Core Insights - Airline stocks, particularly Delta Air Lines (DAL) and United Airlines (UAL), have experienced significant growth leading into 2026, driven by record-breaking air travel demand during the holiday seasons [1][2] Profitability & Liquidity Comparison - Delta and United are among the most efficient airlines, with Delta achieving a TTM net margin of 7.36%, the highest among major domestic carriers, while United follows with 5.64%. In contrast, American Airlines (AAL) and Southwest Airlines (LUV) have TTM net margins just above 1% [3] - Despite the capital-intensive nature of the airline industry, Delta and United effectively convert a large portion of their operating profits into free cash flow (FCF), with United boasting an impressive FCF conversion rate of 130%, exceeding the preferred threshold of 80% [4][5] Financial Outlook - Delta's fiscal 2025 EPS is projected to decline to $5.82 from $6.16 in 2024, but is expected to rebound by 23% in FY26 to a record $7.17. Sales are anticipated to increase by 2% in FY25 and by another 3% in FY26 to reach $65.19 billion [10] - United's FY25 EPS is expected to be $10.48, slightly down from a record $10.61 in 2024, with a projected 25% increase in FY26 EPS to $13.15. Annual sales are forecasted to rise by 3% in FY25 and by 9% in FY26 to $64.26 billion [11] Valuation Comparison - Delta and United stocks trade around the industry average of 9X forward earnings and less than 1X forward sales, making them attractive despite their leadership in the market. United's stock, priced over $100, has a slightly lower P/E valuation compared to Delta's stock, which trades around $70 [12] Strategic Considerations - Both Delta and United stocks are considered intriguing investments, with upcoming Q4 reports and guidance being crucial for potential upside. Both stocks have increased nearly 10% in the last month and currently hold a Zacks Rank 3 (Hold), indicating long-term value [14] - United's stock typically shows stronger price performance, while Delta may offer a more accessible investment option for those seeking smaller financial commitments [15]

Copa Holdings (CPA) shares rallied 6.7% in the last trading session to close at $130.03. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.4% gain over the past four weeks.The uptick resulted in shares of this Latin American carrier hitting a new 52-week high on Jan. 5. The carrier is being well-served by the improvement in air travel demand. Shares of airline gained over 37% in 2025, and is expected to conti ...

（文章来源：央视新闻） 12月30日下午，随着海南航空曼谷至海口、南方航空成都至海口航班相继落地，2025年海南自贸港海口 美兰国际机场、三亚凤凰国际机场、琼海博鳌国际机场三大机场年度旅客吞吐量首次突破5000万人次大 关，刷新年度客流新纪录。 旅客年吞吐量跨越5000万人次，是在海南自贸港建设加速推进的时代背景下，为封关运作新阶段的航空 枢纽建设注入强劲动能，也标志着海南民航步入高质量发展的全新阶段。 ...

Another intense winter storm system stretching from the upper Midwest to the Northeast will once again test US airlines during the busy holiday travel period.Service is still trying to recover from days of disruption that led to more than 3,600 cancelled flights between Dec. 26 and Dec. 28. Another 30,000 flights failed to depart or arrive on schedule over that timeframe, FlightAware data shows. As of 10:00 a.m. New York time Monday, more than 500 US flights on Monday are canceled and another 2,000-plus are ...

Core Viewpoint - Allegiant Travel Company (ALGT) has shown strong stock performance, outperforming its industry and peers over the past six months, with shares increasing in double digits [1][6]. Group 1: Positive Factors - Improvement in air-travel demand post-pandemic has positively impacted Allegiant's revenue, with a 3.5% year-over-year increase in the first nine months of 2025, driven by a 3.9% rise in passenger revenues [5]. - For Q4 2025, capacity is expected to increase by 10% year-over-year, with total system available seat miles (ASMs) projected to rise by 9.5% [5]. - Allegiant's fleet modernization efforts, including the addition of modern aircraft and retirement of older models, align with its environmentally friendly approach [6]. - The company ended Q3 2025 with cash and cash equivalents of $985.32 million, significantly higher than its current debt of $270.63 million, indicating strong liquidity [7]. - Shareholder-friendly initiatives include $21.9 million in dividends and $6 million in share repurchases in 2024, with an additional $12.95 million in share repurchases during the first nine months of 2025 [8]. - Adjusted consolidated earnings per share (EPS) guidance for 2025 has been raised to above $3.00, up from a prior estimate of above $2.25, reflecting positive earnings sentiment [9][10]. Group 2: Valuation Insights - ALGT is trading at a discount compared to the industry, with a forward 12-month price-to-book (P/B) ratio of 1.53X versus 3.10X for the industry, indicating attractive valuation [11]. Group 3: Negative Factors - Allegiant faces challenges from a tariff-induced macroeconomic backdrop, which may reduce consumer and corporate confidence, potentially impacting domestic air travel demand [14]. - Production delays at Boeing due to quality control checks and regulatory reviews are affecting Allegiant's fleet expansion plans, leading to increased maintenance costs and limiting capacity growth [15]. - Labor costs have risen significantly, with a 19.2% increase in 2024, which has outpaced the overall increase in operating expenses, contributing to cost pressures [16].

2025年12月26日，佛山机场航站楼迎来正式运营一周年。当天，机场在航站楼内举办以"文化融入服 务"为主题的周年庆典。现场安排钢琴演奏、岭南醒狮表演、非遗剪纸体验等活动，吸引众多旅客驻足 参与。据了解，2025年佛山机场旅客吞吐量已突破144万人次。 在航线网络方面，加密了北京、上海、成都、杭州等主要商务航线，并陆续新开及恢复兰州、宁波、昆 明、青岛、石家庄等多地航线，进一步拓展航线覆盖范围。 在服务流程方面，全面推广电子登机牌使用，实行全天候开放式值机，逐步实现"一证通关"服务，并对 部分国际中转航班提供"一票到底、行李直挂"服务。 在候机体验方面，陆续更新自助值机、安检验证等设施设备，引入多样化的餐饮、零售及文创类店铺， 丰富旅客候机期间的配套选择。 运营数据显示，2025年佛山机场旅客吞吐量已突破144万人次。全面实现自2023年跻身民航百万级机场 行列后的"三连跳"。展望下一阶段，佛山机场表示将继续完善航线网络、提升服务品质、强化运行保 障，进一步融入粤港澳大湾区航空协同发展体系，助力区域互联互通与经济发展。 为营造周年氛围，佛山机场自12月起陆续推出系列预热安排，包括周年庆特价机票及"我与佛山机场 ...

Core Insights - Allegiant Travel Company (ALGT) reported a 10% increase in scheduled traffic for November 2025 compared to November 2024, with capacity rising by 9.5% year over year, resulting in a load factor increase to 80.5% from 80.2% [1][10] Group 1: Allegiant Travel Company Performance - Scheduled traffic, measured in revenue passenger miles, increased by 10% year over year in November 2025 [1] - Capacity, measured in available seat miles, rose by 9.5% compared to the previous year [1] - The load factor improved to 80.5%, indicating that traffic growth outpaced capacity expansion [1][10] - Total departures for scheduled services grew by 9.8% year over year in November 2025 [2] - The average stage length fell by 1.7% year over year [2] - Allegiant carried 10.4% more passengers in November 2025 compared to the same month last year [2][10] - System-wide capacity improved by 9.1% in October 2025 on a year-over-year basis [2] - Estimated fuel price per gallon in November 2025 was $2.76 [2] Group 2: Other Airline Companies Performance - Copa Holdings reported a 10% increase in available seat miles and a 10.2% increase in revenue passenger miles for November 2025 [5][6] - Copa's load factor rose to 86.2% from 86.1% year over year [6] - LATAM Airlines reported a 4.6% year-over-year increase in consolidated capacity and a 3.6% increase in consolidated traffic [8][9] - LATAM Airlines Brazil's domestic market saw a 12.1% year-over-year growth in traffic [9] - Ryanair transported 13.8 million passengers in November 2025, reflecting a 6% year-over-year increase, with a load factor of 92% remaining flat [12]

| November 2025 | November 2024 | Change | | | | | --- | --- | --- | --- | --- | --- | | Passengers | 1,343,190 | 1,214,205 | | 10.6 | % | | Revenue passenger miles (000) | 1,218,668 | 1,108,281 | | 10.0 | % | | Available seat miles (000) | 1,512,993 | 1,381,831 | | 9.5 | % | | Load factor | 80.5 % | 80.2 % | | 0.3pts | | | Departures | 9,684 | 8,821 | | 9.8 | % | | Average stage length (miles) | 883 | 898 | | (1.7 | %) | | Total System* – Year Over Year Comparison | | | | | | | November 2025 | November 202 ...

Summary of Conference Call on Proposed Formation of New Airline Group by Volaris and VIVA Industry and Companies Involved - **Industry**: Aviation, specifically the airline sector in Mexico - **Companies**: Volaris and VIVA Core Points and Arguments 1. **Formation of New Airline Group**: Volaris and VIVA are proposing to create a new airline group aimed at accelerating air travel expansion in Mexico and internationally, leveraging economies of scale [2][4] 2. **Merger Structure**: The merger will be a merger of equals, with shareholders of both companies owning 50% of the new entity, which will be publicly listed under a new ticker as Grupo Mas Vuelos [7][8] 3. **Operational Independence**: Both airlines will maintain their distinct brands and air operator certificates, ensuring operational continuity while benefiting from a stronger financial foundation [9][10] 4. **Market Opportunity**: The Mexican aviation sector is under-penetrated, with air trips per capita significantly lower than in comparable emerging economies, indicating substantial growth potential [12][13] 5. **Job Creation**: The establishment of new bases in underserved regions is expected to create direct and indirect jobs, with each new airplane estimated to create approximately 60 direct jobs [11] 6. **Fleet and Cost Structure**: The combined order book exceeds 200 aircraft, with a projected value of up to $14 billion. The merger is expected to enhance cost efficiencies, particularly in aircraft ownership costs, which currently represent 33%-35% of total costs [12][31] 7. **Regulatory Process**: The transaction is subject to regulatory approvals in Mexico, Colombia, and the U.S., and the companies are optimistic about the review process [23][53] 8. **Financial Metrics**: The pro forma leverage for the combined entity is projected at 2.7 times EV/EBITDA, with a focus on reducing aircraft ownership costs through improved capital allocation [25][17] 9. **Synergies and Cost Savings**: The merger is expected to unlock significant cost synergies, particularly in fleet negotiations and procurement, which will help lower operational costs and improve financial stability [17][55] 10. **Community and Economic Impact**: Increased connectivity is anticipated to support economic development, particularly in underserved regions, benefiting tourism and other key sectors [19][55] Other Important but Potentially Overlooked Content 1. **Cultural Compatibility**: The companies believe their similar operational cultures will facilitate the merger process and realization of synergies [54] 2. **Focus on Demand-Driven Growth**: Both airlines emphasize maintaining a low-cost, low-complexity operating model while expanding access to affordable air travel [48] 3. **Long-Term Vision**: The new airline group aims to redefine affordable air travel in Mexico, enhancing connectivity and value for passengers [20][21]

DENVER, Dec. 15, 2025 /PRNewswire/ -- Frontier Group Holdings, Inc. (NASDAQ: ULCC) ("Frontier" or the "Company"), parent company of Frontier Airlines, Inc., today announced that James G. Dempsey, currently the Company's President, has been appointed as Interim Chief Executive Officer, effective as of December 15, 2025. Barry L. Biffle, the Company's current Chief Executive Officer, will remain with the Company in an advisory capacity until December 31, 2025. "Jimmy has been an invaluable member of Frontier ...