|Day's range||20.10 - 20.10|
Solid air-travel demand boosts Alaska Air (ALK). However, low liquidity is a headwind.
In the latest trading session, Alaska Air Group (ALK) closed at $48.36, marking a +1.9% move from the previous day.
Golar LNG (GLNG) first-quarter 2023 revenue inched up by 1% year over year.
Sky-high fuel prices have kept a lid on airlines' profits for most of this period, though. Fortunately, jet fuel prices have fallen dramatically in recent months. The biggest pain for airlines came during the second quarter, when Gulf Coast jet fuel averaged nearly $4 per gallon.
Alaska Air Group (ALK) closed at $44.84 in the latest trading session, marking a -0.2% move from the prior day.
JetBlue (JBLU) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Strong air-travel demand and fleet-modernization techniques boost Copa Holdings (CPA).
Landstar's (LSTR) management expects second-quarter 2023 earnings per share in the range of $1.75-$1.85.
JetBlue's (JBLU) management expects total revenues in the June quarter to increase 4.5-8.5% on a year-over-year basis.
While constant growth in the company's fleet aids Air Lease (AL), rising operating expenses might weigh on its bottom line.
Solid freight demand and strong 2023 earnings outlook aid Canadian National (CNI). However, liquidity is worrisome.
The robust performance of the express delivery services unit and pro-investor steps boost ZTO Express (ZTO).
The latest deal between Norfolk Southern (NSC) and BLET marks the former's favorable terms with unions.
A solid liquidity position & buoyant air-travel demand boost Delta Air (DAL).
Here is how American Airlines (AAL) and Alaska Air Group (ALK) have performed compared to their sector so far this year.
Allegiant (ALGT) benefits from a recovery in air-travel demand. Expenses related to fuel prices and other airline capital expenditures weigh on the bottom line.
Southwest Airlines (LUV) benefits from a recovery in air-travel demand. Expenses related to fuel prices and labor and airport costs weigh on the bottom line.
The consensus price target hints at a 54.4% upside potential for Alaska Air (ALK). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Alaska Air's (ALK) management expects to boost its fleet and workforce in 2023 to meet the demand swell.
Strength across the Dedicated Contract Services segment aids J.B. Hunt's (JBHT) top-line growth. Higher net interest expense and high debt remain a concern.
The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You may buy ELF, HST, ALK, ADUS & INSW
Expeditors (EXPD) has a solid dividend growth record over the past five years.
United Airlines (UAL) expects revenues for the June quarter to grow 14-16% year over year.
Allegiant Travel's (ALGT) first-quarter 2023 earnings and revenues increase year over year.