Operating Results, Strategic Investments, Dividends, New Contracts, and Earnings Results - Analyst Notes on Delta, United Continental, Copa Holdings, Spirit Airlines, and AAR
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Delta Air Lines Inc. (NYSE: DAL), United Continental Holdings, Inc. (NYSE: UAL), Copa Holdings SA (NYSE: CPA), Spirit Airlines, Inc. (NASDAQ: SAVE), and AAR Corp. (NYSE: AIR). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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Delta Air Lines Inc. Analyst Notes
On March 4, 2014, Delta Air Lines Inc. (Delta) reported its operating performance for February 2014. The Company reported consolidated passenger unit revenue (PRASM) growth of 4.0% YoY. According to the Company, this increase was driven by continuing strong domestic demand and gain in the Transatlantic entity. Delta stated that for the month of February 2014, it successfully completed 95.5% of its flights and ran an on-time arrival rate of 77.5%. The Company added that its projected March quarter fuel price per gallon (adjusted) is in the range of $2.99 and $3.04. The full analyst notes on Delta Air Lines Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/DAL/report.pdf
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United Continental Holdings, Inc. Analyst Notes
On March 6, 2014, United Continental Holdings, Inc. (United Continental) reported that its subsidiary, United Airlines (United), launched its latest investment in the New York area's largest hub airport - a new widebody aircraft maintenance hangar. The Company stated that United invested $35 million to construct the facility, which will help support the airline's widebody aircraft, including the Boeing 787 Dreamliner and the Airbus A350-XWB, which United will begin flying in 2018. Ken Burtt, United's Senior Vice President of Technical Operations, commented, "This state-of-the-art hangar underscores United's commitment to the city of Newark, the state of New Jersey and the region. The facility will be an asset to our operation, helping us improve the reliability of our aircraft, maintain the highest levels of safety, and provide a superior workplace for our employees." The Company added that this hangar expands United's maintenance capability for widebodies by 33% at Newark Liberty. The full analyst notes on United Continental Holdings, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/UAL/report.pdf
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Copa Holdings SA Analyst Notes
On February 18, 2014, Copa Holdings SA (Copa Holdings) reported that its Board of Directors authorized and declared an annual dividend of $3.84 per share at its regular meeting held on February 12, 2014. The Company stated that the dividend, which is divided in four quarterly payments, represents an amount equal to 40% of the Company's annual consolidated net income for 2013. Copa Holdings informed that a quarterly dividend corresponding to Q1 2014 is $0.96 per share, on all outstanding Class A and Class B shares, which is payable on March 17, 2014 to stockholders of record as of February 28, 2014. The full analyst notes on Copa Holdings SA are available to download free of charge at:
http://www.AnalystsReview.com/03122014/CPA/report.pdf
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Spirit Airlines, Inc. Analyst Notes
On February 19, 2014, Spirit Airlines, Inc. (Spirit Airlines) reported its Q4 2013 and full-year 2013 financial results. For Q4 2013, the Company reported total operating revenue of $420 million, up 27.9% YoY. Net income for the quarter was $43.2 million or $0.59 per diluted share, compared to $19.6 million or $0.27 per diluted share for Q4 2012. For the full year 2013, total operating revenue increased 25.5% YoY to $1.7 billion. Net income for full year 2013 came in at $176.9 million or $2.42 per diluted share, compared to $108.5 million or $1.49 per diluted share for full year 2012. Commenting on the results, Ben Baldanza, Spirit's CEO, stated, "For the full year 2013, we delivered record profitability and return as demand for our low-cost, ultra-low fare model remained very high. These strong financial results reflect our vigilance on maintaining our cost discipline and low fare strategy while executing on our growth plan and delivering high returns for our shareholders." The full analyst notes on Spirit Airlines, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/SAVE/report.pdf
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AAR Corp. Analyst Notes
On February 20, 2014, AAR Corp. (AAR) reported that it has obtained a contract from the United States Air Force for the production and repair of 463L cargo pallets. AAR stated that the cargo pallets will be manufactured and maintained by AAR's Mobility Systems business in Cadillac, Michigan. Lee Krantz, Senior Vice President of AAR's Technology Products Group, commented, "It is a great honor to be chosen again by the U.S. Air Force for this mission-essential work. We look forward to continuing to provide value as an integral part of the U.S. Air Force's logistics chain by supplying and maintaining a proven product with high levels of quality, service and reliability." The Company informed that the contract has a two-year base period valued at $133 million in revenue and an estimated value of $323 million over the five-year term. The full analyst notes on AAR Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/AIR/report.pdf
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