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Happy Veteran's Day to all the current and former soldiers on the board. I know we have a few.
I agree with you. A break of the 52 week high though sends this into a breakout like HA.
Trying to keep airline stocks "historically bad investments" is my guess. I mean suit after suit. That's probably why legacy carriers were down today.
It's work travel, but beginning of the year I moved about a third of my equity dough out and launched a real estate firm out here in Tyson's Corner, VA/DC. We do everything. Expanding locations now as well.
But yes, it was cheaper overall booking privately versus legacy carrier. Not to mention discounts for the hook up.
Hasn't even thought about that. Very true.
ALK JBLU HA SKYW all up over others. Wonder why regionals are back in play...
This year every report has been showing PRASM and margin guidance for AAL.
That's what I mean man. UAL/DAL issues monthly traffic in literally a few sentences showing growth. Leave out PRASM and Marvin guidance as it only gives analysts something to dick us on. Look at UAL release yesterday. Short and sweet.
Nope they left the guidance part out I believe!
Man, I'm flying majority of my staff to LA next week, and then to Jacksonville for a couple days following that, and AAL prices were ridiculous. It was cheaper and far more convenient for me to book a private jet for the hook up. Who would have thought.
Side note: this has nothing to do with today's action.
Anyone pick up low $44 for the flip?
Lol Goldman boys are savages.
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Marketwired
SOURCE: JetBlue
JetBlue
November 10, 2015 09:01 ET
JetBlue's Newest Barbados Route From South Florida Now on Sale
New Daily Round-Trip Service Connects Fort Lauderdale-Hollywood, Fla. and Barbados Beginning April 28, 2016
NEW YORK, NY--(Marketwired - November 10, 2015) - JetBlue (NASDAQ: JBLU) announced today that its new nonstop service between Fort Lauderdale-Hollywood International Airport (FLL) and Barbados' Grantley Adams International Airport (BGI) is now out for sale. JetBlue will operate once daily round-trip service between the two cities beginning Thursday, April 28, 2016, subject to receipt of government operating authority. Introductory fares are available beginning today starting at $99 one way (a).
The new route, announced in October by JetBlue President & CEO Robin Hayes at the Caribbean Tourism Organization's State of the Industry Conference, will offer customers a convenient direct link to South Florida. It will also allow for even more convenient connection options to Barbados from across the existing JetBlue network, including western U.S. destinations like Los Angeles, San Francisco and Las Vegas.
"Barbados has proven to be one of the most popular destinations in our expanding Caribbean network and we are so pleased to offer JetBlue customers even more ways to get to this great destination," said Dave Clark, vice president network planning, JetBlue. "This route not only reaffirms our commitment to Barbados, but also to our Fort Lauderdale focus city where JetBlue's presence continues to grow with an expanding list of nonstop flights."
This year JetBlue will operate nearly 100 daily flights at Fort Lauderdale-Hollywood International Airport to more than 40 destinations including 8 new destinations in 2015 from the South Florida focus city with three more beginning in 2016.
JetBlue first began operating flights to Barbados in 2009 from New York's John F. Kennedy International Airport (JFK). The airline launched service between Boston Logan International Airport (BOS) and Barbados this month and also introduced its acclaimed Mint experience on routes between New York's John F. Kennedy International Airport (JFK) and Barbados.
The island, which boasts over 3,000 hours of sunshine yearly is a popular destination for couples, families and business travelers.
"The announcement of JetBlue's daily service from Fort Lauderdale into Barbados is extremely exciting and lends us the opportunity to capitalize on the burgeoning demand for Barbados from this region especially amongst golfers," said Petra Roach, U.S. Director BTMI. "Fort Lauderdale will now be our third U.S. JetBlue gateway city offering more convenience and flexibility at great value for the U.S. traveler and our very important diaspora community."
Flight Schedule
FLL-BGI Flight #385 BGI-FLL Flight #386
8:00 a.m. - 11:49 a.m. 12:45 p.m. - 4:50 p.m.
JetBlue will serve the route with its spacious 150-seat Airbus A320 aircraft offering the airline's award-winning service featuring complimentary and unlimited name-brand snacks and soft drinks; free first-run Hollywood movies on flights to the Caribbean ; and the most legroom in coach (b).
JetBlue Getaways
For customers planning a vacation in Barbados, JetBlue Getaways provides the added convenience of offering flights, hotels, car rentals and other amenities and activities all in one package, helping save time and cost. Customer can book at http://www.jetblue.com/vacations. JetBlue Getaways customers also enjoy access to an exclusive 24-hour support desk dedicated to Getaways customers before, during and after their trip, as well as the JetBlue Getaways Best Price Guarantee (b) and TrueBlue customer loyalty points on every eligible dollar spent (c). More information can be found at http://www.jetblue.com/vacations.
About JetBlue Airways
JetBlue is New York's Hometown Airlineâ„¢, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles (Long Beach), Orlando, and San Juan. JetBlue carries more than 32 million customers a year to 90 cities in the U.S., Caribbean, and Latin America with an average of 875 daily flights. For more information please visit JetBlue.com.
(a) BLUE fare shown. To learn more about our new fare options, go to https://www.jetblue.com/travel/our-fares/. Fares include government taxes and fees and must be purchased by 11/11/2015 (the earlier of 11:59 PM ET or local) for flights between 04/28/2016 - 06/15/2016. (Blackout Dates: 05/25/2016-05/28/2016) Limited exceptions apply; All fares are subject to limited availability; may not be available on all days or all flights; may change without notice; must be purchased at time of reservation; and are one-way, non-stop (except as otherwise noted), nonrefundable, and nontransferable. Proper documentation required for boarding. For BLUE fares, first checked bag is $20 by web check-in and kiosk or $25 at check-in counter and second bag is $35. Additional bags (over two) are $100 each. Weight and size limits and exceptions for itineraries including flights operated or marketed by other airlines also apply. Fares do not include fees for oversized, overweight or extra baggage or other fees for products/services sold separately. For baggage fees and other optional services, click here. All reservations made one week or more prior to a flight's departure may be cancelled without penalty up to 24 hours after the reservation is made. Changes and cancellations made 60 days or more prior to departure date: BLUE: $70 per person fee plus difference in fare. For BLUE fares under $100, $70 per person plus difference in fare; for BLUE fares between $100 and $149.99, $90 per person plus difference in fare; and for BLUE fares of $150 or more, $135 per person plus difference in fare. Cancellations receive JetBlue travel credit, valid for one year. Changes/cancellations must be made prior to scheduled departure (otherwise all money for fare is forfeited). For changes/cancellations, click here. Other restrictions apply.
(b) Based on average length/width of lie-flat beds on domestic flights operated by U.S. airlines.
CONTACT INFORMATION
MEDIA CONTACT
JetBlue Corporate Communications
Tel: +1 718 709 3089
corpcomm@jetblue.com
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Hey nice job on your day trade bro. That's what it's about. Buying yesterday drop and flipping up here on the green days. Becomes addicting. I see a push back to resistance at the 50MA. Hopefully that's in progress now. A close over that and it's a strong hold otherwise they'll bring the pps right back down here.
United Reports October 2015 Operational Performance
Source: PR Newswire (US)
CHICAGO, Nov. 9, 2015 /PRNewswire/ -- United Airlines (UAL) today reported October 2015 operational results.
UAL's October 2015 consolidated traffic (revenue passenger miles) increased 3.6 percent and consolidated capacity (available seat miles) increased 1.4 percent versus October 2014. UAL's October 2015 consolidated load factor increased 1.7 points compared to October 2014.
As Easy1 just stated, I'd like to see if Wall St highlights the PRASM warning and margin guidance that's slowly trickling down.
Yeah but I'm hoping for a gap down and then pop. All last week the gap ups have been the ultimate rug pull and tank fest. The gap downs have been the winning days. Here's to hoping.
American Airlines Group Reports Record October Traffic, Capacity And Load Factor
Source: PR Newswire (US)
FORT WORTH, Texas, Nov. 10, 2015 /PRNewswire/ -- American Airlines Group (NASDAQ: AAL) today reported October 2015 and year-to-date traffic results.
American Airlines Group's total revenue passenger miles (RPMs) were 18.9 billion, up 5.8 percent versus October 2014. Total capacity was 22.2 billion available seat miles (ASMs), up 2.1 percent versus October 2014. Total passenger load factor was 85.2 percent, up 3.0 percentage points versus October 2014. The Company's traffic, capacity and load factor were all records for the month of October.
The Company continues to expect its fourth quarter 2015 consolidated passenger revenue per available seat mile (PRASM) to be down approximately 5 to 7 percent year-over-year. In addition, the Company continues to expect its fourth quarter pretax margin excluding special items to be between 12 and 14 percent.
The following summarizes American Airlines Group traffic results for the month and year-to-date ended October 31, 2015 and 2014, consisting of mainline-operated flights, wholly owned regional subsidiaries and operating results from capacity purchase agreements.
American Airlines Group Traffic Results
October
Year to Date
2015
2014
Change
2015
2014
Change
Revenue Passenger Miles (000)
Domestic
10,880,519
10,456,203
4.1
%
107,894,114
105,781,709
2.0
%
Atlantic
2,770,523
2,527,910
9.6
%
25,424,656
25,588,356
(0.6)
%
Latin America
2,313,647
2,178,316
6.2
%
25,986,366
26,794,911
(3.0)
%
Pacific
937,449
768,617
22.0
%
8,744,780
6,895,225
26.8
%
International
6,021,619
5,474,843
10.0
%
60,155,802
59,278,492
1.5
%
Mainline
16,902,138
15,931,046
6.1
%
168,049,916
165,060,201
1.8
%
Regional
2,041,150
1,976,162
3.3
%
19,770,355
18,576,928
6.4
%
Total Revenue Passenger Miles
18,943,288
17,907,208
5.8
%
187,820,271
183,637,129
2.3
%
Available Seat Miles (000)
Domestic
12,327,072
12,352,789
(0.2)
%
125,202,385
123,428,026
1.4
%
Atlantic
3,436,666
3,214,497
6.9
%
32,511,401
32,554,730
(0.1)
%
Latin America
2,877,301
2,745,344
4.8
%
32,907,661
34,584,808
(4.8)
%
Pacific
1,113,709
1,009,788
10.3
%
10,365,052
8,436,483
22.9
%
International
7,427,676
6,969,629
6.6
%
75,784,114
75,576,021
0.3
%
Mainline
19,754,748
19,322,418
2.2
%
200,986,499
199,004,047
1.0
%
Regional
2,482,182
2,457,205
1.0
%
24,532,651
23,378,903
4.9
%
Total Available Seat Miles
22,236,930
21,779,623
2.1
%
225,519,150
222,382,950
1.4
%
Load Factor (%)
Domestic
88.3
84.6
3.7
pts
86.2
85.7
0.5
pts
Atlantic
80.6
78.6
2.0
pts
78.2
78.6
(0.4)
pts
Latin America
80.4
79.3
1.1
pts
79.0
77.5
1.5
pts
Pacific
84.2
76.1
8.1
pts
84.4
81.7
2.7
pts
International
81.1
78.6
2.5
pts
79.4
78.4
1.0
pts
Mainline
85.6
82.4
3.2
pts
83.6
82.9
0.7
pts
Regional
82.2
80.4
1.8
pts
80.6
79.5
1.1
pts
Total Load Factor
85.2
82.2
3.0
pts
83.3
82.6
0.7
pts
Enplanements
Mainline
12,458,609
12,044,590
3.4
%
123,141,539
122,314,266
0.7
%
Regional
4,765,689
4,599,927
3.6
%
45,798,061
43,344,811
5.7
%
Total Enplanements
17,224,298
16,644,517
3.5
%
168,939,600
165,659,077
2.0
%
System Cargo Ton Miles (000)
207,955
213,371
(2.5)
%
1,924,214
1,934,655
(0.5)
%
Notes:
1)
Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2)
Latin America numbers include the Caribbean.
3)
Regional includes wholly owned subsidiaries and operating results from capacity purchase carriers.
About American Airlines Group
American Airlines Group (NASDAQ: AAL) is the holding company for American Airlines. Together with regional partners operating as American Eagle, American offers an average of nearly 6,700 flights per day to nearly 350 destinations in more than 50 countries. American is a founding member of the oneworld alliance, whose members and members-elect serve nearly 1,000 destinations with 14,250 daily flights to 150 countries. This year American Airlines Group Inc. topped Fortune Magazine's list of best business turnarounds and its stock joined the S&P 500 index. Connect with American on Twitter @AmericanAir and at Facebook.com/AmericanAirlines.
Cautionary Statement Regarding Forward-Looking Statements and Information
This document includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words. Such statements include, but are not limited to, statements about future financial and operating results, statements about the expected third quarter pre-tax margin, the expected change in PRASM, the Company's plans, objectives, estimates, expectations and intentions, and other statements that are not historical facts. These forward-looking statements are based on the Company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to the following: significant operating losses in the future; downturns in economic conditions that adversely affect the Company's business; the impact of continued periods of high volatility in fuel costs, increased fuel prices and significant disruptions in the supply of aircraft fuel; competitive practices in the industry, including the impact of low cost carriers, airline alliances and industry consolidation; the challenges and costs of integrating operations and realizing anticipated synergies and other benefits of the merger transaction with US Airways Group, Inc.; the Company's substantial indebtedness and other obligations and the effect they could have on the Company's business and liquidity; an inability to obtain sufficient financing or other capital to operate successfully and in accordance with the Company's current business plan; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the effect the Company's high level of fixed obligations may have on its ability to fund general corporate requirements, obtain additional financing and respond to competitive developments and adverse economic and industry conditions; the Company's significant pension and other post-employment benefit funding obligations; the impact of any failure to comply with the covenants contained in financing arrangements; provisions in credit card processing and other commercial agreements that may materially reduce the Company's liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; any inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of the Company's hub airports; costs of ongoing data security compliance requirements and the impact of any significant data security breach; any inability to obtain and maintain adequate facilities, infrastructure and slots to operate the Company's flight schedule and expand or change its route network; the Company's reliance on third-party regional operators or third-party service providers that have the ability to affect the Company's revenue and the public's perception about its services; any inability to effectively manage the costs, rights and functionality of third-party distribution channels on which the Company relies; extensive government regulation, which may result in increases in the Company's costs, disruptions to the Company's operations, limits on the Company's operating flexibility, reductions in the demand for air travel, and competitive disadvantages; the impact of the heavy taxation on the airline industry; changes to the Company's business model that may not successfully increase revenues and may cause operational difficulties or decreased demand; the loss of key personnel or inability to attract and retain additional qualified personnel; the impact of conflicts overseas, terrorist attacks and ongoing security concerns; the global scope of the Company's business and any associated economic and political instability or adverse effects of events, circumstances or government actions beyond its control, including the impact of foreign currency exchange rate fluctuations and limitations on the repatriation of cash held in foreign countries; the impact of environmental regulation; the Company's reliance on technology and automated systems and the impact of any failure of these technologies or systems; challenges in integrating the Company's computer, communications and other technology systems; losses and adverse publicity stemming from any accident involving any of the Company's aircraft or the aircraft of its regional or codeshare operators; delays in scheduled aircraft deliveries, or other loss of anticipated fleet capacity, and failure of new aircraft to perform as expected; the Company's dependence on a limited number of suppliers for aircraft, aircraft engines and parts; the impact of changing economic and other conditions beyond the Company's control, including global events that affect travel behavior such as an outbreak of a contagious disease, and volatility and fluctuations in the Company's results of operations due to seasonality; the effect of a higher than normal number of pilot retirements and a potential shortage of pilots; the impact of possible future increases in insurance costs or reductions in available insurance coverage; the effect of a lawsuit that was filed in connection with the merger transaction with US Airways Group, Inc. and remains pending; an inability to use net operating losses carried forward from prior taxable years (NOL Carryforwards); any impairment in the amount of goodwill the Company recorded as a result of the application of the acquisition method of accounting and an inability to realize the full value of the Company's and American Airlines' respective intangible or long-lived assets and any material impairment charges that would be recorded as a result; actions that the Company may take in connection with its integration with US Airways that may not be to its advantage on a stand-alone basis; price volatility of the Company's common stock; the effects of the Company's capital deployment program and the limitation, suspension or discontinuation of the Company's share repurchase program or dividend payments thereunder; delay or prevention of stockholders' ability to change the composition of the Company's board of directors and the effect this may have on takeover attempts that some of the Company's stockholders might consider beneficial; the effect of provisions of the Company's Restated Certificate of Incorporation and Amended and Restated Bylaws that limit ownership and voting of its equity interests, including its common stock; the effect of limitations in the Company's Restated Certificate of Incorporation on acquisitions and dispositions of its common stock designed to protect its NOL Carryforwards and certain other tax attributes, which may limit the liquidity of its common stock; and other economic, business, competitive, and/or regulatory factors affecting the Company's business, including those set forth in the Company's Quarterly Report on Form 10-Q for the period ended September 30, 2015 (especially in Part II, Item 1A, Risk Factors and Part I, Item 2, Management's Discussion and Analysis of Financial Condition and Results of Operations) and other risks and uncertainties listed from time to time in the Company's other filings with the SEC. There may be other factors of which the Company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statements. The Company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements except as required by law.
Logo - http://photos.prnewswire.com/prnh/20140416/75651
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/american-airlines-group-reports-record-october-traffic-capacity-and-load-factor-300175392.html
SOURCE American Airlines
Copyright 2015 PR Newswire
You can day trade all day long, without the 3 day rule, so long as you have over $25,000 giving you margin access.
I'm still trying to figure out how a damn bomb got past security and planted on the plane? Unless it was inside job. It's a shame that's easily able to happen like that.
Wow on a rip!
Traffic AH today or tomorrow PM?
Day trade
MannKind Corporation Reports 2015 Third Quarter Financial Results
Source: GlobeNewswire Inc.
MannKind Corporation (Nasdaq:MNKD) (TASE:MNKD) today reported financial results for the third quarter ended September 30, 2015.
For the three and nine months ended September 30, 2015, product shipments of Afrezza, our novel rapid-acting inhaled insulin therapy, were $4.1 million and $17.1 million, respectively, which we recorded as deferred product sales from our collaboration with Sanofi. For the quarter ended September 30, 2015, our portion of the loss sharing arrangement with Sanofi related to Afrezza was $14.7 million, which we subsequently financed by way of an advance under the loan facility with an affiliate of Sanofi after September 30, 2015. The amount currently outstanding under the Sanofi loan facility is now $43.7 million, which includes $0.8 million in paid-in-kind interest.
For the third quarter of 2015, total operating expenses decreased from $38.3 million to $26.0 million, a decline of 32.1%, compared to the same quarter in 2014, primarily due to Afrezza having moved out of clinical development into the commercial market. Additionally, non-cash stock compensation from the non-recurring achievement of performance and modification events in 2014 decreased in the third quarter of 2015 as compared to the third quarter of 2014. Research and development expenses decreased from $19.2 million to $6.3 million, a decrease of 67.2%, reflecting the transition from development to commercial activities. General and administrative expenses decreased from $19.1 million to $11.5 million, a reduction of 39.8%, mainly due to the decrease in non-cash stock compensation expense. Offsetting the total decrease of $20.5 million in R&D and G&A for the third quarter of 2015 were product manufacturing variance costs of $8.1 million. We did not recognize any product manufacturing costs in the third quarter of 2014 as we had not yet commenced commercialization of Afrezza.
For the first nine months of 2015, operating expenses were $71.8 million, a decline of 52.0% compared to the same period in 2014. Total research and development expenses for the nine months ended September 30, 2015 were $23.5 million, a decline of 71.6% compared to the same period in 2014, primarily due to reduced non-cash stock compensation expense resulting from the non-recurring achievement of performance and modification events in 2014 and in the first quarter of 2015. General and administrative expenses for the nine months ended September 30, 2015 were $32.6 million, a decrease of 51.2% compared to the same period in 2014, primarily due to reduced non-cash stock compensation expense resulting from the non-recurring achievement and modification events in 2014 and in the first quarter of 2015.
The net loss for the third quarter of 2015 was $31.9 million, or $0.08 per share, based on 405.2 million weighted average shares outstanding, compared with a net loss of $36.5 million, or $0.09 per share, based on 394.2 million weighted average shares outstanding for the third quarter of 2014. The number of common shares outstanding at September 30, 2015 was 418.3 million.
Cash and cash equivalents were $32.9 million at September 30, 2015, compared to $107.2 million in the second quarter of 2015. During the third quarter of 2015, we paid $64.3 million upon maturity of the 2015 notes and received $0.7 million in proceeds from warrant and option exercises, $7.2 million in payments from Sanofi for product shipments, and $12.2 million in net proceeds from our at-the-market sales facility. Currently, $30.1 million remains available to borrow under our amended loan arrangement with The Mann Group and $37.5 million of common stock remains available for sale under our at-the-market sales facility.
Conference Call
MannKind management will host a conference call to discuss these results today, November 9, 2015, at 5:00 p.m. Eastern Time. To participate in the call please dial (800) 708-4539 or (847) 619-6396 and use the participant passcode: 3859 3130. Those interested in listening to the conference call live via the Internet may do so by visiting MannKind's website at http://www.mannkindcorp.com.
A telephone replay will be accessible for approximately 14 days following completion of the call by dialing (888) 843-7419 or (630) 652-3042 and use the participant passcode: 3859 3130#. A replay will also be available on MannKind's website for 14 days.
About MannKind Corporation
MannKind Corporation (Nasdaq:MNKD) (TASE:MNKD) focuses on the discovery, development and commercialization of therapeutic products for patients with diseases such as diabetes. MannKind maintains a website at http://www.mannkindcorp.com to which MannKind regularly posts copies of its press releases as well as additional information about MannKind. Interested persons can subscribe on the MannKind website to e-mail alerts that are sent automatically when MannKind issues press releases, files its reports with the Securities and Exchange Commission or posts certain other information to the website.
Forward-Looking Statements
Statements contained in this press release that are not strictly historical in nature are forward-looking statements that involve risks and uncertainties. Words such as "believes", "anticipates", "plans", "expects", "intend", "will", "goal", "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon MannKind's current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, the extent to which MannKind's collaboration with Sanofi for commercialization of Afrezza is able to generate significant product sales for MannKind, difficulties or delays in obtaining regulatory feedback or completing and analyzing the results of clinical studies, MannKind's ability to manage its existing cash resources or raise additional capital, stock price volatility and other risks detailed in MannKind's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended December 31, 2014 and periodic reports on Form 10-Q and Form 8-K. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and MannKind undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.
(Tables to follow)
MannKind Corporation
Condensed Consolidated Statements of Operations
(Unaudited)
(In thousands, except per share amounts)
Three months ended
September 30, Nine months ended
September 30,
2015 2014 2015 2014
Revenue $ — $ — $ — $ —
Operating expenses:
Research and development 6,341 19,178 23,455 82,684
General and administrative 11,547 19,088 32,649 66,840
Product manufacturing 8,115 — 15,688 —
Total operating expenses 26,003 38,266 71,792 149,524
Loss from operations (26,003) (38,266) (71,792) (149,524)
Other income 67 7,898 1,470 1,638
Loss on extinguishment of debt (1,049) — (1,049) —
Interest expense on note payable to principal stockholder (729) (729) (2,164) (2,164)
Interest expense on notes (4,145) (5,424) (17,899) (11,895)
Interest income 2 1 8 4
Net loss $ (31,857) $ (36,520) $ (91,426) $ (161,941)
Net loss per share — basic and diluted $ (0.08) $ (0.09) $ (0.23) $ (0.42)
Shares used to compute basic and diluted net loss per share 405,199 394,163 401,734 381,332
MannKind Corporation
Condensed Consolidated Balance Sheet
(Unaudited)
(in thousands)
September 30, 2015 December 31, 2014
Assets
Current assets:
Cash and cash equivalents $ 32,928 $ 120,841
Receivables from collaboration 1,679 50,436
Inventory 23,402 9,670
Prepaid expenses and other current assets 13,227 20,206
Total current assets 71,236 201,153
Property and equipment — net 191,408 192,127
Deferred product costs from collaboration 13,539 —
Other assets 1,831 1,159
Total $ 278,014 $ 394,439
Liabilities and Stockholders' Deficit
Accounts payable $ 4,444 $ 7,394
Accrued expenses and other current liabilities 14,081 26,206
Facility financing obligation 74,163 72,995
Senior convertible notes — 99,355
Deferred product sales from collaboration 17,474 436
Deferred payments from collaboration 157,145 196,967
Current liabilities 267,307 403,353
Note payable to related party 49,521 49,521
Sanofi loan facility and loss share obligation 43,653 3,034
Senior convertible notes 27,607 —
Other liabilities 14,495 12,301
Stockholders' deficit (124,569) (73,770)
Total $ 278,014 $ 394,439
PLACEHOLDER
CONTACT: Company Contact:
Matthew J. Pfeffer
Chief Financial Officer
661-775-5300
mpfeffer@mannkindcorp.com
MannKind Corporation Logo
At the end of the day, he believes he's better positioning the company for long term growth and success with his current actions. He opted to take his pay in alignment with shareholders which would make it a conflict of interest if he starts talking and doing what we want him to do (I guess). I've long given up the $80-$100 thesis. When analysts gave this a $45-$56 1 year target they meant it controlled by WS.
LUV, HA are the darlings right now after JBLU and that's just how it goes. I would be shocked if we saw $56 at this rate. Market just doesn't love this stock.
Hey Rock I know you inquired on how to day trade and today was a good example though I didn't day trade. It dropped 2% while all other carriers were up 1% so prob a freebie of a day trade hitting $45.05 for an easy 3%-4% flip by EOD.
Why? Every other carrier is green and around 1%.
Or today...or today.
Ouch..
And HA is 20 points off its lows after last earnings in July. When's the last time we ran 20 points??? Geez
Man HA is in the ultimate breakout. Can't believe they passed SAVE. It'll break $40 before we know it. HA and LUV are just killing it.
Will break $155 in the coming weeks.
Wow!
Southwest Airlines Reports October Traffic
Source: PR Newswire (US)
DALLAS, Nov. 6, 2015 /PRNewswire/ -- Southwest Airlines Co. (NYSE: LUV) (the "Company") today reported its October and year-to-date preliminary traffic statistics. The Company flew 10.0 billion revenue passenger miles (RPMs) in October 2015, a 10.8 percent increase from the 9.0 billion RPMs flown in October 2014. Available seat miles (ASMs) increased 7.2 percent to 11.6 billion in October 2015, compared with the October 2014 level of 10.8 billion. The October 2015 load factor was a record for the month of October at 85.9 percent, compared with 83.1 percent in October 2014. Based on these results and current trends, the Company continues to estimate its fourth quarter 2015 operating revenue per ASM (RASM) will increase approximately 1.0 percent, compared with fourth quarter 2014.
For the first ten months of 2015, the Company flew 97.7 billion RPMs, compared with 90.3 billion RPMs flown for the same period in 2014, an increase of 8.3 percent. Year-to-date 2015 ASMs increased 6.9 percent to a level of 116.7 billion, compared with 109.2 billion for the same period in 2014. The year-to-date load factor was 83.7 percent, compared with 82.7 percent for the same period in 2014.
Very nice
Skimmed off some core $109.00.
How long have we been calling for these sky high price targets lol? To me, $50 will draw the same euphoria as $80 and I'd be more than willing to give up all shares. We can't even come close to $50 with record profits, I wonder how they'll push this up down the road. Sigh.
That's my pessimism for the week haha!
Another monster earnings! And no tank!
LMAO $102?? Even $52 is hard to believe at this point.
LUV is really ahead now.