Company Overview and News
SINGAPORE: National carrier Singapore Airlines (SIA) on Thursday (May 17) topped market expectations by reporting a 148 per cent rise in full-year net profit to the highest level since 2011, as passenger and cargo revenue rose and it benefited from a transformation programme.
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JetBlue Airways Corporation (JBLU - Free Report) posted a rise in traffic figures for April. Traffic — measured in revenue passenger miles (RPMs) — improved 5.7% year over year to 4.3 billion. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) expanded 5.3% to 5.02 billion. Load factor or percentage of seats filled by passengers increased 40 basis points (bps) to 85.7% in the month as traffic growth outpaced capacity expansion.
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Southwest Airlines Co. (LUV - Free Report) reported disappointing traffic results for April. Traffic (measured in revenue passenger miles or RPMs) slipped 0.3% to around 11.2 billion while capacity or available seat miles (ASMs) inched up 1.5% to 13.57 billion. The decline in traffic is due to softness in bookings following the fatal engine failure last month. Also, load factor (percentage of seats filled by passengers) deteriorated 150 basis points (bps) to 82.
United Continental Holdings, Inc.’s (UAL - Free Report) wholly owned subsidiary, United Airlines, reported dismal traffic figures for April. Consolidated traffic, measured in revenue passenger miles (RPMs), was 18.47 billion, up 5.1% from the year-ago figure. On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) climbed 6.1% to 22.43 billion. However, load factor (percentage of seats occupied by passengers) declined 80 basis points (bps) to 82.
Hawaiian Holdings, Inc.’s (HA - Free Report) wholly owned subsidiary, Hawaiian Airlines, reported traffic figures for April. Traffic (measured in Revenue Passenger Miles or RPMs) increased 7.1% to around 1.39 billion in April. Available Seat Miles (ASMs) also climbed 7.3% to 1.63 billion in the month. However, load factor (percentage of seats filled by passengers) declined 10 basis points (bps) to 85.
Gol Linhas Aereas Inteligentes S.A. (GOL - Free Report) reported air traffic figures for April. Consolidated traffic, measured in revenue passenger kilometers (RPK), nudged up 1.9% to 2.76 billion. The metric rose 3% on the domestic front while the international figure declined 7.2%. On a year-over-year basis, consolidated capacity (or available seat kilometers/ASKs) inched up 0.8% to 3.46 billion, primarily on the back of 1.
C.H. Robinson Worldwide Inc.’s (CHRW - Free Report) first-quarter 2018 earnings per share of $1.01 beat the Zacks Consensus Estimate of 99 cents. Moreover, the bottom line improved 17.4% year over year on higher revenues and lower tax rate Total revenues rose 14.9% year over year to $3,925.3 million, surpassing the Zacks Consensus Estimate of $3,808.8 million.
BEIJING—Hainan Airlines will step up development of intercontinental business at Shenzhen, making the rich southern Chinese city its second long-haul base, after Beijing, sources close to the company said. The move will increase competitive pressure on China Southern Airlines, the dominant operator at Guangzhou, 100 km (60 mi.) away, and on Cathay Pacific Airways, based next to Shenzhen at Hong Kong.
In a bid to improve efficiency, Kansas City Southern (KSU - Free Report) has partnered with CloudMoyo to enhance its railroad operating system. The CloudMoyo Rail Transportation Management (CRTM) system will be roped in for the task. The CRTM built on CloudMoyo Transportation platform, is a next-generation system leveraging the scale of the Microsoft Azure cloud. This cloud-based solution will use analytics and artificial intelligence to improve operational performance and agility.
American Airlines Group Inc. (AAL - Free Report) has its share of positives, despite the prevalent negative sentiment due to rising fuel costs. On the flip side, with the metric persistently increasing and eating into the company’s profits, it is likely that the carrier will pass on the high-cost burden to passengers’ pockets. Notably, during first-quarter 2018 earnings release, American Airlines CEO warned of rising air fares in the near future, which bodes well for airline companies in boosting the top line.
United Parcel Service, Inc. (UPS - Free Report) reported first-quarter 2018 earnings of $1.55, beating the Zacks Consensus Estimate of $1.54 per share. The bottom line also increased 17.4% on a year-over-year basis. Results were aided by strong performances from the International and Supply Chain and Freight segments. Revenues improved 10% to $17,113 million from the year-ago quarter, outpacing the Zacks Consensus Estimate of $16,443.
Southwest Airlines Co. (LUV - Free Report) reported first-quarter 2018 earnings per share (excluding 4 cents from non-recurring items) of 75 cents, in line with the Zacks Consensus Estimate. The bottom line however, surged on a year-over-year basis. Operating revenues of $4,944 million lagged the Zacks Consensus Estimate of $5,017.6 million. However, the top line improved year over year and was boosted by high passenger revenues accounting for bulk (92.
Allegiant Travel Company (ALGT - Free Report) reported first-quarter earnings of $3.42 per share, well above the Zacks Consensus Estimate of $3. Also, the bottom line improved significantly on a year-over-year basis. Results were aided by the strong demand for air travel. Quarterly revenues increased in double-digits year over year to $425.4 million, marginally above the Zacks Consensus Estimate of $425.
2018-05-21 - Asif
Overview Anthera Pharmaceuticals, Inc. is a biopharmaceutical company focused on advancing the development and commercialization of innovative medicines that benefit patients with unmet medical needs. The company currently have two compounds in development, Sollpura and blisibimod. The company licensed Sollpura from Eli Lilly & Co (“Eli Lilly”) in July 2014. Sollpura is a novel non-porcine investigational Pancreatic Enzyme Replacement Therapy (“PERT”) intended for the treatment of patients with Exocrine Pancreatic Insufficiency (“EPI”), often seen in patients with cystic fibrosis and other conditions. The company licensed blisibimod from Amgen, Inc. (“Amgen”) in December 2007. Blisibimod targets B-cell activating factor, or BAFF, which has been shown to be elevated in a variety of B-cell mediated autoimmune diseases, including Immunoglobulin A nephropathy, or IgA nephropathy. Sollpura The exocrine pancreas is responsible for synthesis and secretion of digestive en...
2018-05-21 - Asif
Business Agenus is a clinical-stage immuno-oncology (“I-O”) company dedicated to becoming a leader in the discovery and development of innovative combination therapies and committed to bringing effective medicines to patients with cancer. The company's business is designed to drive success in I-O through speed, innovation, and effective combination therapies. Agenus has assembled fully integrated capabilities from novel target discovery, antibody generation, cell line development, and good manufacturing practice (“GMP”) manufacturing together with a comprehensive portfolio consisting of antibody-based therapeutics, adjuvants and cancer vaccine platforms. The company leverage its immune biology platforms to identify effective combination therapies for development and have developed productive partnerships to advance its innovation. The company believe the next generation of cancer treatment will build on clinically validated antibodies targeting CTLA-4 and PD-1 combined wi...
2018-05-21 - Asif
Business The company started Square in February 2009 to enable businesses (sellers) to accept card payments, an important capability that was previously inaccessible to many businesses. However, sellers also need innovative solutions to thrive, and Square has since expanded to provide additional products and services to give these businesses access to the same tools as large businesses. This approach aligns with its purpose of economic empowerment, as everything the company do should give sellers accessible, affordable tools to grow their businesses and participate in the economy. Square is a cohesive commerce ecosystem that helps its sellers start, run, and grow their businesses. The company combine sophisticated software with affordable hardware to enable sellers to turn mobile and computing devices into powerful payment and point-of-sale solutions. Square has high seller acceptance rates and fast onboarding, while maintaining low risk and fraud losses as a result of its a...
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