NEW YORK, October 14, 2016 /PRNewswire/ --
Stock-Callers.com turns its attention to four Regional Airlines equities which are: LATAM Airlines Group S.A. (NYSE: LFL), Copa Holdings S.A. (NYSE: CPA), Ryanair Holdings PLC (NASDAQ: RYAAY), and SkyWest Inc. (NASDAQ: SKYW). According to the International Money Fund (IMF), passenger travel demand is expected to grow by 6.9% this year, compared to the 6.7% growth projected for 2015. Additionally, past trends suggest that U.S. airlines would continue to witness strong traffic and good revenue growth. Today's research reports on the aforementioned stocks are downloadable for free upon registration at:
Santiago, Chile-based LATAM Airlines Group S.A.'s stock finished Thursday's session 0.92% higher at $8.73 with a total trading volume of 358,395 shares. The Company's shares have advanced 11.35% in the past month, 0.46% over the previous three months, and 61.97% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.94% and 25.97%, respectively. Furthermore, shares of LATAM Airlines Group, which together with its subsidiaries, provides passenger and cargo air transportation services in America, Europe, and Oceania, have a Relative Strength Index (RSI) of 62.26.
On September 21st, 2016, research firm Raymond James upgraded the Company's stock rating from 'Underperform' to 'Market Perform'.
On October 06th, 2016, LATAM Airlines Group S.A. and its affiliates announced that LATAM Finance Limited, an exempted company incorporated in the Cayman Islands with limited liability and wholly owned by LATAM Airlines Group S.A., intends to offer Senior Notes. A portion of the Notes will be used to refinance the existing 7.375% Senior Guaranteed Notes due 2017 of TAM Capital Inc. and 8.375% Senior Guaranteed Notes due 2021 of TAM Capital 3 Inc. As part of the refinancing, Citigroup Global Markets Inc. has launched a cash tender offer for up to U.S. $462,500,000 aggregate principal amount of the outstanding 2017 Notes and 2021 Notes. Visit us today and access our complete research report on LFL at:
On Thursday, shares in Panama City, Panama-based Copa Holdings S.A. ended the session at $88.68, up 2.48%. The stock recorded a trading volume of 487,973 shares. The Company's shares have gained 1.14% in the last one month, 36.76% in the previous three months, and 88.28% since the start of this year. The stock is trading 6.97% above its 50-day moving average and 39.99% above its 200-day moving average. Moreover, shares of Copa Holdings, which through its subsidiaries, provides airline passenger and cargo services in Latin America, have an RSI of 56.72.
On October 10th, 2016, for the month of September 2016, Copa Holdings announced that its system-wide passenger traffic increased 15.4% on y-o-y basis, while capacity increased 1.6%. As a result, system load factor for September 2016 was 82.7%, a 9.9% increase when compared to September 2015. The complimentary report on CPA can be downloaded at:
Dublin, Ireland headquartered Ryanair Holdings PLC's stock ended yesterday's session 0.01% lower at $67.99. A total volume of 705,771 shares was traded, which was above their three months average volume of 431,350 shares. The Company's shares are trading 7.41% below their 50-day moving average. Additionally, shares of Ryanair Holdings, which provides scheduled airline service across a European route network, have an RSI of 29.73.
Yesterday, research firm Exane BNP Paribas initiated an 'Outperform' rating on the Company's stock. Register for free on Stock-Callers.com and access the latest research report on RYAAY at:
At the close on Thursday, shares in St. George, Utah headquartered SkyWest Inc. recorded a trading volume of 287,944 shares. The stock finished 1.40% higher at $28.90. The Company's shares have gained 5.91% in the last one month, 2.71% over the previous three months, and 52.86% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.42% and 27.29%, respectively. Furthermore, shares of SkyWest, which through its subsidiaries, operates a regional airline in the US, have an RSI of 60.52.
On October 06th, 2016, SkyWest reported 154,095 block hours in September 2016 compared to 162,742 block hours in September 2015, a decrease of 8,647 or 5.3%. The net decrease was consistent with SkyWest's fleet transition plan to improve the mix of aircraft in its fleet by adding new E175 aircraft, while reducing its 50-seat jets. In September 2016, SkyWest's dual class aircraft represented approximately 42% of SkyWest's total block hour production for the month compared to approximately 39% for the month of September 2015. SkyWest had 93,140 departures in September 2016 compared to 98,005 in September 2015, a decrease of 4,865, or 5.0%. SkyWest generated 2.72 billion available seat miles for September 2016 compared to 2.87 billion ASMs for September 2015, or a 5.1% decrease. Get free access to your research report on SKYW at:
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