NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Southwest Airlines Co. (NYSE: LUV), JetBlue Airways Corporation (NASDAQ: JBLU), Alaska Air Group, Inc. (NYSE: ALK), Allegiant Travel Company (NASDAQ: ALGT), and Republic Airways Holdings Inc. (NASDAQ: RJET). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1339-100free
Southwest Airlines Co. Analyst Notes
On April 15, 2014, Southwest Airlines Co. (Southwest Airlines) reported that it was named as the Airforwarders Association's "Domestic Carrier of the Year" for the fifth consecutive year, and the Express Delivery & Logistics Association's (XLA) "Domestic Airline of the Year" for the 14th consecutive year, respectively. According to the Company, the Association awarded the Company the aforementioned awards in recognition of its on time performance, customer service, problem resolution, claims, handling, technology support, service options, and overall value. Matt Buckley, Vice President of Cargo & Charters, said, "This recognition is another sign of the incredible commitment our operational team has toward consistently delivering the highest quality of Customer Service. Our cargo sales and marketing team compliments this effort by developing personal customer relationships that we are known for at Southwest Airlines." The full analyst notes on Southwest Airlines Co. are available to download free of charge at:
JetBlue Airways Corporation Analyst Notes
On April 14, 2014, JetBlue Airways Corporation (JetBlue Airways) announced that it will launch a new route to Pittsburgh International Airport (PIT) starting October 29, 2014, complementing the Company's existing route from Pittsburgh to Boston Logan International Airport. According to the release, following the announcement, flights are on sale starting at $79 one way, purchased on or before April 15 and for travel between October 29 and December 17, 2014 on Tuesdays, Wednesdays, and Saturdays, with blackout dates November 20 to December 1, 2014). "Pittsburghers have asked for a nonstop, year-round connection to Florida. With the introduction of this service, customers will not only save time, but also save money as this is traditionally a high-fare route. Besides access to South Florida, this will also meet the great demand for travels onwards to the Caribbean and Latin America," said Robin Hayes, JetBlue's President. The full analyst notes on JetBlue Airways Corporation are available to download free of charge at:
Alaska Air Group, Inc. Analyst Notes
On April 9, 2014, Alaska Air Group, Inc. (Alaska Air Group) announced that it will offer its Alaska Airlines Mileage Plan's double frequent flier miles rewards program for travellers flying to and from Seattle, helping customers achieve their next award trip even faster. Plan members who availed the program can earn double miles upon travel until December 31, 2014 from Seattle to the following cities: Anchorage, Alaska; Las Vegas; Los Angeles; Oakland, California; San Diego; San Francisco; San Jose, California and Vancouver, British Columbia. The Company added that, plan members with elite-level status can earn as little as 20,000 miles a year for travel. The Company informed that it will also offer double miles program for non-members for travel between June 1, 2014 to September 1, 2014, from Seattle and Fairbanks and between Seattle and Juneau. According to the release, terms and conditions apply for both rewards program. The full analyst notes on Alaska Air Group, Inc. are available to download free of charge at:
Allegiant Travel Company Analyst Notes
On April 14, 2014, Allegiant Travel Company (Allegiant) announced that it has pre-paid the Company's $125 million senior secured term loan facility which was scheduled to mature in March 2017. The Company informed that it borrowed $45.3 million from Wells Fargo bank which it combined with $76 million internally generated cash in order to pay $121.3 million balance of the term loan. According to the Company, post these deals, its total debt balance will be $149 million. Maurice J. Gallagher, Jr., Chairman and CEO, Allegiant Travel Company, said, "This decision allows us to refinance more expensive debt and also provides flexibility to maintain future fleet growth as well as return cash to shareholders." According to the Company, the elimination of the term loan freed 53 MD-80 aircraft of the Company as well as four 757 aircraft as collateral under the Wells Fargo Bank loan. The full analyst notes on Allegiant Travel Company are available to download free of charge at:
Republic Airways Holdings Inc. Analyst Notes
On April 7, 2014, Republic Airways Holdings Inc. (Republic Airways) announced that its Board of Directors has authorized Company management to utilize up to $75 million unrestricted cash in buying back common shares, and/or early retire convertible debt during the next 12 months. The Company informed that it may repurchase up to $50 million common shares, and early retire $50 million of convertible notes, or any combination thereof utilizing the $75 million. Commenting on the news, Tim Dooley, Executive Vice President and CFO, Republic Airways, said, "While the lack of additional growth prospects is disappointing, our near-term financial outlook will significantly improve. A reduction in forecasted operating expenses for the remainder of 2014, combined with fewer dilutive shares going forward, will have a meaningful positive impact on our 2014 earnings per share." The full analyst notes on Republic Airways Holdings Inc. are available to download free of charge at:
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