Airline confirms an order for eight aircraft, with rights to purchase eight moreFirst delivery of this state-of-the-art aircraft is expected in 2030Aircraft unlocks a new generation of long-haul capabilitiesCabin design provides better experience for customer comfort MONTRÉAL, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Air Canada today announced the next phase of its fleet modernization program with the addition of the Airbus A350-1000 widebody aircraft. The airline will welcome eight aircraft to its fleet, and has ...

Core Insights - CSX Corporation has signed a $670 million deal with Westinghouse Air Brake Technologies to modernize its fleet and enhance network performance [1][9] - The deal includes the acquisition of 100 new Evolution Series locomotives and the modernization of 50 existing units [1][9] - The new locomotives aim to improve fuel efficiency, tractive effort, and overall reliability, particularly for long-haul and heavy-haul operations [2] Fleet Modernization - CSX will convert aging D9 locomotives from DC to AC traction, extending their service life and improving fleet standardization [3] - Upgrades will enable the deployment of advanced control and diagnostic technologies to enhance fuel performance and operational productivity [3] - Both new and modernized locomotives will be equipped with Trip Optimizer and Smart Horsepower per Ton systems to optimize fuel usage [4] Delivery Timeline - Deliveries of the new locomotives will begin this year, with modernization efforts expected to roll out by 2027 [4] Share Price Performance - CSX's shares have increased by 24.3% over the past year, outperforming the Transportation - Rail industry's growth of 8.4% [7][9]

JACKSONVILLE, Fla., Feb. 09, 2026 (GLOBE NEWSWIRE) -- CSX (NASDAQ: CSX) today announced that it has signed a $670 million deal with Wabtec Corporation (NYSE: WAB) to upgrade its fleet with 100 new Evolution Series locomotives, 50 modernized locomotives, and a suite of digital solutions and services. “Our locomotive fleet is a fundamental element of our safe and reliable railroad,” said Mike Cory, Executive Vice President and Chief Operating Officer at CSX. “Modernizing these critical assets strengthens netw ...

Core Insights - Air Cambodia has placed its largest single-aisle order for up to 20 Boeing 737 MAX airplanes, marking the airline's first purchase of fuel-efficient Boeing aircraft [1][2] - The order includes a firm commitment for 10 737-8 jets with an option for 10 more, finalized in December 2025 [2] - The 737 MAX will enable Air Cambodia to renew and expand its fleet, enhancing connectivity across Asia [3] Company Overview - Air Cambodia is the national full-service carrier of Cambodia, headquartered in Phnom Penh, with primary hubs at Phnom Penh International Airport and a China office in Zhengzhou [7] - The airline currently operates a fleet of six single-aisle and regional jets on domestic and international routes to various countries including Vietnam, India, Thailand, China, Japan, and Hong Kong [5] Aircraft Specifications - The 737-8 can accommodate up to 178 passengers in a two-class configuration and has a range of up to 3,500 nautical miles (6,480 km) [4] - The aircraft offers a 20% reduction in fuel use and emissions compared to the planes it replaces, contributing to lower operating costs for Air Cambodia [4] Market Outlook - Boeing's Commercial Market Outlook predicts that Southeast Asian carriers will require nearly 5,000 new airplanes over the next twenty years, with single-aisle jets making up over 80% of deliveries [6] Strategic Importance - The investment in the 737-8 is seen as a critical step for Air Cambodia to launch direct services to key markets in North and Southeast Asia, while also creating local jobs and training opportunities [4]

Core Insights - Delta Air Lines reported strong fourth-quarter 2025 results, driven by diversified revenue streams, solid international travel demand, and corporate sales growth [2][10] - The company achieved earnings of $1.55 per share, surpassing estimates, despite a year-over-year decline due to high labor costs [3][10] - Revenue for the quarter reached $16 billion, exceeding expectations and reflecting a 2.9% year-over-year increase [4][10] Financial Performance - Earnings per share (EPS) for Q4 2025 was $1.55, beating the Zacks Consensus Estimate of $1.53, but down 16.22% year-over-year due to increased labor costs [3] - Total revenues were $16 billion, surpassing the Zacks Consensus Estimate of $15.63 billion, with adjusted operating revenues at $14.6 billion, a 1.2% increase year-over-year [4] - The company maintained a strong earnings surprise record, exceeding estimates in the past four quarters with an average surprise of 7.94% [5] Fleet Expansion - Delta Air Lines has agreed to acquire 30 Boeing 787-10 widebody aircraft, with options for an additional 30, expected to enhance long-haul capabilities starting in 2031 [6][7] - This acquisition is part of Delta's international growth strategy, aimed at strengthening its global footprint and supporting overseas expansion [7] Cost Structure and Challenges - Total operating expenses rose 5% year-over-year to $14.5 billion, driven by inflationary pressures despite lower fuel and maintenance costs [14] - Salaries and related costs increased 11% year-over-year to $4.59 billion due to a new pilot contract ratified in 2023 [14] - Non-fuel unit costs (CASM-Ex) increased by 4% year-over-year to 14.27 cents, indicating ongoing cost pressures [15] Valuation Concerns - Delta Air Lines' stock is considered unattractive from a valuation perspective, with a forward 12-month price-to-sales ratio of 0.70X, higher than the industry average of 0.59X [16] Investment Outlook - While Delta Air Lines delivered impressive results, potential investors are advised to exercise caution due to ongoing challenges and monitor the company's progress for a more favorable entry point [19]

Core Insights - flyExclusive has announced the addition of two Challenger 350 aircraft to its fleet, continuing its expansion strategy for high-contribution super-midsize capacity as part of its 2026 fleet modernization plan [1][4] - The company aims to enhance its Challenger fleet, which now totals eight aircraft, as part of a multi-year strategy focused on capital deployment into aircraft categories that yield strong utilization and contribution across various service offerings [2][5] Fleet Expansion and Strategy - The Challenger fleet is the most economically productive segment of flyExclusive's operations, driven by strong customer demand and favorable operating characteristics [2] - The company plans to equip the Challenger platform with Starlink technology, enhancing connectivity and customer experience [3] - Management emphasizes a disciplined capacity strategy aimed at long-term value creation rather than opportunistic growth, with expectations for additional Challenger aircraft to join the fleet throughout 2026 [4] Operational Efficiency - flyExclusive's fleet modernization initiative focuses on modern aircraft types with attractive lifecycle economics, supported by in-house maintenance, refurbishment, and avionics upgrades [4] - The company aims to align aircraft additions with demand trends to improve utilization and strengthen unit economics across its service offerings [5] - The targeted acquisition of Challengers is expected to be a significant driver of revenue quality and operating leverage for the company [5] Company Overview - flyExclusive is a vertically integrated, FAA-certificated private aviation company providing charter, Jet Club membership, and fractional ownership services globally [6] - The company operates one of the largest private jet fleets in the U.S., maintaining full operational control over maintenance and upgrades through its facilities in Kinston, North Carolina [6]

Core Insights - Delta Air Lines (DAL) reported fourth-quarter 2025 earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $1.53, but reflecting a 16.22% year-over-year decline due to high labor costs [1] - Revenues for the quarter reached $16 billion, surpassing the Zacks Consensus Estimate of $15.63 billion, and showing a 2.9% increase year-over-year [2] Financial Performance - Adjusted operating revenues (excluding third-party refinery sales) increased 1.2% year-over-year to $14.6 billion, impacted by approximately 2 points due to the government shutdown [2] - Passenger revenues, which constituted 80.7% of total revenues, rose 1% year-over-year to $12.91 billion, with domestic passenger revenues remaining flat due to the government shutdown [5] - Cargo revenues decreased by 1% year-over-year to $246 million, while other revenues increased by 14% to $2.84 billion [6] - Adjusted operating margin was 10.1% in Q4 2025, down from 12% a year ago [6] Operational Metrics - Revenue passenger miles decreased by 1% to 59.86 billion, while capacity expanded by 1.3% to 72.9 billion [7] - Load factor decreased by 200 basis points to 82%, slightly below the estimate of 84% [7] - Total operating expenses rose by 5% to $14.5 billion, with salaries and related costs increasing by 11% to $4.6 billion due to higher wages from a new pilot contract [8] Fleet and Growth Strategy - Delta has agreed to acquire 30 Boeing 787-10 widebody aircraft, with options for an additional 30, expected to enhance fuel efficiency and long-haul capabilities [3][4] - The order is part of Delta's international growth strategy, aimed at strengthening its global footprint [4] Cash Flow and Debt - At the end of Q4 2025, Delta had cash and cash equivalents of $4.3 billion, up from $3.07 billion at the end of Q4 2024 [9] - Adjusted net debt decreased by $3.7 billion to $14.3 billion [9] - Adjusted operating cash flow for the December quarter was $2.2 billion, with free cash flow of $1.8 billion [10] Future Guidance - For Q1 2026, Delta expects adjusted earnings per share in the range of $0.50 to $0.90, with an adjusted operating margin of 4.5% to 6% [11] - Full-year earnings guidance for 2026 is projected between $6.5 and $7.5 per share, indicating a 20% year-over-year growth [12]

Core Viewpoint - SkyWest, Inc. (SKYW) is currently undervalued based on its trailing 12-month price-to-book (P/B) ratio, trading at 1.50X compared to the industry average of 3.16X, indicating an attractive valuation [1] Financial Performance - SkyWest's revenues from flying agreements, which account for 96.1% of total revenue, increased by 16.5% year-over-year in the first nine months of 2025 [6] - The airline carried 12.3% more passengers and saw a 16.2% increase in departures year-over-year during the same period [6] Fleet Modernization - SkyWest is modernizing its fleet through agreements with major airlines such as United Airlines, Delta Air Lines, and Alaska Airlines [7] - The company has a multi-year contract extension with United Airlines for up to 40 CRJ200 aircraft and is set to receive additional E175 aircraft deliveries from various airlines between 2026 and 2028 [8][9] Financial Health - As of the end of the third quarter of 2025, SkyWest had cash and marketable securities totaling $753.35 million, significantly higher than its current debt of $519.51 million, indicating strong financial flexibility [10] - Long-term debt decreased from $2.19 billion to $1.86 billion, improving the debt-to-capitalization ratio from 53.8% to 49% [10] Shareholder Initiatives - SkyWest has increased its share repurchase plan by $250 million, repurchasing 244,000 shares for $26.6 million in the third quarter of 2025 [11] - The company had $240 million available under its current share repurchase program, which is expected to enhance earnings per share and signal management's confidence in the stock's value [11] Earnings Estimates - The Zacks Consensus Estimate for full-year earnings for 2025 and 2026 has been revised upward, reflecting positive sentiment among brokers [14] - The current earnings estimate for the first quarter of 2026 stands at $2.45, with the full-year 2025 estimate at $10.09 and 2026 at $11.07 [15] Investment Recommendation - Given the attractive valuation, increasing flying contracts, fleet modernization efforts, and shareholder-friendly initiatives, it is suggested that investors consider adding SKYW stock to their portfolios for potential healthy returns [16]

Core Insights - Wheels Up Experience Inc. has announced a sale-leaseback transaction for part of its aircraft fleet, marking a significant step in its fleet modernization strategy aimed at enhancing customer experience and supporting growth in 2026 [1][4][5] Fleet Modernization Strategy - The company is focused on scaling its fleet of Bombardier Challenger 300 series and Embraer Phenom 300 series aircraft, with strong demand for its new fleet offerings linked to the recently launched Signature membership [2][6] - In the fourth quarter, Wheels Up has acquired or entered into agreements to acquire 10 additional Challenger and Phenom aircraft, with plans for further expansion in 2026 [2] Sale-Leaseback Transaction - Wheels Up has entered into an agreement to sell 3 Challenger 300s and 7 Phenom 300s, while entering into long-term operating leases for all 10 aircraft, ensuring continued operation and access for customers [3][4] - The sale price for this transaction is approximately $105 million, with expected proceeds used to repay $65 million of outstanding debt and provide $40 million in cash to the company's balance sheet [4] Customer Experience Enhancement - The first Phenom 300 equipped with Gogo Galileo HDX satellite Wi-Fi has entered service, initiating a fleet-wide upgrade to next-generation connectivity, which enhances in-flight performance and customer experience [5][6] - The company anticipates delivering its first HDX-equipped Challenger aircraft early in 2026, with plans to quickly upgrade the entire fleet throughout the year [6]

Core Insights - Great Lakes Dredge & Dock Corporation (GLDD) has seen a stock performance increase of 12.3% over the past month, outperforming the Zacks Building Products - Heavy Construction industry, the broader Construction sector, and the S&P 500 Index [2][9] - The company is benefiting from solid backlog growth driven by large-scale projects, disciplined bidding, and efficient project execution, positioning it well for long-term growth despite macroeconomic challenges [3][23] Backlog and Project Opportunities - GLDD's operations focus on complex port deepening, LNG-related dredging, and coastal resilience projects, supported by increased public infrastructure spending in the US [6] - The maintenance backlog grew year-over-year by 53.9% to $147.6 million, reflecting the company's disciplined bidding approach [6][9] Fleet Modernization - The company has been investing in a multi-year fleet modernization strategy, welcoming its sixth hopper dredge, Amelia Island, in Q3 2025, enhancing its operational capabilities [10] - The construction of the Acadia, a US-flagged subsea rock installation vessel, is expected to expand GLDD's market into offshore energy and subsea infrastructure protection, with the vessel fully booked for 2026 [11] Margin Improvement - GLDD's adjusted EBITDA margin expanded by 310 basis points year-over-year to 20.2% during the first nine months of 2025, driven by effective project execution and a favorable project mix [12][13] - The gross margin also increased by 380 basis points year-over-year to 23.7%, indicating structural improvements in profitability [13] Competitive Position - GLDD occupies a specialized competitive position with strong demand for coastal resilience and offshore energy services, facing competition primarily from Orion Group Holdings, EMCOR Group, and Limbach Holdings [19][20] - GLDD's modern fleet and project execution capabilities provide it with an operational advantage over competitors in certain project types [20][22] Investment Outlook - GLDD's favorable public infrastructure backdrop, disciplined execution, and high-quality backlog provide strong revenue visibility and support high fleet utilization [23] - The stock is currently trading at a discounted forward P/E ratio of 12.18, making it an attractive investment option despite some uncertainty in earnings estimates [14][24]