Research Library
Below is our research library, listed in reverse chronological order. Please use the search box to look for research on a specific company or topic, or use the Calendar, Archives, or Sector links at left to browse for research from a specific time period or sector. If you are a Wolfe Trahan client and can not access any of the links in our library, please contact ITSupport@WolfeResearch.com to request our PDF decryption plug-in.
HA: Investor update = higher EPS estimates
HA updated guidance Wed morning, and in it provided positive commentary on demand trends in 2Q, lower fuel guidance than we had in our model, but also higher non-fuel costs due to unanticipated engine overhauls. The net impact is a $0.04 benefit to our 2Q12 EPS estimate, which we actually just updated and published about an hour before this 8-K was filed.
Inside Airlines: Raising estimates on lower fuel… again
We lower fuel price assumptions across the board for our airline coverage given the continuing decline in spot prices. At the same time, we lower our PRASM growth estimates for our coverage universe, with the net impact of higher margins, EPS, and (when appropriate) target prices.
Research Library
- Coverage List
- Consolidated Research Library
- Airfreight & Surface Transportation Library
- Portfolio Strategy Library
- Quantitative Analysis Library
- Accounting & Tax Policy Library
- Auto & Truck Manufacturing Library
- Airlines Library
- Conference Calls
- Interactive Doh! Models
- Ed Wolfe Bi-Weekly Freight Update