NEW YORK, February 2, 2017 /PRNewswire/ --
Today's focus is on the Regional Airlines industry which continued to see higher demand than its legacy peers in December 2016. As per a report on Market Realist, this is significantly lower than the demand seen in the first half of 2016, mainly on account of slow capacity expansion. Pre-market, Stock-Callers.com uncovers the following four stocks: Southwest Airlines Co. (NYSE: LUV), JetBlue Airways Corp. (NASDAQ: JBLU), Alaska Air Group Inc. (NYSE: ALK), and Hawaiian Holdings Inc. (NASDAQ: HA). Learn more about these stocks by accessing their free research reports at:
Texas headquartered Southwest Airlines Co.'s shares rose 0.80%, finishing Wednesday's trading session at $52.73. A total volume of 4.95 million shares was traded. The stock has advanced 5.80% in the past month, 31.94% in the previous three months, and 5.80% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 6.16% and 24.13%, respectively. Moreover, shares of Southwest Airlines, which operates passenger airlines that provide scheduled air transportation services in the US and near-international markets, have a Relative Strength Index (RSI) of 60.64.
On January 26th, 2017, Southwest Airlines reported that Q4 2016 total operating revenues were a record $5.1 billion, driven largely by record passenger revenues of $4.6 billion for Q4 2016. The Company posted Q4 2016 net income of $522 million, or $.84 per diluted share, compared to Q4 2015 net income of $536 million, or $.82 per diluted share.
On January 30th, 2017, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $59 a share to $63 a share. Free research report on LUV is available at:
On Wednesday, shares in New York-based JetBlue Airways Corp. recorded a trading volume of 6.74 million shares, which was above their three months average volume of 6.51 million shares. The stock ended the session 1.17% lower at $19.38. The Company's shares have gained 10.87% in the previous three months. The stock is trading 3.72% above its 200-day moving average. Furthermore, shares of JetBlue Airways, which provides air transportation services, have an RSI of 33.34.
On January 30th, 2017, research firm Imperial Capital reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $31 a share to $29 a share.
On February 01st, 2017, JetBlue announced the appointment of Dave Clark as the carrier's new Vice President of sales and revenue management. Clark previously served as JetBlue's Vice President of network planning. Clark joined JetBlue in 2009 from The Boston Consulting Group as Director of route planning. The complimentary research report on JBLU can be downloaded at:
Shares in Washington-based Alaska Air Group Inc. closed at $93.63, slightly down 0.20% from the last trading session. The stock recorded a trading volume of 830,162 shares. The Company's shares have gained 5.52% in the last one month, 30.13% over the previous three months, and 5.52% since the start of this year. The stock is trading 5.73% and 29.23% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Alaska Air Group, which through its subsidiaries, provides passengers and cargo air transportation services primarily in the US, have an RSI of 57.51.
On January 10th, 2017, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Neutral' to 'Buy'.
On February 01st, 2017, Alaska Airlines announced that it will begin daily, nonstop-service from Orange County's John Wayne Airport to Albuquerque starting August 18th, 2017. The airline has been serving Orange County's John Wayne Airport for 30 years. Alaska recently announced that it would begin service between Portland, Oregon, and Albuquerque, also starting August 18th, 2017. Visit us today and access our complete research report on ALK at:
At the closing bell yesterday, shares in Hawaii headquartered Hawaiian Holdings Inc. ended 0.88% lower at $50.50 with a total trading volume of 590,242 shares. The stock has advanced 12.15% in the previous three months. The Company's shares are trading above their 200-day moving average by 7.45%. Furthermore, 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 37.23.
On January 10th, 2017, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'.
On January 24th, 2017, Hawaiian reported net income of $10.6 million for Q4 2016. On a per-share basis, the Company earned $0.20 per share, while adjusted earnings totaled $1.28 per share for Q4 2016. Hawaiian posted revenue of $633 million in Q4 2016, up 10% compared to revenue of $574.15 million in Q4 2015. For full year 2016, the Company reported revenue of $2.45 billion. Get free access to your research report on HA at:
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