Market News
SkyWest (SKYW)
Shares of SkyWest, Inc. (NASDAQ:SKYW) closed the trading session at $14.64 placing the price action in a very tight range, given that calculated support is set at $14.31 and the calculated resistance based on an algorithm of peaks and troughs is set at $15.07, according to TradersHuddle.com. SkyWest, Inc. operates SkyWest Airlines and ASA Airlines that offer scheduled passenger service to destinations in the United States, Canada, Mexico and the Caribbean for major airlines Delta, United and AirTran.
SkyWest's stock price action indicates that both sellers and buyers are materializing very close to each other, which is indicative to a momentum building area, as the stock can resolve by breaking out of the tight range that developed. According to TradersHuddle.com individuals wanting to establish a position should place close attention to SkyWest's price action, as any movement outside its predefined range of $14.31 and $15.07 could grab the attention of momentum buyers, looking for a big movement in the price of the stock.
Mar 26 · 12:14:00 PM · Source: TradersHuddle.com
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by Steve Wieczorek
Southwest Airlines (LUV)
Southwest Airlines (NYSE:LUV) Cargo was recognized for its excellence in air cargo for the sixth straight year, being named "Airline of the Year" by the Express Delivery & Logistics Association (XLA). Southwest Airlines has placed on XLA's Airline of the Year list for nine consecutive years.
The XLA Awards are based on an annual survey of association members who use the services of commercial passenger airlines for their express deliveries around the world. Southwest took top honors in 2002, 2003, and 2005 through 2009, and finished second in the rankings in 2001 and 2004.
Mar 26 · 11:51:00 AM · Source: Company Press Release
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by Steve Wieczorek
JetBlue Airways Corporation (JBLU)
JetBlue Airways (Nasdaq: JBLU), announces today the decision to not move its corporate headquarters to Orlando and keep its headquarters in New York City. JetBlue will combine the current Forest Hills, NY and Darien, CT corporate offices, with nearly 1,000 crewmembers and business partners in total, into one main support center to be located in Long Island City, Queens. In addition, recognizing JetBlue as New York's Hometown Airline, JetBlue and New York State will begin joint branding of the world-recognized I Love NY logo, an unprecedented partnership with the State's iconic brand.
"After an exhaustive study to determine the best location for our corporate offices, we have decided that remaining in our hometown of New York makes the most sense for our company" said Dave Barger, JetBlue Chief Executive Officer. "JetBlue's plans to invest millions directly into New York's economy will create more jobs and provide more opportunities for all New Yorkers" said Governor David Paterson.
Mar 24 · 2:12:00 PM · Source: Company Press Release
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by Steve Wieczorek
AirTran (AAI)
AirTran Airways' (NYSE:AAI) market share at Milwaukee’s General Mitchell International Airport grew to 26.3 percent in January, once again narrowing the gap with Midwest Airlines, at 31.9 percent for January, which for years has held that top spot at the airport.
Orlando, Fla.-based AirTran has been undergoing an aggressive expansion at Mitchell since 2007, following its failed hostile takeover of Midwest Air Group Inc. of Oak Creek, the then-corporate parent of Midwest Airlines.
Mar 24 · 1:46:00 PM · Source: Bizjournals.com
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by Steve Wieczorek
Southwest Airlines (LUV)
Southwest Airlines (NYSE:LUV) to cut schedule 3% as it heads into fall 2010, according to the Dallas Morning News. The airline on Tuesday opened up its schedule from Aug. 15 through Oct. 30. First, there are no new cities added during that period. Secondly, it has aggressively been pruning its schedule.
Some of Southwest's Florida cities are seeing big declines, with a net loss of 15 departures at Orlando and 11 at Tampa.
Mar 24 · 1:34:00 PM · Source: Dallas Morning News
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by Steve Wieczorek
United Parcel Service (UPS)
United Parcel Service is laying off some of its pilots in Anchorage, the company said Tuesday according to the Anchorage Daily News. The Georgia-based company would not provide details Tuesday on how many pilots in Alaska are being laid off, but said worldwide 300 UPS pilots will be furloughed between now and 2011.
UPS said it has more pilots than it needs to operate its airline fleet, which is flying fewer flights than it did three years ago due to the global economic recession. The company said it is also flying fewer aircraft. "We have about 2,800 pilots and we only need 2,500," said company spokesman Michael Mangeot.
Mar 24 · 12:46:00 PM · Source: Anchorage Daily News
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by Steve Wieczorek
Housing
The Commerce Department today reported that new-home sales slipped 2.2% to an annual pace of 308,000, seasonally adjusted, which is the lowest rate since the government began tracking the data in 1963. The rate of sales is down 13% compared to February 2009
Bad weather may have impacted sales.
Mar 24 · 11:58:00 AM
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by Larry Etter
Housing
Sales of previously owned U.S. homes fell slightly in February, The National Association of Realtors said. Sales fell 0.6 percent month-over-month to an annual rate of 5.02 million units, the third straight month of declines in sales. January's sales were unrevised at 5.05 million units.
This points to the fragile nature of the housing market's recovery
Mar 23 · 11:16:00 AM
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by Larry Etter
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