How These Regional Airlines Stocks are Faring? -- Southwest, Alaska Air, Hawaiian, and LATAM
NEW YORK, March 23, 2017 /PRNewswire/ --
Stock-Callers.com is currently reviewing the Regional Airlines space, which provides domestic air transportation services regionally both to individuals and companies shipping cargo. The average yield for this group is comparable with the Major Airlines, but is below average when compared to the entire Services sector. Equities under assessment this morning are: Southwest Airlines Co. (NYSE: LUV), Alaska Air Group Inc. (NYSE: ALK), Hawaiian Holdings Inc. (NASDAQ: HA), and LATAM Airlines Group S.A. (NYSE: LFL). Register now and get full and free access to our downloadable research reports on these stocks at:
http://stock-callers.com/registration
Southwest
On Wednesday, shares in Texas headquartered Southwest Airlines Co. recorded a trading volume of 5.81 million shares, which was above their three months average volume of 5.69 million shares. The stock ended at $52.46, rising 1.12% from the last trading session. The Company's shares have gained 4.37% over the previous three months and 5.44% on an YTD basis. The stock is trading above its 200-day moving average by 17.84%. Furthermore, shares of Southwest Airlines, which operates a passenger airline that provides scheduled air transportation services in the US and near-international markets, have a Relative Strength Index (RSI) of 40.60.
On March 10th, 2017, Southwest Airlines reported that it flew 8.7 billion revenue passenger miles (RPMs) in February 2017, up 1.1% from the 8.6 billion RPMs flown in February 2016. Available seat miles (ASMs) rose 1.2% y-o-y to 11.0 billion for the month, and load factor was 79.0. The Company now estimates its Q1 2017 operating revenue per ASM to decline in the 2% to 3% range as compared with Q1 2016. Access our complete research report on LUV for free at:
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Alaska Air
Seattle, Washington-based Alaska Air Group Inc.'s stock finished yesterday's session 0.88% higher at $92.92. A total volume of 1.68 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have gained 3.19% over the previous three months and 5.05% on an YTD basis. The stock is trading above its 200-day moving average by 20.95%. Furthermore, shares of Alaska Air, which through its subsidiaries, provides passengers and cargo air transportation services primarily in the US, have an RSI of 43.53.
On March 21st, 2017, Alaska Air announced that it would hold an investor day on Wednesday, March 29th, 2017, in New York. Remarks by the Company's management will begin approximately at 11:30 a.m. ET.
On March 20th, 2017, research firm Stifel upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $105 a share to $145 a share. The complimentary research report on ALK can be downloaded at:
http://stock-callers.com/registration/?symbol=ALK
Hawaiian
At the close of trading on Wednesday, shares in Honolulu, the State of Hawai'i headquartered Hawaiian Holdings Inc. climbed 1.39%, ending the day at $47.30. The stock recorded a trading volume of 975,744 shares, which was above its three months average volume of 760,540 shares. The Company's shares are trading 1.78% below their 200-day moving average. Moreover, shares of Hawaiian Holdings, which through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo, have an RSI of 40.71.
On March 06th, 2017, Hawaiian Holdings announced its system-wide traffic statistics for February 2017. The Company transported 828,582 passengers (PAX) last month, down 1.6% y-o-y decrease from 842,412 PAX. Revenue passenger miles (RPMs) were up 4.8% to 1.14 million from 1.09 million RPMs for the same period a year ago. Load factor was 82.9%, up 3.8 points y-o-y from 79.1%. Register for free on Stock-Callers.com and get access to the latest PDF format report on HA at:
http://stock-callers.com/registration/?symbol=HA
LATAM
Chile-based LATAM Airlines Group S.A.'s shares ended the day 1.49% higher at $12.30. A total volume of 471,283 shares was traded, which was above their three months average volume of 380,620 shares. The stock has gained 18.16% in the last month, 46.08% over the previous three months, and 50.37% on an YTD basis. The Company's shares are trading 24.58% above their 50-day moving average and 41.80% above their 200-day moving average. Additionally, shares of LATAM Airlines, which together with its subsidiaries, provides passenger and cargo air transportation services in America, Europe, and Oceania, have an RSI of 83.72.
On March 15th, 2017, LATAM Airlines announced its consolidated financial results for Q4 ended December 31st, 2016. The Company reported an operating margin of 7.6% and a net income of $54.3 million. Total revenues reached $2,569.3 million in Q4 2016. Download your free research report on LFL at:
http://stock-callers.com/registration/?symbol=LFL
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