NEW YORK, Dec. 19, 2017 /PRNewswire/ --
In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on SAVE, AAL, DAL, and UAL which is a click away at www.wallstequities.com/registration. The International Air Transport Association (IATA) forecasts global Airline industry net profit to rise to $38.4 billion in 2018 - an improvement from the $34.5 billion expected net profit in 2017 (revised from a $31.4 billion forecast in June). Strong demand, efficiency, and reduced interest payments will help airlines improve net profitability in 2018 despite rising costs, according to IATA. 2018 is expected to be the fourth consecutive year of sustainable profits, with a return on invested capital (9.4%), exceeding the industry's average cost of capital (7.4%). Today, WallStEquities.com covers these four major industry players: Spirit Airlines Inc. (NASDAQ: SAVE), American Airlines Group Inc. (NASDAQ: AAL), Delta Air Lines Inc. (NYSE: DAL), and United Continental Holdings Inc. (NYSE: UAL). With Wall St. Equities' free research reports get an edge over stock markets, sign up now at: www.wallstequities.com/registration
Florida headquartered Spirit Airlines Inc.'s shares gained 3.89%, closing Monday's trading session at $44.87. The stock recorded a trading volume of 1.07 million shares. The Company's shares have advanced 20.75% in the last month and 37.51% over the previous three months. The stock is trading 19.44% above its 50-day moving average. Additionally, shares of Spirit Airlines have a Relative Strength Index (RSI) of 74.45.
On November 30th, 2017, research firm Stephens initiated an 'Overweight' rating on the Company's stock, with a target price of $50 per share.
On December 13th, 2017, Spirit Airlines announced that Ted Christie, Executive Vice President and CFO, will assume the position of President and will join the Company's Board of Directors, effective January 01st, 2018. In his management role, Christie will have overall responsibility for the finance, revenue, operations, IT, and human resources functions of the Company's business. Christie will become CEO on January 01st, 2019, succeeding Bob Fornaro. Our free and thorough report on SAVE awaits you at: www.wallstequities.com/registration/?symbol=SAVE
American Airlines Group
On Monday, shares in Texas headquartered American Airlines Group Inc. recorded a trading volume of 3.24 million shares. The stock climbed 0.84%, ending the day at $51.49. The Company's shares have advanced 7.99% in the past month, 16.02% in the previous three months, and 10.28% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.25% and 8.47%, respectively. Furthermore, shares of American Airlines have an RSI of 60.53.
On November 28th, 2017, American Airlines announced that it is adding service from its hub at Chicago O'Hare International Airport to Calgary International Airport and Vancouver International Airport. Daily service to Vancouver begins on May 04th, 2018, and seasonal service to Calgary begins on June 07th, 2018. The Airline will also increase frequencies from the US East Coast to Eastern Canada, and extend seasonal service to popular Canadian destinations. AAL's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=AAL
Delta Air Lines
Georgia headquartered Delta Air Lines Inc.'s stock finished the day 0.05% lower at $56.07. A total volume of 8.66 million shares was traded, which was above their three months average volume of 6.84 million shares. The Company's shares have advanced 11.14% in the last one month, 17.06% in the previous three months, and 13.99% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 8.51% and 12.72%, respectively. Additionally, shares of the Company have an RSI of 70.10.
On December 14th, 2017, Delta Air Lines (DAL) and Airbus have agreed to terms for a 100 firm and 100 option order for state-of-the-art Airbus 321neo (new engine option) aircraft, with deliveries beginning in 2020. The new jets, which will be powered by Pratt & Whitney geared-turbofan engines, will feature cutting-edge safety, efficiency, and comfort. DAL will configure the A321neo to a total of 197 seats, including seating for 20 in First Class, 30 in Delta Comfort+, and 147 in the main cabin. Register for your free research report on DAL at: www.wallstequities.com/registration/?symbol=DAL
United Continental Holdings
Shares in Illinois-based United Continental Holdings Inc. ended yesterday's session 1.25% higher at $64.56. The stock recorded a trading volume of 3.71 million shares. The Company's shares have advanced 10.02% in the last one month and 12.20% over the previous three months. The stock is trading 4.98% above its 50-day moving average. Moreover, shares of United Continental have an RSI of 67.83.
On December 07th, 2017, United Airlines, a subsidiary of United Continental, announced that Kate Gebo has been named Executive Vice President Human Resources and Labor Relations, replacing Mike Bonds, who announced his retirement earlier this year. Gebo will report directly to Oscar Munoz, CEO. Wall St. Equities' downloadable research report on UAL available at: www.wallstequities.com/registration/?symbol=UAL
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