Transportation Sector Review: Delta and US Airways Deal

US Airways Group, Inc. (NYSE:LCC): U.S. Airways reports its December revenue passenger miles hit 4.9B, up 3.6% Y/Y. At 6.0B, capacity was 2.2% higher Y/Y. With some simple math, the airline calculates a passenger load factor of 81.9%, a record for the company.

The shares closed at $5.47, up $0.44, or 8.75%, on the day. Its market capitalization is $886.75 million.

Delta Air Lines, Inc. (NYSE:DAL): Delta Air Lines and US Airways work out a strategic deal involving swapping landing slots at East Coast airports. DAL gives LCC 42 pairs of takeoff and landing slots at Washington’s Reagan Airport and $66.5M in cash in exchange for 132 slot pairs at LaGuardia. Though regulators forced the sale of some slots to other carriers, the deal is expected to strengthen each airliner at their respective target airport.

The shares closed at $8.33, up $0.32, or 4%, on the day. Its market capitalization is $7.06 billion.

Navios Maritime Hldgs (NYSE:NM): Recent recovery of the much-watched Baltic Dry Index can be summed up in three words, Navios Maritime president Ted Petrone says: “China, China, China.” With widespread speculation that the Chinese are just topping off their stockpiles, and with the country’s ports in bedlam, few believe the rally has much more juice.

The shares closed at $3.59, up $0.13, or 3.76%, on the day. Its market capitalization is $365.05 million.

Republic Airways Hldgs (NASDAQ:RJET): Republic Airways finishes the day up 4.2% after it says it generated 1.7B revenue passenger miles, up 2% from a year ago. Capacity decreased 2% however, to 2B available seat miles.

The shares closed at $3.61, up $0.13, or 3.74%, on the day. Its market capitalization is $174.38 million.

Gol Linhas Aereas (NYSE:GOL): Gol Linhas Aereas trades lower after Raymond James cut the shares to Market Perform earlier today, due to slower than anticipated improvement to its earnings.

The shares closed at $6.69, down $0.2, or 2.9%, on the day. Its market capitalization is $1.79 billion.

Ryanair Hldgs. plc (NASDAQ:RYAAY): Euro airline Ryanair drops after announcing it carried 7.25M passengers in September, a 6% Y/Y increase. Ryanair’s load factor, which represents its ratio of passengers to available seats, fell 1% Y/Y to 85%.

The shares closed at $27.87, down $0.8, or 2.79%, on the day. Its market capitalization is $8.16 billion.

J.B. Hunt Transport (NASDAQ:JBHT): J.B. Hunt announces a new repurchasement agreement of $500M on top of the $3M still existing under an old plan. The company also sets a $0.13/share quarterly dividend. Shares are in-line with other sector stocks today as the Dow Transports stand +4.7%.

The shares closed at $44.23, down $1.12, or 2.47%, on the day. Its market capitalization is $5.16 billion.

China Eastern Airlines (NYSE:CEA): Chinese airline stocks are taking it on the chin in premarket action even as domestic carriers look to keep up with competitors that are adding flights into Asian markets. China Eastern Airlines is down and China Southern Airlines (NYSE:ZNH) is off in sympathy.

The shares closed at $17.44, down $0.43, or 2.41%, on the day. Its market capitalization is $3.93 billion.