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LUV

Southwest

$58.29

-0.09 (-0.15%)

06:33
10/06/17
10/06
06:33
10/06/17
06:33

Southwest reports Sept. traffic down 4.5%

Southwest Airlines reported its September preliminary traffic statistics. The company flew 9.5B revenue passenger miles, or RPMs, in September 2017, a decrease of 4.5% from the 9.9B RPMs flown in September 2016. Available seat miles, or ASMs, decreased 1.6% to 11.6B in September 2017, compared with September 2016 ASMs of 11.8B. The September 2017 load factor was 81.7%, compared with 84.2% in September 2016. Based on these results and consistent with guidance furnished in a Form 8-K filed on September 28, 2017, the company continues to estimate its Q3 operating revenue per ASM, or RASM, to be flat to down 1%, as compared with Q3 of 2016.

LUV Southwest
$58.29

-0.09 (-0.15%)

09/21/17
UBSW
09/21/17
NO CHANGE
UBSW
Recent correction in airline stocks overdone, says UBS
UBS analyst Darryl Genovesi noted that United Continental (UAL) and Alaska Air (ALK) are down about 20% while Delta (DAL) and American (AAL) have fallen about 10% so far in Q3 as the fare-matching narrative has re-surfaced and estimates for fuel costs have risen. However, he views the recent correction as overdone and thinks the airline group as a whole, which was cheap before, is cheaper now without the forward earnings growth outlook being any worse. Genovesi, who doesn't see evidence of a demand drop off in the travel agency data he tracks, thinks Q3 RASM weakness is predominantly "self-inflicted" by oversupply. Other publicly traded companies in the space include JetBlue (JBLU) and Southwest (LUV).
09/25/17
MACQ
09/25/17
INITIATION
Target $62
MACQ
Outperform
Southwest initiated with an Outperform at Macquarie
Macquarie analyst Susan Donofrio Southwest with an Outperform and a $62 price target saying its well positioned to succeed given its focus on fare segmentation and a new reservation system amid an industry backdrop of widespread fare discounting.
09/25/17
MACQ
09/25/17
INITIATION
Target $62
MACQ
Outperform
Southwest initiated with an Outperform at Macquarie
Macquarie analyst Susan Donofrio initiated Southwest with an Outperform and $62 price target saying its well positioned to succeed given its focus on fare segmentation and a new reservation system amid an industry backdrop of widespread fare discounting.
09/27/17
STFL
09/27/17
NO CHANGE
STFL
Big 4 airlines' exposure to Spirit lower than thought, says Stifel
Stifel analyst Joseph DeNardi believes that sell side analysts at other firms may be overstating the degree of overlap that the "Big 4" airlines - American Airlines (AAL), Delta (DAL), Southwest (LUV) and United Continental (UAL) - have with Spirit (SAVE) by not accurately adjusting to include only routes operated within the same time period as competitors. Adjusting to within a 2 hour time channel, he estimates only 5% of United's and Delta's total ASMs are directly exposed to Spirit, while 8% of American's ASMs and 11% of Southwest's are exposed, he tells investors. If United is hoping to influence Spirit's growth, it may choose to continue to compete aggressively, but if its goal is to improve margins, he would expect pricing to stabilize, DeNardi tells investors.

TODAY'S FREE FLY STORIES

MERC

Mercer

$13.50

-0.05 (-0.37%)

20:51
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    Oct

ADBE

Adobe

$153.00

2.62 (1.74%)

20:50
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MDB

MongoDB

20:46
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Syndicate
MongoDB 8M share IPO priced at $24.00 »

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    Oct

VZ

Verizon

$48.65

0.25 (0.52%)

, PM

Philip Morris

$112.51

-0.14 (-0.12%)

20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

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VZ

Verizon

$48.65

0.25 (0.52%)

PM

Philip Morris

$112.51

-0.14 (-0.12%)

DHR

Danaher

$86.05

0.79 (0.93%)

BK

BNY Mellon

$54.46

0.5 (0.93%)

BX

Blackstone

$33.49

0.27 (0.81%)

BBT

BB&T

$46.54

0.02 (0.04%)

TRV

Travelers

$130.02

1.37 (1.06%)

PPG

PPG

$112.88

-0.08 (-0.07%)

RCI

Rogers Communications

$53.75

-0.23 (-0.43%)

NUE

Nucor

$57.28

0.17 (0.30%)

DOV

Dover

$93.57

-0.48 (-0.51%)

GPC

Genuine Parts

$98.04

1.18 (1.22%)

TXT

Textron

$53.57

0.5 (0.94%)

DGX

Quest Diagnostics

$92.05

-0.13 (-0.14%)

ADS

Alliance Data

$228.38

1.44 (0.63%)

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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:12
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HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:11
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HPE to simplify organizational structure, to drive cost savings of $1.5B »

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:10
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19:10
Earnings
HP Enterprise sees FY17 adjusted EPS view roughly $1.00, consensus $1.40 »

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  • 18

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    Dec

HPE

HP Enterprise

$14.70

0.09 (0.62%)

19:08
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19:08
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19:08
Earnings
HP Enterprise sees FY18 adjusted EPS $1.15-$1.25, consensus $1.20 »

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  • 18

    Oct

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    Dec

CME

CME Group

$136.37

0.18 (0.13%)

19:01
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CME Group, JPX enter agremenet to launch TOPIX futures contract on CME »

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  • 18

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UAL

United Continental

$67.99

0.48 (0.71%)

18:50
10/18/17
10/18
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18:50
Hot Stocks
Breaking Hot Stocks news story on United Continental »

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  • 19

    Oct

CSX

CSX

$53.68

-0.55 (-1.01%)

18:49
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Hot Stocks
CSX discloses reduction of locomotives in maintenance program »

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  • 29

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VZ

Verizon

$48.65

0.25 (0.52%)

18:41
10/18/17
10/18
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Periodicals
Verizon targets spring 2018 start of delayed online TV service, Bloomberg says »

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  • 19

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    Nov

IBM

IBM

$159.53

12.99 (8.86%)

18:37
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IBM CFO: Great start to 2H17 »

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  • 22

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SEAS

SeaWorld

$12.31

-0.17 (-1.36%)

18:26
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Hot Stocks
SeaWorld to eliminate approximately 350 positions in restructuring program »

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  • 07

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JPM

JPMorgan

$97.99

0.37 (0.38%)

18:12
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SEC names JPMorgan exec Redfearn Director of Division of Trading and Markets »

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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
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Periodicals
Verizon targets spring start of delayed online TV service, Bloomberg says »

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  • 19

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

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  • 19

    Oct

CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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10/18
18:03
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Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
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10/18
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Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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  • 19

    Oct

OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
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Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

    Oct

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
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Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
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Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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  • 03

    Nov

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    Nov

GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
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FDA grants regulatory approval to Kite's Yescarta »

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  • 20

    Oct

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    Feb

POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
10/18/17
10/18
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17:37
Hot Stocks
Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

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  • 19

    Oct

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