Dahlman Rose Now Expects US Airways Group (LCC) to Post Q4 Profit; Raising Estimates on Better-Than-Expected Guidance
Tweet
Share
E-mailGet Alerts LCC Hot Sheet
Price: $22.55 --0%
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Rating Summary:
6 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 9
Join SI Premium – FREE
Dahlman Rose maintains a 'Hold' on US Airways Group (NYSE: LCC).
Dahlman analyst says, "LCC reported consolidated Dec. traffic results up by 3.4% on 2.0% more capacity, for a load factor of 81.4%. The higher load factor was driven by a strong U.S. Domestic market, which saw traffic growth of 4.8% and a load factor of 82.7%. Just as a reminder, in Dec. 2010, poor weather was a major factor. For 4Q11 consolidated traffic grew by 1.5% on a 0.2% decline in capacity, for a load factor of 82.7%, slightly better than our forecast."
"Given management guidance and traffic results, we are updating our 4Q11 EPS estimate. For 4Q11, we forecast EPS of $0.02, up from our prior estimate of ($0.29) and compared to the consensus estimate of ($0.21), which is likely to come up. For 2012, we are leaving our estimate of $0.70 unchanged at this time, given the recent spike in jet fuel, which has appreciated by ~7% over the last five days."
For an analyst ratings summary and ratings history on US Airways Group click here. For more ratings news on US Airways Group click here.
Shares of US Airways Group closed at $5.03 yesterday.
Dahlman analyst says, "LCC reported consolidated Dec. traffic results up by 3.4% on 2.0% more capacity, for a load factor of 81.4%. The higher load factor was driven by a strong U.S. Domestic market, which saw traffic growth of 4.8% and a load factor of 82.7%. Just as a reminder, in Dec. 2010, poor weather was a major factor. For 4Q11 consolidated traffic grew by 1.5% on a 0.2% decline in capacity, for a load factor of 82.7%, slightly better than our forecast."
"Given management guidance and traffic results, we are updating our 4Q11 EPS estimate. For 4Q11, we forecast EPS of $0.02, up from our prior estimate of ($0.29) and compared to the consensus estimate of ($0.21), which is likely to come up. For 2012, we are leaving our estimate of $0.70 unchanged at this time, given the recent spike in jet fuel, which has appreciated by ~7% over the last five days."
For an analyst ratings summary and ratings history on US Airways Group click here. For more ratings news on US Airways Group click here.
Shares of US Airways Group closed at $5.03 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- TechnipFMC (FTI) PT Raised to $30 at BTIG
- Amazon.com (AMZN) PT Raised to $215 at UBS
- Blue Foundry Bancorp (BLFY) PT Lowered to $8 at Keefe, Bruyette & Woods
Create E-mail Alert Related Categories
Analyst CommentsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
