U.S. Airlines Set for Busy Summer Season -- Record Number of International Passengers Expected
The Paragon Report Provides Stock Research on Delta Air Lines and Southwest Airlines
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/11/12 -- Things may be turning around for airline stocks as they have posted respectable profits in what is historically their slowest quarter of the year. Collectively the top seven U.S. airlines have posted a first quarter operating profit of $247 million compared with a moderate loss a year ago according to data collected by the Deutsche Bank. The Paragon Report examines investing opportunities in the Airlines Industry and provides equity research on Delta Air Lines, Inc. (NYSE: DAL) and Southwest Airlines Co. (NYSE: LUV).
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Airlines for America's (A4A) annual summer forecast predicts that U.S. airlines will carry 206.2 million passengers in the June-August peak flying season, just 5 percent below the record of 217.6 million. A4A expects a record number of passengers to fly internationally this summer. Total passengers on international flights are forecasted to total 26.8 million, beating last summer's record of 26.3 million according to the group.
"Customers are benefiting from record airline operational performance and greater access to the global economy while fares continue to trail the price of other services," said A4A President and CEO Nicholas E. Calio. "The fact that travelers will take to the air this summer both domestically and in record numbers beyond our borders underscores the value airlines are delivering to customers."
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Delta Air Lines reported strong financial and operating performance for April 2012. Delta's consolidated passenger unit revenue (PRASM) increased 11 percent for the month of April as compared to the prior year. During the month, Delta saw strong unit revenue improvement across all entities, driven by capacity discipline, corporate booking strength, and benefits from investments in products and services.
Southwest Airlines recently reported April 2012 combined traffic results for Southwest Airlines and AirTran. AirTran became a wholly-owned subsidiary of Southwest Airlines Co. on May 2, 2011. The Company flew 8.6 billion revenue passenger miles in April 2012, compared to 8.8 billion combined RPMs flown in April 2011, a decrease of 2.1 percent. Available seat miles decreased 1.9 percent to 10.8 billion from the April 2011 combined level of 11.0 billion.
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Datum: 11.05.2012 - 12:20 Uhr
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