ITT Corporation (NYSE: ITT) today announced it is rescheduling the release of its 2011 full-year and fourth-quarter earnings and 2012 guidance to Feb. 29, due to the complexities and time required to process and review historical financial data following the spin off of ITT’s defense and water businesses.
ITT also reported that 2011 revenue grew 11 percent to $2.1 billion.
ITT's senior management will host a conference call for investors on Feb. 29 at 9 a.m. Eastern Standard Time to review 2011 fourth-quarter and full-year performance, provide a 2012 outlook and answer questions. As previously planned, the company will file its Annual Report on Form 10-K on the same day.
JetBlue Airways Corporation (Nasdaq: JBLU) reported its preliminary traffic results for January 2012. Traffic in January increased 13.3 percent from January 2011, on a capacity increase of 12.3 percent.
Load factor for January 2012 was 80.7 percent, an increase of 0.7 points from January 2011. JetBlue's preliminary completion factor was 99.7 percent and its on-time (1) performance was 81.1 percent. JetBlue's preliminary passenger revenue per available seat mile (PRASM) for the month of January increased 10 percent year over year. For the month of February, PRASM is expected to increase between seven and eight percent year over year.
MF (OTC: MFGLQ) trustee says at least $1.6 billion gap between claims and assets
Reuters reporting eBay's (Nasdaq: EBAY) PayPal will offer retailers pricing and data, subsidize new service, wants to be displayed alongside Visa, MasterCard, etc.
SkyWest, Inc., (Nasdaq: SKYW) has reported a 6.5 percent increase in revenue passenger miles (RPMs) for January, while available seat miles (ASMs) increased 3.6 percent compared to January 2011. SkyWest also reported a 1.4 percent increase in departures to 112,183 for January compared to 110,602 for the same period last year. Passenger boardings for January increased 4.7 percent to 4,214,301 compared to 4,023,903 for the same period last year. The combined airlines generated 2.21 billion RPMs for the month, while ASMs increased to 2.98 billion. Load factor was 74.3 percent compared to 72.3 percent, up 2.0 percentage points compared to January 2011.
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