| Boeing Delivers First New, Efficient 777 Zacks.com submits: Boeing Co. (BA) delivered its first 777-300ER (Extended Range) airplane to GE Capital Aviation Services and its lease customer Philippine Airlines. It is the first 777 in the fleet of Philippine Airlines. The aircraft was packed with relief supplies for victims of Typhoon Ketsana. The airline has four more of this aircraft on order with Boeing. In the recently reported third quarter of fiscal 2009, the company booked 96 gross orders. The company finished the quarter with segmental backlog of $254 billion. Complete Story » seekingalpha.com |
JetBlue Airways Corporation Q4 2009 Earnings Call Transcript JetBlue Airways Corporation (JBLU) Q4 2009 Earnings CallJanuary 28, 2010 10:00 am ETComplete Story » seekingalpha.com |
JetBlue Airways Corporation Q1 2010 Earnings Call Transcript JetBlue Airways Corporation (JBLU)Q1 2010 Earnings CallApril 28, 2010 10:00 am ETComplete Story » seekingalpha.com |
BDI Weakens, But Other Shipping Measures Are Strong Mark J. Perry submits: I have had some repeated requests from some loyal CD readers to get an update on the Baltic Dry Index (you can always go here on your own any time you need your "BDI fix"), which has been in decline for the last month after reaching a YTD high in late May (see chart above). Dennis Gartman addressed this recent decline in the BDI in his newsletter on July 8, where he quoted Julian Jessop, Chief Economist of Capital Economics:The BDI is a composite measure of the cost of hiring a ship to transport dry bulk commodities such as grains, coal and metal ores. It is therefore understandable that the near -50% fall in the index since late May is attracting plenty of attention. However, there are two reasons to be wary of making big calls on commodities (or anything else) on the basis of the BDI. For a start, fluctuations in the index could be driven by changes in the supply of shipping as well as in the underlying demand for commodities transported by sea. For example, a fall in the BDI could reflect an increase in the number of ships available to carry dry commodities (either new-builds or conversions from other uses, such as tankers. Similarly, the BDI might be distorted by temporary port closures, changes in the cost of fuel and insurance, and many other factors.Complete Story » seekingalpha.com |
JetBlue Beats on Record Revenue Zacks.com submits: JetBlue Airways Corporation (JBLU), one of the discounted airlines, reported its third quarter adjusted earnings of 18 cents per share surpassing the Zacks Consensus Estimate by a penny as well as the year-ago quarter’s earnings of 5 cents. The better-than-expected earnings were driven by higher fares, revenue maximization, cost control and network optimization. Net income quadrupled in the reported quarter to $59 million from $15 million in the year-ago quarter. Total revenue climbed 20.5% year over year to a record $1 billion, primarily due to an increase in airline traffic, measured in revenue passenger miles (RPM). In the reported quarter, RPM increased 9.6% year over year on an 8.5% increase in capacity. Load factor (percentage of seats filled with passengers) rose 90 basis points year over year to 84.6%.Complete Story » seekingalpha.com |