Joint Ventures, Divestitures, Seasonal Service, Monthly Traffic Update, and Employment Survey Results - Analyst Notes on Southwest Airlines, JetBlue Airways, ManpowerGroup, Spirit and AECOM
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NEW YORK, June 13, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Southwest Airlines Co. (NYSE: LUV), JetBlue Airways Corporation (NASDAQ: JBLU), ManpowerGroup (NYSE: MAN), Spirit Airlines, Inc. (NASDAQ: SAVE) and AECOM Technology Corporation (NYSE: ACM). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3704-100free.
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Southwest Airlines Co. Analyst Notes
On June 9, 2014, Southwest Airlines Co. (Southwest Airlines) announced that the Company flew 9.4 billion revenue passenger miles (RPMs) in May 2014, up 0.6% YoY from May 2013. Southwest Airlines also reported a decrease of 1.5% YoY in available seat miles (ASMs) to 11.2 billion. The Company reported that May 2014 load factor was 83.7%, compared to 81.9% in May 2013. Lastly, the Company's May 2014 passenger revenue per ASM (PRASM) is estimated to have increased in the 8-9% range compared to May 2013. The full analyst notes on Southwest Airlines are available to download free of charge at:
http://www.analystsreview.com/Jun-13-2014/LUV/report.pdf
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JetBlue Airways Corporation Analyst Notes
On June 10, 2014, JetBlue Airways Corporation (JetBlue Airways) announced that it has completed the sale of its wholly-owned subsidiary LiveTV - a leading provider of live IFE and connectivity systems for commercial airlines - to Thales Group for $399 million in cash. According to the Company, the sale will allow LiveTV to continue the innovation that has set it apart as the leader in inflight entertainment (IFE) and onboard connectivity under Thales ownership. The Company stated that it will maintain its relationship with LiveTV to continue providing customers with differentiated, industry-leading inflight entertainment and connectivity products. "Our evolving product and service portfolio will enable airlines, on any fleet-size, aircraft type or route structure, to offer their passengers a highly robust connected experience before, during and after flight," said Alan Pellegrini, Thales CEO USA. The full analyst notes on JetBlue Airways are available to download free of charge at:
http://www.analystsreview.com/Jun-13-2014/JBLU/report.pdf
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ManpowerGroup Analyst Notes
On June 10, 2014, ManpowerGroup has released the latest Manpower Employment Outlook Survey, which reflects continued hiring confidence among US employers for Q3 2014, as US employers report a seasonally adjusted Net Employment Outlook increase of 14%. The Company terms it as the strongest Net Employment Outlook since Q2 2008, when the Outlook has also increased by 14%. ManpowerGroup CEO Jonas Prising remarked, "We're seeing a measured level of improvement across all labor segments that has been building over the last five years. While dramatic jumps in hiring are uncommon, we continue to see a slow, yet steady, increase in demand for talent from our clients as they take a holistic approach in rebuilding their employee base." The survey also showed that the Mining, Wholesale & Retail Trade, and Leisure & Hospitality employers reported the strongest hiring intentions, at the time when hiring intentions are expected to remain relatively stable overall QoQ across all regions. The full analyst notes on ManpowerGroup are available to download free of charge at:
http://www.analystsreview.com/Jun-13-2014/MAN/report.pdf
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Spirit Airlines, Inc. Analyst Notes
On June 10, 2014, Spirit Airlines, Inc. (Spirit) announced a new seasonal service between Boston's Logan International Airport (BOS) and Palm Beach International Airport (PBI), serving West Palm Beach, Florida starting on November 21, 2014, at really low fares. Spirit stated that it offers nonstop service from Boston to seven cities, including Atlantic City, Chicago/O'Hare, Dallas/Fort Worth, Fort Lauderdale, Fort Myers, Myrtle Beach, with West Palm Beach expected to begin in November, and Spirit also connects Boston via these cities to another 34 cities in the United States, Caribbean, and Latin America. The full analyst notes on Spirit are available to download free of charge at:
http://www.analystsreview.com/Jun-13-2014/SAVE/report.pdf
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AECOM Technology Corporation Analyst Notes
On June 3, 2014, AECOM Technology Corporation's (AECOM) investment fund AECOM Capital, along with Lowe Enterprises (Lowe), announced that the two companies have formed a joint venture with long-time property owner Atlas Hotels, Inc. to own, operate and reposition the Town and Country Resort & Convention Center in the Mission Valley area of San Diego. According to the Company, Lowe's hospitality management subsidiary, Destination Hotels & Resorts, has assumed management of the 954-room resort located at 500 Hotel Circle North. According to AECOM, the new ownership group will immediately begin developing and implementing a program of property-wide infrastructure upgrades and creating a new long-term vision for the property. The full analyst notes on AECOM are available to download free of charge at:
http://www.analystsreview.com/Jun-13-2014/ACM/report.pdf
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