CHICAGO, July 17, 2014 /PRNewswire/ --Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includethe GOL Linhas Aereas Inteligentes S.A. (NYSE:GOL-Free Report), United Continental Holdings Inc. (NYSE:UAL-Free Report), JetBlue Airways Corporation (Nasdaq:JBLU-Free Report), Southwest Airlines Co. (NYSE:LUV-Free Report) and Copa Holdings SA (NYSE:CPA-Free Report).
Today, Zacks is promoting its 'Buy' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
Airline Stock Roundup
After a temporary lull, airline stocks are now back in form with a gradual recovery over the past 5 trading sessions, owing to the optimism surrounding the upcoming second-quarter results.
The major highlights from the past week include Air France-KLM's somber forecast of 2014 financial results, which are expected to remain subdued due to lower profit expectations. Further, GOL Linhas Aereas Inteligentes S.A.'s (NYSE:GOL-Free Report) code sharing agreement and June 2014 traffic results released by some of the major airlines were also in the limelight.
A Recap of Last Week's Most Important Stories
1.United Continental Holdings Inc. (NYSE:UAL-Free Report) reported June 2014 airline traffic, which remained flat year over year at 19.12 billion. Growth in Latin American traffic offset the decline in the Atlantic and regional division. (Read More: United Continental Rallies despite Flat June Traffic).
2.Another airline company,JetBlue Airways Corporation (Nasdaq:JBLU-Free Report), reported June traffic results. The carrier reported airline traffic of 3.26 million, up 4.0% year over year, representing the fifth consecutive month of high traffic post a dip in numbers in Jan 2014. (Read More: JetBlue Airways' June Traffic Grows, Trend Likely to Stay)
3.Further, Southwest Airlines Co. (NYSE:LUV-Free Report) posted a rise in traffic for June 2014. The month's traffic came in at 10.01 billion, up 2.2% from 9.85 billion recorded in the comparable period a year ago.(Read More: Southwest Airlines' June Traffic Improves)
4.Franco-Dutch airline group, Air France-KLM, followed close on the heels of its German counterpart Lufthansa in issuing a profit warning for 2014. This word of caution dragged most airline stocks down on Jul 1. The airline behemoth blamed overcapacity on transatlantic routes, weak cargo demand and a currency dispute in Venezuela for the cautious outlook. (Read More: Airline Continues Losing Altitude: 3 Carriers to Avoid)
5.GOL Linhas inked a code share agreement with UAE-based Etihad Airways that will initially give the latter increased access to South America. The deal fortifies the low-cost Brazilian carrier's partnership with Etihad Airways. (Read More: GOL & Etihad Airways Strengthen Ties with Code share Deal)
Over the past 6 months, most of the stocks in this space have fared reasonably well, with the exception ofCopa Holdings SA (NYSE:CPA-Free Report) and United Continental which dropped 3.8% and 2.8%, respectively.
Today, Zacks is promoting its 'Buy' stock recommendations. Get #1Stock of the Day pick for free.
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