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Way to follow the SAVE wave
My call is hold thru earnings. There is a reason it upped its guidance and has upgrades. Thanks for following my advice. I also had 3 others buy in the $30's....
This is up 13 points from its low and STILL down 50% from its high. Talk about upside....
Told just about all of ihub my sentiments on SAVE being my 2016 favorite especially when it was $32-$34. Are you holding any? It will move like HA on earnings assuming a strong report.
Though I'm not complaining, I believe JBLU has been up past 2 trading days because they received the shaft on earnings. Where did they finish -6%?
I see this over $50 post earnings.
I did some Zika research this weekend and I have prevented my pregnant wife from flying anywhere right now. Ebola all over again...
Haha Wall Street doesn't like "free" sell sell sell. Ha.
I for one have several chipotle gift cards I'm dying to use now that this E-coli thing is over. But I hear what you're saying. Market loves to run up the bad stocks, and punish the good ones.
I believe a report officially came out today declaring the outbreak from their food over. They're down almost 50% from their highs. Perhaps the market believes diners will flock back to their restaurants...
Smart way to play. Buy the $30's, sell the mid to upper $40's. Every time it hits that top of the range it plummets.
Is what it is, this just isn't a $120 stock sadly. It could have been had we shot to those levels prior to all the record quarters. There will come a day where revenues will have to decline and I truly believe analysts are setting this up for an I told you so...
But $48 I agree with and have said many times over in 2015 that the 1 year target will end up being $47*. And sure as heck there's a $48 1 year target.
SAVE my fave 2016.
$48 sounds about right. Top end of the range.
Rock you have any connects to get me some airline tickets for St Thomas in September for my wife and I? Anniversary every September. Really only UAL AAL and DAL fly there.
Thank goodness for a 300 point dow rally. Otherwise we'd be under $37 with today's action.
Nice insight.
Hope you listened
......:-/
Raise the dividend, significantly, and the whales will come per Kevin O'Leary. Dividends and debt payments, period. No one cares much about buybacks if it isn't benefitting investors pockets in the near term.
I believe it was slacker who said give physical cash that one can touch...
So this was Goldman 1 year ago from today, check this:
"American Airlines (AAL) Buy Rating Reiterated at Goldman Sachs
January 28, 2015 9:29 AM
Goldman Sachs reiterated a Buy rating on American Airlines (NASDAQ: AAL) with a price target of $81. The stock declined ..."
Have they ever been right? As of September 2015 they have neutral rating.
My advice: JBLU should have been purchased yesterday under $20. You want to make money on an airline after missing HA, put your money on SAVE anything under $40. Thank me later.
What is their rating on AAL any way?
"Level 2, Level 2 what do you see? I see Goldman Sachs shitting on me"
Need to make some humor out of this...
Still not understanding this at $92?....
Ah ok thanks
All I took away from that was "revenues in line". Why aren't these carriers smashing revenue numbers? Always in line or barely beating.
If I read correctly, they have about $2.4B left to repurchase? They did $1.1B in Q4 repurchases so I'm assuming they'll be done first half 2016 because I don't see them buying all that back in this current Q.
Guidance takeaways:
General Overview
• Pre-tax Margin—The Company expects its first quarter pre-tax margin excluding special charges to be approximately 12 to 14 percent.
• CASM—Consolidated CASM excluding fuel and special items is expected to be up approximately 0.5 percent to 2.5 percent in 2016. This forecast incorporates the impact of the joint contracts with our pilots, flight attendants and customer service and reservation agents, but does not include the impact of any future contracts that may be ratified in 2016.
• Capacity—2016 total system capacity is expected to be up approximately 3 percent vs. 2015. Full year domestic capacity is expected to be up approximately 2 percent year-over-year, while international capacity is expected to be up approximately 6 percent vs. 2015.
• Liquidity—As of December 31, 2015, the Company had approximately $8.7 billion in total available liquidity, comprised of unrestricted cash and investments of $6.3 billion and $2.4 billion in undrawn revolver capacity. The Company also had a restricted cash position of $695 million.
• Fuel—Based on the January 27, 2016, forward curve, the Company expects to pay an average of between $1.15 and $1.20 per gallon of mainline jet fuel (including taxes) in the first quarter. Forecasted volume and fuel prices are provided in the following pages.
• Cargo / Other Revenue—Includes cargo revenue, frequent flyer revenue, ticket change fees, excess/overweight baggage fees, first and second bag fees, contract services, airport clubs and inflight service revenues.
• Taxes—As of December 31, 2015, AAG had approximately $8.0 billion of federal net operating losses (NOLs) and $4.0 billion of state NOLs, substantially all of which are expected to be available in 2016 to reduce future federal and state taxable income. In connection with the reversal of the valuation allowance at the end of the fourth quarter of 2015, the Company expects to recognize a provision for income taxes beginning in 2016 at an effective rate of approximately 38%, which will be substantially non-cash.
Sounds about right
Didn't expect to see +5% here today I'll take it.
Thanks. He's probably correct and simply being honest, but it doesn't help us out any. Looks like it's trying to recover with the market rallying. We shall see how this ends today.
American Airlines' Profit Soars, Propelled by Lower Fuel Prices
Source: Dow Jones News
American Airlines Group Inc., continuing a trend of soaring earnings across the airline industry, posted higher profit for its latest quarter, propelled by lower fuel prices and a big tax benefit.
Shares rose 2% in premarket trading to $38.90 as profit topped Wall Street estimates.
During the quarter ended Dec. 31, the airline saw its fuel cost plunge 41%. At the same time, American's unit revenue—the amount it takes in per seat flown a mile—declined 5.8% in the quarter compared with a year ago, and overall revenue declined. American and other airlines have faced questions over sagging revenue despite high earnings.
Overall, the company posted a profit of $3.28 billion, or $5.09 a share, up from $597 million, or 82 cents a share, a year prior. While the profit is a quarterly record for the company, the bottom line was boosted by a $3 billion special tax valuation allowance credit.
Adjusted earnings on a per-share basis were $2, up from $1.52. Revenue slipped 5.2% to $9.63 billion. Analysts surveyed by Thomson Reuters forecast per-share earnings at $1.97 a share on revenue of $9.63 billion.
Salary and benefit costs rose 14%. American recently reached a new labor contract with its customer-service and reservations agents and it recently entered negotiations with mechanics and baggage handlers.
Even excluding the big tax credit in its latest quarter, American noted that its profit for full-year 2015 came in at a record.
Write to Austen Hufford at austen.hufford@wsj.com
(END) Dow Jones Newswires
January 29, 2016 09:05 ET (14:05 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
GSCO is the problem today. I truly believe they strongly dislike AAL & team (Doug).
What did he say? If you don't mind summarizing anything worth mentioning. From what I'm hearing, seems to be capacity issues?
And as I posted that, Goldman dropping this lower.
We have Goldman running the L2/L3 show, but it looks like they'll have their work cut out with retail showing interest. Should be a fun day...
Wouldn't be surprised to see this actually pop green. Market looks like it wants to go up...
I'm sure it dropped when they started talking prasm etc. exact same time when JBLU dropped. Long day ahead we will see. I don't like this being so close to $34 low...