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i was happy with the 72.00 projections let alone the looney (even at the time) $120.00. so what do you think 50 by end of march? end of may? end of year? in a sane world, i still think this is a 65-72 dollar stock, but alas in a skittish world, i think 48 is best for now and 55 is optimistic and won't be seen until end of year , assuming we have a good summer, with no drama
Airline February Traffic Data: What To Know
1:45 pm ET March 3, 2016 (Benzinga) Print
Delta Air Lines, Inc. (NYSE: DAL) has reported year-over-year (Y/Y) February traffic growth of 5.3 percent on a capacity increase of 6.0 percent. In a press release, Delta emphasized the strong environment for airlines.
“Across all entities, booking trends into the peak leisure season are strong and corporate demand remains solid as higher volumes continued to offset lower yields,” the company said.
Related Link: A 'Growth Scare' Is Moving Markets Down, Not Political Uncertainty
The positive numbers are reassuring to airline investors, but Buckingham Research analyst Daniel McKenzie urges traders to keep the February numbers in perspective. Last year, the airline industry cancelled 5.4 percent of its flights due to weather, making for an extremely easy comp. In addition, the Leap Day means one extra day of travel this February.
McKenzie noted that JetBlue Airways Corporation (NASDAQ: JBLU) is most at risk of having its February data misinterpreted by the market. A 20 percent February capacity increase for JetBlue, when adjusted for flight cancellations and the Leap Day, would only end up being an 11 percent Y/Y change.
See What March Numbers Bring
According to McKenzie, it’s March, not February, that will tell the true story for airlines.
“March is the make or break month for the quarter: 36 percent of the industry’s capacity is flown this month (vs 33 percent in Jan and 31 percent in Feb, ultimately making Feb traffic stats less important),” he explained.
Although McKenzie urges traders not to overreact to strong reported February numbers, Buckingham maintains Buy ratings on Delta, JetBlue, American Airlines Group Inc (NASDAQ: AAL), United Continental Holdings Inc (NYSE: UAL) and Southwest Airlines Co (NYSE: LUV).
$52.00.....but i will take $48.00..
American Airlines Group Inc (NASDAQ:AAL)‘s stock had its “buy” rating reaffirmed by research analysts at Sterne Agee CRT in a report issued on Thursday, MarketBeat reports. They presently have a $52.00 price target on the airline’s stock. Sterne Agee CRT’s target price would indicate a potential upside of 25.03% from the stock’s current price.
American Airlines Group (NASDAQ:AAL) traded up 0.05% during mid-day trading on Thursday, reaching $41.61. 774,780 shares of the company’s stock traded hands. The stock has a market capitalization of $25.09 billion and a PE ratio of 3.76. American Airlines Group has a 12 month low of $34.10 and a 12 month high of $56.05. The firm’s 50-day moving average price is $39.13 and its 200 day moving average price is $41.61.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Friday, January 29th. The airline reported $2.00 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.03. During the same quarter in the prior year, the company posted $1.52 EPS. The firm earned $9.60 billion during the quarter, compared to analyst estimates of $9.67 billion. Equities research analysts predict that American Airlines Group will post $6.71 EPS for the current year.
any new info, court dates, rumors on final distribution? i figure they are trying to run the clock out, till if there is anything left the attorneys will get it, hahaha but it would be nice to get a little something, something for those of us, who have held on, long and strong.
anyone have our future P&E, calculated? 5 times earnings?
Other airlines up nearly buck and a half across the board. Except AAL and we are barely half a buck grrrrr
airlines too, please.
*Cruise Line Shares Moving Higher as WHO Does Not Recommending Restricting Travel to Zika Affected Countries
Delta Air Lines Inc. CEO Richard Anderson plans to retire May 2, to be replaced by Delta President Ed Bastian.
Bastian became chief financial officer of Atlanta-based Delta (NYSE: DAL) in 2005 and president in 2007. He served as CEO of Eagan-based Northwest Airlines for a year during its merger with Delta, remaining president when the two airlines started operating as one at the end of 2009.
damm missed loading some more by .05 at the bottom
well, damm, we are officially HALF of what i expected our PPS should be (2.00 either side of 70.00) and i WAS quite proud that i was able to snag some more shares at 37.00 even yesterday. :( this sucks, nothing to do but wait.
WOW, buying opportunity under 70.00 i am in.
i can't even get on a plane (standby) half the time i buy a full fare ticket, my friends and family tickets are more expensive than those you can find on internet, as well, sorry. a lot of great web sites for prices, though. my brother flew standby, he got on 2nd flight (tus-dfw)and it was roughly 120.00, (round trip) which i thought was cheap, but went on line, and found, cheaper positive space tickets, and even those 20 bucks more, were positive space, guarantee seating. wish i could help
currently AAL does not hedge, at the current prices (not expected to go significantly lower) sure they are crunching the numbers on possibly hedging. can't speak for other airlines, but many are still finishing up there hedge contracts form years ago.
can't sleep, up early, will it be Santa, will it be Grinch?
sorry to ask again, but when is the buy back black out dates, (a week before and a week, after earnings announcement)?
sucks, but at least if you are gonna use the money for buy backs, well, at least your are getting a LOT more shares for your money. itty bitty silver lining in a long and tedious storm
when it went below 38.00 i couldn't get the money in there fast enough, would have loved to pick up some down there in the 36.50-37.50 range. now that i got the funds in there, of course it goes up. i wonder if i put more cash in there it will go up more just to spite me? hahahah
almost a 4.00 range, but not complaining, at least there was a recover
At this point the good news hasn't worked, so let's try reverse psychology, doomed, doomed I say!!! Hahahah
are the markets open monday? just wondering if the closing sell off might be influenced by long banking weekend
Rumor: New American Los Angeles To Hong Kong Route
price gap is crazy, 39.66 to 42.74 is just under 3.00 price range jeez your killing me. i gotta walk away till the 29th, they need to settle the distribution and the DOJ thing, just to give us something else to focus on.
board is quiet today, just waiting on tomorrow and the 29th? or quiet news day? or everybody just over it, till it starts moving again?
what are the announcement dates for earnings, dividends and any other relevant dates for january/february? thx
dont care if i have to hold this till 2017, not selling this till it hit 55-58
good news or bad, we always seem to take the hit, perhaps lighter on good news and heavier on bad news but always a hit. oh well lets hop it is a big buying day for the company at least. and rebuild the share price
you would think there is a new DOJ investigation, or ebola or something, hate these drops for no apparent reason. uugghh i was expecting a 5% increase, not a big decrease
well lets hope 2016 gives us our shot at trying on the glass slipper, new year hope parker is gonna do the rest of the buy backs quick, and stop trying to make "the shoe fit" on this ugly step sister, and make this a happy ending for all of us
so market open thursday till 2:00pm and closed on friday, right?
patient, but damm, this has been pitiful since late march, i hope the day traders made something, cause the long and strong, has been a waste, was still hoping for an EOY spike, to offer hope, i know this stock has no choice but to eventually go up, BUT in my life time? who knows
closing the gap with LUV
and the big spike in volume near last close, y'all think that was someone clearing out all the stop limits or company buybacks? or both?
when is next earnings report or announcement?
extra long Christmas this year, in Hong Kong now, had a great time, flying back to dallas, 14 hour time difference, good tail wind, only 14 hour flight, so i get to enjoy Christmas in U.S. as well.