CHICAGO, Sept. 25, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the JetBlue Airways (Nasdaq:JBLU-Free Report), Delta Air Lines Inc. (NYSE:DAL-Free Report), United Continental Holdings Inc. (NYSE:UAL-Free Report), Hawaiian Holdings Inc. (Nasdaq:HA-Free Report) and GOL Linhas (NYSE:GOL-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
Airline Stock Roundup
Over the past 5 trading days, all airline stocks have exhibited downward momentum. While most of the carriers were in news over regulatory disputes, JetBlue Airways (Nasdaq:JBLU-Free Report) celebrated the event of its one millionth customers connecting to its high-speed Fly-Fi system. In addition, Delta Air Lines Inc.'s (NYSE:DAL-Free Report) decision to expand business at its Los Angeles hub with the announcement of two daily flights also made headlines.
A Recap of Last Week's Most Important Stories
1. Delta Air Lines is set to enhance its presence in Los Angeles further with the expected launch of twice daily flights to San Antonio, TX on and from Apr 7, 2015, in addition to its Dallas service slated to start this fall. (Read More: Delta Air Lines to Expand Los Angeles Hub with New Flights)
2. Earlier in the week JetBlue Airways celebrated its one millionth customer connecting to its high-speed Fly-Fi system. The landmark achievement makes JetBlue the first airline globally to connect one million personal electronic devices (PEDs) to broadband Ka*-based Wi-Fi service.
3. Air France-KLM SA has been reportedly facing pressure from its pilots over management's proposal of expansion of its low-cost subsidiary operations and related negotiations. The company is currently under the threat of an indefinite strike, which is driving significant revenue losses and has already affected passenger services to quite an extent.
4. Further, American Airlines also entered into negotiation with the Association of Professional Flight Attendants and reached a tentative settlement regarding a new joint collective bargaining agreement covering over 24,000 flight attendants.
5. In addition, United Continental Holdings Inc. (NYSE:UAL-Free Report) settled its regulatory disputes related to Continental Airlines. The latter was charged of discriminated against employees who were permanent residents of the U.S., but weren't holding any citizenship. The company has now agreed to pay a penalty of $215,000 and set up a $55,000 fund to pay back lost wages to the affected workers. The company will also follow a training pertaining to anti-discrimination provisions of immigration law.
Over the trailing 5 sessions, all airline stocks reflected a negative trend. The biggest losers for the period were Hawaiian Holdings Inc. (Nasdaq:HA-Free Report) and GOL Linhas (NYSE:GOL-Free Report) with 6.6% and 6.4% decline in share prices, respectively.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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