Company Overview and News

Southwest Scare Shows Why Airlines Need More Women Pilots - Bloomberg

2018-04-20 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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United Continental (UAL) Q1 Earnings Beat, FY18 View Bullish

2018-04-18 zacks
United Continental Holdings, Inc. (UAL - Free Report) reported better-than-expected results in the first quarter of 2018. The company’s earnings (excluding 2 cents from non-recurring items) of 50 cents surpassed the Zacks Consensus Estimate of 49 cents. Moreover, the bottom line climbed 25% year over year owing to higher revenues. Operating revenues of $9,032 million in the first quarter were also ahead of the Zacks Consensus Estimate of $9,012.
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CSX Q1 Earnings Surpass Estimates on Lower Costs, Rise Y/Y

2018-04-18 zacks
CSX Corporation (CSX - Free Report) reported first-quarter 2018 earnings of 78 cents per share, surpassing the Zacks Consensus Estimate of 66 cents. Moreover, the bottom line soared 52.9% year over year owing to lower costs. Also, revenues of $2,876 million outpaced the Zacks Consensus Estimate of $2,826 million. This apart, the top line improved marginally year over year. The earnings and revenues beat and the year-over-year improvements pleased investors.
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Temasek keen to buy into HNA’s Hong Kong carriers

However, an investment in the unlisted Hong Kong carriers by Temasek remains subject to a due diligence process that has yet to begin.
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Temasek said interested in buying into HNA’s Hong Kong airlines

2018-04-17 themalaymailonline
A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. — Reuters picSINGAPORE, April 17 — Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA's Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter.
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Singapore’s Temasek keen to buy HNA’s stakes in Hong Kong Airlines and Hong Kong Express

2018-04-17 scmp
Singapore state investor Temasek Holdings has expressed interest in buying into Chinese conglomerate HNA’s Hong Kong-based carriers, Hong Kong Airlines and Hong Kong Express Airways, according to a source familiar with the matter.
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Sonoco ThermoSafe and Cathay Pacific Cargo Launch Global Partnership to Lease PharmaPort 360 Temperature Controlled Bulk Shippers

2018-04-10 globenewswire
ARLINGTON HEIGHTS, Ill., April 10, 2018 (GLOBE NEWSWIRE) -- Sonoco ThermoSafe, a unit of Sonoco (NYSE:SON) and a leading global provider of temperature assurance packaging, and Cathay Pacific Cargo, one of the world’s largest air cargo carriers, announced a global partnership agreement for the leasing of the PharmaPort 360 temperature controlled bulk shipping container. The agreement enables pharmaceutical shippers to lease PharmaPort 360 containers directly from Cathay Pacific Cargo.
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Southwest Airlines Reports Robust March Traffic Statistics

2018-04-09 zacks
Southwest Airlines Company (LUV - Free Report) reported impressive traffic results for March. Traffic (measured in revenue passenger miles or RPMs) rose 3.7% to around 11.72 billion while capacity or available seat miles (ASMs) expanded 2.4% to 13.76 billion. Load factor (percentage of seats filled by passengers) improved 100 basis points (bps) to 85.1% in the month as traffic growth outpaced capacity expansion.
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GOL Linhas' March Traffic Rises, Upbeat Q1 Outlook Issued

2018-04-06 zacks
GOL Linhas Aereas Inteligentes S.A. (GOL - Free Report) reported air traffic figures for March. Traffic, measured in revenue passenger kilometers (RPK), inched up 0.7% to 2.97 billion. On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) slipped 0.9% to 3.78 billion, primarily due to a 3% decline in domestic capacity. While international RPK climbed 12.9%, domestic RPK slid 0.
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Ryder (R) Boosts E-Commerce Portfolio With MXD Group Buyout

2018-04-05 zacks
Ryder System, Inc. (R - Free Report) recently completed the acquisition of MXD Group for $120 million. The acquired company was an e-commerce fulfillment provider, offering a worldwide network of facilities and last mile capabilities. Benefits of the Buyout Per the agreement, Ryder acquired 109 MXD e-commerce fulfillment facilities across the United States and Canada. Additionally, the leading commercial fleet management, dedicated transportation and supply chain solutions company has obtained 21 MXD-operated cross dock hubs, 16 dedicated operations and a network of 72 third-party agent facilities.
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Alaska Air Group Arm to Start New York-San Jose Service

2018-04-05 zacks
Alaska Air Group, Inc.’s (ALK - Free Report) unit Alaska Airlines announced a new nonstop daily service connecting New York's John F. Kennedy Airport (JFK) with San Jose, CA. Operations are expected to commence from Jul 6, 2018. Additionally, the carrier will expand service between Seattle and JFK with a third daily flight. This service will also begin on the same date. Alaska Airlines will serve passengers on both the routes aboard an A320 aircraft.
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Challenges Hound Kansas City Southern: Time to Offload?

2018-04-02 zacks
Shares of Kansas City Southern (KSU - Free Report) have underperformed the industry it belongs to in the last six months on multiple headwinds. The stock has gained 2.6% compared with the industry’s 4.8% rise.
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Air China’s full-year profit hits highest since 2011 on cargo demand

2018-03-28 themalaymailonline
A worker climbs out from behind the arrival display board at the airport in Beijing, China, December 9, 2017. ― Reuters picBEIJING, March 28 — Air China Ltd yesterday posted its strongest profit since 2011, albeit missing analyst forecasts, as a buoyant cargo market and strengthening yuan helped boost earnings.
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As more ultra-long-haul flights lift off, prices for other routes sink

2018-03-22 reuters
SINGAPORE (Reuters) - Ultra-long flights like the 17-hour non-stop service Australia’s Qantas is launching from Perth to London on Saturday are doing more than stretching aircraft ranges - they are lowering ticket prices for more conventional routes, data shows.
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Cathay Pacific Is Winning Back Analysts - Bloomberg

2018-03-15 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
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