The Zacks Analyst Blog Highlights: Delta Air Lines, United Airlines, Spirit Airlines, JetBlue Airways And Alaska Air
Zacks Investment Research | Oct 16, 2019 11:31PM ET
For Immediate Release
Chicago, IL – October 17, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Delta Air Lines (NYSE:DAL) , United Airlines Holdings (NASDAQ:UAL) , Spirit Airlines (NYSE:SAVE) , JetBlue Airways (NASDAQ:JBLU) and Alaska Air Group (NYSE:ALK) .
Here are highlights from Wednesday’s Analyst Blog:
Airline Stock Roundup: DAL, UAL, SAVE and More
In the past week, Delta Air Lines initiated third-quarter 2019 earnings season for the airline space. The carrier delivered better-than-expected earnings while revenues lagged expectations. More than the revenue miss, it was the below-par fourth-quarter 2019 earnings per share guidance that disappointed investors. Consequently, this Atlanta, GA-based airline’s shares declined on Oct 10 despite the earnings beat.
Like Delta, United Airlines Holdings beat on earnings while it missed on the revenue front in the third quarter. However, shares of this Chicago-based carrier appreciated following its earnings outperformance on Oct 15 as well as the raised current-year earnings guidance. For 2019, the company now expects earnings between $11.25 and $12.25 compared with $10.5-$12 expected earlier. The mid-point of the newly guided range ($11.75 per share) is below the Zacks Consensus Estimate of $11.81. Following the bottom-line outperformance, the carrier’s CEO Oscar Munoz stated that the company was “ahead of pace’’ to achieve its earnings per share target (between $11 and $13) by 2020 end.
Spirit Airlines was another major newsmaker over the past week. This low-cost carrier provided an encouraging guidance with respect to third-quarter 2019 unit revenues as the impact of Hurricane Dorian on forward bookings was not as severe as anticipated initially. The airline expects to release its detailed results for third-quarter 2019 on Oct 23. Furthermore, JetBlue Airways and Alaska Air Group released the respective September traffic report over the past week.
(Read the Last Airline Stock Roundup Zacks Investment Research
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