NEW YORK, April 21, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Southwest Airlines Co. (NYSE: LUV), JetBlue Airways Corporation
(NASDAQ: JBLU), Alaska Air Group, Inc. (NYSE: ALK), Allegiant
Travel Company (NASDAQ: ALGT), and Republic Airways Holdings Inc.
(NASDAQ: RJET). Private wealth members receive these notes ahead of
publication. To reserve complementary membership, limited openings
are available at: http://www.analystsreview.com/1339-100free
--
Southwest Airlines Co. Analyst
Notes
On April 15, 2014, Southwest
Airlines Co. (Southwest Airlines) reported that it was named as the
Airforwarders Association's "Domestic Carrier of the Year" for the
fifth consecutive year, and the Express Delivery & Logistics
Association's (XLA) "Domestic Airline of the Year" for the
14th consecutive year, respectively. According to the
Company, the Association awarded the Company the aforementioned
awards in recognition of its on time performance, customer service,
problem resolution, claims, handling, technology support, service
options, and overall value. Matt
Buckley, Vice President of Cargo & Charters, said, "This
recognition is another sign of the incredible commitment our
operational team has toward consistently delivering the highest
quality of Customer Service. Our cargo sales and marketing team
compliments this effort by developing personal customer
relationships that we are known for at Southwest Airlines." The
full analyst notes on Southwest Airlines Co. are available to
download free of charge at:
http://www.analystsreview.com/1339-LUV-21Apr2014.pdf
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JetBlue Airways Corporation Analyst
Notes
On April 14, 2014, JetBlue Airways
Corporation (JetBlue Airways) announced that it will launch a new
route to Pittsburgh International
Airport (PIT) starting October 29,
2014, complementing the Company's existing route from
Pittsburgh to Boston Logan
International Airport. According to the release, following the
announcement, flights are on sale starting at $79 one way, purchased on or before April 15 and for travel between October 29 and December 17, 2014 on
Tuesdays, Wednesdays, and Saturdays, with blackout dates
November 20 to December 1, 2014). "Pittsburghers have asked for
a nonstop, year-round connection to Florida. With the introduction of this
service, customers will not only save time, but also save money as
this is traditionally a high-fare route. Besides access to
South Florida, this will also meet
the great demand for travels onwards to the Caribbean and Latin
America," said Robin Hayes,
JetBlue's President. The full analyst notes on JetBlue Airways
Corporation are available to download free of charge at:
http://www.analystsreview.com/1339-JBLU-21Apr2014.pdf
--
Alaska Air Group, Inc. Analyst
Notes
On April 9, 2014, Alaska Air
Group, Inc. (Alaska Air Group) announced that it will offer its
Alaska Airlines Mileage Plan's double frequent flier miles rewards
program for travellers flying to and from Seattle, helping customers achieve their next
award trip even faster. Plan members who availed the program can
earn double miles upon travel until December
31, 2014 from Seattle to
the following cities: Anchorage,
Alaska; Las Vegas;
Los Angeles; Oakland, California; San Diego; San
Francisco; San Jose,
California and Vancouver, British
Columbia. The Company added that, plan members with
elite-level status can earn as little as 20,000 miles a year for
travel. The Company informed that it will also offer double miles
program for non-members for travel between June 1, 2014 to September
1, 2014, from Seattle and
Fairbanks and between Seattle and Juneau. According to the release, terms and
conditions apply for both rewards program. The full analyst notes
on Alaska Air Group, Inc. are available to download free of charge
at:
http://www.analystsreview.com/1339-ALK-21Apr2014.pdf
--
Allegiant Travel Company Analyst
Notes
On April 14, 2014, Allegiant
Travel Company (Allegiant) announced that it has pre-paid the
Company's $125 million senior secured
term loan facility which was scheduled to mature in March 2017. The Company informed that it borrowed
$45.3 million from Wells Fargo bank
which it combined with $76 million
internally generated cash in order to pay $121.3 million balance of the term loan.
According to the Company, post these deals, its total debt balance
will be $149 million. Maurice J. Gallagher, Jr., Chairman and CEO,
Allegiant Travel Company, said, "This decision allows us to
refinance more expensive debt and also provides flexibility to
maintain future fleet growth as well as return cash to
shareholders." According to the Company, the elimination of the
term loan freed 53 MD-80 aircraft of the Company as well as four
757 aircraft as collateral under the Wells Fargo Bank loan. The
full analyst notes on Allegiant Travel Company are available to
download free of charge at:
http://www.analystsreview.com/1339-ALGT-21Apr2014.pdf
--
Republic Airways Holdings Inc. Analyst Notes
On April 7, 2014, Republic Airways
Holdings Inc. (Republic Airways) announced that its Board of
Directors has authorized Company management to utilize up to
$75 million unrestricted cash in
buying back common shares, and/or early retire convertible debt
during the next 12 months. The Company informed that it may
repurchase up to $50 million common
shares, and early retire $50 million
of convertible notes, or any combination thereof utilizing the
$75 million. Commenting on the news,
Tim Dooley, Executive Vice President
and CFO, Republic Airways, said, "While the lack of additional
growth prospects is disappointing, our near-term financial outlook
will significantly improve. A reduction in forecasted operating
expenses for the remainder of 2014, combined with fewer dilutive
shares going forward, will have a meaningful positive impact on our
2014 earnings per share." The full analyst notes on Republic
Airways Holdings Inc. are available to download free of charge
at:
http://www.analystsreview.com/1339-RJET-21Apr2014.pdf
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