Hello everyone. This week’s issue of PlaneBusiness Banter is now posted. This week we give you a quick peak at the airline earnings that have rolled out so far this week including those from: US Airways, Delta Air Lines, Hawaiian Airlines, Allegiant Travel Spirit Airlines. Next week we’ll start our meticulous parsing of the earnings calls.
Meanwhile, Southwest Airlines, United Airlines, and Alaska Air Group all report 2Q13 earnings this week as well.
In the earnings we’ve seen reported so far, US Airways and Delta Air Lines both reported record setting quarters — both airlines came in above consensus estimates and both airlines also provided better than expected guidance for 3Q13. Outstanding quarter for both airlines.
Hawaiian Airlines also had a better than expected quarter — and the airline will see slower capacity growth during the remainder of the year, which should improve the airline’s revenue performance for the remainder of the year.
As for Spirit, the airline turned in a good quarter, but it was about as expected. No real surprises. Meanwhile, Allegiant underwhelmed. Guidance from the airline was not particularly positive either.
This week we also look at United Airlines in a column entitled, “Great Expectations Gone Awry.”
We update you on the latest exec moves in the American/US Airways merger, and we look at which airline stocks had a good week last week. On the oil front — did oil and jet fuel continue to move up again last week? We’ll get you updated.
All this — and more in this week’s issue of PlaneBusiness Banter.