We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Alaska Air (ALK) Announces Solid June Traffic Statistics
Read MoreHide Full Article
Alaska Air Group, Inc. (ALK - Free Report) reported robust traffic results for June. Traffic, measured in revenue passenger miles (RPMs), increased 7.3% to 5.05 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.1% to 5.72 billion. Also, load factor or percentage of seats filled by passengers expanded 100 basis points (bps) to 88.3% as traffic growth outpaced capacity expansion.
In the first six months of 2018, the carrier generated RPMs of 26.89 billion (up 6.4% year over year) and ASMs of 32.31 billion (up 7.7% year over year). However, load factor declined 100 bps to 83.2%.
For the second quarter of 2018, the carrier expects capacity to increase approximately 8% while cost per ASM excluding fuel and special items is projected to rise around 3.5%. Meanwhile, fuel cost per gallon is anticipated to increase nearly 35% to $2.31. Additionally, revenue per ASM is estimated to decline in the 4-5% range.
Detailed results will be available on Jul 26.
Full-Year Outlook
For 2018, Alaska Air forecasts capacity to expand approximately 6.2-6.5% whereas unit costs, excluding fuel and special items, are projected to rise nearly 3.5%.
Shares of Expeditors and Atlas Air Worldwide have rallied more than 22% and 16%, respectively, in a year. While Ryder boasts an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 3.9%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Alaska Air (ALK) Announces Solid June Traffic Statistics
Alaska Air Group, Inc. (ALK - Free Report) reported robust traffic results for June. Traffic, measured in revenue passenger miles (RPMs), increased 7.3% to 5.05 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.1% to 5.72 billion. Also, load factor or percentage of seats filled by passengers expanded 100 basis points (bps) to 88.3% as traffic growth outpaced capacity expansion.
In the first six months of 2018, the carrier generated RPMs of 26.89 billion (up 6.4% year over year) and ASMs of 32.31 billion (up 7.7% year over year). However, load factor declined 100 bps to 83.2%.
Alaska Air Group, Inc. Price
Alaska Air Group, Inc. Price | Alaska Air Group, Inc. Quote
Q2 Outlook
For the second quarter of 2018, the carrier expects capacity to increase approximately 8% while cost per ASM excluding fuel and special items is projected to rise around 3.5%. Meanwhile, fuel cost per gallon is anticipated to increase nearly 35% to $2.31. Additionally, revenue per ASM is estimated to decline in the 4-5% range.
Detailed results will be available on Jul 26.
Full-Year Outlook
For 2018, Alaska Air forecasts capacity to expand approximately 6.2-6.5% whereas unit costs, excluding fuel and special items, are projected to rise nearly 3.5%.
Zacks Rank & Key Picks
Alaska Air holds a Zacks Rank #5 (Strong Sell).
Some better-ranked stocks in the broader Transportation sector are Expeditors International of Washington, Inc. (EXPD - Free Report) , Atlas Air Worldwide Holdings and Ryder System, Inc. (R - Free Report) . While Atlas Air Worldwide sports a Zacks Rank #1 (Strong Buy), Expeditors and Ryder carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Expeditors and Atlas Air Worldwide have rallied more than 22% and 16%, respectively, in a year. While Ryder boasts an impressive earnings history, having outperformed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 3.9%.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>