The complex work of rearranging pilot and crew schedules is made even more knotty by lingering flight cuts and staffing unpredictability: Here’s your Evening Briefing https://t.co/7WYECUQYqU ...

Group 1: Airline Industry Overview - Airline stocks have shown resilience, particularly after the end of the longest government shutdown in U.S. history, which had caused significant disruptions in flight operations [1] - The Zacks Transportation-Airline Industry is currently in the bottom 25% of over 240 Zacks industries, indicating a challenging environment for many airlines [2] Group 2: Notable Performers - LATAM Airlines Group (LTM) has gained +65% year-to-date, while International Consolidated Airlines Group (ICAGY) is up nearly +40% in 2025, both outperforming the Zacks-Transportation Airline Market's YTD return of +6% [3] - LTM holds a Zacks Rank 2 (Buy), and ICAGY has a Zacks Rank 3 (Hold) [3] Group 3: Domestic Airline Stocks - SkyWest (SKYW) is highlighted as a buy-rated stock, with FY25 EPS estimates increasing from $9.95 to $10.33, a 4% rise, and FY26 EPS revisions up 7% from $10.33 to $11.08 [4][6] - United Airlines (UAL) and Delta Air Lines (DAL) are also noted for their appealing EPS growth prospects, both holding a Zacks Rank 3 (Hold) [6] Group 4: Revenue and Valuation - Major airlines like United and Delta may face revenue challenges due to flight disruptions, but they lead in international capacity and profitability margins [7] - UAL and DAL are attractively valued, trading around the industry average of 10X forward earnings and less than 1X forward sales [7] Group 5: Stocks to Avoid - There are six stocks in the Transportation-Airline Industry with a Zacks Rank 4 (Sell) and two with a Zacks Rank 5 (Strong Sell), including Alaska Air Group (ALK) and Sun Country Airlines (SNCY) [9]

Core Insights - Surf Air Mobility Inc. (SRFM) reported Q3 2025 revenue of $29.2 million, reflecting a 6% sequential growth and a 3% year-over-year increase, driven by a 42% rise in On Demand services [5] - The company experienced an adjusted EBITDA loss of $9.9 million, which was in line with guidance, while airline operations achieved a second consecutive quarter of positive adjusted EBITDA [5] - Significant capital structure improvements were made, including a $100 million strategic transaction to fund SurfOS and refinance debt, positioning the company for a more sustainable capital structure [5] Financial Performance - Revenue for Q3 2025 was $29.2 million, exceeding guidance [5] - Adjusted EBITDA loss was reported at $9.9 million, consistent with expectations [5] - The airline operations segment delivered positive adjusted EBITDA for the second consecutive quarter [5] Strategic Developments - The company has made substantial improvements to its capital structure, refinancing higher-cost debt and reducing annual cash interest [5] - These actions are expected to provide a clearer path toward scaling operations and initiating Phase 3 of the transformation plan in FY26 [5]

Core Points - The Air Canada Foundation is inviting applications for its annual grant program aimed at improving the health and well-being of children and youth across Canada [1][4] - The Foundation disbursed $1.6 million in 2025 to support 38 distinct projects led by Canadian registered charities [5][7] Eligibility and Application Process - Applicants must be Canadian registered charities focused on enhancing access to care and services for underserved populations [3][8] - Grant applications are accepted from November 1 to December 31 each year, with funding awarded in the first half of the following calendar year [8] Foundation's Mission and Impact - The Foundation's mission includes three pillars: Health, Protection, and Dreams, addressing various challenges faced by children and youth [5][6] - The Foundation has been operational since 2012, providing both financial and in-kind support to charities [9]

Core Points - The Air Canada Foundation is inviting applications for its annual grant program aimed at improving the health and well-being of children and youth across Canada [1][4] - The Foundation disbursed $1.6 million in 2025 to support 38 distinct projects led by Canadian registered charities [5][7] Grant Program Details - Applicants must be Canadian registered charities focused on enhancing access to care and services for underserved populations [3][8] - The application period runs from November 1 to December 31 each year, with grants awarded in the first half of the following year [8] Foundation's Mission and Impact - The Foundation's mission includes three pillars: Health, Protection, and Dreams, addressing various challenges faced by children and youth [5][6] - The Foundation has been operational since 2012, providing both financial and in-kind support to charities [10]

US airlines are kicking off an unprecedented effort to shake off the travel chaos caused by the government shutdown and reboot their networks in time for the busy Thanksgiving holiday travel period https://t.co/BbAzYu62Tc ...

Delta Air Lines (DAL) CEO Ed Bastian wants travelers to forget the turbulence of travel — in exchange for a Netflix-like (NFLX) escape. "It will become a much more immersive entertainment experience," Bastian said at Yahoo Finance's Invest event. "We have 200 million customers a year on average, three hours a session. They're all seat-belted in, all facing the same way. If you can't figure out a way as a marketer to create value for those consumers as well as for yourself, you're not very good." Delta st ...

Core Insights - Allegiant Travel Company (ALGT) shares have increased by 19% following the release of its third-quarter 2025 earnings, primarily due to an upward revision of its full-year earnings guidance [1] - The adjusted consolidated earnings per share (EPS) for 2025 is now expected to exceed $3.00, up from a previous estimate of above $2.25 [1] - The adjusted EPS for the airline segment is anticipated to be above $4.35, compared to the prior estimate of above $3.25 [1] Financial Performance - ALGT reported a third-quarter 2025 loss of $2.09 per share, which was wider than the Zacks Consensus Estimate of a loss of $1.84 per share and greater than the loss of $2.02 per share in the same quarter last year [2][9] - Operating revenues for the quarter were $561.9 million, missing the Zacks Consensus Estimate of $580.4 million and reflecting a 0.1% year-over-year decline [2] - Passenger revenues, which constituted 87.9% of total revenues, increased by 1.1% year-over-year [2] Operational Metrics - Air traffic, measured in revenue passenger miles, grew by 8.7% year-over-year, while capacity, measured in available seat miles (ASMs), increased by 10.2% [3] - The load factor decreased to 84.3% from 85.6% as traffic growth did not keep pace with capacity expansion [3] - Airline operating costs per available seat mile, excluding fuel, fell by 4.7% year-over-year to 8.47 cents [4] Cost and Liquidity - The average fuel cost per gallon decreased by 4.9% year-over-year to $2.55 [4] - As of September 30, 2025, Allegiant's total unrestricted cash and investments amounted to $991.2 million, up from $852.7 million at the end of the previous quarter [5] - Long-term debt and finance lease obligations totaled $1.78 billion, slightly up from $1.77 billion in the prior quarter [5] Future Guidance - For the fourth quarter of 2025, scheduled service ASMs are expected to increase by 10% year-over-year, with total system ASMs projected to rise by 9.5% [6] - Adjusted earnings per share for Q4 is anticipated to be in the range of $1.50 to $2.50, with an expected adjusted operating margin of 10% to 12% [6] - For the full year 2025, scheduled service ASMs are expected to increase by 13%, and total system ASMs are projected to rise by 12.5% [7]

Core Insights - The longest federal government shutdown in U.S. history ended after 43 days, causing significant disruptions for federal workers and travelers [1] - Airlines, particularly Delta Air Lines (DAL), faced challenges due to staffing shortages and reduced flight capacity during the shutdown [2][3] Company Performance - DAL's stock has shown impressive performance over the past six months, gaining in double digits and outperforming the Zacks Transportation - Airline industry and American Airlines (AAL) [4] - Delta's third-quarter earnings rose 14% year over year, reaching $1.71 per share, which beat the Zacks Consensus Estimate of $1.52 [10] - Revenues for the September quarter were $16.67 billion, exceeding estimates and increasing 6.4% year over year [10] Revenue Growth - Delta's diversified revenue base grew in double digits year over year, with premium revenues and loyalty revenues each increasing by 9% [11] - Adjusted operating revenues increased 4.1% year over year to $15.2 billion, driven by improving air travel demand [10] Financial Returns - DAL announced a 25% increase in its quarterly dividend payout, marking the second increase since resuming dividends post-COVID [13] - The new quarterly dividend is set at 18.75 cents per share, annualized at 75 cents [14] Cost Management - Lower fuel costs positively impacted DAL's bottom line, with average fuel prices per gallon declining 11% year over year to $2.25 [15] - However, labor costs increased by 7% year over year in the first nine months of 2025, contributing to rising non-fuel unit costs [19] Valuation - DAL is currently trading at a forward price-to-sales (P/S) ratio of 0.61X, which is lower than the industry average [16] - DAL holds a Value Score of A, comparable to American Airlines and United Airlines [16] Market Outlook - The end of the government shutdown is expected to improve flight operations and passenger volumes for DAL as the holiday season approaches [3][7] - Despite the positive outlook, high labor costs and potential flight cancellations remain concerns for DAL's future performance [20]

Key Points - Copa Holdings, S.A. (CPA) is experiencing growth due to increased passenger volumes, with robust traffic numbers reported for October 2025 driven by strong air travel demand [1][10] - The company increased its capacity in October, with available seat miles rising by 9.6% year-over-year, while revenue passenger miles improved by 9.3% year-over-year [2][10] - Despite the increase in traffic, the load factor decreased to 87.2% from 87.4% in October 2024, indicating that traffic growth did not keep pace with capacity expansion [2][10] Other Airline Companies - LATAM Airlines Group reported a year-over-year increase in revenue passenger-kilometers (RPK) for October 2025, with consolidated capacity increasing by 7.4% [4][5] - LATAM Airlines Brazil's domestic capacity saw a significant increase of 13.2%, contributing to a consolidated load factor decrease to 85.5% from 85.7% in October 2024 [5][6] - Ryanair Holdings reported a 5% year-over-year increase in passengers transported, totaling 19.2 million in October 2025, with a stable load factor of 93% [8][9]