NEW YORK, May 3, 2017 /PRNewswire/ --
The Airline industry exists in an intensely competitive market. Airport capacity, route structures, technology, and costs to lease or buy the physical aircraft are significant in this space, as well as the weather, fuel cost, and labor. This morning, Stock-Callers.com draws attention to select Major Airlines stocks to see how they have fared over the past few trading sessions: 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:
Delta Air Lines
Georgia headquartered Delta Air Lines Inc.'s shares jumped 5.35%, finishing Tuesday's trading session at $47.83 with a total volume of 12.81 million shares traded. In the last month and the previous three months, the stock has advanced 4.07% and 1.65%, respectively. The Company's shares are trading above their 50-day and 200-day moving averages by 1.84% and 8.17%, respectively. 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 59.79.
On April 26th, 2017, Delta Air Lines announced that it is amping up its in-flight amenities with the introduction of noise-canceling headphones from Los Angeles-based sound and philanthropic company LSTN Sound Co. Beginning this summer, customers traveling in Delta One, including transcontinental flights between JFK and LAX/SFO, DCA-LAX and BOS-SFO, and later this year, Delta Premium Select, will enjoy a pair of LSTN headphones while in flight. Free research report on DAL is available at:
On Tuesday, shares in Texas headquartered American Airlines Group Inc. ended the session 4.25% higher at $43.87 with a total volume of 9.32 million shares traded. The Company's shares have gained 3.71% in the last one month. The stock is trading 0.34% above its 50-day moving average and 4.72% above its 200-day moving average. Furthermore, shares of American Airlines, which through its subsidiaries, operates as a network air carrier, have an RSI of 48.62.
On April 27th, 2017, American Airlines reported its Q1 2017 results. The Company recorded a pre-tax profit of $365 million, net profit of $234 million, and earnings per diluted share of $0.46. Total revenue for Q1 2017 was $9.6 billion, and total operating expenses were $9.0 billion. First-quarter total revenue per available seat mile (ASM) rose 3.1% year-over-year, and total cost per ASM, excluding fuel and special items, was 11.16 cents. The complimentary research report on AAL can be downloaded at:
Shares in Illinois-based United Continental Holdings Inc. closed at $73.94, climbing 5.22% from the last trading session with a total volume of 5.41 million shares traded. The Company's shares have gained 4.67% in the last one month, 4.92% over the previous three months, and 1.45% since the start of this year. The stock is trading 4.32% and 17.42% above its 50-day and 200-day moving averages, respectively. Additionally, shares of United Continental, which together with its subsidiaries, provides air transportation services in North America, Asia/Pacific, Europe, Middle East, Africa, and Latin America, have an RSI of 60.21.
On April 11th, 2017, research firm Cowen reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $72 a share to $75 a share.
On April 27th, 2017, United Airlines, owned and operated by United Continental Holdings, announced ten substantial changes to how it flies, serves, and respects its customers. The changes are the result of the Airline's thorough examination of its policies and procedures, and commitment to take action, in the wake of the forced removal of a customer aboard United Express Flight 3411 on April 09th, 2017. Visit us today and access our complete research report on UAL at:
Florida headquartered Spirit Airlines Inc.'s stock ended 3.32% higher at $59.51 with a total volume of 1.18 million shares traded. The Company's shares have advanced 12.13% in the last one month, 10.12% over the previous three months, and 2.85% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 12.32% and 20.18%, respectively. Furthermore, shares of Spirit Airlines, which provides low-fare airline services, have an RSI of 72.44.
On April 27th, 2017, Spirit Airlines announced that it is bringing its ultra-low fares to Connecticut and Western Massachusetts just in time for summer vacation, with new, nonstop flights from Hartford's Bradley International Airport to the Myrtle Beach International Airport, Orlando International Airport, and Fort Lauderdale-Hollywood International Airport.
On May 01st, 2017, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $70 a share to $75 a share. Get free access to your research report on SAVE at:
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