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2021-09-10

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Airline stocks rally, as slew of revenue warnings come with signs of recovery

The weakness in August and early September was widely expected, with some airlines saying it will be

Airline stocks rally, as slew of revenue warnings come with signs of recovery

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{"i18n":{"language":"en_US"},"data":{"magic":2,"id":883607352,"tweetId":"883607352","gmtCreate":1631236150676,"gmtModify":1676530503720,"author":{"id":3579597894886234,"idStr":"3579597894886234","authorId":3579597894886234,"authorIdStr":"3579597894886234","name":"TCH016811","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":11,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Great&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Great&nbsp;</p></body></html>","text":"Great","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/883607352","repostId":2166349856,"repostType":4,"repost":{"id":"2166349856","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1631199900,"share":"https://ttm.financial/m/news/2166349856?lang=en_US&edition=fundamental","pubTime":"2021-09-09 23:05","market":"us","language":"en","title":"Airline stocks rally, as slew of revenue warnings come with signs of recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2166349856","media":"Dow Jones","summary":"The weakness in August and early September was widely expected, with some airlines saying it will be","content":"<blockquote>\n <b>The weakness in August and early September was widely expected, with some airlines saying it will be temporary.</b>\n</blockquote>\n<p>A slew of airlines confirmed on Thursday what investors have expected, that third-quarter revenue would be weaker than previously forecast as the recent spike in COVID-19 cases has reduced travel plans.</p>\n<p>While the shares of air carriers that issued revenue warnings took an initial hit, they all reversed to trade sharply higher after the opening bell, as some airlines even suggested that the worst has already passed.</p>\n<p>The airlines said that after a strong July, the pace of recovery in bookings slowed and cancellations increased starting in August, with that weakness continuing into September, as COVID-19 cases increased.</p>\n<p>The revenue warnings come after new daily COVID-19 cases started climbing in July and reached levels in August and the start of September that hadn't been seen in six months, before dipping slightly in the past week. Read MarketWatch's \"Coronavirus Update\" column.</p>\n<p>And on cue, the daily average of people going through Transportation Security Administration checkpoints was 2.04 million in July, the highest monthly average for the year, then fell to 1.85 million in August, according to a MarketWatch analysis of TSA data. So far in September, the daily average has declined to 1.72 million.</p>\n<p>With that data already widely available, the U.S. Global Jets exchange-traded fund <a href=\"https://laohu8.com/S/JETS.UK\">$(JETS.UK)$</a> had been selling off since peaking in mid-March. It tumbled 9.9% in June and fell another 5.3% in July, then edged up 0.4% in August and has gained 0.9% month-to-date. It has now shed 12.6% over the past three months, while the S&amp;P 500 index has gained 7.3%.</p>\n<p>On Thursday, despite all the warnings, the Jets ETF shot up 2.9%.</p>\n<p>Shares of Delta Air Lines Inc. <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> were down as much as 1.1% ahead of the open, but has reversed course to surge 4.3% in morning trading, as it suggested the weakness may already be over.</p>\n<p>The air carrier said only that it expected third-quarter revenue to be at the \"lower end\" of its previous guidance range, but said its outlook for total capacity was \"unchanged.\"</p>\n<p>\"While the environment remains choppy, booking trends have stabilized in the last 10 days and the recovery is expected to resume as case counts decline,\" Delta said in a statement.</p>\n<p>Based on data from a New York Times tracker, the 7-day average of new COVID-19 cases was 148,538 on Wednesday, down from 166,015 a week ago, and 3% below where it was two weeks ago.</p>\n<p>American Airlines Group Inc.'s stock <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> sank as much as 1.5% premarket, but charged 5.6% higher in recent trading.</p>\n<p>The airline said it now expects third-quarter revenue to be down 24% to 28% from the same period in 2019, compared with previous guidance of a 20% decline. The current FactSet consensus for third-quarter revenue of $9.23 billion implies a 22.5% drop from 2019.</p>\n<p>The company said that booked load factor for peak travel periods, including fourth-quarter holiday periods, \"remains very strong.\"</p>\n<p>United Airlines Holdings Inc. shares <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> ascended 4.3%, after losing as much as 2.2% before the open.</p>\n<p>The company expects third-quarter revenue to be down 33% from 2019, while the FactSet revenue consensus of $8.41 billion implies a 26% decline. United also cuts its capacity guidance to a decline of 28% from a decline of 26%.</p>\n<p>But on a bright note, United said the current spike in COVID-19 cases \"has been significantly less impactful to date than prior spikes,\" and is expected to be \"temporary\" in nature.</p>\n<p>\"Based on demand patterns following prior waves of COVID-19, the company expects bookings to begin to recover once cases peak,\" United stated.</p>\n<p>Among shares of other airlines that warned, Southwest Airlines Co. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> climbed 3.5% and JetBlue Airways Corp. <a href=\"https://laohu8.com/S/JBLU\">$(JBLU)$</a> advanced 6.1%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airline stocks rally, as slew of revenue warnings come with signs of recovery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirline stocks rally, as slew of revenue warnings come with signs of recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-09-09 23:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>The weakness in August and early September was widely expected, with some airlines saying it will be temporary.</b>\n</blockquote>\n<p>A slew of airlines confirmed on Thursday what investors have expected, that third-quarter revenue would be weaker than previously forecast as the recent spike in COVID-19 cases has reduced travel plans.</p>\n<p>While the shares of air carriers that issued revenue warnings took an initial hit, they all reversed to trade sharply higher after the opening bell, as some airlines even suggested that the worst has already passed.</p>\n<p>The airlines said that after a strong July, the pace of recovery in bookings slowed and cancellations increased starting in August, with that weakness continuing into September, as COVID-19 cases increased.</p>\n<p>The revenue warnings come after new daily COVID-19 cases started climbing in July and reached levels in August and the start of September that hadn't been seen in six months, before dipping slightly in the past week. Read MarketWatch's \"Coronavirus Update\" column.</p>\n<p>And on cue, the daily average of people going through Transportation Security Administration checkpoints was 2.04 million in July, the highest monthly average for the year, then fell to 1.85 million in August, according to a MarketWatch analysis of TSA data. So far in September, the daily average has declined to 1.72 million.</p>\n<p>With that data already widely available, the U.S. Global Jets exchange-traded fund <a href=\"https://laohu8.com/S/JETS.UK\">$(JETS.UK)$</a> had been selling off since peaking in mid-March. It tumbled 9.9% in June and fell another 5.3% in July, then edged up 0.4% in August and has gained 0.9% month-to-date. It has now shed 12.6% over the past three months, while the S&amp;P 500 index has gained 7.3%.</p>\n<p>On Thursday, despite all the warnings, the Jets ETF shot up 2.9%.</p>\n<p>Shares of Delta Air Lines Inc. <a href=\"https://laohu8.com/S/DAL\">$(DAL)$</a> were down as much as 1.1% ahead of the open, but has reversed course to surge 4.3% in morning trading, as it suggested the weakness may already be over.</p>\n<p>The air carrier said only that it expected third-quarter revenue to be at the \"lower end\" of its previous guidance range, but said its outlook for total capacity was \"unchanged.\"</p>\n<p>\"While the environment remains choppy, booking trends have stabilized in the last 10 days and the recovery is expected to resume as case counts decline,\" Delta said in a statement.</p>\n<p>Based on data from a New York Times tracker, the 7-day average of new COVID-19 cases was 148,538 on Wednesday, down from 166,015 a week ago, and 3% below where it was two weeks ago.</p>\n<p>American Airlines Group Inc.'s stock <a href=\"https://laohu8.com/S/AAL\">$(AAL)$</a> sank as much as 1.5% premarket, but charged 5.6% higher in recent trading.</p>\n<p>The airline said it now expects third-quarter revenue to be down 24% to 28% from the same period in 2019, compared with previous guidance of a 20% decline. The current FactSet consensus for third-quarter revenue of $9.23 billion implies a 22.5% drop from 2019.</p>\n<p>The company said that booked load factor for peak travel periods, including fourth-quarter holiday periods, \"remains very strong.\"</p>\n<p>United Airlines Holdings Inc. shares <a href=\"https://laohu8.com/S/UAL\">$(UAL)$</a> ascended 4.3%, after losing as much as 2.2% before the open.</p>\n<p>The company expects third-quarter revenue to be down 33% from 2019, while the FactSet revenue consensus of $8.41 billion implies a 26% decline. United also cuts its capacity guidance to a decline of 28% from a decline of 26%.</p>\n<p>But on a bright note, United said the current spike in COVID-19 cases \"has been significantly less impactful to date than prior spikes,\" and is expected to be \"temporary\" in nature.</p>\n<p>\"Based on demand patterns following prior waves of COVID-19, the company expects bookings to begin to recover once cases peak,\" United stated.</p>\n<p>Among shares of other airlines that warned, Southwest Airlines Co. <a href=\"https://laohu8.com/S/LUV\">$(LUV)$</a> climbed 3.5% and JetBlue Airways Corp. <a href=\"https://laohu8.com/S/JBLU\">$(JBLU)$</a> advanced 6.1%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","AAL":"美国航空","UAL":"联合大陆航空","LUV":"西南航空","JBLU":"捷蓝航空"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166349856","content_text":"The weakness in August and early September was widely expected, with some airlines saying it will be temporary.\n\nA slew of airlines confirmed on Thursday what investors have expected, that third-quarter revenue would be weaker than previously forecast as the recent spike in COVID-19 cases has reduced travel plans.\nWhile the shares of air carriers that issued revenue warnings took an initial hit, they all reversed to trade sharply higher after the opening bell, as some airlines even suggested that the worst has already passed.\nThe airlines said that after a strong July, the pace of recovery in bookings slowed and cancellations increased starting in August, with that weakness continuing into September, as COVID-19 cases increased.\nThe revenue warnings come after new daily COVID-19 cases started climbing in July and reached levels in August and the start of September that hadn't been seen in six months, before dipping slightly in the past week. Read MarketWatch's \"Coronavirus Update\" column.\nAnd on cue, the daily average of people going through Transportation Security Administration checkpoints was 2.04 million in July, the highest monthly average for the year, then fell to 1.85 million in August, according to a MarketWatch analysis of TSA data. So far in September, the daily average has declined to 1.72 million.\nWith that data already widely available, the U.S. Global Jets exchange-traded fund $(JETS.UK)$ had been selling off since peaking in mid-March. It tumbled 9.9% in June and fell another 5.3% in July, then edged up 0.4% in August and has gained 0.9% month-to-date. It has now shed 12.6% over the past three months, while the S&P 500 index has gained 7.3%.\nOn Thursday, despite all the warnings, the Jets ETF shot up 2.9%.\nShares of Delta Air Lines Inc. $(DAL)$ were down as much as 1.1% ahead of the open, but has reversed course to surge 4.3% in morning trading, as it suggested the weakness may already be over.\nThe air carrier said only that it expected third-quarter revenue to be at the \"lower end\" of its previous guidance range, but said its outlook for total capacity was \"unchanged.\"\n\"While the environment remains choppy, booking trends have stabilized in the last 10 days and the recovery is expected to resume as case counts decline,\" Delta said in a statement.\nBased on data from a New York Times tracker, the 7-day average of new COVID-19 cases was 148,538 on Wednesday, down from 166,015 a week ago, and 3% below where it was two weeks ago.\nAmerican Airlines Group Inc.'s stock $(AAL)$ sank as much as 1.5% premarket, but charged 5.6% higher in recent trading.\nThe airline said it now expects third-quarter revenue to be down 24% to 28% from the same period in 2019, compared with previous guidance of a 20% decline. The current FactSet consensus for third-quarter revenue of $9.23 billion implies a 22.5% drop from 2019.\nThe company said that booked load factor for peak travel periods, including fourth-quarter holiday periods, \"remains very strong.\"\nUnited Airlines Holdings Inc. shares $(UAL)$ ascended 4.3%, after losing as much as 2.2% before the open.\nThe company expects third-quarter revenue to be down 33% from 2019, while the FactSet revenue consensus of $8.41 billion implies a 26% decline. United also cuts its capacity guidance to a decline of 28% from a decline of 26%.\nBut on a bright note, United said the current spike in COVID-19 cases \"has been significantly less impactful to date than prior spikes,\" and is expected to be \"temporary\" in nature.\n\"Based on demand patterns following prior waves of COVID-19, the company expects bookings to begin to recover once cases peak,\" United stated.\nAmong shares of other airlines that warned, Southwest Airlines Co. $(LUV)$ climbed 3.5% and JetBlue Airways Corp. $(JBLU)$ advanced 6.1%.","news_type":1,"symbols_score_info":{"DAL":0.9,"AAL":0.9,"JBLU":0.9,"LUV":0.9,"UAL":0.9}},"isVote":1,"tweetType":1,"viewCount":1809,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}