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6400.0
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2019-06-13 00:00:00 UTC
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S&P 500 Movers: TWTR, AAL
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AAL
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https://www.nasdaq.com/articles/sp-500-movers%3A-twtr-aal-2019-06-13
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nan
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nan
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In early trading on Thursday, shares of American Airlines Group (AAL) topped the list of the day's best performing components of the S&P 500 index, trading up 4.2%. Year to date, American Airlines Group registers a 0.9% gain.
And the worst performing S&P 500 component thus far on the day is Twitter (TWTR), trading down 3.2%. Twitter is showing a gain of 26.3% looking at the year to date performance.
Two other components making moves today are Union Pacific Corp (UNP), trading down 1.5%, and CF Industries Holdings (CF), trading up 3.1% on the day.
VIDEO: S&P 500 Movers: TWTR, AAL
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 early trading on Thursday, shares of American Airlines Group (AAL) topped the list of the day's best performing components of the S&P 500 index, trading up 4.2%. VIDEO: S&P 500 Movers: TWTR, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group registers a 0.9% gain.
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In early trading on Thursday, shares of American Airlines Group (AAL) topped the list of the day's best performing components of the S&P 500 index, trading up 4.2%. VIDEO: S&P 500 Movers: TWTR, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group registers a 0.9% gain.
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In early trading on Thursday, shares of American Airlines Group (AAL) topped the list of the day's best performing components of the S&P 500 index, trading up 4.2%. VIDEO: S&P 500 Movers: TWTR, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. And the worst performing S&P 500 component thus far on the day is Twitter (TWTR), trading down 3.2%.
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In early trading on Thursday, shares of American Airlines Group (AAL) topped the list of the day's best performing components of the S&P 500 index, trading up 4.2%. VIDEO: S&P 500 Movers: TWTR, AAL The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Year to date, American Airlines Group registers a 0.9% gain.
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6401.0
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2019-06-12 00:00:00 UTC
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Insiders Bullish on Certain Holdings of VTV
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AAL
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https://www.nasdaq.com/articles/insiders-bullish-certain-holdings-vtv-2019-06-12
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nan
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nan
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A look at the weighted underlying holdings of the Vanguard Value ETF (VTV) shows an impressive 14.8% of holdings on a weighted basis have experienced insider buying within the past six months.
UnitedHealth Group Inc (Symbol: UNH), which makes up 1.96% of the Vanguard Value ETF (VTV), has seen 2 directors and officers purchase shares in the past six months, according to the recent Form 4 data. The ETF holds a total of $1,536,183,236 worth of UNH, making it the #9 largest holding. The table below details the recent insider buying activity observed at UNH:
UNH — last trade: $245.87 — Recent Insider Buys:
And American Airlines Group Inc (Symbol: AAL), the #194 largest holding among components of the Vanguard Value ETF (VTV), shows 7 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $83,071,879 worth of AAL, which represents approximately 0.11% of the ETF's total assets at last check. The recent insider buying activity observed at AAL is detailed in the table below:
AAL — last trade: $30.58 — Recent Insider Buys:
10 ETFs With Stocks That Insiders Are 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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The table below details the recent insider buying activity observed at UNH: UNH — last trade: $245.87 — Recent Insider Buys: And American Airlines Group Inc (Symbol: AAL), the #194 largest holding among components of the Vanguard Value ETF (VTV), shows 7 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAL is detailed in the table below: AAL — last trade: $30.58 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $83,071,879 worth of AAL, which represents approximately 0.11% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at UNH: UNH — last trade: $245.87 — Recent Insider Buys: And American Airlines Group Inc (Symbol: AAL), the #194 largest holding among components of the Vanguard Value ETF (VTV), shows 7 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAL is detailed in the table below: AAL — last trade: $30.58 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $83,071,879 worth of AAL, which represents approximately 0.11% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at UNH: UNH — last trade: $245.87 — Recent Insider Buys: And American Airlines Group Inc (Symbol: AAL), the #194 largest holding among components of the Vanguard Value ETF (VTV), shows 7 directors and officers as recently filing Form 4's indicating purchases. The recent insider buying activity observed at AAL is detailed in the table below: AAL — last trade: $30.58 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are Buying » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The ETF holds $83,071,879 worth of AAL, which represents approximately 0.11% of the ETF's total assets at last check.
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The table below details the recent insider buying activity observed at UNH: UNH — last trade: $245.87 — Recent Insider Buys: And American Airlines Group Inc (Symbol: AAL), the #194 largest holding among components of the Vanguard Value ETF (VTV), shows 7 directors and officers as recently filing Form 4's indicating purchases. The ETF holds $83,071,879 worth of AAL, which represents approximately 0.11% of the ETF's total assets at last check. The recent insider buying activity observed at AAL is detailed in the table below: AAL — last trade: $30.58 — Recent Insider Buys: 10 ETFs With Stocks That Insiders Are 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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6402.0
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2019-06-05 00:00:00 UTC
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Consumer Sector Update for 06/05/2019: AAL,CHDN,CPB,GME
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AAL
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https://www.nasdaq.com/articles/consumer-sector-update-for-06-05-2019%3A-aalchdncpbgme-2019-06-05
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nan
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nan
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Top Consumer Stocks
WMT +1.98%
MCD +0.27%
DIS +0.77%
CVS -2.51%
KO +1.59%
Consumer stocks turned broadly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing over 1.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were posting a more than 0.2% advance, reversing an earlier decline.
Among consumer stocks moving on news:
(+) American Airlines Group (AAL) was 4% higher in late trade after new regulatory filings late Tuesday showed the top six executives at the airline purchased a combined 85,000 shares on the open market for about $2.4 million. CEO Doug Parker spent $1.4 to buy 50,000 shares while company president Robert Isom bought 15,000 shares for $416,250. CFO Derek Kerr and three other American executives each acquired 5,000 shares for $138,800.
In other sector news:
(+) Campbell Soup (CPB) climbed more than 9% after posting better-than-expected results for its fiscal Q3 and raised its FY19 earnings outlook, buttressed by its acquisition last year of salty snacks maker Synder's-Lance. It earned $0.56 per share during the three months ended April 28, excluding one-time items, on $2.39 billion in net sales, topping the Capital IQ consensus by $0.09 per share and $40 million, respectively.
(+) Churchill Downs (CHDN) was 6% higher in Wednesday's late trade after the Telsey Advisory Group raised its stock rating for the racing and casino company to outperform from market perform and also boosted its price target for Churchill shares by $12 to $120 a share.
(-) Gamestop (GME) dropped 40% to its lowest price since 2003 at $4.71 a share as analysts at three brokerages cut their price targets for the electronic games retailer after it reported Q1 sales trailing Wall Street expectations and terminated its quarterly dividend, effective immediately.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
Among consumer stocks moving on news: (+) American Airlines Group (AAL) was 4% higher in late trade after new regulatory filings late Tuesday showed the top six executives at the airline purchased a combined 85,000 shares on the open market for about $2.4 million. In other sector news: (+) Campbell Soup (CPB) climbed more than 9% after posting better-than-expected results for its fiscal Q3 and raised its FY19 earnings outlook, buttressed by its acquisition last year of salty snacks maker Synder's-Lance. (+) Churchill Downs (CHDN) was 6% higher in Wednesday's late trade after the Telsey Advisory Group raised its stock rating for the racing and casino company to outperform from market perform and also boosted its price target for Churchill shares by $12 to $120 a share.
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Among consumer stocks moving on news: (+) American Airlines Group (AAL) was 4% higher in late trade after new regulatory filings late Tuesday showed the top six executives at the airline purchased a combined 85,000 shares on the open market for about $2.4 million. Top Consumer Stocks Consumer stocks turned broadly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing over 1.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were posting a more than 0.2% advance, reversing an earlier decline.
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Among consumer stocks moving on news: (+) American Airlines Group (AAL) was 4% higher in late trade after new regulatory filings late Tuesday showed the top six executives at the airline purchased a combined 85,000 shares on the open market for about $2.4 million. Consumer stocks turned broadly higher this afternoon, with shares of consumer staples companies in the S&P 500 climbing over 1.1% this afternoon while shares of consumer discretionary firms in the S&P 500 were posting a more than 0.2% advance, reversing an earlier decline. (+) Churchill Downs (CHDN) was 6% higher in Wednesday's late trade after the Telsey Advisory Group raised its stock rating for the racing and casino company to outperform from market perform and also boosted its price target for Churchill shares by $12 to $120 a share.
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Among consumer stocks moving on news: (+) American Airlines Group (AAL) was 4% higher in late trade after new regulatory filings late Tuesday showed the top six executives at the airline purchased a combined 85,000 shares on the open market for about $2.4 million. Top Consumer Stocks CEO Doug Parker spent $1.4 to buy 50,000 shares while company president Robert Isom bought 15,000 shares for $416,250.
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6403.0
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2019-06-05 00:00:00 UTC
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Noteworthy Wednesday Option Activity: GTT, IR, AAL
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AAL
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https://www.nasdaq.com/articles/noteworthy-wednesday-option-activity%3A-gtt-ir-aal-2019-06-05
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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 GTT Communications, Inc (Symbol: GTT), where a total volume of 3,232 contracts has been traded thus far today, a contract volume which is representative of approximately 323,200 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 66.1% of GTT's average daily trading volume over the past month, of 489,040 shares. Especially high volume was seen for the $22.50 strike call option expiring August 16, 2019, with 1,511 contracts trading so far today, representing approximately 151,100 underlying shares of GTT. Below is a chart showing GTT's trailing twelve month trading history, with the $22.50 strike highlighted in orange:
Ingersoll-Rand plc (Symbol: IR) options are showing a volume of 8,700 contracts thus far today. That number of contracts represents approximately 870,000 underlying shares, working out to a sizeable 64.7% of IR's average daily trading volume over the past month, of 1.3 million shares. Especially high volume was seen for the $105 strike call option expiring June 21, 2019, with 2,452 contracts trading so far today, representing approximately 245,200 underlying shares of IR. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 60.3% of AAL's average daily trading volume over the past month, of 6.6 million shares. Particularly high volume was seen for the $32 strike call option expiring August 16, 2019, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange:
For the various different available expirations for GTT options, IR options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $32 strike call option expiring August 16, 2019, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 60.3% of AAL's average daily trading volume over the past month, of 6.6 million shares.
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That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 60.3% of AAL's average daily trading volume over the past month, of 6.6 million shares. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today. Particularly high volume was seen for the $32 strike call option expiring August 16, 2019, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL.
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Particularly high volume was seen for the $32 strike call option expiring August 16, 2019, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today. That number of contracts represents approximately 4.0 million underlying shares, working out to a sizeable 60.3% of AAL's average daily trading volume over the past month, of 6.6 million shares.
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Particularly high volume was seen for the $32 strike call option expiring August 16, 2019, with 3,157 contracts trading so far today, representing approximately 315,700 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $32 strike highlighted in orange: For the various different available expirations for GTT options, IR options, or AAL options, visit StockOptionsChannel.com. Below is a chart showing IR's trailing twelve month trading history, with the $105 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 39,528 contracts thus far today.
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6404.0
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2019-06-05 00:00:00 UTC
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Stock Market News: Halliburton Slides While American Airlines Flies
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AAL
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https://www.nasdaq.com/articles/stock-market-news%3A-halliburton-slides-while-american-airlines-flies-2019-06-05
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nan
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nan
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After a strong gain on Tuesday, the stock market returned to a more conservative tone on Wednesday morning as investors tried to get their bearings following comments from the chairman of the Federal Reserve. Even as many market participants celebrated the apparent openness from Fed Chair Jerome Powell and other officials to consider lowering interest rates if economic conditions deteriorate, long-held concerns about trade and global economic conditions kept stocks from making too many further advances. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 138 points to 25,470. The S&P 500 (SNPINDEX: ^GSPC) gained 13 points to 2,816, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 23 points to 7,550.
Some stocks have responded to macroeconomic factors in other financial markets, and one of the most important has been the recent plunge in oil prices. Falling crude has sent oil services specialists like Halliburton (NYSE: HAL) for a loop, but at the same time, they've been good news for airlines like American Airlines Group (NASDAQ: AAL) that count fuel as one of their largest expenses.
Halliburton deals with fears of $50 crude
Shares of Halliburton were down 4% on Wednesday morning, generally following a trend among a broader range of oil services stocks. The move came at the same time that crude oil fell another $2 per barrel, dropping below $51.50 and leading some to predict a drop to $50.
The reason for falling oil prices might not be evident in the U.S., where economic activity remains robust. However, demand has weakened across other areas of the globe, and suppliers haven't coordinated successfully to try to limit the amount of crude that's available. At the same time, energy players in the U.S. have boosted production in response to the upward movement in oil prices that the market saw in 2018, and it'll take time for the market to adjust if they decide to curtail their operations.
Halliburton and its peers are sensitive to the capital spending decisions that producers around the world make, and weakness in crude points toward another downward cycle in drilling investment. Unless its customers keep up their drilling activity despite lower prices, Halliburton could continue to see poorer financial performance that could lead to even larger declines.
Image source: American Airlines.
American Airlines regains altitude
American Airlines Group saw its stock move in the other direction, climbing 4% and adding to an even bigger 7% gain on Tuesday. Falling oil means lower fuel prices, and that's beneficial for American, but the story goes beyond that simple catalyst.
For months now, investors have been nervous about American's relative position in the industry. The airline's decision to be an early adopter of the 737 MAX aircraft has turned out to be problematic, as that portion of its fleet remains grounded pending regulatory approval of planned fixes. Although the impact on American's overall operations is relatively small, it was still enough to prompt the airline to predict hundreds of millions of dollars of negative impact on pre-tax earnings for 2019.
Yet more recently, American has started to show some signs of life. Investors seem to be paying more attention to planned growth opportunities like the company's expansion at its key Dallas-Fort Worth hub, and similar expansions in Charlotte and Washington should add to the positive impact. Key executives have shown their support by making insider purchases of stock, including a 50,000 share buy from CEO Doug Parker amounting to more than $1.4 million and smaller moves from President Robert Isom and a quartet of executive vice presidents.
Airlines in general are vulnerable to economic slowdowns, so investors shouldn't consider the stock cleared for takeoff just yet. But with some of the clouds starting to give way to blue skies, American is in a good position to mount a comeback and fly higher in the months to come.
10 stocks we like better than Halliburton
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Halliburton 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 March 1, 2019
Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
|
Falling crude has sent oil services specialists like Halliburton (NYSE: HAL) for a loop, but at the same time, they've been good news for airlines like American Airlines Group (NASDAQ: AAL) that count fuel as one of their largest expenses. After a strong gain on Tuesday, the stock market returned to a more conservative tone on Wednesday morning as investors tried to get their bearings following comments from the chairman of the Federal Reserve. Halliburton and its peers are sensitive to the capital spending decisions that producers around the world make, and weakness in crude points toward another downward cycle in drilling investment.
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Falling crude has sent oil services specialists like Halliburton (NYSE: HAL) for a loop, but at the same time, they've been good news for airlines like American Airlines Group (NASDAQ: AAL) that count fuel as one of their largest expenses. Unless its customers keep up their drilling activity despite lower prices, Halliburton could continue to see poorer financial performance that could lead to even larger declines. American Airlines regains altitude American Airlines Group saw its stock move in the other direction, climbing 4% and adding to an even bigger 7% gain on Tuesday.
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Falling crude has sent oil services specialists like Halliburton (NYSE: HAL) for a loop, but at the same time, they've been good news for airlines like American Airlines Group (NASDAQ: AAL) that count fuel as one of their largest expenses. American Airlines regains altitude American Airlines Group saw its stock move in the other direction, climbing 4% and adding to an even bigger 7% gain on Tuesday. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Dan Caplinger has no position in any of the stocks mentioned.
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Falling crude has sent oil services specialists like Halliburton (NYSE: HAL) for a loop, but at the same time, they've been good news for airlines like American Airlines Group (NASDAQ: AAL) that count fuel as one of their largest expenses. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Halliburton wasn't one of them! The Motley Fool has no position in any of the stocks mentioned.
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6405.0
|
2019-06-04 00:00:00 UTC
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Why American Airlines Stock Dropped 20% in May
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-dropped-20-may-2019-06-04
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nan
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nan
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What happened
Shares of American Airlines Group (NASDAQ: AAL) lost 20.3% in value last month, according to data provided by S&P Global Market Intelligence. The company announced a mixed first-quarter earnings report in late April, with earnings exceeding analysts' expectations but revenue coming in slightly below estimates.
American Airlines stock initially rebounded on the news, but in early May, Boeing stock was downgraded by one analyst, which had a spillover effect to the rest of the airline industry. The downgrade was based on a survey conducted by the analyst revealing that passengers plan to choose flights based on the type of aircraft after the recent crashes involving the new Boeing 737 MAX.
The survey presents an additional obstacle the airlines have to deal with in the short term, on top of rising fuel costs. After the Boeing downgrade, airline stocks across the board began a hard sell-off that continued through the end of May.
IMAGE SOURCE: GETTY IMAGES.
So what
The grounding of the 737 MAX has been a disruption to flight schedules for the major airlines in recent months. However, airline investors had brushed off the impact of the recent flight cancellations, expecting that the 737 MAX would start flying again soon, which would get the major airlines back to normal performance.
However, if more passengers avoid the 737 MAX altogether, that means the aircraft has totally lost the trust of passengers -- and that presents an additional headwind to the airlines in the short term that investors hadn't counted on. Since Wall Street typically hates uncertainty, it's not surprising that airline stocks sold off last month.
Now what
American Airlines says that 2% of its total capacity is impacted each day this summer by the grounding of the 737 MAX. This represents a tiny percentage of American's fleet, but management pointed out that the company is still footing the bill to operate the entire fleet. As a result, the company expects the cancellations to cut about $350 million off pre-tax earnings this year.
Still, management expects full-year earnings to be up approximately 10% compared to 2018, while analysts expect revenue to increase by 4.1% this year.
Even with the recent challenges, CEO Doug Parker is optimistic about the long term: "As we look forward to 2020 and beyond, we anticipate that our free cash flow production will increase significantly as our historic fleet replacement program winds down. We are very bullish on our future and focused on creating value for our shareholders."
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group 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 March 1, 2019
John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
|
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 20.3% in value last month, according to data provided by S&P Global Market Intelligence. The survey presents an additional obstacle the airlines have to deal with in the short term, on top of rising fuel costs. Even with the recent challenges, CEO Doug Parker is optimistic about the long term: "As we look forward to 2020 and beyond, we anticipate that our free cash flow production will increase significantly as our historic fleet replacement program winds down.
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 20.3% in value last month, according to data provided by S&P Global Market Intelligence. After the Boeing downgrade, airline stocks across the board began a hard sell-off that continued through the end of May. However, if more passengers avoid the 737 MAX altogether, that means the aircraft has totally lost the trust of passengers -- and that presents an additional headwind to the airlines in the short term that investors hadn't counted on.
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 20.3% in value last month, according to data provided by S&P Global Market Intelligence. American Airlines stock initially rebounded on the news, but in early May, Boeing stock was downgraded by one analyst, which had a spillover effect to the rest of the airline industry. However, airline investors had brushed off the impact of the recent flight cancellations, expecting that the 737 MAX would start flying again soon, which would get the major airlines back to normal performance.
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 20.3% in value last month, according to data provided by S&P Global Market Intelligence. However, if more passengers avoid the 737 MAX altogether, that means the aircraft has totally lost the trust of passengers -- and that presents an additional headwind to the airlines in the short term that investors hadn't counted on. As a result, the company expects the cancellations to cut about $350 million off pre-tax earnings this year.
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6406.0
|
2019-06-04 00:00:00 UTC
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Why American Airlines, General Motors, And Bed Bath & Beyond Stocks All Popped This Morning
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-general-motors-and-bed-bath-beyond-stocks-all-popped-morning-2019-06
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nan
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nan
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What happened
Participating in a broad-based stock market rally that's already sent the S&P 500 soaring 1.6% (as of 1:20 p.m. EDT), shares of American Airlines Group (NASDAQ: AAL), General Motors (NYSE: GM), and Bed Bath & Beyond (NASDAQ: BBBY) went off to the races this morning, with each stock up more than 5%.
American Airlines and General Motors stocks are holding onto these gains in midafternoon trading. Bed Bath and Beyond, in contrast, has given back more than half its gains and currently sits up just 1.8%.
Image source: Getty Images.
So what
What's all the fuss about? There are no obvious, specific catalysts driving the individual rallies at any of these companies. Rather, I think all of the rallies in each of these stocks can be traced back to a common cause: interest rates, and the fact that they might soon decline.
Yesterday, James Bullard, president of the Federal Reserve Bank of St. Louis, was quoted opining that with the economy starting to suffer from the effects of President Trump's ongoing trade war with China, cutting the Fed's targeted interest rate "may be warranted soon." Today, Federal Reserve Chair Jerome Powell seemed to second that emotion, promising the Fed will "act as appropriate" to keep the economy growing -- a statement investors are interpreting to mean that the Fed may cut interest rates.
Now what
Fine and dandy. Now what does all this mean for American Airlines, General Motors, and Bed Bath & Beyond in particular?
Well, if interest rates go down, then the cost of American Airlines servicing its $33.4 billion debt should go down as well. For a company carrying nearly three times its own market capitalization in debt, that's kind of a big deal.
Lower interest rates could also work to the benefit of General Motors; in addition to carrying a sizable debt load, GM is in the business of selling cars and trucks that people generally buy on credit -- paying interest to do so. The lower interest rates go, the cheaper GM's vehicles end up being for consumers, which could have a beneficial effect on both sales and earnings.
And Bed Bath & Beyond? That one's a little trickier. Bed Bath does have some debt -- about $500 million net of cash -- and lower interest rates on that can't hurt. Bed Bath also has a store-branded credit card (backed by Comenity Bank), and lower interest rates might encourage a little more consumer spending there as well. Still, the benefits to Bed Bath from lower interest rates aren't as clear-cut as those for American Airlines and for GM.
This, if you ask me, is why American and GM are holding onto more of their gains this afternoon, while Bed Bath stock is already starting to slip back.
10 stocks we like better than General Motors
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and General Motors 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 March 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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What happened Participating in a broad-based stock market rally that's already sent the S&P 500 soaring 1.6% (as of 1:20 p.m. EDT), shares of American Airlines Group (NASDAQ: AAL), General Motors (NYSE: GM), and Bed Bath & Beyond (NASDAQ: BBBY) went off to the races this morning, with each stock up more than 5%. The lower interest rates go, the cheaper GM's vehicles end up being for consumers, which could have a beneficial effect on both sales and earnings. Bed Bath does have some debt -- about $500 million net of cash -- and lower interest rates on that can't hurt.
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What happened Participating in a broad-based stock market rally that's already sent the S&P 500 soaring 1.6% (as of 1:20 p.m. EDT), shares of American Airlines Group (NASDAQ: AAL), General Motors (NYSE: GM), and Bed Bath & Beyond (NASDAQ: BBBY) went off to the races this morning, with each stock up more than 5%. Now what does all this mean for American Airlines, General Motors, and Bed Bath & Beyond in particular? Still, the benefits to Bed Bath from lower interest rates aren't as clear-cut as those for American Airlines and for GM.
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What happened Participating in a broad-based stock market rally that's already sent the S&P 500 soaring 1.6% (as of 1:20 p.m. EDT), shares of American Airlines Group (NASDAQ: AAL), General Motors (NYSE: GM), and Bed Bath & Beyond (NASDAQ: BBBY) went off to the races this morning, with each stock up more than 5%. Lower interest rates could also work to the benefit of General Motors; in addition to carrying a sizable debt load, GM is in the business of selling cars and trucks that people generally buy on credit -- paying interest to do so. Still, the benefits to Bed Bath from lower interest rates aren't as clear-cut as those for American Airlines and for GM.
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What happened Participating in a broad-based stock market rally that's already sent the S&P 500 soaring 1.6% (as of 1:20 p.m. EDT), shares of American Airlines Group (NASDAQ: AAL), General Motors (NYSE: GM), and Bed Bath & Beyond (NASDAQ: BBBY) went off to the races this morning, with each stock up more than 5%. Now what does all this mean for American Airlines, General Motors, and Bed Bath & Beyond in particular? Lower interest rates could also work to the benefit of General Motors; in addition to carrying a sizable debt load, GM is in the business of selling cars and trucks that people generally buy on credit -- paying interest to do so.
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6407.0
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2019-06-03 00:00:00 UTC
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Why American Airlines Stock Could Bounce Back From Its Recent 52-Week Low
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-could-bounce-back-its-recent-52-week-low-2019-06-04
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nan
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nan
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Shares of American Airlines (NASDAQ: AAL) plunged to a new 52-week low last week as rising trade tensions and fears of a global economic slowdown roiled the stock market.
Its Friday closing price of $27.23 was less than six times American Airlines' projected 2019 earnings. Other than a brief period of panic in mid-2016 following the U.K.'s vote in favor of Brexit, American Airlines stock hadn't fallen below $30 since shortly after its late-2013 merger with US Airways.
American Airlines Stock Performance, data by YCharts.
To be sure, American Airlines faces serious threats, including stubbornly high costs; massive debt, pension, and lease liabilities; and continuing labor unrest. Nevertheless, investors may be underestimating the ability of the world's largest airline to bounce back from its current challenges.
Global economic turmoil: Bad for American, worse for its rivals
Slowing economic growth and rising tariffs threaten the profits of global businesses. Lower profits could, in turn, encourage companies to save money by cutting back on discretionary business travel. The weakening of international trade relationships could have a particularly large impact on long-haul international travel. All of this explains why investors have sent the shares of global airlines like American Airlines lower recently.
That said, American Airlines has a smaller footprint in China -- and Asia more broadly -- than its two main rivals, particularly after the cutbacks it implemented last year. Furthermore, American gets 73% of its passenger revenue from the domestic market, compared to 71% for Delta Air Lines and about 62% for United Continental. Thus, an extended trade war with China might not hurt American Airlines as much as its competitors.
Meanwhile, trade tensions and fears of an economic slowdown have sent oil prices tumbling. Crude prices have fallen by more than $10 per barrel since late April -- with most of that drop coming in the last two weeks -- following sharp increases in the first several months of 2019.
A $650 million increase in the carrier's full-year fuel cost estimate was one big factor driving American Airlines' April guidance cut. (The company reduced its EPS forecast from a $5.50 to $7.50 range to a $4 to $6 range at that time.) Yet jet fuel prices are now slightly lower than when it made its initial forecast in late January. That could offset some deterioration in the revenue environment.
Of course, there's no guarantee that fuel cost savings will outweigh the impact of a slowdown on unit revenue. However, the U.S. economy still seems quite strong, which should limit the near-term risk of a big drop in unit revenue, whereas the fuel cost savings are already flowing through to American Airlines' bottom line.
A big profit-growth catalyst is about to kick in
Another reason why American Airlines stock could recover is that the carrier's biggest revenue-growth initiative in recent years just started to ramp up. This spring, it began to add a slew of new routes at Dallas-Fort Worth International Airport (DFW) -- its largest hub, and also one of its most profitable. It's also increasing its flight frequency on many existing routes.
In total, American expects to grow its DFW service from 810 peak-day departures in 2018 to around 910 peak-day departures this summer. The recent opening of 15 new regional jet gates at the airport has paved the way for this growth. Management believes that driving more traffic through its largest hub and enabling more connections there will unlock significant unit revenue and margin growth. The new routes are already off to a good start, and performance should improve beginning this summer as the routes mature.
American Airlines is expanding the number of flights it operates from its most profitable hubs to boost earnings. Image source: American Airlines.
Ongoing terminal expansions in Charlotte and Washington, D.C., will allow American to grow its operations in its other two highest-margin hubs in 2020 and 2021. And DFW is beginning to design a new terminal that would add up to 24 new gates as early as 2025, enabling further growth there.
The combination of expansion and lower fuel prices will likely drive an acceleration in American Airlines' earnings growth beginning next quarter. On the flip side, the carrier has ample room to shore up profitability by eliminating low-margin routes from its smaller hubs in the event of a broader economic slowdown.
Additionally, the carrier plans to reduce capex dramatically over the next three years. This will free up cash so it can start paying down debt. The company still faces plenty of risks, but American Airlines stock already trades at a massive discount to the market. If its earnings growth accelerates as expected, the stock price could quickly take flight.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group 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 March 1, 2019
Adam Levine-Weinberg owns shares of Delta Air Lines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends 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 American Airlines (NASDAQ: AAL) plunged to a new 52-week low last week as rising trade tensions and fears of a global economic slowdown roiled the stock market. However, the U.S. economy still seems quite strong, which should limit the near-term risk of a big drop in unit revenue, whereas the fuel cost savings are already flowing through to American Airlines' bottom line. A big profit-growth catalyst is about to kick in Another reason why American Airlines stock could recover is that the carrier's biggest revenue-growth initiative in recent years just started to ramp up.
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Shares of American Airlines (NASDAQ: AAL) plunged to a new 52-week low last week as rising trade tensions and fears of a global economic slowdown roiled the stock market. A $650 million increase in the carrier's full-year fuel cost estimate was one big factor driving American Airlines' April guidance cut. The combination of expansion and lower fuel prices will likely drive an acceleration in American Airlines' earnings growth beginning next quarter.
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Shares of American Airlines (NASDAQ: AAL) plunged to a new 52-week low last week as rising trade tensions and fears of a global economic slowdown roiled the stock market. All of this explains why investors have sent the shares of global airlines like American Airlines lower recently. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Adam Levine-Weinberg owns shares of Delta Air Lines and is long January 2020 $20 calls on American Airlines Group.
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Shares of American Airlines (NASDAQ: AAL) plunged to a new 52-week low last week as rising trade tensions and fears of a global economic slowdown roiled the stock market. Global economic turmoil: Bad for American, worse for its rivals Slowing economic growth and rising tariffs threaten the profits of global businesses. All of this explains why investors have sent the shares of global airlines like American Airlines lower recently.
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6408.0
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2019-05-31 00:00:00 UTC
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Labor Tensions Fade at Southwest Airlines but Rise at American Airlines
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AAL
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https://www.nasdaq.com/articles/labor-tensions-fade-southwest-airlines-rise-american-airlines-2019-06-01
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nan
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Back in February, a labor dispute caused major operational disruptions at Southwest Airlines (NYSE: LUV). Southwest's aggressive response to what it alleged was an illegal work slowdown by its mechanics initially caused tensions to rise even further. However, the two sides have resolved their differences, recently agreeing to (and ratifying) a new long-term contract.
While labor tensions have cooled at Southwest, similar issues are now cropping up at American Airlines (NASDAQ: AAL). In all likelihood, American will have a much tougher time achieving labor peace than its rival.
Southwest makes peace with its mechanics
In mid-February, Southwest saw an unusual surge in maintenance issues, leading to hundreds of flight cancellations each day. The carrier quickly concluded that mechanics in certain cities were engaging in a deliberate work slowdown to gain leverage in ongoing contract negotiations.
Southwest suffered a spike in maintenance-related cancellations in February. Image source: Southwest Airlines.
Southwest responded by declaring an "operational emergency" and threatened to fire mechanics who called in sick without a valid doctor's note. It then sued the mechanics' union on Feb. 28, demanding that the union take action to end what the airline described as an illegal slowdown.
However, at the same time as it was taking these actions, Southwest continued to negotiate with the mechanics' union. These talks led to a tentative contract agreement by mid-March. The airline offered an immediate 20% pay raise and $160 million in retroactive pay in exchange for work-rule changes.
Southwest's mechanics previously had rejected the last tentative agreement that came up for ratification. Fortunately, the new agreement passed muster. Southwest announced on May 21 that the new contract would go into effect immediately and continue until April 2024.
An eerily similar situation
Recent developments at American Airlines have been remarkably similar to what transpired at Southwest earlier this year. The airline says that it had to cancel 644 flights and delay 270 others by at least two hours between Feb. 4 and May 13 due to a spike in maintenance write-ups.
Image source: American Airlines.
Like Southwest, American claims that the only reasonable explanation is a deliberate work action by its mechanics, who are several years into contract negotiations. In another parallel, the spike in maintenance-related cancellations seems to be concentrated in a few cities -- in this case, Charlotte, Philadelphia, and Phoenix. American also noted that mechanics have suddenly started refusing overtime, making it hard to address maintenance issues.
American is responding in much the same way as Southwest did a few months ago. On May 20, it filed a lawsuit against the two unions that represent its mechanics, asking a federal judge to force them to end the alleged slowdown.
Union leaders have denied that the mechanics are engaging in any illegal job action. They claim that the lawsuit is an attempt by management to bully them into allowing American to send more maintenance work overseas.
Resolving this dispute won't be easy
Though Southwest had been embroiled in contentious negotiations with its mechanics for more than six years at the time of its labor dispute earlier this year, the carrier has generally been known for good labor relations. This may help rebuild trust between management and labor in the years ahead.
By contrast, American has clashed repeatedly with its unions over the years. Despite handing out no-strings-attached bonuses and raises to many workers in recent years, American has continued to suffer from mediocre employee morale. Notably, American outsources far less maintenance work than its main competitors, yet this does not seem to have bought it any goodwill with its mechanics.
This lack of trust could make it even harder to de-escalate the current labor tensions. American's pilots and flight attendants have also jumped into the fray, criticizing the airline for taking the mechanics' unions to court. That doesn't bode well for upcoming contract negotiations with the unions for those work groups.
American has much lower margins than Southwest, so it can't afford to buy its way out of labor trouble by giving its unions everything they want. As a result, investors should expect labor tensions to be an ongoing issue at the world's largest airline.
10 stocks we like better than Southwest Airlines
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Southwest 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 March 1, 2019
Adam Levine-Weinberg owns shares of Southwest Airlines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends 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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While labor tensions have cooled at Southwest, similar issues are now cropping up at American Airlines (NASDAQ: AAL). The carrier quickly concluded that mechanics in certain cities were engaging in a deliberate work slowdown to gain leverage in ongoing contract negotiations. Southwest responded by declaring an "operational emergency" and threatened to fire mechanics who called in sick without a valid doctor's note.
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While labor tensions have cooled at Southwest, similar issues are now cropping up at American Airlines (NASDAQ: AAL). Back in February, a labor dispute caused major operational disruptions at Southwest Airlines (NYSE: LUV). Southwest's aggressive response to what it alleged was an illegal work slowdown by its mechanics initially caused tensions to rise even further.
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While labor tensions have cooled at Southwest, similar issues are now cropping up at American Airlines (NASDAQ: AAL). Like Southwest, American claims that the only reasonable explanation is a deliberate work action by its mechanics, who are several years into contract negotiations. Resolving this dispute won't be easy Though Southwest had been embroiled in contentious negotiations with its mechanics for more than six years at the time of its labor dispute earlier this year, the carrier has generally been known for good labor relations.
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While labor tensions have cooled at Southwest, similar issues are now cropping up at American Airlines (NASDAQ: AAL). It then sued the mechanics' union on Feb. 28, demanding that the union take action to end what the airline described as an illegal slowdown. However, at the same time as it was taking these actions, Southwest continued to negotiate with the mechanics' union.
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6409.0
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2019-05-29 00:00:00 UTC
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When Will the Boeing 737 MAX Return to Service?
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AAL
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https://www.nasdaq.com/articles/when-will-boeing-737-max-return-service-2019-05-30
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nan
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nan
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In recent weeks, the Boeing (NYSE: BA) 737 MAX has continued to make progress toward recertification, following two deadly crashes over the past year. In fact, Federal Aviation Administration (FAA) representatives recently told the International Civil Aviation Organization that the FAA may be able to clear the jet for a return to service by late June.
That said, the timeline for recertification isn't set in stone. Moreover, airlines won't be able to reactivate their Boeing 737 MAX fleets instantaneously. As a result, it seems increasingly likely that the 737 MAX will return to service during the month of August -- at least for domestic operators American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Continental (NASDAQ: UAL).
Boeing and the FAA make progress -- slowly
On May 16, Boeing said that it had finished developing new software to address problems with the 737 MAX's "Maneuvering Characteristics Augmentation System" (MCAS) that contributed to fatal crashes in October 2018 and March 2019. At the time, Boeing had already operated 207 test flights with the new software, totaling more than 360 hours in the air.
The FAA and other aviation regulators around the world are now reviewing Boeing's software update. This analysis has been expanded to cover how pilots respond to emergencies in older versions of the 737, according to The Wall Street Journal.
Boeing has submitted its 737 MAX MCAS software update to the FAA. Image source: Boeing.
The broadened scope of the review has delayed the recertification process. Last week, Boeing said that it was addressing information requests from the FAA, after which it would be able to schedule a certification test flight.
The recertification process has been further complicated by a loss of trust in the FAA among other aviation regulators -- not to mention the flying public. Luckily, an FAA-hosted summit of regulators from more than 30 countries on May 23 appears to have gone well. This reduces the likelihood of a big divergence between the FAA and other aviation regulators around the world regarding the recertification process.
Public and private remarks diverge
In public, FAA Acting Administrator Daniel Elwell has said that the FAA needs to follow its processes, rather than setting a target date for recertifying the 737 MAX. Elwell doesn't want anyone to cut corners in the ongoing safety review just to hit an artificial deadline.
Privately, officials have been less circumspect. Based on where Boeing and the FAA are in the process right now, there's a good chance that the FAA will be able to clear the 737 MAX for a return to service within a month or so.
The FAA may lift the 737 MAX grounding order as soon as late June. Image source: Southwest Airlines.
Of course, airlines are eager to get their 737 MAX fleets back in service as soon as possible. For example, Southwest Airlines has 34 737 MAX 8s -- accounting for more than 4% of its fleet -- and would have even more, had deliveries not been halted in March. Within the U.S., American Airlines and United Airlines also have significant exposure to the 737 MAX, albeit not as much as Southwest. The airlines have had to trim their schedules during the summer peak season, thereby missing out on profitable revenue.
That said, airlines also recognize the need for a complete and transparent safety review. Getting the 737 MAX back in service a few weeks earlier won't be helpful if there are lingering safety problems. Indeed, it will be hard enough to regain the public's trust as things stand now.
August seems likely
Once the FAA lifts its grounding order, it could take up to a month for American, Southwest, and United to get their 737 MAX fleets ready for service again. It can take about 120 hours of work to get a plane ready to fly again after being parked in long-term storage, according to Bloomberg, and each of the airlines has more than a dozen planes that will need this maintenance work.
That's why the head of the International Air Transport Association stated on Wednesday that the 737 MAX was likely 10 to 12 weeks away from resuming commercial service. That would put the return to service sometime in August.
As of mid-April, American Airlines and Southwest Airlines had already removed the 737 MAX from their schedules through Aug. 19 and Aug. 5, respectively. By contrast, United Airlines had only canceled its 737 MAX flights through early July. Late last week, United bowed to the inevitable and extended its 737 MAX cancellations to Aug. 3.
Southwest and United may be able to get the 737 MAX back into service by early August as they hope, but it's not guaranteed. American's plan to reintroduce the 737 MAX two weeks later is definitely safer. On the other hand, American Airlines recently scheduled new flights on the 737 MAX for September, so the airline is clearly confident that the planes will be ready by then.
U.S. air travelers will have to endure a summer of especially crowded planes as airlines manage through the 737 MAX grounding during the peak season this year. But by sometime in August, the 737 MAX should be flying again, enabling airlines to get their fleet plans back on track.
10 stocks we like better than Boeing
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boeing 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 March 1, 2019
Adam Levine-Weinberg owns shares of Southwest Airlines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends 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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As a result, it seems increasingly likely that the 737 MAX will return to service during the month of August -- at least for domestic operators American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Continental (NASDAQ: UAL). In recent weeks, the Boeing (NYSE: BA) 737 MAX has continued to make progress toward recertification, following two deadly crashes over the past year. August seems likely Once the FAA lifts its grounding order, it could take up to a month for American, Southwest, and United to get their 737 MAX fleets ready for service again.
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As a result, it seems increasingly likely that the 737 MAX will return to service during the month of August -- at least for domestic operators American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Continental (NASDAQ: UAL). The FAA and other aviation regulators around the world are now reviewing Boeing's software update. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Adam Levine-Weinberg owns shares of Southwest Airlines and is long January 2020 $20 calls on American Airlines Group.
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As a result, it seems increasingly likely that the 737 MAX will return to service during the month of August -- at least for domestic operators American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Continental (NASDAQ: UAL). Within the U.S., American Airlines and United Airlines also have significant exposure to the 737 MAX, albeit not as much as Southwest. As of mid-April, American Airlines and Southwest Airlines had already removed the 737 MAX from their schedules through Aug. 19 and Aug. 5, respectively.
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As a result, it seems increasingly likely that the 737 MAX will return to service during the month of August -- at least for domestic operators American Airlines (NASDAQ: AAL), Southwest Airlines (NYSE: LUV), and United Continental (NASDAQ: UAL). The FAA and other aviation regulators around the world are now reviewing Boeing's software update. Public and private remarks diverge In public, FAA Acting Administrator Daniel Elwell has said that the FAA needs to follow its processes, rather than setting a target date for recertifying the 737 MAX.
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6410.0
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2019-05-29 00:00:00 UTC
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Notable Wednesday Option Activity: DIS, AAL, MCD
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AAL
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https://www.nasdaq.com/articles/notable-wednesday-option-activity%3A-dis-aal-mcd-2019-05-29
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nan
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Walt Disney Co. (Symbol: DIS), where a total volume of 51,736 contracts has been traded thus far today, a contract volume which is representative of approximately 5.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 50.9% of DIS's average daily trading volume over the past month, of 10.2 million shares. Particularly high volume was seen for the $165 strike call option expiring September 20, 2019, with 7,048 contracts trading so far today, representing approximately 704,800 underlying shares of DIS. Below is a chart showing DIS's trailing twelve month trading history, with the $165 strike highlighted in orange:
American Airlines Group Inc (Symbol: AAL) options are showing a volume of 27,877 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46.3% of AAL's average daily trading volume over the past month, of 6.0 million shares. Particularly high volume was seen for the $33 strike call option expiring August 16, 2019, with 3,100 contracts trading so far today, representing approximately 310,000 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $33 strike highlighted in orange:
And McDonald's Corp (Symbol: MCD) saw options trading volume of 12,589 contracts, representing approximately 1.3 million underlying shares or approximately 45.4% of MCD's average daily trading volume over the past month, of 2.8 million shares. Particularly high volume was seen for the $210 strike call option expiring June 21, 2019, with 2,020 contracts trading so far today, representing approximately 202,000 underlying shares of MCD. Below is a chart showing MCD's trailing twelve month trading history, with the $210 strike highlighted in orange:
For the various different available expirations for DIS options, AAL options, or MCD options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $33 strike call option expiring August 16, 2019, with 3,100 contracts trading so far today, representing approximately 310,000 underlying shares of AAL. Below is a chart showing DIS's trailing twelve month trading history, with the $165 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 27,877 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46.3% of AAL's average daily trading volume over the past month, of 6.0 million shares.
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Below is a chart showing DIS's trailing twelve month trading history, with the $165 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 27,877 contracts thus far today. Below is a chart showing AAL's trailing twelve month trading history, with the $33 strike highlighted in orange: And McDonald's Corp (Symbol: MCD) saw options trading volume of 12,589 contracts, representing approximately 1.3 million underlying shares or approximately 45.4% of MCD's average daily trading volume over the past month, of 2.8 million shares. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46.3% of AAL's average daily trading volume over the past month, of 6.0 million shares.
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That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46.3% of AAL's average daily trading volume over the past month, of 6.0 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $33 strike highlighted in orange: And McDonald's Corp (Symbol: MCD) saw options trading volume of 12,589 contracts, representing approximately 1.3 million underlying shares or approximately 45.4% of MCD's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing DIS's trailing twelve month trading history, with the $165 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 27,877 contracts thus far today.
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Below is a chart showing AAL's trailing twelve month trading history, with the $33 strike highlighted in orange: And McDonald's Corp (Symbol: MCD) saw options trading volume of 12,589 contracts, representing approximately 1.3 million underlying shares or approximately 45.4% of MCD's average daily trading volume over the past month, of 2.8 million shares. Below is a chart showing MCD's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for DIS options, AAL options, or MCD options, visit StockOptionsChannel.com. Below is a chart showing DIS's trailing twelve month trading history, with the $165 strike highlighted in orange: American Airlines Group Inc (Symbol: AAL) options are showing a volume of 27,877 contracts thus far today.
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6411.0
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2019-05-28 00:00:00 UTC
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5 Top Stock Trades for Wednesday: GILD, NVDA, AMD
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AAL
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https://www.nasdaq.com/articles/5-top-stock-trades-wednesday%3A-gild-nvda-amd-2019-05-28
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nan
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Stocks were stagnant in the first trading session of a holiday-shortened week, as U.S. stock started off higher at the open and fell flat in afternoon trading. It’s left traders craving some sort of break — either higher or lower — in order to get a better trading environment. Let’s look at a few top stock trades for Wednesday.
Top Stock Trades for Tomorrow #1: Gilead Sciences
On Tuesday, Gilead Sciences (NASDAQ:) was downgraded to a sell by Goldman Sachs, sending shares lower by 3.75%. It thrust the stock below uptrend support (black line), as well as the 20-day and 50-day moving averages.
Now what? A rally back to the $65 to $66 area and fail would set up shorts to push GILD stock lower. Should it continue falling, the $61 to $61.50 area could be next.
Top Stock Trades for Tomorrow #2: Advanced Micro Devices
Advanced Micro Devices (NASDAQ:) erupted on positive news for its new chip, sending shares higher by 10%. It broke the stock out of a multi-month downward channel, and put it over the 20-day and 50-day moving averages.
It also put AMD over $29, a level we were watching on the upside .
If AMD can take out April’s high at $29.95, a rally into the low-$30s is possible. On a pullback below $29, look to see that prior channel resistance holds as support, and/or the 50-day/20-day moving average, whichever comes first.
Top Stock Trades for Tomorrow #3: Teva Pharmaceutical
Shares of Teva Pharmaceutical (NYSE:) are tumbling more than 12% on Tuesday, as the stock breaks to new multi-year lows. The stock blew through the 2017 lows earlier this month and continues to look downright dreadful.
A rally back to the $11 to $11.50 area and fail would set up a short signal for bears. At this point, there’s not much reason to get long TEVA, unless aggressive traders want to go long against Tuesday’s lows. That said, I would rather wait for some kind of reversal to brew in TEVA first.
In August 2017 and not much has changed at this point.
Top Stock Trades for Tomorrow #4: American Airlines
American Airlines (NYSE:) is also off to a tough start. The stock has been putting in a series of higher lows and while a bounce from March sent the stock higher by about $5 from peak to trough, we’re right back where we started. Actually, we’re worse now.
Over the last few days, AAL has lost the vital $30 support floor that has led to numerous bounces in the past. Investors even into the face of a downtrend (purple line). However, they have to know when to step aside once support gives way.
Shares have now broken below this year’s lows, making a rally back $30 suspect. Should it act as resistance, expect sellers to push it back down for another test of the lows.
Top Stock Trades for Tomorrow #5: Nvidia
Nvidia (NASDAQ:) has been getting buried lately, shedding more than 25% from its highs last month. This $144 to $145 area acted as support twice in February before sending NVDA up to $190.
Now stuck in a falling wedge, this could have a bullish break if and when it clears resistance. If it does, a breakout could send NVDA up to its 20-day moving average.
Of course, a break of support negates that move.
Bret Kenwell is the manager and author of and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long NVDA.
The post 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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Over the last few days, AAL has lost the vital $30 support floor that has led to numerous bounces in the past. It’s left traders craving some sort of break — either higher or lower — in order to get a better trading environment. A rally back to the $65 to $66 area and fail would set up shorts to push GILD stock lower.
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Over the last few days, AAL has lost the vital $30 support floor that has led to numerous bounces in the past. Top Stock Trades for Tomorrow #1: Gilead Sciences On Tuesday, Gilead Sciences (NASDAQ:) was downgraded to a sell by Goldman Sachs, sending shares lower by 3.75%. Top Stock Trades for Tomorrow #2: Advanced Micro Devices Advanced Micro Devices (NASDAQ:) erupted on positive news for its new chip, sending shares higher by 10%.
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Over the last few days, AAL has lost the vital $30 support floor that has led to numerous bounces in the past. Top Stock Trades for Tomorrow #2: Advanced Micro Devices Advanced Micro Devices (NASDAQ:) erupted on positive news for its new chip, sending shares higher by 10%. Top Stock Trades for Tomorrow #3: Teva Pharmaceutical Shares of Teva Pharmaceutical (NYSE:) are tumbling more than 12% on Tuesday, as the stock breaks to new multi-year lows.
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Over the last few days, AAL has lost the vital $30 support floor that has led to numerous bounces in the past. Top Stock Trades for Tomorrow #3: Teva Pharmaceutical Shares of Teva Pharmaceutical (NYSE:) are tumbling more than 12% on Tuesday, as the stock breaks to new multi-year lows. Top Stock Trades for Tomorrow #5: Nvidia Nvidia (NASDAQ:) has been getting buried lately, shedding more than 25% from its highs last month.
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6412.0
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2019-05-24 00:00:00 UTC
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Friday’s Vital Data: National Oilwell Varco, Halliburton and American Airlines
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AAL
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https://www.nasdaq.com/articles/fridays-vital-data%3A-national-oilwell-varco-halliburton-and-american-airlines-2019-05-24
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nan
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nan
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U.S. stock futures are trading higher this morning in a rebound attempt to pare yesterday’s large losses.
Heading into the open, futures on the Dow Jones Industrial Average are up 0.47%, and S&P 500 futures are higher by 0.48%. Nasdaq-100 futures have added 0.38%.
In the options pits, yesterday’s plunge sent put activity soaring while overall volume amped to above-average levels. Specifically, about 19.6 million calls and 22.5 million puts changed hands on the session.
Over at the CBOE, the fear fest led the single-session equity put/call volume ratio to its second-highest close of the year at 0.80. At the same time, the 10-day moving average climbed to a new high for 2019 at 0.73.
Options traders zeroed in on oil-related stocks Thursday. National Oilwell Varco (NYSE:) and Halliburton (NYSE:) both plunged to new 52-week lows amid heavy volume. American Airlines (NYSE:) also saw unusual options activity as it tests a critical support zone.
Let’s take a closer look:
National Oilwell Varco (NOV)
Yesterday’s crude oil crash sent oil stocks sliding. National Oilwell Varco dropped 4.41% on the highest single-session volume in two years. 13.2 million shares changed hands while the stock fell to its lowest levels since 2008.
The downside acceleration worsens what was already a strong bearish trend. NOV stock now sits well below the falling 200-day, 50-day and 20-day moving averages. We don’t have any major support until $16, which is $6 or 27% away. You bottom fish at your peril here.
On the options trading front, puts only slightly outpaced calls on the day. Total activity swelled to eye-popping levels at 6,110% of the average daily volume, with 121,952 contracts traded. Puts accounted for 51% of the sum.
Implied volatility rocketed higher on the day to 42%, placing it at the 73rd percentile of its one-year range. Premium sellers will be happy to note this is the highest level of 2019. The expected daily move is now 59 cents or 2.7%.
Halliburton (HAL)
NOV wasn’t the only oil stock traders swarmed. Halliburton also saw a groundswell in activity on a day that sent the oil services giant to a new nine-year low. The 5% thrashing saw 24 million shares change hands
HAL stock’s price chart largely mirrors that of NOV. Every major moving average is falling, leaving ample overhead resistance to reject future rally attempts. Distribution days also litter the landscape showing strong institutional selling pressure. Until a definitive bottoming pattern emerges, bulls should stay away.
On the options trading front, calls proved more popular than puts by a hair. Activity climbed to 630% of the average daily volume, with 169,729 total contracts traded. Calls claimed 51% of the tally.
Implied volatility jumped to 44% or the 61st percentile of its one-year range. Premiums are now baking in daily moves of 65 cents or 2.8%.
American Airlines (AAL)
The selling intensity reached a fever pitch yesterday for American Airlines. Two-days of distribution reveal institutions are slamming the sell button. The downside pressure has driven AAL stock to test critical support at the $29 zone. If the floor fails, watch out below!
Like its predecessors, AAL’s price trend is cruising lower beneath falling moving averages across time frames. Rallies remain suspect, and the path of least resistance is undoubtedly lower. That said, the stock is oversold and testing major support, so a short-term rebound isn’t out of the question.
The session saw unusual options activity with calls leading the way. Total activity jumped to almost four times or 372% of the average daily volume. In total, 117,445 contracts traded with 57% of the tally coming from calls.
Implied volatility ticked higher to 39% or the 26th percentile of its one-year range. Premiums are pricing in daily moves of 72 cents or 2.4%.
As of this writing, Tyler Craig didn’t hold a position in any of the aforementioned securities. Check out his recently released to learn how to defend your portfolio against market volatility.
More From InvestorPlace
The post 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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Like its predecessors, AAL’s price trend is cruising lower beneath falling moving averages across time frames. American Airlines (AAL) The selling intensity reached a fever pitch yesterday for American Airlines. The downside pressure has driven AAL stock to test critical support at the $29 zone.
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American Airlines (AAL) The selling intensity reached a fever pitch yesterday for American Airlines. The downside pressure has driven AAL stock to test critical support at the $29 zone. Like its predecessors, AAL’s price trend is cruising lower beneath falling moving averages across time frames.
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American Airlines (AAL) The selling intensity reached a fever pitch yesterday for American Airlines. The downside pressure has driven AAL stock to test critical support at the $29 zone. Like its predecessors, AAL’s price trend is cruising lower beneath falling moving averages across time frames.
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American Airlines (AAL) The selling intensity reached a fever pitch yesterday for American Airlines. The downside pressure has driven AAL stock to test critical support at the $29 zone. Like its predecessors, AAL’s price trend is cruising lower beneath falling moving averages across time frames.
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6413.0
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2019-05-22 00:00:00 UTC
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Relative Strength Alert For American Airlines Group
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AAL
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https://www.nasdaq.com/articles/relative-strength-alert-american-airlines-group-2019-05-22
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nan
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nan
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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 29.3, after changing hands as low as $30.10 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 46.1. A bullish investor could look at AAL's 29.3 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 $28.81 per share, with $45.82 as the 52 week high point — that compares with a last trade of $30.23.
Find out what 9 other oversold stocks you need to know about »
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) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $30.10 per share. A bullish investor could look at AAL's 29.3 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 $28.81 per share, with $45.82 as the 52 week high point — that compares with a last trade of $30.23.
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A bullish investor could look at AAL's 29.3 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 $28.81 per share, with $45.82 as the 52 week high point — that compares with a last trade of $30.23. In trading on Wednesday, shares of American Airlines Group Inc (Symbol: AAL) entered into oversold territory, hitting an RSI reading of 29.3, after changing hands as low as $30.10 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 29.3, after changing hands as low as $30.10 per share. A bullish investor could look at AAL's 29.3 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 $28.81 per share, with $45.82 as the 52 week high point — that compares with a last trade of $30.23.
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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 29.3, after changing hands as low as $30.10 per share. A bullish investor could look at AAL's 29.3 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 $28.81 per share, with $45.82 as the 52 week high point — that compares with a last trade of $30.23.
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6414.0
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2019-05-21 00:00:00 UTC
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Delta Is the Big Winner of the Haneda Airport Slot Sweepstakes
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AAL
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https://www.nasdaq.com/articles/delta-big-winner-haneda-airport-slot-sweepstakes-2019-05-21
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nan
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nan
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In recent months, the four U.S. airlines that fly to Asia -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Hawaiian Holdings (NASDAQ: HA), and United Continental (NASDAQ: UAL) -- have been fighting over who should get the right to operate more flights at Tokyo's Haneda Airport. Haneda is much closer to the city center than Narita Airport, Tokyo's main international airport, which enables airlines to earn a revenue premium on flights there.
Last week, the U.S. Department of Transportation revealed its preliminary allocation of the 12 additional route authorities -- each representing one round-trip flight -- that will become available to U.S. airlines next spring. As expected, each of the four airlines that applied got something. However, Delta was by far the biggest winner, getting five of the 12 available route authorities.
What the airlines wanted -- and what they got
Today, American, Delta, Hawaiian, and United collectively operate six daily round trips to Haneda Airport. American Airlines has a daily flight to Los Angeles; Delta has daily nonstops to Los Angeles and Minneapolis/St. Paul; Hawaiian Airlines has two daily flights to Hawaii; with most of those going to Honolulu; and United operates a daily flight to San Francisco.
Delta currently operates two daily flights to Tokyo's Haneda Airport. Image source: Delta Air Lines.
These four airlines collectively requested 19 additional daily routes. Since this exceeded the 12 incremental route authorities available, the DOT had to make some tough allocation decisions.
American Airlines requested two daily flights to Dallas/Fort Worth, an additional daily flight to Los Angeles, and a daily flight to Las Vegas. Delta wanted to add daily flights to Atlanta, Detroit, Portland, and Seattle, plus twice-daily service to Honolulu. Hawaiian Airlines asked to add three more daily Honolulu flights to its schedule. Finally, United requested daily flights to Chicago, Guam, Houston, Los Angeles, Newark, and Washington, D.C.
Not surprisingly, the DOT looked most favorably on Delta's requests. American Airlines and United Airlines have joint ventures with Japan's two largest airlines (Japan Airlines and ANA, respectively) giving them a big competitive advantage in Japan -- as well as commercial access to additional Haneda flights. Hawaiian is seeking approval for a similar joint venture with Japan Airlines covering the Japan-Hawaii market. Only Delta lacks a local partner in Japan.
Thus, Delta received tentative approval for five of its proposed flights: all but the second daily roundtrip to Honolulu. That will give it seven of the 18 slots reserved for U.S. carriers at Haneda Airport. United will get slots for its Chicago, Los Angeles, Newark, and Washington, D.C. proposals. Hawaiian Airlines will receive one new route authority, enabling its third daily flight to Hawaii. Lastly, American Airlines will be cleared for one daily flight to Dallas/Fort Worth and a second daily Los Angeles flight.
United is set to receive four additional Haneda Airport route authorities. Image source: United Airlines.
The route allocations are still subject to appeal, with a final decision expected over the summer. The new route authorities will become available on March 29, 2020. The airlines are required to start service within 90 days of that date.
The end is near for Delta's Narita Airport hub
When it merged with Northwest Airlines more than a decade ago, Delta acquired a hub at Narita Airport that provided connections between a handful of U.S. gateways and various destinations in Asia. This Tokyo hub had existed since the early 1950s, when aircraft limitations made nonstop service from the continental U.S. to the Asian continent impractical.
In recent years, Delta has gradually dismantled the hub, as a weaker Japanese yen and greater availability of nonstop flights from the U.S. to destinations throughout Asia undermined the Tokyo hub's profitability. Today, Delta operates just seven nonstop routes from Narita Airport, serving Atlanta, Detroit, Honolulu, Portland, Seattle, Manila, and Singapore.
Delta now has tentative clearance to move all five routes to the U.S. over to Haneda Airport. Meanwhile, the routes to Manila and Singapore have become unnecessary because of Delta's new joint venture with Korean Air. Last year, Delta stopped flying to Hong Kong -- a key business destination -- electing instead to route customers via Korean's hub in Seoul. It will probably adopt the same strategy for giving customers access to Manila and Singapore.
Thus, Delta is likely to exit Narita Airport entirely next spring. Dropping the lower-margin routes to Manila and Singapore and moving the five U.S. routes to the more-popular Haneda Airport should drive a massive improvement in the carrier's profitability in Tokyo.
A mixed bag for the other airlines
While Delta was the biggest winner, United Airlines also came away with a nice haul of four additional route authorities. As of next spring, it will be able to fly nonstop to Haneda from five of its domestic hubs. That said, its operation will remain split between Haneda and Narita.
Hawaiian Airlines only got one new Haneda route authority, which may have been disappointing but shouldn't have been surprising. Still, between an extra Haneda flight and the carrier's plan to resume flights to Fukuoka later this year, Hawaiian will be able to shift some capacity from the overcrowded West Coast-Hawaii market to Japan routes with a better supply demand balance.
American Airlines faced the biggest disappointment, as it received only two new Haneda route authorities. This will further reinforce its weakness in Asia compared to its main rivals.
As these new Haneda routes start up next spring -- and some airlines implement corresponding reductions at Narita Airport -- it will be interesting for investors to track the changes in U.S. airlines' unit revenue and profitability in Asia.
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Adam Levine-Weinberg owns shares of Delta Air Lines and Hawaiian Holdings and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends Delta Air Lines. The Motley Fool recommends Hawaiian Holdings. 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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In recent months, the four U.S. airlines that fly to Asia -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Hawaiian Holdings (NASDAQ: HA), and United Continental (NASDAQ: UAL) -- have been fighting over who should get the right to operate more flights at Tokyo's Haneda Airport. Last week, the U.S. Department of Transportation revealed its preliminary allocation of the 12 additional route authorities -- each representing one round-trip flight -- that will become available to U.S. airlines next spring. Today, Delta operates just seven nonstop routes from Narita Airport, serving Atlanta, Detroit, Honolulu, Portland, Seattle, Manila, and Singapore.
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In recent months, the four U.S. airlines that fly to Asia -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Hawaiian Holdings (NASDAQ: HA), and United Continental (NASDAQ: UAL) -- have been fighting over who should get the right to operate more flights at Tokyo's Haneda Airport. American Airlines requested two daily flights to Dallas/Fort Worth, an additional daily flight to Los Angeles, and a daily flight to Las Vegas. Today, Delta operates just seven nonstop routes from Narita Airport, serving Atlanta, Detroit, Honolulu, Portland, Seattle, Manila, and Singapore.
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In recent months, the four U.S. airlines that fly to Asia -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Hawaiian Holdings (NASDAQ: HA), and United Continental (NASDAQ: UAL) -- have been fighting over who should get the right to operate more flights at Tokyo's Haneda Airport. American Airlines requested two daily flights to Dallas/Fort Worth, an additional daily flight to Los Angeles, and a daily flight to Las Vegas. American Airlines and United Airlines have joint ventures with Japan's two largest airlines (Japan Airlines and ANA, respectively) giving them a big competitive advantage in Japan -- as well as commercial access to additional Haneda flights.
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In recent months, the four U.S. airlines that fly to Asia -- American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), Hawaiian Holdings (NASDAQ: HA), and United Continental (NASDAQ: UAL) -- have been fighting over who should get the right to operate more flights at Tokyo's Haneda Airport. Delta currently operates two daily flights to Tokyo's Haneda Airport. Hawaiian Airlines will receive one new route authority, enabling its third daily flight to Hawaii.
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6415.0
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2019-05-07 00:00:00 UTC
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These Two Airline Stocks Could Be Ready to Take Off
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AAL
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https://www.nasdaq.com/articles/these-two-airline-stocks-could-be-ready-take-2019-05-07
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nan
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nan
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Editor’s note: This article was corrected on May 7, 2019.
Shares of American Airlines (NASDAQ:) and United Continental (NYSE:) have barely gotten off the ground this year, with AAL stock gaining 9% and UAL only up 5% as investors fretted about the additional costs the airlines would incur from the grounding of their Boeing (NYSE: ) 737 Max jets. The planes were blamed for two fatal crashes in Ethiopia and Indonesia might hurt their operations.
Source:
Meanwhile, Delta (NYSE:), JetBlue (NASDAQ:) and Southwest Airlines (NYSE:) have been cleared for takeoff. Since the start of the year, DAL is up 15% and JetBlue has increased 17%, while LUV has gained 14%. Though all of these stocks are trading under their average 52-week price, their prices accurately reflect the underlying companies’ potential growth.
AAL and UAL, though, offer compelling values for investors, even though both companies have a great deal of baggage.
Ugly Stocks Only an Investor Could Love
I’ll admit that AAL and UAL are tough to like. According to the , Fort Worth-based American Airlines stock “continues to put up mediocre numbers in on-time arrivals, lost baggage, fees, and customer satisfaction.” Airlines in general have had numerous negative instances of staff clashing with passengers, many caught on video.
According to UAL CEO the company’s seats are too small, and its WiFi is too slow. Not surprisingly, UAL, edged out AAL to finish at the bottom of JD Power’s 2018 North America Airline Satisfaction Survey.
Though corporate reputations shouldn’t be ignored, personal feelings need to be set aside when evaluating stocks. And when it comes to AAL and UAL, investors should note that the companies’ numbers are compelling.
Moreover, both carriers are using other types of jets to handle the workloads of the grounded Maxes, limiting the impact on their bottom lines.
Upside Surprise
When AAL reported its latest earnings, earnings of 52 cents surpassed analyst estimates of 50 cents, though revenue of $10.58 billion slightly missed estimates for $10.6 billion. UAL’s net income more than doubled to $292 million, or $1.09 per share, in its most recent quarter as revenue jumped 6.2% to $9.59 billion, according to its recently released earnings.
Another Max owner, LUV, estimated that it lost $200 million in revenue in the most recent quarter due to the groundings. Even so, overall revenue at the Dallas-based company rose a better-than-expected 4.1% to $5.15 billion. Shares of LUV are at an 11% discount to their average 52-week target of $59.06. Though LUV’s valuation is compelling, AAL and UAL both offer higher potential upside.
AAL stock trades a multiple of 6 times next year’s earnings. UAL’s multiple is 7x. AAL is currently valued at a 30 percent discount to its average 52-week price target while UAL is expected to rise 17 during the same time. No other U.S. offer the same potential upside which is why I am recommending both AAL stock and UAL stock.
Jet Fuel On The Rise
The one massive wildcard with airline stocks is jet fuel prices, which make up a considerable portion of their costs. Investors can look at the situation in a few ways.
First, jet fuel prices should be kept in check by historically low oil prices. According to data from as of May 3 jet fuel was fetching $85.31 per barrel, up 0.8% from the previous week and an increase of 3.1% from the last month. An optimist would note that prices are down 4% on a year-over-year basis.
American, United and the other carriers spend considerable time and efforts to hedge themselves against the fluctuations of the jet fuel market.
As of this writing, Jonathan Berr didn’t own shares of any company discussed in this post.
The post 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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Not surprisingly, UAL, edged out AAL to finish at the bottom of JD Power’s 2018 North America Airline Satisfaction Survey. Shares of American Airlines (NASDAQ:) and United Continental (NYSE:) have barely gotten off the ground this year, with AAL stock gaining 9% and UAL only up 5% as investors fretted about the additional costs the airlines would incur from the grounding of their Boeing (NYSE: ) 737 Max jets. AAL and UAL, though, offer compelling values for investors, even though both companies have a great deal of baggage.
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Upside Surprise When AAL reported its latest earnings, earnings of 52 cents surpassed analyst estimates of 50 cents, though revenue of $10.58 billion slightly missed estimates for $10.6 billion. AAL stock trades a multiple of 6 times next year’s earnings. Shares of American Airlines (NASDAQ:) and United Continental (NYSE:) have barely gotten off the ground this year, with AAL stock gaining 9% and UAL only up 5% as investors fretted about the additional costs the airlines would incur from the grounding of their Boeing (NYSE: ) 737 Max jets.
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Shares of American Airlines (NASDAQ:) and United Continental (NYSE:) have barely gotten off the ground this year, with AAL stock gaining 9% and UAL only up 5% as investors fretted about the additional costs the airlines would incur from the grounding of their Boeing (NYSE: ) 737 Max jets. No other U.S. offer the same potential upside which is why I am recommending both AAL stock and UAL stock. AAL and UAL, though, offer compelling values for investors, even though both companies have a great deal of baggage.
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Shares of American Airlines (NASDAQ:) and United Continental (NYSE:) have barely gotten off the ground this year, with AAL stock gaining 9% and UAL only up 5% as investors fretted about the additional costs the airlines would incur from the grounding of their Boeing (NYSE: ) 737 Max jets. And when it comes to AAL and UAL, investors should note that the companies’ numbers are compelling. AAL stock trades a multiple of 6 times next year’s earnings.
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6416.0
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2019-05-06 00:00:00 UTC
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3 Big Stock Charts for Monday: American Airlines Group, Mylan and Celgene
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AAL
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https://www.nasdaq.com/articles/3-big-stock-charts-for-monday%3A-american-airlines-group-mylan-and-celgene-2019-05-06
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nan
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nan
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An impressive April jobs reports drove a big bullish end to last week, but it’s possible the market was ripe for a rally anyway. When all was said and done, the S&P 500 ended the day up 0.96%, closing just shy of its record-best close made on Tuesday.
Source:
Amazon (NASDAQ:) did more heavy lifting than another stock. Shares of the e-commerce giant were up more than 3% following news that Warren Buffet’s Berkshire Hathaway began building a position in AMZN during the first quarter. Smaller United States Steel (NYSE:) actually logged the much bigger gain, however, gaining 17.1% in response to what can only be characterized as an incredible first quarter.
Although few and far between, there were some losers. Cognizant Technology Solutions (NASDAQ:) was one of them, falling more than 11% after falling short of last quarter’s earnings estimates and then offering lackluster guidance.
As the new trading week gets going, however, it’s the stock charts of Celgene (NASDAQ:), Mylan (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth the closest look.
Mylan (MYL)
With nothing more than a quick glance, Mylan looks like it’s still stuck in the same downtrend it has been stuck in since March 2018. And, maybe that’s the case. Since December, however, MYL stock hasn’t made a lower low. That may be a hint that, at the very least, the bulls are trying to set up a recovery move. They’re doing so with the wind at their back.
The volume behind the past couple of bullish swings had been decidedly bullish, leading to last week’s Chaikin line cross back above zero.
American Airlines Group (AAL)
The last time we looked at American Airlines, it was only toying with the idea of a break above an established resistance line. Since then, it has happened. It was ugly and erratic, and far from convincing, but it happened.
Last week’s renewal of that effort could be longer-lived though, and finish the job of getting the recovery effort going in earnest. The make-or-break line is not only close, but a familiar one that could prove inspirational to would-be buyers.
While the straight-line resistance has been cleared, the big 200-day moving average line plotted in white on both stock charts has not yet been hurdled. The bulls keep getting closer though.
The volume behind the bullish thrusts hasn’t been impressive, but it may improve if and when the 200-day moving average line is cleared.
Celgene (CELG)
Finally, in normal circumstances, chart gaps are a problem. The market doesn’t like to leave them unfilled, and will seemingly make a point of reversing a perfectly good trend to close them up.
Celgene shares could wind up being an exception to that, however, particularly after Friday’s impressive run that for a while didn’t look like it was going to happen. (On the other hand, it’s possible Friday’s surge was the final head-fake CELG stock needs to offer before lowering the boom in unsuspecting buyers.)
Despite the gaps, note that the progressive rallies since February both pushed up and off moving average lines. That underscored the bullish thesis.
Still, there’s a decent-sized gap from late March and a huge one from January that could already be beckoning the stock back. Any rally could be readily pressured.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post 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 Group (AAL) The last time we looked at American Airlines, it was only toying with the idea of a break above an established resistance line. An impressive April jobs reports drove a big bullish end to last week, but it’s possible the market was ripe for a rally anyway. Shares of the e-commerce giant were up more than 3% following news that Warren Buffet’s Berkshire Hathaway began building a position in AMZN during the first quarter.
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American Airlines Group (AAL) The last time we looked at American Airlines, it was only toying with the idea of a break above an established resistance line. As the new trading week gets going, however, it’s the stock charts of Celgene (NASDAQ:), Mylan (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth the closest look. Since December, however, MYL stock hasn’t made a lower low.
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American Airlines Group (AAL) The last time we looked at American Airlines, it was only toying with the idea of a break above an established resistance line. As the new trading week gets going, however, it’s the stock charts of Celgene (NASDAQ:), Mylan (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth the closest look. The volume behind the past couple of bullish swings had been decidedly bullish, leading to last week’s Chaikin line cross back above zero.
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American Airlines Group (AAL) The last time we looked at American Airlines, it was only toying with the idea of a break above an established resistance line. When all was said and done, the S&P 500 ended the day up 0.96%, closing just shy of its record-best close made on Tuesday. As the new trading week gets going, however, it’s the stock charts of Celgene (NASDAQ:), Mylan (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth the closest look.
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6417.0
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2019-05-03 00:00:00 UTC
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Notable Friday Option Activity: UBNT, TSN, AAL
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AAL
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https://www.nasdaq.com/articles/notable-friday-option-activity%3A-ubnt-tsn-aal-2019-05-03
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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 Ubiquiti Networks Inc (Symbol: UBNT), where a total volume of 1,981 contracts has been traded thus far today, a contract volume which is representative of approximately 198,100 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 58.3% of UBNT's average daily trading volume over the past month, of 339,505 shares. Particularly high volume was seen for the $155 strike put option expiring May 17, 2019, with 500 contracts trading so far today, representing approximately 50,000 underlying shares of UBNT. Below is a chart showing UBNT's trailing twelve month trading history, with the $155 strike highlighted in orange:
Tyson Foods Inc (Symbol: TSN) saw options trading volume of 12,762 contracts, representing approximately 1.3 million underlying shares or approximately 57.3% of TSN's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the $70 strike put option expiring May 17, 2019, with 2,903 contracts trading so far today, representing approximately 290,300 underlying shares of TSN. Below is a chart showing TSN's trailing twelve month trading history, with the $70 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 30,265 contracts, representing approximately 3.0 million underlying shares or approximately 54.7% of AAL's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $27 strike put option expiring August 16, 2019, with 2,127 contracts trading so far today, representing approximately 212,700 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $27 strike highlighted in orange:
For the various different available expirations for UBNT options, TSN options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $27 strike put option expiring August 16, 2019, with 2,127 contracts trading so far today, representing approximately 212,700 underlying shares of AAL. Below is a chart showing TSN's trailing twelve month trading history, with the $70 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 30,265 contracts, representing approximately 3.0 million underlying shares or approximately 54.7% of AAL's average daily trading volume over the past month, of 5.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for UBNT options, TSN options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing TSN's trailing twelve month trading history, with the $70 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 30,265 contracts, representing approximately 3.0 million underlying shares or approximately 54.7% of AAL's average daily trading volume over the past month, of 5.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for UBNT options, TSN options, or AAL options, visit StockOptionsChannel.com. Particularly high volume was seen for the $27 strike put option expiring August 16, 2019, with 2,127 contracts trading so far today, representing approximately 212,700 underlying shares of AAL.
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Below is a chart showing TSN's trailing twelve month trading history, with the $70 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 30,265 contracts, representing approximately 3.0 million underlying shares or approximately 54.7% of AAL's average daily trading volume over the past month, of 5.5 million shares. Particularly high volume was seen for the $27 strike put option expiring August 16, 2019, with 2,127 contracts trading so far today, representing approximately 212,700 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for UBNT options, TSN options, or AAL options, visit StockOptionsChannel.com.
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Below is a chart showing TSN's trailing twelve month trading history, with the $70 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) saw options trading volume of 30,265 contracts, representing approximately 3.0 million underlying shares or approximately 54.7% of AAL's average daily trading volume over the past month, of 5.5 million shares. Below is a chart showing AAL's trailing twelve month trading history, with the $27 strike highlighted in orange: For the various different available expirations for UBNT options, TSN options, or AAL options, visit StockOptionsChannel.com. Particularly high volume was seen for the $27 strike put option expiring August 16, 2019, with 2,127 contracts trading so far today, representing approximately 212,700 underlying shares of AAL.
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6418.0
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2019-05-03 00:00:00 UTC
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Interesting AAL Put And Call Options For June 2020
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AAL
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https://www.nasdaq.com/articles/interesting-aal-put-and-call-options-june-2020-2019-05-03
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Investors in American Airlines Group Inc (Symbol: AAL) saw new options become available today, for the June 2020 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 413 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2020 contracts and identified one put and one call contract of particular interest.
The put contract at the $30.00 strike price has a current bid of $2.53. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $30.00, but will also collect the premium, putting the cost basis of the shares at $27.47 (before broker commissions). To an investor already interested in purchasing shares of AAL, that could represent an attractive alternative to paying $34.47/share today.
Because the $30.00 strike represents an approximate 13% 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 72%. 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 8.43% return on the cash commitment, or 7.45% 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 $30.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $35.00 strike price has a current bid of $4.75. If an investor was to purchase shares of AAL stock at the current price level of $34.47/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $35.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 15.32% if the stock gets called away at the June 2020 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 $35.00 strike highlighted in red:
Considering the fact that the $35.00 strike represents an approximate 2% 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 42%. 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 13.78% boost of extra return to the investor, or 12.18% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 41%, while the implied volatility in the call contract example is 47%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 251 trading day closing values as well as today's price of $34.47) to be 40%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the Nasdaq 100 »
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 $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 2% 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 become available today, for the June 2020 expiration.
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Below is a chart showing AAL's trailing twelve month trading history, with the $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 2% 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 become available today, for the June 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2020 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 $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 2% 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 become available today, for the June 2020 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AAL options chain for the new June 2020 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 June 2020 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 $35.00 strike highlighted in red: Considering the fact that the $35.00 strike represents an approximate 2% 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 become available today, for the June 2020 expiration.
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6419.0
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2019-04-30 00:00:00 UTC
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American Airlines Earnings: The Turnaround Was Just Delayed Another Year
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AAL
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https://www.nasdaq.com/articles/american-airlines-earnings%3A-turnaround-was-just-delayed-another-year-2019-04-30
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American Airlines (NASDAQ: AAL) shareholders have grown accustomed to disappointment in recent years. After all, the world's largest airline has repeatedly fallen short of its earnings targets due to fuel price volatility, merger-related disruptions, and other factors.
Investors absorbed another dose of bad news last Friday, as American Airlines slashed its 2019 earnings forecast. While management still hopes that the company will be able to grow earnings per share this year, it is now clear that the earnings turnaround investors have been waiting for won't happen until 2020 -- at best.
Mediocre earnings and a subpar forecast
For the first quarter, American Airlines posted record revenue of $10.6 billion -- up 1.8% year over year on a 1.3% capacity increase. However, revenue per available seat mile (RASM) rose an anemic 0.5% year over year. That result was in the lower half of management's initial guidance range, which had called for 0% to 2% RASM growth.
On the cost side, adjusted nonfuel unit costs rose 2.7% year over year last quarter. Fuel costs fell slightly, but total unit costs still increased 1.7%, excluding special items.
As a result, American's adjusted pre-tax margin fell to 3% from 4.4% a year earlier. Adjusted EPS plummeted 30% year over year to $0.52. Officially, that beat the average analyst estimate of $0.51. However, just three months ago, the average EPS estimate for Q1 was $0.73.
American Airlines' "earnings beat" last quarter wasn't very impressive. Image source: American Airlines.
Moreover, American Airlines took a hatchet to its full-year guidance last week. Back in January, management predicted that adjusted EPS would surge to between $5.50 and $7.50 in 2019, compared with $4.55 last year. Now the company says it is on track for adjusted EPS between $4 and $6. That still implies a modest 10% increase at the midpoint of the range.
At least there are some legitimate excuses this time
There are two main reasons for American Airlines' massive guidance cut -- and to some extent, its subpar earnings performance last quarter.
First, after plunging in the last few months of 2018, oil prices have come roaring back in 2019. As a result, American Airlines has raised its fuel cost estimate for the year by $650 million compared to January. Over time, the company would expect to recoup higher fuel prices through fare increases. However, it typically takes a few quarters for adjustments like that to take effect, so management isn't counting on a big improvement in pricing trends in 2019.
Second, the grounding of the Boeing (NYSE: BA) 737 MAX has disrupted American's schedule plans. American Airlines had to remove its 24 Boeing 737 MAX 8s from service in mid-March, and it has pulled them from its schedule through Aug. 19. The lost capacity is driving up unit costs. It's also hurting unit revenue, as American has less inventory available for high-priced, last-minute bookings in the busy spring and summer travel seasons. Management estimates the total negative impact at around $350 million -- assuming Boeing can get the 737 MAX back in the air by mid-August (if not earlier).
A third, smaller issue is that American Airlines made changes to its loyalty program last year to give customers more options for redeeming miles. This is expected to reduce RASM by 0.7 percentage points this year. It will likely have a similar impact on American's pre-tax margin, but it's a completely noncash headwind.
Investors shrug
Coming into the earnings report last week, investors and analysts were already highly skeptical of American Airlines' full-year forecast. As a result, they didn't seem fazed by the huge guidance cut. Indeed, American Airlines shares fell just 1% on the day of the earnings release, and more than offset that decline on Monday with a 2% gain.
On the one hand, this seems like a sensible reaction. The Boeing 737 MAX grounding is only a temporary issue, and if fuel prices remain elevated, American Airlines should be able to raise fares over time. The loyalty program changes also will have no year-over-year RASM impact beyond 2019. In theory, this means that American will face easy comparisons in 2020, and should be able to post strong EPS growth next year.
On the other hand, it's troubling that American Airlines expects adjusted EPS to rise just 10% this year (based on the midpoint of its guidance). While fuel prices are higher than they were three months ago, the company still expects its full-year average fuel price to be lower in 2019 than in 2018. Furthermore, management has said that the carrier should see a $1.3 billion earnings benefit this year from revenue growth and cost containment initiatives.
These tailwinds ought to be driving an earnings recovery in 2019 even in the face of the Boeing 737 MAX grounding, but they aren't. It still seems likely that American's results will improve dramatically next year, but the fact that 2019 now looks like another lost year for American Airlines should certainly be troubling for the company's shareholders.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group wasn't one of them! That's right -- they think these 10 stocks are even better buys.
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*Stock Advisor returns as of March 1, 2019
Adam Levine-Weinberg is long January 2020 $20 calls on American Airlines Group. The Motley Fool has no position in any of the stocks mentioned. 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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American Airlines (NASDAQ: AAL) shareholders have grown accustomed to disappointment in recent years. After all, the world's largest airline has repeatedly fallen short of its earnings targets due to fuel price volatility, merger-related disruptions, and other factors. At least there are some legitimate excuses this time There are two main reasons for American Airlines' massive guidance cut -- and to some extent, its subpar earnings performance last quarter.
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American Airlines (NASDAQ: AAL) shareholders have grown accustomed to disappointment in recent years. Mediocre earnings and a subpar forecast For the first quarter, American Airlines posted record revenue of $10.6 billion -- up 1.8% year over year on a 1.3% capacity increase. As a result, American's adjusted pre-tax margin fell to 3% from 4.4% a year earlier.
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American Airlines (NASDAQ: AAL) shareholders have grown accustomed to disappointment in recent years. Mediocre earnings and a subpar forecast For the first quarter, American Airlines posted record revenue of $10.6 billion -- up 1.8% year over year on a 1.3% capacity increase. On the other hand, it's troubling that American Airlines expects adjusted EPS to rise just 10% this year (based on the midpoint of its guidance).
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American Airlines (NASDAQ: AAL) shareholders have grown accustomed to disappointment in recent years. As a result, American's adjusted pre-tax margin fell to 3% from 4.4% a year earlier. On the other hand, it's troubling that American Airlines expects adjusted EPS to rise just 10% this year (based on the midpoint of its guidance).
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6420.0
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2019-04-29 00:00:00 UTC
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American Airlines Warns on Fuel Costs, 737 Groundings -- and Wins an Upgrade
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AAL
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https://www.nasdaq.com/articles/american-airlines-warns-fuel-costs-737-groundings-and-wins-upgrade-2019-04-29
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Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
Last week was a bit of a disappointment for American Airlines (NASDAQ: AAL) investors. On Friday morning, the airline reported a $0.52-per-share first-quarter profit, $0.01 ahead of Wall Street's consensus prediction, on $10.6 billion in revenue that matched expectations. The modest earnings beat might have been expected to lift American Airlines stock -- but instead it fell more than 1%.
Guidance was probably to blame for that result. American Airlines cut its prediction for full-year 2019 earnings per share from a range of $5.50-$7.50 to a new range of $4-$6. This came as an unwelcome surprise to analysts, who had already been thinking EPS would come in toward the low end of its range ($5.63 was the consensus). Now, however, it seems the company won't even reach that number. At the midpoint of its new guidance range, it will fall far short of the consensus -- so no wonder investors sold off American Airlines.
But here's something that may make you wonder: This morning, analysts at Deutsche Bank reviewed American Airlines' report...and upgraded the stock!
Image source: American Airlines.
What's going wrong at American Airlines
Introducing his company's financial results in a post-earnings call with analysts, American Airlines CEO Doug Parker reassured them that "demand for our product is high." Nevertheless, Parker said the company's near-term forecast has been affected by two major events that are putting a lid on guidance for this year: the grounding of 737 MAX airplanes built by Boeing, and a recent spike in oil prices, which directly translates into higher jet fuel prices.
Let's take those one at a time.
The 737 fiasco
We've covered this story extensively at The Motley Fool already, but here's a brief sketch for those who wish to be brought up to date. On Oct. 29, 2018, a 737 MAX 8 airliner operating as Lion Air Flight 610 crashed shortly after taking off from Soekarno-Hatta International Airport in Jakarta, Indonesia. Five months later, another 737 MAX 8, this one operating as Ethiopian Airlines Flight 302, crashed after taking off from Addis Ababa Bole International Airport in Ethiopia.
In each case, analysts theorize that the crashes may have been caused by faulty sensors feeding bad data to Boeing's new Maneuvering Characteristics Augmentation System (MCAS), which automatically tilts the plane's nose down when it senses the plane is about to stall. Intended to prevent stalls, the malfunction appears to have instead caused crashes.
Air traffic regulators around the world have ordered 737 MAX flights halted, and at American Airlines, this means that 24 Boeing 737 MAX aircraft have been removed from service, resulting in the grounding of "approximately 1,200 flights in the first quarter," according to management. These cancellations have cost American $50 million in pre-tax profits already in Q1, and management believes its MAX-related losses will rise to "approximately $350 million" as a result of "almost 15,000 MAX cancellations" through the 737 MAX's expected return to service on Aug. 19, 2019.
If it takes longer for the Federal Aviation Administration to clear the 737 MAX to fly, those losses could be even bigger.
Pricey petrol
Compounding American Airlines' problems, fuel costs are going up. Oil prices hit a six-month high of $66.30 for a barrel of WTI crude last week. Higher fuel costs helped to drive up American's total operating costs by 2% in the year's first quarter.
Worse, Parker predicts that as prices march higher, they could increase fuel costs by $650 million this year -- over and above estimates baked into last quarter's earnings guidance.
So...$350 million in 737 grounding costs, and a further $650 million in higher fuel costs. That's a cool $1 billion in unanticipated costs American Airlines has to deal with this year -- and that is why American had to cut its earnings guidance by a good $1.50 per share last week.
Upgrading American Airlines
Nevertheless, Deutsche Bank, for one, sees a silver lining surrounding all this bad news.
On the one hand, "American's lowering of its EPS guidance range from $5.50 - $7.50 to $4.00 - $6.00 was not unexpected given the recent rise in fuel prices and grounding of its MAX fleet," writes the analyst in a report covered by StreetInsider.com (subscription required). On the other hand, though, by "resetting ... expectations" toward lower earnings, American may have built in a "floor" undergirding those expectations. At this point, any good news at all -- a reversal in oil prices, for example, or an early fix to the 737 MAX problem, or an ability to raise prices now that's there's less airplane supply on the market -- could enable the company to beat those earnings estimates.
Even assuming all American makes this year is $5 a share (the midpoint of its guidance range), at less than $34 today, the stock is selling for less than seven times current-year earnings -- which could be a bargain if the company can continue growing operating profit at the 9% annualized rate it's averaged over the last five years. Deutsche Bank thinks it's a buy at today's prices, and could hit $40 a share within a year.
And me? Honestly, I'm still worried by the fact that American Airlines has burned cash in each of its last two years (according to S&P Global Market Intelligence), and reported weaker free cash flow than its reported net income for the last five years straight. If you ask me, fuel costs and 737 groundings aren't the only things plaguing this stock. But time will tell whether Deutsche or I am right on this one.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and American Airlines Group 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 March 1, 2019
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Last week was a bit of a disappointment for American Airlines (NASDAQ: AAL) investors. Worse, Parker predicts that as prices march higher, they could increase fuel costs by $650 million this year -- over and above estimates baked into last quarter's earnings guidance. On the one hand, "American's lowering of its EPS guidance range from $5.50 - $7.50 to $4.00 - $6.00 was not unexpected given the recent rise in fuel prices and grounding of its MAX fleet," writes the analyst in a report covered by StreetInsider.com (subscription required).
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Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Last week was a bit of a disappointment for American Airlines (NASDAQ: AAL) investors. On Oct. 29, 2018, a 737 MAX 8 airliner operating as Lion Air Flight 610 crashed shortly after taking off from Soekarno-Hatta International Airport in Jakarta, Indonesia. These cancellations have cost American $50 million in pre-tax profits already in Q1, and management believes its MAX-related losses will rise to "approximately $350 million" as a result of "almost 15,000 MAX cancellations" through the 737 MAX's expected return to service on Aug. 19, 2019.
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Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Last week was a bit of a disappointment for American Airlines (NASDAQ: AAL) investors. What's going wrong at American Airlines Introducing his company's financial results in a post-earnings call with analysts, American Airlines CEO Doug Parker reassured them that "demand for our product is high." That's a cool $1 billion in unanticipated costs American Airlines has to deal with this year -- and that is why American had to cut its earnings guidance by a good $1.50 per share last week.
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Today, we're taking one high-profile Wall Street pick and putting it under the microscope... Last week was a bit of a disappointment for American Airlines (NASDAQ: AAL) investors. But here's something that may make you wonder: This morning, analysts at Deutsche Bank reviewed American Airlines' report...and upgraded the stock! Deutsche Bank thinks it's a buy at today's prices, and could hit $40 a share within a year.
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6421.0
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2019-04-29 00:00:00 UTC
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American Airlines Stock Is Ready Soar Higher Again
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-ready-soar-higher-again-2019-04-29
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nan
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American Airlines (NASDAQ:) reported earnings last week and investors did not celebrate the event. AAL stock continued its slide of lower highs. But today it’s trying to make a comeback on an upgrade from Deutsche Bank.
Source:
Deutsche Bank upgraded American Airlines stock from HOLD to BUY.
When AAL reported earnings last week, management beat the expectation metrics but lowered forward guidance. This is a no-no on Wall Street, but American Airline’s management had good reasons to be cautious. AAL is still struggling from the repercussions of grounding the fleet of 737 Max models.
Rescheduling that many flights caused disruptions system-wide and the problem continues to linger. Eventually, the FAA will lift the ban and this tizzy too shall pass.
Meanwhile, there could be good news in the next few weeks. The short-term chart trend continues to tighten. True, AAL has failed to snap out of the descending trend line, but this is how technical breakouts develop.
The wedge is developing and then the energy has to release itself either with a breakout or a complete failure of the floor.
But since the last three tests of the $30 floor happened under extremely difficult conditions when the markets, in general, were severely tested. Therefore, the odd are that the next breakout in American Airlines will be upwards. Last year, AAL ended with horrendous sentiment so support is likely to hold.
So if you hold American Airlines stock, continue to do so. And it could also be a decent point to start a long position in the stock. But since we still have so many geopolitical headline risks looming, I don’t take massive positions at one time.
AAL stock is badly lagging its competitors and the transportation sector. Year-to-date, AAL is only up 3% when the iShares Transportation Average ETF (NYSEARCA:) and United Airlines (NASDAQ:) are up over 15%. Jet Blue (NASDAQ:), Southwest Airlines (NYSE:) and the S&P 500 is up over 12% to 15% for the same period.
This is even worse for the past twelves months. So clearly investors do not want to be long American Airlines stock. But therein lies a technical opportunity.
How to Approach AAL Stock Today
While the sentiment is still sour on AAL, the stock is setting a sustainable floor around $30. So regardless of what the sentiment is, eventually the price action will unfold according to the charts and in spite of the perception on Wall Street.
The debate between technical and fundamental traders is never settled and this will be an example where one can claim victory in American Airlines stock. My bet is that there will be a bounce to support the technicians’ side of the argument.
Fundamentally, the risk of owning AAL shares at these levels is not great. It only sells at a price-to-earnings ratio of 10, which is in line with its major competitors. Its price-to-sales ratio is much cheaper than Delta (NYSE:) and UAL, so it’s definitely not bloated.
This makes the upside trade potential relatively safe to hold. So if you already own shares of AAL, I’d continue to do so for as long as this floor is holding. For those who have been eyeing an entry point, this is as good as any, but there are short-term lines to consider.
There is small resistance at $34.50 and $35.30, but those can serve as mini-breakout lines to bring the price action to $37.30. There lies the ledge of a sizable fall from February. If the bulls can overcome it, then they can spruce a rally to test $40.60.
Getting there will be relatively easy compared to breaking out of it. Last December, AAL stock bulls failed to breakout through the $41 zone and the effort ended in a major correction to set the Christmas lows. This wasn’t all AAL specific fears, as the whole market was in very sour sentiment condition.
Fear was rampant on Wall Street and they sold all stocks indiscriminately. I don’t think this repeats itself here without a new headline. So the American Airlines stock bulls have a decent base from which they can mount their efforts.
Nicolas Chahine is the managing director of . As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and .
More From InvestorPlace
The post 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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When AAL reported earnings last week, management beat the expectation metrics but lowered forward guidance. Last December, AAL stock bulls failed to breakout through the $41 zone and the effort ended in a major correction to set the Christmas lows. AAL stock continued its slide of lower highs.
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AAL stock continued its slide of lower highs. When AAL reported earnings last week, management beat the expectation metrics but lowered forward guidance. AAL is still struggling from the repercussions of grounding the fleet of 737 Max models.
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How to Approach AAL Stock Today While the sentiment is still sour on AAL, the stock is setting a sustainable floor around $30. AAL stock continued its slide of lower highs. When AAL reported earnings last week, management beat the expectation metrics but lowered forward guidance.
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So if you already own shares of AAL, I’d continue to do so for as long as this floor is holding. AAL stock continued its slide of lower highs. When AAL reported earnings last week, management beat the expectation metrics but lowered forward guidance.
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2019-04-26 00:00:00 UTC
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American Airlines Group (AAL) Q1 2019 Earnings Call Transcript
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-aal-q1-2019-earnings-call-transcript-2019-04-27
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Image source: The Motley Fool.
American Airlines Group (NASDAQ: AAL)
Q1 2019 Earnings Call
April 26, 2019 8:30 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day, ladies and gentlemen, and welcome to the American Airlines first-quarter 2019earnings conference call [Operator instructions] And as a reminder, today's conference call is being recorded. I'd now like to turn the conference over to Dan Cravens, managing director of investor relations. Please go ahead.
Dan Cravens -- Managing Director of Investor Relations
Good morning, everyone, and welcome to the American Airlines Group first-quarter 2019earnings conference call With us in the room this morning is Doug Parker, chairman and CEO; Robert Isom, president; and Derek Kerr, our chief financial officer. Also in the room for question-and-answer session are several of our senior execs, including Maya Leibman, chief information officer; Steve Johnson, our EVP of corporate affairs; Elise Eberwein, our EVP of people and communications; and Don Casey, our senior vice president of revenue management. Like we normally do, Doug will start the call with an overview of our financial results.
Derek will then walk us through the details on the first quarter and provide some additional information on our guidance for the remainder of the year. Robert will then follow with commentary on the operational performance and revenue environment. And then after we hear from those comments, we will open the call for analyst questions and then lastly, questions from the media. [Operator instructions] Before we begin, we must state that today's call does contain forward-looking statements, including statements concerning future events and -- future revenues and costs, forecast of capacity, traffic, load factor, fleet plans and fuel prices.
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These statements represent our predictions and expectations as to future events, but numerous risks and uncertainties could cause actual results to differ from those projected. Information about some of these risk and uncertainties can be found in our earnings press release issued this morning and our Form 10-Q for the quarter ended March 31, 2019. In addition, we'll be discussing certain non-GAAP financial measures this morning, such as pre-tax profit and CASM, excluding unusual items. A reconciliation of those numbers to the GAAP financial measures is included in the earnings press release, and that can be found on the Investor Relations section of our website.
The webcast of this will also be archived on the website. The information that we're giving you today's -- on the call this morning is as of today's date, and we undertake no obligation to update the information subsequently. So thanks again for joining us. At this point, I'd like to turn the call over to our chairman and CEO, Doug Parker.
Doug Parker -- Chairman and Chief Executive Officer
Thank you, Dan. Thank you all for being on the line. Let me start by thanking our 130,000 team members for the outstanding job they did of taking care of our customers and each other during some really difficult circumstances. Robert will talk more about disruption this 737 MAX issues has caused to our customers and team members, but our team has responded remarkably.
And our customers and shareholders are the beneficiary of that work. So we are extremely grateful. As to earnings, we announced this morning, pre-tax results for the quarter of $314 million in profits ex-specials, which is $0.52 a share. As we head into or begin to prepare for the peak summer travel season, the fundamentals of our business remain strong.
Demand for our product is high. Our near-term forecast, though, has been affected by the 737 MAX grounding, which we currently estimate will negatively impact our 2019 pre-tax results by approximately $350 million, and that assumes that they are flying as we currently have them scheduled, again, by August 19. And the recent bounce back in oil prices hasn't helped either. Our current estimate for 2019 fuel expense is approximately $650 million higher than it was when we spoke on this call just three months ago.
But despite these challenges, we're still -- anticipate our 2019 EPS to increase approximately 10% versus 2018. And as we move to 2020 and beyond, we anticipate our free cash flow production will increase significantly as our historic fleet replacement program winds down. So we're really bullish on American Airlines and on AAL as evidenced in the quarter by us purchasing approximately $600 million of American Airlines equity. So with that intro, I'm going to turn it over to Derek to go through a lot more numbers, and then Robert will take you through more analysis as well.
Derek?
Derek Kerr -- Chief Financial Officer
Great. Thanks, Doug. Good morning, everyone. And before I begin, I'd like to recognize our team also who did a great job taking care of our customers during the quarter despite a number of challenges, including a government shutdown, challenging storms at our largest hubs and obviously the grounding of our 737 MAX fleet.
Dealing with these issues has not been easy, and they have done it with professionalism and commitment. So from all of us, thank you for all of your efforts. We filed our first-quarter 2019 earnings press release this morning. Excluding net special items, we reported a first-quarter net profit of $237 million.
This is versus $353 million in the first quarter of 2018. Our diluted earnings per share, excluding special items, in the first quarter were $0.52 per share, down from $0.74 per share in the first quarter of 2018. Our first-quarter 2019 pre-tax profit, excluding net special items, was $314 million resulting in a pre-tax margin of 3%. Before I give more details on our financial performance, I'd like to provide an update on our fleet.
As you are aware, on March 7, 2019, we announced the unplanned removal of 14 737-800 aircraft from service for remediation work following the installation of new aircraft interiors resulting in the cancellation of approximately 940 flights in the quarter. Work on these aircraft has been completed and all aircraft have been returned to service. In addition, on March 13, 2019, the FAA grounded all U.S.-registered Boeing 737 MAX aircraft. Our fleet currently includes 24 Boeing MAX 8 aircraft with an additional 76 aircraft on order.
As a result of the grounding, we canceled approximately 1,200 flights in the first quarter. In aggregate, we estimate that these grounded aircraft and associated flight cancellations negatively impacted first-quarter pre-tax income by approximately $80 million, $50 million of that is attributed to the MAX. We have now removed all 737 MAX flying from our schedule through August 19 resulting in the cancellation of approximately 115 flights per day or approximately 2% of daily capacity during the summer period. Although these aircraft represent a small portion of the company's total fleet, the financial impact is disproportionate as most of the revenue from the cancellations is lost while the vast majority of the cost remain in place.
In total, we presently estimate that 737 MAX cancellations, which we assume right now will extend only through August 19, to impact our 2019 pre-tax earnings by approximately $350 million. Despite the challenges of our fleet, our total revenues were a record for the first quarter at $10.6 billion or a 1.8% increase over the first quarter of 2018. Our total RASM was up for the 10th consecutive quarter as TRASM increased by 0.5% to $0.1587, also a record for the first quarter. This revenue growth was driven in part by the continued success of our basic and premium economy products as well as initiatives to drive higher load factors in the shoulder periods, all of which helped grow passenger revenues by 1.9% to $9.7 billion in the first quarter.
Our cargo yields grew by 5.5% for the quarter, but a reduction in available cargo capacity due to reductions in our flying to China and Latin America meant that cargo revenues were down 4% to $218 million. Our loyalty program continues to drive revenue growth, and other revenues were higher by 1.9% to $708 million for the quarter on higher card acquisitions. Total operating expenses in the first quarter of 2019 were $10.2 billion, up 2%. When fuel and special items are excluded, our unit cost increased in the first quarter by 2.7% compared to 2018 due primarily to increased maintenance expense, contractual increases in salaries and benefits, facility rents and depreciation and amortization.
Turning to the balance sheet. We ended the quarter with approximately $7.2 billion in total available liquidity. So far this year, our treasury team has completed a number of transactions including securing financing for 30 new aircraft through mortgage and sale leaseback transactions. With the exception of three regional aircraft delivering in the fourth quarter, we have committed financing for all aircraft deliveries through 2019, and we have committed financing for 25 of our 2020 deliveries.
We continue to evaluate financing options for our remaining mainline and regional aircraft deliveries. We made contributions of $364 million to our defined benefit pension plans in the first quarter. For 2019, we still expect total contributions for the year to be approximately $800 million. Driven by strong asset performance in the first quarter, we estimated that the funding status of our plans has improved by over $300 million as of March 31 compared to year-end or approximately 380 basis points.
In the first quarter, our debt including pensions continued to decline driven by contributions to our pension plan and through debt amortization. We continue to expect that our 2019 year-end debt [Audio gap] compared to year-end 2018. As the elevated capex associated with our refleeting program ends after this year, we expect this trend to continue for the foreseeable future. We remain committed to returning cash above our target liquidity to shareholders as market conditions merit.
During the first quarter, we repurchased 16.7 million shares for $600 million bringing our share count to 444 million, a 41% decline in the share count since the merger in 2013. Our available authorization for stock buybacks is now $1.1 billion and expires at the end of 2020. We filed our investor update this morning, which include our guidance for the second quarter and full-year 2019. Due to the ongoing impact of the grounding of our MAX fleet, we now anticipate capacity growth of approximately 2.5% for the full year and approximately 0.7% in the second quarter.
While lower than our original plan, this capacity growth will still allow us to fully execute our growth plans at our DFW hub, which will be the primary driver of our ASM growth for the rest of the year. For the full year, we now expect that our 2019 cost per ASM, excluding fuel, special items and new labor deals, will grow by proximately 2.5% driven primarily by increases in maintenance expenses, higher regional cost due to volume of flying, higher airport rent expense and contractual salary and benefit increases. This 50-basis-point increase from previous guidance is solely due to the reduction in ASM growth that I mentioned earlier. Due to lower ASMs in the second and third quarters, we now expect that our CASM will increase by approximately 4.5% in the second quarter with growth of approximately 3% in the third quarter.
Fourth-quarter guidance remains unchanged at approximately 0.5%. Fuel price increases -- increased sharply during the first quarter of 2019. We are forecasting that our average fuel price will be between $2.14 and $2.19 per gallon for the second quarter of 2019 and $2.13 to $2.18 for the full year. Our anticipated consolidated fuel expense for the full year is now approximately $650 million higher than our expectations at the start of the year.For revenue, we expect that our total revenue per ASM will grow by between 1% and 3% in the second quarter.
Robert will provide more detail on the revenue environment in his remarks. But given the cost guidance I outlined above, we expect that our second-quarter pre-tax margin, excluding net special items, will be between 7% and 9%. Had we not had the impact of the MAX cancellations on the second quarter, we would have forecasted year-over-year margin expansion. Due to the impact of the grounding of our MAX fleet, which is about $0.60 per diluted share, and a significant increase in fuel expense for the full year, which is about $1.25 per share, we now anticipate that our earnings per diluted share, excluding special items, will be between $4 and $6 per share in 2019, an increase of approximately 10% at the midpoint over our 2018 adjusted earnings per share.
We still anticipate that we will see margins expansion in the back half of the year. We continue to anticipate an incremental $1 billion in revenue improvement and $300 million in cost reductions from One Airline cost initiatives in 2019. However, with fuel expenses where it is currently forecasted for the remainder of the year, we plan to take another look at all of our initiatives and our growth -- our planned growth in the second half of the year in 2020. We have revised our expectations for aircraft capex in 2019, which now anticipate it will be $2.7 billion, down from $3 billion in previous guidance due to primarily to the late delivery of five A321neo aircraft that will now be received in 2020.
As a result of the delay of the neo deliveries in -- to 2020, total capex will now expected to be $4.4 billion in 2019, $3.6 billion in 2020 and remain unchanged in 2021 at $2.2 billion. So far, 2019 has presented some unexpected challenges, but our team has responded admirably to take care of our customers and each other. We're excited about the opportunities we have to grow our business for the rest of 2019 and beyond. And we look forward to executing on all of our plans.
With that, I will turn it over to Robert.
Robert Isom -- President
Thanks, Derek, and good morning, everyone. Before I begin, I'd like to thank our team members for doing a great job of taking care of our customers. Their dedication to commitment to delivering outstanding customer service was a crucial component in our ability to generate record first-quarter revenues. This was no easy task, particularly given the challenges we faced with our fleet and weather.
As we prepare for summer, our focus is around planning for the busiest travel period of the year. And as Derek mentioned, on April 14, we made the decision to extend the cancellations of our Boeing 737 MAX aircraft through August 19. Our team has done a remarkable job in taking care of our customers, and it's been a real challenge given the magnitude of this disruption. For flights through August 19, we have had to reaccommodate almost 700,000 customers.
700,000 customers from almost 15,000 MAX cancellations. And it's not just our passengers, it's literally thousands of our crew members that have had their work schedules altered on very short notice. And that means that our reservations, customer relations and crew resources teams have been working nonstop and overtime to take care of our customers and team. So again, from all of us to our colleagues, thank you.
Based upon our ongoing work with the FAA and Boeing, we are confident that the MAX will be recertified prior to August 19. But by extending our cancellations through the summer, we can plan more reliably for the peak travel season and provide confidence to our customers and team members that we will operate our planned schedule. Once the MAX is recertified, we anticipate bringing these aircraft back into service as spares to supplement our operation as needed during the summer. As we have discussed on past earnings calls, we have several initiatives to improve our operating reliability.
The initiatives we are undertaking are making sure that our aircraft are ready to start the day, depart on time and then turn throughout the day on schedule. We also continue to evaluate and refine our planning processes to ensure that we are ready to deliver better service during our peak travel periods throughout the year. While we still have a lot of work to do, I am pleased to report that despite the challenges we have had with our fleet, we've improved our competitive position for reliability. Our relative on-time performance and completion factor both improved.
We've seen particularly strong performance from our Northeast hubs in Philadelphia, DCA, LaGuardia and JFK. And our regional operations have been outstanding, delivering the expected results from our continued investment in the regional fleet, the simplification of our Eagle Partner portfolio and performance initiatives to ensure consistency across the regional business. We've made steady improvements in our international widebody performance as well delivering the best quarter of on-time performance in our history, and we're setting new reliability records for our cargo customers as well. On the products side, we have continued to take big steps forward in creating a world-class customer experience.
During the first quarter, we opened newly renovated Admirals Club in Boston and Charlotte nearly doubling the seating capacity. And our renovation project at Pittsburgh just finished up last week. We will also be growing our network of Flagship First Dining and Flagship Lounges with DFW opening later in the second quarter. During the first quarter, we announced new innovative and exclusive partnerships that further differentiate American from competition with the private suite at Los Angeles International Airport and with Blade, a helicopter transfer service at both LAX and JFK.
These new partnerships further enhance American's already well-known five-star service offerings for premium customers. In addition, we announced an enhanced partnership with Hyatt Hotels. Elite members in both the Advantage and World of Hyatt Loyalty Programs will be rewarded with more ways to earn points, miles and status on qualifying American flights in Hyatt Hotel stays. On the digital front, in-flight WiFi has long been a frustration for airline customers as slow speed and frequent outages had made for a difficult experience.
This is no longer the case with American. We have now had -- we now have the bandwidth to meet their needs -- our customers' needs as our installations of high-speed WiFi throughout our domestic fleet are nearly complete. We've also activated free live TV on nearly all of our mainline aircraft. And we continue to be the only U.S.
carrier to offer live television on international flights. In addition, we launched a new exclusive partnership with Apple giving our customers access to Apple music to stream more than 50 songs, playlists and music videos on any domestic flight equipped via satellite WiFi. These are just a few of the examples of the investments that we have made in our product that further differentiate American from the competition. As we look to our network, we are leveraging our strengths with high-margin growth planned at our Dallas-Fort Worth and Charlotte hubs.
The first stage of that growth commences in May, where we'll begin using our 15 new gates at DFW, which will add approximately 100 departures per day. We've already begun selling tickets to 23 new routes and additional frequencies in over 70 markets. And the early results are encouraging as both bookings and yields are coming in at rates higher than the system average. This marks the first opportunity for significant growth at one of our most profitable hubs.
We are excited about adding this capacity, particularly into the diverse and robust North Texas economy, which is one of the fastest-growing regions in the U.S. We remain on track with our growth plans in Charlotte for 2020 and at our hub in Washington, DCA in 2021. Our global sales and distribution team produced strong results last quarter as corporate revenue growth outpaced system revenue growth on healthy corporate demand and improved corporate fare environment. The team continues to execute on making American Airlines the easiest airline to do business with, including recent corporate recognition enhancements.
Corporate customers now receive complimentary priority access, which includes a priority check-in, priority security and group fore-boarding. And during irregular operations, corporate customers now receive a higher prioritization for reaccommodation. Working with our corporate customer advisory board, we receive guidance and feedback on this and other strategic initiatives solidifying American Airlines as the preferred airline for business travelers. The first quarter was also another record-breaking quarter for new corporate account acquisitions ensuring a strong and healthy pipeline for future corporate growth.
Based on our recent corporate customer survey, 90% of respondents said that they plan to increase or maintain their spend in 2019 as compared to last year. So we feel confident about corporate demand for the remainder of the year. In loyalty, we continue to see strong growth in advantage flyers along with more customers qualifying for elite status with year-over-year yield improvements exceeding system increases. We're also seeing strong growth in redemption bookings.
We set first-quarter records for acquisitions and spend on our AAdvantage credit cards, and we expect that to carry forward for the full year. As we've previously mentioned, the enhancements to our Citi/Advantage Platinum Card and the introduction of the no-fee MileUp card last year have increased customer engagement in both acquisitions and retention. This quarter, we're excited to announce new benefits for our Barclays' red and silver aviator cards beginning on May 1. New card features include an annual companion certificate, enhancements to the travel experience with credits for onboard WiFi and food and beverages.
With these changes, we believe we offer an unrivaled portfolio of cards to engage a broad range of customers. Our product segmentation strategy continues to provide choice for our customers and drive incremental revenue for the company. With our premium economy retrofit program now complete, American has more aircraft with this differentiated product than any other U.S. airline.
The average fare for premium economy continues to be twice the coach fare, making it the most profitable use of square footage on our widebody aircraft. We are an industry leader in this category, and our customers are noticing as we were recently recognized by TripAdvisor for having the best premium economy product for the -- for North American carriers in their Travelers' Choice Awards. All of this resulted in record first-quarter revenue of $10.6 billion, up approximately 2% year over year. On a unit revenue basis, total revenue per available seat mile improved 0.5% year over year.
This marks the 10th consecutive quarter of positive unit revenue growth for American. We are pleased with our revenue performance. Although we were slightly below guidance, we were on track until the middle of March and the grounding of MAX, after which we saw close-in softness through the balance of March due to schedule uncertainty resulting from the MAX-related cancellations. Also, as a reminder, in 2018, we made a big investment on our AAdvantage program, making it more valuable to customers.
We significantly increased the inventory available for redemptions in 2018, increasing the value of the mile to our customers, while also giving our customers more flexibility to use their miles. For the quarter, these changes had a negative impact of 0.9 points to unit revenue. We anticipate a similar impact for the remainder of the year. Normalizing for this, our passenger unit revenue would have increased 1.5% in the quarter, a solid result considering the impact of the MAX grounding and our exposure to weak long-haul Latin markets.
We led the industry in year-over-year performance in both the Atlantic and Pacific entities as we were able to grow load factor in a weak pricing environment. The Pacific also benefited from our network restructuring to China and our partnership with Japan Airlines. Japan unit revenue grew by double digits. Our normalizing unit revenue for the domestic business grew by 1.2%, in spite of the MAX grounding.
Latin performance was weak for American in the first quarter due to Argentina and Venezuela unit revenues, which were down by over 20%, and also difficult year-over-year comps. We expect the Latin entity to move to positive territory in the second quarter. Looking forward, we expect our second-quarter year-over-year TRASM to be up 1% to 3%, a 1.5 point sequential improvement from the first quarter. This incorporates a negative 0.5 point impact due to the MAX grounding and a negative to unit revenue because the MAX cancellations are higher-yielding, lower stage-length flights from an overall system perspective.
And we are reaccomodating passengers into seats that would have otherwise sold at higher fare levels. So as we prepare for the busy summer season, we're all excited about what the future holds for American Airlines. We're intensely focused on creating value for our shareholders by running a great operation, continuing to improve our product and taking advantage of the opportunities to strengthen our network. With that, we'd like to turn the call back over to the operator and begin our question-and-answer session.
Thank you.
Questions and Answers:
Operator
[Operator instructions] And our first question comes from David Vernon of Bernstein. Your line is now open.
David Vernon -- Sanford C. Bernstein -- Analyst
Hey, good morning, guys. Thanks for taking the question. I wanted to ask a little bit about the guide-down on fuel and how you're thinking about the revenue environment as we get through the year. Obviously, you can't give us guidance on what TRASM should be doing.
But I wanted to make sure there isn't something that's following on from the disruptions caused by MAX that might make it harder for you to go ahead and exercise a little bit more pricing in a market where there's less capacity and higher fuel cost.
Doug Parker -- Chairman and Chief Executive Officer
OK, sure, David. This is Doug. And let me take the guidance point, and then Don can talk more about the environment and so. Anyway, the guidance change was simply -- again oil prices are -- just the change in our price compared to three months ago was $650 million higher for us.
We didn't build into our guidance hope that because oil prices were higher than they were three months ago, the fares in the future are going to be higher than they are today. That may be the case, we shall see. But we didn't do that. In this case, yes, they're three months higher -- the $650 million are higher than they were three months ago.
But they're not much higher or much different than they were a year ago or certainly throughout 2018. So they went down for a period of time. At the time we gave our last guidance, they had recovered. That doesn't -- well we'll do everything we can, of course, to make sure we're pricing to cover our cost and increased cost.
As to the guidance itself, largely just as the fuel price being adjusted back to current levels versus where they were three months ago. Don, you want to talk about the environment and so?
Don Casey -- Senior Vice President of Revenue Management
Yes. Sure. So just we did see during the first quarter a bit of weakness in leisure yields. This was driven primarily by price reductions and flow in connecting markets in the domestic business plus some sporadic and aggressive pricing in transfer markets.
The biggest impact, however, was just the grounding of the MAX through the end of March and through April. As we look forward, from where we are right now, our load factors are up in future months. And the yield environment has stabilized, and we're seeing growth every week and also are pretty happy with what the outlook looks like, which is one of the reasons why we've guided up a 1.5 point from the first quarter.
David Vernon -- Sanford C. Bernstein -- Analyst
OK. And then maybe just as a quick follow-up to that. I think some of the other airlines in the quarter have said -- have actually called out a little bit more sequential improvement in things like corporate bookings. Can you comment a little bit on how the close-in bookings look at current for American?
Doug Parker -- Chairman and Chief Executive Officer
Sure. Again, as we went through the quarter, we saw through January and February a very, very strong close-in yields for bookings within 13 days of departure. With the MAX cancellations, we did see some share shift. This was caused by the fact that we reaccomodated customers onto flights and just less seats out in the market to go sell.
That is an impact to the end of March and really through April as well. And we saw just because of schedule uncertainty as we canceled the schedule in three tranches, some customers moving away just due to schedule uncertainty. That has now kind of come back. And we're seeing the same kind of close-in yield improvements that we saw in January and February.
David Vernon -- Sanford C. Bernstein -- Analyst
Great. Thank you for the time.
Operator
And our next question comes from Jamie Baker of J.P. Morgan. Your line is now open.
Jamie Baker -- J.P. Morgan -- Analyst
Hey. Good morning, everybody. The August 19th MAX date would seem to imply that recertification would need to occur sometime in July. I mean I suppose you can operate the aircraft as spares once you have the green light.
But obviously, you need several weeks to sell the inventory. So that July timing seems to be at odds with a growing consensus that a global regulatory consensus may be needed. And of course, rolling cancellations such as this diminish shield production. So why wouldn't the better, more profitable strategy be removing the MAXs into the holidays, adjusting labor lines accordingly and reaping the RASM benefits associated with that reduced capacity?
Doug Parker -- Chairman and Chief Executive Officer
OK, Jamie. Let me try first the premise. And then if you'd like to explain why -- if we did what you're suggesting, I think that would not be -- that would actually hurt earnings, not help them.
Jamie Baker -- J.P. Morgan -- Analyst
By all means.
Doug Parker -- Chairman and Chief Executive Officer
Yes, certainly, on the premise itself when these aircraft come back into service. As Robert said, we after getting every piece of information we can from the FAA and Boeing who've been working closely with us, of course, we came to the conclusion that we needed for our customers' certainty in booking and for our team members to put the start-up date as far out in the future as we thought with -- as we said to the FAA and Boeing that we need like 95% certainty that the aircraft -- that what we're going to be selling will actually be flown. That's what we think about August 19. There are all sorts of different suggestions as to what is required to do this.
But the reality is the FAA and the DOT regulate the U.S. carriers. They're working closely with Boeing. Everything we see at this point it there is a fix that makes the aircraft airworthy for any airline.
And when that -- when they make that determination, we expect the aircraft will be recertified. And again, we believe August 19 is a date that gives us a lot of certainty, gives our customers certainty. And expect actually it will be certified well before that day. So that's why we set it there because we think it's well outside the date.
So actually that's where we are, I don't know any [Inaudible] doing something different than that. And that is why we did it. That's because we believe the aircraft will be certified before that. And certainly hope that's the case.
Jamie Baker -- J.P. Morgan -- Analyst
OK. Second, and this may be a little bit tougher. Can you give us a feel for how many new hires you've made in pricing and revenue management over the past 970 days? Not entry-level, but any mid-to-high level type hirings?
Doug Parker -- Chairman and Chief Executive Officer
Well, maybe you can tell us why you'd like to know that? I am just confused what you're trying to get at, Jamie?
Jamie Baker -- J.P. Morgan -- Analyst
I believe that your marketing department received a blow roughly 970 days ago with Scott's departure.
Doug Parker -- Chairman and Chief Executive Officer
OK. Thanks. Don?
Don Casey -- Senior Vice President of Revenue Management
There really hasn't been anybody. And so mid-market, mid-level and up in the organization is -- are all people that were here when Scott was here.
Jamie Baker -- J.P. Morgan -- Analyst
Thank you very much.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Jamie.
Operator
Thank you. And our next question comes from Darryl Genovesi of Vertical Research Partners. Your line is now open.
Darryl Genovesi -- Vertical Research Partners -- Analyst
Hi. Good morning, everyone. Hey, Derek, can you just help provide some sensitivity around -- some earnings sensitivity around a potentially longer 737 MAX grounding? I mean, I guess, I'm looking for something like if we lose it for an extra month, then the EPS it is x? Can you -- are you able to do that?
Derek Kerr -- Chief Financial Officer
It will be harder to do. But I mean I can give you what the EPS impact -- I mean we said it's $0.60 for where we're at. The -- by month or by quarter, right now in the second quarter, we said it was a $350 million impact. We had $50 million in the first quarter, approximately $185 million in the second quarter and approximately $115 million in the third quarter.
So I would say the $185 million in the second quarter is a full quarter. So that's a number that's there the whole time. But that is the summer and that's the peak. So it might be a little bit higher than if it continued into August, September, October.
It might have a little bit less effect where we probably have a little bit more room. I mean the reason we took it down to August 19 is that's when the end of the summer is and when the peak is. So we may have a little bit more room in August and September to cover some of the flying. So I think that's the best we can do right now from that effect.
But you got $0.60 a share, and then the impact about $180 million in a full quarter.
Darryl Genovesi -- Vertical Research Partners -- Analyst
That's good. That's helpful. Thank you. And then Robert or Don, just looking at booking trends that you've seen since the MAX was initially -- or maybe even going back to before the MAX was grounded, but when some of these headlines started coming up, have you seen anything in booking trends that would suggest lock-ins on the part of your customer base to take 737NG flights? I mean, I guess I'm just thinking to the infrequent traveler a 737-800 and a 737-8 sound like more or less exactly the same thing.
So just wondering if you've seen anything like that yet? And if that's something that we should worry about even post the return to service by the MAX?
Don Casey -- Senior Vice President of Revenue Management
Yeah, the answer to that is no. There's not a significant change in load factors from what we can see. I think the bigger issue has been schedule uncertainty. Don't forget that to get to where we are now, we had to go through a series of tranches and cancellations that were all close-in.
And as Don had mentioned earlier, we had -- for close-in bookings, we saw share shift that definitely benefited some of our competition. The good news is that now we've canceled further out, that certainty is back. And it really gives us something that we can go out with our sales and distribution teams to give confidence that that schedule is certain. But in regard to questions about preference for aircraft types, we don't -- we haven't seen anything like that.
Darryl Genovesi -- Vertical Research Partners -- Analyst
OK. Thanks for the update. Appreciate it.
Doug Parker -- Chairman and Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Hunter Keay of Wolfe Research. Your line is now open.
Doug Parker -- Chairman and Chief Executive Officer
Hey, Hunter.
Hunter Keay -- Wolfe Research -- Analyst
Hey. Good morning, Doug. Thank you, everybody. So you guys have to about over -- actually over $3 billion in merger-related costs being pulled out of CASM now five years after the merger.
You're not the only airline to do that. And so sorry to isolate you here. But curious to know when these are going to stop? And how much of the special items this quarter or in that $3 billion have been cash? Thanks.
Doug Parker -- Chairman and Chief Executive Officer
I'll intro and then Derek give the details. Look, really good question, one that we ask ourselves all the time and our auditors ask us. But the reality is what we -- we're very careful about what we include in special items. They are meant to be items that are nonrecurring items.
Therefore, to give all of us, our investors in particular, an idea of what the ongoing financial performance of the company is. So -- and the fact of the matter is, in an airline, merger-related activities still go on four and five years later, and they still are. So we work through with our auditors to figure out what exactly things that are going on that are still related to merger. We still have issues related to the merger.
It's something we -- just this quarter we got our flight attendants on to one scheduling system. So they can work together. There's a lot of work to do in maintenance and other items. So they are items that we wouldn't do if it weren't for the merger.
They wouldn't have been in either company's P&L if they were separate. They're there because we merged two airlines and have to incur expenses as a result of the merger. But Derek, any more detail?
Derek Kerr -- Chief Financial Officer
Yes. What I would say is it's exactly right. I think from a cash standpoint, the merger and integration items are cash items that come out of cash. Whereas I think the fleet restructuring is noncash and it's just bringing forward catch-up depreciation and accelerated depreciation.
Example is the aircraft that -- as part of the merger, we're doing our, we call it, the Oasis project or the project to conform the aircraft and make sure that they're -- all the seats are same on both A321s and the 73s. That makes us go on the newer 737 aircraft and retire like the seats in the videos on the back five years earlier, and that's catch-up depreciation that you put in there. So that's noncash. Merger and integration is almost all cash as you break out the two numbers.
Hunter Keay -- Wolfe Research -- Analyst
OK. That's helpful. Thank you. And then, Robert or whoever, maybe Don, you talked about Dallas growth and obviously, you referenced the economic strength in the region.
But capacity in the DFW area is going to be about 50% higher this summer than it was in 2010. How are you thinking about that in terms of maybe over-saturating the market, competing against yourself either via local or connecting basis and just managing the risk around some of this growth? Thanks.
Don Casey -- Senior Vice President of Revenue Management
Anyway, I don't think we're actually up 50%. I'm not sure where...
Hunter Keay -- Wolfe Research -- Analyst
Not you. No. No. Don, not you.
It's the DFW area, between you and Love Field, to be clear. Sorry.
Don Casey -- Senior Vice President of Revenue Management
Yeah. You're either looking at us and Love Field, I'm not sure how you get to a 50% number. Maybe a big part of their growth in Love Field is capped, right? So there's really no departure growth happening at Love Field right now. We're growing about a 100 departures, right, DFW from 800 to 900.
But anyway.
Hunter Keay -- Wolfe Research -- Analyst
Don, I'm sorry. I was talking about, just to be clear, from 2010. It's a long time ago. Not year on year.
It's arguably a cherry picked trough but the point it has a lot more capacity now than it was 10 years ago. And I'm just trying to make sure how you guys are thinking about the competitive impact either from yourselves or others? That's what I'm getting at. Thanks.
Don Casey -- Senior Vice President of Revenue Management
Sure. Well, as we get from 2010 to 2018, right, which was up until last year, it's been one of our best-performing hubs during an entire time period, right? We're growing it this year. A big percentage of the customers we're going to grow are going to be connecting customers, right? So not really reliant just on the DFW market. And again, when we look at the early results in terms of the -- how the new markets are booking up, they're booking up at or above the system average, I think we're pretty encouraged.
Doug Parker -- Chairman and Chief Executive Officer
Yes. And one thing I'll add, Jamie, is -- I'm sorry, Hunter, I do it everytiime. And it's not intentional, I promise.
Hunter Keay -- Wolfe Research -- Analyst
Jamie and I were just discussing that earlier this morning, ironically.
Doug Parker -- Chairman and Chief Executive Officer
I know. Sincere apologies to you both. So look, again, this is one of these once-in-a-lifetime opportunities that are good for the airline on every -- in every way. It is our largest hub.
The chance to expand it by a 100 departures doesn't come along very often. It's -- frankly, it's not so much about Dallas as it is about the United States because we connect -- we will be connecting most of those people over Dallas much more to markets that we weren't able to sell before in some cases that our competitors were able to sell and other cases that we just sold not very efficiently. So it's these things, as Robert noted, we add these flights. They come in at system average.
They don't need to buildup their markets. But there's demand for the travel. And you fly an airplane in the Dallas-Fort Worth, and it connects people to hundreds of markets that they didn't have opportunities to fly to before. It's building up the hub, getting it to be even more powerful than it is today.
And it's really -- it's very nice growth.
Derek Kerr -- Chief Financial Officer
Hunter, I'd just add that these 15 gates in this satellite E, it's a fantastic opportunity. So versus going out and spending tens of millions of dollars for a gate anywhere else for growth, these are a fraction and fraction of that kind of cost. And we're ready to go. So excited.
Hunter Keay -- Wolfe Research -- Analyst
OK. Thank you very much.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Hunter.
Operator
Thank you. And our next question comes from Jose Caiado of Credit Suisse. Your line is now open.
Jose Caiado -- Credit Suisse -- Analyst
Hey. Good morning, everyone. Thanks for taking the time. I was hoping we could start just with the cost of the MAX grounding, which you quantified at $350 million for the year.
I guess I'm struggling to reconcile that with what we heard yesterday from your cross-town competitor, which has larger fleet exposure than you do but appears to be guiding to a lesser MAX impact for the full year. Could you just maybe walk us through why that might be and the moving pieces there? Is that maybe a function of where you concentrated your MAX fleet? Just any help there.
Doug Parker -- Chairman and Chief Executive Officer
OK. First, well anyway, I don't think that their number -- their absolute numbers that they gave one. And if they did, if it's dramatically different, so...
Derek Kerr -- Chief Financial Officer
And the only thing we could figure out from their guidance was they went -- CASM was worse by 4%, and RASM went up by 1%. So a 4-point-basis-point reduction in earnings, which would be over -- on their margin would be over $250 million in the second quarter, so...
Doug Parker -- Chairman and Chief Executive Officer
So -- but we shouldn't speak for that.
Derek Kerr -- Chief Financial Officer
But we don't -- yeah.
Doug Parker -- Chairman and Chief Executive Officer
But our analysis at least on what they said looked consistent with ours is what we should say. We may be missing that. But we just looked at what they said came close to the numbers as Derek said that way. So it seemed totally consistent.
In terms of the absolute number, the inconsistency versus ours a little bit is Robert suggested that our RASM in the second quarter would be lower than it would have been otherwise. They suggested it would be higher and they have higher CASM and we didn't have our caveat up that much. And again this is not speaking for them only for us but trying ourselves to understand why that may be. That is that we see more of a revenue per ASM change and they see -- we see revenue per ASM falling actually and they see it going up a little bit in the second quarter.
A few points to make. One, in -- the 737 MAX, of course, is an entirely domestic airplane. So in the American Airlines system, while the domestic revenue per ASM is a higher number than revenue per ASM international and could largely get a stage linked. So Southwest obviously doesn't have that issue.
They don't -- anyway, so they're not taking out their highest revenue per ASM flying. In this case we are. It's just the math issue basically. But that would have an impact.
The other point you know that I imagine is the case Robert talked about how painful this is to us. At American, in the near term, when we have people who have bought travel in advance, so in our pricing model, some leisure travelers with advance purchases who have bought lower-price tickets and then we cancel them in the relatively near term in a peak, we need to provide them seats that we were holding back for higher-price customers -- for higher-yielding customers. So that has a real impact on revenue per ASM. And again, Southwest pricing model has less of that than ours.
So those again is our best guess as to why they may be seeing a different thing on revenue per ASM than we are. But the total profitability impact to us looked right in line with where we are. But if we're wrong on that, let us know. What I can tell you for certain is we feel really confident with our number.
We spent a lot of time on it, and we feel really good about our estimate.
Jose Caiado -- Credit Suisse -- Analyst
Yes. That's totally fair. Thank you for that, Doug. I know it's not clean math but that's helpful.
Just switching gears, Robert or Don maybe, I was hoping you could give us an update on where you are with those IT initiatives or that infrastructure work that you were doing that was going to enhance our ability to kind of pushout more offers and drive more ancillary conversions. Is that project completed and contributing already?
Robert Isom -- President
No. Don, you can -- and Maya can add in here, too. It's -- we're on track be able to really put some nice offers out to customers that post-purchase but preflight at the end of this month.
Don Casey -- Senior Vice President of Revenue Management
And that's right. Our first product is really it's an upsell. So if Fidelity push offers at upsell in the premium cabin. And we're going to be in market with our initial product by the end of May.
Jose Caiado -- Credit Suisse -- Analyst
That's great. Thanks for the time everyone.
Doug Parker -- Chairman and Chief Executive Officer
Thank you.
Operator
Thank you. And our next question comes from Dan Mckenzie of Buckingham Research. Your line is now open.
Doug Parker -- Chairman and Chief Executive Officer
Hey, Dan.
Dan Mckenzie -- Buckingham Research Group -- Analyst
Hey. Good morning. Thanks, guys. First question is really just sort of a clarifying question regarding the full-year guide.
The narrative in the first quarter was off-peak pricing weakness because there was too much capacity. And as I just kind of look at the growth that you guys are laying out for the fourth quarter, it's up 6%. And not asking you guys to give a revenue forecast for the fourth quarter, but I'm just hoping you can clarify whether the kind of the revised guide does factor in some off-peak pricing weakness that is probably likely to manifest in the fourth quarter or what gives you comfort that the fourth quarter won't be a repeat of the first quarter?
Doug Parker -- Chairman and Chief Executive Officer
Just let me -- when we talk about growth for this year, it is DFW and then the start of Charlotte. So again, as we take a look at any of the growth that -- as Don had mentioned earlier, any of the growth that we had planned for this summer, and as we extend out into that schedule for DFW and Charlotte, we think that that is smart growth and it's growth that is going to maintain performance for us as we take a look out through the end of the year.
Dan Mckenzie -- Buckingham Research Group -- Analyst
OK. But I'm just trying to clear, does the fourth-quarter factor in potentially some pricing weakness? Or there is a -- I mean, maybe you can just help -- because that -- Hunter's question actually was my question as well. Maybe you can you just help us understand the nature of the growth. What percentage of the growth is smaller high-yielding markets? What percent is kind of the larger competitive markets that maybe lost on folks just as we kind of think about the revenue trajectory through the end of the year?
Robert Isom -- President
Again, the bulk of the growth is going to be focused on Dallas, right, skewed to overall domestic growth. Domestic has, again, higher nominals, right? So the entity mix as we head into the fourth quarter is going to be favorable for us.
Dan Mckenzie -- Buckingham Research Group -- Analyst
Smaller markets though? I mean, like 50% of the growth out of Dallas is to smaller higher-yielding markets? Is there -- can you just help give us a little bit more clarity there?
Derek Kerr -- Chief Financial Officer
50% regional. So that would be the case.
Dan Mckenzie -- Buckingham Research Group -- Analyst
Understood. OK. Thank you.
Operator
Thank you. And our next question comes from Susan Donofrio of Macquarie Capital. Your line is now open.
Susan Donofrio -- Macquarie Capital
Yes, good morning. I just wanted to get some more color on your international markets in terms of the trends you're seeing. And if you could also just provide a little more color on competition in those markets?
Don Casey -- Senior Vice President of Revenue Management
OK. Sure. This is Don. If you go look at the first quarter, Latin was our most challenged entity for the quarter.
Particular for Argentina and Venezuela, where we saw revenue declines of more than 20%. Just as a reminder, we did end up suspending operations to Venezuela on March 28. So that won't have an impact as we look forward. We also in the first quarter had particularly difficult comps in Latin America.
Unit revenue growth from the first quarter last year was up 12% while the rest of the industry grew in the 5% range. We also faced some currency headwinds in the first quarter in Latin America by about 1.7 points. But as we look forward into the second quarter in Latin America, we expect Latin America actually positive in the second quarter and we expect Brazil to have positive unit revenue in the second quarter as well. In Atlantic, we did see softer pricing in the economy cabin during the first quarter, which we were able to offset with higher load factors.
premium demand did hold up. We were able to improve our yields in the premium cabins. U.K. was our top-performing market in the first quarter and we have not really seen any impact at this point related to Brexit.
And we expect similar to potentially slightly better performance in Atlantic as we look into the second quarter. Pacific was our best-performing entity for the quarter with unit revenue growth about 9%. Gains were really in both yield and load factor and across both economy and business cabins. So just very broad strength in the Pacific.
Every entity in Pacific have positive unit revenue growth led by Hong Kong and Japan. We benefited from our restructuring of our operations to China and our partnership with China Southern. So we added five additional coacher cities to Beijing and Shanghai. We now cover either through our own metal or through our coacher with China Southern 86% of demand.
So we expect Pacific looking forward to be solidly profitable in the second quarter -- sorry solidly positive in the second quarter as well.
Susan Donofrio -- Macquarie Capital
Great. And then just as a follow-up. Is there anything you're doing in terms of further integration of your alliance partners?
Don Casey -- Senior Vice President of Revenue Management
That's just an ongoing process, right? So with all of our joint businesses, we have a roadmap of initiatives on how we're going to better integrate our services because that's really key. It's creating more seamless experience for customers across the combined networks.
Derek Kerr -- Chief Financial Officer
And there's good news on the horizon. We're very confident that our Qantas JV will be approved to go forward sometime soon and that's beneficial, and we're constantly at work with IAG, especially BA on making sure that everything that we do is making our product more consistent and easier to use for our customers.
Susan Donofrio -- Macquarie Capital
Great. Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Thanks, Susan.
Operator
Thank you. And your next question comes from Andrew Didora of Bank of America. Your line is now open.
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Hi. Good morning, everyone. Really just one question, Doug. As you outlined in your release, free cash flow should increase significantly heading into 2020 and really kind of be the first year of true free cash flow generation since the merger.
I know this has been the story given your capex program and I know that cash doesn't come in the door for a bit. But can you maybe give us a sense of what your priorities are going to be for that free cash flow as you stand right now? Thanks.
Doug Parker -- Chairman and Chief Executive Officer
Yes, thanks, Andrew. That will be consistent with what you've seen from us to date. And then looking -- and our view on capital allocation goes like this. As we generate cash, we use it first -- again having generating cash having invested in the operation but having produced revenues in excess of what we've spent in the operations.
We then look to invest in the business in any manner that can get returns for our investors to meet our thresholds. Those obviously, as we get through all of this both merger, capital expense and fleet monetization expense fall off. So we'll have -- we have less need for capex is what we're saying. We then look to -- with the cash flow that still exists, free cash flow that comes, we look to make sure that all of our debt is efficient and not at a level that is of any -- is remotely concerning.
So if there's any debt that can be -- that is at high levels can be prepaid, any debt is coming due, is amortizing, we pay off and may or may not decide to refinance based upon where we're at the time. Having done all that, if -- what we want to be certain is at least in today's environment that we have at least $7 billion of liquidity at any time. That's an enormous amount of cash for a company our size. But that is the cost to our shareholders of us being more leveraged.
What we know is, as confident as we are in the future, we need to prepare for any short of -- any sort of Black Swan-type event that could require us to need additional capital. So we hold a lot of cash with the view that that's more important in those time than having unencumbered airplanes, which are our defense in those times. So having done all of that, to the extent there's still free cash flow, that goes to our shareholders because we determine that we've used what we've generated to as best we can and having no other alternatives, we look to give it back to our shareholders. If we believe the stock is undervalued, the best way to do that is buy back our shares.
If we happen to believe the stock is fairly valued, we would look to do things like dividends. So that's what you should expect.
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Great. Thank you for that, Doug.
Doug Parker -- Chairman and Chief Executive Officer
Yep.
Operator
Thank you. And our next question comes from Joseph DeNardi of Stifel. Your line is now open.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Yeah, thanks. Good morning. Kind of along those lines, you've got the free cash flow outlook over the next few years. You know what your stock is trading at now.
Is there any thought to kind of pulling some of that forward? You've talked about eventually lowering the $7 billion to something like $5 billion. What are your thoughts there at this point? Thanks.
Doug Parker -- Chairman and Chief Executive Officer
Yes. Thanks. I don't believe I ever said the $7 billion -- that we're going to lower this $7 million to $5 billion. So I just want to correct that.
But what I have said I think is that $7 billion is a really high number for a company our size. I'm always careful to note that because some people started talking about that is some sort of a minimum cash. It is nothing close. That's a maximum cash basically that you could run this airline.
It's up to probably $2 billion of cash before you started being -- before you started having sort of issues about the future. But -- so we hold basically a $5 billion cushion, I think, I said. And maybe at some point, I think, it will be -- it will make sense to relook that number. But where we are today, we still believe that's the right number we still do have.
We still are working through merger issues. We still do have some large capex expenditures in this year. And frankly, we still -- this earnings level that we're projecting isn't what we believe is an earnings level that gets us excited about producing that number either. So for all those reasons, we think $7 billion is the right number at this point in time.
And as aggressive as we are in terms of wanting to return capital to shareholders certainly and aggressive at these valuations and wanting to repurchase shares, we are equally, if not, we are more aggressive in our view that we're not going to violate the $7 billion cash number as we move forward. We think that's important that we keep in place that as we sit here today. As we move forward, I suspect we'll come to the conclusion that we don't need to have that large of a number. But we're still working through.
All the issues I said and as we do so, it feels like the right number now.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
OK. And then just on the three, five, seven, I mean I know the proxy will come out shortly, can you just talk about whether the bonus will got funded in 2018 because I think you fell short on a pre-tax income basis of the $3 billion? And then how you're thinking about that going forward? And any changes you're kind of thinking about on the three, five, seven? Thank you.
Doug Parker -- Chairman and Chief Executive Officer
Yes. Happy to. And again, the three, five, seven, if anyone else doesn't know what we're talking about, we haven't had that for a while, our short-term incentive plan tied to pre-tax profits with the threshold of $3 billion, target of $5 billion, maximum of $7 billion, which as we've stated is our long-term yield about the profitability-generating potential of this company. In 2018, you're right, on a reported basis, we were slightly below $3 billion on any pre-tax level.
But this calculation is made prior to the payments themselves, of course, and prior to profit-sharing. So what you'll see in the proxy is that while it was reported number below $3 billion for the -- in terms of the planned calculation, it was slightly above $3 billion. So the team got a 51% of their target bonus in 2018. As we move to 2019 and setting the plan, we -- as to the named executive officers, me and my direct reports, are still on, in 2018, the three, five, seven plan.
But look, we got to be careful about making sure that while we may believe that's a long-term future, we got to make certain that we have incentive plans that allow our team to believe they have a reasonable chance at getting their bonuses in any given year. So we did amend the plan for everyone below the NEOs to be split into two components now, a financial plan and the operational plan, 50-50 of each in the financial piece we tied for 2018 -- for 2019, I'm sorry, to $4 billion of pre-tax earnings and starting at zero, much like the profit-sharing does. So that's where we set it going forward. Long way, we're seeing, which I think you probably care about more is what is our view about three, five, seven over the long term.
It's still -- again, we've said it there, I still believe this company has the potential. I will tell you, as we sit here today and given where we are for the past couple of years, as you think about explaining to people where you think you are, I would say certainly as you go into 2019, it feels a lot more like three, four, five. Four is a good year, five would be a great year and three is not a very good year. I don't try to make any big statement there about our long-term view of the company but just rather let you know what it feels like today.
And really what I'm saying is it's tightened somewhat that range. And we'll see where it goes going forward. But what I would also point out is if you want to go build numbers like that into models into the future, you're going to find -- I believe you will find that our stock is well undervalued because it's not trading like a -- it's certainly not trading like a three, five, seven. It is not trading like a three, four, five.
And that's where we believe we are today.
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Thanks, Doug.
Doug Parker -- Chairman and Chief Executive Officer
Yep.
Operator
Thank you. And our next question comes from Savi Syth of Raymond James. Your line is now open.
Savi Syth -- Raymond James -- Analyst
Hey, good morning. I just had two quick follow-up questions. Just on the summer operations in Dallas, I recognize that you're getting additional gates. So it's not like you're working more gates.
But just given the extra flying, are you comfortable with kind of the air side capacity and that we are not going to see something like we saw in LAX a couple of years ago?
Derek Kerr -- Chief Financial Officer
Yes. A great news on that is we've had teams at -- hard at work for literally over a year to make sure not only the facility is ready to go but service management at the airport and then also ATC is ready to go. And so when we take a look at from a regional perspective or from mainline perspective or whether you're talking about gates or equipment or personnel, we've already ramped up to a considerable level. We're not quite at the 900 level yet but we will be at the end of this month and really confident about where we go -- where we are going forward.
Savi Syth -- Raymond James -- Analyst
Helpful. Thank you. And just a quick follow-up on the capacity. You mentioned that you will take a look at forward capacity, if kind of fuel stays higher as we get into the shoulder periods again.
Is that more kind of a domestic perspective? Or should we think it international and domestic? Or how should we think about kind of where the potential cuts could come?
Don Casey -- Senior Vice President of Revenue Management
Well, we haven't said anything about cuts. But what I would say is that we're always on the lookout to make sure that we're optimizing profitability for the network as a whole. And so both international and domestic are interrelated and it's a network business. So as we take a look, we will evaluate our hubs, we'll evaluate our fleet and certainly all the cities that we fly.
But it's -- I'll underscore again. When we talk about the DFW flying for the remainder of the year and the growth that we had planned for the year, it's largely DFW-related. And the kind of things that we're doing is we're adding some new markets, some new spokes to DFW, places like [Inaudible] and Del Rio and Harlingen, places that we haven't served and then increasing capacity from a perspective of frequency out of DFW to some markets both smaller and midsized that we think that's going to make DFW stronger overall for the long run.
Savi Syth -- Raymond James -- Analyst
Appreciate that. Thank you.
Operator
Thank you. And we will now be taking questions from members of the media. [Operator instructions]. And our first question comes from Tracy Rucinski of Reuters.
Your line is now open.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
Hi, good morning. Doug, you seem really confident about the MAX being ungrounded by August 19. But there is still some uncertainty from global regulators. So my question is, if the FAA recertifies the MAX but other regions or countries like Europe or Canada have issues, will you still fly it?
Doug Parker -- Chairman and Chief Executive Officer
If the FAA recertifies the MAX, we absolutely will fly the airplane. That's our regulator. The -- and if the FAA determines that it's airworthy, it is absolutely airworthy and anyone that is flying on an aircraft will know that for certain. Look -- but this is part of the issue that FAA and DOT need to work through and administration needs to work through.
I don't know that that's us in the area that will develop or not. But to be clear, we're regulated by the FAA. We know that that aircraft with our pilots, with our training systems, with our aircraft is airworthy will be -- certainly will be airworthy if the FAA recertifies it. And we will -- and so yes.
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
OK. And if pilots ask for added levels of simulator training on checklists related to test failures, like runway stabilizer, will you provide it? And is there any possibility that additional training demands either from pilot unions or global regulators could delay the return to service of the aircraft?
Doug Parker -- Chairman and Chief Executive Officer
Again, our pilots are critical to this and we've been working -- our pilots have been heavily involved in all of this work. We -- that's what gives -- what will give us confidence and what will give the flying public confidence that the aircraft is safe to fly will be when American Airlines pilots say that it's safe to fly. Because I can tell you for certain that if an American Airline pilot decides that the plane is safe to fly you can be 100% certain of that. And not because -- not out of bravado, out of analysis, out of understanding the aircraft, out of training, out of knowing that their copilot has been trained accordingly.
So absolutely our pilots will be not just involved but critical to this process. We'll make sure that whatever time the aircraft is deemed airworthy that our pilots will have a leadership role in ensuring that they are comfortable with that. So that's a given, and we'll make sure that will be done. But again, we believe based on what we know now that will -- that by August 19th we will pass those thresholds.
Operator
Thank you. And our next question comes from Allison Seiter of Wall Street Journal. Your line is now open.
Unknown speaker
Hi. Thanks so much. Good morning. Since the two crashes, there's just been a lot of discussion about pilot training standards around the world.
Just wondering if you have looked at some of your partner airlines if you're having any concerns or questions about training at partners and if that's something that you have conversations with them about?
Derek Kerr -- Chief Financial Officer
So the good news is that we work very closely with all of our partner carriers. And as a process when we establish relationships, we do extensive reviews of their operations as well. And so from our perspective, we feel very comfortable with the lower carriers that we deal with and as well with our joint business partners. And we'll continue to make sure that customers flying in American Airlines, whether on American Airlines or with any of our partners that they're getting the best service, the most safe and reliable service that you can get.
Unknown speaker
And are those ongoing conversations? Have there been any through like renewed looks at standards or procedures at other airlines? Or is that something that sort of happens as the outset when a partnership creates?
Don Casey -- Senior Vice President of Revenue Management
No. It's a constant process.
Unknown speaker
OK. Thanks.
Operator
Thank you. And our next question comes from Patti Waldmeir of Financial Times. Your line is now open.
Patti Waldmeir -- Financial Times -- North America Correspondent
Thanks so much. Can you say anything about what compensation you may be seeking from Boeing for the cost that you've referred to on this call, the cost of the grounding and even things like staff working overtime to rebook passengers and things like that?
Doug Parker -- Chairman and Chief Executive Officer
Yes. All of our efforts at this point are working to make -- to get the airplane recertified and flying again for our customers. And our team members were working closely with Boeing. At the appropriate time, we'll talk about what this has done to American.
Boeing is a very -- is a good and longtime partner and we'll work through that privately. But nothing that we had any conversations at that point yet. At some time perhaps we will, but right now we're focused on working together to get the airplane back and recertified.
Patti Waldmeir -- Financial Times -- North America Correspondent
Thanks.
Operator
Thank you. And our next question comes from John Biers of AFP. Your line is now open.
John Biers -- AFP -- Journalist
Thank yuou. Just -- most of my questions have been answered already. But I wondered, are you -- how does this whole situation with the 737 MAX affect the way you think about Boeing versus Airbus going forward?
Doug Parker -- Chairman and Chief Executive Officer
Boeing is a phenomenal company that fields great airplanes as is Airbus. Obviously, we're not happy about this issue but no one is. Tragic events and what we care about is safety and we will work together as this industry always does to ensure that safety is the number one focus and we don't compete on safety nor do aircraft manufacturers. So we will as an industry make certain that this is addressed in a way that ensures that all aircraft are 100% safe.
And as that happens, we're certain that both manufacturers are committed to that as we are.
John Biers -- AFP -- Journalist
Do you feel like you have a clear understanding of what went wrong with the aircraft in the two crashes at this point?
Don Casey -- Senior Vice President of Revenue Management
Well, certainly not. I'll just chime in here. Look we have to -- first off, we operated 737 MAX very successfully for a number of months and really hadn't had to deal with any anomalies. So what we're doing is working with the FAA and with Boeing on what's been reported from the incidents, to make the aircraft better and correct any deficiencies, and I know that when we get through with addressing the issues related to MKS software that it's going to be an even better plane.
And so again, from our perspective, we have what you know about issues related to the aircraft. We certainly have our own experience with it, and we're constantly working to make sure that we make the aircraft better. And we look forward to recertification.
John Biers -- AFP -- Journalist
Thank you.
Operator
Thank you. And our next question comes from Ted Reed of Forbes. Your line is now open.
Ted Reed -- Forbes -- Airlines Writer
Thank you. I have two questions. First, I'd like to know about Munich. I don't understand the reasoning behind canceling Philadelphia and then starting Munich-Charlotte and Munich-Dallas?
Derek Kerr -- Chief Financial Officer
Ted, we're constantly taking a look at how the marketplace works. And for us, it's just better connecting opportunities. And so we think that it's going to be a great flight. And hopefully, it will lead to better things in the future.
Ted Reed -- Forbes -- Airlines Writer
Looking strong from the two new hub -- from these two hubs?
Don Casey -- Senior Vice President of Revenue Management
Yes. It is. And for smaller markets, you just need a lot more connecting traffic to make them work.
Ted Reed -- Forbes -- Airlines Writer
Secondly, I thought the pilot talks were going to go rapidly. But now it seems that they're going slowly and that there might not be any kind of deal till next year. Is that the case?
Doug Parker -- Chairman and Chief Executive Officer
We've just begun negotiation with our pilots. The talks are happening well in advance of the amenable date, which is January of 2020. So we're happy to be talking well in advance of that, and we would be -- it would be nice to get something done before the amenable date. That's I think both party's goals and we'll keep working toward that.
Nothing new to report.
Ted Reed -- Forbes -- Airlines Writer
All right. Thank you, Doug.
Doug Parker -- Chairman and Chief Executive Officer
Thank you.
Operator
And that concludes our question-and-answer session for today. I'd like to turn the conference back over to Doug Parker for closing remarks. [Audio gap]
Duration: 79 minutes
Call Participants:
Dan Cravens -- Managing Director of Investor Relations
Doug Parker -- Chairman and Chief Executive Officer
Derek Kerr -- Chief Financial Officer
Robert Isom -- President
David Vernon -- Sanford C. Bernstein -- Analyst
Don Casey -- Senior Vice President of Revenue Management
Jamie Baker -- J.P. Morgan -- Analyst
Darryl Genovesi -- Vertical Research Partners -- Analyst
Hunter Keay -- Wolfe Research -- Analyst
Jose Caiado -- Credit Suisse -- Analyst
Dan Mckenzie -- Buckingham Research Group -- Analyst
Susan Donofrio -- Macquarie Capital
Andrew Didora -- Bank of America Merrill Lynch -- Analyst
Joseph DeNardi -- Stifel Financial Corp. -- Analyst
Savi Syth -- Raymond James -- Analyst
Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent
Patti Waldmeir -- Financial Times -- North America Correspondent
John Biers -- AFP -- Journalist
Ted Reed -- Forbes -- Airlines Writer
More AAL analysis
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
10 stocks we like better than American Airlines Group
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Motley Fool Transcribing has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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American Airlines Group (NASDAQ: AAL) Q1 2019 Earnings Call April 26, 2019 8:30 a.m. So we're really bullish on American Airlines and on AAL as evidenced in the quarter by us purchasing approximately $600 million of American Airlines equity. [Audio gap] Duration: 79 minutes Call Participants: Dan Cravens -- Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President David Vernon -- Sanford C. Bernstein -- Analyst Don Casey -- Senior Vice President of Revenue Management Jamie Baker -- J.P. Morgan -- Analyst Darryl Genovesi -- Vertical Research Partners -- Analyst Hunter Keay -- Wolfe Research -- Analyst Jose Caiado -- Credit Suisse -- Analyst Dan Mckenzie -- Buckingham Research Group -- Analyst Susan Donofrio -- Macquarie Capital Andrew Didora -- Bank of America Merrill Lynch -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Savi Syth -- Raymond James -- Analyst Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent Patti Waldmeir -- Financial Times -- North America Correspondent John Biers -- AFP -- Journalist Ted Reed -- Forbes -- Airlines Writer More AAL analysis This article is a transcript of this conference call produced for The Motley Fool.
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[Audio gap] Duration: 79 minutes Call Participants: Dan Cravens -- Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President David Vernon -- Sanford C. Bernstein -- Analyst Don Casey -- Senior Vice President of Revenue Management Jamie Baker -- J.P. Morgan -- Analyst Darryl Genovesi -- Vertical Research Partners -- Analyst Hunter Keay -- Wolfe Research -- Analyst Jose Caiado -- Credit Suisse -- Analyst Dan Mckenzie -- Buckingham Research Group -- Analyst Susan Donofrio -- Macquarie Capital Andrew Didora -- Bank of America Merrill Lynch -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Savi Syth -- Raymond James -- Analyst Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent Patti Waldmeir -- Financial Times -- North America Correspondent John Biers -- AFP -- Journalist Ted Reed -- Forbes -- Airlines Writer More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q1 2019 Earnings Call April 26, 2019 8:30 a.m. So we're really bullish on American Airlines and on AAL as evidenced in the quarter by us purchasing approximately $600 million of American Airlines equity.
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[Audio gap] Duration: 79 minutes Call Participants: Dan Cravens -- Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President David Vernon -- Sanford C. Bernstein -- Analyst Don Casey -- Senior Vice President of Revenue Management Jamie Baker -- J.P. Morgan -- Analyst Darryl Genovesi -- Vertical Research Partners -- Analyst Hunter Keay -- Wolfe Research -- Analyst Jose Caiado -- Credit Suisse -- Analyst Dan Mckenzie -- Buckingham Research Group -- Analyst Susan Donofrio -- Macquarie Capital Andrew Didora -- Bank of America Merrill Lynch -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Savi Syth -- Raymond James -- Analyst Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent Patti Waldmeir -- Financial Times -- North America Correspondent John Biers -- AFP -- Journalist Ted Reed -- Forbes -- Airlines Writer More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q1 2019 Earnings Call April 26, 2019 8:30 a.m. So we're really bullish on American Airlines and on AAL as evidenced in the quarter by us purchasing approximately $600 million of American Airlines equity.
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[Audio gap] Duration: 79 minutes Call Participants: Dan Cravens -- Managing Director of Investor Relations Doug Parker -- Chairman and Chief Executive Officer Derek Kerr -- Chief Financial Officer Robert Isom -- President David Vernon -- Sanford C. Bernstein -- Analyst Don Casey -- Senior Vice President of Revenue Management Jamie Baker -- J.P. Morgan -- Analyst Darryl Genovesi -- Vertical Research Partners -- Analyst Hunter Keay -- Wolfe Research -- Analyst Jose Caiado -- Credit Suisse -- Analyst Dan Mckenzie -- Buckingham Research Group -- Analyst Susan Donofrio -- Macquarie Capital Andrew Didora -- Bank of America Merrill Lynch -- Analyst Joseph DeNardi -- Stifel Financial Corp. -- Analyst Savi Syth -- Raymond James -- Analyst Tracy Rucinski -- Thomson Reuters -- U.S. Aviation Correspondent Patti Waldmeir -- Financial Times -- North America Correspondent John Biers -- AFP -- Journalist Ted Reed -- Forbes -- Airlines Writer More AAL analysis This article is a transcript of this conference call produced for The Motley Fool. American Airlines Group (NASDAQ: AAL) Q1 2019 Earnings Call April 26, 2019 8:30 a.m. So we're really bullish on American Airlines and on AAL as evidenced in the quarter by us purchasing approximately $600 million of American Airlines equity.
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6423.0
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2019-04-26 00:00:00 UTC
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American Airlines Group Inc Q1 adjusted earnings Beat Estimates
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-inc-q1-adjusted-earnings-beat-estimates-2019-04-26
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(RTTNews) - American Airlines Group Inc (AAL) reported earnings for its first quarter that advanced from the same period last year.
The company's bottom line totaled $185 million, or $0.41 per share. This compares with $159 million, or $0.34 per share, in last year's first quarter.
Excluding items, American Airlines Group Inc reported adjusted earnings of $237 million or $0.52 per share for the period.
Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 1.7% to $10.58 billion from $10.40 billion last year.
American Airlines Group Inc earnings at a glance:
-Earnings (Q1): $237 Mln. vs. $353 Mln. last year. -EPS (Q1): $0.52 vs. $0.74 last year. -Analysts Estimate: $0.51 -Revenue (Q1): $10.58 Bln vs. $10.40 Bln last year.
-Guidance: Full year EPS guidance: $4.00 - $6.00
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) reported earnings for its first quarter that advanced from the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $237 million or $0.52 per share for the period. Analysts had expected the company to earn $0.51 per share, according to figures compiled by Thomson Reuters.
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(RTTNews) - American Airlines Group Inc (AAL) reported earnings for its first quarter that advanced from the same period last year. Excluding items, American Airlines Group Inc reported adjusted earnings of $237 million or $0.52 per share for the period. -Analysts Estimate: $0.51 -Revenue (Q1): $10.58 Bln vs. $10.40 Bln last year.
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(RTTNews) - American Airlines Group Inc (AAL) reported earnings for its first quarter that advanced from the same period last year. This compares with $159 million, or $0.34 per share, in last year's first quarter. Excluding items, American Airlines Group Inc reported adjusted earnings of $237 million or $0.52 per share for the period.
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(RTTNews) - American Airlines Group Inc (AAL) reported earnings for its first quarter that advanced from the same period last year. This compares with $159 million, or $0.34 per share, in last year's first quarter. Excluding items, American Airlines Group Inc reported adjusted earnings of $237 million or $0.52 per share for the period.
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6424.0
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2019-04-26 00:00:00 UTC
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American Airlines Group Q1 19 Earnings Conference Call At 8:30 AM ET
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AAL
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https://www.nasdaq.com/articles/american-airlines-group-q1-19-earnings-conference-call-8%3A30-am-et-2019-04-26
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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on April 26, 2019, to discuss Q1 19 earnings results.
To access the live webcast, log on to https://americanairlines.gcs-web.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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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on April 26, 2019, to discuss Q1 19 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.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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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on April 26, 2019, to discuss Q1 19 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.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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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on April 26, 2019, to discuss Q1 19 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.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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(RTTNews) - American Airlines Group Inc. (AAL) will host a conference call at 8:30 AM ET on April 26, 2019, to discuss Q1 19 earnings results. To access the live webcast, log on to https://americanairlines.gcs-web.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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6425.0
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2019-04-20 00:00:00 UTC
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The Boeing 737 MAX Is 1 Step Closer to Flying Again -- but Don't Expect to See It Soon
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AAL
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https://www.nasdaq.com/articles/boeing-737-max-1-step-closer-flying-again-dont-expect-see-it-soon-2019-04-20
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On April 11, Boeing (NYSE: BA) announced that it had created a software fix designed to prevent a repeat of the tragic crashes of two 737 MAX 8 planes over the past six months. CEO Dennis Muilenberg stated that the aerospace giant had already conducted 96 test flights using the updated software -- including one with him on board -- to ensure that the plane is now working as intended.
An FAA panel released the findings of its initial review of the new software last week, calling it "operationally suitable." Nevertheless, the Boeing 737 MAX still isn't close to getting back in the air. In fact, Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Continental (NASDAQ: UAL) all recently extended their proactive cancellations of 737 MAX flights well into the summer season.
Another hurdle cleared
Getting the FAA's preliminary approval for the 737 MAX software fix is a sign that Boeing has taken the necessary steps to make its best-selling model safe to fly. The FAA draft report also recommended additional computer training for pilots, but stopped short of calling for simulator training for pilots who already know how to fly the previous version of the 737.
Boeing has improved the software controlling its 737 MAX jets. Image source: Boeing.
That said, Boeing and the FAA are both under intense scrutiny due to the latter's initial certification of the 737 MAX despite the problems that later surfaced. The grounding of the 737 MAX will only be lifted after a thorough analysis of the initial problem and Boeing's solution by a multinational group of regulators. While other countries used to be content to follow the FAA's lead, consensus-building will be critical for the foreseeable future.
As a result, the global grounding of the 737 MAX is likely to continue for months. At the moment, it's impossible to pin down a firm date for its recertification.
Airlines remove the 737 MAX from summer schedules
This uncertainty has forced airlines to make tough decisions about their schedules for the fast-approaching summer travel season. The U.S. airlines that already have the 737 MAX in their fleets -- Southwest Airlines, American Airlines, and United Airlines -- don't want to cancel flights unnecessarily. But if flight cancellations are unavoidable, trimming flight schedules sooner rather than later is the best way to minimize the impact on customers.
As of early April, Southwest, American, and United had all removed the 737 MAX from their schedules through early June. That reflected a hope that the troubled plane would be cleared to fly again in time for the most profitable part of the year for airlines.
The 737 MAX grounding has forced airlines including Southwest to cancel flights. Image source: Southwest Airlines.
However, it now seems likely that the 737 MAX grounding will stretch on for several more months. As a result, airlines are facing up to the reality that scheduling the 737 MAX for the July peak travel season may not be realistic.
On April 11, Southwest Airlines announced that it had removed the 737 MAX from its flight schedule through Aug. 5. A few days later, American Airlines followed suit, taking the 737 MAX out of its schedule through Aug. 19. (American is "highly confident that the MAX will be recertified prior to this time," but is taking a conservative approach so that the airline and its customers can plan ahead.) And earlier this week, United Airlines -- which operates the fewest 737 MAX jets among these three carriers -- extended its 737 MAX cancellations into early July.
Southwest, American, and United can try to minimize the amount of lost capacity by increasing aircraft utilization this summer. Nevertheless, the 737 MAX grounding will lead to slower capacity growth over the next few months, particularly at Southwest Airlines.
Can rivals take advantage?
Earlier this month, Delta Air Lines -- the only one of the top four U.S. airlines that doesn't fly the Boeing 737 MAX -- said it expects to achieve solid 1.5% to 3.5% unit revenue growth this quarter. That may indicate that capacity constraints at its rivals are contributing to higher fares and passenger traffic.
Other airlines that are more focused on the domestic market (and particularly those that have more overlap with Southwest Airlines) could see even bigger unit revenue gains.
Many of those smaller carriers have earnings reports scheduled for the upcoming week. Their Q2 forecasts will give investors more insight into just how big a windfall the Boeing 737 MAX grounding is creating for airlines lucky enough not to have that model in their fleets. With Southwest Airlines and American Airlines planning to keep the 737 MAX on ice until at least August, this windfall for other airlines will continue well into the summer season.
10 stocks we like better than Boeing
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Boeing 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 March 1, 2019
Adam Levine-Weinberg owns shares of Delta Air Lines and Southwest Airlines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends Delta Air Lines 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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In fact, Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Continental (NASDAQ: UAL) all recently extended their proactive cancellations of 737 MAX flights well into the summer season. On April 11, Boeing (NYSE: BA) announced that it had created a software fix designed to prevent a repeat of the tragic crashes of two 737 MAX 8 planes over the past six months. CEO Dennis Muilenberg stated that the aerospace giant had already conducted 96 test flights using the updated software -- including one with him on board -- to ensure that the plane is now working as intended.
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In fact, Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Continental (NASDAQ: UAL) all recently extended their proactive cancellations of 737 MAX flights well into the summer season. And earlier this week, United Airlines -- which operates the fewest 737 MAX jets among these three carriers -- extended its 737 MAX cancellations into early July. The Motley Fool owns shares of and recommends Delta Air Lines and Southwest Airlines.
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In fact, Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Continental (NASDAQ: UAL) all recently extended their proactive cancellations of 737 MAX flights well into the summer season. The U.S. airlines that already have the 737 MAX in their fleets -- Southwest Airlines, American Airlines, and United Airlines -- don't want to cancel flights unnecessarily. With Southwest Airlines and American Airlines planning to keep the 737 MAX on ice until at least August, this windfall for other airlines will continue well into the summer season.
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In fact, Southwest Airlines (NYSE: LUV), American Airlines (NASDAQ: AAL), and United Continental (NASDAQ: UAL) all recently extended their proactive cancellations of 737 MAX flights well into the summer season. The U.S. airlines that already have the 737 MAX in their fleets -- Southwest Airlines, American Airlines, and United Airlines -- don't want to cancel flights unnecessarily. The 737 MAX grounding has forced airlines including Southwest to cancel flights.
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6426.0
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2019-04-18 00:00:00 UTC
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American Airlines (AAL) Stock Sinks As Market Gains: What You Should Know
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AAL
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https://www.nasdaq.com/articles/american-airlines-aal-stock-sinks-as-market-gains%3A-what-you-should-know-2019-04-18
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American Airlines (AAL) closed at $34.37 in the latest trading session, marking a -0.04% move from the prior day. This change lagged the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.42%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the world's largest airline had gained 11.05% over the past month, outpacing the Transportation sector's gain of 4.23% and the S&P 500's gain of 2.89% in that time.
Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be April 26, 2019. In tha t report , analysts expect AAL to post earnings of $0.52 per share. This would mark a year-over-year decline of 30.67%. Our most recent consensus estimate is calling for quarterly revenue of $10.66 billion, up 2.45% from the year-ago period.
AAL's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $46.58 billion. These results would represent year-over-year changes of +26.15% and +4.58%, respectively.
Any recent changes to analyst estimates for AAL should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 3.27% lower. AAL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that AAL has a Forward P/E ratio of 5.99 right now. Its industry sports an average Forward P/E of 10.16, so we one might conclude that AAL is trading at a discount comparatively.
Meanwhile, AAL's PEG ratio is currently 1.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AAL's industry had an average PEG ratio of 0.75 as of yesterday's close.
The Transportation - Airline industry is part of the Transportation sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 at $34.37 in the latest trading session, marking a -0.04% move from the prior day. Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be April 26, 2019. AAL's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $46.58 billion.
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AAL's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $46.58 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. American Airlines (AAL) closed at $34.37 in the latest trading session, marking a -0.04% move from the prior day.
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AAL's full-year Zacks Consensus Estimates are calling for earnings of $5.74 per share and revenue of $46.58 billion. American Airlines (AAL) closed at $34.37 in the latest trading session, marking a -0.04% move from the prior day. Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be April 26, 2019.
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American Airlines (AAL) closed at $34.37 in the latest trading session, marking a -0.04% move from the prior day. Investors will be hoping for strength from AAL as it approaches its nex t earnings release, which is expected to be April 26, 2019. In tha t report , analysts expect AAL to post earnings of $0.52 per share.
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6427.0
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2019-04-17 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-PepsiCo, Morgan Stanley, Sprint, Qualcomm, railroads, chipmakers
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-pepsico-morgan-stanley-sprint-qualcomm-railroads-chipmakers-2019-04-17
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The Day Ahead newsletter:
The Morning News Call newsletter:
Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports.
** HMS Holdings Corp : up 3.0 pct premarket
Cantor Fitzgerald upgrades to 'buy' on attractive risk/reward tradeoff
** TherapeuticsMD Inc : up 5.5 pct premarket
Rises on $300 mln financing deal to support product launches
** Moleculin Biotech Inc : up 16.1 pct premarket
Jumps on new data from cancer drug testing
** DPW Holdings Inc : up 40.5 pct premarket
Soars on bright outlook
** Bank of New York Mellon Corp : down 7.3 pct premarket
BNY Mellon profit misses estimates on lower fee revenue
Slides on first profit miss in 2 years
** International Business Machines Corp : down 3.6 pct premarket
Street View: IBM's story in progress, with all eyes on RHT
** Pinduoduo Inc : up 1.7 pct premarket
Keybanc calls Pinduoduo new online disruptor, starts with 'overweight'
** Pentair Plc : down 1.6 pct premarket
Pentair slips after biggest quarterly results miss in at least 2 years
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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports. ** HMS Holdings Corp : up 3.0 pct premarket Cantor Fitzgerald upgrades to 'buy' on attractive risk/reward tradeoff ** TherapeuticsMD Inc : up 5.5 pct premarket Rises on $300 mln financing deal to support product launches ** Moleculin Biotech Inc : up 16.1 pct premarket Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 40.5 pct premarket Soars on bright outlook ** Bank of New York Mellon Corp : down 7.3 pct premarket BNY Mellon profit misses estimates on lower fee revenue Slides on first profit miss in 2 years ** International Business Machines Corp : down 3.6 pct premarket Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 1.7 pct premarket Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 1.6 pct premarket Pentair slips after biggest quarterly results miss in at least 2 years 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports. ** HMS Holdings Corp : up 3.0 pct premarket Cantor Fitzgerald upgrades to 'buy' on attractive risk/reward tradeoff ** TherapeuticsMD Inc : up 5.5 pct premarket Rises on $300 mln financing deal to support product launches ** Moleculin Biotech Inc : up 16.1 pct premarket Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 40.5 pct premarket Soars on bright outlook ** Bank of New York Mellon Corp : down 7.3 pct premarket BNY Mellon profit misses estimates on lower fee revenue Slides on first profit miss in 2 years ** International Business Machines Corp : down 3.6 pct premarket Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 1.7 pct premarket Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 1.6 pct premarket Pentair slips after biggest quarterly results miss in at least 2 years 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports. ** HMS Holdings Corp : up 3.0 pct premarket Cantor Fitzgerald upgrades to 'buy' on attractive risk/reward tradeoff ** TherapeuticsMD Inc : up 5.5 pct premarket Rises on $300 mln financing deal to support product launches ** Moleculin Biotech Inc : up 16.1 pct premarket Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 40.5 pct premarket Soars on bright outlook ** Bank of New York Mellon Corp : down 7.3 pct premarket BNY Mellon profit misses estimates on lower fee revenue Slides on first profit miss in 2 years ** International Business Machines Corp : down 3.6 pct premarket Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 1.7 pct premarket Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 1.6 pct premarket Pentair slips after biggest quarterly results miss in at least 2 years 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set to open higher on Wednesday, as upbeat economic data from China and a jump in Qualcomm shares sparked gains in chipmakers, with sentiment also lifted by largely positive earnings reports. ** HMS Holdings Corp : up 3.0 pct premarket Cantor Fitzgerald upgrades to 'buy' on attractive risk/reward tradeoff ** TherapeuticsMD Inc : up 5.5 pct premarket Rises on $300 mln financing deal to support product launches ** Moleculin Biotech Inc : up 16.1 pct premarket Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 40.5 pct premarket Soars on bright outlook ** Bank of New York Mellon Corp : down 7.3 pct premarket BNY Mellon profit misses estimates on lower fee revenue Slides on first profit miss in 2 years ** International Business Machines Corp : down 3.6 pct premarket Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 1.7 pct premarket Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 1.6 pct premarket Pentair slips after biggest quarterly results miss in at least 2 years 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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6428.0
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2019-04-17 00:00:00 UTC
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U.S. restrictions on Qatar Airways could lead to unravelling of aviation agreements - airlines
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AAL
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https://www.nasdaq.com/articles/us-restrictions-qatar-airways-could-lead-unravelling-aviation-agreements-airlines-2019-04
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nan
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nan
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April 17 () - The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday.
Washington is scrutinising state-owned Qatar Airways' acquisition of 49 percent of Air Italy, which has been flying to U.S. destinations since June, a deal that U.S. lawmakers say may have violated a commitment by the Gulf airline not to add new flights to the domestic market.
But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue Airways Corp and cargo carriers FedEx Corp and Atlas Air Worldwide Holdings Inc said restricting the rights of Qatar Airways and Air Italy could lead to retaliation against U.S. carriers.
The letter was referring to possible retaliation from the European Union and said restrictions "would also have a crippling impact on U.S. passenger carriers seeking new service to the EU."
It was signed by the chief executive officers of the airlines.
"Undoubtedly, closing access to global markets will be a punishment that brings higher prices and fewer choices for American travellers, consumers, and shippers."
JetBlue is also considering European destinations beyond London for future flights.
A group representing the three largest U.S. airlines, American Airlines Group Inc , Delta Air Lines Inc , United Continental Holdings Inc holds the opposite view and has said it is concerned about Qatar Airways is violating its agreement with the United States.
Qatar Airways has said its stake in Air Italy was "fully compliant" with the 2018 U.S.-Qatar Understandings, an additional pact that accompanied the U.S-Qatar Open Skies agreement.
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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April 17 () - The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. Washington is scrutinising state-owned Qatar Airways' acquisition of 49 percent of Air Italy, which has been flying to U.S. destinations since June, a deal that U.S. lawmakers say may have violated a commitment by the Gulf airline not to add new flights to the domestic market. "Undoubtedly, closing access to global markets will be a punishment that brings higher prices and fewer choices for American travellers, consumers, and shippers."
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April 17 () - The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue Airways Corp and cargo carriers FedEx Corp and Atlas Air Worldwide Holdings Inc said restricting the rights of Qatar Airways and Air Italy could lead to retaliation against U.S. carriers. A group representing the three largest U.S. airlines, American Airlines Group Inc , Delta Air Lines Inc , United Continental Holdings Inc holds the opposite view and has said it is concerned about Qatar Airways is violating its agreement with the United States.
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April 17 () - The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue Airways Corp and cargo carriers FedEx Corp and Atlas Air Worldwide Holdings Inc said restricting the rights of Qatar Airways and Air Italy could lead to retaliation against U.S. carriers. A group representing the three largest U.S. airlines, American Airlines Group Inc , Delta Air Lines Inc , United Continental Holdings Inc holds the opposite view and has said it is concerned about Qatar Airways is violating its agreement with the United States.
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April 17 () - The U.S. government should not restrict Qatar Airways or Air Italy from flying to the United States because it may lead to the unravelling of other aviation agreements around the world, three U.S. airlines said in a letter to officials on Wednesday. Washington is scrutinising state-owned Qatar Airways' acquisition of 49 percent of Air Italy, which has been flying to U.S. destinations since June, a deal that U.S. lawmakers say may have violated a commitment by the Gulf airline not to add new flights to the domestic market. But in a letter to Secretary of State Mike Pompeo and Secretary of Transportation Elaine Chao, JetBlue Airways Corp and cargo carriers FedEx Corp and Atlas Air Worldwide Holdings Inc said restricting the rights of Qatar Airways and Air Italy could lead to retaliation against U.S. carriers.
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6429.0
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2019-04-17 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Qualcomm, PepsiCo, Sprint, BNY Mellon
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-qualcomm-pepsico-sprint-bny-mellon-2019-04-17
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
At 1323 ET, the Dow Jones Industrial Average was up 0.04 percent at 26,464.22. The S&P 500 was down 0.11 percent at 2,903.98 and the Nasdaq Composite was up 0.04 percent at 8,003.141.
The top three S&P 500 percentage gainers:
** Qualcomm Inc up 11.7 pct
** United Continental Holdings Inc up 4.5 pct
** CSX Corp up 4.4 pct
The top three S&P 500 percentage losers:
** Bank of New York Mellon Corp down 9.2 pct
** DaVita Inc down 7.3 pct
** Alexion Pharmaceuticals Inc down 6.9 pct
The top NYSE percentage gainers:
** Smart & Final Stores Inc up 20.3 pct
** Hexo Corp up 10.8 pct
The top NYSE percentage losers:
** GasLog Partners LP down 12.9 pct
** Tenet Healthcare Corp down 12.8 pct
The top three Nasdaq percentage gainers:
** Uxin Ltd up 50.3 pct
** Turning Point Therapeutics Inc up 43.1 pct
** Palomar Holdings Inc up 24.1 pct
The top three Nasdaq percentage losers:
** UP Fintech Holding Ltd down 26 pct
** eHealth Inc down 22.6 pct
** Immunic Inc down 16.3 pct
** PepsiCo Inc : up 3.5 pct
PepsiCo results beat as new CEO's ad push lifts sales
Shares tick higher on demand for snacks, low-sugar soda
Street View: Happy hours for PepsiCo investors after solid Q1 beat
** T-Mobile : down 2.1 pct
** Sprint Corp : down 5.8 pct
Sprint, T-Mobile drop on DOJ concerns about merger
** CSX Corp : up 4.4 pct
** Union Pacific Corp : up 1.0 pct
** Kansas City Southern : up 4.2 pct
Shares rise on Q1 profit beat
Railroad operators gain as CSX and Kansas City Southern top profit view
** Arconic Inc : down 3.6 pct
Slides on block trade
** Textron Inc : up 3.8 pct
Set to open at more than 1-month high after profit beat
** Future FinTech Group Inc : down 8.8 pct
Drops on delaying filing of FY18 results
** Smart & Final Stores Inc : up 20.3 pct
Set for best day in 5 months on Apollo deal
** United Continental Holdings Inc : up 4.5 pct
** Delta Air Lines Inc : up 1.1 pct
** American Airlines Group Inc : up 1.5 pct
United Airlines first-quarter profit rises, holds 2019 target
Airlines take off as United Airlines posts biggest profit beat in 2 years
** Qualcomm Inc : up 11.7 pct
Gains set to add over $25 bln in market cap since settlement with Apple
Street View: Qualcomm moves past litigations to focus on 5G dominance
** Aurora Cannabis Inc : up 1.9 pct
** Canopy Growth Corp : up 3.0 pct
Aurora Cannabis, Canopy Growth: BofA starts coverage with "buy"
** Morgan Stanley : up 2.4 pct
Morgan Stanley profit beats estimates on wealth management, lower costs
Gains after better-than-expected results
** Hollysys Automation Technologies Ltd : up 6.8 pct
Rises after pulling stock offering
** Domino's Pizza : up 3.9 pct
** Chipotle Mexican Grill : down 2.4 pct
Pizza over burritos: MS upgrades Domino's, sidelines Chipotle
Chipotle Mexican Grill: Morgan Stanley downgrades to 'equal-weight'
** Moleculin Biotech Inc : up 5.8 pct
Jumps on new data from cancer drug testing
** DPW Holdings Inc : up 5.0 pct
Soars on bright outlook
** Bank of New York Mellon Corp : down 9.2 pct
BNY Mellon profit misses estimates on lower fee revenue
Set for worst day in over 7 yrs on profit miss
** International Business Machines Corp : down 3.7 pct
Street View: IBM's story in progress, with all eyes on RHT
** Pinduoduo Inc : up 3.9 pct
Keybanc calls Pinduoduo new online disruptor, starts with 'overweight'
** Pentair Plc : down 4.3 pct
Pentair slips after biggest quarterly results miss in at least 2 years
** GasLog Partners LP : down 12.9 pct
Distribution growth running out of steam - MS
** Abbott Laboratories : down 4.3 pct
Falls on unchanged 2019 forecast
Abbott likely lost market share to Medtronic, Boston Scientific - analyst
** Hooker Furniture Corp : down 10.3 pct
Slides on Q1 sales warning
** Boston Scientific Corp : down 3.0 pct
Dips as co sees $25 mln hit to 2019 rev
** Quotient Technology Inc : up 1.7 pct
Rises on Craig-Hallum's 'buy' call
** PolyOne Corp : down 5.6 pct
Set for worst day in more than six months
** Marker Therapeutics Inc : down 3.5 pct
Falls after cancer therapy data presentation gets delayed
** Signature Bank : down 6.4 pct
Falls after quarterly report disappoints
** Uxin Inc : up 50.3 pct
Recovers from sell-off after denying brokerage allegations
** Skyworks Solutions Inc : down 2.5 pct
Falls as Macquarie steps to sidelines on Qualcomm-Apple detente
** Ionis Pharmaceuticals Inc : down 14.2 pct
Falls after partner Roche's comments on Huntington's drug
** Aphria Inc : down 4.9 pct
At 2-mnth low on debt offering plan
** Marvell Technology Group Ltd : up 4.2 pct
Rises to near 13-yr high on Citi PT hike
** CarMax : up 2.4 pct
Morgan Stanley presses accelerator on CarMax
** UnitedHealth Group Inc : down 2.7 pct
UnitedHealth: Turn for the worse on the charts
** Cars.com Inc : up 4.9 pct
Rises after update on co's strategic review
** Expedia Group Inc : down 1.1 pct
Slips on United's move to remove air fares listing
** Ideal Power Inc : up 83.2 pct
Surges on power conversion unit sale
** Mack-Cali Realty Corp : up 2.9 pct
Stifel confident of Bow Street, raises to buy
The 11 major S&P 500 sectors:
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 Day Ahead newsletter: The Morning News Call newsletter: At 1323 ET, the Dow Jones Industrial Average was up 0.04 percent at 26,464.22. The S&P 500 was down 0.11 percent at 2,903.98 and the Nasdaq Composite was up 0.04 percent at 8,003.141. The top three S&P 500 percentage gainers: ** Qualcomm Inc up 11.7 pct ** United Continental Holdings Inc up 4.5 pct ** CSX Corp up 4.4 pct The top three S&P 500 percentage losers: ** Bank of New York Mellon Corp down 9.2 pct ** DaVita Inc down 7.3 pct ** Alexion Pharmaceuticals Inc down 6.9 pct The top NYSE percentage gainers: ** Smart & Final Stores Inc up 20.3 pct ** Hexo Corp up 10.8 pct The top NYSE percentage losers: ** GasLog Partners LP down 12.9 pct ** Tenet Healthcare Corp down 12.8 pct The top three Nasdaq percentage gainers: ** Uxin Ltd up 50.3 pct ** Turning Point Therapeutics Inc up 43.1 pct ** Palomar Holdings Inc up 24.1 pct The top three Nasdaq percentage losers: ** UP Fintech Holding Ltd down 26 pct ** eHealth Inc down 22.6 pct ** Immunic Inc down 16.3 pct ** PepsiCo Inc : up 3.5 pct PepsiCo results beat as new CEO's ad push lifts sales Shares tick higher on demand for snacks, low-sugar soda Street View: Happy hours for PepsiCo investors after solid Q1 beat ** T-Mobile : down 2.1 pct ** Sprint Corp : down 5.8 pct Sprint, T-Mobile drop on DOJ concerns about merger ** CSX Corp : up 4.4 pct ** Union Pacific Corp : up 1.0 pct ** Kansas City Southern : up 4.2 pct Shares rise on Q1 profit beat Railroad operators gain as CSX and Kansas City Southern top profit view ** Arconic Inc : down 3.6 pct Slides on block trade ** Textron Inc : up 3.8 pct Set to open at more than 1-month high after profit beat ** Future FinTech Group Inc : down 8.8 pct Drops on delaying filing of FY18 results ** Smart & Final Stores Inc : up 20.3 pct Set for best day in 5 months on Apollo deal ** United Continental Holdings Inc : up 4.5 pct ** Delta Air Lines Inc : up 1.1 pct ** American Airlines Group Inc : up 1.5 pct United Airlines first-quarter profit rises, holds 2019 target Airlines take off as United Airlines posts biggest profit beat in 2 years ** Qualcomm Inc : up 11.7 pct Gains set to add over $25 bln in market cap since settlement with Apple Street View: Qualcomm moves past litigations to focus on 5G dominance ** Aurora Cannabis Inc : up 1.9 pct ** Canopy Growth Corp : up 3.0 pct Aurora Cannabis, Canopy Growth: BofA starts coverage with "buy" ** Morgan Stanley : up 2.4 pct Morgan Stanley profit beats estimates on wealth management, lower costs Gains after better-than-expected results ** Hollysys Automation Technologies Ltd : up 6.8 pct Rises after pulling stock offering ** Domino's Pizza : up 3.9 pct ** Chipotle Mexican Grill : down 2.4 pct Pizza over burritos: MS upgrades Domino's, sidelines Chipotle Chipotle Mexican Grill: Morgan Stanley downgrades to 'equal-weight' ** Moleculin Biotech Inc : up 5.8 pct Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 5.0 pct Soars on bright outlook ** Bank of New York Mellon Corp : down 9.2 pct BNY Mellon profit misses estimates on lower fee revenue Set for worst day in over 7 yrs on profit miss ** International Business Machines Corp : down 3.7 pct Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 3.9 pct Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 4.3 pct Pentair slips after biggest quarterly results miss in at least 2 years ** GasLog Partners LP : down 12.9 pct Distribution growth running out of steam - MS ** Abbott Laboratories : down 4.3 pct Falls on unchanged 2019 forecast Abbott likely lost market share to Medtronic, Boston Scientific - analyst ** Hooker Furniture Corp : down 10.3 pct Slides on Q1 sales warning ** Boston Scientific Corp : down 3.0 pct Dips as co sees $25 mln hit to 2019 rev ** Quotient Technology Inc : up 1.7 pct Rises on Craig-Hallum's 'buy' call ** PolyOne Corp : down 5.6 pct Set for worst day in more than six months ** Marker Therapeutics Inc : down 3.5 pct Falls after cancer therapy data presentation gets delayed ** Signature Bank : down 6.4 pct Falls after quarterly report disappoints ** Uxin Inc : up 50.3 pct Recovers from sell-off after denying brokerage allegations ** Skyworks Solutions Inc : down 2.5 pct Falls as Macquarie steps to sidelines on Qualcomm-Apple detente ** Ionis Pharmaceuticals Inc : down 14.2 pct Falls after partner Roche's comments on Huntington's drug ** Aphria Inc : down 4.9 pct At 2-mnth low on debt offering plan ** Marvell Technology Group Ltd : up 4.2 pct Rises to near 13-yr high on Citi PT hike ** CarMax : up 2.4 pct Morgan Stanley presses accelerator on CarMax ** UnitedHealth Group Inc : down 2.7 pct UnitedHealth: Turn for the worse on the charts ** Cars.com Inc : up 4.9 pct Rises after update on co's strategic review ** Expedia Group Inc : down 1.1 pct Slips on United's move to remove air fares listing ** Ideal Power Inc : up 83.2 pct Surges on power conversion unit sale ** Mack-Cali Realty Corp : up 2.9 pct Stifel confident of Bow Street, raises to buy The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: At 1323 ET, the Dow Jones Industrial Average was up 0.04 percent at 26,464.22. The S&P 500 was down 0.11 percent at 2,903.98 and the Nasdaq Composite was up 0.04 percent at 8,003.141. The top three S&P 500 percentage gainers: ** Qualcomm Inc up 11.7 pct ** United Continental Holdings Inc up 4.5 pct ** CSX Corp up 4.4 pct The top three S&P 500 percentage losers: ** Bank of New York Mellon Corp down 9.2 pct ** DaVita Inc down 7.3 pct ** Alexion Pharmaceuticals Inc down 6.9 pct The top NYSE percentage gainers: ** Smart & Final Stores Inc up 20.3 pct ** Hexo Corp up 10.8 pct The top NYSE percentage losers: ** GasLog Partners LP down 12.9 pct ** Tenet Healthcare Corp down 12.8 pct The top three Nasdaq percentage gainers: ** Uxin Ltd up 50.3 pct ** Turning Point Therapeutics Inc up 43.1 pct ** Palomar Holdings Inc up 24.1 pct The top three Nasdaq percentage losers: ** UP Fintech Holding Ltd down 26 pct ** eHealth Inc down 22.6 pct ** Immunic Inc down 16.3 pct ** PepsiCo Inc : up 3.5 pct PepsiCo results beat as new CEO's ad push lifts sales Shares tick higher on demand for snacks, low-sugar soda Street View: Happy hours for PepsiCo investors after solid Q1 beat ** T-Mobile : down 2.1 pct ** Sprint Corp : down 5.8 pct Sprint, T-Mobile drop on DOJ concerns about merger ** CSX Corp : up 4.4 pct ** Union Pacific Corp : up 1.0 pct ** Kansas City Southern : up 4.2 pct Shares rise on Q1 profit beat Railroad operators gain as CSX and Kansas City Southern top profit view ** Arconic Inc : down 3.6 pct Slides on block trade ** Textron Inc : up 3.8 pct Set to open at more than 1-month high after profit beat ** Future FinTech Group Inc : down 8.8 pct Drops on delaying filing of FY18 results ** Smart & Final Stores Inc : up 20.3 pct Set for best day in 5 months on Apollo deal ** United Continental Holdings Inc : up 4.5 pct ** Delta Air Lines Inc : up 1.1 pct ** American Airlines Group Inc : up 1.5 pct United Airlines first-quarter profit rises, holds 2019 target Airlines take off as United Airlines posts biggest profit beat in 2 years ** Qualcomm Inc : up 11.7 pct Gains set to add over $25 bln in market cap since settlement with Apple Street View: Qualcomm moves past litigations to focus on 5G dominance ** Aurora Cannabis Inc : up 1.9 pct ** Canopy Growth Corp : up 3.0 pct Aurora Cannabis, Canopy Growth: BofA starts coverage with "buy" ** Morgan Stanley : up 2.4 pct Morgan Stanley profit beats estimates on wealth management, lower costs Gains after better-than-expected results ** Hollysys Automation Technologies Ltd : up 6.8 pct Rises after pulling stock offering ** Domino's Pizza : up 3.9 pct ** Chipotle Mexican Grill : down 2.4 pct Pizza over burritos: MS upgrades Domino's, sidelines Chipotle Chipotle Mexican Grill: Morgan Stanley downgrades to 'equal-weight' ** Moleculin Biotech Inc : up 5.8 pct Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 5.0 pct Soars on bright outlook ** Bank of New York Mellon Corp : down 9.2 pct BNY Mellon profit misses estimates on lower fee revenue Set for worst day in over 7 yrs on profit miss ** International Business Machines Corp : down 3.7 pct Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 3.9 pct Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 4.3 pct Pentair slips after biggest quarterly results miss in at least 2 years ** GasLog Partners LP : down 12.9 pct Distribution growth running out of steam - MS ** Abbott Laboratories : down 4.3 pct Falls on unchanged 2019 forecast Abbott likely lost market share to Medtronic, Boston Scientific - analyst ** Hooker Furniture Corp : down 10.3 pct Slides on Q1 sales warning ** Boston Scientific Corp : down 3.0 pct Dips as co sees $25 mln hit to 2019 rev ** Quotient Technology Inc : up 1.7 pct Rises on Craig-Hallum's 'buy' call ** PolyOne Corp : down 5.6 pct Set for worst day in more than six months ** Marker Therapeutics Inc : down 3.5 pct Falls after cancer therapy data presentation gets delayed ** Signature Bank : down 6.4 pct Falls after quarterly report disappoints ** Uxin Inc : up 50.3 pct Recovers from sell-off after denying brokerage allegations ** Skyworks Solutions Inc : down 2.5 pct Falls as Macquarie steps to sidelines on Qualcomm-Apple detente ** Ionis Pharmaceuticals Inc : down 14.2 pct Falls after partner Roche's comments on Huntington's drug ** Aphria Inc : down 4.9 pct At 2-mnth low on debt offering plan ** Marvell Technology Group Ltd : up 4.2 pct Rises to near 13-yr high on Citi PT hike ** CarMax : up 2.4 pct Morgan Stanley presses accelerator on CarMax ** UnitedHealth Group Inc : down 2.7 pct UnitedHealth: Turn for the worse on the charts ** Cars.com Inc : up 4.9 pct Rises after update on co's strategic review ** Expedia Group Inc : down 1.1 pct Slips on United's move to remove air fares listing ** Ideal Power Inc : up 83.2 pct Surges on power conversion unit sale ** Mack-Cali Realty Corp : up 2.9 pct Stifel confident of Bow Street, raises to buy The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: At 1323 ET, the Dow Jones Industrial Average was up 0.04 percent at 26,464.22. The S&P 500 was down 0.11 percent at 2,903.98 and the Nasdaq Composite was up 0.04 percent at 8,003.141. The top three S&P 500 percentage gainers: ** Qualcomm Inc up 11.7 pct ** United Continental Holdings Inc up 4.5 pct ** CSX Corp up 4.4 pct The top three S&P 500 percentage losers: ** Bank of New York Mellon Corp down 9.2 pct ** DaVita Inc down 7.3 pct ** Alexion Pharmaceuticals Inc down 6.9 pct The top NYSE percentage gainers: ** Smart & Final Stores Inc up 20.3 pct ** Hexo Corp up 10.8 pct The top NYSE percentage losers: ** GasLog Partners LP down 12.9 pct ** Tenet Healthcare Corp down 12.8 pct The top three Nasdaq percentage gainers: ** Uxin Ltd up 50.3 pct ** Turning Point Therapeutics Inc up 43.1 pct ** Palomar Holdings Inc up 24.1 pct The top three Nasdaq percentage losers: ** UP Fintech Holding Ltd down 26 pct ** eHealth Inc down 22.6 pct ** Immunic Inc down 16.3 pct ** PepsiCo Inc : up 3.5 pct PepsiCo results beat as new CEO's ad push lifts sales Shares tick higher on demand for snacks, low-sugar soda Street View: Happy hours for PepsiCo investors after solid Q1 beat ** T-Mobile : down 2.1 pct ** Sprint Corp : down 5.8 pct Sprint, T-Mobile drop on DOJ concerns about merger ** CSX Corp : up 4.4 pct ** Union Pacific Corp : up 1.0 pct ** Kansas City Southern : up 4.2 pct Shares rise on Q1 profit beat Railroad operators gain as CSX and Kansas City Southern top profit view ** Arconic Inc : down 3.6 pct Slides on block trade ** Textron Inc : up 3.8 pct Set to open at more than 1-month high after profit beat ** Future FinTech Group Inc : down 8.8 pct Drops on delaying filing of FY18 results ** Smart & Final Stores Inc : up 20.3 pct Set for best day in 5 months on Apollo deal ** United Continental Holdings Inc : up 4.5 pct ** Delta Air Lines Inc : up 1.1 pct ** American Airlines Group Inc : up 1.5 pct United Airlines first-quarter profit rises, holds 2019 target Airlines take off as United Airlines posts biggest profit beat in 2 years ** Qualcomm Inc : up 11.7 pct Gains set to add over $25 bln in market cap since settlement with Apple Street View: Qualcomm moves past litigations to focus on 5G dominance ** Aurora Cannabis Inc : up 1.9 pct ** Canopy Growth Corp : up 3.0 pct Aurora Cannabis, Canopy Growth: BofA starts coverage with "buy" ** Morgan Stanley : up 2.4 pct Morgan Stanley profit beats estimates on wealth management, lower costs Gains after better-than-expected results ** Hollysys Automation Technologies Ltd : up 6.8 pct Rises after pulling stock offering ** Domino's Pizza : up 3.9 pct ** Chipotle Mexican Grill : down 2.4 pct Pizza over burritos: MS upgrades Domino's, sidelines Chipotle Chipotle Mexican Grill: Morgan Stanley downgrades to 'equal-weight' ** Moleculin Biotech Inc : up 5.8 pct Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 5.0 pct Soars on bright outlook ** Bank of New York Mellon Corp : down 9.2 pct BNY Mellon profit misses estimates on lower fee revenue Set for worst day in over 7 yrs on profit miss ** International Business Machines Corp : down 3.7 pct Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 3.9 pct Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 4.3 pct Pentair slips after biggest quarterly results miss in at least 2 years ** GasLog Partners LP : down 12.9 pct Distribution growth running out of steam - MS ** Abbott Laboratories : down 4.3 pct Falls on unchanged 2019 forecast Abbott likely lost market share to Medtronic, Boston Scientific - analyst ** Hooker Furniture Corp : down 10.3 pct Slides on Q1 sales warning ** Boston Scientific Corp : down 3.0 pct Dips as co sees $25 mln hit to 2019 rev ** Quotient Technology Inc : up 1.7 pct Rises on Craig-Hallum's 'buy' call ** PolyOne Corp : down 5.6 pct Set for worst day in more than six months ** Marker Therapeutics Inc : down 3.5 pct Falls after cancer therapy data presentation gets delayed ** Signature Bank : down 6.4 pct Falls after quarterly report disappoints ** Uxin Inc : up 50.3 pct Recovers from sell-off after denying brokerage allegations ** Skyworks Solutions Inc : down 2.5 pct Falls as Macquarie steps to sidelines on Qualcomm-Apple detente ** Ionis Pharmaceuticals Inc : down 14.2 pct Falls after partner Roche's comments on Huntington's drug ** Aphria Inc : down 4.9 pct At 2-mnth low on debt offering plan ** Marvell Technology Group Ltd : up 4.2 pct Rises to near 13-yr high on Citi PT hike ** CarMax : up 2.4 pct Morgan Stanley presses accelerator on CarMax ** UnitedHealth Group Inc : down 2.7 pct UnitedHealth: Turn for the worse on the charts ** Cars.com Inc : up 4.9 pct Rises after update on co's strategic review ** Expedia Group Inc : down 1.1 pct Slips on United's move to remove air fares listing ** Ideal Power Inc : up 83.2 pct Surges on power conversion unit sale ** Mack-Cali Realty Corp : up 2.9 pct Stifel confident of Bow Street, raises to buy The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: At 1323 ET, the Dow Jones Industrial Average was up 0.04 percent at 26,464.22. The S&P 500 was down 0.11 percent at 2,903.98 and the Nasdaq Composite was up 0.04 percent at 8,003.141. The top three S&P 500 percentage gainers: ** Qualcomm Inc up 11.7 pct ** United Continental Holdings Inc up 4.5 pct ** CSX Corp up 4.4 pct The top three S&P 500 percentage losers: ** Bank of New York Mellon Corp down 9.2 pct ** DaVita Inc down 7.3 pct ** Alexion Pharmaceuticals Inc down 6.9 pct The top NYSE percentage gainers: ** Smart & Final Stores Inc up 20.3 pct ** Hexo Corp up 10.8 pct The top NYSE percentage losers: ** GasLog Partners LP down 12.9 pct ** Tenet Healthcare Corp down 12.8 pct The top three Nasdaq percentage gainers: ** Uxin Ltd up 50.3 pct ** Turning Point Therapeutics Inc up 43.1 pct ** Palomar Holdings Inc up 24.1 pct The top three Nasdaq percentage losers: ** UP Fintech Holding Ltd down 26 pct ** eHealth Inc down 22.6 pct ** Immunic Inc down 16.3 pct ** PepsiCo Inc : up 3.5 pct PepsiCo results beat as new CEO's ad push lifts sales Shares tick higher on demand for snacks, low-sugar soda Street View: Happy hours for PepsiCo investors after solid Q1 beat ** T-Mobile : down 2.1 pct ** Sprint Corp : down 5.8 pct Sprint, T-Mobile drop on DOJ concerns about merger ** CSX Corp : up 4.4 pct ** Union Pacific Corp : up 1.0 pct ** Kansas City Southern : up 4.2 pct Shares rise on Q1 profit beat Railroad operators gain as CSX and Kansas City Southern top profit view ** Arconic Inc : down 3.6 pct Slides on block trade ** Textron Inc : up 3.8 pct Set to open at more than 1-month high after profit beat ** Future FinTech Group Inc : down 8.8 pct Drops on delaying filing of FY18 results ** Smart & Final Stores Inc : up 20.3 pct Set for best day in 5 months on Apollo deal ** United Continental Holdings Inc : up 4.5 pct ** Delta Air Lines Inc : up 1.1 pct ** American Airlines Group Inc : up 1.5 pct United Airlines first-quarter profit rises, holds 2019 target Airlines take off as United Airlines posts biggest profit beat in 2 years ** Qualcomm Inc : up 11.7 pct Gains set to add over $25 bln in market cap since settlement with Apple Street View: Qualcomm moves past litigations to focus on 5G dominance ** Aurora Cannabis Inc : up 1.9 pct ** Canopy Growth Corp : up 3.0 pct Aurora Cannabis, Canopy Growth: BofA starts coverage with "buy" ** Morgan Stanley : up 2.4 pct Morgan Stanley profit beats estimates on wealth management, lower costs Gains after better-than-expected results ** Hollysys Automation Technologies Ltd : up 6.8 pct Rises after pulling stock offering ** Domino's Pizza : up 3.9 pct ** Chipotle Mexican Grill : down 2.4 pct Pizza over burritos: MS upgrades Domino's, sidelines Chipotle Chipotle Mexican Grill: Morgan Stanley downgrades to 'equal-weight' ** Moleculin Biotech Inc : up 5.8 pct Jumps on new data from cancer drug testing ** DPW Holdings Inc : up 5.0 pct Soars on bright outlook ** Bank of New York Mellon Corp : down 9.2 pct BNY Mellon profit misses estimates on lower fee revenue Set for worst day in over 7 yrs on profit miss ** International Business Machines Corp : down 3.7 pct Street View: IBM's story in progress, with all eyes on RHT ** Pinduoduo Inc : up 3.9 pct Keybanc calls Pinduoduo new online disruptor, starts with 'overweight' ** Pentair Plc : down 4.3 pct Pentair slips after biggest quarterly results miss in at least 2 years ** GasLog Partners LP : down 12.9 pct Distribution growth running out of steam - MS ** Abbott Laboratories : down 4.3 pct Falls on unchanged 2019 forecast Abbott likely lost market share to Medtronic, Boston Scientific - analyst ** Hooker Furniture Corp : down 10.3 pct Slides on Q1 sales warning ** Boston Scientific Corp : down 3.0 pct Dips as co sees $25 mln hit to 2019 rev ** Quotient Technology Inc : up 1.7 pct Rises on Craig-Hallum's 'buy' call ** PolyOne Corp : down 5.6 pct Set for worst day in more than six months ** Marker Therapeutics Inc : down 3.5 pct Falls after cancer therapy data presentation gets delayed ** Signature Bank : down 6.4 pct Falls after quarterly report disappoints ** Uxin Inc : up 50.3 pct Recovers from sell-off after denying brokerage allegations ** Skyworks Solutions Inc : down 2.5 pct Falls as Macquarie steps to sidelines on Qualcomm-Apple detente ** Ionis Pharmaceuticals Inc : down 14.2 pct Falls after partner Roche's comments on Huntington's drug ** Aphria Inc : down 4.9 pct At 2-mnth low on debt offering plan ** Marvell Technology Group Ltd : up 4.2 pct Rises to near 13-yr high on Citi PT hike ** CarMax : up 2.4 pct Morgan Stanley presses accelerator on CarMax ** UnitedHealth Group Inc : down 2.7 pct UnitedHealth: Turn for the worse on the charts ** Cars.com Inc : up 4.9 pct Rises after update on co's strategic review ** Expedia Group Inc : down 1.1 pct Slips on United's move to remove air fares listing ** Ideal Power Inc : up 83.2 pct Surges on power conversion unit sale ** Mack-Cali Realty Corp : up 2.9 pct Stifel confident of Bow Street, raises to buy The 11 major S&P 500 sectors: 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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6430.0
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2019-04-17 00:00:00 UTC
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United sees Boeing's 737 MAX flying this summer, deliveries before year-end
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AAL
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https://www.nasdaq.com/articles/united-sees-boeings-737-max-flying-summer-deliveries-year-end-2019-04-17
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nan
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By Tracy Rucinski
CHICAGO, April 17 () - United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension.
The 737 MAX was grounded worldwide in March following two fatal crashes, forcing Boeing to freeze deliveries. Boeing is under pressure to upgrade the software and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days.
United has another 16 MAX orders scheduled for delivery this year.
"The aircraft scheduled for delivery this year, we would expect to take this year," Chief Financial Officer Gerald Laderman said on a first-quarter conference call.
United posted a better-than-expected jump in first-quarter profit late on Tuesday after selling more tickets and cutting costs, and stood by its 2019 profit target despite the 737 MAX grounding. Its shares were up 4.0 percent at $88.62 on Wednesday afternoon.
Unlike other U.S. airlines that own the MAX, No. 3 United has largely avoided flight cancellations after the grounding, deferring nonessential maintenance on larger aircraft to put them on MAX routes.
But executives said on Wednesday that the strategy, manageable for a month or two, gets tougher as time goes on.
United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan.
Laderman said the carrier's costs per seat mile could grow this year if the MAX aircraft remain out of service or flights to Delhi remain suspended longer than its current assumption.
Looking forward, he said United would discuss with Boeing compensation over costs incurred due to the MAX grounding, noting the temporary grounding of Boeing's 787 soon after it entered service in 2013 as a "historical reference."
Of the U.S. MAX owners, United was the first to report first-quarter results. Southwest Airlines Co , the largest global MAX operator with 34 jets, reports on April 25, followed by American Airlines Group Inc on April 26.
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 Tracy Rucinski CHICAGO, April 17 () - United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension. 3 United has largely avoided flight cancellations after the grounding, deferring nonessential maintenance on larger aircraft to put them on MAX routes. United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan.
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By Tracy Rucinski CHICAGO, April 17 () - United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension. United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan. Laderman said the carrier's costs per seat mile could grow this year if the MAX aircraft remain out of service or flights to Delhi remain suspended longer than its current assumption.
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By Tracy Rucinski CHICAGO, April 17 () - United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension. United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan. Looking forward, he said United would discuss with Boeing compensation over costs incurred due to the MAX grounding, noting the temporary grounding of Boeing's 787 soon after it entered service in 2013 as a "historical reference."
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By Tracy Rucinski CHICAGO, April 17 () - United Airlines expects Boeing Co's grounded 737 MAX jets to return to service this summer, with deliveries resuming before the end of the year, an executive said on Wednesday, reassuring investors concerned about a prolonged suspension. United has been expanding its available seat capacity at a faster pace than rivals but said on Tuesday it was trimming that 2019 target to reflect the grounded MAX as well as suspended flights to Delhi due to closed air space over Pakistan. Southwest Airlines Co , the largest global MAX operator with 34 jets, reports on April 25, followed by American Airlines Group Inc on April 26.
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6431.0
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2019-04-16 00:00:00 UTC
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United Airlines beats first-quarter profit estimate, holds 2019 target
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AAL
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https://www.nasdaq.com/articles/united-airlines-beats-first-quarter-profit-estimate-holds-2019-target-2019-04-16
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By Tracy Rucinski
April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.
Chicago-based United has removed its 14 MAX aircraft, which were suspended worldwide in March following two fatal crashes, from its flying schedule through early July, eating into U.S. airlines' peak summer travel season.
Adjusted earnings per share rose to $1.15 in the first quarter, ending March 31, from 49 cents a year earlier, overcoming a U.S. government shutdown and severe winter weather earlier this year that curtailed flights.
Wall Street analysts on average had forecast 95 cents per share, according to IBES data from Refinitiv.
Its shares rose 2.8 percent in after-hours trading.
United has largely avoided canceling MAX flights by servicing those routes with larger aircraft, but President Scott Kirby warned last week that the strategy could not last indefinitely.
The airline, which has been adding seats at a faster pace than rivals, trimmed its 2019 capacity growth target to between 4 percent and 5 percent from 4 percent to 6 percent previously, but did not say whether the decision reflected the effect of the grounded MAX.
Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent.
In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher.
The No. 3 U.S. carrier is the first of three U.S. 737 MAX operators to report first-quarter results. Southwest Airlines Co and American Airlines Group Inc , which have removed their MAX jets from schedules into August, report on April 25 and April 26 respectively.
A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be "operationally suitable," suggesting the lengthy regulatory process to get the planes back in the air was underway.
Rival Delta Air Lines Inc , which does not operate the 737 MAX, lifted its 2019 revenue forecast last week after reporting better-than-expected quarterly profit.
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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Chicago-based United has removed its 14 MAX aircraft, which were suspended worldwide in March following two fatal crashes, from its flying schedule through early July, eating into U.S. airlines' peak summer travel season. United has largely avoided canceling MAX flights by servicing those routes with larger aircraft, but President Scott Kirby warned last week that the strategy could not last indefinitely. A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be "operationally suitable," suggesting the lengthy regulatory process to get the planes back in the air was underway.
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By Tracy Rucinski April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded. In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher. Rival Delta Air Lines Inc , which does not operate the 737 MAX, lifted its 2019 revenue forecast last week after reporting better-than-expected quarterly profit.
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The airline, which has been adding seats at a faster pace than rivals, trimmed its 2019 capacity growth target to between 4 percent and 5 percent from 4 percent to 6 percent previously, but did not say whether the decision reflected the effect of the grounded MAX. Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent. In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher.
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By Tracy Rucinski April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded. Its shares rose 2.8 percent in after-hours trading. Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent.
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6432.0
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2019-04-16 00:00:00 UTC
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United Airlines first-quarter profit rises, holds 2019 target
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AAL
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https://www.nasdaq.com/articles/united-airlines-first-quarter-profit-rises-holds-2019-target-2019-04-16
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nan
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By Tracy Rucinski
April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded.
Chicago-based United has removed its 14 MAX aircraft, which were suspended worldwide in March following two fatal crashes, from its flying schedule through early July, eating into U.S. airlines' peak summer travel season.
Adjusted earnings per share rose to $1.15 in the first quarter, ending March 31, from 49 cents a year earlier, overcoming a U.S. government shutdown and severe winter weather earlier this year that curtailed flights.
Wall Street analysts on average had forecast 95 cents per share, according to IBES data from Refinitiv.
Its shares rose 2.8 percent in after-hours trading.
United has largely avoided canceling MAX flights by servicing those routes with larger aircraft, but President Scott Kirby warned last week that the strategy could not last indefinitely.
The airline, which has been adding seats at a faster pace than rivals, trimmed its 2019 capacity growth target to between 4 percent and 5 percent from 4 percent to 6 percent previously, but did not say whether the decision reflected the effect of the grounded MAX.
Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent.
In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher.
The No. 3 U.S. carrier is the first of three U.S. 737 MAX operators to report first-quarter results. Southwest Airlines Co and American Airlines Group Inc , which have removed their MAX jets from schedules into August, report on April 25 and April 26 respectively.
A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be "operationally suitable," suggesting the lengthy regulatory process to get the planes back in the air was underway.
Rival Delta Air Lines Inc , which does not operate the 737 MAX, lifted its 2019 revenue forecast last week after reporting better-than-expected quarterly profit.
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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Chicago-based United has removed its 14 MAX aircraft, which were suspended worldwide in March following two fatal crashes, from its flying schedule through early July, eating into U.S. airlines' peak summer travel season. United has largely avoided canceling MAX flights by servicing those routes with larger aircraft, but President Scott Kirby warned last week that the strategy could not last indefinitely. A Federal Aviation Administration review board said on Tuesday that it found a Boeing software update for the MAX to be "operationally suitable," suggesting the lengthy regulatory process to get the planes back in the air was underway.
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By Tracy Rucinski April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded. In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher. Rival Delta Air Lines Inc , which does not operate the 737 MAX, lifted its 2019 revenue forecast last week after reporting better-than-expected quarterly profit.
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The airline, which has been adding seats at a faster pace than rivals, trimmed its 2019 capacity growth target to between 4 percent and 5 percent from 4 percent to 6 percent previously, but did not say whether the decision reflected the effect of the grounded MAX. Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent. In the second quarter, United said it expects unit revenue to rise between 0.5 percent and 2.5 percent while unit costs, which fell 1.8 percent in the first quarter, were expected to be flat to 1 percent higher.
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By Tracy Rucinski April 16 () - United Airlines on Tuesday reported a better-than-expected jump in first-quarter profit as it sold more tickets and cut costs, standing by its 2019 profit target even as its Boeing Co 737 MAX jets remain grounded. Its shares rose 2.8 percent in after-hours trading. Total operating revenue rose 7.1 percent to $8.73 billion in the quarter, while closely watched revenue per available seat mile rose 1.1 percent.
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6433.0
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2019-04-15 00:00:00 UTC
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Trump urges 'rebrand' of 737 MAX, Boeing has other ideas
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https://www.nasdaq.com/articles/trump-urges-rebrand-737-max-boeing-has-other-ideas-2019-04-15
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By Susan Heavey and Tracy Rucinski
WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust.
Airline officials said they have held lengthy meetings with Boeing over the past weeks about how to regain the public's support once the grounded planes are returned to service.
Asked about Trump's advice, delivered in a Twitter post, a Boeing spokesman said rebuilding public trust was their focus, with pilots playing a pivotal role.
"Pilots' confidence in the aircraft will lead passengers and crew to have greater confidence in the aircraft," Gordon Johndroe, vice president for communications, told .
For now Boeing is concentrating on submitting a software update and finalizing pilot training for regulatory approval. Regulators worldwide are preparing to review Boeing's proposals.
Trump, who owned the Trump Shuttle airline from 1989 to 1992 and is an aviation enthusiast, weighed in with his thoughts early on Monday.
"What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. No product has suffered like this one. But again, what the hell do I know?" he tweeted.
The 737 MAX is Chicago-based Boeing's fastest-selling jet and its main source of profits and cash, having won some 5,000 orders or around seven years of production for the aircraft.
Chief Executive Dennis Muilenburg has apologized on behalf of the planemaker for the 346 lives lost in accidents in October and March, and promised to eliminate the risk that flight software meant to prevent the plane stalling could be activated by wrong data.
"Passengers will be thinking about the pilot that's flying the plane. We are the real final call," said Dennis Tajer, spokesman for the U.S. Allied Pilots Association.
BRANDING STRATEGY
Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official.
How Boeing recovers from this blow to the fuel-efficient, single-aisle MAX will be key to its duopoly with European planemaker Airbus SE , since Boeing is years away from being able to deliver a new narrowbody model, experts said.
The plane's grounding has also threatened the U.S. summer travel season, with some airlines removing the 737 from their schedules through August.
Brand Finance, a UK-based consultancy that tracks the value of global brands, said on Monday it sees a $12 billion dent to the value of the Boeing brand, which it had called the most valuable in the aerospace industry worth $32 billion in 2018.
Brand Finance Chief Executive David Haigh rejected the idea that Boeing should rebrand, noting that Toyota and others recovered from high-profile crises without a drastic rebranding exercise.
Boeing's 787 Dreamliner got off to a rocky start after a battery issue that led to a temporary grounding, but the plane has gone on to become a popular aircraft in the widebody market.
"This is a temporary blip in the long run for Boeing," Haigh said by email when asked about Trump's comments.
Other marketing experts said talk of rebranding was inappropriate when the issue of safety was paramount.
"To rebrand without making sure the product is safe and undergoing another crash with the same airplane under a new name and image could destroy Boeing," said Paul Caiozzo, founder and Chief Creative Officer of brand design agency Interesting Development.
Thomas Ordahl, chief strategy officer at brand consulting firm Landor, which works for airlines and other sectors, said: "You can't just rebrand, you have to deal with the problem."
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 Susan Heavey and Tracy Rucinski WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust. Chief Executive Dennis Muilenburg has apologized on behalf of the planemaker for the 346 lives lost in accidents in October and March, and promised to eliminate the risk that flight software meant to prevent the plane stalling could be activated by wrong data. "To rebrand without making sure the product is safe and undergoing another crash with the same airplane under a new name and image could destroy Boeing," said Paul Caiozzo, founder and Chief Creative Officer of brand design agency Interesting Development.
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Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official. Brand Finance Chief Executive David Haigh rejected the idea that Boeing should rebrand, noting that Toyota and others recovered from high-profile crises without a drastic rebranding exercise. Thomas Ordahl, chief strategy officer at brand consulting firm Landor, which works for airlines and other sectors, said: "You can't just rebrand, you have to deal with the problem."
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By Susan Heavey and Tracy Rucinski WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust. ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. Brand Finance, a UK-based consultancy that tracks the value of global brands, said on Monday it sees a $12 billion dent to the value of the Boeing brand, which it had called the most valuable in the aerospace industry worth $32 billion in 2018.
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Asked about Trump's advice, delivered in a Twitter post, a Boeing spokesman said rebuilding public trust was their focus, with pilots playing a pivotal role. "What do I know about branding, maybe nothing (but I did become President! Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official.
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6434.0
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2019-04-15 00:00:00 UTC
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Boeing brainstorms to regain trust in MAX, Trump urges rebranding
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AAL
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https://www.nasdaq.com/articles/boeing-brainstorms-regain-trust-max-trump-urges-rebranding-2019-04-15
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nan
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By Susan Heavey and Tracy Rucinski
WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust.
Airline officials said they have held lengthy meetings with Boeing over the past weeks about how to regain the public's support once the grounded planes are returned to service.
Asked about Trump's advice, delivered in a Twitter post, a Boeing spokesman said rebuilding public trust was their focus, with pilots playing a pivotal role.
"Pilots' confidence in the aircraft will lead passengers and crew to have greater confidence in the aircraft," Gordon Johndroe, vice president for communications, told .
For now Boeing is concentrating on submitting a software update and finalizing pilot training for regulatory approval. Regulators worldwide are preparing to review Boeing's proposals.
Trump, who owned the Trump Shuttle airline from 1989 to 1992 and is an aviation enthusiast, weighed in with his thoughts early on Monday.
"What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. No product has suffered like this one. But again, what the hell do I know?" he tweeted.
The 737 MAX is Chicago-based Boeing's fastest-selling jet and its main source of profits and cash, having won some 5,000 orders or around seven years of production for the aircraft.
Chief Executive Dennis Muilenburg has apologized on behalf of the planemaker for the 346 lives lost in accidents in October and March, and promised to eliminate the risk that flight software meant to prevent the plane stalling could be activated by wrong data.
"Passengers will be thinking about the pilot that's flying the plane. We are the real final call," said Dennis Tajer, spokesman for the U.S. Allied Pilots Association.
BRANDING STRATEGY
Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official.
How Boeing recovers from this blow to the fuel-efficient, single-aisle MAX will be key to its duopoly with European planemaker Airbus SE , since Boeing is years away from being able to deliver a new narrowbody model, experts said.
The plane's grounding has also threatened the U.S. summer travel season, with some airlines removing the 737 from their schedules through August.
Brand Finance, a UK-based consultancy that tracks the value of global brands, said on Monday it sees a $12 billion dent to the value of the Boeing brand, which it had called the most valuable in the aerospace industry worth $32 billion in 2018.
Brand Finance Chief Executive David Haigh rejected the idea that Boeing should rebrand, noting that Toyota and others recovered from high-profile crises without a drastic rebranding exercise.
Boeing's 787 Dreamliner got off to a rocky start after a battery issue that led to a temporary grounding, but the plane has gone on to become a popular aircraft in the widebody market.
"This is a temporary blip in the long run for Boeing," Haigh said by email when asked about Trump's comments.
Other marketing experts said talk of rebranding was inappropriate when the issue of safety was paramount.
"To rebrand without making sure the product is safe and undergoing another crash with the same airplane under a new name and image could destroy Boeing," said Paul Caiozzo, founder and Chief Creative Officer of brand design agency Interesting Development.
Thomas Ordahl, chief strategy officer at brand consulting firm Landor, which works for airlines and other sectors, said: "You can't just rebrand, you have to deal with the problem."
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 Susan Heavey and Tracy Rucinski WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust. Chief Executive Dennis Muilenburg has apologized on behalf of the planemaker for the 346 lives lost in accidents in October and March, and promised to eliminate the risk that flight software meant to prevent the plane stalling could be activated by wrong data. "To rebrand without making sure the product is safe and undergoing another crash with the same airplane under a new name and image could destroy Boeing," said Paul Caiozzo, founder and Chief Creative Officer of brand design agency Interesting Development.
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Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official. Brand Finance Chief Executive David Haigh rejected the idea that Boeing should rebrand, noting that Toyota and others recovered from high-profile crises without a drastic rebranding exercise. Thomas Ordahl, chief strategy officer at brand consulting firm Landor, which works for airlines and other sectors, said: "You can't just rebrand, you have to deal with the problem."
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By Susan Heavey and Tracy Rucinski WASHINGTON/CHICAGO, April 15 () - U.S. President Donald Trump on Monday urged Boeing Co to "rebrand" its 737 MAX jetliner following two fatal crashes, but the planemaker said it was focused on fixing the problem and brainstorming over next steps to win back public trust. ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. Brand Finance, a UK-based consultancy that tracks the value of global brands, said on Monday it sees a $12 billion dent to the value of the Boeing brand, which it had called the most valuable in the aerospace industry worth $32 billion in 2018.
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Asked about Trump's advice, delivered in a Twitter post, a Boeing spokesman said rebuilding public trust was their focus, with pilots playing a pivotal role. "What do I know about branding, maybe nothing (but I did become President! Trump's tweet marks the first time the MAX brand underpinning Boeing profits in coming years has publicly been thrown into question by a senior government official.
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6435.0
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2019-04-15 00:00:00 UTC
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Trump urges Boeing to fix, 'rebrand' grounded 737 Max planes
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AAL
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https://www.nasdaq.com/articles/trump-urges-boeing-fix-rebrand-grounded-737-max-planes-2019-04-15
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WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it.
"What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. No product has suffered like this one. But again, what the hell do I know?" Trump tweeted.
OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it.
"What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. No product has suffered like this one. But again, what the hell do I know?" Trump tweeted.
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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WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it. ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it.
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WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it. ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it.
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WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it. ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name. OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it.
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WASHINGTON, April 15 () - U.S. President Donald Trump on Monday offered Boeing Co advice in the wake of two fatal crashes involving its 737 MAX jetliner, saying the planemaker should "rebrand" the best-selling aircraft after fixing it. "What do I know about branding, maybe nothing (but I did become President! ), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name.
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6436.0
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2019-04-15 00:00:00 UTC
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Lackluster Bank Earnings Pressure U.S. Markets
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https://www.nasdaq.com/articles/lackluster-bank-earnings-pressure-us-markets-2019-04-15-0
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U.S. markets suffered today, kicking off the holiday-shortened week on a negative note. The Dow and S&P 500 closed lower on the back of disappointing big bank earnings from the likes of Goldman Sachs ( GS ) and Citigroup ( C ), while the Nasdaq joined its peers in the red. Looking ahead, investors are eyeing another round of notable earnings releases tomorrow, and a potential update on U.S.-China trade talks following Treasury Secretary Steven Mnuchin's comment that the two are "getting very close" to a deal.
Continue reading for more on today's market, including:
This weed stock just had its worst day of 2019 .
Call traders swiped right on Match stock.
A pre-earnings look at Johnson & Johnson.
Plus, the streaming stock hit by Amazon rumors; the FAANG stock flashing a buy signal; and C-suite shake-up drops Best Buy stock.
The Dow Jones Industrial Average (DJI - 26,384.77) shed 27.5 points, or 0.1%. UnitedHealth ( UNH ) led the 16 advancing blue chips, adding 3.1%. Meanwhile, GS paced the 14 losers with a 3.8% drop.
The S&P 500 Index (SPX - 2,905.58) lost 1.8 points, or 0.06%, while the Nasdaq Composite (IXIC - 7,976.01) let go of 8.2 points, or 0.1%.
The Cboe Volatility Index (VIX - 12.32) added 0.3 point, or 2.6%.
5 Items on our Radar Today
Paris' iconic Notre Dame Cathedral broke out in a massive fire today, causing its famous spire structure to collapse. The official cause remains unknown, but the nearly 1,000-year-old cathedral has been undergoing structural repair. U.S. President Donald Trump was quick to respond, suggesting that "flying water tankers" could subdue the blaze. ( MarketWatch )
Adding to the longevity and repercussions of Boeing's ( BA ) 737 Max 8 grounding, United Airlines extended cancellations of the aircraft to early July from June. American Airlines ( AAL ) has pushed cancellations even further, halting all 737 Max 8 flights through Aug. 19. ( CNBC )
Amazon has become a major threat to this streaming name.
This FAANG stock flashed a buy signal before earnings.
Best Buy shares fell on CEO shake-up .
Data courtesy of Trade-Alert
Oil, Gold Retreat
Oil ended the day in the red, on reports a Russian official voiced concern over the country's participation in the Organization of the Petroleum Exporting Countries' (OPEC) production cuts. May-dated crude futures dropped 49 cents, or 0.8%, settling at $63.40 per barrel.
U.S.-China trade progress sent gold lower. June-dated gold closed down $3.90, or 0.3%, at $1,291.30 per ounce -- its lowest settlement in over a week.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 pushed cancellations even further, halting all 737 Max 8 flights through Aug. 19. The Dow and S&P 500 closed lower on the back of disappointing big bank earnings from the likes of Goldman Sachs ( GS ) and Citigroup ( C ), while the Nasdaq joined its peers in the red. Looking ahead, investors are eyeing another round of notable earnings releases tomorrow, and a potential update on U.S.-China trade talks following Treasury Secretary Steven Mnuchin's comment that the two are "getting very close" to a deal.
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American Airlines ( AAL ) has pushed cancellations even further, halting all 737 Max 8 flights through Aug. 19. Plus, the streaming stock hit by Amazon rumors; the FAANG stock flashing a buy signal; and C-suite shake-up drops Best Buy stock. This FAANG stock flashed a buy signal before earnings.
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American Airlines ( AAL ) has pushed cancellations even further, halting all 737 Max 8 flights through Aug. 19. The Dow and S&P 500 closed lower on the back of disappointing big bank earnings from the likes of Goldman Sachs ( GS ) and Citigroup ( C ), while the Nasdaq joined its peers in the red. Plus, the streaming stock hit by Amazon rumors; the FAANG stock flashing a buy signal; and C-suite shake-up drops Best Buy stock.
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American Airlines ( AAL ) has pushed cancellations even further, halting all 737 Max 8 flights through Aug. 19. Plus, the streaming stock hit by Amazon rumors; the FAANG stock flashing a buy signal; and C-suite shake-up drops Best Buy stock. Meanwhile, GS paced the 14 losers with a 3.8% drop.
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6437.0
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2019-04-14 00:00:00 UTC
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Too many travelers, too few planes is U.S. airlines' 737 MAX summer dilemma
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https://www.nasdaq.com/articles/too-many-travelers-too-few-planes-us-airlines-737-max-summer-dilemma-2019-04-14
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By Tracy Rucinski
CHICAGO, April 14 () - Normally U.S. airlines compete to sell tickets and fill seats during the peak summer travel season. But operators of the grounded Boeing 737 MAX are facing a different problem: scarce planes and booming demand.
The grounding of Boeing Co's fuel-efficient, single-aisle workhorse after two fatal crashes is biting into U.S. airlines' Northern Hemisphere spring and summer schedules, threatening to disarm them in their seasonal war for profits.
Southwest Airlines Co , the world's largest MAX operator, and American Airlines Group Inc with 34 and 24 MAX jetliners respectively, have removed the aircraft from their flying schedules into August.
Southwest's decision will lead to 160 cancellations of some 4,200 daily flights between June 8 and Aug. 5, while American's removal through Aug. 19 means about 115 daily cancellations, or 1.5 percent of its summer flying schedule each day.
Low-cost carrier Southwest, which unlike its rivals only flies Boeing 737s, had estimated $150 million in lost revenue between Feb. 20 and March 31 alone due to MAX cancellations and other factors.
So far airlines have said it is too soon to estimate the impact of the MAX grounding beyond the first quarter, but the extended cancellations signal that they do not expect a quick return of Boeing's fast-selling jetliner. The 737 MAX was grounded worldwide in March following a fatal Ethiopian Airlines crash just five months after a Lion Air crash in Indonesia. All on board both planes were killed.
Boeing is under pressure to deliver an upgrade on software that is under scrutiny in both crashes and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days.
The timing of a prolonged grounding could not be worse for Northern Hemisphere carriers. Planes run fullest during June, July and August, when airlines earn the most revenue per available seat mile, according to U.S. Bureau of Transportation Statistics.
In a letter to employees and customers on Sunday, American Airlines' top executives said they believed the MAX would be recertified "soon" but wanted to provide their customers reliability and confidence during "the busiest travel period of the year."
American was cancelling about 90 flights per day through early June, but runs more flights and has less fleet flexibility in the peak summer travel months.
"We're not denying that it's going to be a challenge for us," American spokesman Ross Feinstein said. "That is why if we have to extend cancellations based on aircraft availability we will do so as far in advance as possible."
A decline in seat capacity could mean higher last-minute summer fares, particularly for business class travelers, aviation consultants and analysts said.
United Airlines , with 14 MAX jets, has largely avoided cancellations by servicing MAX routes with larger 777 or 787 aircraft, but the airline president, Scott Kirby, warned last week that the strategy was costing it money and could not go on forever.
Overall the MAX represents just 5 percent of Southwest's total fleet and even less for American and United, but the strain on fleets increases as additional MAX deliveries remain frozen.
Southwest has 41 MAX jets pending delivery for 2019, while American has 16 and United 14.
To compensate, global MAX operators have added a flight or two to other aircrafts' daily schedules and deferred some non-essential maintenance work. Some airlines are also weighing extending aircraft leases and bringing back idled planes, but with unclear MAX timing, no option is clear-cut or cheap, consultants said.
United is due to publish first-quarter results on April 16, followed by Southwest on April 25 and American on April 26.
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 grounding of Boeing Co's fuel-efficient, single-aisle workhorse after two fatal crashes is biting into U.S. airlines' Northern Hemisphere spring and summer schedules, threatening to disarm them in their seasonal war for profits. Boeing is under pressure to deliver an upgrade on software that is under scrutiny in both crashes and convince global regulators that the plane is safe to fly again, a process expected to take at least 90 days. Some airlines are also weighing extending aircraft leases and bringing back idled planes, but with unclear MAX timing, no option is clear-cut or cheap, consultants said.
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The grounding of Boeing Co's fuel-efficient, single-aisle workhorse after two fatal crashes is biting into U.S. airlines' Northern Hemisphere spring and summer schedules, threatening to disarm them in their seasonal war for profits. Southwest's decision will lead to 160 cancellations of some 4,200 daily flights between June 8 and Aug. 5, while American's removal through Aug. 19 means about 115 daily cancellations, or 1.5 percent of its summer flying schedule each day. American was cancelling about 90 flights per day through early June, but runs more flights and has less fleet flexibility in the peak summer travel months.
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Southwest Airlines Co , the world's largest MAX operator, and American Airlines Group Inc with 34 and 24 MAX jetliners respectively, have removed the aircraft from their flying schedules into August. Southwest's decision will lead to 160 cancellations of some 4,200 daily flights between June 8 and Aug. 5, while American's removal through Aug. 19 means about 115 daily cancellations, or 1.5 percent of its summer flying schedule each day. United Airlines , with 14 MAX jets, has largely avoided cancellations by servicing MAX routes with larger 777 or 787 aircraft, but the airline president, Scott Kirby, warned last week that the strategy was costing it money and could not go on forever.
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Southwest Airlines Co , the world's largest MAX operator, and American Airlines Group Inc with 34 and 24 MAX jetliners respectively, have removed the aircraft from their flying schedules into August. American was cancelling about 90 flights per day through early June, but runs more flights and has less fleet flexibility in the peak summer travel months. Southwest has 41 MAX jets pending delivery for 2019, while American has 16 and United 14.
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6438.0
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2019-04-14 00:00:00 UTC
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Spirit Isn't the Worst Airline in America Anymore
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https://www.nasdaq.com/articles/spirit-isnt-worst-airline-america-anymore-2019-04-14
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As it expanded rapidly in the years following its 2011 IPO, Spirit Airlines (NYSE: SAVE) acquired a well-deserved reputation for lousy customer service. In its drive to maximize profits while keeping costs as low as possible, the ultra-low-cost carrier implemented unreasonably high fees, while failing to prioritize on-time performance or friendly service.
As a result, it was no surprise that Spirit Airlines ranked last or second to last in each of the first three years that it was included in the annual Airline Quality Rating report.
However, Spirit Airlines has worked hard to improve the quality of its service over the past year and a half or so. Those efforts clearly paid off, as evidenced by a big improvement in Spirit Airlines' score in the 2019 edition of the Airline Quality Rating study.
Spirit Airlines is rapidly improving the quality of its service. Image source: Spirit Airlines.
What does the report measure?
The Airline Quality Rating report is compiled annually by researchers at Embry-Riddle Aeronautical University and Wichita State University. It creates a composite quality score for each airline using government data on four objective metrics important to air travelers:
On-time performance.
The frequency with which passengers are involuntarily "bumped" from their flights.
The rate of mishandled (i.e. lost, destroyed, or delayed) baggage.
The number of official customer complaints made to the U.S. Department of Transportation.
Scores are reported as negative numbers, with numbers closer to zero representing higher-quality service.
Spirit Airlines moves up
In the 2019 Airline Quality Rating study, which covers the 2018 calendar year, Spirit Airlines took the No. 7 spot among the nine airlines tracked. In addition to beating fellow ultra-low cost carrier Frontier Airlines for the second time in three years, Spirit also outperformed American Airlines (NASDAQ: AAL) in 2018.
For 2018 as a whole, Spirit's AQR score was negative 1.00, up from negative-1.66 in 2017. This continued a trend of improving performance over the past few years: Spirit Airlines scored negative 2.01 in 2016 and negative 3.18 in 2015.
Most other U.S. airlines have been getting better, too. The industry average score improved to negative 0.66 last year, up from negative 0.79 in 2017, negative 0.95 in 2016, and negative 1.21 in 2015. However, Spirit Airlines has certainly achieved the most dramatic improvement in its AQR score over this period.
Digging into Spirit's performance improvements
A big driver of Spirit's improving AQR score has been better on-time performance, which has been a key area of focus for management. In 2018, 81.1% of Spirit's flights arrived within 15 minutes of their scheduled arrival times, ahead of the industry average of 79.6%. That followed three straight years of improvement. Back in 2015, only 69% of Spirit's flights arrived on time, compared to an average of 79.9% for the industry.
Spirit has also significantly reduced the number of official customer complaints over time. The airline received 2.83 complaints per 100,000 passengers carried last year, down from 11.73 complaints per 100,000 passengers in 2015. However, that was still considerably worse than the 2018 industry average of 1.04 official complaints per 100,000 passengers.
Meanwhile, Spirit Airlines has always had better-than-average baggage performance. In fact, it has had the lowest rate of mishandled bags in the industry for the past two years. On the other hand, it bumped passengers at a higher rate in 2018 than it did three years earlier.
In a particularly welcome development, Spirit's AQR score improved as 2018 progressed, averaging about negative 0.77 in the fourth quarter. This was driven primarily by a sharp drop in the number of passengers bumped and stellar on-time performance. It will be interesting to see if the carrier can maintain this momentum in 2019. Initiatives to boost profitability by increasing aircraft utilization and encouraging more connecting itineraries could lead to more frequent delays and more mishandled bags if they are not executed with precision.
Bad news for American Airlines
Spirit Airlines' service improvements don't bode well for American Airlines. The No. 1 U.S. airline hasn't been known for excellent customer service in recent years. While its AQR score improved between 2015 and 2018 -- moving up from negative 1.73 to negative 1.10 -- it has gone from leading both ultra-low cost carriers by a wide margin to trailing Spirit Airlines in the AQR rankings.
American Airlines fell behind Spirit Airlines in the 2019 AQR rankings. Image source: American Airlines.
If American Airlines comes to be seen as equal to, let alone to inferior to, Spirit Airlines in the eyes of air travelers, its pricing power will deteriorate. This is not just a theoretical concern. There is substantial route overlap between the two carriers, particularly at American's Miami, Chicago, Dallas-Fort Worth, and Los Angeles hubs.
The silver lining is that American Airlines executives recognize the importance of improving the carrier's operational performance and customer service. Investors will have to wait and see if the world's largest airline can make meaningful progress on that front in 2019.
10 stocks we like better than Spirit Airlines
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Spirit 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 March 1, 2019
Adam Levine-Weinberg owns shares of Spirit Airlines and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of Spirit 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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In addition to beating fellow ultra-low cost carrier Frontier Airlines for the second time in three years, Spirit also outperformed American Airlines (NASDAQ: AAL) in 2018. As it expanded rapidly in the years following its 2011 IPO, Spirit Airlines (NYSE: SAVE) acquired a well-deserved reputation for lousy customer service. In its drive to maximize profits while keeping costs as low as possible, the ultra-low-cost carrier implemented unreasonably high fees, while failing to prioritize on-time performance or friendly service.
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In addition to beating fellow ultra-low cost carrier Frontier Airlines for the second time in three years, Spirit also outperformed American Airlines (NASDAQ: AAL) in 2018. This continued a trend of improving performance over the past few years: Spirit Airlines scored negative 2.01 in 2016 and negative 3.18 in 2015. Digging into Spirit's performance improvements A big driver of Spirit's improving AQR score has been better on-time performance, which has been a key area of focus for management.
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In addition to beating fellow ultra-low cost carrier Frontier Airlines for the second time in three years, Spirit also outperformed American Airlines (NASDAQ: AAL) in 2018. As a result, it was no surprise that Spirit Airlines ranked last or second to last in each of the first three years that it was included in the annual Airline Quality Rating report. Spirit Airlines moves up In the 2019 Airline Quality Rating study, which covers the 2018 calendar year, Spirit Airlines took the No.
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In addition to beating fellow ultra-low cost carrier Frontier Airlines for the second time in three years, Spirit also outperformed American Airlines (NASDAQ: AAL) in 2018. Spirit Airlines is rapidly improving the quality of its service. Most other U.S. airlines have been getting better, too.
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6439.0
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2019-04-13 00:00:00 UTC
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It's Official: JetBlue Is Going to London -- in 2021
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https://www.nasdaq.com/articles/its-official-jetblue-going-london-2021-2019-04-13
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For three years, JetBlue Airways (NASDAQ: JBLU) has been publicly weighing the possibility of flying to Europe. In mid-2016, it negotiated an option to convert some of its Airbus A321neo orders to the A321LR variant, which has additional fuel capacity, enabling flights between the Northeast U.S. and Western Europe.
On Wednesday, JetBlue made the long-anticipated announcement that it will exercise some of those conversion options, allowing it to begin flying from Boston and New York to London in 2021. Other popular destinations in Europe, such as Amsterdam, Dublin, and Paris, could follow soon thereafter.
JetBlue sees plenty of potential in Europe
A big reason why JetBlue is expanding to Europe -- and London, in particular -- is because many of its customers already travel there and would fly JetBlue if they had the choice. Corporate customers, in particular, have been clamoring for JetBlue flights to Europe.
JetBlue confirmed last week that it plans to start flying to London in 2021. Image source: JetBlue Airways.
Indeed, by late 2016, JetBlue already served 39 of the top 50 destinations from Boston. (It has since added another: Minneapolis-St. Paul.) At the time, management noted that four of the 11 top destinations that JetBlue didn't serve yet from Boston were in Europe: London, Paris, Dublin, and Reykjavik. Of those, London is by far the most popular travel destination.
The biggest opportunity for JetBlue is in the upper end of the market. Outside of peak season, economy fares for transatlantic flights are pretty low, as budget carriers like Norwegian Air have injected more competition into the market.
By contrast, business travelers who want flat-bed seats for long-haul flights have few choices in the transatlantic market. American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and United Continental and their European joint-venture partners are absolutely dominant on many key transatlantic routes, leading to extremely high premium fares.
In the past five years, JetBlue has had huge success with its flat-bed "Mint" premium service on domestic transcontinental routes, combining an award-winning inflight product with lower fares to stimulate demand. Mint should allow the carrier to compete effectively for premium traffic on transatlantic routes, as well. Furthermore, JetBlue will take advantage of the new Airbus Cabin Flex option to offer more Mint seats on each A321LR than it does on its current A321 Mint fleet.
JetBlue's Mint lie-flat seats are the linchpin of its business plan for London flights. Image source: JetBlue Airways.
Two alliances dominate the U.S.-London market today
Fares for flat-bed seats on routes to London tend to be particularly outrageous. That's largely because the market is dominated by two key joint ventures: one between American Airlines and British Airways and another between Delta Air Lines and Virgin Atlantic. Each joint venture has antitrust immunity, allowing the members to plan schedules and pricing together while sharing revenue on routes between the U.S. and London.
On a typical day this summer, there will be 33 nonstop flights from New York to London. Nearly half of those (16, to be exact) are operated by the British Airways-American Airlines joint venture. The Delta-Virgin Atlantic alliance accounts for another nine. United and Norwegian are the only other competitors, with five and three daily roundtrips, respectively.
The situation is even worse in Boston, where there are eight daily flights to London: four by British Airways and three by the Delta-Virgin Atlantic joint venture. Norwegian supplies the only competition to these two behemoths, with a single daily flight. Moreover, with no flat-bed seats, Norwegian doesn't compete in the premium segment of the market.
As a result, roundtrip business class tickets from Boston or New York to London routinely price out at $8,000 or more, even if purchased a month in advance. By contrast, roundtrip business class fares between New York and Madrid (a market with more robust competition) can be had for around $3,000, even though it's a slightly longer flight.
This highlights the opportunity for JetBlue -- and for travelers willing to pay up for comfort. The carrier could probably set the starting price for Mint tickets on its London routes at $3,000 or less roundtrip and still earn sizable profits.
Getting into the best airports will be critical
JetBlue hasn't set schedules yet for its London flights. It hasn't even determined which London airport (or airports) it will use. All the airline revealed in its announcement was that it plans to offer multiple daily flights to London from both Boston and New York.
Gaining access to the most preferred London airports could make or break JetBlue's expansion plan. Heathrow Airport -- the city's primary airport -- is completely full, and slots trade for tens of millions of dollars each (on the rare occasions that they become available). The situation isn't much better at Gatwick Airport.
JetBlue executives have hinted that they expect to gain access to at least one of the two airports, if not both. The pending acquisition of Flybe by a consortium including Virgin Atlantic could lead to mandatory slot divestitures at Heathrow. JetBlue also argues that it should be given "remedy" slots currently allocated to Delta and Virgin Atlantic to bolster competition on certain U.S.-Heathrow routes. Finally, if Brexit becomes a reality, the top antitrust regulator in the U.K. plans to open an investigation into Heathrow slot allocations.
Still, there's no guarantee that JetBlue will be able to get attractive slots -- or any at all. If it's forced to use less-convenient airports like London Stansted, many business travelers might stick with American and Delta (and their joint-venture partners), despite their higher fares.
The battle between JetBlue and the incumbents in the New York-London and Boston-London markets looks like it's going to be epic. Investors and travelers will just have to wait and see how JetBlue implements its London plans.
10 stocks we like better than JetBlue Airways
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and JetBlue Airways 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 March 1, 2019
Adam Levine-Weinberg owns shares of Delta Air Lines and JetBlue Airways and is long January 2020 $20 calls on American Airlines Group. The Motley Fool owns shares of and recommends Delta Air Lines. The Motley Fool recommends 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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American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and United Continental and their European joint-venture partners are absolutely dominant on many key transatlantic routes, leading to extremely high premium fares. In the past five years, JetBlue has had huge success with its flat-bed "Mint" premium service on domestic transcontinental routes, combining an award-winning inflight product with lower fares to stimulate demand. That's largely because the market is dominated by two key joint ventures: one between American Airlines and British Airways and another between Delta Air Lines and Virgin Atlantic.
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American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and United Continental and their European joint-venture partners are absolutely dominant on many key transatlantic routes, leading to extremely high premium fares. At the time, management noted that four of the 11 top destinations that JetBlue didn't serve yet from Boston were in Europe: London, Paris, Dublin, and Reykjavik. That's largely because the market is dominated by two key joint ventures: one between American Airlines and British Airways and another between Delta Air Lines and Virgin Atlantic.
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American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and United Continental and their European joint-venture partners are absolutely dominant on many key transatlantic routes, leading to extremely high premium fares. JetBlue sees plenty of potential in Europe A big reason why JetBlue is expanding to Europe -- and London, in particular -- is because many of its customers already travel there and would fly JetBlue if they had the choice. JetBlue's Mint lie-flat seats are the linchpin of its business plan for London flights.
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American Airlines (NASDAQ: AAL), Delta Air Lines (NYSE: DAL), and United Continental and their European joint-venture partners are absolutely dominant on many key transatlantic routes, leading to extremely high premium fares. JetBlue sees plenty of potential in Europe A big reason why JetBlue is expanding to Europe -- and London, in particular -- is because many of its customers already travel there and would fly JetBlue if they had the choice. That's largely because the market is dominated by two key joint ventures: one between American Airlines and British Airways and another between Delta Air Lines and Virgin Atlantic.
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6440.0
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2019-04-12 00:00:00 UTC
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FAA meets with U.S. airlines, pilot unions on Boeing 737 MAX
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https://www.nasdaq.com/articles/faa-meets-us-airlines-pilot-unions-boeing-737-max-2019-04-12
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By David Shepardson and Tracy Rucinski
WASHINGTON/CHICAGO, April 12 () - The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that own now grounded Boeing 737 MAX jets and their pilots' unions to discuss two fatal crashes and the path forward.
More than 300 Boeing 737 MAXs have been grounded worldwide after a total of 346 people died in a Lion Air crash in Indonesia in October and in an Ethiopian Airlines crash outside Addis Ababa last month.
Elwell said the meeting participants' "operational perspective is critical input as the agency welcomes scrutiny on how it can do better."
American said in a statement it was "confident in the direction the FAA is heading" and would continue to work collaboratively in this process.
Pilots from American and Southwest, the two largest U.S. MAX operators, said they welcomed the meeting but noted that many issues still needed to be discussed and debated before the MAX flies again.
"We have to unground the confidence in this airplane," Dennis Tajer, spokesman for the Allied Pilots Association which represents American's pilots, told reporters outside FAA headquarters.
"We take off our watches and put the calendars in the drawer," he added, suggesting that rebuilding confidence in the aircraft could take some time.
American and United have removed the 737 MAX from their schedules through early June, while Southwest on Thursday extended the removal of its 34 MAX jets through Aug. 5, leading to around 160 daily flight cancellations during the revised summer schedule.
Boeing is reprogramming software on the 737 MAX to prevent erroneous data from triggering an anti-stall system known as MCAS that is under mounting scrutiny following the two deadly nose-down crashes.
The FAA said the meeting covered a review of the preliminary findings of the two crash investigations and an overview of Boeing's anticipated software enhancements and pilot training.
The plane's certification and training have been questioned following a 2004 decision by Congress to allow manufacturers an expanded role in the FAA's aircraft oversight.
Captain Jon Weaks, president of the Southwest Airlines Pilots Association, said in a letter he was concerned that this concept "may be too ingrained to reverse" and complicated by federal budget and personnel shortfalls, but called for continued scrutiny of Boeing.
The FAA has convened a joint review with aviation regulators from China, Europe, Canada, Brazil, Indonesia, Ethiopia and other countries.
Federal prosecutors, the Transportation Department inspector general's office and a blue-ribbon panel are also reviewing the plane's certification.
"The first and most important goal of all of the entire process should be to protect the lives of our passengers and the traveling public in general," said Weaks.
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 and Tracy Rucinski WASHINGTON/CHICAGO, April 12 () - The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that own now grounded Boeing 737 MAX jets and their pilots' unions to discuss two fatal crashes and the path forward. Boeing is reprogramming software on the 737 MAX to prevent erroneous data from triggering an anti-stall system known as MCAS that is under mounting scrutiny following the two deadly nose-down crashes. Captain Jon Weaks, president of the Southwest Airlines Pilots Association, said in a letter he was concerned that this concept "may be too ingrained to reverse" and complicated by federal budget and personnel shortfalls, but called for continued scrutiny of Boeing.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 12 () - The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that own now grounded Boeing 737 MAX jets and their pilots' unions to discuss two fatal crashes and the path forward. Pilots from American and Southwest, the two largest U.S. MAX operators, said they welcomed the meeting but noted that many issues still needed to be discussed and debated before the MAX flies again. "We have to unground the confidence in this airplane," Dennis Tajer, spokesman for the Allied Pilots Association which represents American's pilots, told reporters outside FAA headquarters.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 12 () - The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that own now grounded Boeing 737 MAX jets and their pilots' unions to discuss two fatal crashes and the path forward. Pilots from American and Southwest, the two largest U.S. MAX operators, said they welcomed the meeting but noted that many issues still needed to be discussed and debated before the MAX flies again. The FAA said the meeting covered a review of the preliminary findings of the two crash investigations and an overview of Boeing's anticipated software enhancements and pilot training.
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By David Shepardson and Tracy Rucinski WASHINGTON/CHICAGO, April 12 () - The Federal Aviation Administration met for three hours on Friday with representatives from the three major U.S. airlines that own now grounded Boeing 737 MAX jets and their pilots' unions to discuss two fatal crashes and the path forward. More than 300 Boeing 737 MAXs have been grounded worldwide after a total of 346 people died in a Lion Air crash in Indonesia in October and in an Ethiopian Airlines crash outside Addis Ababa last month. Pilots from American and Southwest, the two largest U.S. MAX operators, said they welcomed the meeting but noted that many issues still needed to be discussed and debated before the MAX flies again.
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6441.0
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2019-04-11 00:00:00 UTC
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Delta Airlines Is Soaring, But Don’t Book a New Seat Here
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AAL
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https://www.nasdaq.com/articles/delta-airlines-soaring-dont-book-new-seat-here-2019-04-11
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nan
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nan
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I am not a fan of writing about downside potential, but there is temporary risk to Delta Air Lines (NYSE:) stock up here. Before you label me a hater, today’s write up is not a diss about the company itself or its prospects. This is merely a call for caution that is more technically based than fundamental.
Source:
Yesterday, DAL stock reported a strong earnings report and the stock appropriately rallied on the headline. The stock so far is trading in lock step with the S&P 500 as it nears its all-time highs from November. Year-to-date, DAL stock is up a respectable 17%.
Fundamentally, the company seems to be doing great, and they promised even better things to come as they raised their forward guidance for 2019. Yet, the stock is cheap, as it only sells at a 8x forward price to earnings ratio. And it also pays a 2.4% dividend to sweeten the pot.
Dealing With DAL Stock
So why am I cautious about the stock up here? There are some worrisome technical aspects to consider.
Although it ended yesterday up, the 3% spike faded in spite of the awesome report. Their management media appearance sounded super confident yet it couldn’t retain its highs of the day. This by itself is not a deal killer, but there is more.
Recently, Delta stock broke out from $52 per share in a big way. So the fast rise in the stock left big open gaps below that could become magnets for short-term trading. While not every gap on a chart gets filled, most of them do. This one is prominent enough that it will attract attention from short sellers.
If DAL loses $56.50 per share, it could invite momentum sellers to try and target $53 per share. While this is not a forecast, it is a scenario prospective buyers of the stock should know.
Wall Street analysts who cover the stock are almost unanimous in rating DAL stock a buy. This leaves no room for improvement and increases the odds of a surprise downgrade. I get uncomfortable when everyone agrees on the same thing because this is when change usually comes. Again, this is not an imminent threat, but it’s looming. In fact, just this week, Credit Suisse raised its price target on Delta — and it probably won’t be the only one to do so.
We also have outside factors meddling with the airline stocks. This time, it’s about Boeing (NYSE:). The grounding of the 737 Max and its production halt has a big impact on airlines. Delta has none of those, so it won’t benefit from a relief pop once that situation is resolved. So DAL stock could lose bids to other airlines who are currently under pressure from BA’s woes.
In summary, although I like what the Delta team is doing and how strong the stock it, this is not an obvious time to initiate a new long position. Long term, this is not a worry, so those long it already with profits can stay in them and manage those positions according to their parameters.
After all, when management tells us that demand for Delta’s products has never been stronger, we believe them. This is the ultimate statement of confidence that they are executing well on their plans. Otherwise they’d be offering excuses to explain away what’s not working.
Nicolas Chahine is the managing director of . As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and .
More From InvestorPlace
The post 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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I am not a fan of writing about downside potential, but there is temporary risk to Delta Air Lines (NYSE:) stock up here. So the fast rise in the stock left big open gaps below that could become magnets for short-term trading. In summary, although I like what the Delta team is doing and how strong the stock it, this is not an obvious time to initiate a new long position.
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Source: Yesterday, DAL stock reported a strong earnings report and the stock appropriately rallied on the headline. Yet, the stock is cheap, as it only sells at a 8x forward price to earnings ratio. In fact, just this week, Credit Suisse raised its price target on Delta — and it probably won’t be the only one to do so.
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Source: Yesterday, DAL stock reported a strong earnings report and the stock appropriately rallied on the headline. Dealing With DAL Stock So why am I cautious about the stock up here? Wall Street analysts who cover the stock are almost unanimous in rating DAL stock a buy.
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Fundamentally, the company seems to be doing great, and they promised even better things to come as they raised their forward guidance for 2019. Dealing With DAL Stock So why am I cautious about the stock up here? In summary, although I like what the Delta team is doing and how strong the stock it, this is not an obvious time to initiate a new long position.
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6442.0
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2019-04-11 00:00:00 UTC
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Nasdaq 100 Movers: TSLA, FAST
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-tsla-fast-2019-04-11
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nan
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In early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, Fastenal registers a 29.8% gain.
And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. Tesla is lower by about 19.4% looking at the year to date performance.
Two other components making moves today are eBay, trading down 2.2%, and American Airlines Group, trading up 1.7% on the day.
VIDEO: Nasdaq 100 Movers: TSLA, FAST
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 early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. VIDEO: Nasdaq 100 Movers: TSLA, FAST 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 early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, Fastenal registers a 29.8% gain. And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%.
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In early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. Two other components making moves today are eBay, trading down 2.2%, and American Airlines Group, trading up 1.7% on the day.
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And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. Tesla is lower by about 19.4% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: TSLA, FAST 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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6443.0
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2019-04-11 00:00:00 UTC
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Nasdaq 100 Movers: TSLA, FAST
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AAL
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https://www.nasdaq.com/articles/nasdaq-100-movers-tsla-fast-2019-04-11-0
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nan
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nan
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In early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. Year to date, Fastenal registers a 29.8% gain.
And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. Tesla is lower by about 19.4% looking at the year to date performance.
Two other components making moves today are eBay, trading down 2.2%, and American Airlines Group, trading up 1.7% on the day.
VIDEO: Nasdaq 100 Movers: TSLA, FAST
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. VIDEO: Nasdaq 100 Movers: TSLA, FAST 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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And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. VIDEO: Nasdaq 100 Movers: TSLA, FAST The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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 early trading on Thursday, shares of Fastenal topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.1%. And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. VIDEO: Nasdaq 100 Movers: TSLA, FAST 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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And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 2.9%. Tesla is lower by about 19.4% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: TSLA, FAST 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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6444.0
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2019-04-11 00:00:00 UTC
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Qatar Airways says Air Italy stake compliant with 2018 U.S.-Qatar aviation agreement
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AAL
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https://www.nasdaq.com/articles/qatar-airways-says-air-italy-stake-compliant-2018-us-qatar-aviation-agreement-2019-04-11
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nan
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DUBAI, April 11 () - State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar,designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage.
The U.S is "looking very closely" at the deal after Republicans and Democrats said on Wednesday they were concerned it violated the agreement.
Qatar Airways bought a stake in Italian airline Meridiana in 2017, rebranded it Air Italy and transformed it into a carrier with five announced non-stop U.S. destinations from Milan.
Since 2015 the largest U.S carriers - Delta Air Lines , American Airlines Group and United Airlines - have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition.
Gulf airlines have always denied those accusations and last year separate voluntary agreements were reached between the U.S. and Qatar, and the U.S. and the United Arab Emirates to address the concerns. Measures included the airlines not adding new flights to the U.S.
However, Air Italy has been flying to New York and Miami since June last year and was due to start serving San Francisco and Los Angeles from this month and Chicago in May.
Qatar Airways said in a statement its investment in Air Italy, which closed in September 2017, preceded the 2018 agreement but complied with it.
It said its investments in other airlines were not raised as a point of concern during the discussions that led to the 2018 agreement and that the deal does not mention or prohibit cross-border investments.
Qatar Airways also said it did not codeshare on Air Italy's flights to the U.S. and has no plans to do so.
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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Qatar Airways bought a stake in Italian airline Meridiana in 2017, rebranded it Air Italy and transformed it into a carrier with five announced non-stop U.S. destinations from Milan. Gulf airlines have always denied those accusations and last year separate voluntary agreements were reached between the U.S. and Qatar, and the U.S. and the United Arab Emirates to address the concerns. However, Air Italy has been flying to New York and Miami since June last year and was due to start serving San Francisco and Los Angeles from this month and Chicago in May.
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DUBAI, April 11 () - State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar,designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage. Since 2015 the largest U.S carriers - Delta Air Lines , American Airlines Group and United Airlines - have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition. Qatar Airways also said it did not codeshare on Air Italy's flights to the U.S. and has no plans to do so.
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DUBAI, April 11 () - State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar,designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage. Qatar Airways bought a stake in Italian airline Meridiana in 2017, rebranded it Air Italy and transformed it into a carrier with five announced non-stop U.S. destinations from Milan. Since 2015 the largest U.S carriers - Delta Air Lines , American Airlines Group and United Airlines - have argued their Gulf rivals are being unfairly subsidized by their governments, distorting competition.
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DUBAI, April 11 () - State-owned Qatar Airways on Thursday dismissed concerns its 49 percent stake in Air Italy breaches a 2018 aviation agreement between the United States and Qatar,designed to address U.S. concerns that Gulf airlines had an unfair competitive advantage. Qatar Airways said in a statement its investment in Air Italy, which closed in September 2017, preceded the 2018 agreement but complied with it. Qatar Airways also said it did not codeshare on Air Italy's flights to the U.S. and has no plans to do so.
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6445.0
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2019-04-11 00:00:00 UTC
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3 Big Stock Charts for Thursday: DISH Network, American Airlines Group and Kellogg
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https://www.nasdaq.com/articles/3-big-stock-charts-for-thursday%3A-dish-network-american-airlines-group-and-kellogg-2019-04
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The bears balked again, ceding control back over to the bulls on Wednesday … not that they did much with it. The S&P 500 mustered a gain of 0.35% yesterday, but hasn’t made any real net progress since late last week. Volume, already trending lower, was downright pathetic, with few traders interested in making a commitment.
Bed Bath & Beyond (NASDAQ:) led the way, gaining more than 5% headed into its post-close earnings report. The stock gave up all of that gain and more in after-hours action though, following an unexpected quarterly loss. First Solar (NASDAQ:) logged an even bigger regular-hours gain though, advancing more than 8% after Goldman Sachs added it to its conviction list.
Lyft (NASDAQ:), on the flipside, was holding the market back, as shares of the newly minted ride-hailing stock fell more than 10% on the heels of news that rival Uber would soon be going public as well.
None of those names are setting up great trading moves headed into today’s action though. Rather, it’s the stock charts of Kellogg Company (NYSE:), DISH Network (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth a closer look. Here’s what to look for.
American Airlines Group (AAL)
Last year was a tough one for American Airlines Group shareholders. The stock was in a freefall for the better part of 2018, and though we’ve seen flashes of bullishness since October, nothing has actually shaken the stock out of its downtrend.
The prospect for a bullish reversal, however, hasn’t been better at any time in the past year and a half than it is now. There’s just a little more work that needs to be done.
• The first hurdle that needs to be cleared is the falling resistance line that touches all the major peaks going back to September. It’s plotted in yellow on both stock charts.
• The 200-day moving average line, plotted in white, may also serve as at least a temporary ceiling.
• Though the bulls need to secure more ground before the rally takes root, note that it has stopped making lower lows. A triple-bottom near $30 has been formed, which is a precursor to higher lows.
Kellogg Company (K)
Most stocks were hit hard in the latter part of last year. Kellogg Company was no exception. All told, it lost 28% of its value between September’s high and December’s low.
Matters have quietly started to improve though, and done so in the right way. One more good day could decidedly lock in place all the bullish legwork that’s been put on the table so far, and light a nice fire under the rebound effort.
• For the better part of late last year and early this year, a falling resistance line plotted in yellow on the daily chart continued to drive lower highs. That technical hurdle was clear last month.
• In the meantime, resistance at $57.80 has taken shape. That’s where K stock has peaked several times since late March, and it’s near where the gray 100-day moving average is now.
• Though erratic, we’ve seen some major bullish volume days since the latter half of March. There are some willing bulls out there.
• Zooming out to the weekly chart, we simultaneously see the Chaikin line’s moved back above the zero line and a fresh MACD buy signal. We don’t see either serve up fakeout signals very often for Kellogg Company shares.
DISH Network (DISH)
With nothing more than a quick glance, DISH Network could be seen as dishing out the same basic volatility it’s been dishing out for the past several months. And, maybe that’s all it is.
A longer, more thoughtful look at the charts of DISH, however, suggests there’s something far more constructive underway than we’ve seen in months. Although it’s still entirely likely we could see sizable pullbacks from here, the bigger-picture tide appears to have taken a nice turn for the better.
• As of right now, and since last month, DISH Network stock is above the white 200-day moving average line. That’s a first since the middle of 2017.
• DISH stock is also above horizontal resistance around $34, plotted with a red dashed line on the daily chart. The stock peaked there a couple of times before now, but it wasn’t a problem last week.
• The new convergence of all the key moving average lines is about to set up a cross of the purple 50-day moving average above the 200-day line. These so-called “golden crosses” are a big hint of a tidal change.
• If the rally can get and keep traction and break above the ceiling near $37, there’s no well-established resistance until you get back to 2017’s high around $66.50.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post 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 Group (AAL) Last year was a tough one for American Airlines Group shareholders. First Solar (NASDAQ:) logged an even bigger regular-hours gain though, advancing more than 8% after Goldman Sachs added it to its conviction list. Lyft (NASDAQ:), on the flipside, was holding the market back, as shares of the newly minted ride-hailing stock fell more than 10% on the heels of news that rival Uber would soon be going public as well.
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American Airlines Group (AAL) Last year was a tough one for American Airlines Group shareholders. Rather, it’s the stock charts of Kellogg Company (NYSE:), DISH Network (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth a closer look. • For the better part of late last year and early this year, a falling resistance line plotted in yellow on the daily chart continued to drive lower highs.
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American Airlines Group (AAL) Last year was a tough one for American Airlines Group shareholders. Rather, it’s the stock charts of Kellogg Company (NYSE:), DISH Network (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth a closer look. • For the better part of late last year and early this year, a falling resistance line plotted in yellow on the daily chart continued to drive lower highs.
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American Airlines Group (AAL) Last year was a tough one for American Airlines Group shareholders. Rather, it’s the stock charts of Kellogg Company (NYSE:), DISH Network (NASDAQ:) and American Airlines Group (NASDAQ:) that are worth a closer look. • The first hurdle that needs to be cleared is the falling resistance line that touches all the major peaks going back to September.
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6446.0
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2019-04-11 00:00:00 UTC
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FAA to meet with U.S. airlines, pilot unions on Boeing 737 MAX
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AAL
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https://www.nasdaq.com/articles/faa-meet-us-airlines-pilot-unions-boeing-737-max-2019-04-11
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nan
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By David Shepardson
WASHINGTON, April 11 () - The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots' unions, the agency confirmed.
The meeting with safety representatives from the airlines and unions is set for three hours at FAA headquarters in Washington and will include American Airlines , United Airlines and Southwest Airlines Co and officials from the three unions.
American and United have canceled flights through early June, while Southwest has canceled flights until the end of May because of the 737 MAX grounding.
Boeing said it has reprogrammed software on its 737 MAX passenger jet to prevent erroneous data from triggering an anti-stall system that is under mounting scrutiny following the two deadly nose-down crashes and revised pilot training. On April 1, Boeing said it delayed submitting the proposed revisions to the FAA for approval.
The FAA said the meeting is to help "the FAA to gather facts, information, and individual views to further understand their views as FAA decides what needs to be done before returning the aircraft to service." The FAA added it "continues to gather all available information and data in considering the return of the 737 MAX to service."
Dennis Tajer, spokesman for the Allied Pilots Association that represents pilots at American Airlines, said he expected the union would be able to "provide feedback and input regarding pilot training related to the 737 MAX." The airlines did not immediately comment.
Federal prosecutors aided by the FBI, the Transportation Department inspector general's office and a blue-ribbon panel are also reviewing the plane's certification and other issues surrounding the 737 MAX.
Lawmakers and the National Transportation Safety Board are also reviewing the FAA's certification process that delegates some tasks to the airplane manufacturers.
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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Boeing said it has reprogrammed software on its 737 MAX passenger jet to prevent erroneous data from triggering an anti-stall system that is under mounting scrutiny following the two deadly nose-down crashes and revised pilot training. Federal prosecutors aided by the FBI, the Transportation Department inspector general's office and a blue-ribbon panel are also reviewing the plane's certification and other issues surrounding the 737 MAX. Lawmakers and the National Transportation Safety Board are also reviewing the FAA's certification process that delegates some tasks to the airplane manufacturers.
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By David Shepardson WASHINGTON, April 11 () - The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots' unions, the agency confirmed. The meeting with safety representatives from the airlines and unions is set for three hours at FAA headquarters in Washington and will include American Airlines , United Airlines and Southwest Airlines Co and officials from the three unions. Dennis Tajer, spokesman for the Allied Pilots Association that represents pilots at American Airlines, said he expected the union would be able to "provide feedback and input regarding pilot training related to the 737 MAX."
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By David Shepardson WASHINGTON, April 11 () - The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots' unions, the agency confirmed. The meeting with safety representatives from the airlines and unions is set for three hours at FAA headquarters in Washington and will include American Airlines , United Airlines and Southwest Airlines Co and officials from the three unions. The FAA said the meeting is to help "the FAA to gather facts, information, and individual views to further understand their views as FAA decides what needs to be done before returning the aircraft to service."
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The meeting with safety representatives from the airlines and unions is set for three hours at FAA headquarters in Washington and will include American Airlines , United Airlines and Southwest Airlines Co and officials from the three unions. The FAA said the meeting is to help "the FAA to gather facts, information, and individual views to further understand their views as FAA decides what needs to be done before returning the aircraft to service." Dennis Tajer, spokesman for the Allied Pilots Association that represents pilots at American Airlines, said he expected the union would be able to "provide feedback and input regarding pilot training related to the 737 MAX."
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6447.0
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2019-04-10 00:00:00 UTC
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U.S. transport chief defends FAA decision to not immediately ground Boeing 737 MAX
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AAL
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https://www.nasdaq.com/articles/us-transport-chief-defends-faa-decision-not-immediately-ground-boeing-737-max-2019-04-10
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nan
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WASHINGTON, April 10 () - U.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Aviation Administration's decision to not immediately ground the Boeing 737 MAX fleet after a deadly crash in March of an airplane in Ethiopia, the second in months.
Chao also said the FAA will "thoroughly review" Boeing's final software upgrade package and training revisions once the airplane manufacturer submits it. "The department's goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety," Chao told a U.S. House panel.
She said the FAA's decision to ground the plane was "fact based" and came after new satellite data and wreckage was examined.
Last week, the FAA said it was establishing a Joint Authorities Technical Review "to ensure the safety of the Boeing 737 MAX" and scrutinize anti-stall software that has been questioned.
The review chaired by former National Transportation Safety Board chairman Christopher Hart is comprised of a team of experts from the FAA, NASA, and international aviation authorities. reported Tuesday that China, Indonesia, the European Union Aviation Safety Agency, Brazil and others are taking part in the review, expected to last about three months.
More than 300 Boeing 737 MAX jets have been grounded worldwide after the two crashes - in Indonesia in October and in Ethiopia last month - killed nearly 350 people.
American Airlines and United Airlines this week extended flight cancellations due to the 737 MAX grounding until early June.
The FAA has for decades delegated some certification duties to Boeing and other manufacturers.
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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WASHINGTON, April 10 () - U.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Aviation Administration's decision to not immediately ground the Boeing 737 MAX fleet after a deadly crash in March of an airplane in Ethiopia, the second in months. The review chaired by former National Transportation Safety Board chairman Christopher Hart is comprised of a team of experts from the FAA, NASA, and international aviation authorities. reported Tuesday that China, Indonesia, the European Union Aviation Safety Agency, Brazil and others are taking part in the review, expected to last about three months.
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"The department's goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety," Chao told a U.S. House panel. Last week, the FAA said it was establishing a Joint Authorities Technical Review "to ensure the safety of the Boeing 737 MAX" and scrutinize anti-stall software that has been questioned. American Airlines and United Airlines this week extended flight cancellations due to the 737 MAX grounding until early June.
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WASHINGTON, April 10 () - U.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Aviation Administration's decision to not immediately ground the Boeing 737 MAX fleet after a deadly crash in March of an airplane in Ethiopia, the second in months. "The department's goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety," Chao told a U.S. House panel. Last week, the FAA said it was establishing a Joint Authorities Technical Review "to ensure the safety of the Boeing 737 MAX" and scrutinize anti-stall software that has been questioned.
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WASHINGTON, April 10 () - U.S. Transportation Secretary Elaine Chao on Wednesday defended the Federal Aviation Administration's decision to not immediately ground the Boeing 737 MAX fleet after a deadly crash in March of an airplane in Ethiopia, the second in months. Chao also said the FAA will "thoroughly review" Boeing's final software upgrade package and training revisions once the airplane manufacturer submits it. "The department's goal is to ensure public trust in aviation safety and preserve the preeminence of the United States as the gold standard in aviation safety," Chao told a U.S. House panel.
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6448.0
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2019-04-10 00:00:00 UTC
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Wall Street set to open slightly higher, focus shifts to Fed minutes
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AAL
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https://www.nasdaq.com/articles/wall-street-set-open-slightly-higher-focus-shifts-fed-minutes-2019-04-10
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By Sruthi Shankar
April 10 () - Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season.
The S&P 500 ended its eight-day rally on Tuesday after U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European goods, opening a new front in his global trade war.
The U.S. central bank will release minutes from its March meeting at 2:00 p.m. ET (1800 GMT) that would give an insight into the Fed's thinking behind its move to suspend rate hikes this year.
"I'm not expecting any surprises from the minutes. The Fed situation for the time being is in the best possible condition and it's just a matter of waiting for the earnings," said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey.
Data showed U.S. consumer prices increased by the most in 14 months in March, but underlying inflation remained benign against the backdrop of slowing domestic and global economic growth.
The Labor Department said its Consumer Price Index rose 0.4%, the biggest advance since January 2018, while economists polled by expected a 0.3% rise.
The European Central Bank kept its ultra-easy monetary policy unchanged as expected on Wednesday, giving recent stimulus measures time to work their way into the economy and counter spreading global gloom.
Earnings season begins in earnest on Friday when JPMorgan Chase & Co and Wells Fargo & Co report quarterly results.
In the wake of the Fed's cautious shift and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting earnings growth of 1.9%, down from 8.2% forecast six months ago, according to Refinitiv data.
However, lower earnings expectations from this quarter could be a catalyst for a rally that began a decade ago, analysts say. The S&P 500 has risen 14.8% so far this year and is now just 1.8% below its record closing high hit on Sept. 20.
At 8:40 a.m. ET, Dow e-minis were up 14 points, or 0.05%. S&P 500 e-minis were up 3 points, or 0.1% and Nasdaq 100 e-minis were up 4.75 points, or 0.06%.
Levi Strauss & Co jumped 6.9% in premarket trading. The jeans maker posted a 7% rise in quarterly revenue after returning to public markets last month, driven by its strategy to invest in its retail stores and online business.
Delta Air Lines Co rose 2.4% after the carrier forecast second-quarter profit and reported first-quarter earnings above expectations.
Fellow carriers, United Continental Holdings, American Airlines Group Inc and Southwest Airlines Co climbed between 0.8% and 1.2%.
Advanced Micro Devices Inc climbed 1.0% after Cowen and Co raised its price target on the chipmaker's shares and said it was in a better competitive position than Intel Corp.
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 Sruthi Shankar April 10 () - Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The S&P 500 ended its eight-day rally on Tuesday after U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European goods, opening a new front in his global trade war. The European Central Bank kept its ultra-easy monetary policy unchanged as expected on Wednesday, giving recent stimulus measures time to work their way into the economy and counter spreading global gloom.
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The U.S. central bank will release minutes from its March meeting at 2:00 p.m. The European Central Bank kept its ultra-easy monetary policy unchanged as expected on Wednesday, giving recent stimulus measures time to work their way into the economy and counter spreading global gloom. In the wake of the Fed's cautious shift and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting earnings growth of 1.9%, down from 8.2% forecast six months ago, according to Refinitiv data.
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By Sruthi Shankar April 10 () - Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The European Central Bank kept its ultra-easy monetary policy unchanged as expected on Wednesday, giving recent stimulus measures time to work their way into the economy and counter spreading global gloom. In the wake of the Fed's cautious shift and the subsequent drop in 10-year Treasury yields, S&P 500 banks are seen posting earnings growth of 1.9%, down from 8.2% forecast six months ago, according to Refinitiv data.
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The S&P 500 ended its eight-day rally on Tuesday after U.S. President Donald Trump threatened to impose tariffs on $11 billion worth of European goods, opening a new front in his global trade war. The U.S. central bank will release minutes from its March meeting at 2:00 p.m. ET (1800 GMT) that would give an insight into the Fed's thinking behind its move to suspend rate hikes this year.
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6449.0
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2019-04-10 00:00:00 UTC
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Delta Air Lines forecasts upbeat second quarter, shares rise 3 pct
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AAL
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https://www.nasdaq.com/articles/delta-air-lines-forecasts-upbeat-second-quarter-shares-rise-3-pct-2019-04-10
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nan
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nan
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By Tracy Rucinski and Rachit Vats
April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co.
The No. 2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue.
"Demand for Delta's product has never been stronger," President Glen Hauenstein in a statement.
Shares rose 1.6 percent to close at $57.86 midday, off a session high of $58.95.
So far this year, Atlanta-based Delta's stock has outperformed U.S. rivals that own the Boeing 737 MAX, which was grounded worldwide in March following two fatal crashes.
Southwest Airlines Co, which has the world's largest MAX fleet with 34 jets, has cut its 2019 financial outlook, while American Airlines Group Inc trimmed its first-quarter revenue forecast on Tuesday after cancelling 1,200 flights due to the MAX grounding in the United States.
Delta did not update its own 2019 profit target but executives said on a conference call they were "cautiously optimistic" that earnings would come in toward the top-end of guidance.
Chief Executive Ed Bastian declined to comment on whether the carrier was picking up customers from competitors that are cancelling flights due to the MAX suspension.
Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
The carrier forecast total unit revenue, a closely-watched measurement of revenues per available seat mile, to increase 1.5 percent to 3.5 percent in the second quarter.
"We think Delta's relatively higher share of business travelers, unit revenue premium to peers and stronger-than-peer cash generation argue for a premium valuation," said CFRA analyst Jim Corridore.
Net income rose to $730 million in the first quarter ended March 31 from $557 million a year earlier. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
The results relieved investor concerns about the impact of a U.S. government shutdown in January and severe weather during the period.
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 Tracy Rucinski and Rachit Vats April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co. So far this year, Atlanta-based Delta's stock has outperformed U.S. rivals that own the Boeing 737 MAX, which was grounded worldwide in March following two fatal crashes. Chief Executive Ed Bastian declined to comment on whether the carrier was picking up customers from competitors that are cancelling flights due to the MAX suspension.
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2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Southwest Airlines Co, which has the world's largest MAX fleet with 34 jets, has cut its 2019 financial outlook, while American Airlines Group Inc trimmed its first-quarter revenue forecast on Tuesday after cancelling 1,200 flights due to the MAX grounding in the United States. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
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By Tracy Rucinski and Rachit Vats April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co. 2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
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2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Shares rose 1.6 percent to close at $57.86 midday, off a session high of $58.95. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
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6450.0
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2019-04-10 00:00:00 UTC
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American Airlines Begins Expanding at Its Biggest Hubs
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AAL
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https://www.nasdaq.com/articles/american-airlines-begins-expanding-its-biggest-hubs-2019-04-10
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nan
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Last week, American Airlines (NASDAQ: AAL) began new routes from its hub at Dallas-Fort Worth International Airport (DFW) to four small cities: Monterey, Burbank, and San Luis Obispo, California; and Flagstaff, Arizona. These new routes are particularly significant because they mark one of the first steps in a major expansion by American Airlines at its two largest hubs: DFW and Charlotte.
Indeed, American Airlines plans to operate 905 peak-day departures at DFW by July -- up from 809 a year earlier -- as it gains access to 15 additional gates. A smaller increase in departures is coming in Charlotte later this year. Management expects growth at the carrier's two largest and most profitable hubs to drive a much-needed turnaround at American Airlines.
Big hubs generate high margins
Large network carriers like American Airlines have higher costs than discount airlines. Their main competitive advantage is the ability to fly to small cities (where competition is limited and fares are high) and offer connecting service to destinations around the world. By clustering as many flights as possible in a single "bank" at a hub, network carriers can maximize the number of potential connecting itineraries, driving high unit revenue.
This provided the formula for strong profit growth at United Continental (NASDAQ: UAL) last year. United Airlines accelerated its capacity growth -- with a particular focus on small cities -- and "rebanked" several of its hubs to facilitate more connections. While many people doubted this strategy at first (including me), it worked wonders for United.
More evidence for the power of big hubs comes from American Airlines' own performance. Between mid-2017 and mid-2018, the carrier achieved a 13.1% pre-tax margin across its three most profitable hubs -- including both DFW and Charlotte, as well as Washington, D.C.'s Reagan National Airport -- compared to a 7.5% system average pre-tax margin.
American Airlines' two largest hubs are among its most profitable. Image source: American Airlines.
In recent years, gate and slot constraints had prevented American Airlines from expanding much at these high-margin airports. However, that's about to change.
New routes and additional frequencies coming
American Airlines expects to gain access to its 15 extra gates at DFW this quarter, enabling it to begin new routes to numerous small cities, while also adding flights on existing routes.
The carrier's expansion at DFW Airport actually began last month, with new daily routes to Augusta, Georgia; Gainesville, Florida; Yuma, Arizona; and Bakersfield, California. The San Luis Obispo, Burbank, Monterey, and Flagstaff routes followed last week.
The growth spurt isn't over yet. Daily summer season flights to Myrtle Beach, South Carolina will start in May. And more than half a dozen additional routes will launch in June, connecting DFW to Kalispell, Montana; Harrisburg, Pennsylvania; Santa Rosa, California; Durango, Mexico; Santo Domingo, Dominican Republic; and San Pedro Sula and Tegucigalpa, Honduras. (Some of those routes will operate less than daily or seasonally.)
American Airlines is adding numerous new routes to small cities this quarter. Image source: American Airlines.
These new small-city routes will be complemented by additional frequencies to some cities that American Airlines already serves from DFW. This will lead to a big increase in connectivity. If United Airlines' 2018 results are any indication, this growth plan could drive strong margin expansion for American in the second half of 2019.
American Airlines will do the same thing on a smaller scale in Charlotte later this year, as it will get access to five additional gates there by year-end. This should unlock additional profit growth in 2020.
A much-needed catalyst
Right now, American Airlines is struggling. On Tuesday, the carrier said it expects to report unit revenue growth in the lower half of its original guidance range for the first quarter. As a result, American lowered its pre-tax margin forecast by 0.5 percentage points, to a new range of 2% to 4%. That would compare to an adjusted pre-tax margin of 4.5% in Q1 2018.
The government shutdown is partly to blame for this poor result. The recent grounding of the Boeing 737 MAX -- of which American Airlines has 24, with 40 expected by year-end -- and the temporary removal of 14 737-800s from the carrier's fleet because of problems with their interiors added to its woes.
Fortunately, the government shutdown impact will be limited to the first quarter, and all of the 737-800s should be back in the air by the end of April. The 737 MAX fleet will probably be out of service for several months, though, weighing on American Airlines' profitability.
In this context, increased small-city service from DFW Airport -- American's largest hub -- could provide a desperately needed earnings catalyst over the next couple of quarters. And if all goes well, profit growth could accelerate later this year and into 2020, as American Airlines expands in Charlotte (its No. 2 hub) and its 737 MAX fleet is cleared to fly again.
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Adam Levine-Weinberg is long January 2020 $20 calls on American Airlines Group. The Motley Fool has no position in any of the stocks mentioned. 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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Last week, American Airlines (NASDAQ: AAL) began new routes from its hub at Dallas-Fort Worth International Airport (DFW) to four small cities: Monterey, Burbank, and San Luis Obispo, California; and Flagstaff, Arizona. The carrier's expansion at DFW Airport actually began last month, with new daily routes to Augusta, Georgia; Gainesville, Florida; Yuma, Arizona; and Bakersfield, California. And more than half a dozen additional routes will launch in June, connecting DFW to Kalispell, Montana; Harrisburg, Pennsylvania; Santa Rosa, California; Durango, Mexico; Santo Domingo, Dominican Republic; and San Pedro Sula and Tegucigalpa, Honduras.
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Last week, American Airlines (NASDAQ: AAL) began new routes from its hub at Dallas-Fort Worth International Airport (DFW) to four small cities: Monterey, Burbank, and San Luis Obispo, California; and Flagstaff, Arizona. New routes and additional frequencies coming American Airlines expects to gain access to its 15 extra gates at DFW this quarter, enabling it to begin new routes to numerous small cities, while also adding flights on existing routes. In this context, increased small-city service from DFW Airport -- American's largest hub -- could provide a desperately needed earnings catalyst over the next couple of quarters.
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Last week, American Airlines (NASDAQ: AAL) began new routes from its hub at Dallas-Fort Worth International Airport (DFW) to four small cities: Monterey, Burbank, and San Luis Obispo, California; and Flagstaff, Arizona. Big hubs generate high margins Large network carriers like American Airlines have higher costs than discount airlines. New routes and additional frequencies coming American Airlines expects to gain access to its 15 extra gates at DFW this quarter, enabling it to begin new routes to numerous small cities, while also adding flights on existing routes.
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Last week, American Airlines (NASDAQ: AAL) began new routes from its hub at Dallas-Fort Worth International Airport (DFW) to four small cities: Monterey, Burbank, and San Luis Obispo, California; and Flagstaff, Arizona. American Airlines' two largest hubs are among its most profitable. If United Airlines' 2018 results are any indication, this growth plan could drive strong margin expansion for American in the second half of 2019.
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6451.0
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2019-04-10 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Levi Strauss, Starbucks, Walt Disney, Amgen
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-levi-strauss-starbucks-walt-disney-amgen-2019-04-10
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season.
The top three NYSE percentage gainers premarket:
** Global Brass and Copper Holdings Inc, up 25.8 pct
** Tempur Sealy International Inc, up 7.6 pct
** Netshoes (Cayman) Limited, up 6.9 pct
The top two NYSE percentage losers premarket:
** Calix Inc, down 14.6 pct
** Babcock & Wilcox Enterprises Inc, down 9.2 pct
The top three Nasdaq percentage gainers premarket:
** Vantage Energy Acquisition Corp, up 143.9 pct
** Inpixon, up 39.1 pct
** Ata Inc, up 28.3 pct
The top three Nasdaq percentage losers premarket:
** Helius Medical Technologies Inc, down 53.5 pct
** Cemtrex Inc, down 47.4 pct
** Outlook Therapeutics Inc., down 27 pct
** Levi Strauss & Co: up 6.7 pct premarket
Levi Strauss & Co: Rises in first quarterly report since IPO
** PolarityTE Inc: down 11.0 pct premarket
PolarityTE: Slides on stock deal plans
** WD-40 Co: down 4.4 pct premarket
WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook
** Phasebio Pharmaceuticals Inc: down 5.5 pct premarket
PhaseBio Pharmaceuticals Inc: Dips on planned stock offering
** Royal Caribbean Cruises Ltd: up 1.0 pct premarket
JPM sees robust cruise demand this year, Royal Caribbean on course
** Nordstrom Inc: up 1.9 pct premarket
Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient
** Starbucks Corp: up 0.5 pct premarket
Chipotle: Bullish Wall St hikes PT for the sixth time since March
** Walt Disney Co: up 0.7 pct premarket
Disney: Top BMO analyst upgrades ahead of investor day
** Delta Air Lines Inc: up 2.9 pct premarket
** American Express Co: up 0.2 pct premarket
** United Continental Holdings Inc: up 1.1 pct premarket
** American Airlines Group Inc: up 1.0 pct premarket
Delta Air breathes life into other airlines after strong profit forecast
** Amgen Inc: up 1.2 pct premarket
Amgen: Up as FDA approves postmenopausal osteoporosis treatment
** Avinger Inc: up 22.4 pct premarket
Avinger: Jumps as minimally invasive heart device gets FDA approval
** JetBlue Airways Corp: up 3.4 pct premarket
JetBlue: Rises on better March traffic, expected transatlantic service
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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The top three NYSE percentage gainers premarket: ** Global Brass and Copper Holdings Inc, up 25.8 pct ** Tempur Sealy International Inc, up 7.6 pct ** Netshoes (Cayman) Limited, up 6.9 pct The top two NYSE percentage losers premarket: ** Calix Inc, down 14.6 pct ** Babcock & Wilcox Enterprises Inc, down 9.2 pct The top three Nasdaq percentage gainers premarket: ** Vantage Energy Acquisition Corp, up 143.9 pct ** Inpixon, up 39.1 pct ** Ata Inc, up 28.3 pct The top three Nasdaq percentage losers premarket: ** Helius Medical Technologies Inc, down 53.5 pct ** Cemtrex Inc, down 47.4 pct ** Outlook Therapeutics Inc., down 27 pct ** Levi Strauss & Co: up 6.7 pct premarket Levi Strauss & Co: Rises in first quarterly report since IPO ** PolarityTE Inc: down 11.0 pct premarket PolarityTE: Slides on stock deal plans ** WD-40 Co: down 4.4 pct premarket WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 5.5 pct premarket PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Royal Caribbean Cruises Ltd: up 1.0 pct premarket JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 1.9 pct premarket Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Starbucks Corp: up 0.5 pct premarket Chipotle: Bullish Wall St hikes PT for the sixth time since March ** Walt Disney Co: up 0.7 pct premarket Disney: Top BMO analyst upgrades ahead of investor day ** Delta Air Lines Inc: up 2.9 pct premarket ** American Express Co: up 0.2 pct premarket ** United Continental Holdings Inc: up 1.1 pct premarket ** American Airlines Group Inc: up 1.0 pct premarket Delta Air breathes life into other airlines after strong profit forecast ** Amgen Inc: up 1.2 pct premarket Amgen: Up as FDA approves postmenopausal osteoporosis treatment ** Avinger Inc: up 22.4 pct premarket Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct premarket JetBlue: Rises on better March traffic, expected transatlantic service 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The top three NYSE percentage gainers premarket: ** Global Brass and Copper Holdings Inc, up 25.8 pct ** Tempur Sealy International Inc, up 7.6 pct ** Netshoes (Cayman) Limited, up 6.9 pct The top two NYSE percentage losers premarket: ** Calix Inc, down 14.6 pct ** Babcock & Wilcox Enterprises Inc, down 9.2 pct The top three Nasdaq percentage gainers premarket: ** Vantage Energy Acquisition Corp, up 143.9 pct ** Inpixon, up 39.1 pct ** Ata Inc, up 28.3 pct The top three Nasdaq percentage losers premarket: ** Helius Medical Technologies Inc, down 53.5 pct ** Cemtrex Inc, down 47.4 pct ** Outlook Therapeutics Inc., down 27 pct ** Levi Strauss & Co: up 6.7 pct premarket Levi Strauss & Co: Rises in first quarterly report since IPO ** PolarityTE Inc: down 11.0 pct premarket PolarityTE: Slides on stock deal plans ** WD-40 Co: down 4.4 pct premarket WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 5.5 pct premarket PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Royal Caribbean Cruises Ltd: up 1.0 pct premarket JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 1.9 pct premarket Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Starbucks Corp: up 0.5 pct premarket Chipotle: Bullish Wall St hikes PT for the sixth time since March ** Walt Disney Co: up 0.7 pct premarket Disney: Top BMO analyst upgrades ahead of investor day ** Delta Air Lines Inc: up 2.9 pct premarket ** American Express Co: up 0.2 pct premarket ** United Continental Holdings Inc: up 1.1 pct premarket ** American Airlines Group Inc: up 1.0 pct premarket Delta Air breathes life into other airlines after strong profit forecast ** Amgen Inc: up 1.2 pct premarket Amgen: Up as FDA approves postmenopausal osteoporosis treatment ** Avinger Inc: up 22.4 pct premarket Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct premarket JetBlue: Rises on better March traffic, expected transatlantic service 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The top three NYSE percentage gainers premarket: ** Global Brass and Copper Holdings Inc, up 25.8 pct ** Tempur Sealy International Inc, up 7.6 pct ** Netshoes (Cayman) Limited, up 6.9 pct The top two NYSE percentage losers premarket: ** Calix Inc, down 14.6 pct ** Babcock & Wilcox Enterprises Inc, down 9.2 pct The top three Nasdaq percentage gainers premarket: ** Vantage Energy Acquisition Corp, up 143.9 pct ** Inpixon, up 39.1 pct ** Ata Inc, up 28.3 pct The top three Nasdaq percentage losers premarket: ** Helius Medical Technologies Inc, down 53.5 pct ** Cemtrex Inc, down 47.4 pct ** Outlook Therapeutics Inc., down 27 pct ** Levi Strauss & Co: up 6.7 pct premarket Levi Strauss & Co: Rises in first quarterly report since IPO ** PolarityTE Inc: down 11.0 pct premarket PolarityTE: Slides on stock deal plans ** WD-40 Co: down 4.4 pct premarket WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 5.5 pct premarket PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Royal Caribbean Cruises Ltd: up 1.0 pct premarket JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 1.9 pct premarket Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Starbucks Corp: up 0.5 pct premarket Chipotle: Bullish Wall St hikes PT for the sixth time since March ** Walt Disney Co: up 0.7 pct premarket Disney: Top BMO analyst upgrades ahead of investor day ** Delta Air Lines Inc: up 2.9 pct premarket ** American Express Co: up 0.2 pct premarket ** United Continental Holdings Inc: up 1.1 pct premarket ** American Airlines Group Inc: up 1.0 pct premarket Delta Air breathes life into other airlines after strong profit forecast ** Amgen Inc: up 1.2 pct premarket Amgen: Up as FDA approves postmenopausal osteoporosis treatment ** Avinger Inc: up 22.4 pct premarket Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct premarket JetBlue: Rises on better March traffic, expected transatlantic service 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 Day Ahead newsletter: The Morning News Call newsletter: Wall Street was set for a slightly higher open on Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. The top three NYSE percentage gainers premarket: ** Global Brass and Copper Holdings Inc, up 25.8 pct ** Tempur Sealy International Inc, up 7.6 pct ** Netshoes (Cayman) Limited, up 6.9 pct The top two NYSE percentage losers premarket: ** Calix Inc, down 14.6 pct ** Babcock & Wilcox Enterprises Inc, down 9.2 pct The top three Nasdaq percentage gainers premarket: ** Vantage Energy Acquisition Corp, up 143.9 pct ** Inpixon, up 39.1 pct ** Ata Inc, up 28.3 pct The top three Nasdaq percentage losers premarket: ** Helius Medical Technologies Inc, down 53.5 pct ** Cemtrex Inc, down 47.4 pct ** Outlook Therapeutics Inc., down 27 pct ** Levi Strauss & Co: up 6.7 pct premarket Levi Strauss & Co: Rises in first quarterly report since IPO ** PolarityTE Inc: down 11.0 pct premarket PolarityTE: Slides on stock deal plans ** WD-40 Co: down 4.4 pct premarket WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 5.5 pct premarket PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Royal Caribbean Cruises Ltd: up 1.0 pct premarket JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 1.9 pct premarket Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Starbucks Corp: up 0.5 pct premarket Chipotle: Bullish Wall St hikes PT for the sixth time since March ** Walt Disney Co: up 0.7 pct premarket Disney: Top BMO analyst upgrades ahead of investor day ** Delta Air Lines Inc: up 2.9 pct premarket ** American Express Co: up 0.2 pct premarket ** United Continental Holdings Inc: up 1.1 pct premarket ** American Airlines Group Inc: up 1.0 pct premarket Delta Air breathes life into other airlines after strong profit forecast ** Amgen Inc: up 1.2 pct premarket Amgen: Up as FDA approves postmenopausal osteoporosis treatment ** Avinger Inc: up 22.4 pct premarket Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct premarket JetBlue: Rises on better March traffic, expected transatlantic service 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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6452.0
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2019-04-10 00:00:00 UTC
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US STOCKS-Wall Street set to open slightly higher, focus shifts to Fed minutes
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-set-open-slightly-higher-focus-shifts-fed-minutes-2019-04-10
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.)
* Delta rises on upbeat quarterly forecast
* Fed's minutes from March meeting due at 2 pm ET
* Futures up: Dow 0.05%, S&P 0.10%, Nasdaq 0.06% (Adds comments, updates prices)
By Sruthi Shankar
April 10 (Reuters) - Wall Street was set for a slightlyhigher open on Wednesday after a bout of selling on trade andgrowth concerns, with investors awaiting minutes from theFederal Reserve's latest meeting and the start of the corporateearnings season.
The S&P 500 .SPX ended its eight-day rally on Tuesdayafter U.S. President Donald Trump threatened to impose tariffson $11 billion worth of European goods, opening a new front inhis global trade war.
The International Monetary Fund's global growth forecast cutalso added to the gloom, with investors now hoping forbetter-than-feared first-quarter earnings reports and a dovishFed to keep up the momentum in the market.
The U.S. central bank will release minutes from its Marchmeeting at 2:00 p.m. ET (1800 GMT) that would give an insightinto the Fed's thinking behind its move to suspend rate hikesthis year.
"I'm not expecting any surprises from the minutes. The Fedsituation for the time being is in the best possible conditionand it's just a matter of waiting for the earnings," said AndreBakhos, managing director at New Vines Capital LLC inBernardsville, New Jersey.
Data showed U.S. consumer prices increased by the most in 14months in March, but underlying inflation remained benignagainst the backdrop of slowing domestic and global economicgrowth.
The Labor Department said its Consumer Price Index rose0.4%, the biggest advance since January 2018, while economistspolled by Reuters expected a 0.3% rise.
The European Central Bank kept its ultra-easy monetarypolicy unchanged as expected on Wednesday, giving recentstimulus measures time to work their way into the economy andcounter spreading global gloom.
Earnings season begins in earnest on Friday when JPMorganChase & Co JPM.N and Wells Fargo & CoWFC.N report quarterlyresults.
In the wake of the Fed's cautious shift and the subsequentdrop in 10-year Treasury yields, S&P 500 banks are seen postingearnings growth of 1.9%, down from 8.2% forecast six months ago,according to Refinitiv data.
However, lower earnings expectations from this quarter couldbe a catalyst for a rally that began a decade ago, analysts say.The S&P 500 has risen 14.8% so far this year and is now just1.8% below its record closing high hit on Sept. 20.
At 8:40 a.m. ET, Dow e-minis 1YMc1 were up 14 points, or0.05%. S&P 500 e-minis ESc1 were up 3 points, or 0.1% andNasdaq 100 e-minis NQc1 were up 4.75 points, or 0.06%.
Levi Strauss & CoLEVI.N jumped 6.9% in premarket trading.The jeans maker posted a 7% rise in quarterly revenue afterreturning to public markets last month, driven by its strategyto invest in its retail stores and online business.
Delta Air Lines Co DAL.N rose 2.4% after the carrierforecast second-quarter profit and reported first-quarterearnings above expectations.
Fellow carriers, United Continental HoldingsUAL.O ,American Airlines Group IncAAL.O and Southwest Airlines CoLUV.N climbed between 0.8% and 1.2%.
Advanced Micro Devices IncAMD.O climbed 1.0% after Cowenand Co raised its price target on the chipmaker's shares andsaid it was in a better competitive position than Intel CorpINTC.O . (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru;Editing by Anil D'Silva) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.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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Fellow carriers, United Continental HoldingsUAL.O ,American Airlines Group IncAAL.O and Southwest Airlines CoLUV.N climbed between 0.8% and 1.2%. The S&P 500 .SPX ended its eight-day rally on Tuesdayafter U.S. President Donald Trump threatened to impose tariffson $11 billion worth of European goods, opening a new front inhis global trade war. The International Monetary Fund's global growth forecast cutalso added to the gloom, with investors now hoping forbetter-than-feared first-quarter earnings reports and a dovishFed to keep up the momentum in the market.
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Fellow carriers, United Continental HoldingsUAL.O ,American Airlines Group IncAAL.O and Southwest Airlines CoLUV.N climbed between 0.8% and 1.2%. * Delta rises on upbeat quarterly forecast * Fed's minutes from March meeting due at 2 pm ET * Futures up: Dow 0.05%, S&P 0.10%, Nasdaq 0.06% (Adds comments, updates prices) By Sruthi Shankar April 10 (Reuters) - Wall Street was set for a slightlyhigher open on Wednesday after a bout of selling on trade andgrowth concerns, with investors awaiting minutes from theFederal Reserve's latest meeting and the start of the corporateearnings season. The International Monetary Fund's global growth forecast cutalso added to the gloom, with investors now hoping forbetter-than-feared first-quarter earnings reports and a dovishFed to keep up the momentum in the market.
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Fellow carriers, United Continental HoldingsUAL.O ,American Airlines Group IncAAL.O and Southwest Airlines CoLUV.N climbed between 0.8% and 1.2%. * Delta rises on upbeat quarterly forecast * Fed's minutes from March meeting due at 2 pm ET * Futures up: Dow 0.05%, S&P 0.10%, Nasdaq 0.06% (Adds comments, updates prices) By Sruthi Shankar April 10 (Reuters) - Wall Street was set for a slightlyhigher open on Wednesday after a bout of selling on trade andgrowth concerns, with investors awaiting minutes from theFederal Reserve's latest meeting and the start of the corporateearnings season. The International Monetary Fund's global growth forecast cutalso added to the gloom, with investors now hoping forbetter-than-feared first-quarter earnings reports and a dovishFed to keep up the momentum in the market.
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Fellow carriers, United Continental HoldingsUAL.O ,American Airlines Group IncAAL.O and Southwest Airlines CoLUV.N climbed between 0.8% and 1.2%. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window.) The U.S. central bank will release minutes from its Marchmeeting at 2:00 p.m.
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6453.0
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2019-04-10 00:00:00 UTC
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Company News For Apr 10, 2019
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AAL
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https://www.nasdaq.com/articles/company-news-for-apr-10-2019-2019-04-10-0
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Wynn Resorts Ltd.'s WYNN shares tumbled 3.8% following news that the company has cancelled its proposed takeover of Australia's Crown Resorts for $7.1 billion
Shares of Avaya Holdings Corp. AVYA soared 4.2% following news that the company is planning an auction to sell itself after receiving unsolicited interest from potential buyers
American Airlines Group Inc. AAL shares declined 1.7% after the company said its first quarter revenue per available seat will remain flat to up 1% compared with the prior range of flat to a 2% increase
Shares of Principal Financial Group Inc. PFG decreased 2.9% after the company entered a into $1.2 billion deal to acquire the retirement-plan business of Wells Fargo & Co. WFC
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American Airlines Group Inc. (AAL): Free Stock Analysis Report
Wynn Resorts, Limited (WYNN): Free Stock Analysis Report
Wells Fargo & Company (WFC): Free Stock Analysis Report
Principal Financial Group, Inc. (PFG): Free Stock Analysis Report
Avaya Holdings Corp. (AVYA): 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.
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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Wynn Resorts Ltd.'s WYNN shares tumbled 3.8% following news that the company has cancelled its proposed takeover of Australia's Crown Resorts for $7.1 billion Shares of Avaya Holdings Corp. AVYA soared 4.2% following news that the company is planning an auction to sell itself after receiving unsolicited interest from potential buyers American Airlines Group Inc. AAL shares declined 1.7% after the company said its first quarter revenue per available seat will remain flat to up 1% compared with the prior range of flat to a 2% increase Shares of Principal Financial Group Inc. PFG decreased 2.9% after the company entered a into $1.2 billion deal to acquire the retirement-plan business of Wells Fargo & Co. WFC Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report Avaya Holdings Corp. (AVYA): 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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Wynn Resorts Ltd.'s WYNN shares tumbled 3.8% following news that the company has cancelled its proposed takeover of Australia's Crown Resorts for $7.1 billion Shares of Avaya Holdings Corp. AVYA soared 4.2% following news that the company is planning an auction to sell itself after receiving unsolicited interest from potential buyers American Airlines Group Inc. AAL shares declined 1.7% after the company said its first quarter revenue per available seat will remain flat to up 1% compared with the prior range of flat to a 2% increase Shares of Principal Financial Group Inc. PFG decreased 2.9% after the company entered a into $1.2 billion deal to acquire the retirement-plan business of Wells Fargo & Co. WFC Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report Avaya Holdings Corp. (AVYA): 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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Wynn Resorts Ltd.'s WYNN shares tumbled 3.8% following news that the company has cancelled its proposed takeover of Australia's Crown Resorts for $7.1 billion Shares of Avaya Holdings Corp. AVYA soared 4.2% following news that the company is planning an auction to sell itself after receiving unsolicited interest from potential buyers American Airlines Group Inc. AAL shares declined 1.7% after the company said its first quarter revenue per available seat will remain flat to up 1% compared with the prior range of flat to a 2% increase Shares of Principal Financial Group Inc. PFG decreased 2.9% after the company entered a into $1.2 billion deal to acquire the retirement-plan business of Wells Fargo & Co. WFC Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report Avaya Holdings Corp. (AVYA): 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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Wynn Resorts Ltd.'s WYNN shares tumbled 3.8% following news that the company has cancelled its proposed takeover of Australia's Crown Resorts for $7.1 billion Shares of Avaya Holdings Corp. AVYA soared 4.2% following news that the company is planning an auction to sell itself after receiving unsolicited interest from potential buyers American Airlines Group Inc. AAL shares declined 1.7% after the company said its first quarter revenue per available seat will remain flat to up 1% compared with the prior range of flat to a 2% increase Shares of Principal Financial Group Inc. PFG decreased 2.9% after the company entered a into $1.2 billion deal to acquire the retirement-plan business of Wells Fargo & Co. WFC Want the latest recommendations from Zacks Investment Research? Click to get this free report American Airlines Group Inc. (AAL): Free Stock Analysis Report Wynn Resorts, Limited (WYNN): Free Stock Analysis Report Wells Fargo & Company (WFC): Free Stock Analysis Report Principal Financial Group, Inc. (PFG): Free Stock Analysis Report Avaya Holdings Corp. (AVYA): Free Stock Analysis Report To read this article on Zacks.com click here. Today, you can download 7 Best Stocks for the Next 30 Days.
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6454.0
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2019-04-10 00:00:00 UTC
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JetBlue targets low-fare transatlantic travel with 2021 London launch
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AAL
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https://www.nasdaq.com/articles/jetblue-targets-low-fare-transatlantic-travel-2021-london-launch-2019-04-10
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nan
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By Tracy Rucinski
April 10 (Reuters) - JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday.
The idea is to offer customers a fresh choice on routes where JetBlue President Joanna Geraghty said current competitor fares "are enough to make you blush."
To service the routes, the sixth largest U.S. carrier will convert 13 aircraft in its existing order book for Airbus A321 jets to the longer-range LR version featuring a tailored version of JetBlue's Mint business class product for the single-aisle planes.
The company, which has built a reputation in the United States for more coach leg room than competitors and free broadband internet, has argued for regulators to force slot divestitures at congested airports like London'sHeathrow to create a level playing field for new entrants.
JetBlue will compete against American Airlines Group Inc , Delta Air Lines Inc and United Airlines , which are each part of global airline alliances that largely control the transatlantic market.
The three carriers also have joint ventures with member airlines in Europe that allow them to coordinate prices and schedules and share revenues. They also offer more frequencies and seats than JetBlue envisions, allowing greater flexibility.
A handful of Europe-based budget carriers have tried to penetrate the transatlantic market in recent years, but only cash-strapped Norwegian Air is still standing.
Iceland's WOW, PrimeraAir Nordic, Britain'sFlybmi and Monarch Airlines, and Cypriot carrier Cobalt have all ceased operations in a sector grappling with over-capacity and high fuel costs.
JetBlue has argued in the past that its version of business class, Mint, has driven a 50 percent decline in premium fares on some competing U.S. routes.
"We've always competed against the large legacy competitors and have shown we can do quite well," Geraghty told Reuters in a telephone interview.
Cowen and Co analyst Helane Becker said JetBlue's Mint product suits the Atlantic market, but noted the importance of gaining access at major international airports like London Heathrow, which captures the bulk of transatlantic business travel.
"We believe the A321 long range has a flexible platform and economics that would work in multiple airports," Geraghty said, pointing to Paris, Brussels and Amsterdam as possible European destinations after London.
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 Tracy Rucinski April 10 (Reuters) - JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday. The company, which has built a reputation in the United States for more coach leg room than competitors and free broadband internet, has argued for regulators to force slot divestitures at congested airports like London'sHeathrow to create a level playing field for new entrants. Cowen and Co analyst Helane Becker said JetBlue's Mint product suits the Atlantic market, but noted the importance of gaining access at major international airports like London Heathrow, which captures the bulk of transatlantic business travel.
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To service the routes, the sixth largest U.S. carrier will convert 13 aircraft in its existing order book for Airbus A321 jets to the longer-range LR version featuring a tailored version of JetBlue's Mint business class product for the single-aisle planes. JetBlue has argued in the past that its version of business class, Mint, has driven a 50 percent decline in premium fares on some competing U.S. routes. Cowen and Co analyst Helane Becker said JetBlue's Mint product suits the Atlantic market, but noted the importance of gaining access at major international airports like London Heathrow, which captures the bulk of transatlantic business travel.
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By Tracy Rucinski April 10 (Reuters) - JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday. To service the routes, the sixth largest U.S. carrier will convert 13 aircraft in its existing order book for Airbus A321 jets to the longer-range LR version featuring a tailored version of JetBlue's Mint business class product for the single-aisle planes. JetBlue will compete against American Airlines Group Inc , Delta Air Lines Inc and United Airlines , which are each part of global airline alliances that largely control the transatlantic market.
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By Tracy Rucinski April 10 (Reuters) - JetBlue Airways Corp hopes to break into the low-fare, transatlantic travel market beginning in 2021 with multiple daily flights from New York and Boston to London, its first European destination, the carrier said on Wednesday. The company, which has built a reputation in the United States for more coach leg room than competitors and free broadband internet, has argued for regulators to force slot divestitures at congested airports like London'sHeathrow to create a level playing field for new entrants. JetBlue has argued in the past that its version of business class, Mint, has driven a 50 percent decline in premium fares on some competing U.S. routes.
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6455.0
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2019-04-10 00:00:00 UTC
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Delta lifts 2019 revenue forecast after quarterly beat
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AAL
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https://www.nasdaq.com/articles/delta-lifts-2019-revenue-forecast-after-quarterly-beat-2019-04-10
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nan
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By Tracy Rucinski and Rachit Vats
April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co.
The No. 2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue.
"Demand for Delta's product has never been stronger," President Glen Hauenstein in a statement.
Shares rose 1.6 percent to close at $57.86 midday, off a session high of $58.95.
So far this year, Atlanta-based Delta's stock has outperformed U.S. rivals that own the Boeing 737 MAX, which was grounded worldwide in March following two fatal crashes.
Southwest Airlines Co, which has the world's largest MAX fleet with 34 jets, has cut its 2019 financial outlook, while American Airlines Group Inc trimmed its first-quarter revenue forecast on Tuesday after cancelling 1,200 flights due to the MAX grounding in the United States.
Delta did not update its own 2019 profit target but executives said on a conference call they were "cautiously optimistic" that earnings would come in toward the top-end of guidance.
Chief Executive Ed Bastian declined to comment on whether the carrier was picking up customers from competitors that are cancelling flights due to the MAX suspension.
Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
The carrier forecast total unit revenue, a closely-watched measurement of revenues per available seat mile, to increase 1.5 percent to 3.5 percent in the second quarter.
"We think Delta's relatively higher share of business travelers, unit revenue premium to peers and stronger-than-peer cash generation argue for a premium valuation," said CFRA analyst Jim Corridore.
Net income rose to $730 million in the first quarter ended March 31 from $557 million a year earlier. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
The results relieved investor concerns about the impact of a U.S. government shutdown in January and severe weather during the period.
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 Tracy Rucinski and Rachit Vats April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co. So far this year, Atlanta-based Delta's stock has outperformed U.S. rivals that own the Boeing 737 MAX, which was grounded worldwide in March following two fatal crashes. Chief Executive Ed Bastian declined to comment on whether the carrier was picking up customers from competitors that are cancelling flights due to the MAX suspension.
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2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Southwest Airlines Co, which has the world's largest MAX fleet with 34 jets, has cut its 2019 financial outlook, while American Airlines Group Inc trimmed its first-quarter revenue forecast on Tuesday after cancelling 1,200 flights due to the MAX grounding in the United States. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
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By Tracy Rucinski and Rachit Vats April 10 () - Delta Air Lines Inc on Wednesday lifted its 2019 revenue forecast after reporting better-than-expected quarterly profits, boosted by robust travel demand and a renewed agreement with credit-card issuer American Express Co. 2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
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2 U.S. carrier said it is targeting full-year revenue growth of 5 to 7 percent, an increase from 4 to 6 percent previously, with the American Express deal expected to add about $500 million to 2019 revenue. Shares rose 1.6 percent to close at $57.86 midday, off a session high of $58.95. Delta expects second-quarter profit in the range of $2.05 per share to $2.35 per share, above the average $2.13 per share analysts had estimated, according to IBES data from Refinitiv.
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6456.0
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2019-04-10 00:00:00 UTC
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Delta forecasts second-quarter profit above expectations
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AAL
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https://www.nasdaq.com/articles/delta-forecasts-second-quarter-profit-above-expectations-2019-04-10
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nan
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April 10 () - Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand.
The company said it expects profit for the second quarter to be in the range of $2.05 per share to $2.35 per share.
At the midpoint of the range, the profit forecast was above average analyst estimate of $2.13 per share, according to IBES data from Refinitiv.
The No.2 U.S. carrier's net income rose to $730 million in the first quarter ended March 31 from $557 million a year earlier. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
Total operating revenue rose 5.1 percent to $10.47 billion in the quarter.
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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April 10 () - Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. At the midpoint of the range, the profit forecast was above average analyst estimate of $2.13 per share, according to IBES data from Refinitiv. Total operating revenue rose 5.1 percent to $10.47 billion in the quarter.
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April 10 () - Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share. 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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April 10 () - Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. The company said it expects profit for the second quarter to be in the range of $2.05 per share to $2.35 per share. On an adjusted basis, Delta earned 96 cents per share, beating expectations of 90 cents per share.
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April 10 () - Delta Air Lines Inc forecast second-quarter profit above Wall Street expectations and reported a 31 percent rise in quarterly profit on Wednesday, boosted by a renewed agreement with credit-card issuer American Express and robust travel demand. The company said it expects profit for the second quarter to be in the range of $2.05 per share to $2.35 per share. The No.2 U.S. carrier's net income rose to $730 million in the first quarter ended March 31 from $557 million a year earlier.
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6457.0
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2019-04-10 00:00:00 UTC
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Delta Beats Earnings: What Airlines Should Expect in Upcoming Earnings
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AAL
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https://www.nasdaq.com/articles/delta-beats-earnings-what-airlines-should-expect-upcoming-earnings-2019-04-10-0
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Delta Earnings
Q1 earnings season is on its way and Delta DAL is kicking it off for the airlines. This morning DAL posted earnings of $0.96 per share, 11.6% higher than expected and a 28% increase year-over-year. DAL opened up 3% from yesterday but has traded down since and is now sitting at a 1% gain. Delta Air's CEO Ed Bastian expresses positive forward-looking sentiment, saying that "with the momentum in our business and our American Express contract renewal, we have increased confidence in achieving our full-year plan of top-line growth, margin expansion and double-digi t earnings growth."
Delta saw margin expansion in Q1 with a 0.2% decrease in cost per available seat mile excluding fuel (CASM-Ex) as well as adjusted top-line growth of 7.5% demonstrating both customer loyalty growth and continuous improvement in operational excellence.
Delta is the largest airline in the world by market cap, competing with American Airlines AAL for most market share. This airline operates in more than 50 countries taking passengers to over 300 destinations and serving nearly 200 million people annually.
DAL's earnings sets the tone for the rest of the Airlines earnings releases later this month. Competing airline stocks have tracked DAL this morning, opening high, breaking down, and now regaining momentum. American Airlines is up over 1% this morning and JetBlue Airways JBLU , a smaller player in the space, saw gains of over 3% in this morning's trading.
Delta Trade
The cyclicality of airline stock makes them a useful asset to trade if you can read the markets. You can see the DAL 1-year chart illustrating relatively strong support in the upper $40s and a resistance around $60. These levels will likely increase as the company continues to grow and expand its market share. Keep an eye on oil prices as they have a direct inverse correlation with airline stocks considering it's a substantial variable cost. I would consider buying DAL as it comes closer to $50 and average down until a trough is hit then ride the wave right back up to $60, if fundamentals don't change.
Upcoming Airline Earnings
United Airlines UAL : 4/16
UAL has been effectively flat for the year, underperforming the airline space in 2019, but over the past 52 weeks this stock has seen 30% growth, outperforming the category. United is expect to report $0.94 EPS, which would be 88% growth from Q1 last year. UAL has beat all of the last 6 earnings estimates with positive price reaction from the last 4 reports. UAL is up about 9% over the past 2 weeks demonstrating some possible positive earnings sentiment.
American Airlines Group AAL : 4/25
AAL has lagged in its category so far in 2019. Their expected earnings has dropped 17% over the past 3 months causing this stock to be a Zacks Rank #4 (Sell) going into earnings. Earnings are expected to be $0.58 per share, 22% lower than last year's Q1 EPS but revenue numbers are expected to grow over 2% year-over-year. AAL saw positive price action after the past 3 earnings reports even with missing revenue estimates on 2 of those. Like UAL this stock has jumped 12% over the last 2 weeks illustrating some positive market sentiment going into earnings.
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
JetBlue Airways Corporation (JBLU): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
Delta Air Lines, Inc. (DAL): 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.
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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Delta is the largest airline in the world by market cap, competing with American Airlines AAL for most market share. American Airlines Group AAL : 4/25 AAL has lagged in its category so far in 2019. AAL saw positive price action after the past 3 earnings reports even with missing revenue estimates on 2 of those.
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Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta is the largest airline in the world by market cap, competing with American Airlines AAL for most market share. American Airlines Group AAL : 4/25 AAL has lagged in its category so far in 2019.
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Click to get this free report JetBlue Airways Corporation (JBLU): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report To read this article on Zacks.com click here. Delta is the largest airline in the world by market cap, competing with American Airlines AAL for most market share. American Airlines Group AAL : 4/25 AAL has lagged in its category so far in 2019.
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Delta is the largest airline in the world by market cap, competing with American Airlines AAL for most market share. American Airlines Group AAL : 4/25 AAL has lagged in its category so far in 2019. AAL saw positive price action after the past 3 earnings reports even with missing revenue estimates on 2 of those.
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6458.0
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2019-04-10 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Levi Strauss, Tesla, Kroger, Fox
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-levi-strauss-tesla-kroger-fox-2019-04-10
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting.
At 11:25 ET, the Dow Jones Industrial Average was down 0.11 percent at 26,121.26. The S&P 500 was up 0.19 percent at 2,883.58 and the Nasdaq Composite was up 0.48 percent at 7,947.386.
The top three S&P 500 percentage gainers:
** Conagra Brands Inc, up 6.2 pct
** Xilinx Inc, up 3.1 pct
** HollyFrontier Corp, up 3 pct
The top three S&P 500 percentage losers:
** AmerisourceBergen Corp, down 5.7 pct
** Snap-On Inc, down 2.7 pct
** Cardinal Health Inc, down 1.8 pct
The top three NYSE percentage gainers:
** Global Brass and Copper Holdings Inc, up 25.5 pct
** UBS AG, up 7.7 pct
** Navios Maritime Holdings Inc, up 7.7 pct
The top three NYSE percentage losers:
** PAR Technology Corp, down 13.3 pct
** Sibanye Gold Limited, down 10.1 pct
** Calix Inc, down 8.5 pct
The top three Nasdaq percentage gainers:
** Safe-T Group Ltd, up 19.8 pct
** ATA Inc, up 15.1 pct
** Ruhnn Holding Ltd, up 13 pct
The top three Nasdaq percentage losers:
** Helius Medical Technologies Inc, down 63.1 pct
** WAVE Life Sciences Ltd, down 16.4 pct
** Millendo Therapeutics Inc, down 9.5 pct
** Levi Strauss & Co: up 5.0 pct
Levi Strauss & Co: Rises in first quarterly report since IPO
** WD-40 Co: down 4.3 pct
WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook
** Phasebio Pharmaceuticals Inc: down 7.1 pct
PhaseBio Pharmaceuticals Inc: Dips on planned stock offering
** Simulations Plus Inc: up 4.9 pct
Simulations Plus: Gains on upbeat qtrly results
** Royal Caribbean Cruises Ltd: up 0.4 pct
JPM sees robust cruise demand this year, Royal Caribbean on course
** Nordstrom Inc: up 0.5 pct
Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient
** Tesla Inc: up 1.7 pct
Tesla jumps on report electric car tax credits may be expanded
** Kroger Co: up 2.8 pct
Kroger's alternative profit stream story alive and well - CS
** Advanced Micro Devices Inc: up 2.5 pct
** Intel Corp: up 0.8 pct
** Xilinx Inc: up 3.1 pct
Cowen sees chips gradually recovering in 2H
** Delta Air Lines Inc: up 0.9 pct
** American Airlines Group Inc: up 1.1 pct
** Boeing Co: down 1.4 pct
Delta Air breathes life into other airlines after strong profit forecast
** First Solar Inc: up 6.6 pct
First Solar: Goldman adds to 'Conviction List'
** Celsius Holdings Inc: down 2.7 pct
Celsius Holdings "another disruptor" in an energetic category - Wells Fargo
** Avinger Inc: up 10.4 pct
Avinger: Jumps as minimally invasive heart device gets FDA approval
** JetBlue Airways Corp: up 3.4 pct
JetBlue: Rises on better March traffic, expected transatlantic service
** Outlook Therapeutics Inc: down 46.5 pct
Outlook Therapeutics plummets on highly dilutive stock-and-warrants deal
** Inpixon: up 88.3 pct
Inpixon: Jumps on Locality Systems deal
** Tempur Sealy International Inc: up 6.2 pct
Tempur Sealy bounces to year high as Mattress Firm CEO exits
** Fox Corp: down 1.4 pct
BMO likes Fox Corp better than 21CF, but re-initiates with "market perform"
** Under Armour Inc: up 2.3 pct
Under Armour: "It's grown up" says Citi analyst, raises to 'buy'
** PolarityTE Inc: down 9.0 pct
PolarityTE: Slides on $27.5 mln stock offering
** Snap Inc: down 5.7 pct
Snap Inc: Drops as eMarketer sees falling U.S. monthly users
** Tennant Co: up 3.2 pct
Tennant: Shines on deal with Walmart
** MSC Industrial Direct Co.: down 4.5 pct
MSC Industrial investors bolt after earnings
** LYFT Inc: down 6.4 pct
Lyft sputters to new low
** Helius Medical Technologies Inc: down 63.1 pct
Helius Medical: Plunges to record low as FDA denies clearance for device
** Zayo Group Holdings Inc: up 6.9 pct
Zayo: Rises after report says consortium negotiates deal to buy co
** AmerisourceBergen Corp: down 5.7 pct
AmerisourceBergen: Drops as profit uncertainty leads to rating downgrade
The 11 major S&P 500 sectors:
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 Day Ahead newsletter: The Morning News Call newsletter: Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting. At 11:25 ET, the Dow Jones Industrial Average was down 0.11 percent at 26,121.26. The top three S&P 500 percentage gainers: ** Conagra Brands Inc, up 6.2 pct ** Xilinx Inc, up 3.1 pct ** HollyFrontier Corp, up 3 pct The top three S&P 500 percentage losers: ** AmerisourceBergen Corp, down 5.7 pct ** Snap-On Inc, down 2.7 pct ** Cardinal Health Inc, down 1.8 pct The top three NYSE percentage gainers: ** Global Brass and Copper Holdings Inc, up 25.5 pct ** UBS AG, up 7.7 pct ** Navios Maritime Holdings Inc, up 7.7 pct The top three NYSE percentage losers: ** PAR Technology Corp, down 13.3 pct ** Sibanye Gold Limited, down 10.1 pct ** Calix Inc, down 8.5 pct The top three Nasdaq percentage gainers: ** Safe-T Group Ltd, up 19.8 pct ** ATA Inc, up 15.1 pct ** Ruhnn Holding Ltd, up 13 pct The top three Nasdaq percentage losers: ** Helius Medical Technologies Inc, down 63.1 pct ** WAVE Life Sciences Ltd, down 16.4 pct ** Millendo Therapeutics Inc, down 9.5 pct ** Levi Strauss & Co: up 5.0 pct Levi Strauss & Co: Rises in first quarterly report since IPO ** WD-40 Co: down 4.3 pct WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 7.1 pct PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Simulations Plus Inc: up 4.9 pct Simulations Plus: Gains on upbeat qtrly results ** Royal Caribbean Cruises Ltd: up 0.4 pct JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 0.5 pct Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Tesla Inc: up 1.7 pct Tesla jumps on report electric car tax credits may be expanded ** Kroger Co: up 2.8 pct Kroger's alternative profit stream story alive and well - CS ** Advanced Micro Devices Inc: up 2.5 pct ** Intel Corp: up 0.8 pct ** Xilinx Inc: up 3.1 pct Cowen sees chips gradually recovering in 2H ** Delta Air Lines Inc: up 0.9 pct ** American Airlines Group Inc: up 1.1 pct ** Boeing Co: down 1.4 pct Delta Air breathes life into other airlines after strong profit forecast ** First Solar Inc: up 6.6 pct First Solar: Goldman adds to 'Conviction List' ** Celsius Holdings Inc: down 2.7 pct Celsius Holdings "another disruptor" in an energetic category - Wells Fargo ** Avinger Inc: up 10.4 pct Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct JetBlue: Rises on better March traffic, expected transatlantic service ** Outlook Therapeutics Inc: down 46.5 pct Outlook Therapeutics plummets on highly dilutive stock-and-warrants deal ** Inpixon: up 88.3 pct Inpixon: Jumps on Locality Systems deal ** Tempur Sealy International Inc: up 6.2 pct Tempur Sealy bounces to year high as Mattress Firm CEO exits ** Fox Corp: down 1.4 pct BMO likes Fox Corp better than 21CF, but re-initiates with "market perform" ** Under Armour Inc: up 2.3 pct Under Armour: "It's grown up" says Citi analyst, raises to 'buy' ** PolarityTE Inc: down 9.0 pct PolarityTE: Slides on $27.5 mln stock offering ** Snap Inc: down 5.7 pct Snap Inc: Drops as eMarketer sees falling U.S. monthly users ** Tennant Co: up 3.2 pct Tennant: Shines on deal with Walmart ** MSC Industrial Direct Co.: down 4.5 pct MSC Industrial investors bolt after earnings ** LYFT Inc: down 6.4 pct Lyft sputters to new low ** Helius Medical Technologies Inc: down 63.1 pct Helius Medical: Plunges to record low as FDA denies clearance for device ** Zayo Group Holdings Inc: up 6.9 pct Zayo: Rises after report says consortium negotiates deal to buy co ** AmerisourceBergen Corp: down 5.7 pct AmerisourceBergen: Drops as profit uncertainty leads to rating downgrade The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting. At 11:25 ET, the Dow Jones Industrial Average was down 0.11 percent at 26,121.26. The top three S&P 500 percentage gainers: ** Conagra Brands Inc, up 6.2 pct ** Xilinx Inc, up 3.1 pct ** HollyFrontier Corp, up 3 pct The top three S&P 500 percentage losers: ** AmerisourceBergen Corp, down 5.7 pct ** Snap-On Inc, down 2.7 pct ** Cardinal Health Inc, down 1.8 pct The top three NYSE percentage gainers: ** Global Brass and Copper Holdings Inc, up 25.5 pct ** UBS AG, up 7.7 pct ** Navios Maritime Holdings Inc, up 7.7 pct The top three NYSE percentage losers: ** PAR Technology Corp, down 13.3 pct ** Sibanye Gold Limited, down 10.1 pct ** Calix Inc, down 8.5 pct The top three Nasdaq percentage gainers: ** Safe-T Group Ltd, up 19.8 pct ** ATA Inc, up 15.1 pct ** Ruhnn Holding Ltd, up 13 pct The top three Nasdaq percentage losers: ** Helius Medical Technologies Inc, down 63.1 pct ** WAVE Life Sciences Ltd, down 16.4 pct ** Millendo Therapeutics Inc, down 9.5 pct ** Levi Strauss & Co: up 5.0 pct Levi Strauss & Co: Rises in first quarterly report since IPO ** WD-40 Co: down 4.3 pct WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 7.1 pct PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Simulations Plus Inc: up 4.9 pct Simulations Plus: Gains on upbeat qtrly results ** Royal Caribbean Cruises Ltd: up 0.4 pct JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 0.5 pct Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Tesla Inc: up 1.7 pct Tesla jumps on report electric car tax credits may be expanded ** Kroger Co: up 2.8 pct Kroger's alternative profit stream story alive and well - CS ** Advanced Micro Devices Inc: up 2.5 pct ** Intel Corp: up 0.8 pct ** Xilinx Inc: up 3.1 pct Cowen sees chips gradually recovering in 2H ** Delta Air Lines Inc: up 0.9 pct ** American Airlines Group Inc: up 1.1 pct ** Boeing Co: down 1.4 pct Delta Air breathes life into other airlines after strong profit forecast ** First Solar Inc: up 6.6 pct First Solar: Goldman adds to 'Conviction List' ** Celsius Holdings Inc: down 2.7 pct Celsius Holdings "another disruptor" in an energetic category - Wells Fargo ** Avinger Inc: up 10.4 pct Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct JetBlue: Rises on better March traffic, expected transatlantic service ** Outlook Therapeutics Inc: down 46.5 pct Outlook Therapeutics plummets on highly dilutive stock-and-warrants deal ** Inpixon: up 88.3 pct Inpixon: Jumps on Locality Systems deal ** Tempur Sealy International Inc: up 6.2 pct Tempur Sealy bounces to year high as Mattress Firm CEO exits ** Fox Corp: down 1.4 pct BMO likes Fox Corp better than 21CF, but re-initiates with "market perform" ** Under Armour Inc: up 2.3 pct Under Armour: "It's grown up" says Citi analyst, raises to 'buy' ** PolarityTE Inc: down 9.0 pct PolarityTE: Slides on $27.5 mln stock offering ** Snap Inc: down 5.7 pct Snap Inc: Drops as eMarketer sees falling U.S. monthly users ** Tennant Co: up 3.2 pct Tennant: Shines on deal with Walmart ** MSC Industrial Direct Co.: down 4.5 pct MSC Industrial investors bolt after earnings ** LYFT Inc: down 6.4 pct Lyft sputters to new low ** Helius Medical Technologies Inc: down 63.1 pct Helius Medical: Plunges to record low as FDA denies clearance for device ** Zayo Group Holdings Inc: up 6.9 pct Zayo: Rises after report says consortium negotiates deal to buy co ** AmerisourceBergen Corp: down 5.7 pct AmerisourceBergen: Drops as profit uncertainty leads to rating downgrade The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting. The S&P 500 was up 0.19 percent at 2,883.58 and the Nasdaq Composite was up 0.48 percent at 7,947.386. The top three S&P 500 percentage gainers: ** Conagra Brands Inc, up 6.2 pct ** Xilinx Inc, up 3.1 pct ** HollyFrontier Corp, up 3 pct The top three S&P 500 percentage losers: ** AmerisourceBergen Corp, down 5.7 pct ** Snap-On Inc, down 2.7 pct ** Cardinal Health Inc, down 1.8 pct The top three NYSE percentage gainers: ** Global Brass and Copper Holdings Inc, up 25.5 pct ** UBS AG, up 7.7 pct ** Navios Maritime Holdings Inc, up 7.7 pct The top three NYSE percentage losers: ** PAR Technology Corp, down 13.3 pct ** Sibanye Gold Limited, down 10.1 pct ** Calix Inc, down 8.5 pct The top three Nasdaq percentage gainers: ** Safe-T Group Ltd, up 19.8 pct ** ATA Inc, up 15.1 pct ** Ruhnn Holding Ltd, up 13 pct The top three Nasdaq percentage losers: ** Helius Medical Technologies Inc, down 63.1 pct ** WAVE Life Sciences Ltd, down 16.4 pct ** Millendo Therapeutics Inc, down 9.5 pct ** Levi Strauss & Co: up 5.0 pct Levi Strauss & Co: Rises in first quarterly report since IPO ** WD-40 Co: down 4.3 pct WD-40 Co: Falls on lower-than-expected Q2 revenue, profit outlook ** Phasebio Pharmaceuticals Inc: down 7.1 pct PhaseBio Pharmaceuticals Inc: Dips on planned stock offering ** Simulations Plus Inc: up 4.9 pct Simulations Plus: Gains on upbeat qtrly results ** Royal Caribbean Cruises Ltd: up 0.4 pct JPM sees robust cruise demand this year, Royal Caribbean on course ** Nordstrom Inc: up 0.5 pct Nordstrom: KeyBanc upgrades to 'overweight', views apparel demand weakness as transient ** Tesla Inc: up 1.7 pct Tesla jumps on report electric car tax credits may be expanded ** Kroger Co: up 2.8 pct Kroger's alternative profit stream story alive and well - CS ** Advanced Micro Devices Inc: up 2.5 pct ** Intel Corp: up 0.8 pct ** Xilinx Inc: up 3.1 pct Cowen sees chips gradually recovering in 2H ** Delta Air Lines Inc: up 0.9 pct ** American Airlines Group Inc: up 1.1 pct ** Boeing Co: down 1.4 pct Delta Air breathes life into other airlines after strong profit forecast ** First Solar Inc: up 6.6 pct First Solar: Goldman adds to 'Conviction List' ** Celsius Holdings Inc: down 2.7 pct Celsius Holdings "another disruptor" in an energetic category - Wells Fargo ** Avinger Inc: up 10.4 pct Avinger: Jumps as minimally invasive heart device gets FDA approval ** JetBlue Airways Corp: up 3.4 pct JetBlue: Rises on better March traffic, expected transatlantic service ** Outlook Therapeutics Inc: down 46.5 pct Outlook Therapeutics plummets on highly dilutive stock-and-warrants deal ** Inpixon: up 88.3 pct Inpixon: Jumps on Locality Systems deal ** Tempur Sealy International Inc: up 6.2 pct Tempur Sealy bounces to year high as Mattress Firm CEO exits ** Fox Corp: down 1.4 pct BMO likes Fox Corp better than 21CF, but re-initiates with "market perform" ** Under Armour Inc: up 2.3 pct Under Armour: "It's grown up" says Citi analyst, raises to 'buy' ** PolarityTE Inc: down 9.0 pct PolarityTE: Slides on $27.5 mln stock offering ** Snap Inc: down 5.7 pct Snap Inc: Drops as eMarketer sees falling U.S. monthly users ** Tennant Co: up 3.2 pct Tennant: Shines on deal with Walmart ** MSC Industrial Direct Co.: down 4.5 pct MSC Industrial investors bolt after earnings ** LYFT Inc: down 6.4 pct Lyft sputters to new low ** Helius Medical Technologies Inc: down 63.1 pct Helius Medical: Plunges to record low as FDA denies clearance for device ** Zayo Group Holdings Inc: up 6.9 pct Zayo: Rises after report says consortium negotiates deal to buy co ** AmerisourceBergen Corp: down 5.7 pct AmerisourceBergen: Drops as profit uncertainty leads to rating downgrade The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: Technology stocks lifted the S&P 500 and the Nasdaq on Wednesday but a fall in Boeing shares dragged the Dow lower, ahead of the release of the Federal Reserve's minutes from its latest policy meeting. At 11:25 ET, the Dow Jones Industrial Average was down 0.11 percent at 26,121.26. The S&P 500 was up 0.19 percent at 2,883.58 and the Nasdaq Composite was up 0.48 percent at 7,947.386.
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6459.0
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2019-04-09 00:00:00 UTC
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South Africa's carbon tax could cost Amplats $21 mln a year from 2021
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https://www.nasdaq.com/articles/south-africas-carbon-tax-could-cost-amplats-21-mln-year-2021-2019-04-09
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JOHANNESBURG, April 9 (Reuters) - South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and labour costs.
South Africa's parliament in February approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa's most industrialised and polluting country.
The bill, which was postponed at least three times since first being mooted in 2010, faces opposition from heavy energy users, including Amplats, the world's biggest platinum producer.
That would rise to between 200 and 300 million from 2021, from when a tax on electricity use is included.
"I'm saying to the government don't do it," he said.
($1 = 14.0289 rand)
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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JOHANNESBURG, April 9 (Reuters) - South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and labour costs. South Africa's parliament in February approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa's most industrialised and polluting country. The bill, which was postponed at least three times since first being mooted in 2010, faces opposition from heavy energy users, including Amplats, the world's biggest platinum producer.
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JOHANNESBURG, April 9 (Reuters) - South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and labour costs. South Africa's parliament in February approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa's most industrialised and polluting country. The bill, which was postponed at least three times since first being mooted in 2010, faces opposition from heavy energy users, including Amplats, the world's biggest platinum producer.
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JOHANNESBURG, April 9 (Reuters) - South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and labour costs. South Africa's parliament in February approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa's most industrialised and polluting country. ($1 = 14.0289 rand) 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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JOHANNESBURG, April 9 (Reuters) - South Africa's new carbon tax could cost Anglo American Platinum up to $21 million a year from 2021 its chief executive said on Tuesday, piling pressure on an industry already grappling with higher energy and labour costs. South Africa's parliament in February approved a long-delayed carbon tax bill as part of plans to reduce harmful emissions in Africa's most industrialised and polluting country. The bill, which was postponed at least three times since first being mooted in 2010, faces opposition from heavy energy users, including Amplats, the world's biggest platinum producer.
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6460.0
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2019-04-09 00:00:00 UTC
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Nasdaq 100 Movers: WYNN, CERN
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https://www.nasdaq.com/articles/nasdaq-100-movers-wynn-cern-2019-04-09
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In early trading on Tuesday, shares of Cerner topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.0%. Year to date, Cerner registers a 21.9% gain.
And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance.
Two other components making moves today are American Airlines Group, trading down 3.6%, and Facebook, trading up 2.3% on the day.
VIDEO: Nasdaq 100 Movers: WYNN, CERN
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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And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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 early trading on Tuesday, shares of Cerner topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.0%. Year to date, Cerner registers a 21.9% gain. And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%.
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In early trading on Tuesday, shares of Cerner topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.0%. And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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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And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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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6461.0
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2019-04-09 00:00:00 UTC
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American Airlines trims quarterly revenue forecast, shares fall 3 pct
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https://www.nasdaq.com/articles/american-airlines-trims-quarterly-revenue-forecast-shares-fall-3-pct-2019-04-09
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By Rachit Vats and Tracy Rucinski
April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting.
American said it was too early to project the total cost of the suspended operations of the 737 MAX in the wake of two deadly crashes. The No. 1 U.S. carrier owns 24 of the brand-new Boeing Co aircraft whose use was suspended around the world in March.
As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic).
American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded.
Because it is still unclear when the MAX jets will begin flying again, American said it cannot yet forecast the cost of the disruption beyond the first quarter.
American has 76 more MAX jets on order, though deliveries are on hold as Boeing works through a software fix, which will need regulatory approval.
Shares in American, which have risen about 5.5 percent so far this year, were down 2.1 percent at $33.175 in midday trading, off a session low of $32.60.
American cut its first-quarter outlook for margins, citing higher fuel prices. Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
Yet analysts said they were encouraged by the carrier's passenger revenue performance considering the quarter's headwinds, which also included the longest-ever U.S. government shutdown.
Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic).
United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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 said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic). United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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6462.0
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2019-04-09 00:00:00 UTC
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CRU-CESCO-Rio Tinto to join World Bank's green mining program
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https://www.nasdaq.com/articles/cru-cesco-rio-tinto-join-world-banks-green-mining-program-2019-04-09
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SANTIAGO, April 9 () - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend.
Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact.
The program "will innovate and deploy financing specifically designed to manage the clean energy transition - responsibly, pragmatically and sustainably," Arnaud Soirat, Rio's head of copper and diamonds, said in a Tuesday speech at CRU's World Copper Conference in Santiago.
Rio plans to offer technical consulting advice, as well as contribute $1 million over five years to the program, according to a spokesman, joining efforts by the World Bank to raise $50 million from the private sector.
"We believe strongly in ensuring the transition to a low-carbon world is managed sustainably, in a way that respects the environment and manages material impacts," the World Bank said in a statement to .
The bank said it hopes automakers, governments and other miners join the initiative. Anglo-American Plc confirmed on Tuesday that it will join the program as well.
"Society's expectations of mining have increased and this has now extended into the investment community in an even greater way," Rio's Soirat told delegates.
"What we are experiencing now is qualitatively different."
Many of the critical minerals used to make electric vehicle batteries are found in developing nations, and the World Bank initiative seeks to avert major ecological damage at mine sites.
Sustainable mining is increasingly a topic of import even for those miners not directly involved in the World Bank effort.
Daniel Malchuk, president of operations at BHP's Minerals Americas, said last week in Santiago that copper producers must collectively raise their game to improve the metal's ethical and green credentials as aging mines require more water and energy to produce the same amount of metal.
"Collectively, we have to deliver our products more sustainably with the ethical end-consumer in mind," he said.
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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SANTIAGO, April 9 () - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact. Many of the critical minerals used to make electric vehicle batteries are found in developing nations, and the World Bank initiative seeks to avert major ecological damage at mine sites.
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SANTIAGO, April 9 () - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio plans to offer technical consulting advice, as well as contribute $1 million over five years to the program, according to a spokesman, joining efforts by the World Bank to raise $50 million from the private sector. Daniel Malchuk, president of operations at BHP's Minerals Americas, said last week in Santiago that copper producers must collectively raise their game to improve the metal's ethical and green credentials as aging mines require more water and energy to produce the same amount of metal.
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SANTIAGO, April 9 () - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact. The program "will innovate and deploy financing specifically designed to manage the clean energy transition - responsibly, pragmatically and sustainably," Arnaud Soirat, Rio's head of copper and diamonds, said in a Tuesday speech at CRU's World Copper Conference in Santiago.
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SANTIAGO, April 9 () - Rio Tinto said on Tuesday it will join a World Bank initiative intended to help developing countries sustainably mine lithium, cobalt and other minerals critical to the global electrification trend. Rio's participation in the program, known as Climate-Smart Mining and set to launch in May, comes as miners face increasing pressure from investors and non-governmental organizations to make supply chains more sustainable while reducing climate impact. The program "will innovate and deploy financing specifically designed to manage the clean energy transition - responsibly, pragmatically and sustainably," Arnaud Soirat, Rio's head of copper and diamonds, said in a Tuesday speech at CRU's World Copper Conference in Santiago.
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6463.0
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2019-04-09 00:00:00 UTC
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Nasdaq 100 Movers: WYNN, CERN
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https://www.nasdaq.com/articles/nasdaq-100-movers-wynn-cern-2019-04-09-0
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In early trading on Tuesday, shares of Cerner topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.0%. Year to date, Cerner registers a 21.9% gain.
And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance.
Two other components making moves today are American Airlines Group, trading down 3.6%, and Facebook, trading up 2.3% on the day.
VIDEO: Nasdaq 100 Movers: WYNN, CERN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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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And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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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And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. VIDEO: Nasdaq 100 Movers: WYNN, CERN The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 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 early trading on Tuesday, shares of Cerner topped the list of the day's best performing components of the Nasdaq 100 index, trading up 12.0%. And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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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And the worst performing Nasdaq 100 component thus far on the day is Wynn Resorts, trading down 3.6%. Wynn Resorts is showing a gain of 41.1% looking at the year to date performance. VIDEO: Nasdaq 100 Movers: WYNN, CERN 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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6464.0
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2019-04-09 00:00:00 UTC
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Major air regulators to join FAA's review panel on Boeing's 737 MAX
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https://www.nasdaq.com/articles/major-air-regulators-join-faas-review-panel-boeings-737-max-2019-04-09
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By Stella Qiu and David Shepardson
BEIJING/WASHINGTON, April 9 () - China, the European Aviation Safety Agency (EASA), Ethiopia, Indonesia and at least five other major regulators are expected to join the U.S. Federal Aviation Administration's (FAA) review panel on the Boeing 737 MAX, officials said on Tuesday.
China confirmed on Tuesday it would join the review, while Canada, the United Arab Emirates, and Singapore previously said that they would join the panel. Officials told that Australia, EASA, Brazil, Indonesia and Ethiopia are also expected to take part.
Hart said the review is in response "to the growing need for globalization ... because these airplanes are all over the place" and to the need for a "uniform response."
The FAA said last week it was forming an international team to review the safety of the aircraft, grounded worldwide following two deadly crashes - in Indonesia in October and in Ethiopia last month - that killed nearly 350 people.
American Airlines and Southwest Airlines Co said this week they were extending flight cancellations due to the grounding until early June.
China was the first to ground the newest version of Boeing's workhorse 737 model last month following the Ethiopian Airlines crash, prompting a series of regulatory actions by other governments worldwide.
The Civil Aviation Administration of China (CAAC) has decided to send experts to be part of the FAA panel, an official in the regulator's media relations department told .
Chinese airlines operated 97 of the 371 737 MAX jets in service before the grounding, the most of any country, according to Flightglobal data.
Hart said the "accidents of the future" will not be mechanical problems like an engine falling off but rather like the two fatal MAX crashes where anti-stall software and pilot actions have been raised.
"A person and the automation don't work together right," Hart said. "It's going to be tougher to decide what's the bright line for grounding this thing, what's the bright line for ungrounding this thing."
It will be much harder in the future to decide in the cases of "automation that usually works but sometimes doesn't work" and when it does not work "most pilots can still handle but sometimes they can't."
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 FAA said last week it was forming an international team to review the safety of the aircraft, grounded worldwide following two deadly crashes - in Indonesia in October and in Ethiopia last month - that killed nearly 350 people. China was the first to ground the newest version of Boeing's workhorse 737 model last month following the Ethiopian Airlines crash, prompting a series of regulatory actions by other governments worldwide. The Civil Aviation Administration of China (CAAC) has decided to send experts to be part of the FAA panel, an official in the regulator's media relations department told .
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By Stella Qiu and David Shepardson BEIJING/WASHINGTON, April 9 () - China, the European Aviation Safety Agency (EASA), Ethiopia, Indonesia and at least five other major regulators are expected to join the U.S. Federal Aviation Administration's (FAA) review panel on the Boeing 737 MAX, officials said on Tuesday. Officials told that Australia, EASA, Brazil, Indonesia and Ethiopia are also expected to take part. "It's going to be tougher to decide what's the bright line for grounding this thing, what's the bright line for ungrounding this thing."
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By Stella Qiu and David Shepardson BEIJING/WASHINGTON, April 9 () - China, the European Aviation Safety Agency (EASA), Ethiopia, Indonesia and at least five other major regulators are expected to join the U.S. Federal Aviation Administration's (FAA) review panel on the Boeing 737 MAX, officials said on Tuesday. The FAA said last week it was forming an international team to review the safety of the aircraft, grounded worldwide following two deadly crashes - in Indonesia in October and in Ethiopia last month - that killed nearly 350 people. It will be much harder in the future to decide in the cases of "automation that usually works but sometimes doesn't work" and when it does not work "most pilots can still handle but sometimes they can't."
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By Stella Qiu and David Shepardson BEIJING/WASHINGTON, April 9 () - China, the European Aviation Safety Agency (EASA), Ethiopia, Indonesia and at least five other major regulators are expected to join the U.S. Federal Aviation Administration's (FAA) review panel on the Boeing 737 MAX, officials said on Tuesday. Hart said the review is in response "to the growing need for globalization ... because these airplanes are all over the place" and to the need for a "uniform response." The FAA said last week it was forming an international team to review the safety of the aircraft, grounded worldwide following two deadly crashes - in Indonesia in October and in Ethiopia last month - that killed nearly 350 people.
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6465.0
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2019-04-09 00:00:00 UTC
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US STOCKS-Wall Street falls on worries over trade, global growth
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https://www.nasdaq.com/articles/us-stocks-wall-street-falls-worries-over-trade-global-growth-2019-04-09
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* Boeing drops after deliveries sink in Q1
* U.S. threatens tariffs on European goods
* Indexes down: Dow 0.59%, S&P 0.43%, Nasdaq 0.19% (Adds comments, updates prices)
By Sruthi Shankar and Shreyashi Sanyal
April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened to impose tariffs on Europeangoods, while the IMF's downbeat outlook for global growth addedto worries about an economic slowdown stemming from tradedisputes.
Trade-sensitive industrial stocks .SPLRCI were among theworst hit, dropping 1.02%, followed by losses in energy .SPNY ,materials .SPLRCM and financials .SPSY .
Boeing CoBA.N shares fell 1.3%, after the planemakerhanded over far fewer planes in the first quarter due to theglobal grounding of its best-selling 737 MAX jets following twofatal crashes.
3M CoMMM.N and Caterpillar IncCAT.N were down morethan 1 percent each and also weighed on the Dow.
The United States threatened to slap tariffs on hundreds ofEuropean goods on Monday as retaliation for subsidies given toAirbus AIR.PA . In response, an EU official said the EuropeanUnion had begun preparations to retaliate over Boeingsubsidies.
In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly British exit from the European Union.
The IMF's outlook also added to concerns about the upcomingearnings season, which may see its first quarterly contractionin profits since 2016.
"The IMF downgrade just shows that the odds of robust growthare not very high. It is also going to be difficult for the U.S.to maintain earnings growth especially if global growth issluggish," said Craig Birk, chief investment officer at PersonalCapital in San Francisco.
Earnings begin in earnest, with Delta Air Lines IncDAL.N reporting on Wednesday, followed by big U.S. banks later thisweek. January-March profit for S&P 500 companies is expected tofall 2.5% from last year, according to Refinitiv data.
At 11:07 a.m. ET the Dow Jones Industrial Average .DJI wasdown 154.16 points, or 0.59%, at 26,186.86, the S&P 500 .SPX was down 12.40 points, or 0.43%, at 2,883.37 and the NasdaqComposite .IXIC was down 14.98 points, or 0.19 percent, at7,938.91.
The Dow Jones transports index .DJT fell 0.9%, on track toend a four-day run of gains.
Declines were led by a 2.6% drop in American Airlines GroupInc AAL.O after the carrier trimmed its first-quarter revenueforecast, mainly due to the global grounding of Boeing's 737 MAXjets.
Of the 11 major S&P sectors, nine were lower. Energy stocksfell 0.89% as oil prices retreated from their five-month highs. O/R
Pentair Plc shares PNR.N tumbled 13.8%, the most on theS&P 500, after the water treatment company forecast full-yearprofit below expectations.
United States Steel CorpX.N fell 7.9% after Credit Suissedowngraded the stock to "underperform".
Walt Disney CoDIS.N rose 1.4% after Cowen and Co raisedits rating on the company to "outperform".
Declining issues outnumbered advancers for a 2.22-to-1 ratioon the NYSE and for a 2.04-to-1 ratio on the Nasdaq.
The S&P index recorded 14 new 52-week highs and no new low,while the Nasdaq recorded 36 new highs and 17 new lows. (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru;Editing by Anil D'Silva) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.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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Declines were led by a 2.6% drop in American Airlines GroupInc AAL.O after the carrier trimmed its first-quarter revenueforecast, mainly due to the global grounding of Boeing's 737 MAXjets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.59%, S&P 0.43%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened to impose tariffs on Europeangoods, while the IMF's downbeat outlook for global growth addedto worries about an economic slowdown stemming from tradedisputes. In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly British exit from the European Union.
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Declines were led by a 2.6% drop in American Airlines GroupInc AAL.O after the carrier trimmed its first-quarter revenueforecast, mainly due to the global grounding of Boeing's 737 MAXjets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.59%, S&P 0.43%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened to impose tariffs on Europeangoods, while the IMF's downbeat outlook for global growth addedto worries about an economic slowdown stemming from tradedisputes. The S&P index recorded 14 new 52-week highs and no new low,while the Nasdaq recorded 36 new highs and 17 new lows.
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Declines were led by a 2.6% drop in American Airlines GroupInc AAL.O after the carrier trimmed its first-quarter revenueforecast, mainly due to the global grounding of Boeing's 737 MAXjets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.59%, S&P 0.43%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened to impose tariffs on Europeangoods, while the IMF's downbeat outlook for global growth addedto worries about an economic slowdown stemming from tradedisputes. In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly British exit from the European Union.
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Declines were led by a 2.6% drop in American Airlines GroupInc AAL.O after the carrier trimmed its first-quarter revenueforecast, mainly due to the global grounding of Boeing's 737 MAXjets. "The IMF downgrade just shows that the odds of robust growthare not very high. ET the Dow Jones Industrial Average .DJI wasdown 154.16 points, or 0.59%, at 26,186.86, the S&P 500 .SPX was down 12.40 points, or 0.43%, at 2,883.37 and the NasdaqComposite .IXIC was down 14.98 points, or 0.19 percent, at7,938.91.
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6466.0
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2019-04-09 00:00:00 UTC
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Stock Market News: Wynn Makes a Head Fake; American Airlines Flies Lower
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https://www.nasdaq.com/articles/stock-market-news-wynn-makes-head-fake-american-airlines-flies-lower-2019-04-09
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The stock market fell on Tuesday morning, responding negatively to threats from the White House of tariffs on an additional $11 billion of goods produced in the European Union. The move was seen as a major setback after having made considerable progress on the trade front in recent months. As of 11:45 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was down 178 points to 26,163. The S&P 500 (SNPINDEX: ^GSPC) dropped 15 points to 2,881, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was lower by 21 points to 7,933.
Among individual companies, Wynn Resorts (NASDAQ: WYNN) got a lot of attention as it initially announced a potential acquisition and then changed its mind only hours later. Meanwhile, American Airlines Group (NASDAQ: AAL) continued to grapple with the impact of the grounding of its 737 MAX aircraft fleet, and the airline cut its revenue estimates for the first quarter as a result.
Image source: Wynn Resorts.
Wynn loses a deal
Wynn Resorts saw its stock fall 3% Tuesday morning after an unusual sequence of events transpired. Reports surfaced overnight that the casino resort giant was looking at a potential acquisition of Australia-based industry peer Crown Resorts, with those following the story suggesting that a deal could carry a price tag of around 10 billion Australian dollars, worth roughly $7.1 billion at current exchange rates. Crown confirmed the deal early today Australia time, which given the difference in time zones happened when it was still Monday night in the U.S., and Wynn followed suit with its own confirmation.
However, in a complete about-face, Wynn issued a press release just hours after its confirmation. The release was brief and to the point: "Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction."
Even while the deal still looked like it might be alive, investors seemed to have mixed feelings about it. Crown shareholders were ecstatic, with the stock finishing higher by nearly 20% when the Australian stock market closed. Yet Wynn had traded down as much as 4% on the news -- albeit without seeing much recovery after the casino companies terminated their talks. Wynn shareholders still seem uncertain about the company's growth prospects, whether they come from one-off building projects or a massive acquisition.
American Airlines loses altitude
Shares of American Airlines Group were down 2% following the company's warning about its first-quarter financial results. American said in its first-quarter investor relations update that revenue per available seat mile, a key metric for the industry, will be flat to up just 1% for the period. That's weaker than the flat to up 2% growth that the company had previously expected.
The airline specifically called out the grounding of the 737 MAX 8 as one of the factors affecting its performance, but it wasn't the only one. American also pointed to the government shutdown as hurting its results. In addition, the company confirmed that the removal of more than a dozen 737-800 aircraft for remediation maintenance work also played a role in weaker revenue figures.
Given all the attention that the 737 MAX program has gotten, it's important for American investors to look at the big picture. Rising fuel costs are contributing to the downward pressure that's sending the stock lower, but the airline is looking to offer better perks for high-margin business travelers, as well as making smart expansions on its route map. That won't necessarily produce a short-term boost to offset its near-term challenges, but it should show that American is squarely focused on its long-term strategies.
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Dan Caplinger owns shares of Wynn Resorts. The Motley Fool has no position in any of the stocks mentioned. 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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Meanwhile, American Airlines Group (NASDAQ: AAL) continued to grapple with the impact of the grounding of its 737 MAX aircraft fleet, and the airline cut its revenue estimates for the first quarter as a result. The stock market fell on Tuesday morning, responding negatively to threats from the White House of tariffs on an additional $11 billion of goods produced in the European Union. Rising fuel costs are contributing to the downward pressure that's sending the stock lower, but the airline is looking to offer better perks for high-margin business travelers, as well as making smart expansions on its route map.
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Meanwhile, American Airlines Group (NASDAQ: AAL) continued to grapple with the impact of the grounding of its 737 MAX aircraft fleet, and the airline cut its revenue estimates for the first quarter as a result. Among individual companies, Wynn Resorts (NASDAQ: WYNN) got a lot of attention as it initially announced a potential acquisition and then changed its mind only hours later. Wynn loses a deal Wynn Resorts saw its stock fall 3% Tuesday morning after an unusual sequence of events transpired.
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Meanwhile, American Airlines Group (NASDAQ: AAL) continued to grapple with the impact of the grounding of its 737 MAX aircraft fleet, and the airline cut its revenue estimates for the first quarter as a result. Among individual companies, Wynn Resorts (NASDAQ: WYNN) got a lot of attention as it initially announced a potential acquisition and then changed its mind only hours later. Wynn loses a deal Wynn Resorts saw its stock fall 3% Tuesday morning after an unusual sequence of events transpired.
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Meanwhile, American Airlines Group (NASDAQ: AAL) continued to grapple with the impact of the grounding of its 737 MAX aircraft fleet, and the airline cut its revenue estimates for the first quarter as a result. Among individual companies, Wynn Resorts (NASDAQ: WYNN) got a lot of attention as it initially announced a potential acquisition and then changed its mind only hours later. The release was brief and to the point: "Following the premature disclosure of preliminary discussions, Wynn Resorts has terminated all discussions with Crown Resorts concerning any transaction."
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6467.0
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2019-04-09 00:00:00 UTC
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American Airlines trims first-quarter forecast for unit revenue
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https://www.nasdaq.com/articles/american-airlines-trims-first-quarter-forecast-unit-revenue-2019-04-09
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By Rachit Vats and Tracy Rucinski
April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting.
American said it was too early to project the total cost of the suspended operations of the 737 MAX in the wake of two deadly crashes. The No. 1 U.S. carrier owns 24 of the brand-new Boeing Co aircraft whose use was suspended around the world in March.
As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic).
American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded.
Because it is still unclear when the MAX jets will begin flying again, American said it cannot yet forecast the cost of the disruption beyond the first quarter.
American has 76 more MAX jets on order, though deliveries are on hold as Boeing works through a software fix, which will need regulatory approval.
Shares in American, which have risen about 5.5 percent so far this year, were down 2.1 percent at $33.175 in midday trading, off a session low of $32.60.
American cut its first-quarter outlook for margins, citing higher fuel prices. Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
Yet analysts said they were encouraged by the carrier's passenger revenue performance considering the quarter's headwinds, which also included the longest-ever U.S. government shutdown.
Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic).
United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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 said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic). United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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6468.0
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2019-04-09 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Apple, Boeing, Wynn Resorts, UnitedHealth, Cigna
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https://www.nasdaq.com/articles/us-stocks-move-apple-boeing-wynn-resorts-unitedhealth-cigna-2019-04-09
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF's downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes.
The top three S&P 500 percentage gainers:
** Cerner Corp , up 10 pct
** Monster Beverage Corp , up 2.6 pct
** Campbell Soup Co , up 2.3 pct
The top two S&P 500 percentage losers:
** Pentair Plc, down 14.6 pct
** Under Armour Inc, down 5 pct
The top two NYSE percentage gainers:
** Puxin Ltd , up 11.3 pct
** Netshoes (Cayman) Limited , up 10.5 pct
The top three NYSE percentage losers:
** Pentair Plc, down 14.6 pct
** Novartis AG , down 11.6 pct
** Key Energy Services Inc , down 8.1 pct
The top three Nasdaq percentage gainers:
** Command Center Inc , up 33.9 pct
** Provention Bio Inc, up 28.4 pct
** Phasebio Pharmaceuticals Inc, up 22.7 pct
The top three Nasdaq percentage losers:
** Hollysys Automation Technologies Ltd , down 24.5 pct
** Zosano Pharma Corp , down 24.2 pct
** Zogenix Inc , down 22.6 pct
** Zosano Pharm Corp: down 24.2 pct
Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug
** Hawaiian Holdings Inc: up 5.3 pct
Hawaiian Holdings Inc: Rises after improved Q1 outlook
** Zogenix Inc: down 22.6 pct
Zogenix: Falls after epilepsy drug fails to impress U.S. FDA
Street View: FDA decision could delay Zogenix's seizure drug launch to 2021
** Chimerix Inc: up 21.1 pct
Chimerix Inc shares up
** Command Center Inc: up 33.9 pct
Command Center Inc: Surges after all-stock merger
** PhaseBio Pharmaceuticals, Inc: up 22.7 pct
PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ]
** Daré Bioscience Inc: down 21.3 pct
Dare Bioscience: Slides after pricing stock offering
** H.B.Fuller: down 2.1 pct
H.B.Fuller: JP Morgan downgrades as volume growth slows
** Under Armour Inc: down 5.0 pct
Rivals still outshine Under Armour - B. Riley FBR
** Hollysys Automation: down 24.5 pct
Hollysys Automation: JPM downgrades on doubts over capital discipline
** Facebook Inc: up 2.1 pct
Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley
** Antero Resources: down 2.0 pct
Antero Resources: Cowen initiates coverage, says hedging advantage eroding
** Vaxart Inc: down 35.6 pct
Vaxart: Deep dives on shares and warrants offering
** Caesars Entertainment: down 2.5 pct
Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness
** JPMorgan Chase & Co: down 0.4 pct
** Wells Fargo & Co: down 1.1 pct
** PNC Financial Services Group, Inc: down 0.5 pct
** Bank of America Corp: down 0.6 pct
U.S. big banks to report weak investment banking fees - J.P.Morgan
** Walt Disney Co: up 1.7 pct
Disney: Cowen upgrades, sees positive near-term catalysts
** Simply Good Foods Co: down 2.7 pct
Simply Good Foods: Down after top analyst downgrades
** Apple Inc: up 1.0 pct
Apple posts first 10-day winning run since 2010
** Geron Corp: up 12.5 pct
Geron Corp: Needham sees opportunity on return of Imetelstat rights ]
** United States Steel Corp: down 7.6 pct
U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT
** Boeing Co: down 1.3 pct
737 grounding costs Boeing$1 bln cash, ~$1 EPS each month -JPM
** Pentair plc: down 14.6 pct
Pentair: Shares go cold as weather dampens full year forecast
** Cerner Corp: up 10.0 pct
Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan
** Cabot Oil & Gas Corp: up 2.1 pct
Cabot Oil & Gas: Cowen starts with "outperform"
** PerkinElmer Inc: up 1.8 pct
PerkinElmer: GS upgrades as it sees growth in diagnostic business
** Moleculin Biotech Inc: up 7.8 pct
Moleculin Biotech: Up on expansion of leukemia drug program
** Principal Financial Group Inc: down 1.6 pct
Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit
** Wynn Resorts Ltd: down 2.7 pct
Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts
** FARO Technologies Inc: up 16.8 pct
FARO Technologies: Set for ninth straight session of gains, names new CEO
** Lindsay Corp: down 7.2 pct
Lindsay Corp hits 2-year low as trade worries knock earnings
** American Airlines Group Inc: down 1.7 pct
American Airlines steers south after Q1 forecast cut
** Nutanix Inc: up 3.8 pct
Nutanix floats on Hewlett Packard Enterprise cloud agreement
** Maxwell Technologies Inc: down 5.0 pct
Maxwell hits lowest since Tesla deal as offer deadline extended again
** Advanced Micro Devices, Inc: down 3.7 pct
** Nvidia Corp: down 1.4 pct
** Mellanox Technologies, Ltd: down 0.2 pct
** Xilinx, Inc: down 0.1 pct
** Analog Devices, Inc: down 0.7 pct
** Broadcom Inc: down 0.2 pct
Wall Street hits pause on record-high chip rally
** UnitedHealth Group Inc: up 0.2 pct
** Cigna Corp: up 1.2 pct
** Humana Inc: down 0.2 pct
** CVS Health Corp: down 0.1 pct
** AmerisourceBergen Corp: down 1.0 pct
** Cardinal Health, Inc: down 0.3 pct
** McKesson Corp: down 0.6 pct
Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen
The 11 major S&P 500 sectors:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF's downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. The top three S&P 500 percentage gainers: ** Cerner Corp , up 10 pct ** Monster Beverage Corp , up 2.6 pct ** Campbell Soup Co , up 2.3 pct The top two S&P 500 percentage losers: ** Pentair Plc, down 14.6 pct ** Under Armour Inc, down 5 pct The top two NYSE percentage gainers: ** Puxin Ltd , up 11.3 pct ** Netshoes (Cayman) Limited , up 10.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.6 pct ** Novartis AG , down 11.6 pct ** Key Energy Services Inc , down 8.1 pct The top three Nasdaq percentage gainers: ** Command Center Inc , up 33.9 pct ** Provention Bio Inc, up 28.4 pct ** Phasebio Pharmaceuticals Inc, up 22.7 pct The top three Nasdaq percentage losers: ** Hollysys Automation Technologies Ltd , down 24.5 pct ** Zosano Pharma Corp , down 24.2 pct ** Zogenix Inc , down 22.6 pct ** Zosano Pharm Corp: down 24.2 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.3 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 22.6 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 21.1 pct Chimerix Inc shares up ** Command Center Inc: up 33.9 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 22.7 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 21.3 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.1 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 5.0 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 24.5 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 2.1 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 2.0 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.6 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 2.5 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.4 pct ** Wells Fargo & Co: down 1.1 pct ** PNC Financial Services Group, Inc: down 0.5 pct ** Bank of America Corp: down 0.6 pct U.S. big banks to report weak investment banking fees - J.P.Morgan ** Walt Disney Co: up 1.7 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 2.7 pct Simply Good Foods: Down after top analyst downgrades ** Apple Inc: up 1.0 pct Apple posts first 10-day winning run since 2010 ** Geron Corp: up 12.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 7.6 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.3 pct 737 grounding costs Boeing$1 bln cash, ~$1 EPS each month -JPM ** Pentair plc: down 14.6 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.0 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 2.1 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: GS upgrades as it sees growth in diagnostic business ** Moleculin Biotech Inc: up 7.8 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 1.6 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 2.7 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 16.8 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 7.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.7 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.8 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.7 pct ** Nvidia Corp: down 1.4 pct ** Mellanox Technologies, Ltd: down 0.2 pct ** Xilinx, Inc: down 0.1 pct ** Analog Devices, Inc: down 0.7 pct ** Broadcom Inc: down 0.2 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.2 pct ** Cigna Corp: up 1.2 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.1 pct ** AmerisourceBergen Corp: down 1.0 pct ** Cardinal Health, Inc: down 0.3 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF's downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. The top three S&P 500 percentage gainers: ** Cerner Corp , up 10 pct ** Monster Beverage Corp , up 2.6 pct ** Campbell Soup Co , up 2.3 pct The top two S&P 500 percentage losers: ** Pentair Plc, down 14.6 pct ** Under Armour Inc, down 5 pct The top two NYSE percentage gainers: ** Puxin Ltd , up 11.3 pct ** Netshoes (Cayman) Limited , up 10.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.6 pct ** Novartis AG , down 11.6 pct ** Key Energy Services Inc , down 8.1 pct The top three Nasdaq percentage gainers: ** Command Center Inc , up 33.9 pct ** Provention Bio Inc, up 28.4 pct ** Phasebio Pharmaceuticals Inc, up 22.7 pct The top three Nasdaq percentage losers: ** Hollysys Automation Technologies Ltd , down 24.5 pct ** Zosano Pharma Corp , down 24.2 pct ** Zogenix Inc , down 22.6 pct ** Zosano Pharm Corp: down 24.2 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.3 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 22.6 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 21.1 pct Chimerix Inc shares up ** Command Center Inc: up 33.9 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 22.7 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 21.3 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.1 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 5.0 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 24.5 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 2.1 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 2.0 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.6 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 2.5 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.4 pct ** Wells Fargo & Co: down 1.1 pct ** PNC Financial Services Group, Inc: down 0.5 pct ** Bank of America Corp: down 0.6 pct U.S. big banks to report weak investment banking fees - J.P.Morgan ** Walt Disney Co: up 1.7 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 2.7 pct Simply Good Foods: Down after top analyst downgrades ** Apple Inc: up 1.0 pct Apple posts first 10-day winning run since 2010 ** Geron Corp: up 12.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 7.6 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.3 pct 737 grounding costs Boeing$1 bln cash, ~$1 EPS each month -JPM ** Pentair plc: down 14.6 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.0 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 2.1 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: GS upgrades as it sees growth in diagnostic business ** Moleculin Biotech Inc: up 7.8 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 1.6 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 2.7 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 16.8 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 7.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.7 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.8 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.7 pct ** Nvidia Corp: down 1.4 pct ** Mellanox Technologies, Ltd: down 0.2 pct ** Xilinx, Inc: down 0.1 pct ** Analog Devices, Inc: down 0.7 pct ** Broadcom Inc: down 0.2 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.2 pct ** Cigna Corp: up 1.2 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.1 pct ** AmerisourceBergen Corp: down 1.0 pct ** Cardinal Health, Inc: down 0.3 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF's downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. The top three S&P 500 percentage gainers: ** Cerner Corp , up 10 pct ** Monster Beverage Corp , up 2.6 pct ** Campbell Soup Co , up 2.3 pct The top two S&P 500 percentage losers: ** Pentair Plc, down 14.6 pct ** Under Armour Inc, down 5 pct The top two NYSE percentage gainers: ** Puxin Ltd , up 11.3 pct ** Netshoes (Cayman) Limited , up 10.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.6 pct ** Novartis AG , down 11.6 pct ** Key Energy Services Inc , down 8.1 pct The top three Nasdaq percentage gainers: ** Command Center Inc , up 33.9 pct ** Provention Bio Inc, up 28.4 pct ** Phasebio Pharmaceuticals Inc, up 22.7 pct The top three Nasdaq percentage losers: ** Hollysys Automation Technologies Ltd , down 24.5 pct ** Zosano Pharma Corp , down 24.2 pct ** Zogenix Inc , down 22.6 pct ** Zosano Pharm Corp: down 24.2 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.3 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 22.6 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 21.1 pct Chimerix Inc shares up ** Command Center Inc: up 33.9 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 22.7 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 21.3 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.1 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 5.0 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 24.5 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 2.1 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 2.0 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.6 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 2.5 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.4 pct ** Wells Fargo & Co: down 1.1 pct ** PNC Financial Services Group, Inc: down 0.5 pct ** Bank of America Corp: down 0.6 pct U.S. big banks to report weak investment banking fees - J.P.Morgan ** Walt Disney Co: up 1.7 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 2.7 pct Simply Good Foods: Down after top analyst downgrades ** Apple Inc: up 1.0 pct Apple posts first 10-day winning run since 2010 ** Geron Corp: up 12.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 7.6 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.3 pct 737 grounding costs Boeing$1 bln cash, ~$1 EPS each month -JPM ** Pentair plc: down 14.6 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.0 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 2.1 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: GS upgrades as it sees growth in diagnostic business ** Moleculin Biotech Inc: up 7.8 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 1.6 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 2.7 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 16.8 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 7.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.7 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.8 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.7 pct ** Nvidia Corp: down 1.4 pct ** Mellanox Technologies, Ltd: down 0.2 pct ** Xilinx, Inc: down 0.1 pct ** Analog Devices, Inc: down 0.7 pct ** Broadcom Inc: down 0.2 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.2 pct ** Cigna Corp: up 1.2 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.1 pct ** AmerisourceBergen Corp: down 1.0 pct ** Cardinal Health, Inc: down 0.3 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened to impose tariffs on European goods, while the IMF's downbeat outlook for global growth added to worries about an economic slowdown stemming from trade disputes. The top three S&P 500 percentage gainers: ** Cerner Corp , up 10 pct ** Monster Beverage Corp , up 2.6 pct ** Campbell Soup Co , up 2.3 pct The top two S&P 500 percentage losers: ** Pentair Plc, down 14.6 pct ** Under Armour Inc, down 5 pct The top two NYSE percentage gainers: ** Puxin Ltd , up 11.3 pct ** Netshoes (Cayman) Limited , up 10.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.6 pct ** Novartis AG , down 11.6 pct ** Key Energy Services Inc , down 8.1 pct The top three Nasdaq percentage gainers: ** Command Center Inc , up 33.9 pct ** Provention Bio Inc, up 28.4 pct ** Phasebio Pharmaceuticals Inc, up 22.7 pct The top three Nasdaq percentage losers: ** Hollysys Automation Technologies Ltd , down 24.5 pct ** Zosano Pharma Corp , down 24.2 pct ** Zogenix Inc , down 22.6 pct ** Zosano Pharm Corp: down 24.2 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.3 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 22.6 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 21.1 pct Chimerix Inc shares up ** Command Center Inc: up 33.9 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 22.7 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 21.3 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.1 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 5.0 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 24.5 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 2.1 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 2.0 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.6 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 2.5 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.4 pct ** Wells Fargo & Co: down 1.1 pct ** PNC Financial Services Group, Inc: down 0.5 pct ** Bank of America Corp: down 0.6 pct U.S. big banks to report weak investment banking fees - J.P.Morgan ** Walt Disney Co: up 1.7 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 2.7 pct Simply Good Foods: Down after top analyst downgrades ** Apple Inc: up 1.0 pct Apple posts first 10-day winning run since 2010 ** Geron Corp: up 12.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 7.6 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.3 pct 737 grounding costs Boeing$1 bln cash, ~$1 EPS each month -JPM ** Pentair plc: down 14.6 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.0 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 2.1 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: GS upgrades as it sees growth in diagnostic business ** Moleculin Biotech Inc: up 7.8 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 1.6 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 2.7 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 16.8 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 7.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.7 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.8 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.7 pct ** Nvidia Corp: down 1.4 pct ** Mellanox Technologies, Ltd: down 0.2 pct ** Xilinx, Inc: down 0.1 pct ** Analog Devices, Inc: down 0.7 pct ** Broadcom Inc: down 0.2 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.2 pct ** Cigna Corp: up 1.2 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.1 pct ** AmerisourceBergen Corp: down 1.0 pct ** Cardinal Health, Inc: down 0.3 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen The 11 major S&P 500 sectors: 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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6469.0
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2019-04-09 00:00:00 UTC
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American Airlines cuts first-quarter forecast for unit revenue
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AAL
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https://www.nasdaq.com/articles/american-airlines-cuts-first-quarter-forecast-unit-revenue-2019-04-09
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nan
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nan
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April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.
The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic).
OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.
The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown. The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.
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The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.
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The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). 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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April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown. The airline said it the closely followed measure of airline performance to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). OCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> April 9 () - American Airlines Co Group Inc said on Tuesday its first-quarter revenue per available seat mile would be below its previous forecast due to the groundings of Boeing 737 MAX planes and the U.S. government shutdown.
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6470.0
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2019-04-09 00:00:00 UTC
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U.S. STOCKS ON THE MOVE-Boeing, Wynn Resorts, UnitedHealth, Walt Disney,
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AAL
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https://www.nasdaq.com/articles/us-stocks-move-boeing-wynn-resorts-unitedhealth-walt-disney-2019-04-09
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nan
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nan
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The Day Ahead newsletter:
The Morning News Call newsletter:
U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown.
At 13:28 ET, the Dow Jones Industrial Average was down 0.67 percent at 26,164.98. The S&P 500 was down 0.51 percent at 2,881.02 and the Nasdaq Composite was down 0.35 percent at 7,925.763.
The top three S&P 500 percentage gainers:
** Cerner Corp, up 10.5 pct
** Campbell Soup Co, up 2.4 pct
** Monster Beverage Corp, up 2.2 pct
The top three S&P 500 percentage losers:
** Pentair Plc, down 14.4 pct
** Under Armour Inc, down 4.2 pct
** Advanced Micro Devices Inc, down 3.8 pct
The top two NYSE percentage gainers:
** Netshoes (Cayman) Limited, up 10 pct
** Puxin Ltd, up 8.5 pct
The top three NYSE percentage losers:
** Pentair Plc, down 14.4 pct
** Novartis AG, down 12 pct
** Quintana Energy Services Inc, down 11.9 pct
The top three Nasdaq percentage gainers:
** Command Center Inc, up 38.5 pct
** Soliton Inc, up 20.1 pct
** Chimerix Inc, up 20 pct
The top three Nasdaq percentage losers:
** Zosano Pharma Corp, down 24.1 pct
** Hollysys Automation Technologies Ltd, down 23.8 pct
** Zogenix, Inc, down 23.2 pct
** Zosano Pharm Corp: down 24.1 pct
Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug
** Hawaiian Holdings Inc: up 5.5 pct
Hawaiian Holdings Inc: Rises after improved Q1 outlook
** Zogenix Inc: down 23.2 pct
Zogenix: Falls after epilepsy drug fails to impress U.S. FDA
Street View: FDA decision could delay Zogenix's seizure drug launch to 2021
** Chimerix Inc: up 20.0 pct
Chimerix Inc shares up
** Command Center Inc: up 38.5 pct
Command Center Inc: Surges after all-stock merger
** PhaseBio Pharmaceuticals, Inc: up 18.0 pct
PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ]
** Daré Bioscience Inc: down 22.2 pct
Dare Bioscience: Slides after pricing stock offering
** H.B.Fuller: down 2.3 pct
H.B.Fuller: JP Morgan downgrades as volume growth slows
** Under Armour Inc: down 4.2 pct
Rivals still outshine Under Armour - B. Riley FBR
** Hollysys Automation: down 23.8 pct
Hollysys Automation: JPM downgrades on doubts over capital discipline
** Facebook Inc: up 1.9 pct
Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley
** Antero Resources: down 3.2 pct
Antero Resources: Cowen initiates coverage, says hedging advantage eroding
** Vaxart Inc: down 35.5 pct
Vaxart: Deep dives on shares and warrants offering
** Caesars Entertainment: down 3.4 pct
Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness
** JPMorgan Chase & Co: down 0.7 pct
** Wells Fargo & Co: down 1.2 pct
** PNC Financial Services Group, Inc: down 0.7 pct
** Bank of America Corp: down 0.9 pct
U.S. big banks to report weak investment banking fees - J.P.Morgan - News
** Walt Disney Co: up 1.6 pct
Disney: Cowen upgrades, sees positive near-term catalysts
** Simply Good Foods Co: down 3.1 pct
Simply Good Foods: Down after top analyst downgrades
** Geron Corp: up 7.5 pct
Geron Corp: Needham sees opportunity on return of Imetelstat rights ]
** United States Steel Corp: down 8.7 pct
U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT
** Boeing Co: down 1.6 pct
Boeing had 0 MAX orders in March, GS sees 0 MAX deliveries in Q2
** Pentair plc: down 14.4 pct
Pentair: Shares go cold as weather dampens full year forecast
** Cerner Corp: up 10.5 pct
Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan
** Cabot Oil & Gas Corp: up 1.7 pct
Cabot Oil & Gas: Cowen starts with "outperform"
** PerkinElmer Inc: up 1.8 pct
PerkinElmer: Sees growth in Diagnostic business: 'upgrades' - Goldman Sachs
** Moleculin Biotech Inc: up 1.7 pct
Moleculin Biotech: Up on expansion of leukemia drug program
** Principal Financial Group Inc: down 2.2 pct
Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit
** Wynn Resorts Ltd: down 3.2 pct
Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts
** FARO Technologies Inc: up 18.6 pct
FARO Technologies: Set for ninth straight session of gains, names new CEO
** Lindsay Corp: down 8.2 pct
Lindsay Corp hits 2-year low as trade worries knock earnings
** American Airlines Group Inc: down 1.9 pct
American Airlines steers south after Q1 forecast cut
** Nutanix Inc: up 3.2 pct
Nutanix floats on Hewlett Packard Enterprise cloud agreement
** Maxwell Technologies, Inc: down 5.0 pct
Maxwell hits lowest since Tesla deal as offer deadline extended again
** Advanced Micro Devices, Inc: down 3.8 pct
** Nvidia Corp: down 1.5 pct
** Mellanox Technologies, Ltd: down 0.3 pct
** Xilinx, Inc: down 0.4 pct
** Analog Devices, Inc: down 0.9 pct
** Broadcom Inc: down 0.3 pct
Wall Street hits pause on record-high chip rally
** UnitedHealth Group Inc: up 0.1 pct
** Cigna Corp: up 1.0 pct
** Humana Inc: down 0.2 pct
** CVS Health Corp: down 0.2 pct
** AmerisourceBergen Corp: down 0.8 pct
** McKesson Corp: down 0.6 pct
Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen
** Applied Optoelectronics Inc: down 3.4 pct
Applied Optoelectronics: Piper Jaffray says downside risk ahead, cuts PT
** Nielsen Holdings plc: up 2.0 pct
Nielsen rises on report sale could come as soon as next week
** Delta Air Lines Inc: down 1.2 pct
PREVIEW: Delta Air Lines slipping as Q1 reports nears
The 11 major S&P 500 sectors:
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 Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. At 13:28 ET, the Dow Jones Industrial Average was down 0.67 percent at 26,164.98. Senators question pharma's middlemen ** Applied Optoelectronics Inc: down 3.4 pct Applied Optoelectronics: Piper Jaffray says downside risk ahead, cuts PT ** Nielsen Holdings plc: up 2.0 pct Nielsen rises on report sale could come as soon as next week ** Delta Air Lines Inc: down 1.2 pct PREVIEW: Delta Air Lines slipping as Q1 reports nears The 11 major S&P 500 sectors: 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 Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. The top three S&P 500 percentage gainers: ** Cerner Corp, up 10.5 pct ** Campbell Soup Co, up 2.4 pct ** Monster Beverage Corp, up 2.2 pct The top three S&P 500 percentage losers: ** Pentair Plc, down 14.4 pct ** Under Armour Inc, down 4.2 pct ** Advanced Micro Devices Inc, down 3.8 pct The top two NYSE percentage gainers: ** Netshoes (Cayman) Limited, up 10 pct ** Puxin Ltd, up 8.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.4 pct ** Novartis AG, down 12 pct ** Quintana Energy Services Inc, down 11.9 pct The top three Nasdaq percentage gainers: ** Command Center Inc, up 38.5 pct ** Soliton Inc, up 20.1 pct ** Chimerix Inc, up 20 pct The top three Nasdaq percentage losers: ** Zosano Pharma Corp, down 24.1 pct ** Hollysys Automation Technologies Ltd, down 23.8 pct ** Zogenix, Inc, down 23.2 pct ** Zosano Pharm Corp: down 24.1 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.5 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 23.2 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 20.0 pct Chimerix Inc shares up ** Command Center Inc: up 38.5 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 18.0 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 22.2 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.3 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 4.2 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 23.8 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 1.9 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 3.2 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.5 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 3.4 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.7 pct ** Wells Fargo & Co: down 1.2 pct ** PNC Financial Services Group, Inc: down 0.7 pct ** Bank of America Corp: down 0.9 pct U.S. big banks to report weak investment banking fees - J.P.Morgan - News ** Walt Disney Co: up 1.6 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 3.1 pct Simply Good Foods: Down after top analyst downgrades ** Geron Corp: up 7.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 8.7 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.6 pct Boeing had 0 MAX orders in March, GS sees 0 MAX deliveries in Q2 ** Pentair plc: down 14.4 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.5 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 1.7 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: Sees growth in Diagnostic business: 'upgrades' - Goldman Sachs ** Moleculin Biotech Inc: up 1.7 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 2.2 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 3.2 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 18.6 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 8.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.9 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.2 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies, Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.8 pct ** Nvidia Corp: down 1.5 pct ** Mellanox Technologies, Ltd: down 0.3 pct ** Xilinx, Inc: down 0.4 pct ** Analog Devices, Inc: down 0.9 pct ** Broadcom Inc: down 0.3 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.1 pct ** Cigna Corp: up 1.0 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.2 pct ** AmerisourceBergen Corp: down 0.8 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S. Senators question pharma's middlemen ** Applied Optoelectronics Inc: down 3.4 pct Applied Optoelectronics: Piper Jaffray says downside risk ahead, cuts PT ** Nielsen Holdings plc: up 2.0 pct Nielsen rises on report sale could come as soon as next week ** Delta Air Lines Inc: down 1.2 pct PREVIEW: Delta Air Lines slipping as Q1 reports nears The 11 major S&P 500 sectors: 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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At 13:28 ET, the Dow Jones Industrial Average was down 0.67 percent at 26,164.98. The S&P 500 was down 0.51 percent at 2,881.02 and the Nasdaq Composite was down 0.35 percent at 7,925.763. The top three S&P 500 percentage gainers: ** Cerner Corp, up 10.5 pct ** Campbell Soup Co, up 2.4 pct ** Monster Beverage Corp, up 2.2 pct The top three S&P 500 percentage losers: ** Pentair Plc, down 14.4 pct ** Under Armour Inc, down 4.2 pct ** Advanced Micro Devices Inc, down 3.8 pct The top two NYSE percentage gainers: ** Netshoes (Cayman) Limited, up 10 pct ** Puxin Ltd, up 8.5 pct The top three NYSE percentage losers: ** Pentair Plc, down 14.4 pct ** Novartis AG, down 12 pct ** Quintana Energy Services Inc, down 11.9 pct The top three Nasdaq percentage gainers: ** Command Center Inc, up 38.5 pct ** Soliton Inc, up 20.1 pct ** Chimerix Inc, up 20 pct The top three Nasdaq percentage losers: ** Zosano Pharma Corp, down 24.1 pct ** Hollysys Automation Technologies Ltd, down 23.8 pct ** Zogenix, Inc, down 23.2 pct ** Zosano Pharm Corp: down 24.1 pct Zosano Pharma: Falls on $17.5 mln equity raise to fund migraine drug ** Hawaiian Holdings Inc: up 5.5 pct Hawaiian Holdings Inc: Rises after improved Q1 outlook ** Zogenix Inc: down 23.2 pct Zogenix: Falls after epilepsy drug fails to impress U.S. FDA Street View: FDA decision could delay Zogenix's seizure drug launch to 2021 ** Chimerix Inc: up 20.0 pct Chimerix Inc shares up ** Command Center Inc: up 38.5 pct Command Center Inc: Surges after all-stock merger ** PhaseBio Pharmaceuticals, Inc: up 18.0 pct PhaseBio surges as FDA grants "breakthrough" tag for experimental drug ] ** Daré Bioscience Inc: down 22.2 pct Dare Bioscience: Slides after pricing stock offering ** H.B.Fuller: down 2.3 pct H.B.Fuller: JP Morgan downgrades as volume growth slows ** Under Armour Inc: down 4.2 pct Rivals still outshine Under Armour - B. Riley FBR ** Hollysys Automation: down 23.8 pct Hollysys Automation: JPM downgrades on doubts over capital discipline ** Facebook Inc: up 1.9 pct Facebook: Instagram Stories are monetizing now, hikes PT - Morgan Stanley ** Antero Resources: down 3.2 pct Antero Resources: Cowen initiates coverage, says hedging advantage eroding ** Vaxart Inc: down 35.5 pct Vaxart: Deep dives on shares and warrants offering ** Caesars Entertainment: down 3.4 pct Caesars Entertainment: Jefferies cuts PT on weather woes, LV Strip weakness ** JPMorgan Chase & Co: down 0.7 pct ** Wells Fargo & Co: down 1.2 pct ** PNC Financial Services Group, Inc: down 0.7 pct ** Bank of America Corp: down 0.9 pct U.S. big banks to report weak investment banking fees - J.P.Morgan - News ** Walt Disney Co: up 1.6 pct Disney: Cowen upgrades, sees positive near-term catalysts ** Simply Good Foods Co: down 3.1 pct Simply Good Foods: Down after top analyst downgrades ** Geron Corp: up 7.5 pct Geron Corp: Needham sees opportunity on return of Imetelstat rights ] ** United States Steel Corp: down 8.7 pct U.S. Steel Corp: CS cuts to 'underperform,' sets Street-low PT ** Boeing Co: down 1.6 pct Boeing had 0 MAX orders in March, GS sees 0 MAX deliveries in Q2 ** Pentair plc: down 14.4 pct Pentair: Shares go cold as weather dampens full year forecast ** Cerner Corp: up 10.5 pct Cerner poised for best day in over 5 yrs on Starboard deal, buyback plan ** Cabot Oil & Gas Corp: up 1.7 pct Cabot Oil & Gas: Cowen starts with "outperform" ** PerkinElmer Inc: up 1.8 pct PerkinElmer: Sees growth in Diagnostic business: 'upgrades' - Goldman Sachs ** Moleculin Biotech Inc: up 1.7 pct Moleculin Biotech: Up on expansion of leukemia drug program ** Principal Financial Group Inc: down 2.2 pct Principal Financial: Drops on $1.2 bln deal to buy Wells Fargo's retirement unit ** Wynn Resorts Ltd: down 3.2 pct Wynn Resorts ends 8-day winning streak on M&A talks with Crown Resorts ** FARO Technologies Inc: up 18.6 pct FARO Technologies: Set for ninth straight session of gains, names new CEO ** Lindsay Corp: down 8.2 pct Lindsay Corp hits 2-year low as trade worries knock earnings ** American Airlines Group Inc: down 1.9 pct American Airlines steers south after Q1 forecast cut ** Nutanix Inc: up 3.2 pct Nutanix floats on Hewlett Packard Enterprise cloud agreement ** Maxwell Technologies, Inc: down 5.0 pct Maxwell hits lowest since Tesla deal as offer deadline extended again ** Advanced Micro Devices, Inc: down 3.8 pct ** Nvidia Corp: down 1.5 pct ** Mellanox Technologies, Ltd: down 0.3 pct ** Xilinx, Inc: down 0.4 pct ** Analog Devices, Inc: down 0.9 pct ** Broadcom Inc: down 0.3 pct Wall Street hits pause on record-high chip rally ** UnitedHealth Group Inc: up 0.1 pct ** Cigna Corp: up 1.0 pct ** Humana Inc: down 0.2 pct ** CVS Health Corp: down 0.2 pct ** AmerisourceBergen Corp: down 0.8 pct ** McKesson Corp: down 0.6 pct Drug supply chain stocks mixed as U.S.
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The Day Ahead newsletter: The Morning News Call newsletter: U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. At 13:28 ET, the Dow Jones Industrial Average was down 0.67 percent at 26,164.98. The S&P 500 was down 0.51 percent at 2,881.02 and the Nasdaq Composite was down 0.35 percent at 7,925.763.
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6471.0
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2019-04-09 00:00:00 UTC
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American Airlines trims quarterly unit revenue forecast, shares fall 3 pct
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AAL
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https://www.nasdaq.com/articles/american-airlines-trims-quarterly-unit-revenue-forecast-shares-fall-3-pct-2019-04-09
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nan
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nan
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By Rachit Vats and Tracy Rucinski
April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting.
American said it was too early to project the total cost of the suspended operations of the 737 MAX in the wake of two deadly crashes. The No. 1 U.S. carrier owns 24 of the brand-new Boeing Co aircraft whose use was suspended around the world in March.
As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic).
American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded.
Because it is still unclear when the MAX jets will begin flying again, American said it cannot yet forecast the cost of the disruption beyond the first quarter.
American has 76 more MAX jets on order, though deliveries are on hold as Boeing works through a software fix, which will need regulatory approval.
Shares in American, which have risen about 5.5 percent so far this year, were down 2.1 percent at $33.175 in midday trading, off a session low of $32.60.
American cut its first-quarter outlook for margins, citing higher fuel prices. Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
Yet analysts said they were encouraged by the carrier's passenger revenue performance considering the quarter's headwinds, which also included the longest-ever U.S. government shutdown.
Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic).
United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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 said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. Smaller rival was the first U.S. airline to formally cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service (graphic). United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. As a result, American said it revenue per available seat mile, a closely followed measure of performance, to be flat to up 1 percent compared with the prior forecast of flat to 2 percent growth (graphic). Excluding special items, the company now expects pre-tax margin to be about 2 percent to 4 percent, compared with its prior forecast of 2.5 percent to 4.5 percent.
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By Rachit Vats and Tracy Rucinski April 9 () - American Airlines Group Inc on Tuesday trimmed its first-quarter revenue forecast after cancelling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting. American said all its 737-800 aircraft will be back in service by the end of April, but the carrier will continue to cancel about 90 flights per day through June 5 as the 737 MAX remains grounded. United Airlines, which owns 14 MAX but has managed to avoid cancellations by using larger aircraft on those routes, said on Tuesday the strategy was costing it money and could not continue forever.
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6472.0
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2019-04-09 00:00:00 UTC
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US STOCKS-Wall Street falls as trade, global growth concerns resurface
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-street-falls-trade-global-growth-concerns-resurface-2019-04-09
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* Boeing drops after deliveries sink in Q1
* U.S. threatens tariffs on European goods
* Indexes down: Dow 0.56%, S&P 0.40%, Nasdaq 0.19% (Adds comments, updates prices)
By Sruthi Shankar and Shreyashi Sanyal
April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened tariffs on European goods,while a cut in the IMF's global growth forecast fanned worriesof a slowdown.
Trade-sensitive industrial stocks .SPLRCI were among theworst hit, dropping 1.15%, followed by losses in energy .SPNY ,materials .SPLRCM and financials .SPSY .
Boeing CoBA.N shares fell 1.3% after the planemakerhanded over far fewer planes in the first quarter due to aglobal grounding of its best-selling 737 MAX jets.
3M CoMMM.N and Caterpillar IncCAT.N were down morethan 1 percent each and also weighed on the Dow.
The United States threatened to slap tariffs on hundreds ofEuropean goods on Monday as retaliation for subsidies given toAirbus AIR.PA . An EU official said the European Union hadbegun preparations to retaliate.
In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly exit of Britain from the European Union.
The outlook cut added to concerns about the upcomingearnings season, which may see its first quarterly contractionin profits since 2016.
"The IMF downgrade just shows that the odds of robust growthare not very high. It is also going to be difficult for the U.S.to maintain earnings growth especially if global growth issluggish," said Craig Birk, chief investment officer at PersonalCapital in San Francisco.
Earnings begin in earnest, with Delta Air Lines IncDAL.N reporting on Wednesday, followed by big U.S. banks later thisweek. January-March profit for S&P 500 companies is expected tofall 2.5% from last year, according to Refinitiv data.
"The market is looking at upcoming earnings as if they'rehoping it will be better than feared or people will bedismissive of it because of so many variables to blame," YousefAbbasi, INTL FCStone'sglobal marketstrategist in New York.
Capping losses on the Nasdaq was a 1 percent gain in AppleInc AAPL.O shares, which were on pace to close higher for a10th straight day in their best such winning streak sinceOctober 2010.
At 12:56 p.m. ET, the Dow Jones Industrial Average .DJI was down 146.46 points, or 0.56%, at 26,194.56. The S&P 500 .SPX was down 11.62 points, or 0.40%, at 2,884.15 and theNasdaq Composite .IXIC was down 14.79 points, or 0.19 percent,at 7,939.09.
The Dow Jones transports index .DJT fell 0.77% and was ontrack to end a four-day run of gains.
The declines were led by a 1.8% drop in American AirlinesGroup IncAAL.O after the carrier trimmed its first-quarterrevenue forecast, mainly due to the global grounding of Boeing's737 MAX jets.
Of the 11 major S&P sectors, nine were lower. Energy stocksfell 0.70% as oil prices retreated from their five-month highs. O/R
Pentair Plc shares PNR.N tumbled 14.7%, the most on theS&P 500, after the water treatment company forecast full-yearprofit below expectations.
United States Steel CorpX.N fell 8.2% after Credit Suissedowngraded the stock to "underperform".
Walt Disney CoDIS.N rose 1.9% after Cowen and Co upgradedthe company's stock to "outperform".
Declining issues outnumbered advancers for a 2.11-to-1 ratioon the NYSE and for a 1.71-to-1 ratio on the Nasdaq.
The S&P index recorded 17 new 52-week highs and no new low,while the Nasdaq recorded 42 new highs and 22 new lows. (Reporting by Sruthi Shankar and Shreyashi Sanyal in Bengaluru;Editing by Anil D'Silva) ((sruthi.shankar@thomsonreuters.com; within U.S. +1 646 2238780; outside U.S. +91 80 6749 6328; Reuters Messaging:sruthi.shankar.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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The declines were led by a 1.8% drop in American AirlinesGroup IncAAL.O after the carrier trimmed its first-quarterrevenue forecast, mainly due to the global grounding of Boeing's737 MAX jets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.56%, S&P 0.40%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened tariffs on European goods,while a cut in the IMF's global growth forecast fanned worriesof a slowdown. In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly exit of Britain from the European Union.
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The declines were led by a 1.8% drop in American AirlinesGroup IncAAL.O after the carrier trimmed its first-quarterrevenue forecast, mainly due to the global grounding of Boeing's737 MAX jets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.56%, S&P 0.40%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened tariffs on European goods,while a cut in the IMF's global growth forecast fanned worriesof a slowdown. The S&P index recorded 17 new 52-week highs and no new low,while the Nasdaq recorded 42 new highs and 22 new lows.
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The declines were led by a 1.8% drop in American AirlinesGroup IncAAL.O after the carrier trimmed its first-quarterrevenue forecast, mainly due to the global grounding of Boeing's737 MAX jets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.56%, S&P 0.40%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened tariffs on European goods,while a cut in the IMF's global growth forecast fanned worriesof a slowdown. In its third downgrade to global economic outlook sinceOctober, the International Monetary Fund (IMF) warned thatgrowth could slow further due to trade tensions and apotentially disorderly exit of Britain from the European Union.
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The declines were led by a 1.8% drop in American AirlinesGroup IncAAL.O after the carrier trimmed its first-quarterrevenue forecast, mainly due to the global grounding of Boeing's737 MAX jets. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * Boeing drops after deliveries sink in Q1 * U.S. threatens tariffs on European goods * Indexes down: Dow 0.56%, S&P 0.40%, Nasdaq 0.19% (Adds comments, updates prices) By Sruthi Shankar and Shreyashi Sanyal April 9 (Reuters) - U.S. stocks fell on Tuesday afterPresident Donald Trump threatened tariffs on European goods,while a cut in the IMF's global growth forecast fanned worriesof a slowdown. The United States threatened to slap tariffs on hundreds ofEuropean goods on Monday as retaliation for subsidies given toAirbus AIR.PA .
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6473.0
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2019-04-09 00:00:00 UTC
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Wall Street falls as trade, global growth concerns resurface
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AAL
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https://www.nasdaq.com/articles/wall-street-falls-trade-global-growth-concerns-resurface-2019-04-09
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nan
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nan
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By Sruthi Shankar and Shreyashi Sanyal
April 9 () - U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown.
Trade-sensitive industrial stocks were among the worst hit, dropping 1.15%, followed by losses in energy, materials and financials.
3M Co and Caterpillar Inc were down more than 1 percent each and also weighed on the Dow.
The United States threatened to slap tariffs on hundreds of European goods on Monday as retaliation for subsidies given to Airbus. An EU official said the European Union had begun preparations to retaliate.
In its third downgrade to global economic outlook since October, the International Monetary Fund (IMF) warned that growth could slow further due to trade tensions and a potentially disorderly exit of Britain from the European Union.
The outlook cut added to concerns about the upcoming earnings season, which may see its first quarterly contraction in profits since 2016.
"The IMF downgrade just shows that the odds of robust growth are not very high. It is also going to be difficult for the U.S. to maintain earnings growth especially if global growth is sluggish," said Craig Birk, chief investment officer at Personal Capital in San Francisco.
Earnings begin in earnest, with Delta Air Lines Inc reporting on Wednesday, followed by big U.S. banks later this week. January-March profit for S&P 500 companies is expected to fall 2.5% from last year, according to Refinitiv data.
"The market is looking at upcoming earnings as if they're hoping it will be better than feared or people will be dismissive of it because of so many variables to blame," Yousef Abbasi, INTL FCStone's global market strategist in New York.
Capping losses on the Nasdaq was a 1 percent gain in Apple Inc shares, which were on pace to close higher for a 10th straight day in their best such winning streak since October 2010.
At 12:56 p.m. ET, the Dow Jones Industrial Average was down 146.46 points, or 0.56%, at 26,194.56. The S&P 500 was down 11.62 points, or 0.40%, at 2,884.15 and the Nasdaq Composite was down 14.79 points, or 0.19 percent, at 7,939.09.
The Dow Jones transports index fell 0.77% and was on track to end a four-day run of gains.
The declines were led by a 1.8% drop in American Airlines Group Inc after the carrier trimmed its first-quarter revenue forecast, mainly due to the global grounding of Boeing's 737 MAX jets.
Of the 11 major S&P sectors, nine were lower. Energy stocks fell 0.70% as oil prices retreated from their five-month highs.
Pentair Plc shares tumbled 14.7%, the most on the S&P 500, after the water treatment company forecast full-year profit below expectations.
United States Steel Corp fell 8.2% after Credit Suisse downgraded the stock to "underperform".
Walt Disney Co rose 1.9% after Cowen and Co upgraded the company's stock to "outperform".
Declining issues outnumbered advancers for a 2.11-to-1 ratio on the NYSE and for a 1.71-to-1 ratio on the Nasdaq.
The S&P index recorded 17 new 52-week highs and no new low, while the Nasdaq recorded 42 new highs and 22 new lows.
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 Sruthi Shankar and Shreyashi Sanyal April 9 () - U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. In its third downgrade to global economic outlook since October, the International Monetary Fund (IMF) warned that growth could slow further due to trade tensions and a potentially disorderly exit of Britain from the European Union. The declines were led by a 1.8% drop in American Airlines Group Inc after the carrier trimmed its first-quarter revenue forecast, mainly due to the global grounding of Boeing's 737 MAX jets.
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By Sruthi Shankar and Shreyashi Sanyal April 9 () - U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. The United States threatened to slap tariffs on hundreds of European goods on Monday as retaliation for subsidies given to Airbus. The S&P index recorded 17 new 52-week highs and no new low, while the Nasdaq recorded 42 new highs and 22 new lows.
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By Sruthi Shankar and Shreyashi Sanyal April 9 () - U.S. stocks fell on Tuesday after President Donald Trump threatened tariffs on European goods, while a cut in the IMF's global growth forecast fanned worries of a slowdown. In its third downgrade to global economic outlook since October, the International Monetary Fund (IMF) warned that growth could slow further due to trade tensions and a potentially disorderly exit of Britain from the European Union. The S&P index recorded 17 new 52-week highs and no new low, while the Nasdaq recorded 42 new highs and 22 new lows.
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The United States threatened to slap tariffs on hundreds of European goods on Monday as retaliation for subsidies given to Airbus. "The IMF downgrade just shows that the odds of robust growth are not very high. ET, the Dow Jones Industrial Average was down 146.46 points, or 0.56%, at 26,194.56.
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6474.0
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2019-04-09 00:00:00 UTC
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Airline Stock Roundup: AAL Gives Update on MAX 737 Grounding, HA, LUV in Focus
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AAL
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https://www.nasdaq.com/articles/airline-stock-roundup-aal-gives-update-max-737-grounding-ha-luv-focus-2019-04-09-0
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nan
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nan
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In the past week, American Airlines AAL extended the grounding period of Boeing 737 Max jets untill Jun 5, 2019. Currently, the carrier has 24 such jets in its fleet. The company is awaiting further notifications on the issue from U.S. regulators.
Meanwhile, Southwest Airlines LUV received encouraging tidings on the labor front when it inked a tentative deal with Aircraft Mechanics Fraternal Association (AMFA) - the union representing its 2,400 mechanics and related employees.
On the traffic front, GOL Linhas GOL , Azul AZUL and Hawaiian Airlines - the wholly-owned subsidiary of Hawaiian Holdings HA - unveiled their respective traffic numbers for March. Traffic figures apart, Hawaiian Airlines adjusted its guidance on key metrics for the first quarter of 2019.
(Read the last Airline Stock Roundup here ).
Recap of the Past Week's Most Important Stories
1. American Airlines has joined Southwest in extending the grounding tenure of Boeing 737 Max jets in their fleet. Notably, this Fort Worth, TX-based carrier is aware that its latest decision to prevent the Boeing-made Max jets from flying for more than a month compared with the earlier projected date will increase its passengers' harassment. To mitigate the harassments caused by the prolonged cancellations, the carrier stated that it will reach out to the affected customers with available re-bookings. (Read more: American Airlines Extends 737 MAX Grounding Tenure As Well ).
2. Southwest Airlines signed an agreement in principle with AMFA (on Mar 16, 2019), following which the carrier inked a provisional deal with its mechanics' union. Now that a tentative agreement has been inked, the mechanics and related employees will vote on the same. The union intends to communicate directly with the mechanics and related employees on the ratification procedure.
The pay-related deal will become effective for five years, if the outcome of the voting procedure is favorable. In that case, the agreement becomes amendable on Aug 16, 2024. (Read more: Southwest Airlines & AMFA Ink Tentative Deal: What's Ahead? ).
Southwest Airlines carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
3. At GOL Linhas, traffic - measured in revenue passenger kilometers (RPK) - climbed 5.5% to 3.14 billion. Moreover, consolidated capacity (or available seat kilometers/ASKs) improved 4.7% to 3.96 billion. In March, this Latin American carrier witnessed a 6.4% increase in passenger count. (Read more: GOL Linhas Posts Impressive March Traffic Statistics ).
4. Consolidated traffic at Azul improved 15.6% year over year to 2.17 billion on 20.1% growth domestically and a 2.7% rise internationally. Consolidated capacity (or available seat kilometers/ASKs) expanded 15.3% to 2.68 billion, driven by a 17.5% rise in domestic capacity and an 8.5% growth in international capacity.Also, load factor (percentage of seats filled by passengers) in the month improved as traffic growth outpaced capacity expansion. (Read more: Azul's March Traffic & Load Factor Up on High Travel Demand ).
5. At Hawaiian Airlines, load factor declined 10 basis points to 86.4% as traffic growth (0.2%) was outweighed by capacity expansion (0.3%). For the first quarter of 2019, operating revenue per available seat mile (RASM) is anticipated to decline between 3% and 5%. Previous guidance was a decrease in the 3-6% range. Additionally, the company has trimmed its non-fuel unit costs guidance on account of lower costs from its Neighbor Island freighter operation. Cost per available seat mile, excluding fuel (CASM, ex-fuel), is now expected to increase in the 0.5-2.5% band, lower than 1-4% increase projected earlier.
6. Per a monthly data released by the International Air Transport Association (IATA), demand for air travel increased 5.3% year over year across the globe in February 2019. Though this rate of growth was the slowest in more than a year, it still was in line with long-term demand trends. The report also revealed a 5.4% rise in capacity (measured in available seat kilometers). With traffic growth lagging capacity expansion, load factor declined marginally to 80.6% in February.
Performance
The following table shows the price movement of the major airline players over the past week and during the last six months.
The table above shows that airline stocks exhibited a mixed trend with respect to price in the past week. The NYSE ARCA Airline Index gained 1.8% to $101.71 over the period.
Over the course of six months, the NYSE ARCA Airline Index appreciated 2.4% on impressive gains at GOL Linhas and Spirit Airlines SAVE .
What's Next in the Airline Space?
Investors will keenly await Delta Air Lines' DAL earnings report on Apr 10. With this, Delta will kick off the Q1 earnings season for the airline sector. Also, updates on Boeing 737 MAX jets are not ruled out in the coming days.
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Delta Air Lines, Inc. (DAL): Free Stock Analysis Report
Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report
Southwest Airlines Co. (LUV): Free Stock Analysis Report
Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report
AZUL SA (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.
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 past week, American Airlines AAL extended the grounding period of Boeing 737 Max jets untill Jun 5, 2019. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Notably, this Fort Worth, TX-based carrier is aware that its latest decision to prevent the Boeing-made Max jets from flying for more than a month compared with the earlier projected date will increase its passengers' harassment.
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In the past week, American Airlines AAL extended the grounding period of Boeing 737 Max jets untill Jun 5, 2019. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated capacity (or available seat kilometers/ASKs) expanded 15.3% to 2.68 billion, driven by a 17.5% rise in domestic capacity and an 8.5% growth in international capacity.Also, load factor (percentage of seats filled by passengers) in the month improved as traffic growth outpaced capacity expansion.
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Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. In the past week, American Airlines AAL extended the grounding period of Boeing 737 Max jets untill Jun 5, 2019. On the traffic front, GOL Linhas GOL , Azul AZUL and Hawaiian Airlines - the wholly-owned subsidiary of Hawaiian Holdings HA - unveiled their respective traffic numbers for March.
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In the past week, American Airlines AAL extended the grounding period of Boeing 737 Max jets untill Jun 5, 2019. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Hawaiian Holdings, Inc. (HA): Free Stock Analysis Report Southwest Airlines Co. (LUV): Free Stock Analysis Report Gol Linhas Aereas Inteligentes S.A. (GOL): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here. Consolidated traffic at Azul improved 15.6% year over year to 2.17 billion on 20.1% growth domestically and a 2.7% rise internationally.
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6475.0
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2019-04-09 00:00:00 UTC
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Wall St falls on renewed trade tensions, slowdown angst
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AAL
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https://www.nasdaq.com/articles/wall-st-falls-renewed-trade-tensions-slowdown-angst-2019-04-09
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nan
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nan
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By Stephen Culp
NEW YORK, April 9 () - Wall Street lost ground on Tuesday as tariff tensions between the United States and its European trading partners went from simmer to boil and the IMF cut its global growth outlook.
All three major stock indexes were in the red, with the S&P 500 poised to snap its eight-day rally.
Trade disputes, along with a potentially messy Brexit, led the International Monetary Fund (IMF) to cut its global economic growth forecasts and warn that further cuts could be in the offing.
"Today is essentially a headline reaction to new tariffs being proposed and the downward revisions by the IMF," said Bernard Baumohl, chief global economist at the Economic Outlook Group in Princeton.
But Baumohl pointed out that U.S. stocks have rallied this year, even though economic downturn jitters and tariff concerns have been on the horizon for some time, and with lowered first quarter earnings expectations.
"We would expect that to be reflected in stock prices," Baumohl added. "It raises an interesting question as to whether there's an asset bubble forming."
The reporting period for first-quarter earnings is set to begin in earnest, with Delta Airlines, JPMorgan Chase & Co and Wells Fargo & Co results due later in the week, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in earnings since 2016.
January-March profits for S&P 500 companies are now seen falling by 2.5% from last year, according to Refinitiv data.
The Dow Jones Industrial Average fell 196.64 points, or 0.75%, to 26,144.38, the S&P 500 lost 18.1 points, or 0.63%, to 2,877.67 and the Nasdaq Composite dropped 40.70 points, or 0.51%, to 7,913.18.
All 11 major sectors in the S&P 500 were in the red, with trade-sensitive industrials seeing the biggest percentage loss.
Boeing Co extended its losses after reporting a drop in deliveries related to its grounded 737 MAX jets. Its shares were down 1.7%.
The grounded Boeing aircraft led American Airlines Group Inc to trim its first-quarter revenue forecasts. The airliner's stock slid 1.5%.
U.S. Steel Corp dropped 9.0% following Credit Suisse's downgrade of the stock to "underperform."
Wynn Resorts Ltd dipped 3.2% after ending takeover talks with Crown Resorts.
The Philadelphia SE Semiconductor index backed off from Monday's record high, falling 1.2% as the index was pulled lower by Advanced Micro Devices and Nvidia.
Among winners, Facebook Inc rose 1.4% after Morgan Stanley upped its price target, citing growing revenues from its Instagram segment.
Walt Disney Co shares rose 1.6% following Cowen's upgrade to "outperform."
Declining issues outnumbered advancing ones on the NYSE by a 2.51-to-1 ratio; on Nasdaq, a 2.22-to-1 ratio favored decliners.
The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 45 new highs and 24 new lows.
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 Stephen Culp NEW YORK, April 9 () - Wall Street lost ground on Tuesday as tariff tensions between the United States and its European trading partners went from simmer to boil and the IMF cut its global growth outlook. "Today is essentially a headline reaction to new tariffs being proposed and the downward revisions by the IMF," said Bernard Baumohl, chief global economist at the Economic Outlook Group in Princeton. But Baumohl pointed out that U.S. stocks have rallied this year, even though economic downturn jitters and tariff concerns have been on the horizon for some time, and with lowered first quarter earnings expectations.
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By Stephen Culp NEW YORK, April 9 () - Wall Street lost ground on Tuesday as tariff tensions between the United States and its European trading partners went from simmer to boil and the IMF cut its global growth outlook. Trade disputes, along with a potentially messy Brexit, led the International Monetary Fund (IMF) to cut its global economic growth forecasts and warn that further cuts could be in the offing. The Dow Jones Industrial Average fell 196.64 points, or 0.75%, to 26,144.38, the S&P 500 lost 18.1 points, or 0.63%, to 2,877.67 and the Nasdaq Composite dropped 40.70 points, or 0.51%, to 7,913.18.
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But Baumohl pointed out that U.S. stocks have rallied this year, even though economic downturn jitters and tariff concerns have been on the horizon for some time, and with lowered first quarter earnings expectations. The reporting period for first-quarter earnings is set to begin in earnest, with Delta Airlines, JPMorgan Chase & Co and Wells Fargo & Co results due later in the week, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in earnings since 2016. The Dow Jones Industrial Average fell 196.64 points, or 0.75%, to 26,144.38, the S&P 500 lost 18.1 points, or 0.63%, to 2,877.67 and the Nasdaq Composite dropped 40.70 points, or 0.51%, to 7,913.18.
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But Baumohl pointed out that U.S. stocks have rallied this year, even though economic downturn jitters and tariff concerns have been on the horizon for some time, and with lowered first quarter earnings expectations. "We would expect that to be reflected in stock prices," Baumohl added. The grounded Boeing aircraft led American Airlines Group Inc to trim its first-quarter revenue forecasts.
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6476.0
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2019-04-09 00:00:00 UTC
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US STOCKS-Wall St drops on U.S. trade tensions with EU, IMF global outlook
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AAL
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https://www.nasdaq.com/articles/us-stocks-wall-st-drops-us-trade-tensions-eu-imf-global-outlook-2019-04-09
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nan
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nan
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(For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window)
* U.S. threatens tariffs on European goods
* IMF cuts growth forecast for 2019
* Boeing drops after deliveries sink in Q1
* Indexes down: Dow 0.72%, S&P 0.61%, Nasdaq 0.56% (Updates to market close)
By Stephen Culp
NEW YORK, April 9 (Reuters) - Trade-sensitive industrialsdragged Wall Street lower on Tuesday as tensions over tariffsbetween the United States and its European trading partners wentfrom simmer to boil and the IMF lowered its global growthoutlook.
All three major U.S. stock indexes finished the session inthe red, with the S&P 500 ending its eight-day rally.
U.S. President Donald Trump said he would impose tariffs on$11 billion of European goods, raising tensions over aircraftsubsidies that threaten to morph into a wider trade war.
"The European tariff thing caught people by surprise, justas we were working through the China (trade) issues," said PeterTuz, president of Chase Investment Counsel in Charlottesville,Virginia.
Trade disputes, along with Britain's potentially messy exitfrom the European Union, led the International Monetary Fund(IMF) to cut its global economic growth forecasts and warn thatfurther cuts could follow.
"With the IMF ... you're getting two data points thatindicate that things may soften up over the next severalmonths," Tuz added. "It gives some people reason enough to takemoney off the table."
"(But) we're right on the cusp of earnings season whichcould change everything."
First-quarter earnings season is set to begin in earnest,with Delta AirlinesDAL.N reporting on Wednesday and JPMorganChase & Co JPM.N and Wells Fargo & CoWFC.N results due onFriday, kicking off what analysts now expect to be the firstquarter to show a year-on-year decline in profits since 2016.
January-March earnings for S&P 500 companies are now seenfalling by 2.5% from last year, according to Refinitiv data.
The Dow Jones Industrial Average .DJI fell 190.44 points,or 0.72%, to 26,150.58, the S&P 500 .SPX lost 17.57 points, or0.61%, to 2,878.2 and the Nasdaq Composite .IXIC dropped 44.61points, or 0.56%, to 7,909.28.
Of the 11 major sectors in the S&P 500, all but utilities .SPLRCU and communications services .SPLRCL ended thesession in the red.
Industrials .SPLRCI posted the biggest percentage loss,falling 1.4%.
Boeing CoBA.N extended its slump after reporting a dropin deliveries related to the grounding of its 737 MAX jets.
The grounded Boeing aircraft led American Airlines Group IncAAL.O to trim its first-quarter revenue forecasts.
U.S. Steel CorpX.N slid by 10.0% following CreditSuisse's downgrade of the stock to "underperform."
Wynn Resorts LtdWYNN.O dipped 3.9% after ending takeovertalks with Crown ResortsCWN.AX .
The Philadelphia SE Semiconductor index .SOX backed offfrom Monday's record high, falling 1.1%.
Among winners, Facebook IncFB.O rose 1.5% after MorganStanley upped its price target, citing growing revenues from itsInstagram segment.
Levi Strauss & CoLEVI.N jumped 2.7% ahead of its firstquarterly report since its IPO.
Walt Disney CoDIS.N shares advanced 1.7% followingCowen's upgrade to "outperform."
Declining issues outnumbered advancing ones on the NYSE by a2.74-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.
The S&P 500 posted 17 new 52-week highs and no new lows; theNasdaq Composite recorded 51 new highs and 28 new lows.
Volume on U.S. exchanges was 6.31 billion shares, comparedto the 7.26 billion average over the last 20 trading days. (Reporting by Stephen CulpEditing by Cynthia Osterman and Susan Thomas) ((stephen.culp@thomsonreuters.com; 646-223-6076;))
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 grounded Boeing aircraft led American Airlines Group IncAAL.O to trim its first-quarter revenue forecasts. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * U.S. threatens tariffs on European goods * IMF cuts growth forecast for 2019 * Boeing drops after deliveries sink in Q1 * Indexes down: Dow 0.72%, S&P 0.61%, Nasdaq 0.56% (Updates to market close) By Stephen Culp NEW YORK, April 9 (Reuters) - Trade-sensitive industrialsdragged Wall Street lower on Tuesday as tensions over tariffsbetween the United States and its European trading partners wentfrom simmer to boil and the IMF lowered its global growthoutlook. "The European tariff thing caught people by surprise, justas we were working through the China (trade) issues," said PeterTuz, president of Chase Investment Counsel in Charlottesville,Virginia.
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The grounded Boeing aircraft led American Airlines Group IncAAL.O to trim its first-quarter revenue forecasts. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * U.S. threatens tariffs on European goods * IMF cuts growth forecast for 2019 * Boeing drops after deliveries sink in Q1 * Indexes down: Dow 0.72%, S&P 0.61%, Nasdaq 0.56% (Updates to market close) By Stephen Culp NEW YORK, April 9 (Reuters) - Trade-sensitive industrialsdragged Wall Street lower on Tuesday as tensions over tariffsbetween the United States and its European trading partners wentfrom simmer to boil and the IMF lowered its global growthoutlook. "The European tariff thing caught people by surprise, justas we were working through the China (trade) issues," said PeterTuz, president of Chase Investment Counsel in Charlottesville,Virginia.
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The grounded Boeing aircraft led American Airlines Group IncAAL.O to trim its first-quarter revenue forecasts. (For a live blog on the U.S. stock market, click LIVE/ ortype LIVE/ in a news window) * U.S. threatens tariffs on European goods * IMF cuts growth forecast for 2019 * Boeing drops after deliveries sink in Q1 * Indexes down: Dow 0.72%, S&P 0.61%, Nasdaq 0.56% (Updates to market close) By Stephen Culp NEW YORK, April 9 (Reuters) - Trade-sensitive industrialsdragged Wall Street lower on Tuesday as tensions over tariffsbetween the United States and its European trading partners wentfrom simmer to boil and the IMF lowered its global growthoutlook. Trade disputes, along with Britain's potentially messy exitfrom the European Union, led the International Monetary Fund(IMF) to cut its global economic growth forecasts and warn thatfurther cuts could follow.
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The grounded Boeing aircraft led American Airlines Group IncAAL.O to trim its first-quarter revenue forecasts. U.S. President Donald Trump said he would impose tariffs on$11 billion of European goods, raising tensions over aircraftsubsidies that threaten to morph into a wider trade war. "With the IMF ... you're getting two data points thatindicate that things may soften up over the next severalmonths," Tuz added.
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6477.0
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2019-04-09 00:00:00 UTC
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American Airlines Cuts Q1 Total Revenue Per Available Seat Mile Outlook
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AAL
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https://www.nasdaq.com/articles/american-airlines-cuts-q1-total-revenue-available-seat-mile-outlook-2019-04-09
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nan
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nan
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(RTTNews) - American Airlines Group Inc (AAL) said that it now expects its first quarter total revenue per available seat mile or TRASM to be approximately flat to up 1.0 percent year-over-year compared to its previous guidance of flat to up 2.0 percent. The change was due primarily to the impact of the government shutdown, the grounding of the company's MAX fleet, and the removal from service of the 14 737-800 aircraft.
The company expects its total pre-tax net special items in the first quarter will be approximately $70 million. Net special items principally include fleet restructuring expenses, merger integration expenses and mark-to-market adjustments for equity investments.
The company now expects first quarter consolidated CASM excluding fuel and special items to be up approximately 3.0 percent year-over-year. This decrease from previous guidance is due to lower than anticipated salaries and benefits expense.
The company now expects its first quarter pre-tax margin excluding special items to be approximately 2.0 to 4.0 percent. While the company's CASM (excluding fuel and special items) improvement was greater than the reduction in TRASM guidance, pre-tax margin estimates are lower due to the increase in fuel prices.
Non-aircraft capex is now expected to be approximately $531 million in the first quarter. This increase from previous guidance is driven by the timing of certain projects. The company does not anticipate any change to its previous full-year non-aircraft capex guidance of $1.7 billion.
Capacity for the first quarter were slightly higher than previous guidance due to a better completion factor offset, in part, by the flight cancellations.
On March 7, 2019, the company announced the unplanned removal of 14 737-800 aircraft from service for remediation work following the installation of new aircraft interiors, resulting in the cancellation of approximately 940 flights in the first quarter. Work on three of the aircraft was completed in March and the other aircraft will be returned to service throughout April with all aircraft expected to be back in service by the end of the month.
In addition, on March 13, 2019, the Federal Aviation Administration (FAA) grounded all U.S.-registered Boeing 737 MAX aircraft. The American Airlines fleet currently includes 24 Boeing MAX 8 aircraft with an additional 76 aircraft on order from Boeing. The company is complying with the FAA directive and as a result cancelled approximately 1,200 flights in the first quarter.
The company has announced further flight cancellations through June 5, 2019 assuming that its 737 MAX 8 aircraft will not be available through that date.
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 now expects its first quarter total revenue per available seat mile or TRASM to be approximately flat to up 1.0 percent year-over-year compared to its previous guidance of flat to up 2.0 percent. The change was due primarily to the impact of the government shutdown, the grounding of the company's MAX fleet, and the removal from service of the 14 737-800 aircraft. The company now expects first quarter consolidated CASM excluding fuel and special items to be up approximately 3.0 percent year-over-year.
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(RTTNews) - American Airlines Group Inc (AAL) said that it now expects its first quarter total revenue per available seat mile or TRASM to be approximately flat to up 1.0 percent year-over-year compared to its previous guidance of flat to up 2.0 percent. The company expects its total pre-tax net special items in the first quarter will be approximately $70 million. The company now expects first quarter consolidated CASM excluding fuel and special items to be up approximately 3.0 percent year-over-year.
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(RTTNews) - American Airlines Group Inc (AAL) said that it now expects its first quarter total revenue per available seat mile or TRASM to be approximately flat to up 1.0 percent year-over-year compared to its previous guidance of flat to up 2.0 percent. The company now expects first quarter consolidated CASM excluding fuel and special items to be up approximately 3.0 percent year-over-year. On March 7, 2019, the company announced the unplanned removal of 14 737-800 aircraft from service for remediation work following the installation of new aircraft interiors, resulting in the cancellation of approximately 940 flights in the first quarter.
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(RTTNews) - American Airlines Group Inc (AAL) said that it now expects its first quarter total revenue per available seat mile or TRASM to be approximately flat to up 1.0 percent year-over-year compared to its previous guidance of flat to up 2.0 percent. The company expects its total pre-tax net special items in the first quarter will be approximately $70 million. While the company's CASM (excluding fuel and special items) improvement was greater than the reduction in TRASM guidance, pre-tax margin estimates are lower due to the increase in fuel prices.
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6478.0
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2019-04-09 00:00:00 UTC
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Wall St drops on U.S. trade tensions with EU, IMF global outlook
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AAL
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https://www.nasdaq.com/articles/wall-st-drops-us-trade-tensions-eu-imf-global-outlook-2019-04-09
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nan
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nan
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By Stephen Culp
NEW YORK, April 9 () - Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook.
All three major U.S. stock indexes finished the session in the red, with the S&P 500 ending its eight-day rally.
"The European tariff thing caught people by surprise, just as we were working through the China (trade) issues," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.
Trade disputes, along with Britain's potentially messy exit from the European Union, led the International Monetary Fund (IMF) to cut its global economic growth forecasts and warn that further cuts could follow.
"With the IMF ... you're getting two data points that indicate that things may soften up over the next several months," Tuz added. "It gives some people reason enough to take money off the table."
"(But) we're right on the cusp of earnings season which could change everything."
First-quarter earnings season is set to begin in earnest, with Delta Airlines reporting on Wednesday and JPMorgan Chase & Co and Wells Fargo & Co results due on Friday, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in profits since 2016.
January-March earnings for S&P 500 companies are now seen falling by 2.5% from last year, according to Refinitiv data.
The Dow Jones Industrial Average fell 190.44 points, or 0.72%, to 26,150.58, the S&P 500 lost 17.57 points, or 0.61%, to 2,878.2 and the Nasdaq Composite dropped 44.61 points, or 0.56%, to 7,909.28.
Of the 11 major sectors in the S&P 500, all but utilities and communications services ended the session in the red.
Industrials posted the biggest percentage loss, falling 1.4%.
Boeing Co extended its slump after reporting a drop in deliveries related to the grounding of its 737 MAX jets. Its shares fell 1.5%.
The grounded Boeing aircraft led American Airlines Group Inc to trim its first-quarter revenue forecasts. The airliner's stock slid 1.7%.
U.S. Steel Corp slid by 10.0% following Credit Suisse's downgrade of the stock to "underperform."
Wynn Resorts Ltd dipped 3.9% after ending takeover talks with Crown Resorts.
The Philadelphia SE Semiconductor index backed off from Monday's record high, falling 1.1%.
Among winners, Facebook Inc rose 1.5% after Morgan Stanley upped its price target, citing growing revenues from its Instagram segment.
Levi Strauss & Co jumped 2.7% ahead of its first quarterly report since its IPO.
Walt Disney Co shares advanced 1.7% following Cowen's upgrade to "outperform."
Declining issues outnumbered advancing ones on the NYSE by a 2.74-to-1 ratio; on Nasdaq, a 2.70-to-1 ratio favored decliners.
The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 28 new lows.
Volume on U.S. exchanges was 6.31 billion shares, compared to the 7.26 billion average over the last 20 trading days.
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 European tariff thing caught people by surprise, just as we were working through the China (trade) issues," said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia. First-quarter earnings season is set to begin in earnest, with Delta Airlines reporting on Wednesday and JPMorgan Chase & Co and Wells Fargo & Co results due on Friday, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in profits since 2016. Among winners, Facebook Inc rose 1.5% after Morgan Stanley upped its price target, citing growing revenues from its Instagram segment.
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By Stephen Culp NEW YORK, April 9 () - Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook. The Dow Jones Industrial Average fell 190.44 points, or 0.72%, to 26,150.58, the S&P 500 lost 17.57 points, or 0.61%, to 2,878.2 and the Nasdaq Composite dropped 44.61 points, or 0.56%, to 7,909.28. The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 28 new lows.
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By Stephen Culp NEW YORK, April 9 () - Trade-sensitive industrials dragged Wall Street lower on Tuesday as tensions over tariffs between the United States and its European trading partners went from simmer to boil and the IMF lowered its global growth outlook. First-quarter earnings season is set to begin in earnest, with Delta Airlines reporting on Wednesday and JPMorgan Chase & Co and Wells Fargo & Co results due on Friday, kicking off what analysts now expect to be the first quarter to show a year-on-year decline in profits since 2016. The Dow Jones Industrial Average fell 190.44 points, or 0.72%, to 26,150.58, the S&P 500 lost 17.57 points, or 0.61%, to 2,878.2 and the Nasdaq Composite dropped 44.61 points, or 0.56%, to 7,909.28.
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Its shares fell 1.5%. The grounded Boeing aircraft led American Airlines Group Inc to trim its first-quarter revenue forecasts. The S&P 500 posted 17 new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 28 new lows.
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6479.0
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2019-04-08 00:00:00 UTC
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Notable Monday Option Activity: AAL, MED, FCX
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity-aal-med-fcx-2019-04-08
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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 American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $38 strike call option expiring May 17, 2019, with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange:
Medifast Inc (Symbol: MED) options are showing a volume of 822 contracts thus far today. That number of contracts represents approximately 82,200 underlying shares, working out to a sizeable 41.6% of MED's average daily trading volume over the past month, of 197,625 shares. Especially high volume was seen for the $160 strike call option expiring May 17, 2019, with 305 contracts trading so far today, representing approximately 30,500 underlying shares of MED. Below is a chart showing MED's trailing twelve month trading history, with the $160 strike highlighted in orange:
And Freeport-McMoran Copper & Gold (Symbol: FCX) options are showing a volume of 65,392 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 41% of FCX's average daily trading volume over the past month, of 15.9 million shares. Particularly high volume was seen for the $14 strike call option expiring May 17, 2019, with 18,307 contracts trading so far today, representing approximately 1.8 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $14 strike highlighted in orange:
For the various different available expirations for AAL options, MED options, or FCX options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $38 strike call option expiring May 17, 2019, with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange: Medifast Inc (Symbol: MED) options are showing a volume of 822 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $38 strike call option expiring May 17, 2019, with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL.
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Especially high volume was seen for the $38 strike call option expiring May 17, 2019, with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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6480.0
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2019-04-08 00:00:00 UTC
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Should You Invest in Airline Stocks?
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AAL
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https://www.nasdaq.com/articles/should-you-invest-airline-stocks-2019-04-08
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nan
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nan
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Most airline stocks have not rewarded their shareholders well in the first quarter of 2019. With the second crash of Boeing’s (NYSE:) 737 MAX, dark clouds have also rolled in over the industry. However, Q2 is likely to bring more cheer for investors in this area, which presents some interesting opportunities for investors.
Source:
But before you consider investing in airline stocks, you need to understand the cyclical as well as the long-term factors that drive their prices.
The following is an in-depth breakdown of the airline space:
Airline Industry: Drivers of Change
Since the first flight in 1903, the commercial air industry has grown to become one of the biggest industries in the world. In recent years, the has been increasing faster than both the domestic and global GDP levels.
In 2019, the International Air Transport Association (IATA) 0f world GDP to be spent on air travel and that North American airlines will perform best globally with a forecast 6% net post-tax profit margin. In the U.S., a strong economy, low unemployment and increased consumer spending have been the recent tailwinds for the industry.
There are several crucial that affect the industry directly as well as airline management. These factors include:
economy (such as the price of oil, business cycles and volatility)
environment (such as regulation of emissions and noise pollution)
Within this context, airlines are under constant pressure to improve performance, ensure passenger safety, increase efficiency, become technologically advanced and at the same time, excel in customer satisfaction.
Types of Airlines
Thanks to a wave of , in the U.S., four airlines — Delta Airlines (NYSE:), American Airlines (NASDAQ:), United Continental Holdings (NASDAQ:) and Southwest Airlines (NYSE:) — control about 80% of U.S. airline commerce.
These network airlines rely on the system, where the hubs serve as a base and transfer airports to get passengers to their final city. The U.S. 1978 Airline Deregulation Act initiated the liberalization of air transport as well as the cooperation between airlines. In 1988, the European Union followed the U.S. with an E.U. directive that began liberalizing the internal aviation market. Such deregulation resulted in the rapid growth of the global airline industry.
Increased liberalization coupled with globalization has encouraged major airlines to create or join inter-carrier alliances. Currently, the three largest passenger alliances are the StarAlliance, SkyTeam and Oneworld. For example, United is a member of StarAlliance, Delta belongs to SkyTeam and American is part of Oneworld.
Over the past three decades, the airline industry globally has also witnessed the increased market share of low-cost carriers (LCCs). In the U.S., there are low-cost carriers like Southwest Airlines and JetBlue (NASDAQ:). A sub-category within this sector is the ultra-low-cost carriers (ULCCs) like Spirit Airlines (NYSE:).
As European airlines, Ryanair (NASDAQ:) and easyJet (OTCMKTS:) have made strides when it comes to growth. Although these airlines initially focused on the U.K. and Ireland, all of continental Europe now witnesses the growth of the ultra-low-cost segment.
The most successful services have been to leisure destinations that previously lacked reasonably priced direct routes (such as travel destinations in Spain, Italy and France). These airlines have seen in total traffic and have captured a substantial market share from the traditional large network carriers. Industry analysts are expecting a similar growth story in the U.S., while the millennials opt out for carriers like Spirit as they try to save on their travel costs, especially to shorter destinations.
In other words, the airline industry is a dynamic and highly competitive industry, offering investors opportunities to pick stocks that have significant growth potential.
Valuing Airline Stocks
The economics of running an airline are quite complex. However, at the end of the day, like any other business, airlines need revenues to cover operating costs and become profitable.
The airline business is and substantial investment is needed to accommodate traffic growth. The industry’s two largest operating costs are fuel and labor. Increased costs in either one of them usually have a direct effect on the price of airline stocks.
The sources of operating revenue include passenger, cargo, excess baggage and other transport-related revenue.
When valuing airline stocks fundamentally, investors usually pay attention to several that describe an airline’s fundamental performance.
Available seat miles (ASM) is the preferred measure of capacity in the airline industry. For example, an airline with a single plane of 200 seats that flies 5,000 miles per day is generating 1,00,000 ASMs a day.
Revenue passenger mile (RPM) measures airline traffic, showing how many passengers an airline carries as well as how far they travel.
Load factor is the percentage of seats filled by fee-paying passengers over a certain period. In general, analysts would like to see higher load factors.
Passenger revenue per available seat mile (PRASM) is a unit of efficiency. It is the division of operating income by available seat miles (ASM). In general, higher PRASM is better.
is the average fare per passenger per mile. Yield is a dynamic metric, as it varies for different market segments and different seat classes.
Revenue per available seat mile (RASM) is an important metric for valuing ultra-low-cost carriers. It is similar to PRASM, but it includes all sources of revenue. These sources may include extra fees for baggage, seat selection, food and drink on board and the use of Wi-Fi. Generally, airline companies that have a high RASM are known to have more efficient operations and achieve profitability.
Cost per available seat mile (CASM) measures an airline’s cost in relation to its capacity. Its focus is on expenses impacting an airlines bottom line.
Analysts highlight the importance of economic activity such as GDP levels on air traffic growth and profit levels. In other words, an economic slowdown or a recession usually leads to reduced traffic and lower yields, especially in business-related travel. Individual leisure travel also decreases.
Therefore, Wall Street regards the industry as cyclical. Cyclical stocks, such as airline stocks, rise when the economy is growing and fall when the economy slows down. Fewer passengers and fewer flights lead to declining revenue and profits for airlines companies, which pressures their stock prices.
However low-cost or ultra-low-cost carriers may be able to somewhat better than established network airlines as these discount airlines operate under a lean cost structure.
In summary, an airline’s ability to prosper within this highly competitive industry depends on its productivity and cost competitiveness.
The Bottom Line on Airline Stocks
When evaluating airline stocks, in addition to looking at various fundamental metrics, I also pay attention to potential future changes and trends within a geography or society. As travel demand both in the U.S. and globally increases, well-managed airline stocks may deserve a place in a diversified portfolio.
As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities.
The post 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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These factors include: economy (such as the price of oil, business cycles and volatility) environment (such as regulation of emissions and noise pollution) Within this context, airlines are under constant pressure to improve performance, ensure passenger safety, increase efficiency, become technologically advanced and at the same time, excel in customer satisfaction. Over the past three decades, the airline industry globally has also witnessed the increased market share of low-cost carriers (LCCs). Industry analysts are expecting a similar growth story in the U.S., while the millennials opt out for carriers like Spirit as they try to save on their travel costs, especially to shorter destinations.
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Types of Airlines Thanks to a wave of , in the U.S., four airlines — Delta Airlines (NYSE:), American Airlines (NASDAQ:), United Continental Holdings (NASDAQ:) and Southwest Airlines (NYSE:) — control about 80% of U.S. airline commerce. In other words, the airline industry is a dynamic and highly competitive industry, offering investors opportunities to pick stocks that have significant growth potential. Fewer passengers and fewer flights lead to declining revenue and profits for airlines companies, which pressures their stock prices.
|
The following is an in-depth breakdown of the airline space: Airline Industry: Drivers of Change Since the first flight in 1903, the commercial air industry has grown to become one of the biggest industries in the world. Types of Airlines Thanks to a wave of , in the U.S., four airlines — Delta Airlines (NYSE:), American Airlines (NASDAQ:), United Continental Holdings (NASDAQ:) and Southwest Airlines (NYSE:) — control about 80% of U.S. airline commerce. Revenue passenger mile (RPM) measures airline traffic, showing how many passengers an airline carries as well as how far they travel.
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Passenger revenue per available seat mile (PRASM) is a unit of efficiency. Revenue per available seat mile (RASM) is an important metric for valuing ultra-low-cost carriers. Cyclical stocks, such as airline stocks, rise when the economy is growing and fall when the economy slows down.
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6481.0
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2019-04-08 00:00:00 UTC
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Delta Stock is Gaining Altitude Heading Into Earnings
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AAL
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https://www.nasdaq.com/articles/delta-stock-gaining-altitude-heading-earnings-2019-04-08
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nan
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nan
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Wednesday morning’s first-quarter earnings report from Delta Air Lines (NYSE:) should be a good one. Granted, that’s not a stretch to say, given the company’s Q1 preview posted a week ago … an announcement that sent DAL stock up a solid 6% that day, and has tacked on additional gains in the meantime.
Source:
Still, an official confirming report could fan the bullish flames, pushing shares the rest of the way back to the upper edge of a long-standing bullish trading range.
That is, if the company’s pre-earnings guidance hasn’t raised the bar unreasonably high right in front of the release. For the quarter ending in March, analysts anticipate Delta Air Lines reporting on revenue of $10.39 billion. Some observers are looking for a bottom-line figure of as much as 95 cents per share of DAL stock. The airline has topped its income estimates for six consecutive quarters.
Analysts’ expectations were adjusted upward just a few days ago, following the release of a first-quarter preview in which Delta estimated it would be and revenue growth of around 7%. That would put the top line somewhere right around $10.67 billion.
That outlook explained “overall demand remains healthy, led by corporate volume,” which should drive a 2% increase in unit (per seat, per mile flown) revenue.
DAL Stock Rerouted to Higher Altitude
The optimistic guidance and similarly optimistic analyst estimates are distinctly different than the shape of things three months earlier.
Delta’s President Glen Hauenstein “Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown.”
Delta’s rivals weren’t immune to the same headwind. American Airlines Group (NASDAQ:) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60.
Exacerbating the struggle was lower oil and jet fuel prices that prompted another margin-crimping fare ware.
American Airlines ended up though, as did United Continental Holdings (NASDAQ:). Both rival airlines have also since served up 2019 guidance that suggests the shutdown as well as worries of a global economic slowdown are largely in the rearview mirror, having never fully materialized.
Delta underscored its optimistic outlook, reporting that March’s passenger traffic was up 5.3% in the month of March, while capacity improved 5.4%.
Looking Ahead for Delta Stock
Though not terribly relevant, directly, to Delta’s top and bottom lines, undoubtedly investors will be asking about the most visible factors that impact the air travel industry in general, and Delta in particular.
Chief among concerns surrounding the former is the 737 MAX jet, from aircraft manufacturer Boeing (NYSE:). Delta doesn’t use the plane, and has no plans to do so in the foreseeable future. Passengers who may fear booking a flight on a 737 MAX flown by a rival airline, however, may choose Delta instead.
Delta also made a point of mentioning its partnership with credit card company American Express Company (NYSE:), which is expected to improve the first quarter’s unit revenue by one percentage point. American Express CEO Stephen Squeri explained “We will be working together across our card, merchant and travel businesses to expand the partnership and believe this continues to be a very attractive platform for growth that delivers substantial benefits to our customers, our partners and our shareholders.”
That deal has been extended through 2029.
The airline has also said its future growth will largely hinge on extracting more revenue by offering more higher-end, higher-margin services and seats. At the end of last year, Delta said it would be putting “less reliance” on standard cabin seats, with less than half of its 2018 revenue coming from the main cabin despite far more seats than first class or business class seats.
Those discussions will help push DAL stock around on Wednesday as much as the basic fiscal results will.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, , or follow him on Twitter, at @jbrumley.
The post 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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Granted, that’s not a stretch to say, given the company’s Q1 preview posted a week ago … an announcement that sent DAL stock up a solid 6% that day, and has tacked on additional gains in the meantime. That outlook explained “overall demand remains healthy, led by corporate volume,” which should drive a 2% increase in unit (per seat, per mile flown) revenue. American Express CEO Stephen Squeri explained “We will be working together across our card, merchant and travel businesses to expand the partnership and believe this continues to be a very attractive platform for growth that delivers substantial benefits to our customers, our partners and our shareholders.” That deal has been extended through 2029.
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For the quarter ending in March, analysts anticipate Delta Air Lines reporting on revenue of $10.39 billion. Delta’s President Glen Hauenstein “Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown.” Delta’s rivals weren’t immune to the same headwind. Delta also made a point of mentioning its partnership with credit card company American Express Company (NYSE:), which is expected to improve the first quarter’s unit revenue by one percentage point.
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Delta’s President Glen Hauenstein “Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown.” Delta’s rivals weren’t immune to the same headwind. Looking Ahead for Delta Stock Though not terribly relevant, directly, to Delta’s top and bottom lines, undoubtedly investors will be asking about the most visible factors that impact the air travel industry in general, and Delta in particular. Delta also made a point of mentioning its partnership with credit card company American Express Company (NYSE:), which is expected to improve the first quarter’s unit revenue by one percentage point.
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For the quarter ending in March, analysts anticipate Delta Air Lines reporting on revenue of $10.39 billion. Analysts’ expectations were adjusted upward just a few days ago, following the release of a first-quarter preview in which Delta estimated it would be and revenue growth of around 7%. That would put the top line somewhere right around $10.67 billion.
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6482.0
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2019-04-08 00:00:00 UTC
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Should You Invest in Airline Stocks?
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AAL
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https://www.nasdaq.com/articles/should-you-invest-in-airline-stocks-2019-04-08
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Most airline stocks have not rewarded their shareholders well in the first quarter of 2019. With the second crash of Boeing's (NYSE: BA ) 737 MAX, dark clouds have also rolled in over the industry. However, Q2 is likely to bring more cheer for investors in this area, which presents some interesting opportunities for investors.
Source: amanda kelso via Flickr (Modified)
But before you consider investing in airline stocks, you need to understand the cyclical as well as the long-term factors that drive their prices.
The following is an in-depth breakdown of the airline space:
Airline Industry: Drivers of Change
Since the first flight in 1903, the commercial air industry has grown to become one of the biggest industries in the world. In recent years, the demand for air travel has been increasing faster than both the domestic and global GDP levels.
In 2019, the International Air Transport Association (IATA) expects 1% 0f world GDP to be spent on air travel and that North American airlines will perform best globally with a forecast 6% net post-tax profit margin. In the U.S., a strong economy, low unemployment and increased consumer spending have been the recent tailwinds for the industry.
There are several crucial drivers of change that affect the industry directly as well as airline management. These factors include:
societal developments (such as urbanization and demographic changes)
economy (such as the price of oil, business cycles and volatility)
technology (such as aircraft development, cybersecurity, or the role of social media in customer engagement)
environment (such as regulation of emissions and noise pollution)
politics (such as government decisions on airspace ownership, regulatory changes, trade protection, and national or regional response to terrorist threats).
Within this context, airlines are under constant pressure to improve performance, ensure passenger safety, increase efficiency, become technologically advanced and at the same time, excel in customer satisfaction.
Types of Airlines
Thanks to a wave of mergers since 2005 , in the U.S., four airlines - Delta Airlines (NYSE: DAL ), American Airlines (NASDAQ: AAL ), United Continental Holdings (NASDAQ: UAL ) and Southwest Airlines (NYSE: LUV ) - control about 80% of U.S. airline commerce.
3 Airline Stocks That Will Help Your Portfolio Take Off
These network airlines rely on the hub-and-spoke system, where the hubs serve as a base and transfer airports to get passengers to their final city. The U.S. 1978 Airline Deregulation Act initiated the liberalization of air transport as well as the cooperation between airlines. In 1988, the European Union followed the U.S. with an E.U. directive that began liberalizing the internal aviation market. Such deregulation resulted in the rapid growth of the global airline industry.
Increased liberalization coupled with globalization has encouraged major airlines to create or join inter-carrier alliances. Currently, the three largest passenger alliances are the StarAlliance, SkyTeam and Oneworld. For example, United is a member of StarAlliance, Delta belongs to SkyTeam and American is part of Oneworld.
Over the past three decades, the airline industry globally has also witnessed the increased market share of low-cost carriers (LCCs). In the U.S., there are low-cost carriers like Southwest Airlines and JetBlue (NASDAQ: JBLU ). A sub-category within this sector is the ultra-low-cost carriers (ULCCs) like Spirit Airlines (NYSE: SAVE ).
As European airlines, Ryanair (NASDAQ: RYAAY ) and easyJet (OTCMKTS: ESYJY ) have made strides when it comes to growth. Although these airlines initially focused on the U.K. and Ireland, all of continental Europe now witnesses the growth of the ultra-low-cost segment.
The most successful services have been to leisure destinations that previously lacked reasonably priced direct routes (such as travel destinations in Spain, Italy and France). These airlines have seen exponential growth in total traffic and have captured a substantial market share from the traditional large network carriers. Industry analysts are expecting a similar growth story in the U.S. , while the millennials opt out for carriers like Spirit as they try to save on their travel costs, especially to shorter destinations.
In other words, the airline industry is a dynamic and highly competitive industry, offering investors opportunities to pick stocks that have significant growth potential.
Valuing Airline Stocks
The economics of running an airline are quite complex. However, at the end of the day, like any other business, airlines need revenues to cover operating costs and become profitable.
The airline business is capital intensive and substantial investment is needed to accommodate traffic growth. The industry's two largest operating costs are fuel and labor. Increased costs in either one of them usually have a direct effect on the price of airline stocks.
The sources of operating revenue include passenger, cargo, excess baggage and other transport-related revenue.
When valuing airline stocks fundamentally, investors usually pay attention to several industry-specific terms that describe an airline's fundamental performance.
Available seat miles (ASM) is the preferred measure of capacity in the airline industry. For example, an airline with a single plane of 200 seats that flies 5,000 miles per day is generating 1,00,000 ASMs a day.
Revenue passenger mile (RPM) measures airline traffic, showing how many passengers an airline carries as well as how far they travel.
Load factor is the percentage of seats filled by fee-paying passengers over a certain period. In general, analysts would like to see higher load factors.
Passenger revenue per available seat mile (PRASM) is a unit of efficiency. It is the division of operating income by available seat miles (ASM). In general, higher PRASM is better.
Yield is the average fare per passenger per mile. Yield is a dynamic metric, as it varies for different market segments and different seat classes.
Revenue per available seat mile (RASM) is an important metric for valuing ultra-low-cost carriers. It is similar to PRASM, but it includes all sources of revenue. These sources may include extra fees for baggage, seat selection, food and drink on board and the use of Wi-Fi. Generally, airline companies that have a high RASM are known to have more efficient operations and achieve profitability.
Cost per available seat mile (CASM) measures an airline's cost in relation to its capacity. Its focus is on expenses impacting an airlines bottom line.
Analysts highlight the importance of economic activity such as GDP levels on air traffic growth and profit levels. In other words, an economic slowdown or a recession usually leads to reduced traffic and lower yields, especially in business-related travel. Individual leisure travel also decreases.
7 Cheap Energy Stocks to Buy Now
Therefore, Wall Street regards the industry as cyclical. Cyclical stocks, such as airline stocks, rise when the economy is growing and fall when the economy slows down. Fewer passengers and fewer flights lead to declining revenue and profits for airlines companies, which pressures their stock prices.
However low-cost or ultra-low-cost carriers may be able to weather an economic downturn somewhat better than established network airlines as these discount airlines operate under a lean cost structure.
In summary, an airline's ability to prosper within this highly competitive industry depends on its productivity and cost competitiveness.
The Bottom Line on Airline Stocks
When evaluating airline stocks, in addition to looking at various fundamental metrics, I also pay attention to potential future changes and trends within a geography or society. As travel demand both in the U.S. and globally increases, well-managed airline stocks may deserve a place in a diversified portfolio.
As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities.
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The post Should You Invest in Airline Stocks? 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.
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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Types of Airlines Thanks to a wave of mergers since 2005 , in the U.S., four airlines - Delta Airlines (NYSE: DAL ), American Airlines (NASDAQ: AAL ), United Continental Holdings (NASDAQ: UAL ) and Southwest Airlines (NYSE: LUV ) - control about 80% of U.S. airline commerce. Source: amanda kelso via Flickr (Modified) But before you consider investing in airline stocks, you need to understand the cyclical as well as the long-term factors that drive their prices. These factors include: societal developments (such as urbanization and demographic changes) economy (such as the price of oil, business cycles and volatility) technology (such as aircraft development, cybersecurity, or the role of social media in customer engagement) environment (such as regulation of emissions and noise pollution) politics (such as government decisions on airspace ownership, regulatory changes, trade protection, and national or regional response to terrorist threats).
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Types of Airlines Thanks to a wave of mergers since 2005 , in the U.S., four airlines - Delta Airlines (NYSE: DAL ), American Airlines (NASDAQ: AAL ), United Continental Holdings (NASDAQ: UAL ) and Southwest Airlines (NYSE: LUV ) - control about 80% of U.S. airline commerce. In other words, the airline industry is a dynamic and highly competitive industry, offering investors opportunities to pick stocks that have significant growth potential. Fewer passengers and fewer flights lead to declining revenue and profits for airlines companies, which pressures their stock prices.
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Types of Airlines Thanks to a wave of mergers since 2005 , in the U.S., four airlines - Delta Airlines (NYSE: DAL ), American Airlines (NASDAQ: AAL ), United Continental Holdings (NASDAQ: UAL ) and Southwest Airlines (NYSE: LUV ) - control about 80% of U.S. airline commerce. The following is an in-depth breakdown of the airline space: Airline Industry: Drivers of Change Since the first flight in 1903, the commercial air industry has grown to become one of the biggest industries in the world. Revenue passenger mile (RPM) measures airline traffic, showing how many passengers an airline carries as well as how far they travel.
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Types of Airlines Thanks to a wave of mergers since 2005 , in the U.S., four airlines - Delta Airlines (NYSE: DAL ), American Airlines (NASDAQ: AAL ), United Continental Holdings (NASDAQ: UAL ) and Southwest Airlines (NYSE: LUV ) - control about 80% of U.S. airline commerce. Increased costs in either one of them usually have a direct effect on the price of airline stocks. Passenger revenue per available seat mile (PRASM) is a unit of efficiency.
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6483.0
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2019-04-08 00:00:00 UTC
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Delta Stock is Gaining Altitude Heading Into Earnings
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AAL
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https://www.nasdaq.com/articles/delta-stock-gaining-altitude-heading-earnings-2019-04-08-0
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Wednesday morning's first-quarter earnings report from Delta Air Lines (NYSE: DAL ) should be a good one. Granted, that's not a stretch to say, given the company's Q1 preview posted a week ago … an announcement that sent DAL stock up a solid 6% that day, and has tacked on additional gains in the meantime.
Source: via Delta
Still, an official confirming report could fan the bullish flames, pushing shares the rest of the way back to the upper edge of a long-standing bullish trading range.
That is, if the company's pre-earnings guidance hasn't raised the bar unreasonably high right in front of the release. For the quarter ending in March, analysts anticipate Delta Air Lines reporting earnings of 91 cents per share on revenue of $10.39 billion . Some observers are looking for a bottom-line figure of as much as 95 cents per share of DAL stock. The airline has topped its income estimates for six consecutive quarters.
Analysts' expectations were adjusted upward just a few days ago, following the release of a first-quarter preview in which Delta estimated it would be reporting income of between 85 and 95 cents per share and revenue growth of around 7%. That would put the top line somewhere right around $10.67 billion.
That outlook explained "overall demand remains healthy, led by corporate volume," which should drive a 2% increase in unit (per seat, per mile flown) revenue.
DAL Stock Rerouted to Higher Altitude
The optimistic guidance and similarly optimistic analyst estimates are distinctly different than the shape of things three months earlier.
7 High-Risk Stocks With Big Potential Rewards
Delta's President Glen Hauenstein commented within the company's Q4 report "Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown."
Delta's rivals weren't immune to the same headwind. American Airlines Group (NASDAQ: AAL ) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60.
Exacerbating the struggle was lower oil and jet fuel prices that prompted another margin-crimping fare ware.
American Airlines ended up topping fourth-quarter estimates though, as didUnited Continental Holdings (NASDAQ: UAL ). Both rival airlines have also since served up 2019 guidance that suggests the shutdown as well as worries of a global economic slowdown are largely in the rearview mirror, having never fully materialized.
Delta underscored its optimistic outlook, reporting that March's passenger traffic was up 5.3% in the month of March, while capacity improved 5.4%.
Looking Ahead for Delta Stock
Though not terribly relevant, directly, to Delta's top and bottom lines, undoubtedly investors will be asking about the most visible factors that impact the air travel industry in general, and Delta in particular.
Chief among concerns surrounding the former is the 737 MAX jet, from aircraft manufacturer Boeing (NYSE: BA ). Delta doesn't use the plane , and has no plans to do so in the foreseeable future. Passengers who may fear booking a flight on a 737 MAX flown by a rival airline, however, may choose Delta instead.
Delta also made a point of mentioning its partnership with credit card company American Express Company (NYSE: AXP ), which is expected to improve the first quarter's unit revenue by one percentage point. American Express CEO Stephen Squeri explained "We will be working together across our card, merchant and travel businesses to expand the partnership and believe this continues to be a very attractive platform for growth that delivers substantial benefits to our customers, our partners and our shareholders."
That deal has been extended through 2029.
The airline has also said its future growth will largely hinge on extracting more revenue by offering more higher-end, higher-margin services and seats. At the end of last year, Delta said it would be putting "less reliance" on standard cabin seats, with less than half of its 2018 revenue coming from the main cabin despite far more seats than first class or business class seats.
Those discussions will help push DAL stock around on Wednesday as much as the basic fiscal results will.
As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com , or follow him on Twitter , at @jbrumley.
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The post Delta Stock is Gaining Altitude Heading Into Earnings 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.
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 Group (NASDAQ: AAL ) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60. Analysts' expectations were adjusted upward just a few days ago, following the release of a first-quarter preview in which Delta estimated it would be reporting income of between 85 and 95 cents per share and revenue growth of around 7%. 7 High-Risk Stocks With Big Potential Rewards Delta's President Glen Hauenstein commented within the company's Q4 report "Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown."
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American Airlines Group (NASDAQ: AAL ) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wednesday morning's first-quarter earnings report from Delta Air Lines (NYSE: DAL ) should be a good one. For the quarter ending in March, analysts anticipate Delta Air Lines reporting earnings of 91 cents per share on revenue of $10.39 billion .
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American Airlines Group (NASDAQ: AAL ) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60. 7 High-Risk Stocks With Big Potential Rewards Delta's President Glen Hauenstein commented within the company's Q4 report "Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown." Looking Ahead for Delta Stock Though not terribly relevant, directly, to Delta's top and bottom lines, undoubtedly investors will be asking about the most visible factors that impact the air travel industry in general, and Delta in particular.
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American Airlines Group (NASDAQ: AAL ) shares fell 10% when the airline lowered its 2019 profit outlook from a range of $4.60 to $5 to a range of only $4.40 to $4.60. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Wednesday morning's first-quarter earnings report from Delta Air Lines (NYSE: DAL ) should be a good one. 7 High-Risk Stocks With Big Potential Rewards Delta's President Glen Hauenstein commented within the company's Q4 report "Our March quarter adjusted unit revenue growth is expected to be flat to up two percent including impacts from the timing of Easter, increasing currency headwinds, and the ongoing government shutdown."
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6484.0
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2019-04-08 00:00:00 UTC
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Notable Monday Option Activity: AAL, MED, FCX
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity-aal-med-fcx-2019-04-08-0
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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 American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $38 strike call option expiring May 17, 2019 , with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange:
Medifast Inc (Symbol: MED) options are showing a volume of 822 contracts thus far today. That number of contracts represents approximately 82,200 underlying shares, working out to a sizeable 41.6% of MED's average daily trading volume over the past month, of 197,625 shares. Especially high volume was seen for the $160 strike call option expiring May 17, 2019 , with 305 contracts trading so far today, representing approximately 30,500 underlying shares of MED. Below is a chart showing MED's trailing twelve month trading history, with the $160 strike highlighted in orange:
And Freeport-McMoran Copper & Gold (Symbol: FCX) options are showing a volume of 65,392 contracts thus far today. That number of contracts represents approximately 6.5 million underlying shares, working out to a sizeable 41% of FCX's average daily trading volume over the past month, of 15.9 million shares. Particularly high volume was seen for the $14 strike call option expiring May 17, 2019 , with 18,307 contracts trading so far today, representing approximately 1.8 million underlying shares of FCX. Below is a chart showing FCX's trailing twelve month trading history, with the $14 strike highlighted in orange:
For the various different available expirations for AAL options , MED options , or FCX options , visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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 $38 strike call option expiring May 17, 2019 , with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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Below is a chart showing AAL's trailing twelve month trading history, with the $38 strike highlighted in orange: Medifast Inc (Symbol: MED) options are showing a volume of 822 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares. Especially high volume was seen for the $38 strike call option expiring May 17, 2019 , with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL.
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Especially high volume was seen for the $38 strike call option expiring May 17, 2019 , with 5,320 contracts trading so far today, representing approximately 532,000 underlying shares of AAL. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Airlines Group Inc (Symbol: AAL), where a total volume of 31,126 contracts has been traded thus far today, a contract volume which is representative of approximately 3.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.7% of AAL's average daily trading volume over the past month, of 7.5 million shares.
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6485.0
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2019-04-07 00:00:00 UTC
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American Airlines Extends Boeing 737 MAX Flight Cancellations Through June 5
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AAL
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https://www.nasdaq.com/articles/american-airlines-extends-boeing-737-max-flight-cancellations-through-june-5-2019-04-07
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nan
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nan
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(RTTNews) - American Airlines Group (AAL) announced Sunday that it has extended cancellations of 90 flights each day through June 5 due to the grounding of Boeing 737 Max aircraft following two deadly crashes.
On March 24, American Airlines said it had canceled flights through April 24.
By proactively canceling these flights, the company said it is able to provide better service to its customers with availability and rebooking options.
On Friday, Boeing said plans to cut 737 MAX production by 20 percent starting mid-April.
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 (AAL) announced Sunday that it has extended cancellations of 90 flights each day through June 5 due to the grounding of Boeing 737 Max aircraft following two deadly crashes. By proactively canceling these flights, the company said it is able to provide better service to its customers with availability and rebooking options. On Friday, Boeing said plans to cut 737 MAX production by 20 percent starting mid-April.
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(RTTNews) - American Airlines Group (AAL) announced Sunday that it has extended cancellations of 90 flights each day through June 5 due to the grounding of Boeing 737 Max aircraft following two deadly crashes. On March 24, American Airlines said it had canceled flights through April 24. By proactively canceling these flights, the company said it is able to provide better service to its customers with availability and rebooking options.
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(RTTNews) - American Airlines Group (AAL) announced Sunday that it has extended cancellations of 90 flights each day through June 5 due to the grounding of Boeing 737 Max aircraft following two deadly crashes. By proactively canceling these flights, the company said it is able to provide better service to its customers with availability and rebooking options. 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 (AAL) announced Sunday that it has extended cancellations of 90 flights each day through June 5 due to the grounding of Boeing 737 Max aircraft following two deadly crashes. On March 24, American Airlines said it had canceled flights through April 24. By proactively canceling these flights, the company said it is able to provide better service to its customers with availability and rebooking options.
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6486.0
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2019-04-06 00:00:00 UTC
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Why American Airlines Group Stock Dropped 10.9% in March
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-stock-dropped-10.9-in-march-2019-04-06
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nan
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nan
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What happened
Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence.
Last year was a tough one for American Airlines, as higher fuel prices pressured profits. Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019. One analyst downgraded the stock last month, citing a lack of growth catalysts to improve profits this year.
IMAGE SOURCE: GETTY IMAGES.
So what
These concerns have weighed on stock prices of other major airlines, too. However, the sell-off may be overdone, as management expressed optimism about its performance heading into 2019 during the fourth-quarter conference call.
American Airlines has invested $25 billion over the past five years in its team, product, and fleet, which management boasted is the largest investment by any carrier in the history of aviation, and which should drive growth for shareholders.
Now what
Management expects those investments to pay off through a more reliable and consistent service for customers, including new perks such as live television for international flights and upcoming new features such as high-speed Wi-Fi and in-seat power for mobile devices.
American is also continuing to expand its network with new routes, including new flights to areas such as Tuscany, Berlin, and Croatia out of the Philadelphia hub -- all of this while focusing on generating high margin and earnings growth for investors.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group 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 March 1, 2019
John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence. Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019. Now what Management expects those investments to pay off through a more reliable and consistent service for customers, including new perks such as live television for international flights and upcoming new features such as high-speed Wi-Fi and in-seat power for mobile devices.
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence. 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
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What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence. Last year was a tough one for American Airlines, as higher fuel prices pressured profits. Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019.
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6487.0
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2019-04-06 00:00:00 UTC
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Why American Airlines Group Stock Dropped 10.9% in March
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-group-stock-dropped-109-march-2019-04-06-0
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nan
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nan
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What happened
Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence .
Last year was a tough one for American Airlines, as higher fuel prices pressured profits. Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019. One analyst downgraded the stock last month, citing a lack of growth catalysts to improve profits this year.
So what
These concerns have weighed on stock prices of other major airlines, too. However, the sell-off may be overdone, as management expressed optimism about its performance heading into 2019 during the fourth-quarter conference call.
American Airlines has invested $25 billion over the past five years in its team, product, and fleet, which management boasted is the largest investment by any carrier in the history of aviation, and which should drive growth for shareholders.
Now what
Management expects those investments to pay off through a more reliable and consistent service for customers, including new perks such as live television for international flights and upcoming new features such as high-speed Wi-Fi and in-seat power for mobile devices.
American is also continuing to expand its network with new routes, including new flights to areas such as Tuscany, Berlin, and Croatia out of the Philadelphia hub -- all of this while focusing on generating high margin and earnings growth for investors.
10 stocks we like better than American Airlines Group
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.*
David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group 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 March 1, 2019
John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence . Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019. Now what Management expects those investments to pay off through a more reliable and consistent service for customers, including new perks such as live television for international flights and upcoming new features such as high-speed Wi-Fi and in-seat power for mobile devices.
|
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
|
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence . 10 stocks we like better than American Airlines Group When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and American Airlines Group wasn't one of them!
|
What happened Shares of American Airlines Group (NASDAQ: AAL) lost 10.86% in value last month, according to data from S&P Global Market Intelligence . Last year was a tough one for American Airlines, as higher fuel prices pressured profits. Toward the end of 2018, oil prices pulled back, but some analysts are concerned that this will encourage airlines to discount airfares to compete, which could pressure profits in 2019.
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6488.0
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2019-04-05 00:00:00 UTC
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American Airlines Stock Has Some Hope on the Horizon
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AAL
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https://www.nasdaq.com/articles/american-airlines-stock-has-some-hope-horizon-2019-04-05
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nan
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nan
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The stock market has made a sharp recovery off its December lows. The nasty sentiment that ruled Wall Street last year has flipped on its head and the indices are back near all-time highs. Even the iShares Transportation Average ETF (BATS:) is within 8% of its all-time highs. Yet, American Airlines (NASDAQ:) stock is over 40% below its peak.
Source:
Despite the fact that airline businesses are now healthier than ever, AAL stock is wallowing at the bottom end of its five-year range.
It’s concerning that even when AAL has the wind at its sails, the stock still lags on Wall Street. For a better perspective, American Airlines Stock is now 15% below where it was during the November 2016 U.S. presidential elections.
Fundamentally the business is healthy. AAL has pricing power and it gives almost no more frills. Passengers now even have to pay to reserve their seats. Moreover, oil, which is a major operating expense for airlines, is well off its highs. Yet for some reason, investors still don’t trust AAL stock.
As a result, American Airlines stock is cheap. It sells at a price-to-earnings ratio of 11, which is in line with all its major competitors. So there is no froth in the stock. And these are lean valuations so the downside risk is by definition relatively small.
This is not to say that it hasn’t had its moments. AAL stock rose to $58 in January 2018. But since then it has been sliding into an abyss. And that’s where the opportunity lies. There is hope on the horizon for AAL and the opportunity is based in technicals, so we don’t have to rely on gaining the trust of traders.
How to Approach AAL Stock Today
The fall from grace has been dramatic. For over a year, American Airlines stock has been trading inside a descending channel of lower highs and lower lows. But since late last year, it has formed a trough. The lows from the October, December and March corrections are at about the same levels. So it is forming a support zone.
Moreover, this also coincides with the lows from 2016 and 2014. So it is safe to assume that AAL has fallen into a long-term pivot area. These tend to be support on the way down because both bulls and bears want to fight it out hard and this creates congestion in the price action.
So the opportunity is that the bearish channel has transformed into a descending wedge which is coming into a pinch soon. It will set lower highs without setting lower lows, thereby creating tension that will result in a breakout to start a big bounce.
The exact level that would trigger the rally is a moving target so it is best to be patient to get more clues. But it looks like if AAL closes above $36 per share it could invite momentum buyers. There will be resistance at $37.30 and near $41 per share, but the upside potential could be as high as $45 per share.
Ideally one would wait for the trigger to initiate the trade but as cheap as AAL stock is now, I can’t blame anyone who wants to jump the gun, especially if they intend to hold the stock for a long time.
Earnings are coming soon, so the implied volatility will be high in AAL. I like the idea of selling puts now and then adding the shares after the breakout happens. This way, if AAL falls on the headline, I would have a nice buffer before suffering losses.
The bottom line is that American Airlines stock has a technical opportunity coming that could carry it to ignite a big rally. This would come regardless of the lack of love on Wall Street.
Nicolas Chahine is the managing director of . As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on Twitter and .
More From InvestorPlace
The post 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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Source: Despite the fact that airline businesses are now healthier than ever, AAL stock is wallowing at the bottom end of its five-year range. It’s concerning that even when AAL has the wind at its sails, the stock still lags on Wall Street. AAL has pricing power and it gives almost no more frills.
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Source: Despite the fact that airline businesses are now healthier than ever, AAL stock is wallowing at the bottom end of its five-year range. It’s concerning that even when AAL has the wind at its sails, the stock still lags on Wall Street. AAL has pricing power and it gives almost no more frills.
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Ideally one would wait for the trigger to initiate the trade but as cheap as AAL stock is now, I can’t blame anyone who wants to jump the gun, especially if they intend to hold the stock for a long time. Source: Despite the fact that airline businesses are now healthier than ever, AAL stock is wallowing at the bottom end of its five-year range. It’s concerning that even when AAL has the wind at its sails, the stock still lags on Wall Street.
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Source: Despite the fact that airline businesses are now healthier than ever, AAL stock is wallowing at the bottom end of its five-year range. It’s concerning that even when AAL has the wind at its sails, the stock still lags on Wall Street. AAL has pricing power and it gives almost no more frills.
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6489.0
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2019-04-04 00:00:00 UTC
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Thursday’s Vital Data: American Airlines, Advanced Micro Devices and Twitter
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AAL
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https://www.nasdaq.com/articles/thursdays-vital-data%3A-american-airlines-advanced-micro-devices-and-twitter-2019-04-04
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nan
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nan
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U.S. stock futures are flashing red this morning, suggesting the five-day buying binge may finally be ready to pause. If it does, it will be a well-deserved breather. Swing traders who bought the dip a week ago have enjoyed a relatively pain-free ride to profits.
In early morning trading, futures on the Dow Jones Industrial Average are up 0.02% and S&P 500 futures are lower by 0.03%. Nasdaq-100 futures have lost 0.14%.
In the options pits, volume returned in a big way with calls leading the charge. Approximately 20.8 million calls and 17 million puts changed hands on the session.
The large disparity between calls and puts finally pushed the CBOE single-session equity put/call volume ratio to the lower end of its 2019 range. At 0.52 it’s flirting with a notching a new low for the year. Contrarians will point to the extreme reading as a cautionary development, signaling that traders have become a bit too optimistic in the short run.
Every single stock atop the options leaderboard saw call options dominate. American Airlines (NASDAQ:) took flight after Delta Air Lines (NYSE:) upped their earnings forecast for the quarter. Advanced Micro Devices (NASDAQ:) benefited from a buy rating and big price target from an analyst at Nomura. Finally, Twitter (NYSE:) notched a new two-month high.
Let’s take a closer look:
American Airlines (AAL)
Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The stock jumped 3% amid heavy volume and is up another 1.3% premarket. But apparently, buyers weren’t excited enough to bank on derivatives. Instead, it was Delta’s peer, American Airlines, that saw the most activity in its options.
Of the two, AAL stock is the uglier duckling on the price action front. It remains below both the 200-day and 50-day moving averages and is currently perched in the center of its six-month trading range. This makes it very challenging to get involved despite yesterday’s excitement in the options market.
Calls were the hot ticket on a day where total activity swelled to 349% of the average daily volume, with 135,831 total contracts traded. 78% of the sum came from call options alone.
Implied volatility remains subdued at 38%, or the 23rd percentile of its one-year range. Premiums are pricing in daily moves of 80 cents, or 2.4%.
Advanced Micro Devices (AMD)
If you ever wonder why Advanced Micro Devices sits atop the watchlist of momentum traders everywhere, then consider yesterday your answer. The stock soared 8.5% in response to good news. An analyst from Nomura initiated coverage on the company with a buy rating and rosy price target of $33. Reports that the company is set for a robust second half of the year due to a worldwide recovery in chip demand also spurred the buying.
Wednesday’s pole vault was a gift to anyone who bought the picture-perfect dip last week. If you missed it, I suggest exercising patience. Yesterday’s large-bodied candle makes it challenging to find a clean entry with low risk and high reward.
Not surprisingly, calls ruled the roost and helped to drive activity to 336% of the average daily volume. By day’s end, 908,861 total contracts traded with calls accounting for 61% of the tally.
The demand surge lifted implied volatility to 59%, which places it at the 35th percentile of its one-year range. Premiums are now baking in daily moves of $1.08, or 3.7%, so adjust your expectations accordingly.
Twitter (TWTR)
The bullish backdrop in the technology sector continues to pay dividends for Twitter. Its six-week rally reached fresh highs yesterday, bringing it a stone’s throw from finally filling last quarter’s earnings gap. Unfortunately, with mega-resistance looming overhead, hurdles remain before the blue bird becomes a viable buy candidate.
A cluster of pivot highs sits at $35 to $36.50, so look for TWTR stock to chew through them before chasing this run.
Yesterday’s 1.9% pop saw sufficient excitement to appear on the most-actives options leaderboard. As you would expect, calls drove the bus contributing 65% to the day’s total. Activity grew to 206% of the average daily volume, with 163,065 total contracts traded.
Implied volatility drifted sideways on the day and sits at 48%, or the 32nd percentile, of its one-year range. Premiums are baking in daily moves of $1.03, or 3%.
As of this writing, Tyler Craig held bullish positions in AMD. Check out his recently released to learn how to defend your portfolio against market volatility.
More From InvestorPlace
The post 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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Let’s take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. Of the two, AAL stock is the uglier duckling on the price action front. The large disparity between calls and puts finally pushed the CBOE single-session equity put/call volume ratio to the lower end of its 2019 range.
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Let’s take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. Of the two, AAL stock is the uglier duckling on the price action front. American Airlines (NASDAQ:) took flight after Delta Air Lines (NYSE:) upped their earnings forecast for the quarter.
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Let’s take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. Of the two, AAL stock is the uglier duckling on the price action front. Every single stock atop the options leaderboard saw call options dominate.
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Let’s take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. Of the two, AAL stock is the uglier duckling on the price action front. This makes it very challenging to get involved despite yesterday’s excitement in the options market.
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6490.0
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2019-04-04 00:00:00 UTC
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Thursday’s Vital Data: American Airlines, Advanced Micro Devices and Twitter
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AAL
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https://www.nasdaq.com/articles/thursdays-vital-data%3A-american-airlines-advanced-micro-devices-and-twitter-2019-04-04-0
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. stock futures are flashing red this morning, suggesting the five-day buying binge may finally be ready to pause. If it does, it will be a well-deserved breather. Swing traders who bought the dip a week ago have enjoyed a relatively pain-free ride to profits.
In early morning trading, futures on the Dow Jones Industrial Average are up 0.02% and S&P 500 futures are lower by 0.03%. Nasdaq-100 futures have lost 0.14%.
The large disparity between calls and puts finally pushed the CBOE single-session equity put/call volume ratio to the lower end of its 2019 range. At 0.52 it's flirting with a notching a new low for the year. Contrarians will point to the extreme reading as a cautionary development, signaling that traders have become a bit too optimistic in the short run.
Every single stock atop the options leaderboard saw call options dominate. American Airlines (NASDAQ: AAL ) took flight after Delta Air Lines (NYSE: DAL ) upped their earnings forecast for the quarter. Advanced Micro Devices (NASDAQ: AMD ) benefited from a buy rating and big price target from an analyst at Nomura. Finally, Twitter (NYSE: TWTR ) notched a new two-month high.
Let's take a closer look:
American Airlines (AAL)
Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The stock jumped 3% amid heavy volume and is up another 1.3% premarket. But apparently, buyers weren't excited enough to bank on derivatives. Instead, it was Delta's peer, American Airlines, that saw the most activity in its options.
The Elite 8 Stocks to Buy for Massive Outperformance
Of the two, AAL stock is the uglier duckling on the price action front. It remains below both the 200-day and 50-day moving averages and is currently perched in the center of its six-month trading range. This makes it very challenging to get involved despite yesterday's excitement in the options market.
Calls were the hot ticket on a day where total activity swelled to 349% of the average daily volume, with 135,831 total contracts traded. 78% of the sum came from call options alone.
Implied volatility remains subdued at 38%, or the 23rd percentile of its one-year range. Premiums are pricing in daily moves of 80 cents, or 2.4%.
Advanced Micro Devices (AMD)
If you ever wonder why Advanced Micro Devices sits atop the watchlist of momentum traders everywhere, then consider yesterday your answer. The stock soared 8.5% in response to good news. An analyst from Nomura initiated coverage on the company with a buy rating and rosy price target of $33. Reports that the company is set for a robust second half of the year due to a worldwide recovery in chip demand also spurred the buying.
Wednesday's pole vault was a gift to anyone who bought the picture-perfect dip last week. If you missed it, I suggest exercising patience. Yesterday's large-bodied candle makes it challenging to find a clean entry with low risk and high reward.
Not surprisingly, calls ruled the roost and helped to drive activity to 336% of the average daily volume. By day's end, 908,861 total contracts traded with calls accounting for 61% of the tally.
The demand surge lifted implied volatility to 59%, which places it at the 35th percentile of its one-year range. Premiums are now baking in daily moves of $1.08, or 3.7%, so adjust your expectations accordingly.
Twitter (TWTR)
The bullish backdrop in the technology sector continues to pay dividends for Twitter. Its six-week rally reached fresh highs yesterday, bringing it a stone's throw from finally filling last quarter's earnings gap. Unfortunately, with mega-resistance looming overhead, hurdles remain before the blue bird becomes a viable buy candidate.
A cluster of pivot highs sits at $35 to $36.50, so look for TWTR stock to chew through them before chasing this run.
Yesterday's 1.9% pop saw sufficient excitement to appear on the most-actives options leaderboard. As you would expect, calls drove the bus contributing 65% to the day's total. Activity grew to 206% of the average daily volume, with 163,065 total contracts traded.
Implied volatility drifted sideways on the day and sits at 48%, or the 32nd percentile, of its one-year range. Premiums are baking in daily moves of $1.03, or 3%.
As of this writing, Tyler Craig held bullish positions in AMD. Check out his recently releasedBear Market Survival Guideto learn how to defend your portfolio against market volatility.
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The post Thursday's Vital Data: American Airlines, Advanced Micro Devices and Twitter 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.
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 ) took flight after Delta Air Lines (NYSE: DAL ) upped their earnings forecast for the quarter. Let's take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The Elite 8 Stocks to Buy for Massive Outperformance Of the two, AAL stock is the uglier duckling on the price action front.
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American Airlines (NASDAQ: AAL ) took flight after Delta Air Lines (NYSE: DAL ) upped their earnings forecast for the quarter. Let's take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The Elite 8 Stocks to Buy for Massive Outperformance Of the two, AAL stock is the uglier duckling on the price action front.
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American Airlines (NASDAQ: AAL ) took flight after Delta Air Lines (NYSE: DAL ) upped their earnings forecast for the quarter. Let's take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The Elite 8 Stocks to Buy for Massive Outperformance Of the two, AAL stock is the uglier duckling on the price action front.
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American Airlines (NASDAQ: AAL ) took flight after Delta Air Lines (NYSE: DAL ) upped their earnings forecast for the quarter. Let's take a closer look: American Airlines (AAL) Bulls descended on the airline industry after Delta Air Lines unexpectedly increased its earnings forecast for Q1 ahead of its April 9 report. The Elite 8 Stocks to Buy for Massive Outperformance Of the two, AAL stock is the uglier duckling on the price action front.
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6491.0
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2019-04-04 00:00:00 UTC
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Ethiopian crash report highlights sensors, software, leaves questions
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AAL
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https://www.nasdaq.com/articles/ethiopian-crash-report-highlights-sensors-software-leaves-questions-2019-04-04
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nan
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nan
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By Jason Neely and Eric M. Johnson
ADDIS ABABA/SEATTLE, April 4 () - Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month's fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report.
The first substantial account of the last minutes of Ethiopian Airlines flight 302 from Addis Ababa to Nairobi on March 10 described how the captain three times called out: "Pull up" and was acknowledged by the first officer, but to no avail.
Families of the victims, regulators and travellers around the world have been waiting for signs of whether the two crashes are linked, and the extent to which Boeing technology and the actions of the Ethiopian Airlines pilots played a role.
The doomed flight crashed six minutes after take-off from Addis Ababa in clear conditions. "Most of the wreckage was found buried in the ground," said the report by the Ethiopian Civil Aviation Authority'sAccident Prevention and Investigation Bureau published on Thursday.
It recommended that Boeing review its flight-control systems and that regulators properly verify the review.
Ethiopian Transport Minister Dagmawit Moges told a news conference in the Ethiopian capital the crew had performed all the procedures recommended by Boeing, but safety experts said this was likely to spark debate with U.S. regulators and Boeing.
Boeing said its coming software fix for the anti-stall system that pushes down the plane's nose would give pilots the authority to always override the system if activated by faulty sensor data.
"I'd like to reiterate our deepest sympathies are with the families and loved ones of those who lost their lives in the accident," said Boeing Commercial Airplanes President and Chief Executive Kevin McAllister.
"We will carefully review the AIB's preliminary report, and will take any and all additional steps necessary to enhance the safety of our aircraft."
QUESTIONS RAISED
The report leaves unanswered questions, some experts said, such as why the plane's trajectory did not respond to pilot and automatic commands including two final nose up commands from the pilots about 30 seconds before the plane crashed.
"Those should literally follow each other," said one U.S.-based expert, speaking on condition of anonymity because of the sensitivity of the matter. "I think this is a more complex problem than what we initially thought."
Questions have also been raised over whether crew followed guidance not to restore power to a troublesome anti-stall system following the sensor damage, possibly caused by a bird strike. The plane was also set to unusually high thrust, data suggested.
A final report by Ethiopian authorities aided by air-safety experts from the United States and Europe is due to be published within a year.
Some pilots expressed disquiet that following Boeing's checklist for the malfunction had not appeared to work.
"If the preliminary report from the Ethiopian authorities is accurate, the pilots quickly identified the malfunction and applied the manufacturer's checklist. Following this checklist did not appear to allow the pilots to regain control of the aircraft," said Captain Jason Goldberg, spokesman for Allied Pilots Association, which represents American Airlines pilots.
The Federal Aviation Administration, which has come under fire over the way it decided to certify the plane and its so-called MCAS anti-stall software, cautioned the investigation had not yet concluded.
"We continue to work towards a full understanding of all aspects of this accident. As we learn more about the accident and findings become available, we will take appropriate action," the U.S. agency said in a statement.
Southwest Airlines Co and American Airlines Group Inc, the two largest U.S. operators of the MAX with 34 and 24 jets respectively and dozens more on order, each said on Thursday that they continued to await guidance from U.S. regulators and Boeing on when the MAX could resume flying.
Ethiopian investigators did not blame anyone for the crash, stressing the importance of international rules requiring civil probes to focus on recommendations for safer flight.
Most accidents take months of analysis because of the need to trace backwards to find a root cause from tangled evidence.
"There is a big difference between having the data and knowing the cause," a senior European investigator said.
Officials denied reports of tensions between Ethiopian officials and U.S. and other foreign investigators accredited to the probe.
"We don't have any reservations from different stakeholders who were engaged in the investigations," chief investigator Amdye Ayalew Fanta said.
Following a previous Ethiopian Airlines accident off Beirut in 2010, Addis Ababa authorities rejected the conclusions of a Lebanese investigation citing pilot error and suggested the aircraft had exploded in a possible act of sabotage.
Aviation safety analyst Paul Hayes said deeper investigation would delve into the role played by software and how pilots were able to respond, and said he hoped scars from the 2010 dispute would not get in the way of a comprehensive investigation.
"Pilots shouldn't have to cope with such an emergency situation. We need to understand what are the factors that meant these two crews were overcome," said Hayes, safety director at UK-based consultancy Flight Ascend.
"It is unusual for there to be a single cause," he added.
Ethiopian Airlines crash interactive |
Boeing 737 MAX customers interactive |
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 Jason Neely and Eric M. Johnson ADDIS ABABA/SEATTLE, April 4 () - Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month's fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report. Families of the victims, regulators and travellers around the world have been waiting for signs of whether the two crashes are linked, and the extent to which Boeing technology and the actions of the Ethiopian Airlines pilots played a role. Following a previous Ethiopian Airlines accident off Beirut in 2010, Addis Ababa authorities rejected the conclusions of a Lebanese investigation citing pilot error and suggested the aircraft had exploded in a possible act of sabotage.
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By Jason Neely and Eric M. Johnson ADDIS ABABA/SEATTLE, April 4 () - Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month's fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report. The first substantial account of the last minutes of Ethiopian Airlines flight 302 from Addis Ababa to Nairobi on March 10 described how the captain three times called out: "Pull up" and was acknowledged by the first officer, but to no avail. Ethiopian Airlines crash interactive | Boeing 737 MAX customers interactive | 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 Jason Neely and Eric M. Johnson ADDIS ABABA/SEATTLE, April 4 () - Faulty sensor readings and multiple automatic commands to push down the nose of a Boeing plane contributed to last month's fatal crash in Ethiopia, leaving the crew struggling to regain control, according to a preliminary accident report. The report leaves unanswered questions, some experts said, such as why the plane's trajectory did not respond to pilot and automatic commands including two final nose up commands from the pilots about 30 seconds before the plane crashed. Following a previous Ethiopian Airlines accident off Beirut in 2010, Addis Ababa authorities rejected the conclusions of a Lebanese investigation citing pilot error and suggested the aircraft had exploded in a possible act of sabotage.
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Boeing said its coming software fix for the anti-stall system that pushes down the plane's nose would give pilots the authority to always override the system if activated by faulty sensor data. The plane was also set to unusually high thrust, data suggested. Aviation safety analyst Paul Hayes said deeper investigation would delve into the role played by software and how pilots were able to respond, and said he hoped scars from the 2010 dispute would not get in the way of a comprehensive investigation.
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6492.0
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2019-04-03 00:00:00 UTC
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Delta Up 6% on Bullish Q1 View, Extends American Express Deal
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AAL
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https://www.nasdaq.com/articles/delta-up-6-on-bullish-q1-view-extends-american-express-deal-2019-04-03-0
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nan
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nan
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Delta Air Lines, Inc . DAL has provided an upbeat outlook for its upcoming first-quarter-2019 earnings following which, shares of the company closed at 6% higher in yesterday's trading session.
The carrier estimates adjusted earnings per share in the band of 85-95 cents, higher than the prior guidance of 70-90 cents. The mid-point (90 cents) of the guided range lies above the Zacks Consensus Estimate of 81 cents. This rosy earnings picture had a positive effect on the fellow airline players like United Airlines, the subsidiary of United Continental Holdings UAL , American Airlines AAL , Alaska Air Group ALK , JetBlue Airways and Spirit Airlines.
Apart from the earnings forecast, Delta's management stated that it expects the top line to rise approximately 7% in the first quarter. Additionally, total unit revenues (TRASM) are anticipated to inch up approximately 2% (prior view was an increase in the 0-2% range). This upside was primarily driven by healthy corporate travel demand. Moreover, the contract extension between Delta and American Express boosted the first-quarter TRASM by 1 point.
Delta Air Lines, Inc. Price
Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote
The company's non-fuel unit costs also improved on the back of a better completion factor and cost-control measures. The metric is now envisioned to either remain flat or increase up to 0.5% (previous outlook was a rise of 1-2%). Also, the pre-tax margin is expected between 7% and 8% (past outlook: 6.5-8.5%). Capacity is estimated to expand approximately 5% year over year in the soon-to-be-reported quarter. Average fuel price is projected between $2.03 and $2.08 per gallon, lying above the past prediction of $1.95-$2.05. Additionally, the effective tax rate is projected to be 23-24% in the first quarter.
Apart from the bullish forecasts, Delta's efforts to reward shareholders through dividends and share buybacks raise optimism on the stock. The carrier returned $1.6 billion to the stakeholders via dividends and share buybacks by accelerating its share repurchases worth $1 billion in the January-March period. Detailed results will be available on Apr 10. For the full year, the company aims to return nearly $2.5 billion to its shareholders.
Delta & American Express Contract Extension
Delta and American Express entered into an 11-year renewal agreement to extend the credit card partnership through 2029. As part of this deal, American Express will continue issuing Delta co-branded credit cards and some of its privileged card members will gain access to Delta's airport lounges. These members will also get the benefit of transferring points from American Express' Membership Rewards program to Delta's SkyMiles program.
This long-term partnership is expected to boost Delta's revenues to nearly $7 billion annually by 2023 compared with $3.4 billion in 2018.
March Traffic
Delta's consolidated traffic, measured in revenue passenger miles (RPMs), came in at 19.94 billion, up 5.3% year over year. Consolidated capacity (or available seat miles/ASMs) climbed 5.4% to 22.99 billion on a year-over-year basis. However, consolidated load factor or the percentage of seats filled by passengers contracted 20 basis points (bps) to 86.7% due to capacity expansion exceeding traffic growth.
In the first three months of 2019, this Zacks Rank #3 (Hold) company generated consolidated RPMs of 51.62 billion (up 4.8%) and ASMs of 62.42 billion (up 5%). Load factor in the period was 82.7% compared with 82.9% at the end of the same time frame a year ago. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .
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To read this article on Zacks.com click here.
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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.
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 rosy earnings picture had a positive effect on the fellow airline players like United Airlines, the subsidiary of United Continental Holdings UAL , American Airlines AAL , Alaska Air Group ALK , JetBlue Airways and Spirit Airlines. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. DAL has provided an upbeat outlook for its upcoming first-quarter-2019 earnings following which, shares of the company closed at 6% higher in yesterday's trading session.
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This rosy earnings picture had a positive effect on the fellow airline players like United Airlines, the subsidiary of United Continental Holdings UAL , American Airlines AAL , Alaska Air Group ALK , JetBlue Airways and Spirit Airlines. Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote The company's non-fuel unit costs also improved on the back of a better completion factor and cost-control measures.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. This rosy earnings picture had a positive effect on the fellow airline players like United Airlines, the subsidiary of United Continental Holdings UAL , American Airlines AAL , Alaska Air Group ALK , JetBlue Airways and Spirit Airlines. Delta Air Lines, Inc. Price Delta Air Lines, Inc. Price | Delta Air Lines, Inc. Quote The company's non-fuel unit costs also improved on the back of a better completion factor and cost-control measures.
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Click to get this free report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Alaska Air Group, Inc. (ALK): Free Stock Analysis Report To read this article on Zacks.com click here. This rosy earnings picture had a positive effect on the fellow airline players like United Airlines, the subsidiary of United Continental Holdings UAL , American Airlines AAL , Alaska Air Group ALK , JetBlue Airways and Spirit Airlines. Apart from the earnings forecast, Delta's management stated that it expects the top line to rise approximately 7% in the first quarter.
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6493.0
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2019-04-03 00:00:00 UTC
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What to Expect from Boeing's (BA) Q1 Earnings Amid 737 MAX Headwinds
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AAL
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https://www.nasdaq.com/articles/what-expect-boeings-ba-q1-earnings-amid-737-max-headwinds-2019-04-03-0
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nan
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nan
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Shares of Boeing BA have fallen over 8% since a 737 MAX aircraft was involved in a deadly Ethiopian Airlines crash. The aerospace giant's stock slipped 1.5% again Wednesday as new reports surfaced that suggest the pilots followed Boeing's emergency steps to combat a sudden downturn of the nose. With that said, until all the information is out, investors might want to simply see what to expect from the company's upcoming first quarter fiscal 2019 financial results.
Quick Overview
Ethiopian Airlines pilots reportedly initially followed Boeing's emergency procedures for dealing with the sudden downturn of the nose of their plane but were unable to regain control, according to a new Wall Street Journal report . Boeing in a statement asked that people not speculate until the preliminary crash report and flight data from the plane are both released.
What we do know for sure at this point is that a Boeing 737 MAX aircraft crashed shortly after takeoff on March 10 and killed all 157 people on board. Similarities to an October Lion Air crash of the same new Boeing model led to the grounding of all 737 MAX planes.
There is currently an investigation underway into the cause of the accident. And we should note that Boeing has met with American Airlines AAL , Southwest Airlines LUV , United Airlines UAL , and many others in order to review software upgrades and much more. Meanwhile, the 737 MAX fleet remains grounded.
Outlook & Earnings Trends
Obviously, there is still a ton of uncertainty. But shares of Boeing are up roughly 20% this year to outpace its peer group, which includes European rival Airbus EADSY , Lockheed Martin LMT , Northrop Grumman NOC , and General Dynamics GD . The Chicago-based firm expects to deliver between 895 and 905 new commercial aircraft in 2019 to help it easily top 2018's previous record of 806.
With that said, our current Zacks Consensus Estimate calls for Boeing's first quarter 2019 revenue to climb 3.8% to reach $24.27 billion. This would fall far short of Q4's 14% expansion but Boeing easily surpassed our estimate last quarter. Plus, Boeing's full-year 2019 revenues are projected to jump 9.5% to $110.70 billion.
At the bottom of the income statement, Boeing's adjusted Q1 earnings are expected to climb 16.8% to reach $4.25 a share. Peeking further ahead, the company's Q2 EPS figure is projected to skyrocket 41.4%, with full-year earnings expected to climb 25.6%. On top of that, the chart below shows that Boeing's earnings estimate revision activity has remained largely positive recently, especially for fiscal 2019 and 2020, despite the headwinds.
Bottom Line
Boeing is currently a Zacks Rank #1 (Strong Buy) based on its earnings estimate revision trends and also has a strong history o f quarterly earnings beats. This includes a 17% avera ge earnings surprise over the trailing four periods. Nonetheless, at this point, some investors might want to wait to buy BA stock until we see how damaging the official report is.
Boeing is scheduled to release its Q1 2019 financial results on April 24.
Is Your Investment Advisor Fumbling Your Financial Future?
See how you can more effectively safeguard your retirement with a new Special Report, "4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future."
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Southwest Airlines Co. (LUV): Free Stock Analysis Report
United Continental Holdings, Inc. (UAL): Free Stock Analysis Report
American Airlines Group Inc. (AAL): Free Stock Analysis Report
General Dynamics Corporation (GD): Free Stock Analysis Report
Lockheed Martin Corporation (LMT): Free Stock Analysis Report
Northrop Grumman Corporation (NOC): Free Stock Analysis Report
Airbus Group (EADSY): Free Stock Analysis Report
The Boeing Company (BA): Free Stock Analysis Report
To read this article on Zacks.com click here.
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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.
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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And we should note that Boeing has met with American Airlines AAL , Southwest Airlines LUV , United Airlines UAL , and many others in order to review software upgrades and much more. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. The aerospace giant's stock slipped 1.5% again Wednesday as new reports surfaced that suggest the pilots followed Boeing's emergency steps to combat a sudden downturn of the nose.
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And we should note that Boeing has met with American Airlines AAL , Southwest Airlines LUV , United Airlines UAL , and many others in order to review software upgrades and much more. Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. But shares of Boeing are up roughly 20% this year to outpace its peer group, which includes European rival Airbus EADSY , Lockheed Martin LMT , Northrop Grumman NOC , and General Dynamics GD .
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Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. And we should note that Boeing has met with American Airlines AAL , Southwest Airlines LUV , United Airlines UAL , and many others in order to review software upgrades and much more. Quick Overview Ethiopian Airlines pilots reportedly initially followed Boeing's emergency procedures for dealing with the sudden downturn of the nose of their plane but were unable to regain control, according to a new Wall Street Journal report .
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Click to get this free report Southwest Airlines Co. (LUV): Free Stock Analysis Report United Continental Holdings, Inc. (UAL): Free Stock Analysis Report American Airlines Group Inc. (AAL): Free Stock Analysis Report General Dynamics Corporation (GD): Free Stock Analysis Report Lockheed Martin Corporation (LMT): Free Stock Analysis Report Northrop Grumman Corporation (NOC): Free Stock Analysis Report Airbus Group (EADSY): Free Stock Analysis Report The Boeing Company (BA): Free Stock Analysis Report To read this article on Zacks.com click here. And we should note that Boeing has met with American Airlines AAL , Southwest Airlines LUV , United Airlines UAL , and many others in order to review software upgrades and much more. This would fall far short of Q4's 14% expansion but Boeing easily surpassed our estimate last quarter.
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6494.0
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2019-04-02 00:00:00 UTC
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4 Airline Stocks Ready to Take Flight
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AAL
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https://www.nasdaq.com/articles/4-airline-stocks-ready-to-take-flight-2019-04-02
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nan
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nan
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U.S. equities are consolidating on Tuesday, pausing for breath after a powerful rally on Monday driven by a turnaround in Chinese manufacturing activity. The market continues to focus on the action over in recently IPOed Lyft (NASDAQ:), which is breaking down from its debut price because — surprise, surprise — its actually super unprofitable.
Looking elsewhere, investors are focusing instead on stocks that have fundamental drivers behind them. Like smaller energy stocks, which I’ve focused on recently, as energy prices push higher heading into the summer driving season. Or housing names, rallying on hopes lower long-term interest rates will boost affordability and buying interest.
Another area to focus on is transportation, with airline stocks specifically seeing some buying interest on solid guidance. Here are four names to watch:
Delta Airlines (DAL)
Shares of Delta Airlines (NYSE:) are surging higher, up more than 6% as I write this, after issuing upside guidance. The move takes prices back to levels not seen since early December, jumping up and over its 200-day moving average. Management cited expectations of 7% top-line growth, margin expansion, and $1.6 billion in shareholder returns.
The company will next report results on April 10 before the bell. Analysts are looking for earnings of 80 cents per share on revenues of $10.3 billion. When the company last reported on January 15, earnings of $1.30 beat estimates by four cents on a 5% rise in revenues.
American Airlines (AAL)
Shares of American Airlines (NADAQ:) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Shares have been in a persistent downtrend since the beginning of 2018 as the airline has struggled to turn its service quality around. With 787 MAX aircraft still grounded, analysts are looking for supply constraints to bolster pricing power across the industry.
The company will next report results on April 25 before the bell. Analysts are looking for earnings of 59 cents per share on revenues of $10.6 billion. When the company last reported on January 24, earnings of $1.04 beat estimates by three cents on a 3.1% rise in revenues.
United Continental (UAL)
Shares of United Continental (NASDAQ:) are challenging both their 50-day and 200-day moving averages, rallying off of triple-bottom support near the $77.50 threshold. Watch for a run at the late November highs, which would be worth a gain of more than 15% from here. Last month, CEO Oscar Munoz said that domestic airline demand remains strong.
The company will next report results on April 17 after the close. Analysts are looking for earnings of 96 cents per share on revenues of $9.6 billion. When the company last reported on January 15, earnings of $2.41 beat estimates by 39 cents on an 11% rise in revenues.
Southwest Airlines (LUV)
Shares of Southwest (NYSE:) are pushing off of what looks like an inverse head-and-shoulders reversal pattern that traces a move back to its September high — which would be worth a gain of roughly 20% from here. Although the company was affected by the grounding of the 787 MAX airframe, investors are looking past this (on a belief Boeing (NYSE:) will be on the hook for required upgrades and fixes) to the company’s recent expansion of service to Hawaii.
The company will next report results on April 25 before the bell. Analysts are looking for earnings of 64 cents per share on revenues of $5.2 billion. When the company last reported on January 24, earnings of $1.17 beat estimates by nine cents on an 8.5% rise in revenues.
As of this writing, the writer held no positions in the aforementioned securities.
The post 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 (AAL) Shares of American Airlines (NADAQ:) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. U.S. equities are consolidating on Tuesday, pausing for breath after a powerful rally on Monday driven by a turnaround in Chinese manufacturing activity. Another area to focus on is transportation, with airline stocks specifically seeing some buying interest on solid guidance.
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American Airlines (AAL) Shares of American Airlines (NADAQ:) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Like smaller energy stocks, which I’ve focused on recently, as energy prices push higher heading into the summer driving season. Here are four names to watch: Delta Airlines (DAL) Shares of Delta Airlines (NYSE:) are surging higher, up more than 6% as I write this, after issuing upside guidance.
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American Airlines (AAL) Shares of American Airlines (NADAQ:) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. When the company last reported on January 15, earnings of $1.30 beat estimates by four cents on a 5% rise in revenues. When the company last reported on January 24, earnings of $1.04 beat estimates by three cents on a 3.1% rise in revenues.
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American Airlines (AAL) Shares of American Airlines (NADAQ:) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Like smaller energy stocks, which I’ve focused on recently, as energy prices push higher heading into the summer driving season. Another area to focus on is transportation, with airline stocks specifically seeing some buying interest on solid guidance.
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6495.0
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2019-04-02 00:00:00 UTC
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Why American Airlines Stock Has Been Cleared for Takeoff
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AAL
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https://www.nasdaq.com/articles/why-american-airlines-stock-has-been-cleared-takeoff-2019-04-02
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nan
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What do you do with a stock that has been grounded during an extraordinary rally in the broader averages? If it’s American Airlines (NASDAQ:) stock, investors should buy is and prepare for a technical-driven takeoff. Let me explain.
Source:
Since briefly flying to fresh all-time-highs back in January 2018 after a three-year corrective base, conditions in AAL stock have been anything but pleasant. In fact, it has been downright unprofitable. Shares crashed about 50% into last year’s broad-based corrective bottom. Worse yet, they have largely missed out on 2019’s first-quarter windfall performance, with AAL stock up a scant 12% from its lows.
Not that the period has been an enjoyable journey for other airlines. It hasn’t. But comparatively speaking, AAL is still sitting way back in coach compared to the first-class treatment peers United Continental (NASDAQ:) and Delta Airlines (NYSE:) have endured. So, what gives?
Truthfully, it’s hard to figure out, superficially at least, what Wall Street is thinking or failing to think about when it comes to AAL stock. There’s been no trouble with a scandalous one-off event like the one faced by United last year. And past problems such as AAL’s unhedged fuel risks haven’t been nearly as difficult over the past year.
Of course, there have been those well-publicized and all-too-common computer glitches with their flight cancellations and delays. And that has impacted AAL shares to a degree. Still, those mishaps haven’t been the exclusive ownership of American Airlines by any stretch.
And what about AAL stock earnings and its relative value compared to both its peers and the broader market? With in hand and American Airlines sporting well-below-market-and industry multiples, you’d be hard-pressed to be anything less than bullish on AAL stock. But that’s certainly not how investors are treating shares.
AAL Stock Weekly Chart
Given AAL’s supports off the price chart but with shares still largely grounded, I’m inclined to chalk up the woeful performance to poor sentiment feeding on itself. The good news is extremes in attitude and investor sentiment like those challenging AAL stock on Wall Street do eventually give way to sunnier conditions.
And with shares of American Airlines readying for takeoff (once more) and investors collectively agreeing there must be another inevitable grounding ahead, today’s trip off the tarmac looks like one worth booking. For like-minded contrarian investors agreeable with our bullish outlook, I’d simply recommend buying today’s oversold, confirmed higher-low double-bottom.
At a minimum — and despite continual groundings over the past couple years — AAL stock does maintain a strong history of flying higher out of this pattern over the near-term before turning lower. Those are great odds for nitiating a position, if you don’t overstay your welcome. And bottom line, if our forecast that history is bound not to repeat proves correct, then today’s opportunity will also prove to be highly profitable for buyers of American Airlines shares.
Investment accounts under Christopher Tyler’s management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler’s observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. . For additional market insights and related musings, follow Chris on Twitter and StockTwits.
The post 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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The good news is extremes in attitude and investor sentiment like those challenging AAL stock on Wall Street do eventually give way to sunnier conditions. At a minimum — and despite continual groundings over the past couple years — AAL stock does maintain a strong history of flying higher out of this pattern over the near-term before turning lower. Source: Since briefly flying to fresh all-time-highs back in January 2018 after a three-year corrective base, conditions in AAL stock have been anything but pleasant.
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Source: Since briefly flying to fresh all-time-highs back in January 2018 after a three-year corrective base, conditions in AAL stock have been anything but pleasant. The good news is extremes in attitude and investor sentiment like those challenging AAL stock on Wall Street do eventually give way to sunnier conditions. Worse yet, they have largely missed out on 2019’s first-quarter windfall performance, with AAL stock up a scant 12% from its lows.
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With in hand and American Airlines sporting well-below-market-and industry multiples, you’d be hard-pressed to be anything less than bullish on AAL stock. AAL Stock Weekly Chart Given AAL’s supports off the price chart but with shares still largely grounded, I’m inclined to chalk up the woeful performance to poor sentiment feeding on itself. At a minimum — and despite continual groundings over the past couple years — AAL stock does maintain a strong history of flying higher out of this pattern over the near-term before turning lower.
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And what about AAL stock earnings and its relative value compared to both its peers and the broader market? Source: Since briefly flying to fresh all-time-highs back in January 2018 after a three-year corrective base, conditions in AAL stock have been anything but pleasant. Worse yet, they have largely missed out on 2019’s first-quarter windfall performance, with AAL stock up a scant 12% from its lows.
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6496.0
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2019-04-02 00:00:00 UTC
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Delta Air Lines expects first-quarter profit above Wall Street estimates
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AAL
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https://www.nasdaq.com/articles/delta-air-lines-expects-first-quarter-profit-above-wall-street-estimates-2019-04-02
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nan
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nan
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April 2 () - Delta Air Lines Inc shares rose 7 percent on Tuesday after the No.2 U.S. airline raised its first-quarter profit estimate on the back of strong business travel demand.
The news boosted shares of rivals, with United Airlines, American Airlines and Southwest Airlines Co all up between 1 percent and 3 percent in morning trading.
Delta's announcement could soothe some nerves as investors were expecting the groundings of Boeing 737 MAX jets, a U.S. government shutdown and more-than-expected outages to pressure profits in the industry.
Last month, Southwest Airlines cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service.
On Tuesday, Atlanta-based Delta said it expects first-quarter profit of 85 cents to 95 cents per share, compared with its earlier forecast of 70 cents to 90 cents per share. Analysts currently expect earnings of 80 cents per share.
Delta also estimated capacity to be up 5 percent in the March quarter and sees a bump of about 2 percent to its total revenue per available seat mile, a closely followed measure of an airline's performance.
The airline said it now expects operating revenue for the first quarter to rise about 7 percent, compared with the 4 to 6 percent rise it had forecast earlier.
As of Monday's close, Delta shares have risen about 4 percent to $52.2 this year.
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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April 2 () - Delta Air Lines Inc shares rose 7 percent on Tuesday after the No.2 U.S. airline raised its first-quarter profit estimate on the back of strong business travel demand. Delta's announcement could soothe some nerves as investors were expecting the groundings of Boeing 737 MAX jets, a U.S. government shutdown and more-than-expected outages to pressure profits in the industry. Last month, Southwest Airlines cut its financial outlook for the year after being forced to pull its new fleet of 34 Boeing 737 MAX planes out of service.
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April 2 () - Delta Air Lines Inc shares rose 7 percent on Tuesday after the No.2 U.S. airline raised its first-quarter profit estimate on the back of strong business travel demand. On Tuesday, Atlanta-based Delta said it expects first-quarter profit of 85 cents to 95 cents per share, compared with its earlier forecast of 70 cents to 90 cents per share. The airline said it now expects operating revenue for the first quarter to rise about 7 percent, compared with the 4 to 6 percent rise it had forecast earlier.
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The news boosted shares of rivals, with United Airlines, American Airlines and Southwest Airlines Co all up between 1 percent and 3 percent in morning trading. On Tuesday, Atlanta-based Delta said it expects first-quarter profit of 85 cents to 95 cents per share, compared with its earlier forecast of 70 cents to 90 cents per share. The airline said it now expects operating revenue for the first quarter to rise about 7 percent, compared with the 4 to 6 percent rise it had forecast earlier.
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The news boosted shares of rivals, with United Airlines, American Airlines and Southwest Airlines Co all up between 1 percent and 3 percent in morning trading. On Tuesday, Atlanta-based Delta said it expects first-quarter profit of 85 cents to 95 cents per share, compared with its earlier forecast of 70 cents to 90 cents per share. Delta also estimated capacity to be up 5 percent in the March quarter and sees a bump of about 2 percent to its total revenue per available seat mile, a closely followed measure of an airline's performance.
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6497.0
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2019-04-02 00:00:00 UTC
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4 Airline Stocks Ready to Take Flight
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AAL
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https://www.nasdaq.com/articles/4-airline-stocks-ready-to-take-flight-2019-04-02-0
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nan
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nan
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InvestorPlace - Stock Market News, Stock Advice & Trading Tips
U.S. equities are consolidating on Tuesday, pausing for breath after a powerful rally on Monday driven by a turnaround in Chinese manufacturing activity. The market continues to focus on the action over in recently IPOed Lyft (NASDAQ: LYFT ), which is breaking down from its debut price because - surprise, surprise - its actually super unprofitable.
Looking elsewhere, investors are focusing instead on stocks that have fundamental drivers behind them. Like smaller energy stocks, which I've focused on recently, as energy prices push higher heading into the summer driving season. Or housing names, rallying on hopes lower long-term interest rates will boost affordability and buying interest.
5 Cannabis Stocks Set to Skyrocket -- According to Wall Street's Top Analysts
Another area to focus on is transportation, with airline stocks specifically seeing some buying interest on solid guidance. Here are four names to watch:
Delta Airlines (DAL)
Shares of Delta Airlines (NYSE: DAL ) are surging higher, up more than 6% as I write this, after issuing upside guidance. The move takes prices back to levels not seen since early December, jumping up and over its 200-day moving average. Management cited expectations of 7% top-line growth, margin expansion, and $1.6 billion in shareholder returns.
The company will next report results on April 10 before the bell. Analysts are looking for earnings of 80 cents per share on revenues of $10.3 billion. When the company last reported on January 15, earnings of $1.30 beat estimates by four cents on a 5% rise in revenues.
American Airlines (AAL)
Shares of American Airlines (NADAQ: AAL ) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Shares have been in a persistent downtrend since the beginning of 2018 as the airline has struggled to turn its service quality around. With 787 MAX aircraft still grounded, analysts are looking for supply constraints to bolster pricing power across the industry.
7 Breakout Stocks to Watch in 2019
The company will next report results on April 25 before the bell. Analysts are looking for earnings of 59 cents per share on revenues of $10.6 billion. When the company last reported on January 24, earnings of $1.04 beat estimates by three cents on a 3.1% rise in revenues.
United Continental (UAL)
Shares of United Continental (NASDAQ: UAL ) are challenging both their 50-day and 200-day moving averages, rallying off of triple-bottom support near the $77.50 threshold. Watch for a run at the late November highs, which would be worth a gain of more than 15% from here. Last month, CEO Oscar Munoz said that domestic airline demand remains strong.
The company will next report results on April 17 after the close. Analysts are looking for earnings of 96 cents per share on revenues of $9.6 billion. When the company last reported on January 15, earnings of $2.41 beat estimates by 39 cents on an 11% rise in revenues.
Southwest Airlines (LUV)
Shares of Southwest (NYSE: LUV ) are pushing off of what looks like an inverse head-and-shoulders reversal pattern that traces a move back to its September high - which would be worth a gain of roughly 20% from here. Although the company was affected by the grounding of the 787 MAX airframe, investors are looking past this (on a belief Boeing (NYSE: BA ) will be on the hook for required upgrades and fixes) to the company's recent expansion of service to Hawaii.
15 Stocks to Buy Leading the Financial Charge
The company will next report results on April 25 before the bell. Analysts are looking for earnings of 64 cents per share on revenues of $5.2 billion. When the company last reported on January 24, earnings of $1.17 beat estimates by nine cents on an 8.5% rise in revenues.
As of this writing, the writer held no positions in the aforementioned securities.
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The post 4 Airline Stocks Ready to Take Flight 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.
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) Shares of American Airlines (NADAQ: AAL ) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Management cited expectations of 7% top-line growth, margin expansion, and $1.6 billion in shareholder returns. With 787 MAX aircraft still grounded, analysts are looking for supply constraints to bolster pricing power across the industry.
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American Airlines (AAL) Shares of American Airlines (NADAQ: AAL ) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. Here are four names to watch: Delta Airlines (DAL) Shares of Delta Airlines (NYSE: DAL ) are surging higher, up more than 6% as I write this, after issuing upside guidance. United Continental (UAL) Shares of United Continental (NASDAQ: UAL ) are challenging both their 50-day and 200-day moving averages, rallying off of triple-bottom support near the $77.50 threshold.
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American Airlines (AAL) Shares of American Airlines (NADAQ: AAL ) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. When the company last reported on January 15, earnings of $1.30 beat estimates by four cents on a 5% rise in revenues. When the company last reported on January 24, earnings of $1.04 beat estimates by three cents on a 3.1% rise in revenues.
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American Airlines (AAL) Shares of American Airlines (NADAQ: AAL ) are rising off of triple-bottom support near the $29-a-share threshold, setting up another attempt at its 200-day moving average roughly 10% to the upside. 7 Breakout Stocks to Watch in 2019 The company will next report results on April 25 before the bell. More From InvestorPlace 2 Toxic Pot Stocks You Should Avoid 10 Best ETFs for 2019: A Close Race at the Front 15 Stocks to Buy Leading the Financial Charge 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 4 Airline Stocks Ready to Take Flight appeared first on InvestorPlace .
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6498.0
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2019-04-01 00:00:00 UTC
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Notable Monday Option Activity: HD, LOW, AAL
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AAL
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https://www.nasdaq.com/articles/notable-monday-option-activity-hd-low-aal-2019-04-01
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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 Home Depot Inc (Symbol: HD), where a total of 36,315 contracts have traded so far, representing approximately 3.6 million underlying shares. That amounts to about 81.3% of HD's average daily trading volume over the past month of 4.5 million shares. Especially high volume was seen for the $192.50 strike put option expiring April 05, 2019, with 4,856 contracts trading so far today, representing approximately 485,600 underlying shares of HD. Below is a chart showing HD's trailing twelve month trading history, with the $192.50 strike highlighted in orange:
Lowe's Companies Inc (Symbol: LOW) options are showing a volume of 35,957 contracts thus far today. That number of contracts represents approximately 3.6 million underlying shares, working out to a sizeable 75.6% of LOW's average daily trading volume over the past month, of 4.8 million shares. Particularly high volume was seen for the $110 strike put option expiring April 05, 2019, with 3,438 contracts trading so far today, representing approximately 343,800 underlying shares of LOW. Below is a chart showing LOW's trailing twelve month trading history, with the $110 strike highlighted in orange:
And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 52,410 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 72.7% of AAL's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $33.50 strike call option expiring April 05, 2019, with 21,203 contracts trading so far today, representing approximately 2.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $33.50 strike highlighted in orange:
For the various different available expirations for HD options, LOW options, or AAL options, visit StockOptionsChannel.com.
Today's Most Active Call & Put Options of the S&P 500 »
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 $33.50 strike call option expiring April 05, 2019, with 21,203 contracts trading so far today, representing approximately 2.1 million underlying shares of AAL. Below is a chart showing LOW's trailing twelve month trading history, with the $110 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 52,410 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 72.7% of AAL's average daily trading volume over the past month, of 7.2 million shares.
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That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 72.7% of AAL's average daily trading volume over the past month, of 7.2 million shares. Below is a chart showing LOW's trailing twelve month trading history, with the $110 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 52,410 contracts thus far today. Especially high volume was seen for the $33.50 strike call option expiring April 05, 2019, with 21,203 contracts trading so far today, representing approximately 2.1 million underlying shares of AAL.
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Especially high volume was seen for the $33.50 strike call option expiring April 05, 2019, with 21,203 contracts trading so far today, representing approximately 2.1 million underlying shares of AAL. Below is a chart showing LOW's trailing twelve month trading history, with the $110 strike highlighted in orange: And American Airlines Group Inc (Symbol: AAL) options are showing a volume of 52,410 contracts thus far today. That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 72.7% of AAL's average daily trading volume over the past month, of 7.2 million shares.
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That number of contracts represents approximately 5.2 million underlying shares, working out to a sizeable 72.7% of AAL's average daily trading volume over the past month, of 7.2 million shares. Especially high volume was seen for the $33.50 strike call option expiring April 05, 2019, with 21,203 contracts trading so far today, representing approximately 2.1 million underlying shares of AAL. Below is a chart showing AAL's trailing twelve month trading history, with the $33.50 strike highlighted in orange: For the various different available expirations for HD options, LOW options, or AAL options, visit StockOptionsChannel.com.
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6499.0
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2019-04-01 00:00:00 UTC
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U.S. airlines back up after second system glitch in a week
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AAL
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https://www.nasdaq.com/articles/us-airlines-back-after-second-system-glitch-week-2019-04-01
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nan
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April 1 () - Major U.S. airlines were back up and running on Monday after a system-wide outage delayed hundreds of flights and fired-up customer complaints on social media, the second such disruption in a week.
The Federal Aviation Administration said the root of the problem was caused by the program provided by Scottsdale, Arizona-based AeroData Inc that helps airlines measure and manage weight and balance.
The agency released a statement around 8.30 a.m. ET, saying the issue had been resolved and an FAA spokesman said it plans to look into the outage.
"A brief third-party technology issue that prevented some Delta Connection flights from being dispatched on time this morning has been resolved," Delta said.
Other airlines also reported a series of delays.
Southwest Airlines was the first carrier to report that the problem had been resolved and it would get travelers moving soon, but added that customers could expect flight delays.
A Southwest spokesman could not confirm how many flights were delayed, but said it was safe to say hundreds.
FlightAware, an airline tracking website, said Southwest had delayed 775 flights, or 18 percent of its U.S. flights on Monday.
American Airlines, JetBlue Airways Corp, United Airlines and other carriers later said the technical issue had been resolved. JetBlue added it was still dealing with residual delays, while United said about 150 flights were delayed.
Last week, several airlines had reported issues with Sabre Corp's flight reservation and booking system due to which passengers had difficulty accessing flight check-in systems.
AERODATA GLITCH, PASSENGER STORM
Just a few minutes of system downtime in AeroData can result in over 100 delayed flights and loss of revenue, according to a 2017 case study by VMware Inc.
AeroData could not be immediately reached for comment.
Customers barraged Twitter with their complaints over confusion at airports and delayed flights.
One Southwest passenger reported waiting on the tarmac in a plane in Dallas for 90 minutes after his 6 a.m. flight to New Orleans was delayed. The airline said after the systems resumed that the flight would arrive at 8.05 a.m.
"@SouthwestAir, I get the glitch, but if you could update your flight status times to current status that would help confused travelers from running frantic to catch a flight when the plane is not even waiting at the gate yet. Flight 929 not 8:50 but 'around' 10 am," a passenger tweeted (graphic).
"My number one traveling pet peeve? Not updating a flight as delayed when you know the prior flight is delayed. How hard is this to get right @AmericanAir?" said another frustrated passenger (graphic).
Other passengers reported long wait times at airports and missed connections.
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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April 1 () - Major U.S. airlines were back up and running on Monday after a system-wide outage delayed hundreds of flights and fired-up customer complaints on social media, the second such disruption in a week. The Federal Aviation Administration said the root of the problem was caused by the program provided by Scottsdale, Arizona-based AeroData Inc that helps airlines measure and manage weight and balance. Southwest Airlines was the first carrier to report that the problem had been resolved and it would get travelers moving soon, but added that customers could expect flight delays.
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April 1 () - Major U.S. airlines were back up and running on Monday after a system-wide outage delayed hundreds of flights and fired-up customer complaints on social media, the second such disruption in a week. Last week, several airlines had reported issues with Sabre Corp's flight reservation and booking system due to which passengers had difficulty accessing flight check-in systems. The airline said after the systems resumed that the flight would arrive at 8.05 a.m. "@SouthwestAir, I get the glitch, but if you could update your flight status times to current status that would help confused travelers from running frantic to catch a flight when the plane is not even waiting at the gate yet.
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Last week, several airlines had reported issues with Sabre Corp's flight reservation and booking system due to which passengers had difficulty accessing flight check-in systems. The airline said after the systems resumed that the flight would arrive at 8.05 a.m. "@SouthwestAir, I get the glitch, but if you could update your flight status times to current status that would help confused travelers from running frantic to catch a flight when the plane is not even waiting at the gate yet. Not updating a flight as delayed when you know the prior flight is delayed.
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Southwest Airlines was the first carrier to report that the problem had been resolved and it would get travelers moving soon, but added that customers could expect flight delays. A Southwest spokesman could not confirm how many flights were delayed, but said it was safe to say hundreds. Other passengers reported long wait times at airports and missed connections.
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