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Allegiant Announces Senior Leadership Promotions
Prnewswire· 2026-01-15 00:12
Core Viewpoint - Allegiant Travel Company has announced several senior leadership promotions aimed at strengthening organizational depth and positioning the company for long-term success, particularly in light of its proposed acquisition of Sun Country [1][3]. Leadership Promotions - Michael Broderick has been appointed as Senior Vice President & Chief Integration Officer, leading the Integration Management Office (IMO) to oversee integration planning related to the proposed combination with Sun Country [2][4]. - Rebecca Aretos has been promoted to Senior Vice President, Finance & Chief Accounting Officer, continuing her oversight of Accounting while also leading the Financial Planning & Analysis (FP&A) organization [6][7]. - Asad Shaikh has been promoted to Senior Vice President, Corporate Finance & Treasurer, focusing on long-term financial strategy and overseeing the Procurement organization [8][9]. Leadership Experience - Michael Broderick has a strong operational track record since joining Allegiant in 2017, with previous leadership roles at US Airways, Sabre, and American Airlines [5]. - Rebecca Aretos has been with Allegiant since 2007 and is recognized for her technical expertise and governance focus, having played a key role in the transition to the SAP enterprise resource planning system [6]. - Asad Shaikh has been with Allegiant since 2013 and has strengthened the company's financial strategy, particularly in fleet decisions and aircraft financing [8][9]. Integration Management Office (IMO) - The newly established IMO will report to Allegiant's CEO and will coordinate integration planning and execution related to the acquisition of Sun Country, with both companies continuing to operate separately until the transaction is finalized [10].
Delta Air Lines, Inc. (NYSE:DAL) Sees Price Target Set by Seaport Global
Financial Modeling Prep· 2026-01-15 00:00
Core Viewpoint - Delta Air Lines is experiencing a stock price decline, but analysts see this as a buying opportunity due to expectations of sustained growth and robust capital returns [2][3][5] Group 1: Stock Performance - Delta's stock was trading at $67.89 when Seaport Global set a price target of $88, indicating a potential increase of about 29.62% [2][5] - The current stock price is $68.11, reflecting a decrease of 1.76% or $1.22 [3] - During the trading day, Delta's stock reached a low of $67.55 and a high of $70.72, with a yearly high of $73.16 and a low of $34.74 [4] Group 2: Market Capitalization and Trading Volume - Delta's market capitalization stands at approximately $44.47 billion [4][5] - The trading volume for Delta's shares is 5,394,401 [4][5] Group 3: Analyst Expectations - Analysts expect sustained growth, acceleration, and margin strength to support a robust capital return [3][5]
Options Corner: American Airlines Risks Turbulence Amid K-Shaped Economic Recovery - American Airlines Group (NASDAQ:AAL), Delta Air Lines (NYSE:DAL)
Benzinga· 2026-01-14 21:40
American Airlines Group Inc (NASDAQ:AAL) could be facing turbulent weather ahead if the earnings results of rival Delta Air Lines Inc (NYSE:DAL) have anything to say about it. Yesterday, Delta released its results for the fourth quarter and while the company beat expectations on both the top and bottom lines, DAL suffered a sizable drop. Subsequently, the downdraft also weighed on AAL stock, which dipped more than 2%.One of the main culprits appears to be a so-called K-shaped recovery in both the airline se ...
Trax expands Air Atlanta Icelandic relationship with eMobility suite and cloud hosting
Prnewswire· 2026-01-14 21:30
MIAMI, Jan. 14, 2026 /PRNewswire/ -- Trax, the preeminent aviation maintenance enterprise resource planning system and provider of integrated role-based mobile apps, signed a multi-year contract expansion with Air Atlanta Icelandic. A Trax customer for more than 25 years, Air Atlanta Icelandic upgraded to Trax's eMRO platform in 2024. Today, it was announced that Air Atlanta Icelandic will add Trax's eMobility and cloud hosting solutions to further streamline maintenance, improve efficiency, and enhance co ...
NTSB says Boeing issued service advisory in 2011 on MD-11 part
Reuters· 2026-01-14 20:02
The National Transportation Safety Board said on Wednesday that a key part of a UPS UPS.NMD-11 cargo jet that crashed in November in Kentucky, killing 15 people, that was found to have cracks was the ... ...
Wizz Air revises outlook on Airbus deliveries, fewer groundings, Bloomberg News reports
Reuters· 2026-01-14 18:37
Wizz Air's CEO Jozsef Varadi has raised the budget carrier's growth projection for this fiscal year after cutting it two months ago, saying the company is adding Airbus SE jets and returning grounded ... ...
6 Reasons Why You Should Add Ryanair Stock to Your Portfolio
ZACKS· 2026-01-14 18:31
Key Takeaways RYAAY shares jumped 60.9% in the past year, far outpacing the airline industry's gains over the same period.RYAAY earnings estimates for 2025 and 2026 moved higher, reflecting brokers' growing confidence in results.RYAAY expects fiscal 2026 traffic above 207M passengers as demand stays strong and fleet expansion continues.Ryanair Holdings plc (RYAAY) ) is benefiting from the improvement in traffic from the pandemic-led slump. Measures to expand its fleet and bring down debt levels are encourag ...
U.S. Stocks Move Sharply Lower Amid Rising Geopolitical Concerns
RTTNews· 2026-01-14 17:25
Stocks have moved sharply lower over the course of the trading day on Wednesday, adding to the modest losses posted in the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq showing a notable slump.Currently, the major averages are just off their lows of the session. The Nasdaq is down 380.83 points or 1.6 percent at 23,329.04, the S&P 500 is down 74.49 points or 1.1 percent at 6,889.25 and the Dow is down 282.68 points or 0.6 percent at 48,909.31.The weakness o ...
Airlines to save big money on fuel as new weight-loss pills gain popularity, Wall Street says
CNBC· 2026-01-14 16:12
Wall Street is finding an unexpected beneficiary of America's weight-loss boom: airlines.With the first GLP-1 weight-loss drug now available in pill form, analysts at Jefferies say broad adoption across society could quietly lower fuel bills — airlines' single largest cost — and lift earnings for the carriers. "A slimmer society = lower fuel consumption. Airlines have a history of being vigilant around aircraft weight savings, from olives (pitless, of course) to paper stock," the Wall Street firm said in a ...
Copa Holdings' Traffic Improves Year Over Year in December 2025
ZACKS· 2026-01-14 15:25
Key Takeaways CPA reported robust December traffic, with RPM rising 10.9% y/y on strong air travel demand. CPA expanded capacity in December, with ASM up 10% y/y to meet higher passenger volumes. CPA's load factor improved to 86% in December 2025, up from 85.3% a year earlier.Copa Holdings, S.A. (CPA) reported robust traffic numbers for December 2025 on the back of upbeat air travel demand. Driven by high passenger volumes, revenue passenger miles (RPM: a measure of traffic) improved on year-over-year basis ...