Entries by Kent (274)
Drop in Oil Prices Bumps Up Airline Stock
These days I tend to assume that everyone follows the price of oil. In case you don't, you should know that a barrel of oil has dropped to about $126 (as of Tuesday). Less than a couple of weeks ago a barrel was pushing $150.
Kent
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United Second Quarter Report
United provides Springfield-Branson service to Denver and Orlando.
Read the Reuters story here.
Allegiant Reports Second Quarter Results
Maurice Gallagher, Allegiant chair and CEO says, “We had very good results during our second quarter. In spite of exceptional headwinds from fuel, we are yet again one of the few companies in our space who were profitable. We grew revenues approximately 48% to $132 million on a 36.5% increase in departures. We continued our successful focus on achieving a higher scheduled load factor with 90.5% in the second quarter, a 5.5 percentage point increase over the second quarter of 2007. We believe this was the highest domestic load factor in the industry."
"Load factor" is industry jargon for how many seats are sold on the plane. A 90.5 percent load factor means 90.5 percent of the seats are sold.
It's refreshing to have good airline news to report...
Read the company press release here.