|Bid||58.97 x 800|
|Ask||58.98 x 1000|
|Day's range||58.31 - 59.19|
|52-week range||45.08 - 63.44|
|Beta (3Y monthly)||1.30|
|PE ratio (TTM)||8.78|
|Earnings date||9 Oct. 2019 - 14 Oct. 2019|
|Forward dividend & yield||1.61 (2.71%)|
|1y target est||69.94|
On Wednesday, Southwest Airlines (LUV) stock rose 1% and outperformed most of its peers' intraday gains. The stock outperformed the broader market as well.
(Bloomberg) -- Delta Air Lines is funding a study to see if twigs, branches and other wood debris can create jet fuel to help fly its West Coast planes.The airline invested $2 million to partner with Northwest Advanced Bio-fuels LLC to study the feasibility of a bio-fuel production facility in Washington that could create fuel out of forest debris, the company said Tuesday in a statement. Delta is about one-fifth of the way toward its goal of cutting carbon emissions by 50% by 2050, according to the statement.“This single project could provide approximately 10% of Delta’s annual jet fuel consumption in the West Coast region and, if successful, could become the blueprint for future projects,” said Graeme Burnett, Delta’s Senior Vice President - Fuel Management.The sustainable jet fuel could be used in Delta’s operations in Seattle, Portland, San Francisco and Los Angeles. Delta expects the study to be complete by mid-2020 and evaluate further steps with the project’s development. Northwest Advanced Bio-fuels plans first delivery of the fuel by the end of 2023.To contact the reporter on this story: Jacquelyn Melinek in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: David Marino at email@example.com, Christine BuurmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Virgin Atlantic Airways Ltd. will add 84 destinations including Beijing, Buenos Aires and Sydney if the expansion of London’s Heathrow airport is accompanied by a shakeup in the way operating slots are allocated.The airline would like to serve 35 new long-haul destinations from Europe’s busiest hub, on top of the 19 it offers today, plus 37 cities in continental Europe and 12 domestic routes, it said in a statement Wednesday.Virgin Atlantic is pushing a slot model that would effectively create a second U.K. flag carrier to rival British Airways. While a 16 billion-pound ($20 billion) extra runway at Heathrow won’t open until 2026, the slot regime is undergoing a review that could determine the allocation system for years to come.“The third runway is a once-in-a-lifetime opportunity to change the status quo,” Chief Executive Officer Shai Weiss said in the release, adding that Virgin’s proposals would help the government meet objectives for increased competition and improved domestic and international connectivity.Virgin, founded by billionaire Richard Branson and 49% owned by U.S. ally Delta Air Lines Inc., has already boosted its Heathrow slot holding through the purchase of small regional carrier Flybe Group Plc, bought this year for just 2.2 million pounds.BA and its sister carriers at IAG SA currently control about 55% of Heathrow takeoff and landing positions, with no other airline holding more than 5%, Virgin says. New slots are generally allocated in line with existing holdings.The carrier’s long-haul wish list also features destinations including Auckland, Calgary, Jakarta, Lima, Mexico City, Nairobi, TokyoEuropean cities would include Helsinki, Berlin, Paris and Madrid, with domestic locations spanning Newquay to InvernessTo contact the reporter on this story: Christopher Jasper in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Anthony Palazzo at email@example.com, Andrew Noël, John BowkerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- GitLab Inc., a platform for developing and collaborating on code, has raised $268 million in new funding in a round valuing the startup at $2.75 billion, more than double its last valuation, the company said.The San Francisco-based startup provides a single application for companies to draft, develop and release code. The product is used by companies including Delta Air Lines Inc., Ticketmaster Entertainment Inc. and Goldman Sachs Group Inc.GitLab helps companies “get faster from ‘I want to make this,’ to getting the software out the door,” Chief Executive Officer Sid Sijbrandij said in an interview. “All the companies are becoming software companies, every change you want to make influences software, and the faster you can make that change, the easier it is.”The new funds will be used to add monitoring and security to GitLab’s offering, and to increase the company’s staff to more than 1,000 employees this year from 400. GitLab is able to add workers at a rapid rate, since it has an all-remote workforce, Sijbrandij said.The investment also comes in preparation for a potential public offering next year. GitLab’s largest competitor, GitHub Inc., was acquired by Microsoft Corp. in a stock deal announced in June 2018 worth $7.5 billion. But GitLab will instead aim for the public markets, targeting an IPO or direct listing next fall, Sijbrandij said.“We’d rather stay independent as a company,” he said. GitLab has set a tentative date of Nov. 18, 2020, but the CEO added that the startup will watch market conditions and that nothing is guaranteed.The Series E funding round was led by ICONIQ Capital and Goldman Sachs. New investors include Adage Capital Management, Alkeon Capital and Two Sigma Ventures, among others.GitLab has raised a total $426 million so far, including the new round.To contact the reporter on this story: Kiley Roache in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jillian Ward at email@example.com, Molly Schuetz, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
One of 2018’s top airlines, United Airlines stock has struggled to gain altitude in 2019. UAL has returned ~9% YTD, lagging the broader market.
In August, Delta Air Lines had the lowest flight cancellation rate and the best on-time performance versus its top peers—Southwest, United, and American.
With Hurricane Dorian disrupting operations, low-cost carriers Spirit Airlines (SAVE) and JetBlue (JBLU) cut unit revenue projections for the third quarter of 2019.
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.
Delta Air Lines (DAL) reaffirmed its outlook for Q3 and fiscal 2019. Delta noted that it's on track to achieving its top- and bottom-line targets for both periods.
(Bloomberg) -- Facebook Inc. hired two more lobbyists to help win over lawmakers threatening to stymie its launch of a cryptocurrency, according to lobbying disclosures filed this week.William Hollier, president of Hollier Associates LLC, began to lobby for the social-media company on issues including blockchain policy in late August, according to his disclosure. Hollier worked for Senator Mike Crapo, the Idaho Republican who heads the Senate Banking Committee, for more than a decade until 2003. In addition to Facebook, his clients include Microsoft Corp. and the Independent Community Bankers of America.Michael Williams of the Williams Group began to lobby for Facebook in mid-July, according to his disclosure. He was previously a managing director for Credit Suisse Securities, and now has clients including the American Financial Services Association and Delta Air Lines Inc.Facebook, with 27 partners, is attempting to launch a new digital currency called Libra that its executives say can lower costs and expand access to the banking system in third-world countries. The project faced bipartisan scorn during Congressional hearings in July, even leading to legislative proposals that would kill it.Four other firms have registered to lobby for Facebook on cryptocurrencies and related issues in the past two months, including John Collins of FS Vector, a lobbying and regulatory compliance firm in Washington. Collins is a former executive with the cryptocurrency exchange Coinbase Inc. To contact the reporter on this story: Joe Light in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Sara Forden at email@example.com, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Rising demand for air travel aids Delta's (DAL) traffic results. Owing to this tailwind, the carrier is further hopeful about achieving its third-quarter earnings and revenue targets.
Sep.18 -- Delta Air Lines CEO Ed Bastian discusses the impact of the trade war, disruption in the oil market, a stagnant stock price, and airline consolidation. He speaks with Bloomberg Businessweek anchor Jason Kelly in the latest edition of Businessweek Talks.