Delta’s operation at NYC’s JFK airport will see record traffic this summer Alphotographic/iStock Unreleased via Getty Images The past four plus years have been some of the most difficult for the airline industry. While most of us would like to forget what happened during the early days of covid, few airline investors can forget the…
Alvin Man In September 2023, I covered Air Canada with a buy rating, but the stock has not performed as expected, trading flat whereas the S&P 500 returned 18%. I believe it shows how challenging airline investments are and also reflects the challenges that airlines are currently facing on costs that are continuing to rise…
Abstract Aerial Art In January of this year, we covered the complex deal that was ongoing between Forward Air (NASDAQ:FWRD) and Omni. At the time, Forward tried to walk away from the transaction, prompting a lawsuit for breach of contract filed by Omni to force the closure. Eventually, the parties reached a settlement with some…
Emil Sandberg/iStock Editorial via Getty Images In October 2023, I issued a buy rating for Norwegian Air shuttle ASA and the stock has climbed around 70 percent ever since compared to broader market returns of 20%. However, since my last report published in February this year, the stock price has modestly declined on a positive…
Boarding1Now/iStock Editorial via Getty Images Much has gone in favor of Delta Air Lines (NYSE:DAL) in the recent past, driving its price up by ~20% year-to-date after a 22% increase in 2023. Continued improvements in travel demand, an easing in inflation impacting costs positively, the resulting profits, and a positive outlook all support the DAL…
Skyhobo/iStock Unreleased via Getty Images Alaska Air Group, Inc. (NYSE:ALK), the parent company of Alaska Airlines, Horizon Air, and soon Hawaiian Airlines (HA), is scheduled to report and discuss Q1 earnings on Thursday, April 18. In this seasonally slower quarter, the Seattle-based company is expected to deliver flattish top-line growth with revenues likely to come…
Delta Air Lines, Inc. (NYSE:DAL) Q1 2024 Earnings Conference Call April 10, 2024 10:00 AM ET Company Participants Julie Stewart – Vice President, Investor RelationsEd Bastian – Chief Executive OfficerGlen Hauenstein – PresidentDan Janki – Chief Financial OfficerPeter Carter – Executive Vice President, External AffairsTim Mapes – Senior Vice President Chief Communications Officer Conference Call…
Bjoern Wylezich/iStock Editorial via Getty Images Here at the Lab, we have good coverage of Industrial gas companies, and Air Products and Chemicals (NYSE:APD) is a top pick in our investment portfolio. For our new readers, the company has a $12 billion annual turnover and provides specialty gases to healthcare facilities, industrial manufacturers, and energy…
Bjoern Wylezich/iStock Editorial via Getty Images Introduction One sector that I lack exposure to is the basic materials sector. While I have adequate exposure to the energy sector, the basic materials remain elusive. As companies in the sector tend to be sensitive to price changes of commodities, most of them are unsuitable for dividend growth…
Almost Green Studio Investment action I recommended a hold rating for Sealed Air Corp. (NYSE:SEE) when I wrote about it the last time, as I saw visible weakness in the business over the course of 2H23. Based on my current outlook and analysis of SEE, I recommend a hold rating. I still think the outlook…
Brandon Bell/Getty Images News Introduction In my previous two articles (one) (two), I had a sell rating on Delta Air Lines (NYSE:DAL). During these times, I believed that the macroeconomic headwinds could hinder Delta Air Lines’ operations. As the consumer delinquency rates were sharply rising, I thought that the consumers’ financial health was deteriorating potentially…
Air France-KLM SA (OTCPK:AFRAF) Q4 2023 Results Conference Call February 29, 2024 2:30 AM ET Company Participants Ben Smith – CEO Steven Zaat – CFO Anne Rigail – CEO of Air France Marjan Rintel – CEO of KLM Conference Call Participants Jarrod Castle – UBS Stephen Furlong – Davy Research Ruxandra Haradau-Doser – HSBC Alex…
Yaroslav Litun/iStock via Getty Images When the recently listed Ispire Technology Inc. (NASDAQ:ISPR) announced its latest quarterly results on Feb. 20, investors were underwhelmed by its story of the vaping market’s big potential. The stock fell by nearly 10% over the next few days despite a 31% revenue increase to $41.7 million for the three…
Norwegian Air Shuttle ASA (OTCPK:NWARF) Q4 2023 Earnings Conference Call February 16, 2023 2:30 AM ET Company Participants Jesper Hatletveit – VP Investor Relations Geir Karlsen – Chief Executive Officer Hans-Jorgen Wibstad – Chief Financial Officer Conference Call Participants Jesper Hatletveit Good morning and welcome to the Fourth Quarter Presentation for Norwegian Air Shuttle. My…
Beyond Air, Inc. (NASDAQ:XAIR) Q3 2024 Earnings Conference Call February 12, 2024 4:30 PM ET Company Participants Corey Davis – Investor Relations, LifeSci Advisors Steve Lisi – Chairman and Chief Executive Officer Douglas Larson – Chief Financial Officer Conference Call Participants Jason Bednar – Piper Sandler Les Sulewski – Truist Yale Jen – Laidlaw &…
peepo A person does not grow from the ground like a vine or a tree, one is not part of a plot of land. Mankind has legs so it can wander. ― Roman Payne Today, we take a look at transportation firm that is seeing rapid sales growth and moving towards profitability sooner than projected…
AAR Corp. (NYSE:AIR) Q2 2024 Earnings Conference Call December 21, 2023 4:45 PM ET Company Participants John Holmes – Chairman, President and Chief Executive Officer Sean Gillen – Chief Financial Officer Conference Call Participants Robert Spingarn – Melius Research Bert Subin – Stifel Steve Strackhouse – RBC Capital Markets Operator Good afternoon, everyone. Welcome to…
JHVEPhoto Investment Thesis Westinghouse Air Brake Technologies’ (NYSE:WAB) growth should benefit from the strong underlying demand, healthy backlog levels, and the recent $2bn plus MOU with Kazakhstan’s national railway company. Moreover, the continued need of customers for more reliable, productive, and efficient locomotives and megatrends like urbanization and decarbonization should drive the longer-term demand. Further,…
This piece is an entirely and deeply serious parody. Bitcoin mines aren’t just thirsty, it turns out they’re starving for air, too. The air consumption tied to a single Bitcoin transaction, on average, could be enough for a DINK couple to breathe for an entire year, according to a new analysis by Andrew de Breeze….
Air Industries Group (NYSE:AIRI) Q3 2023 Earnings Conference Call December 7, 2023 4:30 PM ET Company Participants Luciano Melluzzo – President and Chief Executive Officer Scott Glassman – Chief Financial Officer Conference Call Participants Howard Halpern – Taglich Brothers Operator Hello and welcome to the Air Industries Group Third Quarter 2023 Earnings Call. At this…
Hawaiian Airlines Airbus A330 mixmotive While the spotlight in the airline industry is on the combination of JetBlue (JBLU) and Spirit Airlines (SAVE), Alaska Air Group (NYSE:ALK) is stealing some of the thunder as it announced an agreement with Hawaiian Holdings (NASDAQ:HA) to combine. In this report, I will be discussing the details of the…
Alvin Man Investment Thesis I take a long-term bullish view of Air Canada on the basis of continued growth across the Atlantic segment. In a previous article back in October, I made the argument that Air Canada (TSX:AC:CA) has the capacity to see further upside on the basis of strong recovery in earnings and reduction…
Beyond Air, Inc. (NASDAQ:XAIR) Q2 2024 Earnings Conference Call November 13, 2023 4:30 PM ET Company Participants Edward Barger – Head of Investor Relations Steve Lisi – Chairman and Chief Executive Officer Duncan Fatkin – Chief Commercial Officer Douglas Larson – Chief Financial Officer Conference Call Participants Jeremy Jacoby – Truist Securities Marie Thibault –…
XH4D Investment Thesis I covered Blade (NASDAQ:BLDE) back in June with a rating of a Strong Sell, expecting the share price to decline to the liquidation value of the firm, which has largely occurred. Given the recent earnings call and announcement of “breakeven” Q3 financial results, it’s time for an update. The price has declined…
schulzhattingen Air Products and Chemicals (NYSE:APD) just came out with Q4 earnings. EPS reached $3.15, beating the Wall Street consensus estimate of $3.12 and compared to earnings of $2.89 per share achieved a year ago. Over the last four quarters, APD has surpassed consensus earnings per share estimates three times. On the other hand, Q4…
Ethan Swope/Getty Images News Germany’s footwear maker, Birkenstock Holding Limited (NYSE:BIRK), after 250 years of operations, went public this Wednesday, seeking a $9.2 billion valuation. However, the share price fell 12.6% on its first day of trading, leaving the company with a valuation of $7.5 billion, and a share price of $40.20. This was far…
KanawatTH After Lucid Group (NASDAQ:LCID) disappointed multiple times with its delivery achievements in FY 2023 and dropped its EV prices by a considerable percentage, the electric vehicle company on October 5, 2023, announced that it was producing a lower-cost version of the Lucid Air, Lucid’s first-ever production car and flagship electric vehicle model. The announcement…
Lucid Motors said that its Air Pure RWD will be available for order immediately at a price point of $77,400. On Thursday, October 5, Lucid Group Inc (NASDAQ: LCID) launched a cheaper version of its Air electric luxury sedan, in a move to stoke demand. Lucid has announced the introduction of a single-motor, rear-wheel-drive variant…
Boarding1Now Norwegian Air Shuttle (OTCPK:NWARF) is one of the companies I have a speculative buy rating on. The company is seeing its results improve after a much-needed change in mindset, opting for prudent growth rather than unbridled debt-laden growth. In this report, I will be discussing the company’s most recent report and update my rating…
Alvin Man In 2022, I marked Air Canada stock a buy based on prudent capacity deployment plans. However, since then, the stock has underperformed with an 8.6% return compared to a 14.6% return for the broader markets. While the platform has grown used to analysts creating the impression they only find the big winners and…
Tim Boyle The airline sector remains the stock group that doesn’t rally much on great news and falls on mildly negative updates. Delta Air Lines, Inc. (NYSE:DAL) remains the sector leader, and the stock has already fallen back to early 2023 lows below $40. My investment thesis remains ultra Bullish, as higher jet fuel won’t…
Today, the Great North Air Ambulance Service (GNAAS), a vital air ambulance charity serving the North East, North Yorkshire, Cumbria, and the Isle of Man, has teamed up with CoinCorner, a leading Bitcoin and Lightning service provider, to accept Bitcoin donations on their website. “We’re delighted to be working with the Great North Air Ambulance…
Norwegian Air Shuttle ASA (OTCPK:NWARF) Q2 2023 Earnings Conference Call August 24, 2023 2:30 AM ET Company Participants Jesper Hatletveit – VP, IR Geir Karlsen – CEO Hans-Joergen Wibstad – CFO Conference Call Participants Hans-Erik Jacobsen – Nordea Markets Hans Jørgen Elnæs – Winair Mike Grinch – Private Investor Jesper Hatletveit Good morning, and welcome…
Ilija Erceg Air Lease Corporation (NYSE:AL) is a name that appears on most value screens. At first glance, it appears cheap, with a market cap of $4.6 billion, a PE ratio of 10, and sporting a not insignificant 1.9% dividend. With life back to normal and air traffic back to pre-Covid highs, many investors might…
Air Industries Group (NYSE:AIRI) Q2 2023 Earnings Conference Call August 9, 2023 4:15 PM ET Company Participants Luciano Melluzzo – President and Chief Executive Officer Michael Recca – Chief Financial Officer Conference Call Participants Howard Halpern – Taglich Brothers Operator Hello, and welcome to Air Industries Group Second Quarter 2023 Earnings Call. [Operator Instructions] As…
courtneyk/E+ via Getty Images By Sam Korus, Director of Research, Autonomous Technology & Robotics Electric air taxi companies have made significant strides since ARK estimated the industry’s progress five years ago.[1] The Federal Aviation Administration (FAA) has collaborated closely with the electric aviation community as it has prepared to certify electric air taxis,[2] so much…
Andrii Yalanskyi The Industrials sector has been a quiet leader in 2023. While mega-cap tech-related stocks have been in the limelight and as the “Magnificent Seven” moniker went viral, boring transportation, aerospace, and other niches in the broad Industrials space have taken off over the last several months. One stock, Air Lease Corp (NYSE:AL), is…
pilesasmiles/iStock Unreleased via Getty Images Surf Air (NYSE:SRFM) has acquired Southern Airways and direct listed on the NYSE last week. This is a big gamble for a company with low cash levels and negative earnings. It’s also a big gamble for a retail investor like myself, which is why I’m passing on this until we…
Receive free Airlines updates We’ll send you a myFT Daily Digest email rounding up the latest Airlines news every morning. IAG, the owner of British Airways, and Air France-KLM are the latest airline groups to report record profits as resilient demand for travel and high ticket prices have powered the industry’s recovery from the pandemic….