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The Zacks Analyst Blog Highlights: JetBlue Airways, Spirit Airlines, GOL Linhas, Copa Holdings and Hawaiian Holdings
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For Immediate Release
Chicago, IL – September 21, 2017 – 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 JetBlue Airways Corporation (Nasdaq:(JBLU - Free Report) – Free Report), Spirit Airlines (Nasdaq:(SAVE - Free Report) – Free Report), GOL Linhas (NYSE: – Free Report), Copa Holdings (NYSE:(CPA - Free Report) – Free Report) and Hawaiian Holdings (Nasdaq:(HA - Free Report) – Free Report).
Here are highlights from Wednesday’s Analyst Blog:
Airline Stock Roundup: JBLU, SAVE, GOL, CPA and More
In the last week, key airline players like JetBlue Airways Corporation (Nasdaq:JBLU– Free Report), Spirit Airlines (Nasdaq:SAVE– Free Report), GOL Linhas (NYSE:GOL– Free Report) and Copa Holdings (NYSE:CPA– Free Report) revealed their respective traffic data for the month of August.
While the traffic reports of Latin American carriers — GOL and Copa Holdings — were impressive, JetBlue and Spirit Airlines’ performance was disappointing. Evidently, both the U.S.- based carriers reported a decline in their respective load factors (percentage of seats filled by passengers). The downturn was due to traffic growth being outpaced by capacity expansion at JetBlue as well as Spirit Airlines.
Moreover, the Bureau of Transportation Services revealed that average airfares in the United States had declined in the same period. Notably, the August reading marked the second successive month of price weakness.
Hawaiian Airlines — the wholly owned subsidiary of Hawaiian Holdings (Nasdaq:HA– Free Report) — also grabbed headlines by virtue of its announcement to expand operations in New Zealand from March 2018.
1. At JetBlue, traffic — measured in revenue passenger miles (RPMs) — improved 5% year over year while consolidated capacity (or available seat miles/ASMs) expanded 5.4%. But Augustload factor decreased 30 basis points to 87.1% (read more: JetBlue's August Load Factor Declines, Stock Falls).
2. While traffic at Spirit Airlines increased 20.6%, capacity expanded 21.9%. Meanwhile, load factor decreased to 86.2% from 87.1% recorded in August 2016. Additionally, this low-cost carrier registered a completion factor (system wide) of 96.6% for the month with 76.9% flights on schedule (read more: Spirit Airlines' August Traffic Increases, Load Factor Slips).
3. GOL Linhas’ shares were positively impacted following the release of impressive August traffic data. Load factor increased 40 basis points as traffic growth outpaced capacity expansion for the month (read more: GOL Linhas Reports Rise in August Traffic & Load Factor).
4. Fellow Latin American carrier, Copa Holdings, also reported impressive traffic data for August. Load factor increased 140 basis points to 85.1% as traffic growth outpaced capacity expansion for the month (read more: Copa Holdings Traffic, Load Factor Rise in August).
5. Average air fares in August fell 3.2% from the comparable figure a year ago. Also, the price of air tickets decreased 6.1% (unadjusted) in the same month on a month-on-month basis.
6. Buoyed by strong demand, Hawaiian Airlines intends to start operating up to five non-stop flights (weekly) between Auckland and Honolulu from Mar 21, 2018. In 2013, the company had started operating thrice a week flights connecting the two destinations. Markedly, these flights have carried more 260,000 passengers since inception, thus leading to the company’s expansion plans.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: JetBlue Airways, Spirit Airlines, GOL Linhas, Copa Holdings and Hawaiian Holdings
For Immediate Release
Chicago, IL – September 21, 2017 – 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 JetBlue Airways Corporation (Nasdaq:(JBLU - Free Report) – Free Report), Spirit Airlines (Nasdaq:(SAVE - Free Report) – Free Report), GOL Linhas (NYSE: – Free Report), Copa Holdings (NYSE:(CPA - Free Report) – Free Report) and Hawaiian Holdings (Nasdaq:(HA - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Airline Stock Roundup: JBLU, SAVE, GOL, CPA and More
In the last week, key airline players like JetBlue Airways Corporation (Nasdaq:JBLU – Free Report), Spirit Airlines (Nasdaq:SAVE – Free Report), GOL Linhas (NYSE:GOL – Free Report) and Copa Holdings (NYSE:CPA – Free Report) revealed their respective traffic data for the month of August.
While the traffic reports of Latin American carriers — GOL and Copa Holdings — were impressive, JetBlue and Spirit Airlines’ performance was disappointing. Evidently, both the U.S.- based carriers reported a decline in their respective load factors (percentage of seats filled by passengers). The downturn was due to traffic growth being outpaced by capacity expansion at JetBlue as well as Spirit Airlines.
Moreover, the Bureau of Transportation Services revealed that average airfares in the United States had declined in the same period. Notably, the August reading marked the second successive month of price weakness.
Hawaiian Airlines — the wholly owned subsidiary of Hawaiian Holdings (Nasdaq:HA – Free Report) — also grabbed headlines by virtue of its announcement to expand operations in New Zealand from March 2018.
Transportation - Airline Industry 5YR % Return
On the price front, the NYSE ARCA Airline Index declined 2% to $106.15 over the last week.
(Read the last Airline Stock Roundup for Sep 13, 2017).
Recap of the Past Week’s Most Important Stories
1. At JetBlue, traffic — measured in revenue passenger miles (RPMs) — improved 5% year over year while consolidated capacity (or available seat miles/ASMs) expanded 5.4%. But Augustload factor decreased 30 basis points to 87.1% (read more: JetBlue's August Load Factor Declines, Stock Falls).
2. While traffic at Spirit Airlines increased 20.6%, capacity expanded 21.9%. Meanwhile, load factor decreased to 86.2% from 87.1% recorded in August 2016. Additionally, this low-cost carrier registered a completion factor (system wide) of 96.6% for the month with 76.9% flights on schedule (read more: Spirit Airlines' August Traffic Increases, Load Factor Slips).
3. GOL Linhas’ shares were positively impacted following the release of impressive August traffic data. Load factor increased 40 basis points as traffic growth outpaced capacity expansion for the month (read more: GOL Linhas Reports Rise in August Traffic & Load Factor).
GOL Linhas holds a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
4. Fellow Latin American carrier, Copa Holdings, also reported impressive traffic data for August. Load factor increased 140 basis points to 85.1% as traffic growth outpaced capacity expansion for the month (read more: Copa Holdings Traffic, Load Factor Rise in August).
5. Average air fares in August fell 3.2% from the comparable figure a year ago. Also, the price of air tickets decreased 6.1% (unadjusted) in the same month on a month-on-month basis.
According to research firm Hopper, air fares (roundtrip) in the United States are likely hit a low of $216 in October (read more: U.S. Air Fares Continue to Decline: Should Airlines Worry?).
6. Buoyed by strong demand, Hawaiian Airlines intends to start operating up to five non-stop flights (weekly) between Auckland and Honolulu from Mar 21, 2018. In 2013, the company had started operating thrice a week flights connecting the two destinations. Markedly, these flights have carried more 260,000 passengers since inception, thus leading to the company’s expansion plans.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.