head competitors." It called the deal "presumptively illegal." It also said that JetBlue planned to remove 10% to 15% of seats from every Spirit plane.
The Justice Department's lawsuit was joined by the states of Massachusetts and New York as well as Washington, D.C.
JetBlue has argued that the merger, which would create the fifth-largest U.S. carrier with a market share of 9%, was good for competition and would allow it to better compete with the big airlines.
US sues to stop JetBlue's deal for Spirit, cites consumer harm
TIMELINE-DoJ sues to block JetBlue, Spirit Airlines merger
JetBlue CEO defends Spirit deal, says passengers will save money
(Reporting by Nate Raymond in Boston and Diane Bartz in Washington; Additional reporting by David Shepardson; Editing by Will Dunham)
((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; 347-243-6917))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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That case brought by the Justice Department seeks to force American Airlines AAL.O and JetBlue to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. By Nate Raymond and Diane Bartz BOSTON, March 8 (Reuters) - The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's JBLU.O planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc SAVE.N was reassigned on Wednesday to a judge known for trying to speed cases along to trial. The Justice Department on Tuesday argued that Sorokin should hear the Spirit case as well because both involved "an assessment of JetBlue's network plans, aircraft orders and configurations, and pricing strategy."
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That case brought by the Justice Department seeks to force American Airlines AAL.O and JetBlue to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. By Nate Raymond and Diane Bartz BOSTON, March 8 (Reuters) - The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's JBLU.O planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc SAVE.N was reassigned on Wednesday to a judge known for trying to speed cases along to trial. U.S. District Judge William Young in Boston was randomly assigned the case despite the Justice Department's contention that the lawsuit should be heard by another judge who is overseeing a separate antitrust case involving JetBlue.
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That case brought by the Justice Department seeks to force American Airlines AAL.O and JetBlue to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. By Nate Raymond and Diane Bartz BOSTON, March 8 (Reuters) - The U.S. Justice Department's lawsuit seeking to halt JetBlue Airways Corp's JBLU.O planned $3.8 billion acquisition of ultra-low cost carrier Spirit Airlines Inc SAVE.N was reassigned on Wednesday to a judge known for trying to speed cases along to trial. U.S. District Judge William Young in Boston was randomly assigned the case despite the Justice Department's contention that the lawsuit should be heard by another judge who is overseeing a separate antitrust case involving JetBlue.
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That case brought by the Justice Department seeks to force American Airlines AAL.O and JetBlue to scrap their U.S. Northeast partnership because it would mean higher prices for consumers. U.S. District Judge William Young in Boston was randomly assigned the case despite the Justice Department's contention that the lawsuit should be heard by another judge who is overseeing a separate antitrust case involving JetBlue. The Justice Department on Tuesday argued that Sorokin should hear the Spirit case as well because both involved "an assessment of JetBlue's network plans, aircraft orders and configurations, and pricing strategy."
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2833.0
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2023-03-08 00:00:00 UTC
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The Zacks Analyst Blog Highlights American Airlines, Delta Air Lines, United Airlines, Alaska Air and JetBlue Airways
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-american-airlines-delta-air-lines-united-airlines-alaska
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For Immediate Release
Chicago, IL – March 8, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL, United Airlines Holdings Inc. UAL, Alaska Air Group Inc. ALK and JetBlue Airways Corp. JBLU.
Here are highlights from Tuesday’s Analyst Blog:
Airline Industry Likely to Revive Lost Glory in 2023
The global airlines industry is set to revive its lost glory in 2023. The industry suffered a massive hit from early 2020 to mid-2022, due to pandemic-induced travel restrictions and lockdowns. However, as the United States and most countries globally removed air travel restrictions buoyed by the gradual fading out of coronavirus infections, the airline industry is gaining its foothold.
The pent-up demand is driving traffic for airlines. Despite inflationary pressures and supply-chain woes, there is a wave of optimism surrounding air-travel demand. The buoyant scenario with respect to air-travel demand is expected to improve further in 2023.
IATA's Bullish Forecast
In December 2022, the International Air Transport Association (IATA) estimated that the net profits for airlines across the globe are likely to be $4.7 billion in 2023. The top line in 2023 is anticipated at $779 billion compared with the previous estimate of $727 billion.
Per IATA, passenger revenues in 2023 are anticipated to be $522 billion (85.5% of 2019 [pre-coronavirus] levels) despite economic uncertainties. Cargo revenues are expected to be around $150 billion, suggesting an increase of nearly $48.6 billion from the pre-pandemic level of 2019.
Positive Developments
Major airlines like American Airlines Group Inc., Delta Air Lines Inc. and United Airlines Holdings Inc. reported better-than-expected earnings results with strong guidance for the near term. Improved air travel demand was the primary reasons for the upbeat guidance.
Alaska Air Group Inc. too is being aided by buoyant air-travel-demand. On the back of upbeat air-travel demand and favorable pricing. ALK expects first-quarter 2023 total revenues to increase 29-32% year over year.
JetBlue Airways Corp. has partnered CHOOOSE to create a new online platform, which allows passengers to estimate the amount of carbon dioxide emissions from flights. To stop these harmful emissions, passengers can make financial contributions to fund the usage of environmentally-friendly sustainable aviation fuel (SAF) on JetBlue flights.
Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
Moreover, the airline industry suffered last year due to higher crude oil prices that were triggered primarily by the prolonged war between Russia and Ukraine. However, oil prices, the major source of costs for airlines, retreated by nearly 30% from the March-April peak of last year.
Finally, China’s recent reopening and removal of all travel-related restrictions after a long COVID-19 lockdowns will benefit the airline industry. The resilient demand will allow several debt-ridden companies to fix their balance sheets.
Bottom Line
Air-travel demand made a stronger-than-expected recovery as people are again booking flights, thereby boosting passenger revenues, which account for the bulk of most airlines' top lines. The focus on boosting cargo revenues is an added positive. The well-being of companies in this industry is linked to the health of the overall economy.
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Media Contact
Zacks Investment Research
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
This Little-Known Semiconductor Stock Could Be Your Portfolio’s Hedge Against Inflation
Everyone uses semiconductors. But only a small number of people know what they are and what they do. If you use a smartphone, computer, microwave, digital camera or refrigerator (and that’s just the tip of the iceberg), you have a need for semiconductors. That’s why their importance can’t be overstated and their disruption in the supply chain has such a global effect. But every cloud has a silver lining. Shockwaves to the international supply chain from the global pandemic have unearthed a tremendous opportunity for investors. And today, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most in a new FREE report. It's yours at no cost and with no obligation.
>>Yes, I Want to Help Protect My Portfolio During the Recession
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Stocks recently featured in the blog include: American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL, United Airlines Holdings Inc. UAL, Alaska Air Group Inc. ALK and JetBlue Airways Corp. JBLU. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
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Stocks recently featured in the blog include: American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL, United Airlines Holdings Inc. UAL, Alaska Air Group Inc. ALK and JetBlue Airways Corp. JBLU. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Stocks recently featured in the blog include: American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL, United Airlines Holdings Inc. UAL, Alaska Air Group Inc. ALK and JetBlue Airways Corp. JBLU. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Stocks recently featured in the blog include: American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL, United Airlines Holdings Inc. UAL, Alaska Air Group Inc. ALK and JetBlue Airways Corp. JBLU. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
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2834.0
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2023-03-07 00:00:00 UTC
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US to make antitrust announcement amid expectations of JetBlue lawsuit
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https://www.nasdaq.com/articles/us-to-make-antitrust-announcement-amid-expectations-of-jetblue-lawsuit
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Adds background on JetBlue deal for Spirit
WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N.
JetBlue had said Monday it was expecting an antitrust lawsuit this week. The company said it expected the deal to close in early 2024, leaving time for litigation if necessary.
The announcement is scheduled for 11:30 a.m. (1630 GMT), the Justice Department said in an advisory.
JetBlue prevailed in a months-long bidding war for Spirit Airlines after the ultra-low-cost carrier accepted its offer in late July.
From the beginning, JetBlue's acquisition of Spirit had been expected to face a tough antitrust review because the four biggest carriers - American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the U.S. domestic market.
JetBlue has argued that the merger, which would create the fifth largest U.S. airline with a market share of 9%, was good for competition and would allow it to better compete with the big airlines.
(Reporting by Diane Bartz; editing by Chizu Nomiyama and Jason Neely)
((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From the beginning, JetBlue's acquisition of Spirit had been expected to face a tough antitrust review because the four biggest carriers - American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the U.S. domestic market. Adds background on JetBlue deal for Spirit WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N. The company said it expected the deal to close in early 2024, leaving time for litigation if necessary.
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From the beginning, JetBlue's acquisition of Spirit had been expected to face a tough antitrust review because the four biggest carriers - American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the U.S. domestic market. Adds background on JetBlue deal for Spirit WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N. The announcement is scheduled for 11:30 a.m. (1630 GMT), the Justice Department said in an advisory.
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From the beginning, JetBlue's acquisition of Spirit had been expected to face a tough antitrust review because the four biggest carriers - American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the U.S. domestic market. Adds background on JetBlue deal for Spirit WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N. (Reporting by Diane Bartz; editing by Chizu Nomiyama and Jason Neely) ((Diane.Bartz@thomsonreuters.com; 1 202 898 8313;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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From the beginning, JetBlue's acquisition of Spirit had been expected to face a tough antitrust review because the four biggest carriers - American Airlines AAL.O, United Airlines UAL.O, Delta Air Lines DAL.N and Southwest Airlines LUV.N - control 80% of the U.S. domestic market. Adds background on JetBlue deal for Spirit WASHINGTON, March 7 (Reuters) - The U.S. Justice Department said on Tuesday it would make an announcement on an antitrust matter amid expectations that it would sue to stop JetBlue Airways JBLU.O from buying Spirit Airlines SAVE.N. JetBlue had said Monday it was expecting an antitrust lawsuit this week.
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2835.0
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2023-03-07 00:00:00 UTC
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Tuesday's ETF with Unusual Volume: EFIV
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https://www.nasdaq.com/articles/tuesdays-etf-with-unusual-volume%3A-efiv
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The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. Shares of EFIV were off about 1.6% on the day.
Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 1.3% with over 63.1 million shares changing hands so far this session, and Nvidia, down about 1% on volume of over 47.5 million shares. American Airlines Group is the component faring the best Tuesday, up by about 1.6% on the day, while Freeport-mcmoran is lagging other components of the SPDR S&P 500 ESG ETF, trading lower by about 6.4%.
VIDEO: Tuesday's ETF with Unusual Volume: EFIV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 1.3% with over 63.1 million shares changing hands so far this session, and Nvidia, down about 1% on volume of over 47.5 million shares. VIDEO: Tuesday's ETF with Unusual Volume: EFIV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. American Airlines Group is the component faring the best Tuesday, up by about 1.6% on the day, while Freeport-mcmoran is lagging other components of the SPDR S&P 500 ESG ETF, trading lower by about 6.4%. VIDEO: Tuesday's ETF with Unusual Volume: EFIV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 1.3% with over 63.1 million shares changing hands so far this session, and Nvidia, down about 1% on volume of over 47.5 million shares. VIDEO: Tuesday's ETF with Unusual Volume: EFIV The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The SPDR S&P 500 ESG ETF is seeing unusually high volume in afternoon trading Tuesday, with over 745,000 shares traded versus three month average volume of about 63,000. Shares of EFIV were off about 1.6% on the day. Components of that ETF with the highest volume on Tuesday were Advanced Micro Devices, trading up about 1.3% with over 63.1 million shares changing hands so far this session, and Nvidia, down about 1% on volume of over 47.5 million shares.
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2836.0
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2023-03-07 00:00:00 UTC
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Why Spirit Airlines Stock Is Up Today
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AAL
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https://www.nasdaq.com/articles/why-spirit-airlines-stock-is-up-today
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What happened
The Department of Justice, as expected, has sued to try to block JetBlue Airways (NASDAQ: JBLU) from acquiring Spirit Airlines (NYSE: SAVE). But 24 hours after Spirit shares fell on the rumor, today, the stock is actually up more than 3% on the news. Although an outcome is far from certain, some investors seem to see room here for a compromise.
So what
Last summer, JetBlue outbid Frontier Holdings Group to acquire Spirit for $7.6 billion in cash, stock, and assumed debt. But investors knew from the start that a JetBlue/Spirit combination was likely to attract regulatory scrutiny, and on Tuesday, the DOJ followed through on that expectation.
The DOJ, along with the District of Columbia, Massachusetts, and New York, filed suit in a Massachusetts federal court to block a deal that Attorney General Merrick B. Garland said "would result in higher fares and fewer choices for tens of millions of travelers, with the greatest impact felt by those who rely on what are known as ultra-low-cost carriers in order to fly."
The government's action doesn't mean the deal is off, only that it is delayed while the two sides go to court to argue their cases. As Garland's statement notes, the DOJ's case is focused on the potential harm that would be done by eliminating Spirit, a so-called ultra-low-cost airline that tends to be the price setter, from the market.
JetBlue, however, is lining up allies. On Monday, Florida Attorney General Ashley Moody announced the airlines had agreed to increase seat capacity by at least 50% in both Fort Lauderdale and Orlando, boost service elsewhere in the state, and bring 1,000 new jobs to the state.
Now what
The airlines are willing to make some concessions to address the DOJ's concerns. JetBlue has offered to sell the entirety of Spirit's operations in Newark, N.J., New York LaGuardia, and Boston Logan International, as well as slots in Fort Lauderdale, to a competitor.
But the government's primary focus appears to be a separate alliance between JetBlue and American Airlines Group (NASDAQ: AAL) that allows those two airlines to coordinate schedules at certain Northeastern airports. The DOJ has filed a separate suit against that alliance.
JetBlue's options from here could boil down to (1) winning in court or (2) sacrificing its association with either Spirit or American to salvage the deal with the other. Spirit shareholders still have a chance of getting their payday, but they need to understand that a lot must go right for this deal to eventually close.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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But the government's primary focus appears to be a separate alliance between JetBlue and American Airlines Group (NASDAQ: AAL) that allows those two airlines to coordinate schedules at certain Northeastern airports. What happened The Department of Justice, as expected, has sued to try to block JetBlue Airways (NASDAQ: JBLU) from acquiring Spirit Airlines (NYSE: SAVE). As Garland's statement notes, the DOJ's case is focused on the potential harm that would be done by eliminating Spirit, a so-called ultra-low-cost airline that tends to be the price setter, from the market.
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But the government's primary focus appears to be a separate alliance between JetBlue and American Airlines Group (NASDAQ: AAL) that allows those two airlines to coordinate schedules at certain Northeastern airports. What happened The Department of Justice, as expected, has sued to try to block JetBlue Airways (NASDAQ: JBLU) from acquiring Spirit Airlines (NYSE: SAVE). The DOJ, along with the District of Columbia, Massachusetts, and New York, filed suit in a Massachusetts federal court to block a deal that Attorney General Merrick B. Garland said "would result in higher fares and fewer choices for tens of millions of travelers, with the greatest impact felt by those who rely on what are known as ultra-low-cost carriers in order to fly."
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But the government's primary focus appears to be a separate alliance between JetBlue and American Airlines Group (NASDAQ: AAL) that allows those two airlines to coordinate schedules at certain Northeastern airports. 10 stocks we like better than Spirit Airlines When our award-winning analyst team has a stock tip, it can pay to listen. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Spirit Airlines wasn't one of them!
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But the government's primary focus appears to be a separate alliance between JetBlue and American Airlines Group (NASDAQ: AAL) that allows those two airlines to coordinate schedules at certain Northeastern airports. The DOJ has filed a separate suit against that alliance. * They just revealed what they believe are the ten best stocks for investors to buy right now... and Spirit Airlines wasn't one of them!
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2837.0
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2023-03-07 00:00:00 UTC
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Bullish Air Traffic Cushions Ryanair (RYAAY) Against Cost Woes
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https://www.nasdaq.com/articles/bullish-air-traffic-cushions-ryanair-ryaay-against-cost-woes
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Ryanair Holdings RYAAY is being affected by high fuel costs. The airline’s fuel and oil expenses increased by more than 50% year over year in third-quarter fiscal 2023 (ended Dec 31, 2022). Also, a ramp-up in RYAAY’s operations is pushing up total costs.
Total operating expenses rose more than 35% year over year in third-quarter fiscal 2023, with a substantial increase in airport and handling charges, among other costs. Labor-related woes are also hurting operations at Ryanair.
Total operating expenses rose more than 35% year over year in third-quarter fiscal 2023, with a substantial increase in airport and handling charges, among other costs. Labor-related woes are also hurting operations at Ryanair.
However, a rebound in air-travel demand following the easing of COVID-related restrictions is a huge boon for Ryanair. On the back of buoyant traffic scenario in the Christmas/New Year period, RYAAY’s profit after tax in third-quarter fiscal 2023 was €211 million against a net loss of €96 million incurred a year ago.
Continuing the trend, the number of passengers ferried on RYAAY flights in February registered an impressive figure of 10.6 million. This compared favorably with the year-ago figure of 8.7 million.
Load factor (% of seats filled by passengers) was 92% in February 2023 compared with 86% a year ago. Ryanair expects its traffic in fiscal 2023 to be 165 million, indicating 11% growth from the pre-COVID-19 traffic numbers.
Below we present the fourth-quarter 2022 results of some other Zacks Airline industry stocks that too benefited from buoyant air traffic.
Owing to upbeat air-travel demand, operating revenues at American Airlines AAL in fourth-quarter 2022 increased 39.3% year over year. Buoyant air-travel demand is also reflected by the total operating revenue increase of 16.6% from the fourth-quarter 2019 (pre- COVID-19) levels despite 6.1% lower capacity.
In the December quarter, passenger revenues, accounting for the bulk of the top line (92%), increased to $12,131 million from $8,382 million a year ago, driven by strong air-travel demand, mainly on the domestic front. Driven by soaring demand on healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022.
Owing to buoyant air-travel demand, United Airlines UAL posted a significant year over year increase (about 51.37%) in fourth-quarter 2022 revenues. The massive year-over-year increase in the top line was driven by 62.9% rise in passenger revenues (accounting for 90.3% of the top line) to $11,202 million.
Moreover, passenger revenues increased 12.8% from fourth-quarter 2019 reading. Nearly 39 million passengers traveled on UAL flights in the December quarter.
Driven by solid demand, UAL’s management expects total revenue per available seat mile to grow almost 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 50% year over year. United Airlines expects first-quarter 2023 earnings per share in the $0.5-$1.00 band.
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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Owing to upbeat air-travel demand, operating revenues at American Airlines AAL in fourth-quarter 2022 increased 39.3% year over year. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Continuing the trend, the number of passengers ferried on RYAAY flights in February registered an impressive figure of 10.6 million.
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Owing to upbeat air-travel demand, operating revenues at American Airlines AAL in fourth-quarter 2022 increased 39.3% year over year. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Total operating expenses rose more than 35% year over year in third-quarter fiscal 2023, with a substantial increase in airport and handling charges, among other costs.
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Owing to upbeat air-travel demand, operating revenues at American Airlines AAL in fourth-quarter 2022 increased 39.3% year over year. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the December quarter, passenger revenues, accounting for the bulk of the top line (92%), increased to $12,131 million from $8,382 million a year ago, driven by strong air-travel demand, mainly on the domestic front.
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Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to upbeat air-travel demand, operating revenues at American Airlines AAL in fourth-quarter 2022 increased 39.3% year over year. In the December quarter, passenger revenues, accounting for the bulk of the top line (92%), increased to $12,131 million from $8,382 million a year ago, driven by strong air-travel demand, mainly on the domestic front.
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2838.0
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2023-03-07 00:00:00 UTC
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American Airlines prepared to match Delta's pilot pay rates -CEO
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AAL
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https://www.nasdaq.com/articles/american-airlines-prepared-to-match-deltas-pilot-pay-rates-ceo
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Adds more details, quote, background
CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday.
Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them.
"A deal like this would be a game changer for our pilots," he said.
Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers.
The Atlanta-based carrier's new contract provides a 34% cumulative pay increase, a lump-sum one-time payment, reduced health insurance premiums and improvements in holiday pay, vacation, company contributions to 401(k) and work rules.
To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract. Total pay increases in the fourth year of the contract deal would be 40%, he said.
(Reporting by Rajesh Kumar Singh Editing by Chris Reese and Aurora Ellis)
((rajeshkumar.singh@thomsonreuters.com; +1-312-408-8537; Reuters Messaging: rajeshkumar.singh.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds more details, quote, background CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract.
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Adds more details, quote, background CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract.
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Adds more details, quote, background CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. Isom told American pilots that matching Delta's deal will result in a contract worth more than $7 billion for them. To match Delta's deal, Isom said American pilots would receive on average pay increases of 21% in the first year of contract.
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Adds more details, quote, background CHICAGO, March 7 (Reuters) - American Airlines AAL.O is prepared to match the pay rates and profit-sharing formula that rival Delta Air Lines DAL.N has provided in its new pilot contract, Chief Executive Robert Isom said on Tuesday. "A deal like this would be a game changer for our pilots," he said. Delta's pilots last week ratified a new contract that is widely expected to be a benchmark for contract negotiations at rival carriers.
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2839.0
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2023-03-07 00:00:00 UTC
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Airlines Industry is Likely to Revive Lost Glory in 2023
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AAL
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https://www.nasdaq.com/articles/airlines-industry-is-likely-to-revive-lost-glory-in-2023
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The global airlines industry is set to revive its lost glory in 2023. The industry suffered a massive hit from early 2020 to mid-2022, due to pandemic-induced travel restrictions and lockdowns. However, as the United States and most countries globally removed air travel restrictions buoyed by the gradual fading out of coronavirus infections, the airlines industry is gaining its foothold.
The pent-up demand is driving traffic for airlines. Despite inflationary pressures and supply-chain woes, there is a wave of optimism surrounding air-travel demand. The buoyant scenario with respect to air-travel demand is expected to improve further in 2023.
IATA's Bullish Forecast
In December 2022, the International Air Transport Association (IATA) estimated that the net profits for airlines across the globe are likely to be $4.7 billion in 2023. The top line in 2023 is anticipated at $779 billion compared with the previous estimate of $727 billion.
Per IATA, passenger revenues in 2023 are anticipated to be $522 billion (85.5% of 2019 [pre-coronavirus] levels) despite economic uncertainties. Cargo revenues are expected to be around $150 billion, suggesting an increase of nearly $48.6 billion from the pre-pandemic level of 2019.
Positive Developments
Major airlines like American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL and United Airlines Holdings Inc. UAL reported better-than-expected earnings results with strong guidance for the near term. Improved air travel demand was the primary reasons for the upbeat guidance.
Alaska Air Group Inc. ALK too is being aided by the buoyant air-travel-demand. On the back of upbeat air-travel demand and favorable pricing. ALK expects first-quarter 2023 total revenues to increase 29-32% year over year.
JetBlue Airways Corp. JBLU has partnered CHOOOSE to create a new online platform, which allows passengers to estimate the amount of carbon dioxide emissions from flights. To stop these harmful emissions, passengers can make financial contributions to fund the usage of environmentally-friendly sustainable aviation fuel (SAF) on JetBlue flights.
Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
Moreover, the airlines industry suffered last year due to higher crude oil prices that were triggered primarily by the prolonged war between Russia and Ukraine. However, oil prices, the major source of costs for airlines, retreated by nearly 30% from the March-April peak of last year.
Finally, China’s recent reopening and removal of all travel-related restrictions after a long COVID-19 lockdowns will benefit the airlines industry. The resilient demand will allow several debt-ridden companies to fix their balance sheets.
Bottom Line
Air-travel demand made a stronger-than-expected recovery as people are again booking flights, thereby boosting passenger revenues, which account for the bulk of most airlines' top lines. The focus on boosting cargo revenues is an added positive. The well-being of companies in this industry is linked to the health of the overall economy.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Positive Developments Major airlines like American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL and United Airlines Holdings Inc. UAL reported better-than-expected earnings results with strong guidance for the near term. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
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Positive Developments Major airlines like American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL and United Airlines Holdings Inc. UAL reported better-than-expected earnings results with strong guidance for the near term. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Positive Developments Major airlines like American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL and United Airlines Holdings Inc. UAL reported better-than-expected earnings results with strong guidance for the near term. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Positive Developments Major airlines like American Airlines Group Inc. AAL, Delta Air Lines Inc. DAL and United Airlines Holdings Inc. UAL reported better-than-expected earnings results with strong guidance for the near term. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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2840.0
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2023-03-07 00:00:00 UTC
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Zacks Investment Ideas feature highlights: United Airlines, American Airlines, Southwest Airlines, Ryanair and Copa Airlines
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https://www.nasdaq.com/articles/zacks-investment-ideas-feature-highlights%3A-united-airlines-american-airlines-southwest
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For Immediate Release
Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA.
Breaking Down 3 Airline Segments (Avoid 1)
The Resurgence of Air Travel
Since the COVID-19 fallout in 2020, airlines have been on the runway to recovery. In 2022, air traffic numbers finally recovered fully to 2019 pre-pandemic numbers, according to the FAA. Thus far in March, TSA checkpoint numbers are showing 2023 not only surpassing 2022, but also taking out 2019 numbers. As more employees enjoy flexible remote work, business travel recovers, and vacationers make up for lost time, the airline industry’s turbulent times may be in the rearview mirror, and years of growth may be ahead. With that said, not all airlines are created equally. Today, we will break down three segments of the airline industry:
Large Domestic Carriers
In January, Zacks Rank #2 (Buy) United Airlines handily beat earnings estimates. Zacks Consensus Estimates expected EPS of 2.07, and UAL delivered EPS of $2.46.
UAL’s revenue also jumped by a healthy 51% as air traffic picked up. UAL’s healthy top-line growth can also be attributed to its fast growing cargo operations business. Cargo revenues increased an impressive 84.1% in 2022 versus pre pandemic levels.
Judging by UAL’s historical earnings price and earnings relationship, the stock has a lot left in the tank. If UAL’s earnings trajectory follows consensus estimates for the next year, a conservative price target would be $80 a share by year-end based on the chart below:
Fellow Zacks Rank #2 (Buy) stock American Airlines is on a similar growth path as United. Like United, American Airlines benefits from the continued recovery in air travel demand, a growing offering of travel destinations, and management’s debt reduction efforts. However, from an estimate perspective, UAL remains the most attractive name in this segment.
Small Domestic Carriers
Zacks Rank #5 (Strong Sell) Southwest Airlines has been drastically underperforming its peers. While United Airlines is up 70% over the past year, Southwest’s stock is lower by 8%.
Southwest’s performance has been negatively impacted by rising fuel costs, massive flight cancellations, and a rise in labor costs (and a labor dispute). These issues have led to a return on equity (ROE) of just 6.7% - well below that of the S&P 500 Index and a signal that the company is poorly managed and inefficient. While the larger carriers have to contend with these same issues, the impact is being felt more by the smaller carriers.
Small Foreign Carriers
Thus far in 2023, foreign carriers such as Zacks Rank #1 (Strong Buy) Ryanair Holdings have outperformed. Ryanair, known for its cheap flights around Europe, is experiencing robust demand. Despite the strong price action in the stock, management does not seem content. RYAAY is purchasing more than 200 BoeingMax jets to expand its fleet. Shares of RYAAY are attempting to break out over $100. If the stock can clear the psychologically important level, it opens the door to $120 by year end.
Perhaps no other airline has handled the many challenges thrown at the industry as well as Zacks Rank #1 (Strong Buy) Copa Airlines. For example, while most airlines were unprofitable in 2020 and 2021 after the pandemic shock, Copa was back in the green by 2021. While rising fuel costs remain a headwind, CPA’s prudent cost-management efforts are paying off. In the most recent reported quarter, passenger servicing and maintenance costs each dropped by more than 20%. CPA shares continue to ride the rising 50-day moving average and are set to move higher.
Takeaway
The Zacks Transportation – Airline Industry is one of the strongest industries tracked by Zacks. The strength in airlines can be attributed to a resurgence in air traffic which is driving earnings higher. Because the industry is in the top 26% of all industries, investors should expect airlines to outperform over the next 12 months. However, not all airline stocks deserve your attention. Stick to large U.S.-based carriers or smaller foreign carriers as opposed to small domestic carriers, which are feeling the impact of rising fuel costs.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Southwest Airlines Co. (LUV) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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For Immediate Release Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. If UAL’s earnings trajectory follows consensus estimates for the next year, a conservative price target would be $80 a share by year-end based on the chart below: Fellow Zacks Rank #2 (Buy) stock American Airlines is on a similar growth path as United.
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For Immediate Release Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines handily beat earnings estimates.
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For Immediate Release Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines handily beat earnings estimates.
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For Immediate Release Chicago, IL – March 7, 2023 – Today, Zacks Investment Ideas feature highlights United Airlines UAL, American Airlines AAL, Southwest Airlines LUV, Ryanair Holdings RYAAY and Copa Airlines CPA. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Southwest Airlines Co. (LUV) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines handily beat earnings estimates.
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2841.0
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2023-03-06 00:00:00 UTC
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U.S. FAA, NTSB probe new airline runway incident
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AAL
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https://www.nasdaq.com/articles/u.s.-faa-ntsb-probe-new-airline-runway-incident
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By David Shepardson
WASHINGTON, March 6 (Reuters) - U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions.
The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) are investigating a string of recent runway incursions that have attracted national attention.
In the Feb. 16 incident, an air traffic controller cleared an Air Canada AC.TO Rouge Airbus AIR.PA A321 for takeoff at Florida's Sarasota/Bradenton International Airport after clearing an American Airlines AAL.O Boeing BA.N 737 to land on the same runway.
The aircraft were about 3,100 feet (945 meters) apart when the American Airlines jet began its climb-out, the FAA said.
Air Canada and American Airlines did not immediately comment.
The FAA will hold a March 15 safety summit and is forming a team of experts to review airline safety after several recent near-miss incidents.
Acting FAA Administrator Billy Nolen, in a "call to action” memo last month, said the safety review team will "examine the U.S. aerospace system's structure, culture, processes, systems, and integration of safety efforts." Nolen is also set to testify Wednesday before the Senate Commerce Committee.
NTSB and FAA said last week they were investigating a Feb. 27 "close call" runway incursion at Boston Logan Airport that occurred when a Learjet 60 began a takeoff roll as a JetBlue JBLU.O airplane was preparing to land on an intersecting runway.
The FAA said the Learjet pilot took off without clearance while the JetBlue flight was preparing to land. The pilot of the JetBlue aircraft took evasive action and initiated a climb-out as the Learjet crossed the intersection.
Last month, NTSB Chair Jennifer Homendy said a FedEx FDX.N cargo plane and a Southwest Airlines LUV.N jet that on Feb. 4 in Austin, Texas were "probably under 100 feet vertically from each other."
The FedEx plane had been set to land on a runway on which a Southwest Airlines jet was also cleared to depart. Homendy said it could have resulted in "terrible tragedy."
In January, a Delta Air Lines DAL.N jet abandoned its take-off at New York's John F. Kennedy International Airport after controllers noticed a London-bound American Airlines widebody had crossed from an adjacent taxiway without clearance, the NTSB said. That incident is also under investigation.
(Reporting by David Shepardson; Editing by Jamie Freed)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the Feb. 16 incident, an air traffic controller cleared an Air Canada AC.TO Rouge Airbus AIR.PA A321 for takeoff at Florida's Sarasota/Bradenton International Airport after clearing an American Airlines AAL.O Boeing BA.N 737 to land on the same runway. By David Shepardson WASHINGTON, March 6 (Reuters) - U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions. Last month, NTSB Chair Jennifer Homendy said a FedEx FDX.N cargo plane and a Southwest Airlines LUV.N jet that on Feb. 4 in Austin, Texas were "probably under 100 feet vertically from each other."
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In the Feb. 16 incident, an air traffic controller cleared an Air Canada AC.TO Rouge Airbus AIR.PA A321 for takeoff at Florida's Sarasota/Bradenton International Airport after clearing an American Airlines AAL.O Boeing BA.N 737 to land on the same runway. The National Transportation Safety Board (NTSB) and Federal Aviation Administration (FAA) are investigating a string of recent runway incursions that have attracted national attention. Acting FAA Administrator Billy Nolen, in a "call to action” memo last month, said the safety review team will "examine the U.S. aerospace system's structure, culture, processes, systems, and integration of safety efforts."
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In the Feb. 16 incident, an air traffic controller cleared an Air Canada AC.TO Rouge Airbus AIR.PA A321 for takeoff at Florida's Sarasota/Bradenton International Airport after clearing an American Airlines AAL.O Boeing BA.N 737 to land on the same runway. By David Shepardson WASHINGTON, March 6 (Reuters) - U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions. NTSB and FAA said last week they were investigating a Feb. 27 "close call" runway incursion at Boston Logan Airport that occurred when a Learjet 60 began a takeoff roll as a JetBlue JBLU.O airplane was preparing to land on an intersecting runway.
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In the Feb. 16 incident, an air traffic controller cleared an Air Canada AC.TO Rouge Airbus AIR.PA A321 for takeoff at Florida's Sarasota/Bradenton International Airport after clearing an American Airlines AAL.O Boeing BA.N 737 to land on the same runway. By David Shepardson WASHINGTON, March 6 (Reuters) - U.S. aviation authorities said late on Monday they were investigating a fresh incident involving two airplanes cleared to use the same runway that forced one to abandon a landing and renewed safety questions. NTSB and FAA said last week they were investigating a Feb. 27 "close call" runway incursion at Boston Logan Airport that occurred when a Learjet 60 began a takeoff roll as a JetBlue JBLU.O airplane was preparing to land on an intersecting runway.
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2842.0
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2023-03-06 00:00:00 UTC
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U.S. DOJ may sue to block JetBlue's $3.8 bln Spirit deal - Bloomberg News
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https://www.nasdaq.com/articles/u.s.-doj-may-sue-to-block-jetblues-%243.8-bln-spirit-deal-bloomberg-news
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March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday.
(Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva)
((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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March 6 (Reuters) - The U.S. Department of Justice (DOJ) is expected to file an anti trust lawsuit to block a $3.8 billion merger between low-cost carriers JetBlue Airways Corp JBLU.O and Spirit Airlines Inc SAVE.N, Bloomberg News reported on Monday. (Reporting by Shivansh Tiwary in Bengaluru; Editing by Anil D'Silva) ((Shivansh.Tiwary@thomsonreuters.com; +91 9708363192;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2843.0
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2023-03-06 00:00:00 UTC
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6 Reasons Why You Should Buy American Airlines (AAL) Now
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https://www.nasdaq.com/articles/6-reasons-why-you-should-buy-american-airlines-aal-now
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American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand. Driven by soaring demand for healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes American Airlines an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of American Airlines have gained 17.8% over the past six months, outperforming the 10.9% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: American Airlines currently carries a Zacks Rank #2 (Buy) and has a VGM Score of B. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has moved up 39.6% year over year. For 2024, the company’s earnings are expected to increase 7.5% year over year.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For first-quarter 2023, American Airlines’ earnings are expected to register 100% growth. For 2023 and 2024, the company’s earnings are expected to grow 330% and 26.91% year over year, respectively.
Positive Earnings Surprise History: American Airlines has an impressive earnings surprise history. The company delivered an earnings surprise of 7.79% in the last four quarters, on average.
Growth Factors:Improved air-travel demand, particularly on the domestic front, is aiding American Airlines. Owing to upbeat air-travel demand, operating revenues in fourth-quarter 2022 increased 39.3% year over year.
Buoyant air-travel demand is also reflected by the total operating revenue increase of 16.6% from the fourth quarter of 2019 (pre-coronavirus) levels despite 6.1% lower capacity. Driven by soaring demand for healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and Alaska Air Group, Inc. ALK. Copa Holdings presently sports a Zacks Rank #1, while Alaska Air currently carries a Zacks Rank #2.
Copa Holdings has an expected earnings growth rate of 33.66% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 12.65% over the past 90 days. Shares of CPA have soared 7.2% over the past six months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 4.7% over the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Driven by soaring demand for healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022. American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand. Over the past 90 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has moved up 39.6% year over year.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand. Over the past 90 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has moved up 39.6% year over year.
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Over the past 90 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has moved up 39.6% year over year. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand.
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American Airlines Group Inc. AAL is benefiting from continued recovery in air-travel demand. Over the past 90 days, the Zacks Consensus Estimate for AAL’s 2023 earnings has moved up 39.6% year over year. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2844.0
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2023-03-06 00:00:00 UTC
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Breaking Down 3 Airline Segments (Avoid 1)
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https://www.nasdaq.com/articles/breaking-down-3-airline-segments-avoid-1
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The Resurgence of Air Travel
Since the COVID-19 fallout in 2020, airlines have been on the runway to recovery. In 2022, air traffic numbers finally recovered fully to 2019 pre-pandemic numbers, according to the FAA. Thus far in March, TSA checkpoint numbers are showing 2023 not only surpassing 2022, but also taking out 2019 numbers. As more employees enjoy flexible remote work, business travel recovers, and vacationers make up for lost time, the airline industry’s turbulent times may be in the rearview mirror, and years of growth may be ahead. With that said, not all airlines are created equally. Today, we will break down three segments of the airline industry:
Large Domestic Carriers
In January, Zacks Rank #2 (Buy) United Airlines UAL handily beat earnings estimates. Zacks Consensus Estimates expected EPS of 2.07, and UAL delivered EPS of $2.46.
Image Source: Zacks Investment Research
UAL’s revenue also jumped by a healthy 51% as air traffic picked up. UAL’s healthy top-line growth can also be attributed to its fast growing cargo operations business. Cargo revenues increased an impressive 84.1% in 2022 versus pre pandemic levels.
Judging by UAL’s historical earnings price and earnings relationship, the stock has a lot left in the tank. If UAL’s earnings trajectory follows consensus estimates for the next year, a conservative price target would be $80 a share by year-end based on the chart below:
Image Source: Zacks Investment Research
Fellow Zacks Rank #2 (Buy) stock American Airlines AAL is on a similar growth path as United. Like United, American Airlines benefits from the continued recovery in air travel demand, a growing offering of travel destinations, and management’s debt reduction efforts. Zacks Rank #3 (Hold) Delta Airlines (DAL) is another large domestic carrier worth watching. However, from an estimate perspective, UAL remains the most attractive name in this segment.
Small Domestic Carriers
Zacks Rank #5 (Strong Sell) Southwest Airlines (LUV) has been drastically underperforming its peers. While United Airlines is up 70% over the past year, Southwest’s stock is lower by 8%.
Image Source: Zacks Investment Research
Southwest’s performance has been negatively impacted by rising fuel costs, massive flight cancellations, and a rise in labor costs (and a labor dispute). These issues have led to a return on equity (ROE) of just 6.7% - well below that of the S&P 500 Index and a signal that the company is poorly managed and inefficient. While the larger carriers have to contend with these same issues, the impact is being felt more by the smaller carriers. Another low-cost carrier, Zacks Rank #3 (Hold) Spirit Airlines SAVE, is encountering similar issues regarding its inability to absorb higher fuel costs.
Small Foreign Carriers
Thus far in 2023, foreign carriers such as Zacks Rank #1 (Strong Buy) Ryanair Holdings RYAAY have outperformed. Ryanair, known for its cheap flights around Europe, is experiencing robust demand. Despite the strong price action in the stock, management does not seem content. RYAAY is purchasing more than 200 Boeing BA Max jets to expand its fleet. Shares of RYAAY are attempting to break out over $100. If the stock can clear the psychologically important level, it opens the door to $120 by year end.
Image Source: Zacks Investment Research
Perhaps no other airline has handled the many challenges thrown at the industry as well as Zacks Rank #1 (Strong Buy) Copa Airlines CPA. For example, while most airlines were unprofitable in 2020 and 2021 after the pandemic shock, Copa was back in the green by 2021. While rising fuel costs remain a headwind, CPA’s prudent cost-management efforts are paying off. In the most recent reported quarter, passenger servicing and maintenance costs each dropped by more than 20%. CPA shares continue to ride the rising 50-day moving average and are set to move higher.
Image Source: Zacks Investment Research
Takeaway
The Zacks Transportation – Airline Industry is one of the strongest industries tracked by Zacks. The strength in airlines can be attributed to a resurgence in air traffic which is driving earnings higher. Because the industry is in the top 26% of all industries, investors should expect airlines to outperform over the next 12 months. However, not all airline stocks deserve your attention. Stick to large U.S.-based carriers or smaller foreign carriers as opposed to small domestic carriers, which are feeling the impact of rising fuel costs.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Boeing Company (BA) : Free Stock Analysis Report
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Fellow Zacks Rank #2 (Buy) stock American Airlines AAL is on a similar growth path as United. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. If UAL’s earnings trajectory follows consensus estimates for the next year, a conservative price target would be $80 a share by year-end based on the chart below:
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Image Source: Zacks Investment Research Fellow Zacks Rank #2 (Buy) stock American Airlines AAL is on a similar growth path as United. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines UAL handily beat earnings estimates.
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Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Fellow Zacks Rank #2 (Buy) stock American Airlines AAL is on a similar growth path as United. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines UAL handily beat earnings estimates.
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Image Source: Zacks Investment Research Fellow Zacks Rank #2 (Buy) stock American Airlines AAL is on a similar growth path as United. Click to get this free report The Boeing Company (BA) : Free Stock Analysis Report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Spirit Airlines, Inc. (SAVE) : Free Stock Analysis Report To read this article on Zacks.com click here. Today, we will break down three segments of the airline industry: Large Domestic Carriers In January, Zacks Rank #2 (Buy) United Airlines UAL handily beat earnings estimates.
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2845.0
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2023-03-06 00:00:00 UTC
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U.S. pressures airlines to commit to ending family seating fees
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https://www.nasdaq.com/articles/u.s.-pressures-airlines-to-commit-to-ending-family-seating-fees
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By David Shepardson
WASHINGTON, March 6 (Reuters) - Three U.S. airlines agreed to commit in writing to eliminating family seating fees if adjacent seats are available during booking, the U.S. Department of Transportation (USDOT) said on Monday.
Under pressure from the Biden administration, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O will include the guarantee in customer service plans.
"We have been pressing airlines to guarantee family seating without tacking on extra charges, and now we’re seeing some airlines start to make this common-sense change," Transportation Secretary Pete Buttigieg said in a statement on Monday.
USDOT is unveiling a new government dashboard highlighting airline commitments after its four-month review found no airlines previously guaranteed fee-free family seating.
To receive a dashboard green check, airlines must guarantee parents can sit next to children age 13 and younger without being charged additional fees if seats are available at booking and must include that guarantee as part of customer service plans "so that it is backstopped by USDOT enforcement if they fail to deliver," the department said.
Last week, President Joe Biden urged airlines to follow American Airlines in adopting the commitment as part of a broad effort to crack down on what the White House calls "junk fees."
"No one should have to pay extra to be seated with their kids," Biden said on Twitter.
Airlines for America, which represents large U.S. airlines, says its carriers do not charge for family seating but many do not include commitments in customer service plans. Carriers not honor written commitments can face USDOT enforcement actions.
Alaska Airlines said it has "always cared for families on our flights and family seating is something we’ve never charged for." Frontier said in recent months it took steps to "automatically" seat young children with an accompanying adult. American said its written plan "provides additional clarity."
USDOT has begun drafting regulations to end family seating fees but that could take years to finalize. The administration plans to send Congress proposed legislation in the coming weeks to end the fees.
Biden first urged airlines in his State of the Union last month to take the action, saying, "Baggage fees are bad enough - airlines can't treat your child like a piece of baggage."
In August, U.S. airlines made "significant changes" to customer service plans with nearly all agreeing to offer passengers meals and overnight stays for delays within their control after USDOT first announced a dashboard comparing customer protections.
(Reporting by David Shepardson; Editing by Christian Schmollinger)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Under pressure from the Biden administration, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O will include the guarantee in customer service plans. To receive a dashboard green check, airlines must guarantee parents can sit next to children age 13 and younger without being charged additional fees if seats are available at booking and must include that guarantee as part of customer service plans "so that it is backstopped by USDOT enforcement if they fail to deliver," the department said. USDOT has begun drafting regulations to end family seating fees but that could take years to finalize.
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Under pressure from the Biden administration, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O will include the guarantee in customer service plans. By David Shepardson WASHINGTON, March 6 (Reuters) - Three U.S. airlines agreed to commit in writing to eliminating family seating fees if adjacent seats are available during booking, the U.S. Department of Transportation (USDOT) said on Monday. To receive a dashboard green check, airlines must guarantee parents can sit next to children age 13 and younger without being charged additional fees if seats are available at booking and must include that guarantee as part of customer service plans "so that it is backstopped by USDOT enforcement if they fail to deliver," the department said.
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Under pressure from the Biden administration, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O will include the guarantee in customer service plans. By David Shepardson WASHINGTON, March 6 (Reuters) - Three U.S. airlines agreed to commit in writing to eliminating family seating fees if adjacent seats are available during booking, the U.S. Department of Transportation (USDOT) said on Monday. To receive a dashboard green check, airlines must guarantee parents can sit next to children age 13 and younger without being charged additional fees if seats are available at booking and must include that guarantee as part of customer service plans "so that it is backstopped by USDOT enforcement if they fail to deliver," the department said.
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Under pressure from the Biden administration, American AirlinesAAL.O, Alaska AirlinesALK.N and Frontier AirlinesULCC.O will include the guarantee in customer service plans. To receive a dashboard green check, airlines must guarantee parents can sit next to children age 13 and younger without being charged additional fees if seats are available at booking and must include that guarantee as part of customer service plans "so that it is backstopped by USDOT enforcement if they fail to deliver," the department said. Airlines for America, which represents large U.S. airlines, says its carriers do not charge for family seating but many do not include commitments in customer service plans.
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2846.0
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2023-03-03 00:00:00 UTC
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GOL Linhas (GOL) to Announce Q4 Earnings: What to Expect?
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https://www.nasdaq.com/articles/gol-linhas-gol-to-announce-q4-earnings%3A-what-to-expect
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GOL Linhas Aéreas Inteligentes S.A.GOL is scheduled to report fourth-quarter 2022 results on Mar 8.
GOL Linhas has an unimpressive earning surprise history missing the Zacks Consensus Estimate in two of the four trailing quarters (beating the estimate on two instances). The average negative earnings surprise for the four quarters came in at 43.9%.
The Zacks Consensus Estimate for fourth-quarter 2022 earnings is currently pegged at a loss of 19 cents which indicates an increase of 69.4% from the year-ago reported figure. However, the same has been revised downward by more than 100% in the past 60 days.
Gol Linhas Aereas Inteligentes S.A. Price, Consensus and EPS Surprise
Gol Linhas Aereas Inteligentes S.A. price-consensus-eps-surprise-chart | Gol Linhas Aereas Inteligentes S.A. Quote
Let’s delve into the factors that are expected to shape the fourth-quarter earnings of GOL Linhas.
GOL is expected to be benefited by improving air travel demand, especially on the domestic front. The Zacks Consensus Estimate for the company’s top line is currently pegged at $915.6 million, which is an increase of 74.8% from the year-ago reported figure.
Passenger unit revenues are expected to have seen an uptick from the year-ago figure owing to the continued recovery in leisure travel demand and a rise in international travel. Improved corporate demand with the workforce returning to the office and reduced COVID restrictions in international markets are expected to improve the available seat kilometers, which measures the airline’s passenger carrying capacity.
With an upbeat air travel demand scenario, the company expects an improved load factor which is an indicator of the airline’s capacity utilization.
On the flip side, the company is expected to have felt the jitters from the increasing fuel prices. This is likely to have a negative impact on the company’s bottom line.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for GOL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they're reported with our Earnings ESP Filter.
GOL Linhas has an Earnings ESP of 0.00% and a Zacks Rank of 2.
Highlights of Q3
The company incurred a loss of 75 cents per share in the third quarter of 2022, wider than the Zacks Consensus Estimate of a loss of 29 cents. In the year-ago quarter, GOL had incurred a loss of 85 cents per share. Net operating revenues of $765.5 million lagged the Zacks Consensus Estimate of $786.1 million. With people taking to the skies again, the top line surged in excess of 100% year over year in the third quarter.
Here are some stocks from the Zacks Airline industry that have provided better-than-expected fourth-quarter 2022 earnings.
Alaska Air Group, Inc. ALK is being aided by the improved air travel demand situation. In the fourth quarter of 2022, ALK reported better-than-expected results. Quarterly earnings of 92 cents per share beat the Zacks Consensus Estimate of 90 cents. The bottom line surged more than 100% year over year. Operating revenues of $2,479 million missed the Zacks Consensus Estimate of $2,504.4 million. The top line jumped 31% year over year. The company expects a 23-29% increase in the top line during the first quarter of 2023. ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023.
Alaska Air, currently holding a Zacks Rank of 2, has evidenced the Zacks Consensus Estimate of the company’s earnings being revised upward by 29.4% in the past 60 days.
United Airlines UAL, currently carrying a Zacks Rank of 2, is seeing steady recovery in domestic and leisure air-travel demand. Quarterly earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.07. Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million. UAL’s revenues increased 51.37% year over year owing to upbeat air-travel demand. UAL was profitable in the fourth quarter of 2022 due to upbeat air travel demand. The fourth quarter was the third consecutive profitable quarter at UAL. Driven by solid demand, management expects total revenue per available seat mile to grow almost 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 50% year over year.
The Zacks Consensus Estimate for first-quarter 2023 has been revised upward by 270% in the past 60 days to 68 cents.
American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. The company reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. The company’s fourth-quarter 2022 earnings (excluding 3 cents from non-recurring items) of $1.17 per share surpassed the Zacks Consensus Estimate of $1.14 per share despite higher costs. Operating revenues of $13,189 million increased 39.9% year over year, reflecting upbeat air-travel demand. For first-quarter 2023, AAL’s earnings are expected to register 100% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 330% on a year-over-year basis.
The Zacks Consensus Estimate for AAL’s current-year earnings per share has been revised upward by 31.1% in the past 60 days. The company currently holds a Zacks Rank of 2.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100% growth on a year-over-year basis.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results.
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American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100% growth on a year-over-year basis.
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2847.0
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2023-03-03 00:00:00 UTC
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Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal
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AAL
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https://www.nasdaq.com/articles/air-canada-pilots-decry-embarrassing-pay-gap-with-u.s.-after-delta-deal-0
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By Allison Lampert
MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters.
A contract between Delta and its pilots that came into effect on Thursday delivers a 34% pay increase over four years, driving pressure on other U.S. carriers to reach similar deals.
It is also galvanizing pilots at Canada's largest carrier. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said by email.
Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots. They could potentially begin salary talks as early as this year, or in 2024, the union said.
"Pilots in the U.S. have recently secured significant wage increases and other contractual improvements, creating an embarrassing gap with Canada," Charlene Hudy, a top ACPA union leader, said in a statement.
The talks come as North American carriers are collectively recruiting thousands of pilots to meet a rebound in travel demand following a pandemic-induced slump. Air Canada did not respond to a request for comment.
ACPA is in talks to possibly join the Air Line Pilots Association (ALPA), the world's largest pilots' union, representing more than 60,000 pilots.
ALPA Canada President Tim Perry said many U.S. carriers recognize the importance of crew to their business model "by providing improved wages and working conditions for their pilots, in most cases far surpassing those of their Canadian counterparts."
Some airline executives are concerned that hefty pilot pay raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets. Delta has forecast a hit on its earnings in the first quarter as the pilot deal is estimated to drive up operating costs.
Air Canada, which expects to return to 2019 levels of capacity next year, is also facing cost pressures.
Salary is also a priority for pilots in negotiations at Canada's second-largest carrier, WestJet.
U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots.
(Reporting by Allison Lampert in Montreal. Additional reporting by Rajesh Kumar Singh in Chicago Editing by Matthew Lewis and Susan Fenton)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. "Pilots in the U.S. have recently secured significant wage increases and other contractual improvements, creating an embarrassing gap with Canada," Charlene Hudy, a top ACPA union leader, said in a statement. ALPA Canada President Tim Perry said many U.S. carriers recognize the importance of crew to their business model "by providing improved wages and working conditions for their pilots, in most cases far surpassing those of their Canadian counterparts."
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said by email.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said by email.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots.
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2848.0
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2023-03-03 00:00:00 UTC
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Unusual Options Activity and Flow in American Airlines (AAL)
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AAL
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https://www.nasdaq.com/articles/unusual-options-activity-and-flow-in-american-airlines-aal
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O
n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00.
The following screenshot from Unusual Whales shows a large premium, bullish, contracts that are monthly and ask-side. The Bid-Ask is $0.69 - $0.75, the premium is $25K to $1.43M, open interest is at 46,906, and the volume is from 5,096 to 34,883.
You can see the full noteworthy options in AAL at Unusual Whales. It is vital to look at the whole flow to better conceptualize unusual options, which we will give a screenshot of below.
Looking at the historical flow, you can see further information. Seen above at the very top is the aforementioned chain’s historical volume of puts and calls, in red and green respectively, and the price in white. Seen in the middle is the price, in blue, gamma score, in purple, flow ratio, in green, and cumulative premium options effect, or COPE, in orange.
The Unusual Whales intraday analyst page shows further information, as well. Looking at intraday analyst page for today, you can see the most active chains and chains with the highest open interest, as well as the intraday options volume, with puts and calls being noted in red and green respectively.
To view more information about AAL daily flow breakdown, click here to visit unusualwhales.com.
Please note, as well, that the following information is not investment advice. Options are risky, and you can lose all or some of your investment. Do your own research before any investment, and see the full terms of Unusual Whales for details.
Unusual Whales does not confirm the information’s faithfulness or accuracy on the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment advisor with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00. You can see the full noteworthy options in AAL at Unusual Whales. To view more information about AAL daily flow breakdown, click here to visit unusualwhales.com.
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n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00. You can see the full noteworthy options in AAL at Unusual Whales. To view more information about AAL daily flow breakdown, click here to visit unusualwhales.com.
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n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00. You can see the full noteworthy options in AAL at Unusual Whales. To view more information about AAL daily flow breakdown, click here to visit unusualwhales.com.
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n March 3, 2023, among the underlying components of the Nasdaq, Unusual Whales saw unusual or noteworthy options trading volume and activity in American Airlines (AAL) 4/21 C $17.00. You can see the full noteworthy options in AAL at Unusual Whales. To view more information about AAL daily flow breakdown, click here to visit unusualwhales.com.
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2849.0
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2023-03-03 00:00:00 UTC
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Airline Stocks Look Ultra-Cheap, but Consider This Advice Before Buying
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AAL
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https://www.nasdaq.com/articles/airline-stocks-look-ultra-cheap-but-consider-this-advice-before-buying
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A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. Combine that with a surging global economy and China reopening, and it seems like a can't-miss investment. But Motley Fool contributors Jason Hall and Tyler Crowe see a potential threat to future profits investors should consider first. They explain it in detail in this video.
*Stock prices used were from the afternoon of Feb. 16, 2023. The video was published on March 3, 2023.
10 stocks we like better than United Airlines
When our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*
They just revealed what they believe are the ten best stocks for investors to buy right now... and United Airlines wasn't one of them! That's right -- they think these 10 stocks are even better buys.
See the 10 stocks
*Stock Advisor returns as of February 8, 2023
Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool recommends Delta Air Lines and Southwest Airlines. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. But Motley Fool contributors Jason Hall and Tyler Crowe see a potential threat to future profits investors should consider first. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. But Motley Fool contributors Jason Hall and Tyler Crowe see a potential threat to future profits investors should consider first. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
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A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. 10 stocks we like better than United Airlines When our award-winning analyst team has a stock tip, it can pay to listen. See the 10 stocks *Stock Advisor returns as of February 8, 2023 Jason Hall has no position in any of the stocks mentioned.
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A quick look at the price-to-earnings ratios for airline stocks including Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), Delta Airlines (NYSE: DAL), and United Airlines Holdings (NASDAQ: UAL) says these are dirt cheap. * They just revealed what they believe are the ten best stocks for investors to buy right now... and United Airlines wasn't one of them! See the 10 stocks *Stock Advisor returns as of February 8, 2023 Jason Hall has no position in any of the stocks mentioned.
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2850.0
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2023-03-03 00:00:00 UTC
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Air Canada pilots decry 'embarrassing' pay gap with U.S. after Delta deal
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AAL
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https://www.nasdaq.com/articles/air-canada-pilots-decry-embarrassing-pay-gap-with-u.s.-after-delta-deal
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nan
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nan
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By Allison Lampert
MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters.
A contract between Delta and its pilots that came into effect on Thursday delivers a 34% pay increase over four years, driving pressure on other U.S. carriers to reach similar deals.
It is also galvanizing pilots at Canada's largest carrier. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said in an email.
Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots. They could potentially begin salary talks as early as this year, or in 2024, the union said.
"Pilots in the U.S. have recently secured significant wage increases and other contractual improvements, creating an embarrassing gap with Canada," Charlene Hudy, a top ACPA union leader, said in a statement.
The talks come as North American carriers are collectively recruiting thousands of pilots to meet growing travel demand following a pandemic-induced slump.
ACPA is in talks to possibly join the Air Line Pilots Association (ALPA), the world's largest pilots' union, representing more than 60,000 pilots in the United States and Canada.
"We believe Canada’s pilots need to speak with one voice about our working conditions, which is one of the reasons we are currently in talks with ALPA," Hudy added.
ALPA and Air Canada were not immediately available for comment.
Some airline executives are concerned that hefty pilot pay raises will inflate fixed costs and make it tougher to repair debt-laden balance sheets. Delta has forecast a hit on its earnings in the first quarter as the pilot deal is estimated to drive up operating costs.
Air Canada, which expects to return to 2019 levels of capacity next year, is also facing cost pressures.
Salary is also a priority for pilots at Canada's second- largest carrier, WestJet, who are currently in bargaining.
U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots.
(Reporting by Allison Lampert in Montreal. Additional reporting by Rajesh Kumar Singh in Chicago Editing by Matthew Lewis)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. A contract between Delta and its pilots that came into effect on Thursday delivers a 34% pay increase over four years, driving pressure on other U.S. carriers to reach similar deals. "Pilots in the U.S. have recently secured significant wage increases and other contractual improvements, creating an embarrassing gap with Canada," Charlene Hudy, a top ACPA union leader, said in a statement.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said in an email.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Delta's latest hourly pay rates are up to 45% higher than current Air Canada hourly pay rates, the Air Canada Pilots Association (ACPA) said in an email.
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U.S. carriers American Airlines Group AAL.O and United Airlines UAL.O are also negotiating with their pilots. By Allison Lampert MONTREAL, March 3 (Reuters) - Air Canada AC.TO pilots are pressing for higher pay in the run-up to fresh contract talks, following recent gains secured by pilots at U.S. carrier Delta Air Lines DAL.N, union representatives told Reuters. Air Canada pilots have received a 2% wage increase per year, since 2014, said ACPA, which represents about 4,500 pilots.
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2851.0
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2023-03-03 00:00:00 UTC
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5 Reasons Why Investors Should Bet on Ryder (R) Stock Now
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AAL
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https://www.nasdaq.com/articles/5-reasons-why-investors-should-bet-on-ryder-r-stock-now
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nan
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Ryder System, Inc. R is benefiting from strong rental demand and favorable pricing. The company’s measures to reward its shareholders are encouraging.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes Ryder an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of Ryder have gained 34.1% over the past six months, outperforming the 22.1% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: Ryder currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions: The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for Ryder’s first-quarter 2023 earnings has moved up 1% year over year. For 2023 and 2024, the company’s earnings are expected to increase 2.9% and 18.2%, year over year, respectively.
Positive Earnings Surprise History: Ryder has an impressive earnings surprise history. The company delivered an earnings surprise of 21.81% in the last four quarters, on average.
Growth Factors: Ryder is benefiting from improving economic and freight conditions in the United States. Revenues at all segments grew (on higher rental revenues, new business and favorable pricing) in the fourth quarter of 2022. Ryder’s 2023 outlook is encouraging. For 2023, Ryder expects total revenues and operating revenues to increase 2% and 4%, respectively.
Adjusted EPS is estimated to be between $11.05 and $12.05. Ryder’s efforts to reward its shareholders bode well. In February 2022, the company entered a $300-million accelerated share buyback program. In July 2022, Ryder announced a 7% hike in its quarterly dividend, taking the total to 62 cents per share (annualized $2.48).
In the fourth quarter of 2022, Ryder repurchased 2 million shares for $179 million under its completed 2021 Discretionary program. Additionally, the company repurchased 0.9 million shares for $78 million under its 2021 Anti-Dilutive program. In February 2023, Ryder’s board approved a new 2-million share discretionary repurchase program.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1, while Alaska Air and American Airlines currently carry a Zacks Rank #2.
Copa Holdings has an expected earnings growth rate of 33.66% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 12.65% over the past 90 days. Shares of CPA have soared 7.2% over the past six months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 4.7% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Shares of AAL have gained 13% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ryder System, Inc. (R) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Ryder System, Inc. (R) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2852.0
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2023-03-03 00:00:00 UTC
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5 Broker-Friendly Stocks to Watch as Inflation Stays Hot
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AAL
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https://www.nasdaq.com/articles/5-broker-friendly-stocks-to-watch-as-inflation-stays-hot
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After making a strong start to the year, major indexes are slipping again and ended February in the red. The hotter-than-expected inflation reading for the month of January implies that inflation-related concerns are certainly not a thing of the past.
With inflation rising again, many market watchers believe that the central bank will resort to a 50-basis point hike in the March FOMC meeting as opposed to the 25-basis point hike witnessed in its February FOMC meeting.
Hotter-than-expected inflation has once again raised fears that the Fed might continue with its tight monetary control and interest rate hike policy for a longer- than-expected period. Higher interest rates shoot up the cost of borrowing, escalating the chances of an economic slowdown.
Inflationary woes primarily resulted in extreme market volatility and with rate hike worries getting stronger, such volatility is unlikely to dissipate any time soon. Does the current turbulence and economic uncertainty imply that investors should turn their backs on equities? The answer is an absolute no. So, what’s the way forward to reap handsome returns from one’s portfolio even during the current uncertainty?
One way to proceed in this scenario is by adhering to broker advice. By following this method, broker-friendly stocks like, American Airlines AAL, CVR Energy CVI, Beazer Homes USA BZH, Asbury Automotive ABG and Avnet AVT should be included in an investor’s watchlist for healthy returns.
Brokers, irrespective of their types (sell-side, buy-side or independent), undertake thorough research of the stocks covered by them. They have at their disposal a lot more information on a company and its prospects than individual investors. To attain their objective, they go through minute details of the publicly available financial documents apart from attending company conference calls and other presentations.
Since brokers follow the stocks in their coverage minutely, they revise their earnings estimates after carefully examining the pros and cons of an event for the concerned company. In fact, a rating upgrade or downgrade by brokers has the potential to immediately influence the price of the stock.
Given the expertise of brokers the field of investing, it is natural for investors to believe that there is a solid reason/logic behind brokers improving their recommendation on a particular stock. In fact, a rating upgrade generally leads to stock price appreciation and vice versa. Estimates can move north for a number of reasons — favorable earnings performance, a bullish guidance, product launch or any favorable macro scenario.
To take care of the earnings performance, we have designed a screen based on improving analyst recommendation and upward estimate revisions over the last four weeks.
Ignore the Top Line at Your Peril
To design a winning strategy, considering the bottom line alone is not prudent. In fact, according to some market watchers, a top-line outperformance is more creditable for a stock than a mere earnings beat under some circumstances.
Therefore, to make the strategy full-proof, one needs to address top-line concerns as well. We have considered the price/sales ratio, which serves as a strong complementary valuation metric, for screening stocks.
Screening Criteria
# (Up- Down Rating)/ Total (4 weeks) =Top #75: This gives the list of the top 75 companies that have witnessed net upgrades over the last 4 weeks.
% change in Q (1) est. (4 weeks) = Top #10: This gives the top 10 stocks that have witnessed earnings estimate revisions over the past 4 weeks for the upcoming quarter.
To ensure that the strategy is a winning one, covering all bases, we have added the following screening parameters:
Price-to-Sales = Bot%10: The lower the ratio the better, companies meeting this criteria are in the bottom 10% of our universe of over 7,700 stocks with respect to this ratio.
Price greater than 5: A stock trading below $5 will not likely create significant interest for most investors.
Average Daily Volume greater than 100,000 shares over the last 20 trading days: Volume has to be significant to ensure that these are easily traded.
Market value ($ mil) = Top #3000: This gives us stocks that are the top 3000 if one judges by market capitalization.
Com/ADR/Canadian= Com: This eliminates the ADR and Canadian stocks.
Here are five of the 10 stocks that made it through the screen:
American Airlines is based in Fort Worth, TX. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. However, high fuel costs are hurting the bottom line.
Over the past 60 days, the stock has seen the Zacks Consensus Estimate for 2023 earnings being revised 31.1% upward. AAL currently carries a Zacks Rank #2 (Buy).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
CVR Energy is an independent refiner and marketer of high-value transportation fuels. CVI is also a producer of ammonia and urea ammonia nitrate fertilizers. CVI's petroleum business includes a full-coking sour crude refinery in Coffeyville, KS. Its efforts to reward its shareholders underline its strong financial position. The robust Nitrogen Fertilizer unit is supporting growth.
CVR Energy, currently sporting a Zacks Rank #1, surpassed the Zacks Consensus Estimate in each of the past four quarters by an average of 40.85%. The Zacks Consensus Estimate for current-year earnings has improved 85% over the past 60 days.
Beazer Homes: This Atlanta, GA-based homebuilder designs, builds and sells single-family homes. BZH, currently carrying a Zacks Rank #3 (Hold), designs homes that appeal primarily to entry-level and first move-up homebuyers. BZH’s subsidiary, Beazer Mortgage, originates the mortgages for the company's homebuyers.
The company’s Balanced Growth strategy, higher pricing, lower sales incentives and a solid backlog level are expected to improve profitability. BZH has seen an upward estimate revision of 2.9% for current-year earnings over the past 60 days. This depicts analysts’ optimism about the company’s prospects.
Asbury: Asbury is one of the largest automotive retailers of new and used vehicles, and related services in the United States. The acquisition of Larry H. Miller Dealerships has bolstered Asbury’s regional footprint and strengthened its revenue base. ABG’s end-to-end e-commerce platform—Clicklane—is also anticipated to be an impressive revenue generator.
Asbury carries a Zacks Rank #3 presently. ABG surpassed the Zacks Consensus Estimate for earnings in each of the last four quarters. The average beat is 7.06%.
Avnet is benefiting from robust demand for its products across Asia, Europe, the Middle East and Africa regions. Improvement in the Americas also served as a tailwind. Its continued focus on boosting IoT capabilities is helping it expand in the newer markets and win customers. Moreover, cost-saving efforts are aiding profitability.
Avnet, currently carrying a Zacks Rank of 3, has an impressive surprise history, with its earnings surpassing the Zacks Consensus Estimate in each of the last four quarters, the average being 15.5%.
You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge.
The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.
Click here to sign up for a free trial to the Research Wizard today.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Avnet, Inc. (AVT) : Free Stock Analysis Report
CVR Energy Inc. (CVI) : Free Stock Analysis Report
Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By following this method, broker-friendly stocks like, American Airlines AAL, CVR Energy CVI, Beazer Homes USA BZH, Asbury Automotive ABG and Avnet AVT should be included in an investor’s watchlist for healthy returns. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. AAL currently carries a Zacks Rank #2 (Buy).
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By following this method, broker-friendly stocks like, American Airlines AAL, CVR Energy CVI, Beazer Homes USA BZH, Asbury Automotive ABG and Avnet AVT should be included in an investor’s watchlist for healthy returns. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report CVR Energy Inc. (CVI) : Free Stock Analysis Report Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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By following this method, broker-friendly stocks like, American Airlines AAL, CVR Energy CVI, Beazer Homes USA BZH, Asbury Automotive ABG and Avnet AVT should be included in an investor’s watchlist for healthy returns. Click to get this free report Avnet, Inc. (AVT) : Free Stock Analysis Report CVR Energy Inc. (CVI) : Free Stock Analysis Report Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Asbury Automotive Group, Inc. (ABG) : Free Stock Analysis Report To read this article on Zacks.com click here. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL.
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By following this method, broker-friendly stocks like, American Airlines AAL, CVR Energy CVI, Beazer Homes USA BZH, Asbury Automotive ABG and Avnet AVT should be included in an investor’s watchlist for healthy returns. The gradual increase in air-travel demand (particularly for leisure) is aiding AAL. AAL currently carries a Zacks Rank #2 (Buy).
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2853.0
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2023-03-03 00:00:00 UTC
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Here's Why You Should Retain Canadian Pacific (CP) Stock Now
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AAL
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https://www.nasdaq.com/articles/heres-why-you-should-retain-canadian-pacific-cp-stock-now-0
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Canadian Pacific Railway Limited CP is benefiting from an uptick in freight revenues which is expected to continue. However, escalated fuel costs, a primary headwind, are limiting its bottom-line growth.
Factors Favoring CP
With gradual recovery in freight-market conditions, freight revenues are increasing. It rose 21% year over year in fourth-quarter 2022 and contributed 98% to Canadian Pacific's top line.
In full-year 2022, freight revenues increased 10% despite headwinds like supply-chain woes. The upside was driven by increased freight revenues at key sub-groups like Grain (up 5%), Potash (up 25%), Forest products (up 16%), Metals, minerals and consumer products (up 21%), Automotive (up 16%) and Intermodal (up 30%).
Revenues at Fertilizers and sulfur sub-segment were up 9% year over year. In 2022, total freight revenues per revenue ton-miles rose 11%. Total freight revenues per carload increased 9% year over year.
We are encouraged by the company’s decision to pay dividends even in the current uncertain scenario. In 2022, CP shelled out dividends worth C$707 million, up 39.4% year over year.
Key Risks
Escalating fuel costs pose a threat to the company’s bottom line. Oil price is moving north, primarily because of supply concerns stemming from Russia-Ukraine war.
Notably, the railroad operator’s total operating expenses increased 9% to C$4,789 year over year in 2021, due to a 31% escalation in fuel costs. With increasing fuel costs operating expenses were high (up 15%) in 2022 as well. CP’s debt load is bothersome too.
Zacks Rank & Key Picks
Canadian Pacific currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is being aided by the improved air-travel-demand scenario. Operating revenues in fourth-quarter 2022 increased 39.3% year over year. Buoyant air-travel demand is also reflected by a 16.6% increase of total operating revenues from fourth-quarter 2019 (pre-COVID-19) levels despite 6.1% lower capacity.
Driven by soaring demand on healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
Alaska Air reported better-than-expected earnings per share in fourth-quarter 2022, driven by upbeat air-travel demand and favorable pricing.
Alaska Air expects to boost its fleet and workforce in 2023 to meet the anticipated high demand. ALK expects first-quarter 2023 total revenues to increase 29-32% from the first-quarter 2022 actuals. The Zacks Consensus Estimate for ALK’s current-year earnings has improved 12.4% over the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days. Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days. Click to get this free report Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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2854.0
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2023-03-02 00:00:00 UTC
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American Airlines (AAL) Gains But Lags Market: What You Should Know
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https://www.nasdaq.com/articles/american-airlines-aal-gains-but-lags-market%3A-what-you-should-know-9
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American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. This change lagged the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq lost 0.98%.
Heading into today, shares of the world's largest airline had lost 3.95% over the past month, lagging the Transportation sector's gain of 0.07% and the S&P 500's loss of 3.91% in that time.
American Airlines will be looking to display strength as it nears its next earnings release. On that day, American Airlines is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $12.25 billion, up 37.63% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $53.57 billion, which would represent changes of +330% and +9.38%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for American Airlines. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.46% higher within the past month. American Airlines currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that American Airlines has a Forward P/E ratio of 7.47 right now. This represents a discount compared to its industry's average Forward P/E of 12.9.
The Transportation - Airline industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Is THIS the Ultimate New Clean Energy Source? (4 Ways to Profit)
The world is increasingly focused on eliminating fossil fuels and ramping up use of renewable, clean energy sources. Hydrogen fuel cells, powered by the most abundant substance in the universe, could provide an unlimited amount of ultra-clean energy for multiple industries.
Our urgent special report reveals 4 hydrogen stocks primed for big gains - plus our other top clean energy stocks.
See Stocks Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Heading into today, shares of the world's largest airline had lost 3.95% over the past month, lagging the Transportation sector's gain of 0.07% and the S&P 500's loss of 3.91% in that time.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. Heading into today, shares of the world's largest airline had lost 3.95% over the past month, lagging the Transportation sector's gain of 0.07% and the S&P 500's loss of 3.91% in that time.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 18% of all 250+ industries.
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American Airlines (AAL) closed the most recent trading day at $16.12, moving +0.56% from the previous trading session. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. On that day, American Airlines is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%.
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2855.0
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2023-03-02 00:00:00 UTC
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Validea Guru Fundamental Report for AAL - 3/2/2023
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https://www.nasdaq.com/articles/validea-guru-fundamental-report-for-aal-3-2-2023
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry. The rating using this strategy is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: FAIL
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
More Information on Meb Faber
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
Additional Research Links
Factor-Based Stock Portfolios
Factor-Based ETF Portfolios
Harry Browne Permanent Portfolio
Ray Dalio All Weather Portfolio
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry.
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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Below is Validea's guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis More Information on Meb Faber Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber.
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2856.0
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2023-03-02 00:00:00 UTC
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Interesting AAL Put And Call Options For April 14th
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-for-april-14th
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new April 14th contracts and identified one put and one call contract of particular interest.
The put contract at the $15.50 strike price has a current bid of 67 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.50, but will also collect the premium, putting the cost basis of the shares at $14.83 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $15.82/share today.
Because the $15.50 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 4.32% return on the cash commitment, or 36.73% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for American Airlines Group Inc, and highlighting in green where the $15.50 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $16.00 strike price has a current bid of 81 cents. If an investor was to purchase shares of AAL stock at the current price level of $15.82/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $16.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.26% if the stock gets called away at the April 14th expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $16.00 strike highlighted in red:
Considering the fact that the $16.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 99%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 5.12% boost of extra return to the investor, or 43.50% annualized, which we refer to as the YieldBoost.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $15.82) to be 55%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
Also see:
BXC Historical Stock Prices
WBMD Options Chain
Institutional Holders of MELT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Of course, a lot of upside could potentially be left on the table if AAL shares really soar, which is why looking at the trailing twelve month trading history for American Airlines Group Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAL's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new April 14th contracts and identified one put and one call contract of particular interest.
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Below is a chart showing AAL's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new April 14th contracts and identified one put and one call contract of particular interest.
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At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new April 14th contracts and identified one put and one call contract of particular interest. Below is a chart showing AAL's trailing twelve month trading history, with the $16.00 strike highlighted in red: Considering the fact that the $16.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in American Airlines Group Inc (Symbol: AAL) saw new options begin trading today, for the April 14th expiration.
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2857.0
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2023-03-02 00:00:00 UTC
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United Parcel's (UPS) Dividends & Buyback Aid, Expenses Ail
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https://www.nasdaq.com/articles/united-parcels-ups-dividends-buyback-aid-expenses-ail
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United Parcel Service, Inc. UPS is benefiting from its shareholder-friendly initiatives. These initiatives not only instill investors’ confidence but also positively impact earnings per share.
The company recently reported fourth-quarter 2022 earnings of $3.62 per share beat the Zacks Consensus Estimate of $3.58 and improved 0.8% year over year. Revenues of $27,033 million fell short of the Zacks Consensus Estimate of $27,946.6 million and decreased 2.7% year over year.
United Parcel Service, Inc. Price, Consensus and EPS Surprise
United Parcel Service, Inc. price-consensus-eps-surprise-chart | United Parcel Service, Inc. Quote
How is United Parcel Placed?
UPS’ strong free cash flow-generating ability is encouraging, supporting its shareholder-friendly activities. In 2022, UPS generated a free cash flow of $9,038 million. Robust free cash flow generation by UPS is a major positive, leading to an uptick in shareholder-friendly activities. Notably, UPS paid dividends worth $5,114 million and repurchased shares worth $3,500 million in 2022. In 2023, UPS expects to make dividend payments of $5.4 billion and repurchase shares worth $3 billion.
Concurrent with the fourth-quarter 2022 earnings release, UPS’ board of directors raised its quarterly cash dividend to $1.62 per share, effective from the first quarter of 2023. This marked the 14th consecutive year of a dividend increase. The raised dividend will be paid out on Mar 10, 2023, to all its shareholders of record as of Feb 21, 2023. Additionally, UPS has approved a $5-billion share repurchase authorization, replacing the company’s existing authorization.
On the flip side, increase in operating expenses is a concern. Due to the 56.4% rise in fuel expenses, operating costs increased 3.3% in 2022.
Rising capital expenses further add to its woes. In 2022, UPS incuured $4,769 million of capital expenditures, up 13.7% year over year. The company now expects current-year capital expenditures to be $5.3 billion, well above 2022 level. The increased capex guidance, even though aimed at long-term benefits, may dent current-year profit margins.
Zacks Rank & Stocks to Consider
Currently, United Parcel carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1 (Strong Buy), while Alaska Air and American Airlines currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 33.66% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 12.65% over the past 90 days. Shares of CPA have soared 7.2% over the past six months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 4.7% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Shares of AAL have gained 13% over the past six months.
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United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report United Parcel Service, Inc. (UPS) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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2858.0
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2023-03-02 00:00:00 UTC
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Delta Air Lines' (DAL) 4-Year Contract With Pilots Ratified
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https://www.nasdaq.com/articles/delta-air-lines-dal-4-year-contract-with-pilots-ratified
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Delta Air Lines DAL received encouraging tidings on the labor front when the Delta Master Executive Council ("MEC"), represented by the Air Line Pilots Association, announced the ratification of a four-year deal pertaining to wage increase. Evidently, 96% of the eligible pilots participated in the voting procedure with 78% of them voting in favor of the deal.
The approval makes DAL’s 15,0000 pilots eligible for a 34% pay-raise over the next four years. This will increase DAL’s costs to the tune of about $7 billion. The pay-raise apart, the deal includes provisions aimed at improving pilots’ quality of life. The contract takes effect from today (Mar 2) and becomes amendable on Dec 31, 2026.
Expressing delight on the development, MEC chair Captain Darren Hartmann said “This industry-leading contract is the direct result of the Delta pilots’ unity and resolve. Despite a two-year delay in negotiations due to COVID, we never lost sight of our goal to obtain significant across-the-board enhancements to our pilot working agreement.”
With U.S. airlines grappling with pilot-shortage, the bargaining power of this group has naturally increased as air-travel demand is buoyant, having bounced back very strongly from the pandemic lows.
Zacks Rank & Key Picks
Delta currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is being aided by the improved air-travel-demand scenario. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. Buoyant air-travel demand is also reflected by the total operating revenue increase of 16.6% from the fourth-quarter 2019 (pre-COVID-19) levels despite 6.1% lower capacity.
Driven by soaring demand on healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27%, higher than the level recorded in first-quarter 2022. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
Alaska Air too is being aided by the buoyant air-travel-demand scenario. On the back of upbeat air-travel demand and favorable pricing, Alaska Air reported better-than-expected earnings per share in fourth-quarter 2022.
Alaska Air expects to boost its fleet and also workforce in 2023 to meet the anticipated high demand. ALK expects first-quarter 2023 total revenues to increase 29-32% from the first-quarter 2022 actuals. The Zacks Consensus Estimate for ALK’s current-year earnings has improved 12.4% over the past 60 days.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Click to get this free report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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2859.0
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2023-03-02 00:00:00 UTC
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AZUL Gears Up to Report Q4 Earnings: Here's What to Expect
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https://www.nasdaq.com/articles/azul-gears-up-to-report-q4-earnings%3A-heres-what-to-expect
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Azul, S.A. AZUL is scheduled to report fourth-quarter 2022 results on Mar 6, before market open.
Azul has failed to surprise its shareholders, with its earnings missing the Zacks Consensus Estimate in three of the four trailing quarters (beating on one instance). The negative earnings surprise for the four quarters was 8.7%, on average.
The Zacks Consensus Estimate for fourth-quarter earnings is currently pegged at a loss of 26 cents, which suggests a 55.2% increase from the year-ago reported figure. The earnings consensus of the company has been revised downward by more than 100% in the past 60 days.
AZUL Price, Consensus and EPS Surprise
AZUL price-consensus-eps-surprise-chart | AZUL Quote
Let’s look at the factors that are expected to influence the fourth-quarter earnings of AZUL.
Improved air travel demand can be expected to have boosted the top line of Azul. The Zacks Consensus Estimate for the company’s top line is currently pegged at $899 million, which is an increase of 34.5% from the year-ago reported figure.
The company’s revenues are expected to have been buoyed by upbeat passenger revenues with increasing air travel demand mainly on the domestic front. An uptick is also expected in the available seat kilometers, which measures the airline’s passenger carrying capacity. With the favorable movement of air traffic and capacity, the company is expected to witness a better load factor, which is the indicator of the airline’s capacity utilization.
The bottom line is expected to have suffered due to escalating operating expenses. The surging fuel prices are likely to have played the key role in such an increase.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for AZUL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks before they're reported with our Earnings ESP Filter.
Azul has an Earnings ESP of 0.00% and a Zacks Rank of 3.
Highlights of Q3
Azul incurred a loss (excluding $1.52 from non-recurring items) of 72 cents per share (loss of R$1.25) in the third quarter of 2022, wider than the Zacks Consensus Estimate of a loss of 68 cents. Loss per share, however, narrowed year over year. Total revenues of $835.6 million (R$4,376.8 million) missed the Zacks Consensus Estimate of $849 million but increased 60.7% year over year as air travel demand improved.
Here are some stocks from the Zacks Airline industry that have provided better-than-expected fourth-quarter 2022 earnings.
Alaska Air Group, Inc. ALK is being aided by the improved air travel demand situation. In the fourth quarter of 2022, ALK reported better-than-expected results. The company expects a 23-29% increase in the top line during the first quarter of 2023. ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023.
Alaska Air, currently holding a Zacks Rank of 2, has evidenced the Zacks Consensus Estimate of the company’s earnings being revised upward by 29.4% in the past 60 days.
United Airlines UAL, currently carrying a Zacks Rank of 2, is seeing a steady recovery in domestic and leisure air-travel demand. UAL was profitable in the fourth quarter of 2022 due to upbeat air travel demand. The fourth quarter was the third consecutive profitable quarter at UAL. Driven by solid demand, management expects total revenue per available seat mile to grow almost 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 50% year over year.
The Zacks Consensus Estimate for first-quarter 2023 has been revised upward by 270% in the past 60 days to 68 cents.
American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. The company reported earnings of $1.17 per share, outperforming the Zacks Consensus Estimate by 2.63%. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 332% on a year-over-year basis.
The Zacks Consensus Estimate for AAL’s current-year earnings per share has been revised upward by 31.1% in the past 60 days. The company currently holds a Zacks Rank of 2.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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See Stocks Now
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United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
AZUL (AZUL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report AZUL (AZUL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results.
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American Airlines AAL is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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2860.0
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2023-03-01 00:00:00 UTC
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The Zacks Analyst Blog Highlights Allegiant Travel Company, Copa Holdings, JetBlue Airways, American Airlines and Gol Linhas
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https://www.nasdaq.com/articles/the-zacks-analyst-blog-highlights-allegiant-travel-company-copa-holdings-jetblue-airways
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For Immediate Release
Chicago, IL – March 1, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Allegiant Travel Company ALGT, Copa Holdings CPA, JetBlue Airways JBLU, American Airlines AAL and Gol Linhas GOL.
Here are highlights from Tuesday’s Analyst Blog:
Airline Stock Roundup: ALGT, JBLU and More
In the past week, Allegiant Travel Company’s management announced that 27.2% more passengers (system-wide) were transported on various ALGT flights in January 2023 than in the previous year. The stronger-than-expected recovery in air-travel demand from the pandemic lows is leading to this rosy scenario pertaining to air traffic.
The upbeat air-travel demand scenario also resulted in Copa Holdings reporting better-than-expected earnings per share and revenues for fourth-quarter 2022. Fourth-quarter earnings-related updates were discussed in the previous write-up as well. JetBlue Airways was also in the news courtesy of its environmentally-friendly deal with the climate tech company, CHOOOSE.
Recap of the Latest Top Stories
1 In January 2023, Allegiant carried 1.20 million passengers in scheduled service, up 27.6% from the January 2022 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 27% and 5.5%, respectively, from the year-ago levels. Load factor (percentage of seats filled by passengers) increased 14.1 points to 83.2% in January 2023, as the traffic increase was greater than the capacity expansion. Moreover, scheduled departures increased 6.4% year over year.
In January 2023, Allegiant carried 27.2% more passengers (system-wide) than that in January 2022. Capacity increased 5.1% from the year-ago month’s reading. Departures (system-wide) improved 6.3% from the January 2022 actuals. The estimated average fuel cost per gallon for January was $3.75 (systemwide).
Currently, Allegiant carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. Copa Holdings’ fourth-quarter 2022 earnings of $4.49 per share surpassed the Zacks Consensus Estimate of $4.09 and rose more than 100% year over year. Revenues of $890.6 million beat the Zacks Consensus Estimate of $883.8 million and improved year over year on the back of passenger revenues.
Passenger revenues (contributed 95.6% to the top line) increased 29.5%, owing to higher yields (up 12.1%). Cargo and mail revenues jumped 69% to $27.09 million, owing to higher cargo volumes and yields. In January, CPA took delivery of one Boeing 737 MAX 9. It anticipates receiving one additional aircraft by the end of the first quarter.
3. JetBlue has partnered CHOOOSE to create a new online platform, which allows passengers to estimate the amount of carbon dioxide emissions from flights. To stop these harmful emissions, passengers can make financial contributions to fund the usage of environment-friendly sustainable aviation fuel (SAF) on JetBlue flights. When compared with traditional petroleum-based fuels, the usage of SAF can bring about an 80% reduction in lifecycle greenhouse gas emissions. In 2022, a mere 0.3% of JetBlue’s fuel consumed was SAF. JBLU aims to convert 10 % of its total fuel to SAF by 2030.
4. Recognizing American Airlines’ efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
Performance
Most airline stocks have traded in the red over the five trading days. The NYSE ARCA Airline Index has decreased 1.6% to $60.14. Over the course of the past six months, the NYSE ARCA Airline Index was almost flat.
What's Next in the Airline Space?
Investors await the fourth-quarter 2022 earnings report of the Latin American carrier Gol Linhas, scheduled to be out on Mar 8.
We expect GOL’s performance to have been aided by improved air-travel demand in Latin America. However, high fuel costs are likely to have impeded the bottom-line performance in the to-be-reported quarter.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recognizing American Airlines’ efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Stocks recently featured in the blog include: Allegiant Travel Company ALGT, Copa Holdings CPA, JetBlue Airways JBLU, American Airlines AAL and Gol Linhas GOL. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Stocks recently featured in the blog include: Allegiant Travel Company ALGT, Copa Holdings CPA, JetBlue Airways JBLU, American Airlines AAL and Gol Linhas GOL. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Recognizing American Airlines’ efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year.
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Stocks recently featured in the blog include: Allegiant Travel Company ALGT, Copa Holdings CPA, JetBlue Airways JBLU, American Airlines AAL and Gol Linhas GOL. Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Recognizing American Airlines’ efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year.
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AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year. Stocks recently featured in the blog include: Allegiant Travel Company ALGT, Copa Holdings CPA, JetBlue Airways JBLU, American Airlines AAL and Gol Linhas GOL. Recognizing American Airlines’ efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year.
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2861.0
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2023-03-01 00:00:00 UTC
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Botswana mining growth seen flat amid dim diamond outlook
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AAL
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https://www.nasdaq.com/articles/botswana-mining-growth-seen-flat-amid-dim-diamond-outlook
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nan
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GABORONE, March 1 (Reuters) - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday.
Overall mining output in 2022 rose by 8.2%. But this year, gains in copper and coal will not offset the decline in diamonds, for which Botswana is Africa's top producer.
Debswana, a joint venture between Botswana's government and Anglo American Plc's AAL.L De Beers, which produces almost all of Botswana's diamonds, registered an 8% growth in output in 2022 to 24.1 million carats. Diamond trading grew 41% in the year as Botswana also benefitted from Western buyers shunning stones from Russia following its invasion of Ukraine.
In 2023, Botswana expects diamond output to decline by 1%, while diamond trading growth is seen slowing to 7% from 41% last year.
“We see the diamond sector having a bit of a tough year due to an expected slowdown in consumer demand particularly in the USA, because of pressure on real income and consumption,” finance ministry senior policy advisor, Keith Jefferis told Reuters.
This will be partly offset by higher production expected from new copper mines as well as high demand for coal.
Khoemacau copper mine in the Kalahari Copperbelt is ramping up production to its nameplate capacity of 60,000 tonnes per annum, while another new mine in the same copper province, Sandfire Resources' SFR.AX Motheo, is set to start production during the year.
After registering record exports last year, Botswana’s two operating coal mines, state-owned Morupule and Minergy's MIN.BT Masama mine, are also looking at ramping up production to meet the current high global demand for coal.
Finance ministry estimates show that government expects mineral royalties to fall to 4,5 billion pula ($3.41 billion) in 2023, from 6.1 billion pula last year. Dividends due to the state will also decline to 11,3 billion pula from 15 billion pula in 2022.
($1 = 13.2100 pulas)
(Reporting by Brian Benza; Editing by Nelson Banya and Sharon Singleton)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Debswana, a joint venture between Botswana's government and Anglo American Plc's AAL.L De Beers, which produces almost all of Botswana's diamonds, registered an 8% growth in output in 2022 to 24.1 million carats. But this year, gains in copper and coal will not offset the decline in diamonds, for which Botswana is Africa's top producer. Diamond trading grew 41% in the year as Botswana also benefitted from Western buyers shunning stones from Russia following its invasion of Ukraine.
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Debswana, a joint venture between Botswana's government and Anglo American Plc's AAL.L De Beers, which produces almost all of Botswana's diamonds, registered an 8% growth in output in 2022 to 24.1 million carats. GABORONE, March 1 (Reuters) - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday. In 2023, Botswana expects diamond output to decline by 1%, while diamond trading growth is seen slowing to 7% from 41% last year.
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Debswana, a joint venture between Botswana's government and Anglo American Plc's AAL.L De Beers, which produces almost all of Botswana's diamonds, registered an 8% growth in output in 2022 to 24.1 million carats. GABORONE, March 1 (Reuters) - Botswana expects output from its mining sector to be flat this year, as the diamond industry loses its sparkle due to a contraction in consumer spending and weaker demand for diamond jewellery, a finance ministry official said on Wednesday. After registering record exports last year, Botswana’s two operating coal mines, state-owned Morupule and Minergy's MIN.BT Masama mine, are also looking at ramping up production to meet the current high global demand for coal.
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Debswana, a joint venture between Botswana's government and Anglo American Plc's AAL.L De Beers, which produces almost all of Botswana's diamonds, registered an 8% growth in output in 2022 to 24.1 million carats. But this year, gains in copper and coal will not offset the decline in diamonds, for which Botswana is Africa's top producer. In 2023, Botswana expects diamond output to decline by 1%, while diamond trading growth is seen slowing to 7% from 41% last year.
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2862.0
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2023-03-01 00:00:00 UTC
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Union Pacific (UNP) to Get New CEO Replacing Lance Fritz
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AAL
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https://www.nasdaq.com/articles/union-pacific-unp-to-get-new-ceo-replacing-lance-fritz
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nan
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nan
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Union Pacific UNP is looking for an appropriate successor to current CEO Lance Fritz. Fritz, who has been the company’s CEO since 2015 has decided to step down. The railroad operator intends to appoint Fritz’s successor during the course of the current year.
Expressing his gratitude, Fritz stated “It is my honor and privilege to serve this great company. I am proud of our team and all we have built together. Union Pacific has been my home for 22 years and I am confident that now is the right time for Union Pacific’s next leader to take the helm. I look forward to working with the Board as we identify our next CEO to lead the Company into the future.”
Even though UNP has tasted success in general during Fritz’s tenure at the helm, the past year has been a tough one due to headwinds like economic uncertainties and high costs. Shares of UNP have shed 17.8% of their value in a year’s time compared with its industry’s 10.6% decline in the same time frame.
Image Source: Zacks Investment Research
Last month, Union Pacific reported lower-than-expected earnings per share and revenues in the fourth quarter of 2022 due to high costs.
In fact, the hedge fund Soroban Capital Partners has reportedly been exerting constant pressure to replace Fritz as it holds the opinion that Fritz has lost confidence of shareholders, employees, customers and regulators.. Soroban has also alleged that UNP has lagged its peers in terms of every key railroad operating metric during Fritz’s tenure. Soroban owns roughly a $1.6 billion stake in UNP.
With an important stake holder calling for a change at the helm, it will be interesting to see who eventually replaces Fritz. UNP will be hoping that the successor is able to stem the downward movement of UNP shares and bring about a turnaround in its fortunes.
Zacks Rank & Key Picks
Union Pacific currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
American Airlines is being aided by the improved air-travel-demand scenario. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. Buoyant air-travel demand is also reflected by the total operating revenue increase of 16.6% from the fourth-quarter 2019 (pre-COVID-19) levels despite 6.1% lower capacity.
Driven by soaring demand on healthy bookings, management expects total unit revenues in the first quarter of 2023 to be roughly 24-27% higher than the level recorded in first-quarter 2022. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
Alaska Air too is being aided by the buoyant air-travel-demand scenario. On the back of upbeat air-travel demand and favorable pricing, Alaska Air reported better-than-expected earnings per share in fourth-quarter 2022.
Alaska Air expects to boost its fleet and also workforce in 2023 to meet the anticipated high demand. ALK expects first-quarter 2023 total revenues to increase 29-32% from the first-quarter 2022 actuals. The Zacks Consensus Estimate for ALK’s current-year earnings has improved 12.4% over the past 60 days.
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Union Pacific Corporation (UNP) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Click to get this free report Union Pacific Corporation (UNP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Click to get this free report Union Pacific Corporation (UNP) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year.
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Some better-ranked stocks in the Zacks Transportation sector are American Airlines AAL and Alaska Air Group ALK, both carrying a Zacks Rank #2 (Buy), presently. Owing to upbeat air-travel demand, operating revenues at AAL in fourth-quarter 2022 increased 39.3% year over year. The AAL stock has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 100% in the past 60 days.
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2863.0
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2023-02-28 00:00:00 UTC
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Airline Stock Roundup: ALGT's Rosy Traffic Report for January, CPA in Focus
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup%3A-algts-rosy-traffic-report-for-january-cpa-in-focus
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In the past week, Allegiant Travel Company’s ALGT management announced that 27.2% more passengers (system-wide) were transported on various ALGT flights in January 2023 than in the previous year. The stronger-than-expected recovery in air-travel demand from the pandemic lows is leading to this rosy scenario pertaining to air traffic.
The upbeat air-travel demand scenario also resulted in Copa Holdings CPA reporting better-than-expected earnings per share and revenues for fourth-quarter 2022. Fourth-quarter earnings-related updates were discussed in the previous write-up as well. JetBlue Airways JBLU was also in the news courtesy of its environmentally-friendly deal with the climate tech company, CHOOOSE.
Recap of the Latest Top Stories
1 In January 2023, Allegiant carried 1.20 million passengers in scheduled service, up 27.6% from the January 2022 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 27% and 5.5%, respectively, from the year-ago levels. Load factor (percentage of seats filled by passengers) increased 14.1 points to 83.2% in January 2023, as the traffic increase was greater than the capacity expansion. Moreover, scheduled departures increased 6.4% year over year.
In January 2023, Allegiant carried 27.2% more passengers (system-wide) than that in January 2022. Capacity increased 5.1% from the year-ago month’s reading. Departures (system-wide) improved 6.3% from the January 2022 actuals. The estimated average fuel cost per gallon for January was $3.75 (systemwide).
Currently, Allegiant carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
2. Copa Holdings’ fourth-quarter 2022 earnings of $4.49 per share surpassed the Zacks Consensus Estimate of $4.09 and rose more than 100% year over year. Revenues of $890.6 million beat the Zacks Consensus Estimate of $883.8 million and improved year over year on the back of passenger revenues.
Passenger revenues (contributed 95.6% to the top line) increased 29.5%, owing to higher yields (up 12.1%). Cargo and mail revenues jumped 69% to $27.09 million, owing to higher cargo volumes and yields. In January, CPA took delivery of one Boeing 737 MAX 9. It anticipates receiving one additional aircraft by the end of the first quarter.
3. JetBlue has partnered CHOOOSE to create a new online platform, which allows passengers to estimate the amount of carbon dioxide emissions from flights. To stop these harmful emissions, passengers can make financial contributions to fund the usage of environment-friendly sustainable aviation fuel (SAF) on JetBlue flights. When compared with traditional petroleum-based fuels, the usage of SAF can bring about an 80% reduction in lifecycle greenhouse gas emissions. In 2022, a mere 0.3% of JetBlue’s fuel consumed was SAF. JBLU aims to convert 10 % of its total fuel to SAF by 2030.
4. Recognizing American Airlines’ AAL efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
Image Source: Zacks Investment Research
The table above shows that most airline stocks have traded in the red over the five trading days. The NYSE ARCA Airline Index has decreased 1.6% to $60.14. Over the course of the past six months, the NYSE ARCA Airline Index was almost flat.
What's Next in the Airline Space?
Investors await the fourth-quarter 2022 earnings report of the Latin American carrier Gol Linhas GOL, scheduled to be out on Mar 8.
We expect GOL’s performance to have been aided by improved air-travel demand in Latin America. However, high fuel costs are likely to have impeded the bottom-line performance in the to-be-reported quarter.
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JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Recognizing American Airlines’ AAL efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide. AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Recognizing American Airlines’ AAL efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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Click to get this free report JetBlue Airways Corporation (JBLU) : Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL) : Free Stock Analysis Report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Recognizing American Airlines’ AAL efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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AAL used 2 million gallons of SAF in 2022, thereby doubling its usage year over year. Recognizing American Airlines’ AAL efforts to reduce carbon dioxide emissions, Air Transport World named AAL as the 2023 Eco-Airline of the year. Owing to its environmentally-friendly attitude, AAL has improved its fuel efficiency by more than 10% since 2013, in turn saving 1.9 billion gallons of fuel and preventing 19 million metric tons of carbon dioxide.
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2864.0
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2023-02-28 00:00:00 UTC
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Should You Take a Cruise in Royal Caribbean Stock?
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AAL
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https://www.nasdaq.com/articles/should-you-take-a-cruise-in-royal-caribbean-stock
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nan
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Cruise operator Royal Caribbean Group Ltd. (NYSE: RCL) is experiencing a record WAVE season, typically the first few months of the year when customers take advantage of cruise promotions. The seven biggest booking weeks in the company's history have occurred since November 2022.
Many industries like technology, feed delivery, and consumer discretionary are experiencing normalization pullbacks from the surge in pandemic business.
However, the travel and leisure industry continues to experience positive normalization back to and above pre-pandemic levels.
Discretionary Spending Shifts From Goods to Services
While high inflation and macroeconomic uncertainty have caused consumers to pull back on discretionary spending, it’s been shifted from goods to services. Rather than buy apparel and electronics, consumers are opting to spend on travel and leisure experiences. These tend to be booked ahead of time, as Airbnb Inc. (NASDAQ: ABNB) noted that guests are booking further in advance for more extended stays.
Airlines are reporting record consumer demand as United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NYSE: DAL), and American Airlines Group Inc. (NYSE: AAL) all raised their guidance. However, if the economic climate unravels into a recession, it will impact discretionary spending on services as well.
Chipping Away the Red
On Feb. 7, 2023, Royal Caribbean released its fourth-quarter earnings for December 2022. The company reported an adjusted EPS loss of $1.12, beating consensus analyst estimates for a loss of $1.34 by $0.22. GAAP net loss was $500.2 million or $1.96 per share. Revenues climbed 165% year-over-year (YoY) to $2.6 billion, missing consensus analyst estimates of $2.61 billion. Total revenues per passenger grew 3.5% and 4.5% in constant currency compared to Q4 2019.
Booking demand for 2023 as Q4 booking demand was significantly higher than pre-COVID Q4 2019. The momentum continued into 2023, setting up for a record-breaking WAVE season. Consumer spending, both onboard and pre-cruise purchases, continue surpassing prior years as guests absorb higher prices for participation, indicating healthy future demand.
Royal Caribbean CEO Jason Liberty commented, "We are experiencing a record-breaking WAVE season, resulting in a booked position approaching previous record highs and higher prices. This, along with the normalization of our booking window, provides the visibility for us to provide annual guidance, which is in line with our Trifecta program."
Forecasting Full-Year 2023 Profitability
Royal Caribbean provided in-line guidance for Q1 2023 with EPS losses between $0.65 to $0.85 versus $0.80 consensus analyst estimates. Full-year 2023 is expected to produce adjusted EPS profit between $3.00 to $3.60 compared to $3.32 consensus analyst estimates. Net cruise costs (NCC) minus fuel costs are expected to rise 8.3% as reported and 8.5% in constant currency compared to 2019. This includes 320 bps of additional structure costs, lagging transitional costs, and timing of expenses.
Analyst Reactions
Bank of America upgraded shares of RCL to Neutral with a $78 price target from Underperform and a $40 price target. Analyst Andrew Didora feels balance sheet risk has become more balance. The WAVE booking season is off to the strongest start based on capacity-weighted sequential pricing increases, with Royal Caribbean up 3.1%, Carnival Co. & plc (NYSE: CCL) up 1.4%, and Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) up 0.9%. He noted, “Over the past six pricing surveys, RCL has performed on average the best out of the three cruise lines. Overall industry pricing in 2023 was +2.6% while 2024 was +0.5% higher sequentially."
Wells Fargo analyst Daniel Politzer expects China re-opening to be a longer-term tailwind for Royal Caribbean and Carnival, “With China travel resuming and the cruise industry recovering, we estimate RCL and CCL reallocating pre-COVID levels of capacity back to China (6% and 4%, respectively) could support higher yields equating to +$6/share for RCL and +$1/share for CCL.”
Livermore Accumulation Cylinder
The weekly candlestick chart on RCL resembles a rare but powerful Livermore Cylinder named after the infamous trader Jesse Livermore. RCL bottomed out at $31.19 in July 2022 and made higher highs and lows in a zig-zag pattern. This is an accumulation pattern with expanding non-parallel higher highs and higher lows that conclude with a significant breakout and blow-off top. The resolution of this pattern could land shares above $100, but it's also essential to pay attention if the lower trendline breaks down.
After a pullback to a new swing low at $47.91, RCL triggered the weekly market structure low (MSL) breakout through $55.14 in January 2023 as the weekly stochastic crossed back up through the 80-band. RCL continued to rally higher on six consecutive candlestick body highs, peaking at $76.30 before forming a weekly market structure high (MSH) sell trigger on a breakdown under $69.10.
The weekly 20-period exponential moving average (EMA) support is rising at $60.27, followed by the 50-period MA at $55.27. If shares trigger the MSH, an oscillation pullback may provide a favorable entry opportunity as long it makes a higher low. Pullback supports are $64.46, $61.37, $55.14 weekly MSL trigger, $52.42, and $47.91.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Airlines are reporting record consumer demand as United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NYSE: DAL), and American Airlines Group Inc. (NYSE: AAL) all raised their guidance. Consumer spending, both onboard and pre-cruise purchases, continue surpassing prior years as guests absorb higher prices for participation, indicating healthy future demand. Royal Caribbean CEO Jason Liberty commented, "We are experiencing a record-breaking WAVE season, resulting in a booked position approaching previous record highs and higher prices.
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Airlines are reporting record consumer demand as United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NYSE: DAL), and American Airlines Group Inc. (NYSE: AAL) all raised their guidance. Cruise operator Royal Caribbean Group Ltd. (NYSE: RCL) is experiencing a record WAVE season, typically the first few months of the year when customers take advantage of cruise promotions. Wells Fargo analyst Daniel Politzer expects China re-opening to be a longer-term tailwind for Royal Caribbean and Carnival, “With China travel resuming and the cruise industry recovering, we estimate RCL and CCL reallocating pre-COVID levels of capacity back to China (6% and 4%, respectively) could support higher yields equating to +$6/share for RCL and +$1/share for CCL.” Livermore Accumulation Cylinder The weekly candlestick chart on RCL resembles a rare but powerful Livermore Cylinder named after the infamous trader Jesse Livermore.
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Airlines are reporting record consumer demand as United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NYSE: DAL), and American Airlines Group Inc. (NYSE: AAL) all raised their guidance. Royal Caribbean CEO Jason Liberty commented, "We are experiencing a record-breaking WAVE season, resulting in a booked position approaching previous record highs and higher prices. The WAVE booking season is off to the strongest start based on capacity-weighted sequential pricing increases, with Royal Caribbean up 3.1%, Carnival Co. & plc (NYSE: CCL) up 1.4%, and Norwegian Cruise Line Holdings Ltd. (NASDAQ: NCLH) up 0.9%.
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Airlines are reporting record consumer demand as United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NYSE: DAL), and American Airlines Group Inc. (NYSE: AAL) all raised their guidance. Booking demand for 2023 as Q4 booking demand was significantly higher than pre-COVID Q4 2019. Net cruise costs (NCC) minus fuel costs are expected to rise 8.3% as reported and 8.5% in constant currency compared to 2019.
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2865.0
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2023-02-28 00:00:00 UTC
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Schneider (SNDR) Rides on Segmental Growth, Expenses Ail
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AAL
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https://www.nasdaq.com/articles/schneider-sndr-rides-on-segmental-growth-expenses-ail-1
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nan
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Schneider National, Inc. SNDR benefits from strength across its Truckload and Intermodal segments. Shares of Schneider have gained 18.7% over the past six months, outperforming the 3.2% rise of the industry it belongs to.
Image Source: Zacks Investment Research
The company recently reported fourth-quarter 2022 earnings of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents but declined 16% from the year-ago quarter’s levels. Operating revenues of $1,561.7 million lagged the Zacks Consensus Estimate of $1,678.5 million and fell 1% year over year. Revenues (excluding fuel surcharge) decreased 7% to $1,347.7 million.
How is Schneider Doing?
Solid performance in the Truckload and Intermodal segments is driving Schneider National’s top line, which increased 15.5% and 12.6%, respectively, year over year in 2022. The rise in Truckload revenues was owing to Midwest Logistics Systems’ revenues, effective yield management and dedicated new business growth. The Intermodal segment is benefiting from an improvement in revenues per order.
Efforts to reward its shareholders even in the current uncertain times is encouraging. To this end, in January 2022, the company's board approved a 14.3% hike in its quarterly cash dividend to 8 cents per share on its Class A and Class B common stock. Such moves instill investors’ confidence in the stock.
The company’s sound liquidity position is encouraging enough. Its cash and equivalents at the end of fourth-quarter 2022 totaled $385.7 million, higher than the long-term debt of $141.8 million. This indicates that it has enough cash to pay off its debt obligations.
On the flip side, rising operating expenses, mainly due to high purchased transportation costs and salaries, wages and benefits, can hurt the bottom line. Total operating expenses increased 18.3% year over year in 2022, with a 9.2% rise in purchased transportation costs and 19.7% growth in salaries, wages and benefits expenses.
Net capital expenditures increased 70.3% year over year to $461.7 million in 2022. For 2023, Schneider expects net capital expenditures to be between $525 million and $575 million. Rising capital expenditures does not bode well for the company.
Zacks Rank & Stocks to Consider
Currently, Schneider carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1 (Strong Buy), while Alaska Air and American Airlines currently carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Copa Holdings has an expected earnings growth rate of 33.66% for the current year. CPA delivered a trailing four-quarter earnings surprise of 33.35%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 12.65% over the past 90 days. Shares of CPA have soared 7.2% over the past six months.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 11.4% over the past 90 days. Shares of ALK have soared 4.7% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 40.5% over the past 90 days. Shares of AAL have gained 13% over the past six months.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Schneider National, Inc. (SNDR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Schneider National, Inc. (SNDR) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Schneider National, Inc. (SNDR) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA, Alaska Air Group, Inc. ALK and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2866.0
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2023-02-28 00:00:00 UTC
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Anglo seeks to invest in start-ups to cut steel CO2 emissions
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AAL
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https://www.nasdaq.com/articles/anglo-seeks-to-invest-in-start-ups-to-cut-steel-co2-emissions
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nan
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nan
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By Eric Onstad
LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday.
Anglo, along with EU-funded EIT Raw Materials, has launched a competition to find innovative small companies developing ways to reduce greenhouse gases from the global steel sector, which is responsible for 8% of all CO2 emissions.
EIT Raw Materials is implementing a European Union plan to provide the critical raw materials needed to meet the bloc's target of net zero greenhouse gas emissions by 2050.
As shareholders increase pressure on companies to pollute less, Anglo is by far the biggest company that EIT Raw Materials has worked with to develop technologies by drawing in entrepreneurs and more are expected to collaborate.
"The problems are so huge and manifold that many of the industry players can't cope with them anymore. On the other side, we really have the means to activate our network," Bernd Schaefer, managing director of EIT Raw Materials, said.
Anglo produces iron ore, the raw material to make steel, and under carbon accounting standards, a company is also responsible for indirect emissions from material it sells to others, known as Scope 3 emissions.
"We are looking not only at how we decarbonise our own operations, but also at how we can reduce the emissions of our broader value chain," Benny Oeyen, Anglo's executive head of market development, said.
Anglo, which produced 59.3 million tonnes of iron ore last year, aims to halve its Scope 3 indirect emissions by 2040.
Short-listed companies will be assessed by Anglo's decarbonised ventures team for potential investment and given access to the group's expertise.
EIT Raw Materials has a portfolio of about 300 start-up companies targeting a range of sectors, including exploration, processing, recycling and substitution.
The group bills itself as the world's largest innovation network in the raw materials sector, with nearly 1,000 sources, including 300 of its own members plus another 600 partners of the European Raw Materials Alliance.
These include universities, research institutes and companies and organisations straddling various sectors.
In the past, major companies had big research departments and did everything in-house, but the urgency of the green transformation requires new strategies, Schaefer said.
"There is a need to do things quicker so innovation needs to be re-engineered," he said.
(Reporting by Eric Onstad; editing by Barbara Lewis)
((eric.onstad@thomsonreuters.com; +44 20 7542 7093; Twitter https://twitter.com/reutersEricO; Reuters Messaging: eric.onstad.thomsonreuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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By Eric Onstad LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday. Anglo, along with EU-funded EIT Raw Materials, has launched a competition to find innovative small companies developing ways to reduce greenhouse gases from the global steel sector, which is responsible for 8% of all CO2 emissions. "We are looking not only at how we decarbonise our own operations, but also at how we can reduce the emissions of our broader value chain," Benny Oeyen, Anglo's executive head of market development, said.
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By Eric Onstad LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday. Anglo produces iron ore, the raw material to make steel, and under carbon accounting standards, a company is also responsible for indirect emissions from material it sells to others, known as Scope 3 emissions. Anglo, which produced 59.3 million tonnes of iron ore last year, aims to halve its Scope 3 indirect emissions by 2040.
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By Eric Onstad LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday. Anglo, along with EU-funded EIT Raw Materials, has launched a competition to find innovative small companies developing ways to reduce greenhouse gases from the global steel sector, which is responsible for 8% of all CO2 emissions. Anglo produces iron ore, the raw material to make steel, and under carbon accounting standards, a company is also responsible for indirect emissions from material it sells to others, known as Scope 3 emissions.
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By Eric Onstad LONDON, Feb 28 (Reuters) - Miner Anglo American AAL.L aims to invest in start-ups developing technology to cut carbon emissions from steel-making and lower the group's carbon footprint, it said on Tuesday. Anglo, along with EU-funded EIT Raw Materials, has launched a competition to find innovative small companies developing ways to reduce greenhouse gases from the global steel sector, which is responsible for 8% of all CO2 emissions. Anglo produces iron ore, the raw material to make steel, and under carbon accounting standards, a company is also responsible for indirect emissions from material it sells to others, known as Scope 3 emissions.
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2867.0
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2023-02-27 00:00:00 UTC
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FOCUS-Aviation industry turns to childcare, free iPhones to lure workers
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AAL
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https://www.nasdaq.com/articles/focus-aviation-industry-turns-to-childcare-free-iphones-to-lure-workers-0
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nan
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nan
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By Allison Lampert and Rajesh Kumar Singh
Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon.
Shortages of workers like baggage handlers and customer service agents led to long lines and delayed luggage during the peak summer travel season last year, marring the industry's recovery from the COVID-19 pandemic and spurring demand for new initiatives to attract workers.
"If you want people to work crazy shifts, in the middle of the night, in the middle of the day, you need to be able to accommodate their family life too," Thomas Romig, vice president at airport trade group Airports Council International, or ACI World, said of services like daycare.
"Airports are taking more actions to try and recruit, retain and train (or) upskill workers."
ACI, which has member airports around the world, is now preparing guidance for them on making jobs at 24-hour centers outside city cores more friendly to workers.
Part of the issue for the aviation industry is that low wages and taxing work have long made retaining staff at airports a challenge, a problem exacerbated by the pandemic and now, historically low unemployment rates. In the United States, the unemployment rate is at its lowest level in more than 53 years.
U.S. air transportation employment has recovered over the past year to above pre-pandemic levels. But the sector still needs to add jobs as U.S. air travel also rebounds - forecasts show it is set to rise again this year from pre-pandemic levels hit in 2022.
'DAYCARE IS COMING'
Job sweeteners are necessary because average pay for U.S. airport workers at just under $18 an hour drastically lags that of e-commerce employers like Amazon AMZN.O, which pay almost $33 an hour on average, according to ZipRecruiter.
Childcare programs have been one response. Apart from airports in California, they are not usually offered at North American airports. But that is changing.
The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property. The department, which has about 900 full-time positions, currently has 133 of 171 job openings still unfilled.
Since its launch, 37 airport workers have joined the program, which covers daycare costs partially. The city of Phoenix is also spending $1 million to develop a separate childcare facility next to the airport.
The effort is aimed at getting people back to work after the pandemic and helping the airport run smoothly, said Matthew Heil, the city department's special projects administrator.
At Kelowna International Airport in British Columbia, Canada, construction is underway for a daycare primarily for children of employees who work on airport property.
The project already helped retain one customer service agent, a single father who had considered leaving, said Phillip Elchitz, senior manager of airport operations.
"Now he knows the daycare is coming and he's not looking for (other) work anymore," Elchitz said. "That is exactly why we are doing this."
Cincinnati/Northern Kentucky International Airport is similarly weighing offering childcare on-site or nearby in a bid to offer attractive benefits to workers, said airport spokesperson Mindy Kershner.
Some California airports, which already offer daycare, are adding other services to make life easier for employees.
San Francisco in July will increase monthly subsidies offered to employees using public transit by more than 50% to $200, while a free shuttle is being piloted for workers who live further away, an airport spokesperson said.
Kelowna's airport is also considering shuttle service for hard-to-fill night or pre-dawn shifts when public transit is not available.
FREE CARS AND IPHONES
Airlines are facing similar struggles on the hiring front.
Delta Air Lines DAL.N is offering a $5,000 sign-on bonus for a ramp agent position - among the more taxing jobs in aviation - in Minneapolis. Other carriers such as United Airlines UAL.O and Alaska Airlines ALK.N are also trying to attract workers for ramp operations with signing bonuses, according to job postings.
Ground handling company Unifi, which provides labor and equipment to Delta, United, and Alaska Airlines, has seen costs to bring on new workers in tight labor markets rise as much as 60% from pre-pandemic levels, Unifi Chief Strategy Officer Ying McPherson said.
With Unifi's staff turnover rate above pre-pandemic levels, it has turned to incentive programs to retain talent, McPherson said.
For example, it last year gave away brand new cars to three employees and smartphones, including iPhones, to over 3,000 workers who met performance targets, a company spokesperson said. It is now offering emergency funds and sponsoring a program that allows employees to pay for purchases such as appliances and computers over time, the spokesperson added.
In some cases, airlines and aviation services companies are flying in workers and hosting them at local hotels for temporary assignments to avoid the costs of hiring additional staff in tighter labor markets, McPherson said.
Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered.
Unions argue the industry needs to do more to attract and retain workers, especially given practices like contract-flipping - work being transferred from one company to another - are common.
Yavar Qadri, a representative for Unifor, Canada's largest private sector union, says his salary was cut by 5% and he then lost dental benefits during two separate flips over the last 15 years while working as a security guard overnight for a contractor at Canada's largest airport in Toronto.
A security guard like Qadri would normally start on wages of C$15.55 an hour and hit just C$16.14 hourly after six years, according to Unifor, underscoring the dim pay rise prospects.
"People are working multiple jobs. Or they are trying to get a lot of overtime hours," added Qadri. "The whole scenario creates a very toxic atmosphere. Everybody is tired."
And then there are others - like Jared Barker, a 33-year-old baggage handler at Minneapolis–Saint Paul International Airport who quit and left the industry altogether last year after mass departures during the pandemic led to a heavier workload.
"It just burned me out," said Barker, who now works in insurance sales.
(Reporting by Allison Lampert in Montreal and Rajesh Kumar Singh in Chicago, additional reporting by Doyinsola Oladipo in New York, editing by Ben Klayman and Deepa Babington)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. By Allison Lampert and Rajesh Kumar Singh Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon. In some cases, airlines and aviation services companies are flying in workers and hosting them at local hotels for temporary assignments to avoid the costs of hiring additional staff in tighter labor markets, McPherson said.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. By Allison Lampert and Rajesh Kumar Singh Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon. Shortages of workers like baggage handlers and customer service agents led to long lines and delayed luggage during the peak summer travel season last year, marring the industry's recovery from the COVID-19 pandemic and spurring demand for new initiatives to attract workers.
|
Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. "If you want people to work crazy shifts, in the middle of the night, in the middle of the day, you need to be able to accommodate their family life too," Thomas Romig, vice president at airport trade group Airports Council International, or ACI World, said of services like daycare. The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property. Some California airports, which already offer daycare, are adding other services to make life easier for employees.
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2868.0
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2023-02-27 00:00:00 UTC
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6 Reasons Why Investors Should Invest in Ryanair (RYAAY) Now
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-investors-should-invest-in-ryanair-ryaay-now
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nan
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nan
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Ryanair Holdings plc RYAAY is benefiting from the improvement in traffic from the pandemic-led slump. Measures to expand its fleet and bring down debt levels are encouraging too.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes RYAAY an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of RYAAY have gained 29.1% over the past six months, outperforming the 7.8% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Zacks Rank: RYAAY has a Zacks Rank #1 (Strong Buy). Our research shows that stocks with a Zacks Rank #1 or 2 (Buy) offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for RYAAY’s 2023 and 2024 earnings has moved up 20.8% and 15.6%, year over year, respectively.
Positive Earnings Surprise History: RYAAY has an impressive earnings surprise history. The company delivered an earnings surprise of 7.51% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For 2023 and 2024, RYAAY’s earnings are expected to grow more than 100% and 1.93% year over year, respectively.
Growth Factors: An improvement in Ryanair’s traffic from the pandemic-led slump is encouraging. Ryanair now aims to increase its traffic in fiscal 2023 to 168 million, indicating 13% growth from the pre-COVID traffic numbers. The prior view was 165 million. Riding on the buoyant traffic scenario, RYAAY lifted its forecast for fiscal 2023 profitability.
Measures to expand its fleet to cater to the improvement in travel demand are encouraging. In fiscal 2022, the airline took delivery of 61 B737-8200 jets. It expects to have more than 70 of these jets in its fleet for the peak summer season. The remaining jets are expected to be delivered by the end of fiscal 2025. Efforts to bring down debt levels are encouraging too.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have gained 11.1% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 19.4% over the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. Click to get this free report Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2869.0
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2023-02-27 00:00:00 UTC
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Are Investors Undervaluing American Airlines (AAL) Right Now?
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AAL
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https://www.nasdaq.com/articles/are-investors-undervaluing-american-airlines-aal-right-now-0
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nan
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nan
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
American Airlines (AAL) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 7.09. This compares to its industry's average Forward P/E of 10.57. Over the last 12 months, AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.59.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. AAL has a P/S ratio of 0.21. This compares to its industry's average P/S of 0.52.
If you're looking for another solid Transportation - Airline value stock, take a look at Controladora Vuela Compania de Aviacion, B. de C.V (VLRS). VLRS is a # 2 (Buy) stock with a Value score of A.
Controladora Vuela Compania de Aviacion, B. de C.V sports a P/B ratio of 6.08 as well; this compares to its industry's price-to-book ratio of 4.54. In the past 52 weeks, VLRS's P/B has been as high as 8.19, as low as 3.69, with a median of 5.35.
These figures are just a handful of the metrics value investors tend to look at, but they help show that American Airlines and Controladora Vuela Compania de Aviacion, B. de C.V are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AAL and VLRS feels like a great value stock at the moment.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
American Airlines (AAL) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Over the last 12 months, AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.59.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. American Airlines (AAL) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. American Airlines (AAL) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
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American Airlines (AAL) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Over the last 12 months, AAL's Forward P/E has been as high as 9,493.45 and as low as -3,032.07, with a median of 11.59.
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2870.0
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2023-02-27 00:00:00 UTC
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FOCUS-Aviation industry turns to childcare, free iPhones to lure workers
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AAL
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https://www.nasdaq.com/articles/focus-aviation-industry-turns-to-childcare-free-iphones-to-lure-workers
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nan
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nan
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By Allison Lampert and Rajesh Kumar Singh
Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon.
Shortages of workers like baggage handlers and customer service agents led to long lines and delayed luggage during the peak summer travel season last year, marring the industry's recovery from the COVID-19 pandemic and spurring demand for new initiatives to attract workers.
"If you want people to work crazy shifts, in the middle of the night, in the middle of the day, you need to be able to accommodate their family life too," Thomas Romig, vice president at airport trade group Airports Council International, or ACI World, said of services like daycare.
"Airports are taking more actions to try and recruit, retain and train (or) upskill workers."
ACI, which has member airports around the world, is now preparing guidance for them on making jobs at 24-hour centers outside city cores more friendly to workers.
Part of the issue for the aviation industry is that low wages and taxing work have long made retaining staff at airports a challenge, a problem exacerbated by the pandemic and now, historically low unemployment rates. In the United States, the unemployment rate is at its lowest level in more than 53 years.
U.S. air transportation employment has recovered over the past year to above pre-pandemic levels. But the sector still needs to add jobs as U.S. air travel also rebounds - forecasts show it is set to rise again this year from pre-pandemic levels hit in 2022.
'DAYCARE IS COMING'
Job sweeteners are necessary because average pay for U.S. airport workers at just under $18 an hour drastically lags that of e-commerce employers like Amazon AMZN.O, which pay almost $33 an hour on average, according to ZipRecruiter.
Childcare programs have been one response. Apart from airports in California, they are not usually offered at North American airports. But that is changing.
The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property. The department currently has 133 of 171 jobs vacant.
Since its launch, 37 airport workers have joined the program, which covers daycare costs partially. The city of Phoenix is also spending $1 million to develop a separate childcare facility next to the airport.
The effort is aimed at getting people back to work after the pandemic and helping the airport run smoothly, said Matthew Heil, the city department's special projects administrator.
At Kelowna International Airport in British Columbia, Canada, construction is underway for a daycare primarily for children of employees who work on airport property.
The project already helped retain one customer service agent, a single father who had considered leaving, said Phillip Elchitz, senior manager of airport operations.
"Now he knows the daycare is coming and he's not looking for (other) work anymore," Elchitz said. "That is exactly why we are doing this."
Cincinnati/Northern Kentucky International Airport is similarly weighing offering childcare on-site or nearby in a bid to offer attractive benefits to workers, said airport spokesperson Mindy Kershner.
Some California airports, which already offer daycare, are adding other services to make life easier for employees.
San Francisco in July will increase monthly subsidies offered to employees using public transit by more than 50% to $200, while a free shuttle is being piloted for workers who live further away, an airport spokesperson said.
Kelowna's airport is also considering shuttle service for hard-to-fill night or pre-dawn shifts when public transit is not available.
FREE CARS AND IPHONES
Airlines are facing similar struggles on the hiring front.
Delta Air Lines DAL.N is offering a $5,000 sign-on bonus for a ramp agent position - among the more taxing jobs in aviation - in Minneapolis. Other carriers such as United Airlines UAL.O and Alaska Airlines ALK.N are also trying to attract workers for ramp operations with signing bonuses, according to job postings.
Ground handling company Unifi, which provides labor and equipment to Delta, United, and Alaska Airlines, has seen costs to bring on new workers in tight labor markets rise as much as 60% from pre-pandemic levels, Unifi Chief Strategy Officer Ying McPherson said.
With Unifi's staff turnover rate above pre-pandemic levels, it has turned to incentive programs to retain talent, McPherson said.
For example, it last year gave away brand new cars to three employees and smartphones, including iPhones, to over 3,000 workers who met performance targets, a company spokesperson said. It is now offering emergency funds and sponsoring a program that allows employees to pay for purchases such as appliances and computers over time, the spokesperson added.
In some cases, airlines and aviation services companies are flying in workers and hosting them at local hotels for temporary assignments to avoid the costs of hiring additional staff in tighter labor markets, McPherson said.
Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered.
Unions argue the industry needs to do more to attract and retain workers, especially given practices like contract-flipping - work being transferred from one company to another - are common.
Yavar Qadri, a representative for Unifor, Canada's largest private sector union, says his salary was cut by 5% and he then lost dental benefits during two separate flips over the last 15 years while working as a security guard overnight for a contractor at Canada's largest airport in Toronto.
A security guard like Qadri would normally start on wages of C$15.55 an hour and hit just C$16.14 hourly after six years, according to Unifor, underscoring the dim pay rise prospects.
"People are working multiple jobs. Or they are trying to get a lot of overtime hours," added Qadri. "The whole scenario creates a very toxic atmosphere. Everybody is tired."
And then there are others - like Jared Barker, a 33-year-old baggage handler at Minneapolis–Saint Paul International Airport who quit and left the industry altogether last year after mass departures during the pandemic led to a heavier workload.
"It just burned me out," said Barker, who now works in insurance sales.
(Reporting by Allison Lampert in Montreal and Rajesh Kumar Singh in Chicago, additional reporting by Doyinsola Oladipo in New York, editing by Ben Klayman and Deepa Babington)
((Allison.Lampert@thomsonreuters.com; 514-796-4212; Reuters Messaging: allison.lampert.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. By Allison Lampert and Rajesh Kumar Singh Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon. In some cases, airlines and aviation services companies are flying in workers and hosting them at local hotels for temporary assignments to avoid the costs of hiring additional staff in tighter labor markets, McPherson said.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. By Allison Lampert and Rajesh Kumar Singh Feb 27 (Reuters) - The North American aviation industry is wooing workers with daycare centers, cheaper transport and free iPhones to compete in a tight market where salaries for entry-level, low-skilled jobs often lag those at e-commerce companies like Amazon. Shortages of workers like baggage handlers and customer service agents led to long lines and delayed luggage during the peak summer travel season last year, marring the industry's recovery from the COVID-19 pandemic and spurring demand for new initiatives to attract workers.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. "If you want people to work crazy shifts, in the middle of the night, in the middle of the day, you need to be able to accommodate their family life too," Thomas Romig, vice president at airport trade group Airports Council International, or ACI World, said of services like daycare. The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property.
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Facility services and management specialist Grupo Eulen, which works with carriers like American Airlines AAL.O, estimates wages for ground handlers will rise around 6% to 8% this year, although fewer hiring bonuses are being offered. The city of Phoenix's aviation department, which runs the Phoenix Sky Harbor International Airport, has launched a childcare program for airport workers and plans to build a childcare facility on airport property. Some California airports, which already offer daycare, are adding other services to make life easier for employees.
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2871.0
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2023-02-24 00:00:00 UTC
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Here's Why You Should Hold Allegiant (ALGT) in Your Portfolio
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AAL
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https://www.nasdaq.com/articles/heres-why-you-should-hold-allegiant-algt-in-your-portfolio
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nan
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Allegiant Travel Company ALGT is benefiting from buoyant air-travel demand.
The company reported fourth-quarter 2022 earnings (excluding 30 cents from non-recurring items) of $3.17 per share, outperforming the Zacks Consensus Estimate of 79 cents per share. The company reported earnings of $1.18 per share a year ago. Buoyant demand for air travel and operational improvements supported the earnings uptick.
Operating revenues of $611.55 million beat the Zacks Consensus Estimate of $578.32 million and increased 23% on a year-over-year basis. Passenger revenues, which accounted for the bulk (92.6%) of the top line, increased by around 25% on a year-over-year basis. Upbeat air-travel demand can be correlated with such an increase.
We are also impressed by the company's efforts to modernize its fleet. The company expects to expand its fleet size to 127 at 2023-end from 121 at the end of 2022.
A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past three months. Shares of Allegiant have gained 25.6% over the past three months, outperforming the 2.2% rise of the industry it belongs to.
Image Source: Zacks Investment Research
On the flip side, escalating fuel costs are limiting bottom-line growth. In fourth-quarter 2022, the average fuel cost per gallon (scheduled) increased 44.8% to $3.59, in line with the guidance provided. For 2023, fuel cost per gallon is expected to be $3.60. Operating cost per available seat miles, excluding fuel, increased 7.2% year over year to 7.76 cents.
Interest expenses are expected to be in the range of $150-$160 million, up from $115.7 million in 2022. Higher interest expense also does not bode well for the company.
Zacks Rank and Stocks to Consider
Currently, Allegiant carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have soared 11.1% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 19.4% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Some better-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Some better-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Some better-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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Some better-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2872.0
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2023-02-24 00:00:00 UTC
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Allegiant (ALGT) Shares Rise 20.5% in a Month: Here's Why
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AAL
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https://www.nasdaq.com/articles/allegiant-algt-shares-rise-20.5-in-a-month%3A-heres-why
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Allegiant Travel Company ALGT is being aided by the upbeat air travel demand scenario in the United States. Owing to increased passenger volumes, ALGT recently reported buoyant traffic data for January.
In January 2023, Allegiant carried 1.20 million passengers in scheduled service, up 27.6% from the January 2022 actuals. Revenue passenger miles (a measure of traffic) and available seat miles (a measure of capacity) increased 27% and 5.5%, respectively, from the year-ago levels. Load factor (percentage of seats filled by passengers) increased 14.1 points to 83.2% in January 2023, as the traffic increase was greater than the capacity expansion. Moreover, scheduled departures increased 6.4% year over year.
In January 2023, Allegiant carried 27.2% more passengers (system-wide) than that in January 2022. Capacity increased 5.1% from the year-ago month’s reading. Departures (system-wide) improved 6.3% from the January 2022 actuals. The estimated average fuel cost per gallon for January was $3.75 (systemwide).
Apart from the upbeat traffic report, Allegiant, currently carrying a Zacks Rank #3 (Hold), was in the news recently due to its stellar fourth-quarter 2022 earnings report. Allegiant’s fourth-quarter 2022 earnings (excluding 30 cents from non-recurring items) of $3.17 per share surpassed the Zacks Consensus Estimate of 79 cents per share. Buoyant demand for air travel, along with operational improvements, supported the earnings uptick.
Operating revenues of $611.55 million beat the Zacks Consensus Estimate of $578.32 million and increased 23% on a year-over-year basis. Passenger revenues, which accounted for the bulk (92.6%) of the top line, increased around 25% on a year-over-year basis.
The above-mentioned events are responsible for the ALGT stock gaining 20.5% in a month. The industry to which Allegiant belongs has depreciated 5.5% in the same time period.
Image Source: Zacks Investment Research
Investors interested in the above industry may consider the following better-ranked stocks:
American Airlines AAL is also being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 332% on a year-over-year basis.
American Airlines, currently carrying a Zacks Rank #2 (Buy), has evidenced the Zacks Consensus Estimate for first-quarter 2023 earnings being revised upward by 103.2% in the past 60 days. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
United Airlines UAL, currently carrying a Zacks Rank #2, is seeing steady recovery in domestic and leisure air-travel demand. On the back of upbeat air-travel demand, UAL was profitable in the fourth quarter of 2022. The fourth quarter was the third consecutive profitable quarter at UAL.
Driven by solid demand, management expects total revenue per available seat mile to grow 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow 50% year over year. The Zacks Consensus Estimate for UAL’s first-quarter 2023 has been revised upward by 270% in the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Image Source: Zacks Investment Research Investors interested in the above industry may consider the following better-ranked stocks: American Airlines AAL is also being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. Image Source: Zacks Investment Research Investors interested in the above industry may consider the following better-ranked stocks: American Airlines AAL is also being aided by the improved air travel demand situation.
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Image Source: Zacks Investment Research Investors interested in the above industry may consider the following better-ranked stocks: American Airlines AAL is also being aided by the improved air travel demand situation. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Allegiant Travel Company (ALGT) : Free Stock Analysis Report To read this article on Zacks.com click here. In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%.
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In the fourth quarter of 2022, AAL reported earnings of $1.17 per share, surpassing the Zacks Consensus Estimate by 2.63%. Image Source: Zacks Investment Research Investors interested in the above industry may consider the following better-ranked stocks: American Airlines AAL is also being aided by the improved air travel demand situation. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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2873.0
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2023-02-24 00:00:00 UTC
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American Airlines (AAL) Dips More Than Broader Markets: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-dips-more-than-broader-markets%3A-what-you-should-know-8
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In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. This change lagged the S&P 500's daily loss of 1.05%. At the same time, the Dow lost 1.02%, and the tech-heavy Nasdaq lost 1.64%.
Coming into today, shares of the world's largest airline had lost 4.46% in the past month. In that same time, the Transportation sector lost 0.07%, while the S&P 500 gained 0.01%.
American Airlines will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.01, up 100.43% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.25 billion, up 37.67% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $53.57 billion, which would represent changes of +332% and +9.38%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for American Airlines. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 21.55% higher. American Airlines is holding a Zacks Rank of #2 (Buy) right now.
Looking at its valuation, American Airlines is holding a Forward P/E ratio of 7.34. This valuation marks a discount compared to its industry's average Forward P/E of 12.66.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $53.57 billion, which would represent changes of +332% and +9.38%, respectively, from the prior year.
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In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. For the full year, our Zacks Consensus Estimates are projecting earnings of $2.16 per share and revenue of $53.57 billion, which would represent changes of +332% and +9.38%, respectively, from the prior year.
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In the latest trading session, American Airlines (AAL) closed at $15.56, marking a -1.95% move from the previous day. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines is holding a Zacks Rank of #2 (Buy) right now.
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2874.0
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2023-02-24 00:00:00 UTC
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Here's Why You Should Invest in Alaska Air Group (ALK) Stock
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AAL
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https://www.nasdaq.com/articles/heres-why-you-should-invest-in-alaska-air-group-alk-stock
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The continuous improvement of air travel demand along with appropriate pricing is favoring Alaska Air Group ALK.
Let’s delve into the factors that make it an investment-worthy stock.
Earnings Expectations:
Earnings growth often indicates a company’s prospects. For first-quarter 2023, ALK’s earnings are expected to register 72.9% growth on a year-over-year basis. For full-year 2023 & 2024, the company’s earnings are expected to go up by 32.6% and 19.9% on a year-over-year basis, respectively.
The Zacks Consensus Estimate for the company’s earnings is pegged at a loss of 36 cents for first-quarter 2023 and at $5.77 for the full year. This has been revised upward by 29.4% and 12% respectively in the past 60 days. The favorable estimate revision reflects brokers’ confidence in the stock.
Price performance:
ALK has outperformed the Zacks Airline industry in the past six months. The stock has risen 3.3% compared with the industry's growth of 2.7% in the same time frame.
Image Source: Zacks Investment Research
Earnings History
ALK has a stellar earning surprise history having beaten the Zacks Consensus Estimate for earnings in all four trailing quarters. The average surprise is 9%.
Bullish Industry Rank:
The industry to which Alaska Air Group belongs currently has a Zacks Industry Rank of 48 (of 250 plus groups). Such a solid rank places the industry in the top 19% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group it belongs to.
In fact, a mediocre stock in a healthy group is likely to outperform a robust stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Attractive Rank & Style Score
ALK currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Positive Factors
The improved air travel demand seems to benefit ALK and the effect of the same is visible in the recent fourth-quarter earnings of the company. The company reported earnings of 92 cents per share, outperforming the Zacks Consensus Estimate by 2.2%. The top line increased by 31% on a year-over-year basis, thanks to a 91% increase in passenger revenues.
The company expects a 23-29% increase in the top line of the company during the first quarter of 2023. ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023.
The company has also taken noteworthy steps to attract customers. One such major step includes the Flight Pass subscription service whereby customers are allowed to earn miles and book flights in advance with no blackout dates.
The airline has also been taking steps to modernize its fleet. In March 2022, the company modified its Boeing order to include the bigger MAX 10s and longer-range MAX 8s. The carrier’s contract consists of 145 firm orders and options for Boeing 737-9 aircraft, scheduled for delivery between 2021 and 2026.
As a shareholder-friendly move, the airline will resume share buybacks shortly, following the lifting of restrictions under the CARES Act.Repurchases are anticipated to lie between $75 million and $100 million in 2023.
Other Stocks to Consider
Investors interested in the Zacks Airline industry may also consider the following stocks:
American Airlines (AAL) is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. The company reported earnings of $1.17 per share, outperforming the Zacks Consensus Estimate by 2.63%. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 332% on a year-over-year basis.
The Zacks consensus for the company’s earnings is pegged at 1 cent for first-quarter 2023 and $2.16 for the full year. This has been revised upward by 103.2% and 31.7%, respectively, in the past 60 days. The company currently holds a Zacks Rank of 2.
United Airlines (UAL) currently carrying a Zacks Rank of 2, is seeing a steady recovery in domestic and leisure air travel demand. On the back of upbeat air-travel demand, UAL was profitable in the fourth quarter of 2022. The fourth quarter was the third consecutive profitable quarter at UAL. Driven by solid demand, management expects total revenue per available seat mile (TRASM) to grow almost 25% year over year for the first quarter of 2023. Total revenues are anticipated to grow almost 50% year over year.
The Zacks Consensus Estimate of the company for first-quarter 2023 has been revised upward by 270% in the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider the following stocks: American Airlines (AAL) is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider the following stocks: American Airlines (AAL) is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider the following stocks: American Airlines (AAL) is being aided by the improved air travel demand situation. Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. In the fourth quarter of 2022, AAL reported better-than-expected results.
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Other Stocks to Consider Investors interested in the Zacks Airline industry may also consider the following stocks: American Airlines (AAL) is being aided by the improved air travel demand situation. In the fourth quarter of 2022, AAL reported better-than-expected results. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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2875.0
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2023-02-24 00:00:00 UTC
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Is American Airlines (AAL) Stock Outpacing Its Transportation Peers This Year?
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AAL
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https://www.nasdaq.com/articles/is-american-airlines-aal-stock-outpacing-its-transportation-peers-this-year-0
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The Transportation group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question.
American Airlines is a member of the Transportation sector. This group includes 136 individual stocks and currently holds a Zacks Sector Rank of #15. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. American Airlines is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 52.9% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, AAL has returned 24.8% so far this year. Meanwhile, stocks in the Transportation group have gained about 6.5% on average. This means that American Airlines is outperforming the sector as a whole this year.
Another stock in the Transportation sector, Ardmore Shipping (ASC), has outperformed the sector so far this year. The stock's year-to-date return is 26.7%.
In Ardmore Shipping's case, the consensus EPS estimate for the current year increased 51.4% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, American Airlines belongs to the Transportation - Airline industry, a group that includes 29 individual companies and currently sits at #56 in the Zacks Industry Rank. Stocks in this group have gained about 12.4% so far this year, so AAL is performing better this group in terms of year-to-date returns.
In contrast, Ardmore Shipping falls under the Transportation - Shipping industry. Currently, this industry has 41 stocks and is ranked #196. Since the beginning of the year, the industry has moved +17.5%.
American Airlines and Ardmore Shipping could continue their solid performance, so investors interested in Transportation stocks should continue to pay close attention to these stocks.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 52.9% higher. Based on the most recent data, AAL has returned 24.8% so far this year.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 52.9% higher.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report To read this article on Zacks.com click here. American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 52.9% higher.
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American Airlines (AAL) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Within the past quarter, the Zacks Consensus Estimate for AAL's full-year earnings has moved 52.9% higher. Based on the most recent data, AAL has returned 24.8% so far this year.
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2876.0
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2023-02-23 00:00:00 UTC
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American Airlines Appoints Greg Smith To Succeed Doug Parker As Chairman
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AAL
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https://www.nasdaq.com/articles/american-airlines-appoints-greg-smith-to-succeed-doug-parker-as-chairman-0
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nan
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nan
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(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. Smith, 56, will succeed Doug Parker, who will retire from the board at that time.
Smith joined American's board in January 2022 after a more than 30-year career at The Boeing Company. He most recently served as Boeing's Executive Vice President and CFO, leading the company's Enterprise Operations, Finance, Strategy and Shared Services organizations.
In addition, Ray Robinson and Jim Albaugh will retire from American's board at the end of the current term, which coincides with the company's upcoming annual meeting of stockholders. Robinson and Albaugh have served on American's board since 2005 and 2013, respectively.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. He most recently served as Boeing's Executive Vice President and CFO, leading the company's Enterprise Operations, Finance, Strategy and Shared Services organizations. In addition, Ray Robinson and Jim Albaugh will retire from American's board at the end of the current term, which coincides with the company's upcoming annual meeting of stockholders.
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(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. Smith joined American's board in January 2022 after a more than 30-year career at The Boeing Company. In addition, Ray Robinson and Jim Albaugh will retire from American's board at the end of the current term, which coincides with the company's upcoming annual meeting of stockholders.
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(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. Smith joined American's board in January 2022 after a more than 30-year career at The Boeing Company. In addition, Ray Robinson and Jim Albaugh will retire from American's board at the end of the current term, which coincides with the company's upcoming annual meeting of stockholders.
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(RTTNews) - American Airlines Group Inc. (AAL) said that it appointed Greg Smith as independent chairman of the company's board of directors, effective April 30, 2023. Smith, 56, will succeed Doug Parker, who will retire from the board at that time. Robinson and Albaugh have served on American's board since 2005 and 2013, respectively.
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2877.0
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2023-02-23 00:00:00 UTC
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American Airlines Group Inc. (AAL) is Attracting Investor Attention: Here is What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-inc.-aal-is-attracting-investor-attention%3A-here-is-what-you-should
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nan
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nan
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Shares of this world's largest airline have returned -4.3% over the past month versus the Zacks S&P 500 composite's +0.7% change. The Zacks Transportation - Airline industry, to which American Airlines belongs, has lost 6.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, American Airlines is expected to post earnings of $0.01 per share, indicating a change of +100.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -177.8% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $2.16 points to a change of +332% from the prior year. Over the last 30 days, this estimate has changed +21.6%.
For the next fiscal year, the consensus earnings estimate of $2.73 indicates a change of +26.1% from what American Airlines is expected to report a year ago. Over the past month, the estimate has changed +3.8%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, American Airlines is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For American Airlines, the consensus sales estimate for the current quarter of $12.25 billion indicates a year-over-year change of +37.7%. For the current and next fiscal years, $53.57 billion and $55.53 billion estimates indicate +9.4% and +3.7% changes, respectively.
Last Reported Results and Surprise History
American Airlines reported revenues of $13.19 billion in the last reported quarter, representing a year-over-year change of +39.9%. EPS of $1.17 for the same period compares with -$1.42 a year ago.
Compared to the Zacks Consensus Estimate of $13.22 billion, the reported revenues represent a surprise of -0.22%. The EPS surprise was +2.63%.
Over the last four quarters, American Airlines surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
American Airlines is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about American Airlines. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Bottom Line The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about American Airlines.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, American Airlines is rated Zacks Rank #2 (Buy).
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions.
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American Airlines (AAL) has recently been on Zacks.com's list of the most searched stocks. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report To read this article on Zacks.com click here. And if earnings estimates go up for a company, the fair value for its stock goes up.
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2878.0
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2023-02-23 00:00:00 UTC
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Don’t Sleep on Airbnb Stock If You Want In on the Travel Boom
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AAL
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https://www.nasdaq.com/articles/dont-sleep-on-airbnb-stock-if-you-want-in-on-the-travel-boom
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nan
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nan
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Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) stock exploded upside on its Q4 2022 earnings release. The Company posted strong top and bottom line results as shares spiked over 13% in reaction. The post-pandemic recovery in the travel and leisure sector continued through the holiday season.
Travel demand remained strong, as also confirmed by solid earnings reports from airlines like United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NASDAQ: DAL), and American Airlines Group Inc. (NYSE: AAL). TripAdvisor (NASDAQ: TRIP) and Booking Holdings Inc. (NASDAQ: BKNG) earnings continued this trend. Heading into 2023, the Company is still dealing with recession fears, high inflation, and the war in Ukraine.
Airbnb finished its first most GAAP profitable year in 2022 with $1.9 billion in GAAP profits. Its performance underscores the shift in consumer spending from goods like apparel and PCs to services like travel and leisure. While the pandemic may be in the rearview mirror for the U.S., many other countries are still lifting COVID restrictions which provides room for growth for the Company.
Room for Growth
Airbnb has a long runway for growth as it continues to grow its listings to meet the demand for vacation rentals. The competition for bookings between property owners is fierce, with more and more landlords getting into the game. However, like Uber Technologies Inc. (NASDAQ: UBER), the Company has an asset-light model in which the property owners handle the property and the upkeep. At the same time, Airbnb plays the middleman connecting travelers with hosts.
Uber only pays drivers when they complete rides, not if they are trawling or online waiting for a ping. Airbnb is in the same boat as hosts compete to pull guests. Airbnb is under no obligation to pay hosts anything if their property doesn't get rented. There is plenty of drivers for Uber or hosts for Airbnb. But unlike Uber, Airbnb is very GAAP profitable.
Regulatory Risks
One of the risks for Airbnb’s business model is the potential for legislative policies in certain areas and neighborhoods that restrict or prohibit short-term rentals and sub-leases. Regulation gets handled on a state and local level. In New York City, short-term rentals of complete apartments are banned except when the owner is present.
In Chicago, short-term rentals are prohibited except for specific neighborhoods. In Santa Monica, short-term rentals under 30 days are banned. Some areas may specifically have zoning or licensing requirements. Much of the landscape had little regulation, but it's likely coming as hosting gains more popularity.
Despite regulation, Airbnb has plenty of rentals on its platform. The Company continues to onboard new hosts with a simplified listing process. It also has a program connecting new hosts with its Super Host one-to-one guidance through the first reservation. It ended the year with 6.6 million active global listings, up from 5.7 million at the start of 2022.
Blow Out Q4 2022 Earnings
Airbnb had previously noted in its Q3 2022 earnings that Q4 2022 bookings “would moderate slightly from Q3”. It caused the stock to collapse under $100.
On Feb. 14, 2022, Airbnb released its fourth-quarter 2022 results for December 2022. The Company reported a GAAP earnings-per-share (EPS) profit of $0.48 versus consensus analyst estimates for a profit of $0.27, beating estimates by $0.21. Net income was $319 million for the quarter and $1.9 billion for the year.
Without FX headwinds of a strong dollar, the Company made $385 million in Q4 net income and $2.2 billion in full-year 2022 net income. Revenues rose 24.2% year-over-year (YOY) to $1.9 billion, beating analyst estimates of $1.86 billion. Nights and Experiences booked rose 20% YoY to 88.2 million. Gross booking value (GBV) grew 20% to $13.5 billion. Adjusted EBITDA was $806 million.
Strength Expected to Continue In 2023
The Company provided upside guidance for Q1 2023 revenues of $1.75 billion to $1.82 billion versus $1.69 billion consensus analyst estimates. The Company is seeing strong demand in Q1 2023 as Europeans book their summer travel early. Due to competition, Airbnb is seeing downward pressure on the average daily rate (ADR) and will be introducing new pricing and discounting tools.
It should drive better affordability for guests and drive booking growth. For hosts, it could be a race to the bottom regarding rental prices. Uber and Lyft Inc. (NASDAQ: LYFT) started with a race to the bottom for cheaper fares to passengers as drivers got paid less, then raised fares while drivers still got paid less.
ABNB CEO Brian Chesky commented on many positive travel trends on the conference call, “First, guest demand at Airbnb remains strong. Nights and experiences booked increased by 20% in Q4. We had our highest number of active bookers in Q4, demonstrating guest excitement about travel on Airbnb despite evolving economic uncertainties. During the quarter, we also continued to see guest booking trips further advance supporting a strong backlog for Q1."
He noted that guests came back to the cities and cross-border. Cross-border growth of nights booked rose 49%, and high-density urban nights rose 22% YoY. Guests are booking longer stays. Long-term stays make up 21% of total bookings.
Daily Cup and Handle Breakout
The daily candlestick chart for ABNB depicts a classic cup and handle breakout. The lip line resistance formed at $120.34 on Oct. 21, 2022. Shares continued to fall to a low of $81.91 on Dec. 28, 2022. It eventually formed a rounded bottom as the daily stochastic bounced back up through the 20-band and triggered the daily market structure low (MSL) breakout through $96.16.
The stock rallied back to retest the $120.34 lip line and complete the cup on Feb. 7, 2023. ABNB shares retraced down to $106.54 before bouncing to form the handle breakout on its Q4 2022 earnings release. ABNB gapped up through the lip line as it peaked at $144.63. There is a gap fill at the lip line.
Pullback support levels are at $125.51, $120.34 lip line and gap fill, $116.90, $113.36, and $106.54 handle low.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Travel demand remained strong, as also confirmed by solid earnings reports from airlines like United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NASDAQ: DAL), and American Airlines Group Inc. (NYSE: AAL). Due to competition, Airbnb is seeing downward pressure on the average daily rate (ADR) and will be introducing new pricing and discounting tools. ABNB CEO Brian Chesky commented on many positive travel trends on the conference call, “First, guest demand at Airbnb remains strong.
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Travel demand remained strong, as also confirmed by solid earnings reports from airlines like United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NASDAQ: DAL), and American Airlines Group Inc. (NYSE: AAL). Digital lodging platform Airbnb Inc. (NASDAQ: ABNB) stock exploded upside on its Q4 2022 earnings release. The Company reported a GAAP earnings-per-share (EPS) profit of $0.48 versus consensus analyst estimates for a profit of $0.27, beating estimates by $0.21.
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Travel demand remained strong, as also confirmed by solid earnings reports from airlines like United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NASDAQ: DAL), and American Airlines Group Inc. (NYSE: AAL). Room for Growth Airbnb has a long runway for growth as it continues to grow its listings to meet the demand for vacation rentals. Strength Expected to Continue In 2023 The Company provided upside guidance for Q1 2023 revenues of $1.75 billion to $1.82 billion versus $1.69 billion consensus analyst estimates.
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Travel demand remained strong, as also confirmed by solid earnings reports from airlines like United Airlines Holdings, Inc. (NYSE: UAL), Delta Air Lines Inc. (NASDAQ: DAL), and American Airlines Group Inc. (NYSE: AAL). There is plenty of drivers for Uber or hosts for Airbnb. Net income was $319 million for the quarter and $1.9 billion for the year.
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2879.0
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2023-02-23 00:00:00 UTC
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Anglo American to incur $1.7 bln charge on Woodsmith project extension
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AAL
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https://www.nasdaq.com/articles/anglo-american-to-incur-%241.7-bln-charge-on-woodsmith-project-extension
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nan
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nan
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Adds detail, background
Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency.
The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion.
Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher costs, lower product prices and as extreme weather hit production.
It declared a full-year dividend of $1.98 per share, down from $4.99 per share in 2021.
(Reporting by Muhammed Husain in Bengaluru Editing by Vinay Dwivedi)
((Muhammed.Husain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds detail, background Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher costs, lower product prices and as extreme weather hit production.
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Adds detail, background Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher costs, lower product prices and as extreme weather hit production.
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Adds detail, background Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher costs, lower product prices and as extreme weather hit production. It declared a full-year dividend of $1.98 per share, down from $4.99 per share in 2021.
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Adds detail, background Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday it would incur an impairment of $1.7 billion due to the extension of the development schedule and budget of its Woodsmith project as it seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher costs, lower product prices and as extreme weather hit production.
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2880.0
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2023-02-23 00:00:00 UTC
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Anglo American extends schedule of Woodsmith project in England
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AAL
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https://www.nasdaq.com/articles/anglo-american-extends-schedule-of-woodsmith-project-in-england
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nan
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nan
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Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency.
The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion.
Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher production costs, lower product prices and as extreme weather hit production.
(Reporting by Muhammed Husain in Bengaluru Editing by Vinay Dwivedi)
((Muhammed.Husain@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. (Reporting by Muhammed Husain in Bengaluru Editing by Vinay Dwivedi) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher production costs, lower product prices and as extreme weather hit production.
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Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher production costs, lower product prices and as extreme weather hit production. (Reporting by Muhammed Husain in Bengaluru Editing by Vinay Dwivedi) ((Muhammed.Husain@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 23 (Reuters) - Anglo American Plc AAL.L said on Thursday the development schedule and budget of its Woodsmith project would be extended as the miner seeks to accommodate higher production volumes and improve mining efficiency. The group said it expects the first product from the Woodsmith project in north-east England, which has the world's largest known deposit of polyhalite, entering the market in 2027, with an annual capital investment of around $1 billion. Anglo American reported a 30% fall in underlying core profit for 2022 to $14.5 billion due to higher production costs, lower product prices and as extreme weather hit production.
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2881.0
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2023-02-23 00:00:00 UTC
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Notable Thursday Option Activity: AAL, AMD, JNJ
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AAL
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https://www.nasdaq.com/articles/notable-thursday-option-activity%3A-aal-amd-jnj
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nan
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nan
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares. That amounts to about 64.8% of AAL's average daily trading volume over the past month of 22.6 million shares. Particularly high volume was seen for the $17 strike call option expiring April 21, 2023, with 49,169 contracts trading so far today, representing approximately 4.9 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $17 strike highlighted in orange:
Advanced Micro Devices Inc (Symbol: AMD) options are showing a volume of 343,389 contracts thus far today. That number of contracts represents approximately 34.3 million underlying shares, working out to a sizeable 56.7% of AMD's average daily trading volume over the past month, of 60.5 million shares. Particularly high volume was seen for the $80 strike call option expiring February 24, 2023, with 23,869 contracts trading so far today, representing approximately 2.4 million underlying shares of AMD. Below is a chart showing AMD's trailing twelve month trading history, with the $80 strike highlighted in orange:
And Johnson & Johnson (Symbol: JNJ) saw options trading volume of 46,310 contracts, representing approximately 4.6 million underlying shares or approximately 50% of JNJ's average daily trading volume over the past month, of 9.3 million shares. Especially high volume was seen for the $160 strike call option expiring February 24, 2023, with 3,857 contracts trading so far today, representing approximately 385,700 underlying shares of JNJ. Below is a chart showing JNJ's trailing twelve month trading history, with the $160 strike highlighted in orange:
For the various different available expirations for AAL options, AMD options, or JNJ options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
Also see:
Top Stocks Held By Andreas Halvorsen
Funds Holding QCP
ELON Insider Buying
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Particularly high volume was seen for the $17 strike call option expiring April 21, 2023, with 49,169 contracts trading so far today, representing approximately 4.9 million underlying shares of AAL. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares. That amounts to about 64.8% of AAL's average daily trading volume over the past month of 22.6 million shares.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares. That amounts to about 64.8% of AAL's average daily trading volume over the past month of 22.6 million shares. Particularly high volume was seen for the $17 strike call option expiring April 21, 2023, with 49,169 contracts trading so far today, representing approximately 4.9 million underlying shares of AAL.
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Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares. That amounts to about 64.8% of AAL's average daily trading volume over the past month of 22.6 million shares. Particularly high volume was seen for the $17 strike call option expiring April 21, 2023, with 49,169 contracts trading so far today, representing approximately 4.9 million underlying shares of AAL.
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Particularly high volume was seen for the $17 strike call option expiring April 21, 2023, with 49,169 contracts trading so far today, representing approximately 4.9 million underlying shares of AAL. Below is a chart showing JNJ's trailing twelve month trading history, with the $160 strike highlighted in orange: For the various different available expirations for AAL options, AMD options, or JNJ options, visit StockOptionsChannel.com. Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in American Airlines Group Inc (Symbol: AAL), where a total of 146,578 contracts have traded so far, representing approximately 14.7 million underlying shares.
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2882.0
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2023-02-23 00:00:00 UTC
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Validea Guru Fundamental Report for AAL - 2/23/2023
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AAL
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https://www.nasdaq.com/articles/validea-guru-fundamental-report-for-aal-2-23-2023
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nan
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nan
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Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry. The rating using this strategy is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: FAIL
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry.
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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2883.0
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2023-02-22 00:00:00 UTC
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Six Reasons Why Investors Should Add GATX to Their Portfolio
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AAL
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https://www.nasdaq.com/articles/six-reasons-why-investors-should-add-gatx-to-their-portfolio
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nan
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nan
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GATX Corporation GATX is benefiting from its shareholder-friendly initiatives through which it rewards its shareholders in the form of dividend payments and share repurchases.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes GATX an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of GATX have gained 7.6% over the past six months.
Image Source: Zacks Investment Research
Solid Zacks Rank: GATXhasa Zacks Rank #2 (Buy). Our research shows that stocks with a Zacks Rank #1 (Strong Buy) or 2 offer the best investment opportunities. Thus, the company is a compelling investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for GATX’s 2023 earnings has moved up 1.9% year over year.
Positive Earnings Surprise History: GATX has an impressive earnings surprise history. The company delivered an earnings surprise of 16.52% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For 2023 and 2024, GATX’s earnings are expected to grow 10.54% and 5.46% year over year, respectively.
Growth Factors:The gradual improvement in the North American railcar leasing market is aiding GATX’s top line. Demand for the majority of railcar types in GATX's fleet remains robust and absolute lease rates have been increasing. For 2023, GATX anticipates the railcar leasing environment in North America to remain favorable.
GATX expects current-year earnings in the range of $6.50-$6.90 per share. We are upbeat about GATX's measures to reward its shareholders through dividends and buybacks despite coronavirus-led woes. Consistent dividend payouts highlight GATX's commitment to boosting shareholders’ value and underscore its strong financial condition and bright prospects.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have soared 11.1% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 19.4% over the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
GATX Corporation (GATX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. Click to get this free report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report GATX Corporation (GATX) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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2884.0
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2023-02-22 00:00:00 UTC
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Airlines cancel over 1,000 U.S. flights as winter storm grips states
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AAL
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https://www.nasdaq.com/articles/airlines-cancel-over-1000-u.s.-flights-as-winter-storm-grips-states
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nan
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nan
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Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states.
A total of 1,035 flights within, into or out of the United States were canceled by 0915 am ET, according to flight-tracking website FlightAware, which showed 932 flights were delayed.
The Federal Aviation Administration (FAA) said in a tweet on Tuesday that the severe weather could cause flight delays or cancellations this week in Minnesota and other states in the Great Lakes and southern plains.
Snow falling at a rate of two inches an hour and gusty winds will make travel conditions treacherous and perhaps impossible in parts of the Northern Plains and the Upper Midwest, the National Weather Service said in its forecast.
Low-cost carrier Southwest Airlines Co LUV.N led the cancellations with 235 flights, followed by Delta Air Lines DAL.N that canceled 197 flights.
Southwest and Delta did not immediately respond to Reuters' requests for comment.
(Reporting by Aishwarya Nair in Bengaluru; Editing by Sherry Jacob-Phillips)
((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The Federal Aviation Administration (FAA) said in a tweet on Tuesday that the severe weather could cause flight delays or cancellations this week in Minnesota and other states in the Great Lakes and southern plains. Snow falling at a rate of two inches an hour and gusty winds will make travel conditions treacherous and perhaps impossible in parts of the Northern Plains and the Upper Midwest, the National Weather Service said in its forecast. (Reporting by Aishwarya Nair in Bengaluru; Editing by Sherry Jacob-Phillips) ((Aishwarya.Nair@thomsonreuters.com; +91-9167838937 Twitter: https://twitter.com/Aishwaryartrs ;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. The Federal Aviation Administration (FAA) said in a tweet on Tuesday that the severe weather could cause flight delays or cancellations this week in Minnesota and other states in the Great Lakes and southern plains. Low-cost carrier Southwest Airlines Co LUV.N led the cancellations with 235 flights, followed by Delta Air Lines DAL.N that canceled 197 flights.
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Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. A total of 1,035 flights within, into or out of the United States were canceled by 0915 am ET, according to flight-tracking website FlightAware, which showed 932 flights were delayed. Low-cost carrier Southwest Airlines Co LUV.N led the cancellations with 235 flights, followed by Delta Air Lines DAL.N that canceled 197 flights.
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Feb 22 (Reuters) - Airlines canceled more than 1,000 flights in the United States on Wednesday as a strong winter storm makes its way through the western and central states. A total of 1,035 flights within, into or out of the United States were canceled by 0915 am ET, according to flight-tracking website FlightAware, which showed 932 flights were delayed. The Federal Aviation Administration (FAA) said in a tweet on Tuesday that the severe weather could cause flight delays or cancellations this week in Minnesota and other states in the Great Lakes and southern plains.
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2885.0
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2023-02-21 00:00:00 UTC
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Kumba Iron Ore cuts output forecast on South Africa rail crisis
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AAL
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https://www.nasdaq.com/articles/kumba-iron-ore-cuts-output-forecast-on-south-africa-rail-crisis
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nan
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nan
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Adds production guidance figures, CEO quote, Transnet context
JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years.
South Africa's freight rail capacity has plummeted, hobbled by inadequate maintenance, a lack of spare parts, and theft of hundreds of kilometres of copper cable from rail lines, costing coal and iron ore exporters billions of rand in revenue.
Kumba, a subsidiary of Anglo American, had warned at the start of the month that its profit was likely to slump. Its headline earnings per share for 2022 came in lower than expected at 56.19 rand ($3.10), a 46% drop from the previous year.
The company now expects to produce between 35 and 37 million tonnes in 2023, having last year guided to 39 to 41 million tonnes. For 2024, it sees an output of 37 to 39 million tonnes, down from 41 to 43 million tonnes previously.
"We are engaging with Transnet and the government to improve the stability and reliability of rail and port infrastructure as a matter of urgency," Kumba CEO Mpumi Zikalala said.
($1 = 18.1153 rand)
(Reporting by Helen Reid; Editing by Kim Coghill and Uttaresh.V)
((Helen.Reid@thomsonreuters.com; +27 66 156 5214;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds production guidance figures, CEO quote, Transnet context JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years. South Africa's freight rail capacity has plummeted, hobbled by inadequate maintenance, a lack of spare parts, and theft of hundreds of kilometres of copper cable from rail lines, costing coal and iron ore exporters billions of rand in revenue. "We are engaging with Transnet and the government to improve the stability and reliability of rail and port infrastructure as a matter of urgency," Kumba CEO Mpumi Zikalala said.
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Adds production guidance figures, CEO quote, Transnet context JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years. South Africa's freight rail capacity has plummeted, hobbled by inadequate maintenance, a lack of spare parts, and theft of hundreds of kilometres of copper cable from rail lines, costing coal and iron ore exporters billions of rand in revenue. For 2024, it sees an output of 37 to 39 million tonnes, down from 41 to 43 million tonnes previously.
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Adds production guidance figures, CEO quote, Transnet context JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years. South Africa's freight rail capacity has plummeted, hobbled by inadequate maintenance, a lack of spare parts, and theft of hundreds of kilometres of copper cable from rail lines, costing coal and iron ore exporters billions of rand in revenue. The company now expects to produce between 35 and 37 million tonnes in 2023, having last year guided to 39 to 41 million tonnes.
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Adds production guidance figures, CEO quote, Transnet context JOHANNESBURG, Feb 21 (Reuters) - A lack of freight trains to carry minerals to port forced South Africa's Kumba Iron Ore KIOJ.J on Tuesday to lower its production outlook for the next three years. Kumba, a subsidiary of Anglo American, had warned at the start of the month that its profit was likely to slump. The company now expects to produce between 35 and 37 million tonnes in 2023, having last year guided to 39 to 41 million tonnes.
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2886.0
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2023-02-21 00:00:00 UTC
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6 Reasons Why Investors Should Invest in Copa Holdings (CPA)
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-investors-should-invest-in-copa-holdings-cpa
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nan
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nan
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Copa Holdings, S.A. CPA is benefiting from continued recovery in air-travel demand. Notably, CPA’s fourth-quarter 2022 revenues benefited from growth across Passenger revenues.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes Copa Holdings an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of Copa Holdings have gained 30.2% over the past six months, outperforming the 11.1% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: Copa Holdings currently sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for Copa Holdings’ 2023 earnings has moved up 9.8% year over year. For 2024, the company’s earnings are expected to increase 4.8% year over year.
Positive Earnings Surprise History: Copa Holdings has an impressive earnings surprise history. The company delivered an earnings surprise of 33.35% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For first-quarter 2023, Copa Holdings’ earnings are expected to register more than 100% growth. For 2023 and 2024, the company’s earnings are expected to grow 30.27% and 7.93% year over year, respectively.
Growth Factors:Copa Holdings’ top line is benefiting from the recovery in air-travel demand. In fourth-quarter 2022, passenger revenues contributed 95.6% to CPA’s top line. Furthermore, the company’s fleet modernization efforts look encouraging.
CPA exited 2022 with a consolidated fleet of 97 aircraft, comprising 67 Boeing 737-800s, 20 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. During the fourth quarter of 2022, the carrier took delivery of two Boeing 737 MAX 9 aircraft. In January, CPA further took delivery of one Boeing 737 MAX 9 and anticipates receiving one additional aircraft by the end of the first quarter.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have soared 11.1% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 19.4% over the past six months.
Just Released: Zacks Top 10 Stocks for 2023
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023?
From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.
See New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2887.0
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2023-02-21 00:00:00 UTC
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6 Reasons Why Investors Should Invest in Copa Holdings (CPA)
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-investors-should-invest-in-copa-holdings-cpa-0
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nan
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nan
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Copa Holdings, S.A. CPA is benefiting from continued recovery in air-travel demand. Notably, CPA’s fourth-quarter 2022 revenues benefited from growth across Passenger revenues.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes Copa Holdings an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past six months. Shares of Copa Holdings have gained 30.2% over the past six months, outperforming the 11.1% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: Copa Holdings currently sports a Zacks Rank #1 (Strong Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for Copa Holdings’ 2023 earnings has moved up 9.8% year over year. For 2024, the company’s earnings are expected to increase 4.8% year over year.
Positive Earnings Surprise History: Copa Holdings has an impressive earnings surprise history. The company delivered an earnings surprise of 33.35% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For first-quarter 2023, Copa Holdings’ earnings are expected to register more than 100% growth. For 2023 and 2024, the company’s earnings are expected to grow 30.27% and 7.93% year over year, respectively.
Growth Factors:Copa Holdings’ top line is benefiting from the recovery in air-travel demand. In fourth-quarter 2022, passenger revenues contributed 95.6% to CPA’s top line. Furthermore, the company’s fleet modernization efforts look encouraging.
CPA exited 2022 with a consolidated fleet of 97 aircraft, comprising 67 Boeing 737-800s, 20 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. During the fourth quarter of 2022, the carrier took delivery of two Boeing 737 MAX 9 aircraft. In January, CPA further took delivery of one Boeing 737 MAX 9 and anticipates receiving one additional aircraft by the end of the first quarter.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2.
Alaska Air has an expected earnings growth rate of 32.64% for the current year. ALK delivered a trailing four-quarter earnings surprise of 8.98%, on average.
The Zacks Consensus Estimate for ALK’s current-year earnings has improved 7.1% over the past 90 days. Shares of ALK have soared 11.1% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 19.4% over the past six months.
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Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Alaska Air Group, Inc. ALK and American Airlines AAL, both carrying a Zacks Rank #2. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 7.79%, on average.
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2888.0
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2023-02-20 00:00:00 UTC
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Amplats annual profit down 38% after delayed smelter rebuild
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AAL
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https://www.nasdaq.com/articles/amplats-annual-profit-down-38-after-delayed-smelter-rebuild
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Adds details
Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM).
The top global PGM producer's headline earnings per share (HEPS) — the main profit measure in South Africa — fell to 185.42 rand ($10.28) in the year to Dec. 31, 2022, down from 300.42 rand in 2021.
The Johannesburg-listed firm also said PGM sales volumes declined 25% to 3.8 million ounces last year, from a record 5.1 million ounces in 2021. The record 2021 production performance was driven by an increase in refined output after the rebuild and recommissioning of the Anglo Converter Plant Phase A unit.
The Polokwane smelter rebuild, which was due to be completed in October 2022, was delayed until December after the delivery of sub-standard materials, the company said.
Amplats declared a total dividend of 115 rand per share, down from 300 rand per share last year, returning $1.66 billion to shareholders.
($1 = 18.0504 rand)
(Reporting by Nelson Banya; Editing by Tom Hogue and Uttaresh.V)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Adds details Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM). The record 2021 production performance was driven by an increase in refined output after the rebuild and recommissioning of the Anglo Converter Plant Phase A unit. The Polokwane smelter rebuild, which was due to be completed in October 2022, was delayed until December after the delivery of sub-standard materials, the company said.
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Adds details Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM). The Johannesburg-listed firm also said PGM sales volumes declined 25% to 3.8 million ounces last year, from a record 5.1 million ounces in 2021. Amplats declared a total dividend of 115 rand per share, down from 300 rand per share last year, returning $1.66 billion to shareholders.
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Adds details Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM). The top global PGM producer's headline earnings per share (HEPS) — the main profit measure in South Africa — fell to 185.42 rand ($10.28) in the year to Dec. 31, 2022, down from 300.42 rand in 2021. Amplats declared a total dividend of 115 rand per share, down from 300 rand per share last year, returning $1.66 billion to shareholders.
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Adds details Feb 20 (Reuters) - Anglo American Platinum (Amplats) AMSJ.J said on Monday its annual profit fell 38% in 2022, after a two-month delay in its smelter rebuild hit sales of platinum group metals (PGM). The top global PGM producer's headline earnings per share (HEPS) — the main profit measure in South Africa — fell to 185.42 rand ($10.28) in the year to Dec. 31, 2022, down from 300.42 rand in 2021. The Johannesburg-listed firm also said PGM sales volumes declined 25% to 3.8 million ounces last year, from a record 5.1 million ounces in 2021.
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2889.0
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2023-02-20 00:00:00 UTC
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Tripadvisor Stock Gap and Crap. Here’s Why.
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AAL
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https://www.nasdaq.com/articles/tripadvisor-stock-gap-and-crap.-heres-why.
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The world's largest travel guidance platform, Tripadvisor, Inc. (NASDAQ: TRIP), experienced strong travel demand in its Q4 2022 earnings release. It caused shares to gap 8% the following morning hitting a high of $27.30 before giving back all its gains and further selling off nearly 15% from its post-earnings highs.
This rug-pulling price action is described as a gap and crap. It leaves investors wondering what just happened. In the case of Trip Advisor, the selling stems from a Bernstein downgrade based on the Company’s new investment plans.
Strong Travel Demand
The post-pandemic rebound in the travel and leisure segment has been expressed by airlines to booking platforms. While the sector was an industry's epicenter during the pandemic, it's one of the most robust recovery segments post-pandemic. The pent-up demand accelerated the rebound in business to overshoot its pre-pandemic 2019 metrics.
This sentiment has been echoed throughout earnings season from airlines like American Airlines Group Inc. (NYSE: AAL), Delta Air Lines Inc. (NASDAQ: DAL), and United Airlines Holdings, Inc. (NYSE: UAL). Online platforms like Airbnb Inc. (NASDAQ: ABNB) and Booking Holdings Inc. (NASDAQ: BKNG) continue reinforcing this trend. Even cruise stocks like Carnival Cruise Corporation & plc (NYSE: CCL) and Royal Caribbean Group (NYSE: RCL) see a rebound thanks to strong consumer demand for services and experiences.
Robust Recovery
On Feb. 14, 2022, Tripadvisor released its fourth-quarter 2022 results for December 2022. The Company reported an earnings-per-share (EPS) profit of $0.16 versus consensus analyst estimates of $0.02, beating estimates by $0.12. Adjusted EBITDA grew to $43 million versus the $36 million consensus.
Revenues climbed 47% YoY to $354 million, beating consensus analyst estimates for $344.24 million. Margins recovered throughout 2022. Mixed recovery and margin pressure still exist in parts of its portfolio, particularly in its Tripadvisor Core segment.
Growth By Segment
Growth was driven by its Viator platform, which offers tours and activities for travelers worldwide. In 2020, its gross bookings were $2.7 billion. Nearly 70% of the large but highly fragmented and underpenetrated experiences market still operates offline. It’s expected to grow to over $275 billion by 2025. Its tour partners are "receiving more value than ever before ."To accelerate its leadership position, the Company will invest in the growth of this segment in 2023.
The Company will focus on improving margins and growing its restaurant and diner base in 2023. Its online dining platform TheFork connects millions of diners with its restaurant partners. Repeat customers' direct bookings were responsible for more than 75% of total bookings in 2022.
Its Tripadvisor Core segment grew revenues 45% YoY to $966 million and reached nearly 79% of 2019 levels. It's been the core of the business for over 20 years. The Company will push for deeper engagement with travelers and provide essential trip-planning tools. It includes pre-trip and in-destination on a mobile-first approach.
Updated Strategy
Tripadvisor CEO Matt Goldberg commented on its strategy, “We've introduced an updated operating model that balances the autonomy and empowerment of P&L ownership with strong functional alignment and collaboration.” He continued, “We've added critical new leadership roles and aligned our teams around product, marketing, technology and data, sales and operations. This breaks down silos, and already, we're seeing improved efficiency and productivity and increased capacity in areas like engineering to reallocate resources to our top strategic priorities.”
Bernstein Downgrade
Bernstein analyst Richard Clarke complemented its sensible strategic plan but stressed that near-term impacts would reduce EBITDA estimates for the next two years. He commented, "This is going to be a steady multi-year roll-out, and the result seems more defensive than offensive with the aim of long-term steady profitable growth', which is broadly in-line with the consensus view and below our previous expectations.” He downgraded shares from Outperform to Market Perform and cut the price target to $26 from $28 per share.
Weekly Rectangle
TRIP shares have been in a weekly triangle since April 2022, when shares fell from $28.05 to a low of $16.87 by July 2022. Shares bounced on a weekly market structure low (MSL) breakout through the $19.67 trigger to test the $28.05 upper trendline, only to fail and form a market structure high (MSH) sell trigger under $24.90.
TRIP shares broke down again, falling to shy of the lower trendline of the rectangle before bouncing through the weekly MSL trigger again at $19.67 in January 2023. The stock continued to surge higher, driving it to hit a high of $27.30 on its Q4 2022 earnings gap before plunging back down to the weekly 20-period exponential moving average (EMA) support at $21.78. Pullback support levels are $21.42, $19.67 weekly MSL trigger, $18.24, and $16.87 lower rectangle trendline.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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This sentiment has been echoed throughout earnings season from airlines like American Airlines Group Inc. (NYSE: AAL), Delta Air Lines Inc. (NASDAQ: DAL), and United Airlines Holdings, Inc. (NYSE: UAL). Updated Strategy Tripadvisor CEO Matt Goldberg commented on its strategy, “We've introduced an updated operating model that balances the autonomy and empowerment of P&L ownership with strong functional alignment and collaboration.” He continued, “We've added critical new leadership roles and aligned our teams around product, marketing, technology and data, sales and operations. TRIP shares broke down again, falling to shy of the lower trendline of the rectangle before bouncing through the weekly MSL trigger again at $19.67 in January 2023.
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This sentiment has been echoed throughout earnings season from airlines like American Airlines Group Inc. (NYSE: AAL), Delta Air Lines Inc. (NASDAQ: DAL), and United Airlines Holdings, Inc. (NYSE: UAL). The world's largest travel guidance platform, Tripadvisor, Inc. (NASDAQ: TRIP), experienced strong travel demand in its Q4 2022 earnings release. Its Tripadvisor Core segment grew revenues 45% YoY to $966 million and reached nearly 79% of 2019 levels.
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This sentiment has been echoed throughout earnings season from airlines like American Airlines Group Inc. (NYSE: AAL), Delta Air Lines Inc. (NASDAQ: DAL), and United Airlines Holdings, Inc. (NYSE: UAL). The world's largest travel guidance platform, Tripadvisor, Inc. (NASDAQ: TRIP), experienced strong travel demand in its Q4 2022 earnings release. Strong Travel Demand The post-pandemic rebound in the travel and leisure segment has been expressed by airlines to booking platforms.
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This sentiment has been echoed throughout earnings season from airlines like American Airlines Group Inc. (NYSE: AAL), Delta Air Lines Inc. (NASDAQ: DAL), and United Airlines Holdings, Inc. (NYSE: UAL). Strong Travel Demand The post-pandemic rebound in the travel and leisure segment has been expressed by airlines to booking platforms. Mixed recovery and margin pressure still exist in parts of its portfolio, particularly in its Tripadvisor Core segment.
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2890.0
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2023-02-20 00:00:00 UTC
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3 Overlooked Industries That Could Outperform the Market
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AAL
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https://www.nasdaq.com/articles/3-overlooked-industries-that-could-outperform-the-market
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
With the stock market becoming more volatile in recent years, investors are increasingly looking for new opportunities to invest their money. One such opportunity is investing in overlooked industries that have the potential to generate high returns.
These overlooked industries often have solid fundamentals and a forward-looking approach that can help investors maximize their returns.
Investing in these overlooked industries can greatly diversify your portfolio and create a long-term investment strategy. By researching these industries and understanding their potential, investors can make informed decisions about where to invest their money.
With the right research and analysis, investors can find undervalued companies in overlooked industries with strong fundamentals that could provide them with substantial returns in the future.
Airlines
Source: Shutterstock
Investing in airline stocks is a great way to diversify your portfolio, with several top-tier companies worth considering.
These include well-known names as well as lesser-known but still promising companies. Investing in these stocks can be a great way to take advantage of the lucrative aviation industry.
The effects of the pandemic on the aviation industry have been felt worldwide, with airlines facing unprecedented challenges in revenue, operations, and customer service.
However, things are now perking up for the airline sector. People are traveling again in mass numbers; TSA numbers will vouch for this. This is great news for the airline sector.
The surge in demand is being felt throughout the sector, so it is a great time to invest in airlines. American Airlines (NASDAQ:AAL) is one of the sector’s stars.
On the back of high demand during the holiday season, American Airlines reported fourth-quarter profit that topped estimates. The legacy carrier saw revenue increase by nearly 17% compared to 2019, before the Covid pandemic drastically reduced travel.
American Airlines showed robust performance despite running at 6.1% lower capacity, evidencing that passengers are willing to pay higher fares for their tickets.
Delta Air Lines (NYSE:DAL) is another strong performer in the airline sector. One of the world’s oldest airlines in operation, it reported impressive financial results despite mass weather-related cancellations during the holiday
season.
In addition, Delta is investing in more fuel-efficient jets, ultimately improving its financial performance and resulting in long-term benefits. Deliveries are expected to begin in 2025.
Basic Materials Sector
Source: Shutterstock
For investors looking to make a contrarian play in the stock market, now is the time to invest in the basic materials sector.
With global economic uncertainty and macroeconomic trends pointing towards a recovery, now is an opportune time for investors to take advantage of the current market conditions and invest in this sector.
The basic materials sector comprises companies that produce raw materials such as metals, minerals, chemicals, and energy. The pandemic hit this sector hard, but it is now showing signs of recovery.
As governments worldwide begin to relax restrictions, demand for these raw materials is expected to increase significantly. This presents a great opportunity for investors looking to capitalize on this trend and make long-term investments in this sector.
The star performer within the industry is the oil and gas sector. It has seen the most growth for two consecutive years due to the impact of both global economic recovery post-pandemic and the Russia-Ukraine war in oil markets.
Oil companies have prioritized dividends and stock repurchases to appeal to shareholders worried about overproduction. This effective move has served to maintain price momentum. Investors have benefited financially as a result of these decisions.
There is a risk of a global recession which could lead to reduced energy demand. There’s also the danger of oil prices staying too high for a long, resulting in decreased demand.
Despite this, the oil and gas industry offers plenty of attractive stocks for investors to diversify their portfolios. For example, Chevron (NYSE:CVX), ExxonMobil (NYSE:XOM), and Kinder Morgan (NYSE:KMI) are among the best companies you will find in this sector. All are companies with a strong dividend history and robust operating models.
Credit Bureaus
Source: wutzkohphoto / Shutterstock
Investing in credit-scoring companies is a safe but often overlooked investment opportunity.
Credit scoring companies are responsible for assessing the creditworthiness of individuals and businesses, enabling lenders to make informed decisions about lending and borrowing.
Despite this important role in the economy, they have been largely overlooked by investors when it comes to stock market investments.
Investing in credit-scoring companies can provide investors with a reliable source of income and exposure to an industry that is not often given enough attention.
Credit score has become an integral part of the financial services sector. It is widely used by lenders, investors, and consumers, giving it credibility. Lenders trust the credit scoring system to make important decisions, whereas consumers use it to understand their financial standing.
The powerful network effects of this industry give it a monopolistic edge. In the U.S., there are three major credit bureaus – Equifax (NYSE:EFX), Experian (OTCMKTS:EXPGF), and TransUnion (NYSE:TRU) – responsible for providing credit reports.
Investing in credit bureaus is not only profitable but also relatively low-risk. Since these companies have been around for decades, they are well-established and have a proven track record of success.
On the publication date, Faizan Farooque did not hold (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.
The post 3 Overlooked Industries That Could Outperform the Market appeared first on InvestorPlace.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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American Airlines (NASDAQ:AAL) is one of the sector’s stars. With the right research and analysis, investors can find undervalued companies in overlooked industries with strong fundamentals that could provide them with substantial returns in the future. With global economic uncertainty and macroeconomic trends pointing towards a recovery, now is an opportune time for investors to take advantage of the current market conditions and invest in this sector.
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American Airlines (NASDAQ:AAL) is one of the sector’s stars. By researching these industries and understanding their potential, investors can make informed decisions about where to invest their money. On the back of high demand during the holiday season, American Airlines reported fourth-quarter profit that topped estimates.
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American Airlines (NASDAQ:AAL) is one of the sector’s stars. InvestorPlace - Stock Market News, Stock Advice & Trading Tips With the stock market becoming more volatile in recent years, investors are increasingly looking for new opportunities to invest their money. Airlines Source: Shutterstock Investing in airline stocks is a great way to diversify your portfolio, with several top-tier companies worth considering.
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American Airlines (NASDAQ:AAL) is one of the sector’s stars. Delta Air Lines (NYSE:DAL) is another strong performer in the airline sector. Investors have benefited financially as a result of these decisions.
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2891.0
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2023-02-17 00:00:00 UTC
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Here's Why You Should Buy American Airlines (AAL) Stock Now
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AAL
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https://www.nasdaq.com/articles/heres-why-you-should-buy-american-airlines-aal-stock-now
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nan
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The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business.
Let’s delve into the factors that make it an investment-worthy stock.
Earnings Expectations
Earnings growth often indicates a company’s prospects. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis. For 2023, the company’s earnings are expected to grow 332% on a year-over-year basis.
The Zacks consensus for the company’s earnings is pegged at 1 cent for first-quarter 2023 and $2.16 for the full year. This has been revised upward by 103.2% and 31.7%, respectively, in the past 60 days. The favorable estimate revision reflects the confidence of brokers in the stock.
Price performance
AAL has outperformed the Zacks Airline industry in the past six months. The stock has risen 10.4% compared to the industry's growth of 7% in the same time frame.
Image Source: Zacks Investment Research
Earnings History
In the trailing four quarters, the company has beaten the Zacks Consensus Estimate of earnings three times (missing on one instance). The average surprise is a positive of 7.8%.
Bullish Industry Rank
The industry to which American Airlines belongs currently has a Zacks Industry Rank of 66 (of 250 plus groups). Such a solid rank places the industry in the top 26% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.
Notably, a mediocre stock in a healthy group is likely to outperform a robust stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.
Attractive Rank & Style Score
AAL currently has a Zacks Rank #2 (Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Positive Factors
The improved air travel demand seems to benefit AAL, particularly in the domestic business. The effect of the same is visible in the recent fourth-quarter earnings of the company. The company reported earnings of $1.17 per share, outperforming the Zacks Consensus Estimate by 2.63%.
Recently, the company was declared as the eco airline of the world by Air Transport World, courtesy of its efforts and investments for fleet renewal, along with an environmentally-friendly attitude.
The carrier has taken impressive debt reduction steps as well. Management aims to reduce its debt by $15 billion by 2025-end. The company aims to attain this objective through naturally occurring amortization.
As part of the expansion drive, the carrier began service to Chetumal, Mexico, and San Andres Island, Colombia, from the Miami International Airport in December 2021. The airline’s codeshare agreement with India's low-cost airline, IndiGo, is an added positive.
The company expects the total capacity to go up 5-8% in 2023 from the previous year. The company also expects its costs to go up 2-5% with the cost of fuel per gallon pegged at $3-$3.10. The company aims at expanding its fleet size to 957 from 925 by 2022 end. All this shall enable the company to earn an adjusted operating profit margin of 7-9%.
Other Stocks to Consider
Investors interested in the Zacks Airline industry may also consider the following stocks:
Alaska Air Group, Inc. ALK is being aided by the improved air travel demand situation. In the fourth quarter of 2022, ALK reported better-than-expected results. The company expects a 23-29% increase in the top line for the first quarter of 2023. ALK has been increasing its capacity to meet the upbeat demand. Capacity is expected to increase 11-14% in the first quarter of 2023
Alaska Air, currently holding the Zacks Rank of 2, has evidenced the Zacks Consensus Estimate of the company’s earnings being revised upward by 29.4% in the past 60 days.
United Airlines UAL, currently carrying a Zacks Rank of 2, is seeing a steady recovery in domestic and leisure air-travel demand. On the back of upbeat air-travel demand, UAL was profitable in the fourth quarter of 2022. The fourth quarter was the third consecutive profitable quarter at UAL. Driven by solid demand, management expects total revenue per available seat mile to grow 25% year over year in the first quarter of 2023. Total revenues are anticipated to grow 50% year over year.
The Zacks Consensus Estimate of the company has been revised upward by 270% in the past 60 days.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis. Price performance AAL has outperformed the Zacks Airline industry in the past six months.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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Click to get this free report United Airlines Holdings Inc (UAL) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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Price performance AAL has outperformed the Zacks Airline industry in the past six months. The rising air travel demand and increased capacity utilization are shaping the future performance of American Airlines AAL predominantly in the domestic business. For first-quarter 2023, AAL’s earnings are expected to register 100.4% growth on a year-over-year basis.
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2892.0
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2023-02-17 00:00:00 UTC
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Why Fast-paced Mover American Airlines (AAL) Is a Great Choice for Value Investors
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AAL
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https://www.nasdaq.com/articles/why-fast-paced-mover-american-airlines-aal-is-a-great-choice-for-value-investors
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
American Airlines (AAL) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
Investors' growing interest in a stock is reflected in its recent price increase. A price change of 0.7% over the past four weeks positions the stock of this world's largest airline well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. AAL meets this criterion too, as the stock gained 13.7% over the past 12 weeks.
Moreover, the momentum for AAL is fast paced, as the stock currently has a beta of 1.54. This indicates that the stock moves 54% higher than the market in either direction.
Given this price performance, it is no surprise that AAL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. AAL is currently trading at 0.22 times its sales. In other words, investors need to pay only 22 cents for each dollar of sales.
So, AAL appears to have plenty of room to run, and that too at a fast pace.
In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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American Airlines Group Inc. (AAL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. American Airlines (AAL) is one of the several great candidates that made it through the screen. AAL meets this criterion too, as the stock gained 13.7% over the past 12 weeks.
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In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. American Airlines (AAL) is one of the several great candidates that made it through the screen.
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Given this price performance, it is no surprise that AAL has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Most importantly, despite possessing fast-paced momentum features, AAL is trading at a reasonable valuation. American Airlines (AAL) is one of the several great candidates that made it through the screen.
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In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped AAL earn a Zacks Rank #2 (Buy). In addition to AAL, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. American Airlines (AAL) is one of the several great candidates that made it through the screen.
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2893.0
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2023-02-16 00:00:00 UTC
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Validea Daily Guru Fundamental Report for AAL - 2/16/2023
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AAL
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https://www.nasdaq.com/articles/validea-daily-guru-fundamental-report-for-aal-2-16-2023
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Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via dividends, buybacks and debt paydown.
AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry. The rating using this strategy is 70% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: American Airlines Group Inc. is a holding company. The Company's primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. It operates through American segment, which provides air transportation for passengers and cargo. The Company together with its regional airline subsidiaries and third-party regional carriers operates under American Eagle brand, providing scheduled air transportation for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, District of Columbia (D.C.) and partner gateways, including in London, Madrid, Seattle/Tacoma, Sydney and Tokyo. Its subsidiaries include American Airlines, Inc., Envoy Aviation Group Inc., PSA Airlines, Inc. and Piedmont Airlines, Inc. Its cargo division provides a range of freight and mail services with facilities and interline connections available across the globe.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
UNIVERSE: PASS
NET PAYOUT YIELD: FAIL
QUALITY AND DEBT: PASS
VALUATION: PASS
RELATIVE STRENGTH: PASS
SHAREHOLDER YIELD: FAIL
Detailed Analysis of AMERICAN AIRLINES GROUP INC
AAL Guru Analysis
AAL Fundamental Analysis
Meb Faber Portfolio
About Meb Faber: Meb Faber is the founder of Cambria Investments. His research has covered a wide spectrum of the investment world, including topics like shareholder yield, trend following, global asset allocation and home country bias. His shareholder yield strategy, which is based on his book "Shareholder Yield" and forms the basis for an ETF of the same name, looks for companies that are focused on creating value for shareholders by returning cash to them in the form of dividends, share buybacks and debt paydown. Meb is also the author of 4 other books and numerous white papers on investing related topics.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. AMERICAN AIRLINES GROUP INC (AAL) is a large-cap growth stock in the Airline industry.
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments. Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL).
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Below is Validea's daily guru fundamental report for AMERICAN AIRLINES GROUP INC (AAL). Of the 22 guru strategies we follow, AAL rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. Detailed Analysis of AMERICAN AIRLINES GROUP INC AAL Guru Analysis AAL Fundamental Analysis Meb Faber Portfolio About Meb Faber: Meb Faber is the founder of Cambria Investments.
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2894.0
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2023-02-16 00:00:00 UTC
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De Beers confident talks will deliver a Botswana diamond deal
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AAL
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https://www.nasdaq.com/articles/de-beers-confident-talks-will-deliver-a-botswana-diamond-deal
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President threatens to abandon talks over new sales deal
Botswana pressing for bigger share of diamond revenue
Current sales deal expires in June 2023
GABORONE, Feb 16 (Reuters) - De Beers is confident of maintaining its long-standing partnership with Botswana, a company official told Reuters on Thursday, but said some of the negotiations to agree new terms were complex.
Botswana President Mokgweetsi Masisi on Sunday threatened to walk away from talks on the extension of De Beers' mining rights in the country unless it got a larger share of revenues.
De Beers' Vice President-Corporate Affairs (Global Sightholder Sales) Otsile Mabeo told Reuters by email the company was "confident that our successful partnership will continue" and said that "the arrangement must make economic and strategic sense for both parties".
Anglo American Plc's AAL.L De Beers is in talks with the Botswana government to extend mining rights that expire in 2029, as well as a 2011 diamond sales agreement that expires in June this year.
"It’s important to note that our negotiations span more than just the sales agreement, they also include the future mining rights for Debswana, which are more complex and require more time to land on the finer details," Mabeo said.
Under the current deal, Debswana - a 54 year-old joint venture between De Beers and the Botswana government - sells 75% of its output to De Beers, while 25% goes to the state-owned Okavango Diamond Company. Botswana supplies 70% of De Beers' rough diamonds.
Last year, Debswana's diamond sales hit a record $4.588 billion, compared to $3.466 billion in 2021. Diamond sales, almost entirely from Debswana, account for two-thirds of Botswana's foreign currency receipts and a fifth of its gross domestic product.
Botswana government officials were not immediately available to comment, but Lefoko Moagi, Botswana's mines minister, told Reuters earlier this month he hoped a deal would be reached before the June deadline.
"A lot has been done, and what is left is material, but it is not insurmountable, it is in our best interests that we resolve that by the deadline," Moagi said on the sidelines of last week's Cape Town indaba mining conference.
(Reporting by Brian Benza, Editing by Nelson Banya and Barbara Lewis)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Anglo American Plc's AAL.L De Beers is in talks with the Botswana government to extend mining rights that expire in 2029, as well as a 2011 diamond sales agreement that expires in June this year. Botswana President Mokgweetsi Masisi on Sunday threatened to walk away from talks on the extension of De Beers' mining rights in the country unless it got a larger share of revenues. De Beers' Vice President-Corporate Affairs (Global Sightholder Sales) Otsile Mabeo told Reuters by email the company was "confident that our successful partnership will continue" and said that "the arrangement must make economic and strategic sense for both parties".
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Anglo American Plc's AAL.L De Beers is in talks with the Botswana government to extend mining rights that expire in 2029, as well as a 2011 diamond sales agreement that expires in June this year. President threatens to abandon talks over new sales deal Botswana pressing for bigger share of diamond revenue Current sales deal expires in June 2023 GABORONE, Feb 16 (Reuters) - De Beers is confident of maintaining its long-standing partnership with Botswana, a company official told Reuters on Thursday, but said some of the negotiations to agree new terms were complex. Botswana government officials were not immediately available to comment, but Lefoko Moagi, Botswana's mines minister, told Reuters earlier this month he hoped a deal would be reached before the June deadline.
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Anglo American Plc's AAL.L De Beers is in talks with the Botswana government to extend mining rights that expire in 2029, as well as a 2011 diamond sales agreement that expires in June this year. President threatens to abandon talks over new sales deal Botswana pressing for bigger share of diamond revenue Current sales deal expires in June 2023 GABORONE, Feb 16 (Reuters) - De Beers is confident of maintaining its long-standing partnership with Botswana, a company official told Reuters on Thursday, but said some of the negotiations to agree new terms were complex. Under the current deal, Debswana - a 54 year-old joint venture between De Beers and the Botswana government - sells 75% of its output to De Beers, while 25% goes to the state-owned Okavango Diamond Company.
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Anglo American Plc's AAL.L De Beers is in talks with the Botswana government to extend mining rights that expire in 2029, as well as a 2011 diamond sales agreement that expires in June this year. President threatens to abandon talks over new sales deal Botswana pressing for bigger share of diamond revenue Current sales deal expires in June 2023 GABORONE, Feb 16 (Reuters) - De Beers is confident of maintaining its long-standing partnership with Botswana, a company official told Reuters on Thursday, but said some of the negotiations to agree new terms were complex. Under the current deal, Debswana - a 54 year-old joint venture between De Beers and the Botswana government - sells 75% of its output to De Beers, while 25% goes to the state-owned Okavango Diamond Company.
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2895.0
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2023-02-15 00:00:00 UTC
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U.S. safety board probes United runway incident at Honolulu airport
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AAL
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https://www.nasdaq.com/articles/u.s.-safety-board-probes-united-runway-incident-at-honolulu-airport
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By David Shepardson
WASHINGTON, Feb 15 (Reuters) - The National Transportation Safety Board (NTSB) said on Wednesday that it would open an investigation into a Jan. 23 incident at Honolulu Airport involving a United Airlines UAL.O widebody crossing a runway and conflicting with a Cessna landing on the same runway.
The Federal Aviation Administration (FAA), which is also investigating, said an air traffic controller told the United Boeing 777 to stop on a taxiway before reaching the runway, but the United flight crossed it as the Cessna 208B cargo plane was landing.
The Cessna came to a stop about 1,170 feet from where the United jet was crossing, the FAA said. No damage or injuries were reported.
United referred questions about the incident to the NTSB.
Acting FAA Administrator Billy Nolen said a spate of recent airline incidents have prompted him to order a safety team review and hold a safety summit next month.
NTSB chair Jennifer Homendy said last week in an interview that the board has opened investigations into 18 runway incursion incidents since 2013, including two from last summer that remain under investigation.
Last week, Homendy said a FedEx FDX.N Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided on Feb. 4 in Austin, Texas were "probably under 100 feet (30.5 meters) vertically from each other."
The FedEx plane had been set to land on a runway on which a Southwest Airlines LUV.N jet was also cleared to depart. Homendy said it could have resulted in "terrible tragedy."
Homendy said it was too early to say if there was any trend among the recent runway incursion incidents but she noted "it just takes one" to have a devastating tragedy.
Homendy said another runway incursion last month at New York's John F. Kennedy Airport in which a Delta Air Lines DAL.N plane came to a safe stop after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway could also have been tragic.
On Friday, the NTSB issued subpoenas to the American Airlines flight crew after they refused to be interviewed on the basis their statements would be recorded for transcription.
The NTSB on Tuesday said it would investigate a Dec. 18 incident in which another United 777 lost altitude and came within about 800 feet of the Pacific Ocean before recovering shortly after departing Kahului, Hawaii.
(Reporting by David Shepardson; Editing by Leslie Adler, David Gregorio and Jamie Freed)
((David.Shepardson@thomsonreuters.com; 2028988324;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Homendy said another runway incursion last month at New York's John F. Kennedy Airport in which a Delta Air Lines DAL.N plane came to a safe stop after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway could also have been tragic. Last week, Homendy said a FedEx FDX.N Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided on Feb. 4 in Austin, Texas were "probably under 100 feet (30.5 meters) vertically from each other." On Friday, the NTSB issued subpoenas to the American Airlines flight crew after they refused to be interviewed on the basis their statements would be recorded for transcription.
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Homendy said another runway incursion last month at New York's John F. Kennedy Airport in which a Delta Air Lines DAL.N plane came to a safe stop after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway could also have been tragic. The Federal Aviation Administration (FAA), which is also investigating, said an air traffic controller told the United Boeing 777 to stop on a taxiway before reaching the runway, but the United flight crossed it as the Cessna 208B cargo plane was landing. Last week, Homendy said a FedEx FDX.N Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided on Feb. 4 in Austin, Texas were "probably under 100 feet (30.5 meters) vertically from each other."
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Homendy said another runway incursion last month at New York's John F. Kennedy Airport in which a Delta Air Lines DAL.N plane came to a safe stop after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway could also have been tragic. By David Shepardson WASHINGTON, Feb 15 (Reuters) - The National Transportation Safety Board (NTSB) said on Wednesday that it would open an investigation into a Jan. 23 incident at Honolulu Airport involving a United Airlines UAL.O widebody crossing a runway and conflicting with a Cessna landing on the same runway. The Federal Aviation Administration (FAA), which is also investigating, said an air traffic controller told the United Boeing 777 to stop on a taxiway before reaching the runway, but the United flight crossed it as the Cessna 208B cargo plane was landing.
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Homendy said another runway incursion last month at New York's John F. Kennedy Airport in which a Delta Air Lines DAL.N plane came to a safe stop after air traffic controllers noticed an American Airlines AAL.O Boeing 777 had crossed from an adjacent taxiway could also have been tragic. The Federal Aviation Administration (FAA), which is also investigating, said an air traffic controller told the United Boeing 777 to stop on a taxiway before reaching the runway, but the United flight crossed it as the Cessna 208B cargo plane was landing. The Cessna came to a stop about 1,170 feet from where the United jet was crossing, the FAA said.
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2896.0
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2023-02-15 00:00:00 UTC
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Amplats CEO Viljoen to step down, join Newmont as COO
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AAL
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https://www.nasdaq.com/articles/amplats-ceo-viljoen-to-step-down-join-newmont-as-coo-0
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nan
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Adds background and CEO quote
Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said on Wednesday Chief Executive Officer Natascha Viljoen would be stepping down next year to join U.S.-based Newmont Corporation NEM.N as its chief operating officer.
Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief until completion of her 12-month notice period, Amplats said in a statement.
Amplats board chairman Norman Mbazima said the process to nominate Viljoen's successor is underway.
"While I have identified the next phase of my career, my commitment to delivering our clear objectives during this year is as firm as ever, beginning, of course, with keeping our people safe, every day," Viljoen said.
A process engineer, Viljoen was group head of processing at Anglo American Plc, before her appointment to head Amplats. She has also held leadership roles at AngloGold and was the general manager of Klipspruit Colliery, which was previously owned by global mining giant BHP BHP.AX.
(Reporting by Nelson Banya; Editing by Rashmi Aich and Sherry Jacob-Phillips)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief until completion of her 12-month notice period, Amplats said in a statement. "While I have identified the next phase of my career, my commitment to delivering our clear objectives during this year is as firm as ever, beginning, of course, with keeping our people safe, every day," Viljoen said. She has also held leadership roles at AngloGold and was the general manager of Klipspruit Colliery, which was previously owned by global mining giant BHP BHP.AX.
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Adds background and CEO quote Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said on Wednesday Chief Executive Officer Natascha Viljoen would be stepping down next year to join U.S.-based Newmont Corporation NEM.N as its chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief until completion of her 12-month notice period, Amplats said in a statement. A process engineer, Viljoen was group head of processing at Anglo American Plc, before her appointment to head Amplats.
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Adds background and CEO quote Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said on Wednesday Chief Executive Officer Natascha Viljoen would be stepping down next year to join U.S.-based Newmont Corporation NEM.N as its chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief until completion of her 12-month notice period, Amplats said in a statement. A process engineer, Viljoen was group head of processing at Anglo American Plc, before her appointment to head Amplats.
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Adds background and CEO quote Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said on Wednesday Chief Executive Officer Natascha Viljoen would be stepping down next year to join U.S.-based Newmont Corporation NEM.N as its chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief until completion of her 12-month notice period, Amplats said in a statement. Amplats board chairman Norman Mbazima said the process to nominate Viljoen's successor is underway.
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2897.0
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2023-02-15 00:00:00 UTC
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Amplats CEO Viljoen to step down, join Newmont as COO
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AAL
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https://www.nasdaq.com/articles/amplats-ceo-viljoen-to-step-down-join-newmont-as-coo
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nan
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nan
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Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said its Chief Executive Officer Natascha Viljoen would be stepping down from her post next year to join U.S.-based Newmont Corporation NEM.N as the chief operating officer.
Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief executive until the completion of her notice period of up to 12 months, Amplats said in a statement on Wednesday.
(Reporting by Nelson Banya; Editing by Rashmi Aich)
((Nelson.Banya@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said its Chief Executive Officer Natascha Viljoen would be stepping down from her post next year to join U.S.-based Newmont Corporation NEM.N as the chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief executive until the completion of her notice period of up to 12 months, Amplats said in a statement on Wednesday. (Reporting by Nelson Banya; Editing by Rashmi Aich) ((Nelson.Banya@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said its Chief Executive Officer Natascha Viljoen would be stepping down from her post next year to join U.S.-based Newmont Corporation NEM.N as the chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief executive until the completion of her notice period of up to 12 months, Amplats said in a statement on Wednesday. (Reporting by Nelson Banya; Editing by Rashmi Aich) ((Nelson.Banya@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said its Chief Executive Officer Natascha Viljoen would be stepping down from her post next year to join U.S.-based Newmont Corporation NEM.N as the chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief executive until the completion of her notice period of up to 12 months, Amplats said in a statement on Wednesday. (Reporting by Nelson Banya; Editing by Rashmi Aich) ((Nelson.Banya@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Feb 15 (Reuters) - South African miner Anglo American Platinum Ltd (Amplats) AMSJ.J said its Chief Executive Officer Natascha Viljoen would be stepping down from her post next year to join U.S.-based Newmont Corporation NEM.N as the chief operating officer. Viljoen, who has been the CEO of the world's biggest platinum group metal miner since April 2020, will continue to serve as the chief executive until the completion of her notice period of up to 12 months, Amplats said in a statement on Wednesday. (Reporting by Nelson Banya; Editing by Rashmi Aich) ((Nelson.Banya@thomsonreuters.com;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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2898.0
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2023-02-14 00:00:00 UTC
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Can Junk Fees Prevention Act Thwart Live Nation’s Monopoly?
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AAL
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https://www.nasdaq.com/articles/can-junk-fees-prevention-act-thwart-live-nations-monopoly
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At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". The act introduced in October of 2022 was initially aimed at the airline industry. The scope has expanded to include various industries, including credit cards, banking, broadband and cellphone providers, sporting events, concerts, ticketing, and live entertainment.
It is aimed at live entertainment ticketing and promotion giant Live Nation Entertainment Inc. (NYSE: LYV). It's been Teflon in the past, but this time may be different. Live Nation is no stranger to colliding with government agencies, notably over its alleged anticompetitive practices.
Cracking Down on Four Types of Junk Fees
While the US Department of Justice (DOJ) and Federal Trade Commission (FTC) enforce anticompetitive investigations and actions, President Biden wants to make changes to legislation to accelerate the change. The JFPA targets four types of junk fees that cost Americans billions of dollars annually and stifle competition. These hidden or unexpected fees can add up to hundreds of dollars a month.
Airline Fees
JFPA wants to ban airline fees for family members to sit with their children. While national carriers like United Airlines Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NYSE: AAL) have policies that ensure families can sit together with their young children, many of the regional and budget airlines like Ryanair Holdings plc (NASDAQ: RYAAY) and Spirit Airlines Inc. (NASDAQ: SAVE) still charge a fee.
Early Termination Fees
JFPA seeks to eliminate "exorbitant" early termination fees for cable and satellite TV, phone, and internet service. These fees can exceed $200 when consumers opt to switch to another provider before their contract or promotion period expires. It makes it harder for innovative new companies to enter a market as customers get penalized for switching.
The incumbent behemoths like Comcast Co. (NASDAQ: CMCSA), AT&T Inc. (NYSE: T), and Verizon Communications Inc. (NYSE: VZ) can all get hit by this change.
Resort and Destination Fees
JFPA wants to ban surprise resort fees and destination fees. They usually appear on the bill at checkout or at the end of a lengthy online registration process. When they aren't included in the online reservation process, it distorts the actual price of a hotel or resort stay. This can impact Marriott International Inc. (NYSE: MAR), Hilton Worldwide Holdings Inc. (NYSE: HLT), Wyndham Hotels & Resorts Inc. (NYSE: WH), and InterContinental Hotels Group plc (NYSE: IHG).
Excessive Online Concert, Sporting Event, and Entertainment Ticket Fees
These are the undisclosed service fees charged by online ticket sellers. Of 31 sporting events across five ticketing sites, service charges averaged over 20% of the face value of the ticket. Total fees, including processing, delivery, and facility, can cost more than 50% of the ticket cost. Even worse is that the need for more consumer options leaves the consumer no choice.
Singled Out in the Junk Fee Prevention Act
The act specifically points out, “That means that even if consumers knew they might have to pay a large fee on top of the ticket cost, they would have no way to avoid it if they wanted to attend a particular show.
One company has exclusive partnerships with a reported 80 of the top 100 arenas in the United States, allowing it to charge fees to attend events at those leading venues without fear of competition.
” That “one company” can only be Live Nation, the owner of Ticketmaster, the nation’s most dominant ticket sales and distribution company.
Double Dipping Lawsuit
In 2019, pop music star Taylor Swift filed a lawsuit against Live Nation's subsidiary Ticketmaster for double dipping by charging a service fee and delivery fee for her Love Fest concert tour. The lawsuit was settled out of court with no disclosure of the settlement. However, this is the type of behavior that the JFPA is targeting.
Material Impacts and DOJ Investigation
Live Nation has a ticketing arrangement that deals with entertainment powerhouse Endeavor Group Holdings Inc. (NYSE: EDR) and sports entertainment giant World Wrestling Entertainment Inc. (NYSE: WWE). With the growth of streaming music, musicians earn fewer royalties and have to look to live concerts and merchandise sales to grow their income. This has strengthened Live Nation’s hold on the industry.
The Department of Justice is still investigating Live Nation and Ticketmaster over monopoly concerns over the concert and events ticketing industry. Further scrutiny could negatively impact sentiment despite a solid improvement in its business. If junk fees account for 20% to 50% of the price of a ticket, the elimination or reduction of such fees could impose a big material impact on Live Nation's revenues.
Senator Amy Klobuchar has pushed for a breakup between Live Nation and Ticketmaster if misconduct is proven. Ticketmaster generates a significant portion of Live Nation’s revenues, and a breakup could send its stock plunging off a cliff.
Weekly Descending Price Channel
LYV weekly candlestick chart illustrates the descending price channel that commenced in April 2022 as shares had been sinking from $114.84 to a low of $65.05 in November 2022. Shares staged a rally after the immediate impact of a report of a DOJ antitrust probe. The weekly stochastic finally bounced back up through the 20-band in December, triggering a weekly market structure low (MSL) breakout above $74.01.
The rally continued to $83.10 in January 2023 before forming a weekly market structure high (MSH) sell trigger under $75.92. The weekly 20-period exponential moving average (EMA) support has turned into resistance at $76.96, while the 50-period MA resistance continues to fall at $87.48. The weekly stochastic is still climbing towards the 80-band.
Pullback support levels are $73.35, $70.52 weekly MSL trigger, $67.70, $65.05 swing low, and $61.50.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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While national carriers like United Airlines Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NYSE: AAL) have policies that ensure families can sit together with their young children, many of the regional and budget airlines like Ryanair Holdings plc (NASDAQ: RYAAY) and Spirit Airlines Inc. (NASDAQ: SAVE) still charge a fee. The JFPA targets four types of junk fees that cost Americans billions of dollars annually and stifle competition. One company has exclusive partnerships with a reported 80 of the top 100 arenas in the United States, allowing it to charge fees to attend events at those leading venues without fear of competition.
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While national carriers like United Airlines Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NYSE: AAL) have policies that ensure families can sit together with their young children, many of the regional and budget airlines like Ryanair Holdings plc (NASDAQ: RYAAY) and Spirit Airlines Inc. (NASDAQ: SAVE) still charge a fee. At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". It is aimed at live entertainment ticketing and promotion giant Live Nation Entertainment Inc. (NYSE: LYV).
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While national carriers like United Airlines Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NYSE: AAL) have policies that ensure families can sit together with their young children, many of the regional and budget airlines like Ryanair Holdings plc (NASDAQ: RYAAY) and Spirit Airlines Inc. (NASDAQ: SAVE) still charge a fee. Excessive Online Concert, Sporting Event, and Entertainment Ticket Fees These are the undisclosed service fees charged by online ticket sellers. If junk fees account for 20% to 50% of the price of a ticket, the elimination or reduction of such fees could impose a big material impact on Live Nation's revenues.
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While national carriers like United Airlines Holdings Inc. (NYSE: UAL) and American Airlines Group Inc. (NYSE: AAL) have policies that ensure families can sit together with their young children, many of the regional and budget airlines like Ryanair Holdings plc (NASDAQ: RYAAY) and Spirit Airlines Inc. (NASDAQ: SAVE) still charge a fee. At his State of the Union address, US President Joe Biden promoted the Junk Fees Prevention Act (JFPA) to eliminate "junk fees". The JFPA targets four types of junk fees that cost Americans billions of dollars annually and stifle competition.
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2899.0
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2023-02-13 00:00:00 UTC
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6 Reasons Why Investors Should Buy Alaska Air (ALK) Stock Now
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AAL
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https://www.nasdaq.com/articles/6-reasons-why-investors-should-buy-alaska-air-alk-stock-now
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nan
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nan
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Alaska Air Group, Inc. ALK is benefiting from continued recovery in air-travel demand. Notably, Alaska Air expects first-quarter 2023 total revenues to increase 29-32% from the first quarter of 2022 actuals. The company’s measures to reward its shareholders are encouraging.
Against this backdrop, let’s look at the factors that make this stock an attractive pick.
What Makes Alaska Air an Attractive Pick?
An Outperformer: A glimpse at the company’s price trend reveals that the stock has had an impressive run on the bourse over the past three months. Shares of Alaska Air have gained 7.2% over the past three months, outperforming the 5.3% rise of the industry it belongs to.
Image Source: Zacks Investment Research
Solid Rank & VGM Score: Alaska Air currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Thus, the company seems to be an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.
Northward Estimate Revisions:The direction of estimate revisions serves as an important pointer when it comes to the price of a stock. Over the past 90 days, the Zacks Consensus Estimate for Alaska Air’s 2023 earnings has moved up 7.1% year over year. For 2024, the Zacks Consensus Estimate for ALK's earnings has moved up 1.7% year over year.
Positive Earnings Surprise History: Alaska Air has an impressive earnings surprise history. The company delivered an earnings surprise of 8.98% in the last four quarters, on average.
Earnings Expectations: Earnings growth and stock price gains often indicate a company’s prospects. For first-quarter 2023, Alaska Air’s earnings are expected to register 73.68% growth. For 2023 and 2024, the company’s earnings are expected to grow 28.28% and 25.33% year over year, respectively. ALK has a long-term expected growth rate of 19.47%.
Growth Factors:Alaska Air’s top line is benefiting from continued recovery in air-travel demand. On the back of upbeat air-travel demand and favorable pricing, Alaska Air reported better-than-expected earnings per share in fourth-quarter 2022. ALK expects first-quarter 2023 total revenues to increase 29-32% from the first quarter of 2022 actuals. To match the upbeat demand, capacity in the March quarter is expected to expand in the 11-14% range. Further, Alaska Air announced plans to resume share repurchases in early 2023. Repurchases are anticipated to lie between $75 million and $100 million in 2023.
Other Stocks to Consider
Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and American Airlines AAL. Copa Holdings presently sports a Zacks Rank #1, while American Airlines currently carries a Zacks Rank #2.
Copa Holdings has an expected earnings growth rate of 31.58% for the current year. CPA delivered a trailing four-quarter earnings surprise of 48.95%, on average.
The Zacks Consensus Estimate for CPA’s current-year earnings has improved 9.3% over the past 90 days. Shares of CPA have soared 25.8% over the past six months.
AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
The Zacks Consensus Estimate for AAL’s current-year earnings has improved 19.3% over the past 90 days. Shares of AAL have gained 12.9% over the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Copa Holdings, S.A. (CPA) : Free Stock Analysis Report
American Airlines Group Inc. (AAL) : Free Stock Analysis Report
Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Click to get this free report Copa Holdings, S.A. (CPA) : Free Stock Analysis Report American Airlines Group Inc. (AAL) : Free Stock Analysis Report Alaska Air Group, Inc. (ALK) : Free Stock Analysis Report To read this article on Zacks.com click here. Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year.
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Other Stocks to Consider Some other top-ranked stocks from the broader Zacks Transportation sector are Copa Holdings, S.A. CPA and American Airlines AAL. AAL has an expected earnings growth rate of more than 100% for the current year. AAL delivered a trailing four-quarter earnings surprise of 8.62%, on average.
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