Company Overview and News
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With the Q4 earnings season at the tail end, January traffic reports for airline companies have been dominating the headlines over the past five trading days. In fact, key airline players like United Continental Holdings (UAL - Free Report) , Southwest Airlines (LUV - Free Report) , JetBlue Airways (JBLU - Free Report) and GOL Linhas Aereas Inteligentes S.A. (GOL - Free Report) unveiled their respective traffic reports for the first month of 2018. (12-0)
Over the last five trading days, the likes of Spirit Airlines (SAVE - Free Report) , Allegiant Travel Company (ALGT - Free Report) and SkyWest (SKYW - Free Report) reported better-than-expected earnings per share and revenues in the fourth quarter of 2017. While, Allegiant and SkyWest’s bottom line expanded year over year, the same declined at Spirit Airlines due to higher costs. (29-0)
The past week in the airline space was all about numbers, with several airline companies like American Airlines Group (AAL - Free Report) , Southwest Airlines (LUV - Free Report) , Hawaiian Holdings (HA - Free Report) and JetBlue Airways Corp. (JBLU - Free Report) reporting their respective fourth-quarter 2017 earnings results. (63-0)
Alaska Air's 2017 numbers ended up short of where they were expected to in early 2017, as PRASM declined more significantly and costs rose more than expected. (2-0)
Benchmarks ended in the red on Monday following a shift in investment from equities to bonds after Treasury bond yields reached their best level since April 2014. Expectations of an increase in growth and inflation boosted yield on the U.S. 10-year Treasury note, following which sectors like real estate and utilities that are considered as alternatives to bonds declined. (194-0)
Hawaiian Holdings’ (HA - Free Report) fourth-quarter 2017 earnings per share (excluding $2.19 from non-recurring items) of $1.10 were in line with the Zacks Consensus Estimate. Quarterly revenues of $686.5 million marginally fell short of the Zacks Consensus Estimate. While the bottom line declined 14.1% due to high costs, the top line increased 8.5% on a year-over-year basis. Passenger revenues accounted for bulk (give the percentage) of the top line.
Hawaiian Holdings, Inc. (NASDAQ:HA) Q4 2017 Results Earnings Conference Call January 29, 2018 4:30 PM ET (4-0)
Growing GDP, incremental business travel spend, plus a massive share buyback should drive earnings per share in spite of growing capacity. (6-0)
American Airlines Group Inc.’s (AAL - Free Report) fourth-quarter 2017 earnings (excluding 41 cents from non-recurring items) of 95 cents per share surpassed the Zacks Consensus Estimate by 3 cents. Quarterly earnings increased 3% on a year-over-year basis despite higher costs. Results were aided by higher revenues. (64-0)
Southwest Airlines Company (LUV - Free Report) reported better-than-expected earnings and revenues in the fourth quarter of 2017. The carrier’s earnings per share (excluding $2.41 from non-recurring items) of 77 cents beat the Zacks Consensus Estimate of 76 cents. The bottom line also increased 4.1% on a year-over-year basis. Operating revenues of $5,274 million surpassed the Zacks Consensus Estimate of $5,242. (63-0)
Union Pacific Corporation (UNP - Free Report) delivered mixed results in the fourth quarter of 2017. Evidently, the company reported lower-than-expected earnings per share but better-than-expected revenues. (65-0)
Alaska Air Group, Inc. (ALK - Free Report) reported fourth-quarter 2017 earnings (excluding $2.14 from non-recurring items) of 83 cents, meeting the Zacks Consensus Estimate. The bottom line plunged 46.79% on a year-over-year basis. Revenues came in at $1,962 million, marginally above the Zacks Consensus Estimate of $1,961.8 million. The top line also improved 28.7% on a year-over-year basis. Passenger revenues, accounting for a bulk of the top line (86. (35-0)
It was a week which saw the Chicago-based United Continental Holdings (UAL - Free Report) reporting better-than-expected results in the fourth quarter. The carrier posted a marginal increase in passenger revenues per available seat miles (PRASM: a key measure of unit revenues) on a year-over-year basis. (36-0)
The market has punished Hawaiian Holdings as if they've already lost significant market share and revenue to Southwest and UnitedContinental. (129-0)