Core Viewpoint - Analysts expect United Airlines (UAL) to report quarterly earnings of $3.86 per share, reflecting a year-over-year decline of 6.8%, with revenues projected at $15.36 billion, an increase of 2.5% from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 5.4%, indicating a collective reassessment by analysts [2]. - Revisions to earnings estimates are crucial indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3]. Revenue Projections - Analysts predict 'Operating revenue- Passenger revenue' to be $14.00 billion, representing a year-over-year increase of 2.3% [5]. - The estimated 'Operating revenue- Other operating revenue' is $950.69 million, indicating a year-over-year change of 6.6% [5]. - 'Operating revenue- Cargo' is expected to reach $462.00 million, reflecting an 11.6% increase from the prior year [6]. Key Metrics - The consensus estimate for 'ASMs (Available seat miles)' is 84.60 billion, up from 79.68 billion in the same quarter last year [8]. - Analysts expect 'RPMs (Revenue passenger miles)' to be 70.28 billion, compared to 67.06 billion in the previous year [8]. - Fuel consumption is projected at 1,249 million gallons, an increase from 1,134 million gallons reported in the same quarter last year [9]. Stock Performance - Over the past month, United shares have increased by 18.4%, outperforming the Zacks S&P 500 composite, which saw a change of 4.1% [10].

Core Insights - DFDS reported a decline in ferry freight volumes in June 2025, with total volumes of 3.4 million lane metres, which is 1.7% lower than 2024 and down 3.7% when adjusted for route changes [1][5] - The year-to-date (YTD) growth rates for freight volumes were -0.2% and -1.3% respectively, indicating a challenging market environment [1] - Passenger volumes also saw a significant decrease, with June 2025 passenger numbers adjusted for route changes down 7.1% to 414,000 compared to 2024 [3][5] Freight Volumes - North Sea freight volumes were negatively impacted by a national strike in Sweden affecting Gothenburg port operations, while Mediterranean volumes decreased due to new ferry competition between Türkiye and Italy [1] - Channel volumes were also below 2024 levels, influenced by a decrease in the total Dover Strait market [2] - For the last twelve months, total transported freight lane metres increased by 3.7% to 41.5 million from 40.0 million in the previous year, with a 0.3% increase when adjusted for route changes [2] Passenger Volumes - The number of cars transported in June 2025 was 9.3% below 2024 when adjusted for route changes [3] - Over the last twelve months, the total number of passengers increased by 10.4% to 6.1 million compared to 5.5 million for the previous year, although the growth rate adjusted for route changes was -0.7% [3][5] Company Overview - DFDS operates a transport network in Europe with an annual revenue of DKK 30 billion and employs 16,500 full-time staff [7] - The company provides ferry services for goods and passengers, facilitating trade and travel across Europe [7]

Industry Overview - The Zacks Airline industry is involved in transporting passengers and cargo globally, with operators maintaining a fleet of mainline jets and regional planes [3] - The industry includes both legacy carriers and low-cost airlines, and its performance is closely tied to the overall economy [3] - Air travel demand has improved significantly from pandemic lows, indicating a recovery trend [3] Current Market Conditions - The gradual de-escalation of the Israel-Iran conflict has led to a decline in oil prices, positively impacting airline fuel costs [1][9] - The average jet fuel cost is projected to decrease to $86 per barrel in 2025 from $99 per barrel in 2024, contributing to a lower total fuel bill of $236 billion in 2025 compared to $261 billion in 2024 [8] - Despite low fuel costs, airlines are facing increased labor costs due to a post-COVID-19 labor shortage, which is affecting their bottom-line growth [10] Financial Performance and Projections - The International Air Transport Association (IATA) forecasts total airline revenues to reach $979 billion in 2025, with passenger revenues expected to hit $693 billion, marking a 1.6% increase from 2024 [4] - A record 4.99 billion passengers are anticipated to travel globally in 2025, representing a 4% increase from 2024 [4] - The Zacks Airline industry has outperformed the S&P 500, returning 22.7% over the past year compared to the S&P 500's 9.6% rise [14] Shareholder Returns - Airlines are increasingly returning cash to shareholders through dividends and buybacks, reflecting financial strength and confidence [5] - Delta Air Lines has approved a 25% dividend hike, raising its quarterly cash dividend to $0.75 from $0.60, to be paid on August 21, 2025 [6][7] Investment Opportunities - LATAM Airlines is experiencing strong air travel demand, with a 3.6% increase in passengers in Q1 2025 compared to the same period in 2024, and a 28.8% upward revision in earnings estimates [22] - Copa Holdings is benefiting from regional economic expansion and has consistently beaten earnings estimates, with upward revisions of 6.3% and 4.5% for current and next-year earnings, respectively [26][27] - SkyWest has gained 7.5% over the past three months, with a 3.5% upward revision in earnings estimates for 2025 [31]

Core Insights - The April 2025 freight volumes decreased by 0.7% compared to 2024, with a more significant decline of 2.5% when adjusted for route changes [1][6] - Passenger volumes in April 2025 saw a notable increase of 15.1% compared to 2024, primarily influenced by the Easter holiday timing [4][6] - The total transported freight lane metres for the last twelve months increased by 4.6% to 41.4 million from 39.6 million in the previous year [3][6] Freight Volume Analysis - North Sea volumes were lower than 2024, mainly due to a decline in automotive volumes between Germany and the UK [2] - Mediterranean volumes exceeded 2024 levels, driven by a shift of road volumes to ferry and a capacity increase between Tunisia and France [2] - Baltic Sea volumes were down due to a temporary capacity reduction on one route, while Strait of Gibraltar volumes were above 2024 [3] Passenger Volume Analysis - The number of passengers in April 2025 was 432,000, reflecting a 15.1% increase compared to 2024, with a year-to-date growth rate of -3.2% [4][6] - The number of cars transported in April 2025 was 13.0% higher than in 2024, adjusted for route changes [4] - Over the last twelve months, the total number of passengers increased by 15.9% to 5.9 million compared to 5.1 million in the previous year [4][6] Company Overview - DFDS operates a transport network in Europe with an annual revenue of DKK 30 billion and employs 14,000 full-time staff [8] - The company provides ferry, road, and rail transport services, along with complementary logistics solutions [8] - DFDS was founded in 1866 and is headquartered in Copenhagen [8]

TRADING UPDATE Irish Continental Group plc ("ICG" or "the Group") issues this trading update which covers carryings for the year to date to 3 May 2025 and financial information for the first four months of 2025, i.e. 1 January to 30 April with comparisons against the corresponding period in 2024. All figures are unaudited. Volumes (Year to date, 3 May 2025) | | 2025 | 2024 | Change vs | | --- | --- | --- | --- | | | | | 2024 | | Cars | 140,800 | 151,500 | (7.1%) | | RoRo Freight | 259,400 | 260,900 | (0.6%) ...

Group 1: Passenger Transport - AS Tallink Grupp transported 416,468 passengers in April 2025, marking a 4.5% increase from 398,508 passengers in April 2024 [1] - The Finland-Sweden route saw 103,670 passengers, an increase of 8.9% from 95,166 passengers in April 2024 [1][2] - The Estonia-Finland route recorded 268,060 passengers, up 4.3% from 256,978 passengers in the same month last year [1][3] - The Estonia-Sweden route had 44,738 passengers, a decrease of 3.5% from 46,364 passengers in April 2024 [1][4] Group 2: Cargo Transport - The number of cargo units transported decreased by 34.1% to 21,889 units in April 2025, down from 33,228 units in April 2024 [1] - The Finland-Sweden route experienced a significant drop of 42.6% in cargo units, from 4,200 to 2,412 units [1][2] - The Estonia-Finland route also saw a decline of 36.5% in cargo units, from 25,348 to 16,107 units [1][3] - The Estonia-Sweden route had a smaller decrease of 8.4%, with cargo units falling from 3,680 to 3,370 [1][4] Group 3: Passenger Vehicles - The number of passenger vehicles transported increased by 9.9% to 59,770 units in April 2025, compared to 54,380 units in April 2024 [1] - The Finland-Sweden route saw a notable increase of 25.0% in passenger vehicles, rising from 3,469 to 4,335 [1][2] - The Estonia-Finland route recorded an 8.1% increase, with passenger vehicles rising from 49,223 to 53,228 [1][3] - The Estonia-Sweden route experienced a significant increase of 30.7%, with passenger vehicles rising from 1,688 to 2,207 [1][4] Group 4: Other Events - The charter agreement for the cruise ferry Silja Europa was extended until January 31, 2026, with an option for an additional 6+6 months [5]

2025年"五一"假期旅游市场热度持续攀升。国铁集团预计，五一假期运输8天时间里，全国铁路将发送 旅客1.44亿人次，同比增长4.9%。今年"五一"假期，为应对客流高峰，国铁集团计划日均开行旅客列车 超1.2万列，并通过动车重联和夜间高铁增加运力。携程网数据显示，"五一"期间游客出行距离呈现显 著延伸，跨市住宿订单占比已突破80%。途牛旅游网的数据显示，全国"五一"团期预订人次环比上周增 长高达220%。(央视新闻) ...

COMPANY ANNOUNCEMENT no. 18 - 30 April 2025 Following completion of the share capital reduction announced on 23 April 2025, the total number of voting rights and the total share capital in DFDS A/S as of today are as follows: Share capital, DKK: 1,124,310,980Number of shares: 56,215,549 Number of votes*: 56,215,549 *Each share of nominally DKK 20 carries one vote at the general meeting. Treasury shares are included in the numbers above. According to S. 32 of the Danish Capital Markets Act, DFDS A/S is requ ...