NEW YORK, September 14, 2016 /PRNewswire/ --
The Airline industry is a competitive landscape that is driven by low fuel costs, industry consolidation, and strong demand. This morning, Stock-Callers.com takes a look at four major players in the segment to see where they stand in the markets right now: Delta Air Lines Inc. (NYSE: DAL), American Airlines Group Inc. (NASDAQ: AAL), United Continental Holdings Inc. (NYSE: UAL), and Spirit Airlines Inc. (NASDAQ: SAVE).
Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Delta Air Lines
Atlanta, Georgia headquartered Delta Air Lines Inc.'s stock saw a decline of 2.37% and finished Tuesday's trading session at $37.53. A total volume of 10.05 million shares was traded. In the last one month, the stock has advanced 3.25%. The Company's shares are trading below their 50-day moving average by 0.29%. Moreover, shares of Delta Air Lines, which provides scheduled air transportation for passengers and cargo in the US and internationally, have a Relative Strength Index (RSI) of 49.27.
On August 24th, 2016, research firm Imperial Capital initiated an 'In-Line' rating on the Company's stock, issuing a target price of $41 per share.
On September 07th, 2016, Delta Air Lines announced that it is expanding to Asia with new service between Hartsfield-Jackson Atlanta International Airport and Seoul Incheon International Airport beginning on June 3rd, 2017. Additionally, Delta and Korean Air are expanding their joint codeshare agreement. Free research report on DAL is available at: http://stock-callers.com/registration/?symbol=DAL
American Airlines Group
On Tuesday, shares in Fort Worth, Texas headquartered American Airlines Group Inc. recorded a trading volume of 9.32 million shares, and ended the session 2.53% lower at $37.37. The stock has gained 7.02% in the last one month and 23.46% in the previous three months. The Company's shares are trading 6.30% above their 50-day moving average and 0.78% above their 200-day moving average. Furthermore, shares of American Airlines Group, which through its subsidiaries, operates in the airline industry, have an RSI of 53.79.
On August 26th, 2016, research firm Imperial Capital initiated an 'In-Line' rating on the Company's stock, issuing a target price of $40 per share.
On September 12th, 2016, American Airlines reported that its total revenue passenger miles were 20.4 billion in August 2016, down 2.8% versus August 2015. Total capacity was 24.7 billion available seat miles, up 1.4% versus August 2015. Total passenger load factor was 82.9%, down 3.6 percentage points versus August 2015. The complimentary research report on AAL can be downloaded at: http://stock-callers.com/registration/?symbol=AAL
United Continental Holdings
Shares in Chicago, Illinois headquartered United Continental Holdings Inc. closed the day at $51.64, down 3.02%. The stock recorded a trading volume of 4.72 million shares. The Company's shares have gained 9.64% in the last one month and 22.69% over the previous three months. The stock is trading 9.13% and 2.44% above its 50-day and 200-day moving averages, respectively. Additionally, shares of United Continental Holdings, which together with its subsidiaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America, have an RSI of 57.45.
On August 30th, 2016, research firm Raymond James upgraded the Company's stock rating from 'Market Perform' to 'Outperform'.
On September 09th, 2016, United Airlines reported that its August 2016 consolidated traffic (revenue passenger miles) increased 0.6% to $19.94 billion and consolidated capacity (available seat miles) increased 1.9% to $23.34 billion versus August 2015. The company's August 2016 consolidated load factor decreased 1.1 points to 85.5% compared to August 2015. Visit us today and access our complete research report on UAL at: http://stock-callers.com/registration/?symbol=UAL
At the closing bell yesterday, shares in Miramar, Florida headquartered Spirit Airlines Inc. ended 2.04% lower at $38.41 and with a total trading volume of 995,208 shares. The stock is trading below its 50-day moving average by 8.66%. Shares of the Company, which provides low-fare airline services, have an RSI of 35.04.
On August 31st, 2016, Spirit Airlines announced that beginning December 1st, 2016, it will offer twice-daily service to Havana's José Martí International Airport from the Fort Lauderdale-Hollywood International Airport. In addition to this new nonstop service, Spirit plans to provide connecting service from an additional 20 U.S. cities via Fort Lauderdale. Known as the City of Columns, Havana will become Spirit's 59th destination and 13th Caribbean airport. Get free access to your research report on SAVE at: http://stock-callers.com/registration/?symbol=SAVE
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