10-09-2003, 08:09 AM
Join Date: Aug 2003
How's this for "yet more positive outlook for low cost carriers"? Zacks has reiterated AAI's "strong buy" rating, even at current 52-week highs:
10/09/03 - Buy List Highlights: AirTran Holdings, i2 Technologies, MBNA Corporation, and PETsMART |
CHICAGO, Oct 9, 2003 (BUSINESS WIRE) -- Zacks.com releases another list of stocks that are currently members of the coveted Zacks #1 Ranked list which has produced an average annual return of +33.6% since 1988 and has gained +13.3% annually since 2000 as the markets have been tumbling down. Among the #1 ranked stocks today we highlight the following companies: AirTran Holdings, Inc. (NYSE:AAI) and i2 Technologies, Inc. (NASDAQ:ITWO). Further they announced #2 Rankings (Buy) on two other widely held stocks: MBNA Corporation (NYSE:KRB) and PETsMART, Inc. (NASDAQ:PETM). To see the full Zacks #1 Ranked list or the rank for any other stock then visit. http://www.zacksrank1bw.zacks.com
Here is a synopsis of why these stocks have a Zacks Rank of 1 (Strong Buy). Note that a #1 Strong Buy rating is applied to 5% of all the stocks we rank:
AirTran Holdings, Inc. (NYSE:AAI), through its wholly owned subsidiary, AirTran Airlines, Inc., operates an affordable, no frills, limited frequency, scheduled airline serving short haul markets. Last week, AAI announced that passenger traffic, or revenue passenger miles (RPMs), was a record for the month of September. Based on RPMs, traffic grew by +37.6%, to 525.6 million RPMs, on an increase of +26% in capacity, based on available seat miles (ASMs). September's load factor reached 63.4% compared to 58% in September 2002. Third quarter figures will be released on October 22, 2003. Going back, in late July the company reported second quarter 2003 earnings, excluding special items, which beat both the consensus and the year-ago performance. Earnings estimates for this year and next have improved by approximately 4 cents and 2 cents respectively within the last week, with analysts expecting a +26% improvement in next year's earnings result over this year. AirTran Holdings has managed to weather the latest economic storms and looks to clearer skies ahead.