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Jan 22- United Continental Holdings Inc provided a bullish outlook for the coming year on Thursday in part because of lower fuel costs, sending shares up even though its fourth-quarter profit fell short of expectations. "That would be starting off the year on a very, very strong note," said CRT Capital Group analyst Michael Derchin, adding that he could not recall...
Jan 22- United Continental Holdings Inc said on Thursday that its profit was $28 million last quarter, falling short of analysts' estimates. The Chicago- based airline earned $461 million, or $1.20 per diluted share, excluding $433 million in special costs largely from settling losing fuel hedges and from a voluntary buyout for flight attendants.
LOS ANGELES— A Georgia man who posed as an airline employee to make cut-rate reservations, then resold the tickets for thousands of dollars, pleaded guilty Wednesday to conspiracy to commit wire fraud. Gilbert Myers Jr., 38, of Atlanta, entered the plea before U.S. In a plea agreement, Myers acknowledged he fraudulently booked hundreds of flights on United...
Delta Air rose$. 01 or percent, to $49.18. JetBlue Airways Corp. rose$. 06 or. 4 percent, to $15.28. Southwest Airlines Co. rose $1.04 or 2.5 percent, to $41.83.
Delta Air rose$. 14 or. 3 percent, to $49.31. JetBlue Airways Corp. rose$. 10 or. 7 percent, to $15.32. Southwest Airlines Co. rose$. 90 or 2.2 percent, to $41.69.
In an interview with Reuters, John Wojick, Boeing's vice president for global sales& marketing, echoed a consensus among participants at a Dublin finance gathering that the slide in oil prices would not significantly undermine new jet demand. Delegates at this week's Airline Economics conference said the drop in oil could reduce the premium Boeing and rival...
Delta Air rose$. 07 or. 1 percent, to $49.24. JetBlue Airways Corp. rose$. 13 or. 9 percent, to $15.35. Southwest Airlines Co. rose$. 45 or 1.1 percent, to $41.24.
Some of the names on the move ahead of the open.
Delta Air rose $3.33 or 7.3 percent, to $49.17. JetBlue Airways Corp. rose$. 37 or 2.5 percent, to $15.22. Southwest Airlines Co. rose $1.31 or 3.3 percent, to $40.79.
The "Fast Money" traders give their final trades of the day.
Jan 20- With plummeting oil prices expected to cut airlines' costs by billions of dollars, Delta Air Lines Inc said Tuesday that it will channel the savings toward debt reduction and returning more cash to shareholders. Delta's shares surged 7.3 percent, making it the biggest percentage gainer in the S&P500, while American Airlines Group Inc shares rose 5.9...
DUBLIN, Jan 20- Airlines enjoying a $100 billion windfall from lower oil prices this year are being urged not to let up on cost controls which helped them survive the recent oil price boom. Gerry Laderman, treasurer at United Continental Holdings, said that if oil prices stayed low, airlines could find themselves generating more cash than they expected.
Delta Air rose $2.55 or 5.6 percent, to $48.39. JetBlue Airways Corp. rose$. 17 or 1.1 percent, to $15.02. Southwest Airlines Co. rose$. 67 or 1.7 percent, to $40.15.
Some of Tuesday's midday movers:
Delta Air rose $1.60 or 3.5 percent, to $47.44. JetBlue Airways Corp. rose$. 26 or 1.8 percent, to $15.11. Southwest Airlines Co. rose$. 75 or 1.9 percent, to $40.23.
"If you want to see how the international aviation landscape is going to evolve, just look to the United States, where consolidation has left just four major legacy carriers to compete with the low-cost airlines that serve the rest of the market," said Franke, managing partner of Phoenix- based private equity firm Indigo Partners. The former chairman of America...
DENVER— Frontier Airlines said Friday that it will hire contractors to do the work of 1,300 employees— about a third of its total workforce— at the Denver airport and in Milwaukee. Frontier said it will hire a unit of Swissport International Ltd. to perform all ground-operations work at the Denver airport, replacing 1,160 airline employees.
Delta Air rose$. 79 or 1.8 percent, to $45.84. JetBlue Airways Corp. rose$. 10 or. 7 percent, to $14.85. Southwest Airlines Co. rose$. 58 or 1.5 percent, to $39.48.
Delta Air rose$. 04 or. 1 percent, to $45.09. JetBlue Airways Corp. fell$. 09 or. 6 percent, to $14.66. Southwest Airlines Co. rose$. 05 or. 1 percent, to $38.95.
Delta Air rose$. 11 or. 2 percent, to $45.16. JetBlue Airways Corp. fell$. 02 or. 1 percent, to $14.73. Southwest Airlines Co. fell$. 29 or. 7 percent, to $38.61.