Alaska Air to buy Virgin America for $2.6 billion
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JPMorgan Upgrades Alaska Air (ALK) to Neutral
April 4, 2016 2:17 PM EDTJPMorgan upgraded Alaska Air (NYSE: ALK) from Underweight to Neutral.
For an analyst ratings summary and ratings history on Alaska Air click here. For more ratings news on Alaska Air click here.
Shares of Alaska Air closed at $82.01 yesterday.
... MoreSterne Agee CRT Upgrades Virgin America (VA) to Neutral
April 4, 2016 9:26 AM EDTSterne Agee CRT upgraded Virgin America (NASDAQ: VA) from Underperform to Neutral with a price target of $57.00.
For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.
Shares of Virgin America closed at $38.90 yesterday.
... MoreSidoti Downgrades Virgin America (VA) to Neutral
April 4, 2016 9:25 AM EDTSidoti downgraded Virgin America (NASDAQ: VA) from Buy to Neutral with a price target of $57.00 (from $44.00).
For an analyst ratings summary and ratings history on Virgin America click here. For more ratings news on Virgin America click here.
Shares of Virgin America closed at $38.90 yesterday.
... MoreDelta Air Lines (DAL) PRASM Fell 5% in March 2016
April 4, 2016 9:11 AM EDTDelta Air Lines (NYSE: DAL) reported financial and operating performance for March 2016.
Consolidated passenger unit revenue (PRASM) for the month of March declined 5.0% year over year. Results for the month include a 1.5 point headwind from foreign exchange and a $5 million impact from the recent events in Brussels. While there was pressure on close-in yields during the month, demand remains solid with forward bookings tracking ahead of last year.
In an Investor Update issued this morning, Delta announced that it expects operating margin to be in the 18% - 19% range and its unit revenue... More
IAM Comments on Virgin America (VA), Alaska Air (ALK) Deal; Union Representation Still Undetermined
April 4, 2016 6:37 AM EDTInternational Association of Machinists and Aerospace Workers (IAM) General Vice President Sito Pantoja issued the following statement regarding the proposed merger of Alaska Airlines and Virgin America Airlines:
As expected, the industry consolidation among the major airlines is being repeated by smaller carriers trying to survive. While todays... More
