DaveAlan Alaska Air Group ( ALK ) provided a guidance update after accounting for fuel costs that have increased materially due to sharply higher crude and refining prices. Despite what has become another challenging first-quarter operating environment in 2026, the airline company said it continues to execute well on its strategy and areas of the business within its control, with encouraging reven...
DaveAlan Alaska Air Group ( ALK ) provided a guidance update after accounting for fuel costs that have increased materially due to sharply higher crude and refining prices. Despite what has become another challenging first-quarter operating environment in 2026, the airline company said it continues to execute well on its strategy and areas of the business within its control, with encouraging revenue trends heading into the peak travel season. Unit revenue is tracking in line with prior expectations and capacity toward the high end of the previously guided range, up ~2%. However, the clear underlying demand strength that began in Q4 of 2025 and accelerated into the new year was noted to have recently been challenged by several external events. A demand pullback in Mexico due to unrest in Puerto Vallarta as well as severe rainstorms and historic flooding in Hawaii were major factors since they combine to represent ~30% of ALK's capacity. Impacts are being seen in both March and April, including during the peak West Coast spring break travel periods. Revenue trends across the rest of the network heading into Q2 were noted to be encouraging. Managed corporate demand remains a standout, with forward bookings over the next 90 days up more than 25% year over year. Held second quarter yields and load factors are also up year over year, with significant strength in May and June. With 55% of the quarter’s revenue still to come, Alaska Air ( ALK ) said it is well positioned for peak travel periods during its seasonally strongest quarter. In terms of fuel costs, Alaska Air ( ALK ) said its lowest-cost source of fuel typically comes from Singapore, which represents approximately 20% of its fuel supply. Those refining margins have surged ~400% since early February, from an average of ~$0.45 to ~$2.25 per gallon. As a result, the economic fuel price is now expected to average $2.90 to $3.00 per gallon, representing an incremental EPS headwind of at least ($0.70). Due to the impact...
We're at that moment in a stock-market retrenchment when investors begin to wonder whether the alarmists are the true realists. The persistent, if somewhat grudging, retreat has stretched to five straight weeks, taking the S & P 500 to a 9% decline from its peak two months ago, without quite triggering the sort of cleansing panic and indiscriminate liquidation that can set up a "close your eyes to...
We're at that moment in a stock-market retrenchment when investors begin to wonder whether the alarmists are the true realists. The persistent, if somewhat grudging, retreat has stretched to five straight weeks, taking the S & P 500 to a 9% decline from its peak two months ago, without quite triggering the sort of cleansing panic and indiscriminate liquidation that can set up a "close your eyes to the headlines and buy" setup. I continue to insist that investors have not been wrong to remain mindful of "upside risk" in the event the Iran conflict and energy shock were contained by a hasty declaration of victory by the White House. The market has been moving along a spectrum of probabilities running from "rapid de-escalation" on the bullish end to "hopeless quagmire" at the most desperate extreme. The longer the fighting and shipping disruptions last, the worse and more worrisome the cumulative impact becomes, and the more plausible the initial alarmist views about $200 crude oil and stagflation begin to seem. Because no one knows with clarity how things will proceed from here, handicapping the market becomes an exercise in watching for extreme conditions to develop that price in enough potential economic disruption to generate a cushion against further downside surprises. The collective conclusion of technical market observers is "Not quite yet." The S & P 500 has failed to hold several plausible support thresholds (the 100- and 200-day moving averages, the fourth-quarter low). The dogged short-term downtrend means that even a quick 4% relief rally — which could come at any time on the strength of a social-media post or fleeting downtick in energy prices — wouldn't turn the tide convincingly. Somewhat surprisingly, in the past, five-week losing streaks for the S & P 500 have been followed by poor near-term returns on average rather than forceful snapbacks, according to multiple such studies. As indexes go down, the burden of proof on the bulls goes up, even as the r...
Here are the biggest calls on Wall Street on Monday. UBS upgrades Adecoagro to buy from neutral UBS says the fertilizer and ag company is a beneficiary of the Middle East war. "We upgrade Adecoagro to Buy from Neutral and raise our PT to US$16.2/sh from US $8.0/sh..." HSBC upgrades Carnival to buy from hold HSBC says Carnival shares are trading at a discount. "While we think the current share pric...
Here are the biggest calls on Wall Street on Monday. UBS upgrades Adecoagro to buy from neutral UBS says the fertilizer and ag company is a beneficiary of the Middle East war. "We upgrade Adecoagro to Buy from Neutral and raise our PT to US$16.2/sh from US $8.0/sh..." HSBC upgrades Carnival to buy from hold HSBC says Carnival shares are trading at a discount. "While we think the current share price largely reflects fuel-related risk, we also think the market is underestimating the resilience of experience-led demand, the strong value proposition, and its fleet of mobile assets able to shift deployment according to demand." Read more. Oppenheimer reiterates Nvidia & Broadcom as outperform Oppenheimer says it's sticking with both stocks. "We remain bullish on the long-term outlook for semis, led by our AI-leveraged favorites: NVDA, AVGO, MRVL, and MPWR." Needham reiterates Netflix as buy Needham says the bull case for Netflix is coming on. "NFLX hit a high of ~$134/share on June 30, 2025, about 9 months ago. Last month (Feb 2026), NFLX hit a low of ~$75/share, when it was 'winning' the takeover battle for WBD. Today, NFLX shares have only rebounded to ~$93/share." Citizens initiates Live Nation as market outperform Citizens says shares of the company have plenty more room to run. " Live Nation monetizes demand for live experiences through multiple revenue streams generated from a single fan interaction." Citi initiates Voyager Technologies as buy Citi says it sees a "catalyst rich" 2026 for the stock. "We are initiating Buy/High Risk on shares of Voyager (VOYG) with a price target of $36, or 58% upside potential." Wolfe upgrades CrowdStrike to outperform from peer perform Wolfe says it sees a compelling entry point. "Anthropic's upcoming model release has the potential to ignite a machine speed cyberwar the likes of which we have never seen. We believe this could drive more vendor consolidation and tailwinds for CRWD, leading to ARR [annual recurring revenue] accelera...
The head of Hong Kong’s largest teacher training institution has urged all school governing bodies in the city to find a “way out” to handle dwindling student numbers. Professor John Lee Chi-kin, president of the Education University of Hong Kong (EdUHK), also said on Monday that schools should develop their own features and strengths, stressing that teacher training should not be ignored despite ...
The head of Hong Kong’s largest teacher training institution has urged all school governing bodies in the city to find a “way out” to handle dwindling student numbers. Professor John Lee Chi-kin, president of the Education University of Hong Kong (EdUHK), also said on Monday that schools should develop their own features and strengths, stressing that teacher training should not be ignored despite the falling numbers. His remarks follow an announcement by education authorities two weeks ago that...
BENGALURU, March 30 (Reuters) - India on Monday proposed changes to its IT law to make advisories and clarifications legally binding on internet platforms such as Meta, Google and X, the latest in a string of stricter compliance requirements for tech giants. Prime Minister Narendra Modi's government this year compressed the timeline for platforms to take down content flagged by authorities to...
BENGALURU, March 30 (Reuters) - India on Monday proposed changes to its IT law to make advisories and clarifications legally binding on internet platforms such as Meta, Google and X, the latest in a string of stricter compliance requirements for tech giants. Prime Minister Narendra Modi's government this year compressed the timeline for platforms to take down content flagged by authorities to three hours, from 36 hours previously, and has imposed new obligations around AI-generated content and deepfakes. Currently, the IT ministry's advisories to platforms - on issues ranging from deepfake labelling to content takedown practices - have functioned as guidance without explicit legal consequences.
Survivors of Hong Kong’s deadliest blaze in decades have mourned a woman who heroically knocked on neighbours’ doors to alert them to the flames but died in the tragedy, after fire alarms at Wang Fuk Court failed to go off. Pak Shui-lin’s husband, Sdanni Yip Ka-kui, and neighbour Lam Yin-ming, both Wang Tai House residents, praised the heroine for her kindness, but said that “she did not deserve t...
Survivors of Hong Kong’s deadliest blaze in decades have mourned a woman who heroically knocked on neighbours’ doors to alert them to the flames but died in the tragedy, after fire alarms at Wang Fuk Court failed to go off. Pak Shui-lin’s husband, Sdanni Yip Ka-kui, and neighbour Lam Yin-ming, both Wang Tai House residents, praised the heroine for her kindness, but said that “she did not deserve to suffer such a fate”. They made the remarks on Monday as they testified at the fifth session of an...