In new forecast Delta Airlines projects rebound in Q2 sales to 2019 level, but higher than anticipated costs
So far it’s unanimous: On Wednesday, June 1, Delta Air Lines (DAL) joined United Airlines (UAL) and Southwest (LUV) in projecting rising demand in the second quarter, higher fuel costs, and staffing shortages severe enough to lead to cuts in flights. Delta said...
Delta spikes on earnings and forecast of rebound in summer travel
Delta Air Lines (DAL) reported a smaller than expected first quarter loss today and shares rose strongly after the company said a strong rebound in summer traffic would turn results positive in the second quarter. As of noon New York time Delta shares were up 4.51%....
Airline stocks soar before Delta earnings
As of 3 p.m. New York time Monday, April 11, airline stocks were rallying strongly ahead of Delta Air Lines (DAL) earnings report Wednesday morning. The stocks gave up some ground at the close but still finished the day strongly Delta shares were up 4.68% at 3 p.m....
Airlines climb on oil drop, traffic pickup–now it gets tricky
Oil prices collapsed. And airlines reported a better than expected pick up in traffic. So airline stocks soared with the most stressed operators showing the biggest gains in their shares. Delta Air Lines (DAL) closed up 8.70% on the day. United Airlines (ULA) picked...
U.S. to ban Russian oil and natural gas–Brent hits $131 a barrel, WTI $127
The United States will ban imports of oil and natural gas from Russia, President Biden announced Tuesday. I’ve tried to pin down the exact timing and implementation of the ban (I don’t see these details in the executive order as released by the White...
Time to add an airline stock? I’d say yes: Adding Delta to Jubak Picks
From my perspective, there are good reasons to almost never own an airline stock. The industry doesn’t make money. The investing saw is that over the sector’s history it has broken even–at best. Airline stocks are extremely cyclical with swings from...
Are airlines “the canary in the coal mine” for how much the Delta variant will slow the U.S. economy in the third quarter?
The politics and the science argue that this fall we’re not going to see a repeat of the economic lockdowns put in place in 2020 in an attempt to control the spread of the coronavirus. But it’s also clear that the the current huge surge in infections from...
United Airlines quarterly report raises questions about how soon pandemic-struck industries will get back to “normal”
Yesterday, April 19, after the close United Airlines (UAL) reported a loss of $3.21 a share (excluding non-recurring items) or a $7.50 a share all in loss for the first quarter of 2021. Wall Street had been looking for an all-in loss of $6.97 for the quarter....
For one more day, stock market buys politicians’ blather on coronavirus stimulus
Stocks climbed today with the Standard & Poor’s 500 up 0.80% at the close, as investors and traders decided that the talk out of Washington about another coronavirus stimulus effort was more than just pre-election hot air. The Dow Jones Industrial Average...
Hope supports airline shares today; logic not so much
After taking a beating yesterday afternoon when President Donald Trump tweeted that he was instructing Treasury Secretary Steve Mnuchin to end coronavirus stimulus talks with House Speak Nancy Pelosi, airline stocks are bouncing today after a late-night tweet from the...
Will Grupo Aeroportuario del Pacifico cut its dividend at April 28 meeting? Selling out of the Dividend Portfolio
Grupo Aeroportuario del PacÃfico (PAC) has postponed its annual meeting until April 28. The company’s stock buyback plan and dividend payouts on the agenda. It’s hard to imagine that the company hasn’t at least considered cutting its buyback and...
I think today is just a pause in the China-coronavirus selling; I’m selling China Southern Airlines out of my 50 Stocks Portfolio today on the bounce.
Airline stocks have been among the hardest hit equities in the coronavirus selling. As the biggest airline in China and indeed in all of Asia China Southern Airlines (ZNH) has sold off especially quickly. The New York traded ADRs sold at $35.41 on January 14 and were...
Is divergence between Dow Transports and Dow Industrials something to worry about?
According to Dow Theory the transportation index leads the Dow Jones Industrial Average higher and lower. A divergence between a climbing Dow Industrial Average and a falling Down Jones Transportation Average (DJTA) is an indicator of trouble to come. And that...Jim’s Daily Email Alerts:
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