Airlines Hit New Highs, Driven by Earnings and Oil
In Thursday's trading, all the major airlines hit new 52-week highs following positive earnings reports from United Continental and Southwest Airlines.
In Thursday's trading, all the major airlines hit new 52-week highs following positive earnings reports from United Continental and Southwest Airlines.
United Continental and Southwest Airlines both reported fourth-quarter and full-year earnings before markets opened on Thursday.
United Continental is reportedly preparing to place an order for 10 Boeing 777-300ERs, each of which is tagged with a list price of $330 million.
An airline safety rating website recently announced its list of the world's safest airlines for 2015, and two U.S. carriers were among the safest in the world.
Despite the massive gains in airline stocks made thus far, Credit Suisse still found the risk versus reward relationship favorable for investors due to that falling crude oil trend.
When it comes to the products and services consumers love to hate, pay TV, Internet service providers and airlines have little serious competition.
A new research note from UBS cites the fact that the airlines still have considerable pricing power, and the analysts see corporate travel and spending remaining very firm during 2015.
Wednesday's top analyst upgrades and downgrades from 24/7 Wall St. include BP, CSX, Dollar General, EMC, Sprint, 3D Systems and Disney.
In general, as a plane’s capacity rises, so do its costs. Airlines try to offset rising prices by stuffing in a few more seats and with new fees charged to passengers.
Hertz Global Holdings on Thursday named John Tague as president and CEO of the rental car company, effective Friday.
The runs in airline stocks have been so strong over the past month or so that one question has to be asked: Have they run up too much?
Aside from the cost of a ticket, airlines passengers are bedeviled by all sorts of fees, such as charges for food, baggage, better legroom and pillows and blankets.
In the past 30 days, Southwest Airlines has cancelled more U.S. flights than any other major carrier.
Earnings season is in full swing and Thursday morning brought three of the major airline earnings reports.
Some of the Ebola high-flying stocks saw their share prices crater on Monday as Ebola fears are subsiding for several reasons.