12.53 -0.04 (-0.32%)
After hours: 4:10PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||12.20 - 13.08|
|52-week range||4.13 - 14.49|
|PE ratio (TTM)||393.44|
|Forward dividend & yield||N/A (N/A)|
|1y target est||15.59|
The upsurge in oil prices contributed to the decline in the NYSE ARCA Airline index over the past five trading days.
GOL Linhas' (GOL) March traffic and load factor increase. Load factor grows owing to traffic expansion and capacity contraction. At the same time, the carrier provides a bullish first-quarter view.
An improved U.S. economy is contributing to the rise in air travel demand. The A4A's bullish forecast highlights the increased demand.
GOL Linhas' (GOL) results in Q4 benefit from higher demand for air travel and improved pricing. However, a massive rise in aircraft fuel raises concern.
Capacity overexpansion continues to be a major problem in the airline space. In January, load factor declined at carriers like JetBlue Airways (JBLU) owing to this problem.
Ryder (R) is likely to ride high on a strong customer base and lease fleet growth in Q4. However, high operating expenses and a weak rental demand market might hurt results.
The Zacks Analyst Blog Highlights: Delta Air Lines, American Airlines Group, JetBlue Airways, Gol Linhas Aereas Inteligentes S.A. and Spirit Airlines
Upbeat Q4 unit revenue projections by major carriers like American Airlines (AAL) have contributed to the NYSE ARCA Airline Index gaining.
Alaska Air Group's (ALK) traffic rises in December. However, load factor in the month declines owing to capacity expansion exceeding traffic growth.
American Airlines (AAL) provides an improved Q4 view with respect to unit revenues, costs and pre-tax margin. Unit revenues get raised on strong domestic close-in bookings, among other factors.
United Continental's (UAL) unit reports decline in load factor for December on capacity expansion exceeding traffic growth. However, the company provides bullish revenue and cost view for Q4.
Delta (DAL) reports a decline in December load factor due to fall in traffic. Further, the carrier raises fourth-quarter unit costs view partly due to the Atlanta airport power outage.
J.B. Hunt (JBHT) impress with its growth by acquisition strategy as well as shareholder-friendly moves. The recent tax law is a further positive.
Norfolk Southern's (NSC) cost-reduction efforts to drive bottom-line growth are impressive. The company's solid earnings history as well as shareholder-friendly measures further buoy hope.
Canadian Pacific's (CP) cost-cutting initiatives to drive bottom-line growth are impressive. Its shareholder-friendly measures are also praise worthy.
CSX announces a change at the helm following Hunter Harrison's death. The company is hopeful to continue on its growth path under the new CEO.
The NYSE Airline Index is gaining as the tax overhaul is expected to aid airline companies. GOL Linhas' (GOL) rating upgrade by Moody's is also a positive.