Posted on: 2:58 pm, April 15, 2014, by Paul Choate, updated on: 03:05pm, April 15, 2014
RALEIGH, N.C. — A Delta Airlines MD-80 was diverted to Raleigh/Durham International Airport Tuesday afternoon.
The plane was traveling from Ronald Reagan Washington National Airport to Hartsfield–Jackson Atlanta International Airport when it was diverted due to a mechanical problem, according to WTVD.
The plane landed safely around 2:50 p.m.
Delta Flight 2339 was en route from Washington Reagan Airport to Atlanta Hartsfield – has landed safely http://t.co/uzljymBx0q— ABC11 WTVD (@ABC11_WTVD) April 15, 2014
BREAKING: Alert has been called at RDU after a Delta Airlines MD-80 reported a mechanical problem prior to landing abc11.tv/1jIrdAI— ABC11 WTVD (@ABC11_WTVD) April 15, 2014
NEW YORK (TheStreet) — I don’t ever remember airline stocks as momentum plays, but the seven we profile today are flying at elevated altitudes. Five are achieving parabolic orbits that will be difficult to sustain.
Lately it seems like airline stocks have been headed for the stratosphere, but they will likely return to “cruising altitude” — their 200-day simple moving averages — at some point this year.
We crunched the numbers to help you decide if and when to invest. Here are the profiles for seven airlines, and our two “Crunching the Numbers” tables follow.
Alaska Air
($90.81) is up 23.8% year-to-date, but is down 5.4% since setting a parabolic all-time intraday high at $95.98 on April 2. An early warning is that the stock is below its 21-day simple moving average at $91.67. The 200-day simple moving average is at $71.21.
The weekly chart is positive but overbought, with its five-week MMA at $88.20. This parabolic began in December 2009, when the stock moved above its 200-week SMA, now at $43.53. Quarterly and semiannual value levels are $86.98 and $71.68, with a monthly pivot at $92.91 and this week’s risky level at $99.23.
Delta Airlines
($33.51) is up 22% year-to-date, but is down 8.2% since setting a parabolic all-time intraday high at $36.52 on April 2. An early warning is that the stock is below its 21-day SMA at $34.21. The 200-day SMA is at $26.58.
The weekly chart is neutral, with its five-week MMA at $33.15. This parabolic began in December 2012 when the stock moved above its 200-week SMA now at $14.44. A quarterly value level is $31.77, with weekly and monthly risky levels at $35.30 and $36.39.
Hawaiian Air
($13.22) is up 37.3% year-to-date, but is down 10.4% since setting a parabolic all-time intraday high at $14.75 on April 2. An early warning is that the stock is below its 21-day SMA at $13.89. The 200-day SMA is at $9.10.
The weekly chart is positive but overbought, with its five-week MMA at $12.80. This parabolic began in July 2013, when the stock moved above its 200-week SMA now at $6.61. Monthly and quarterly value levels are $12.71 and $11.56, with this week’s risky level at $15.52.
JetBlue Airlines
($8.75) is up just 2.5% year-to-date, and is down 7.4% since setting its 2014 intraday high at $9.45 on Jan. 22. This airline is cruising above its 21-day and 50-day SMAs at $8.71 and $8.72, with its 200-day SMA at $7.70.
The weekly chart is neutral, with its five-week MMA at $8.70. Semiannual value levels are $7.89 and $7.39, with a quarterly pivot at $8.80 and monthly risky level at $9.53.
Southwest Air
($23.51) is up 24.8% year-to-date, but is down 3.8% since setting a parabolic all-time intraday high at $24.45 on April 2. An early warning is that the stock is below its 21-day SMA at $23.67. The 200-day SMA is at $17.65.
The weekly chart is positive but overbought, with its five-week MMA at $22.84. This parabolic began at the beginning of 2013, when the stock moved above its 200-week SMA now at $12.17. Quarterly and semiannual value levels are $21.81 and $16.98, with weekly and monthly risky levels at $24.45 and $24.53.
Spirit Airlines
($56.62) is up 24.7% year-to-date, but is down 11.4% since setting an all-time intraday high at $63.89 on March 25. An early warning is that the stock is below its 21-day SMA at $60.18. The 200-day SMA is at $42.79.
The weekly chart is neutral, with its five-week MMA at $55.93. A quarterly value level is $48.78, with monthly and weekly risky levels at $60.74 and $67.32.
United Continental
($43.31) is up 14.5% year-to-date, but is down 12% since setting a multiyear intraday high at $49.20 on Jan. 22. The cruising altitude has a base of $42.77 set on April 8, with the stock below its 21-day SMA at $45.00. The 200-day SMA is at $37.36.
The weekly chart is negative, with its five-week MMA at $44.19. Monthly and quarterly value levels are $42.99 and $42.57, with a weekly risky level at $44.30.
Crunching the Numbers with Richard Suttmeier: Moving Averages Stochastics
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This table provides the technical status for the stocks profiled in today’s report.
There are five columns with moving average titles: Five-Week Modified Moving Average, 21-Day Simple Moving Average, 50-Day Simple Moving Average, 200-Day Simple Moving Average and the 200-Week Simple Moving Average.
The column labeled 12x3x3 Weekly Slow Stochastics shows the pattern on each weekly chart with readings from Oversold, Rising, Overbought, Declining or Flat.
Interpretations: (Stocks below a moving average listed in red are below that moving average.)
Five-Week Modified Moving Average (MMA) is one of two indicators that define whether or not a weekly chart profile is positive, neutral or negative. The other is the status of the 12x3x3 weekly slow stochastic.
A stock with a positive technical rating is above its five-week MMA with rising or overbought stochastics.
A stock with a negative technical rating is below its five-week MMA with declining or oversold stochastics.
A stock with a neutral technical rating has a profile that is not positive or negative.
The 200-Week Simple Moving Average (SMA) is considered a long-term technical support or resistance and as a “reversion to the mean” over a rolling three to five year horizon. (Even Apple declined to its 200-week SMA in June 2013.)
The 21-Day Simple Moving Average is a short-term technical support or resistance used by many hedge fund traders to adjust positions. A stock above its 21-day SMA will likely move higher over a rolling three to five day horizon and vice versa.
The 50-Day Simple Moving Average is also a technical support or resistance used by many strategists and commentators in financial TV.
The 200-Day Simple Moving Average is another technical support or resistance and I consider this level as a shorter-term “reversion to the mean” over a rolling six to 12 month horizon. (Even Apple tested or crossed its 200-day SMA in nine of the last 10 years.)
Crunching the Numbers with Richard Suttmeier: Earnings and Where to Buy Where to Sell
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This table presents the levels at which to buy on weakness and where to sell on strength.
EPS Date is the day the company reports their quarterly results.
EPS Estimate is the earnings per share estimate from Wall Street analysts.
Value Levels, Pivots and Risky Levels are calculated based upon the last nine weekly closes (W), nine monthly closes (M), nine quarterly closes (Q), nine semiannual closes (S) and nine annual closes (A). I have one column for pivots, which is a magnet for the period shown. The columns to the left of the pivots are first and second value levels. The columns to the right of the pivots are first and second risky levels.
Note: Investors who wish to buy a stock should use a good-until-canceled GTC limit order to buy weakness to a value level. Investors who want to sell a stock should use a GTC limit order to sell strength to a risky level.
At the time of publication the author held no positions in any of the stocks mentioned.
frightening moments for passengers on a delta flight from atlanta to new york. tom, good morning.
reporter: good morning. that flight was bound for laguardia airport
last night but a mechanical problem led to an emergency landing
. you can imagine how scary it was when they landed and then saw the runway turn into grass. delta flight 886 took off from atlanta last night and was scheduled to land at laguardia airport
. the plane, carrying 123 passengers and crew had to divert to laguardia when they experienced low hydraulic pressure. they landed and came to stop on a grassy area just off the runway.
it was a little rough.
when they slowed down, it was a grating sound which made me nervous.
reporter: they needed to land at laguardia because it had a longer runway.
it’s a scary thought to think something might happen on your way down.
reporter: there were no injuries to any passengers or the flight crew
. they were later bussed to their original destination. i’m sure they were happy to be on a bus.
ATLANTA — A Lynnwood-based Islamic leader has filed a complaint with Delta Airlines after the frequent flyer says plane staff kicked him off a flight prior to takeoff for using the bathroom.
Syed Muhammad Abbace Ayleya has joined with the Washington state chapter of the Council on American-Islamic Relations (CAIR) to lodge a complaint with the Delta. According to CAIR, a Delta Airlines crew ordered him to leave a Atlanta to Toronto flight on March 8 because the way he “used the restroom” was objectionable.
An account of the incident released by CAIR alleges Ayleya, a Delta Platinum Elite member and religious scholar, boarded a flight from Hartsfield-Jackson Atlanta International Airport on his way to a fundraiser in Toronto. Mr. Ayleya boarded the plane for his first-class seat, set his bag down and used the plane’s forward restroom for about 4-5 minutes, CAIR
File Photo
said. He then took his seat and another passenger used the restroom as the plane continued boarding.
The plane began to taxi to the runway, Ayleya said, when it turned around and went back to the gate. A Delta employee boarded the plane and asked Ayleya, who was sitting in his first-class seat, if he could come with her. The two left the plane and the doors shut.
Ayleya asked the employee what was going on as she lead him to a ticket counter. The woman allegedly said plane staff complained the way he “used the restroom” was “doubtful” and his ticket was being rebooked the next day.
The airline declined to say why or whom found Ayleya’s use of the restroom objectionable, CAIR said. He was booked into a hotel for an extra night in Atlanta.
The rebooking caused Ayleya to miss a Toronto elementary school fundraiser, where he was slated to appear as the event’s keynote motivational speaker. The entire event was canceled when Ayleya couldn’t make the trip, CAIR alleges.
It is unknown if Delta has talked with Ayleya since the incident, or if the company is investigating the claims.
Ayleya works as a religious scholar and studies the Koran in Lynnwood, Wash.
Richard Anderson, CEO of Delta Airlines, and Sir Richard Branson, founder of the Virgin Group, discuss the future of the aviation business. Delta and Virgin recently announced a transatlantic joint venture. As more mergers and partnerships develop, what’s in it for the consumer?
It seems Delta Airlines Inc. (DAL) is reaping the benefits of its tie up with Virgin Atlantic as it is picking up in the New York-London travel route − one of the world’s popular itineraries. Looking back, in Jun 2013, Delta acquired a 49% stake in British carrier Virgin Atlantic from Singapore Airlines.
The deal received the approval of the Department of Transportation (DOT.V) in September the same year. The Atlanta-based premier U.S. passenger carrier currently carries a Zacks Rank #2 (Buy).
Both carriers are trying to complement each other’s services and are prioritizing customer convenience by aligning slots at London’s Heathrow airport. From Apr 2014, Delta will have 9 non-stop flights between New York and London. However, the figure lags 17 daily flights between the same route offered by American Airlines Group Inc. (AAL) and its partner British Airways.
Currently, the New York-London route is the most lucrative business opportunity for passenger carriers as executive are ready to pay high fares for last minute travels. Carriers are also enhancing air travel experience in the route with Wi-Fi and flat-bed convertible seats.
Owing to the enhanced presence in U.S. and Europe, Delta-Virgin passengers will have more flight options from New York and London. Delta’s improved schedule along with Virgin’s enhanced flight features is keeping it ahead of rival United Continental Holdings Inc. (UAL) in terms of market share. Delta’s expanded presence in New York airports like John F. Kennedy (:JFK) and LaGuardia (:LGA) is also helping it to gain a stronger foothold in the transatlantic route.
However, post its merger with U.S. Airways, American Airlines is striving to gain a greater share within the transatlantic route. American Airlines has renovated its fleet of The Boeing Co.’s (BA) 777-300 aircrafts for the route by installing separate cabins for first and business class passengers along with reclining seats and power outlets.
America Airlines also gains from British Airways’ extensive short-haul connectivity within Britain and Europe. Further, U.S. Airways’ strong corporate customer base in the eastern coast of U.S. will strengthen America Airlines’ corporate portfolio.
Thus, despite the transatlantic route boosting Delta’s passenger service revenues from the Atlantic region, the carrier has lesser market share than American Airlines. We believe Delta will have to increase its share to counter competition in the market.
) is reaping the benefits of its tie up with Virgin Atlantic as
it is picking up in the New York-London travel route − one of the
world’s popular itineraries. Looking back, in Jun 2013, Delta
acquired a 49% stake in British carrier Virgin Atlantic from
Singapore Airlines.
The deal received the approval of the Department of
Transportation (DOT) in September the same year. The
Atlanta-based premier U.S. passenger carrier currently carries a
Zacks Rank #2 (Buy).
Both carriers are trying to complement each other’s services
and are prioritizing customer convenience by aligning slots at
London’s Heathrow airport. From Apr 2014, Delta will have 9
non-stop flights between New York and London. However, the figure
lags 17 daily flights between the same route offered by American Airlines Group Inc.
Currently, the New York-London route is the most lucrative
business opportunity for passenger carriers as executive are
ready to pay high fares for last minute travels. Carriers are
also enhancing air travel experience in the route with Wi-Fi and
flat-bed convertible seats.
Owing to the enhanced presence in U.S. and Europe,
Delta-Virgin passengers will have more flight options from New
York and London. Delta’s improved schedule along with Virgin’s
enhanced flight features is keeping it ahead of rival United Continental Holdings Inc.
) in terms of market share. Delta’s expanded presence in New York
airports like John F. Kennedy (JFK) and LaGuardia (LGA) is also
helping it to gain a stronger foothold in the transatlantic
route.
However, post its merger with U.S. Airways, American Airlines
is striving to gain a greater share within the transatlantic
route. American Airlines has renovated its fleet of The Boeing Co.
) 777-300 aircrafts for the route by installing separate cabins
for first and business class passengers along with reclining
seats and power outlets.
America Airlines also gains from British Airways’ extensive
short-haul connectivity within Britain and Europe. Further, U.S.
Airways’ strong corporate customer base in the eastern coast of
U.S. will strengthen America Airlines’ corporate portfolio.
Thus, despite the transatlantic route boosting Delta’s
passenger service revenues from the Atlantic region, the carrier
has lesser market share than American Airlines. We believe Delta
will have to increase its share to counter competition in the
market.
(WFRV) – Delta Airlines is adding another nonstop flight from Green Bay to Atlanta.
The company says the additions comes because of strong demand for their nonstop flight service, as well as sold out flights. The new service will depart later in the afternoon, as opposed to the original flight, which departs in the early morning.
Passengers flying from Atlanta to New York City can finally enjoy a craft beer. On Thursday, SweetWater Brewing Company announced it’s partnering with Delta Airlines to send one of its beers 30,000 feet into the air along with the usual suspects (Corona, Heineken, Miller Lite, and Blue Moon). Starting tomorrow (April 1), SweetWater’s flagship brew, 420 Extra Pale Ale, will be available in its recently released can form on Delta’s 34 daily flights between Hartsfield-Jackson and New York’s LaGuardia Airport.
SweetWater Director of Marketing Steve Farace says that Delta apparently “had their ear to the ground,” and that when the brewery announced it was buying a canning line, the airline got in touch. In addition to the daily ATL-NYC runs, 420 cans will accompany passengers on trips to Denver from April 7-9, when beer lovers from all over the country are heading to the Craft Brewers Conference in The Mile-High City. That’s it for now, though.
“We’re starting with [these routes] to see how it goes,” Farace says. “Our hope is to grow it from there. We’ll sit back down with the folks at Delta this summer to look at adding other destinations.”
SweetWater, which was recently named the 19th largest craft brewery by volume in the country, will become only the third craft beer brand featured on Delta flights. The airlines East- and West-Coast shuttles stock Sam Adams and Sierra Nevada respectively. Farace is excited to keep the company of such big craft names, but more than that, he likes the local connection between SweetWater and Delta. “It was an organic fit to partner with a hometown airline – local brewery, local airline,” he says. “We don’t have plans to talk to other airlines at the moment.”
