US Airways, Republic and AirTran Join the Earnings Parade
We had five airlines report earnings for the quarter before today -- American (AMR:NYSE), Southwest (LUV:NYSE), Continental (CAL:NYSE), JetBlue (JBLU:Nasdaq), and Alaska Air Group (ALK:NYSE). Today they were joined by AirTran (AAI:NYSE), Republic (RJET:Nasdaq), and US Airways (LCC:NYSE).
Here's how the profit and loss parade shapes up as of today.
Those airlines that have reported a loss for the third quarter: JetBlue, AirTran, Alaska Air Group.
Those airlines that have reported a profit for the third quarter: American, Southwest, Continental, US Airways, Republic.
The airline that came in substantially under analysts' forecasts: AirTran.
Not surprisingly, shares of AirTran are taking a beating today. Trading volume here is already heavy, just a little more than an hour into the day, with the stock now down about 3% -- hovering around 10.66.
Will be interesting to see how these shares weather the storm before the close.
For PlaneBusiness Banter subscribers, look for our in-depth report on Southwest, Continental, JetBlue and Alaska in this week's issue.