On Monday, JetBlue Airways Corporation (NASDAQ:JBLU)’s shares surged 4.23% to $19.85, hitting its highest level, after competitor airline JetBlue Airways (JBLU) declared its March passenger traffic numbers.
JetBlue said that passenger proceed per accessible seat mile (PRASM) raised 8% in March. The airline anticipates its PRASM to raise by 4.5% in the first quarter of 2015, up from its previous guidance of a 3% to 4% raise in the quarter.
The airline said that total passenger numbers gres9.2% from the year-ago month to 3 million in March 2015. JetBlue’s departures raised 5.2% to 26,400 in the month of March.
JetBlue’s positive traffic numbers for March and its raise PRASM guidance for the first quarter assisted bring up shares of other airlines counting American Airlines.
JetBlue Airways Corporation, a passenger carrier company, provides air transportation services. As of December 31, 2014, the company operated a fleet of 13 Airbus A321 aircrafts, 130 Airbus A320 aircrafts, and 60 EMBRAER 190 aircrafts.
Trina Solar Limited (NYSE:TSL)’s shares gained 3.97% to $12.31, during the last trading session on Monday, after an integrated solar-power products manufacturer declared it signed a module supply contract with Toyo Engineering Corporation to supply about 116 MW high efficiency modules to the largest solar power project in Japan, an about 231-megawatt facility to be built in Setouchi City, Okayama Prefecture.
The project managed by special purpose company, Setouchi Future Creations LLC. will utilize about 446,000 pieces of Trina Solar TSM-260PC05A high efficiency modules. Toyo Engineering will build the solar photovoltaic power plant on 260 hectares (1,210 acres) of city land on the former Kinkai salt field. The project is predictable to reach commercial operations in the second quarter of 2019.
Trina Solar Limited operates as an integrated solar-power products manufacturer and solar system developer in the People’s Republic of China, Europe, the United States, and other Asia Pacific regions.
At the end of Monday’s trade, Capstone Turbine Corp. (NASDAQ:CPST)’s shares gained 3.74% to $0.6383, after Capstone Turbine declared that it has flattened its organizational structure to lower operating costs, raise adaptability in addition to foster more innovation and creativity.
The new organizational structure will eliminate three executive positions and will save the company an estimated $2 million annually in salaries equity, benefits, bonuses, and travel costs after payment of associated employee severance benefits.
As one part of the organizational change, Capstone’s Executive Vice President and Chief Financial Officer (CFO) Edward Reich will be leaving the company to seek other opportunities. Jayme Brooks has been newly promoted to Chief Financial Officer and Chief Accounting Officer from her long-standing role as the company’s Vice President Finance and Chief Accounting Officer as the two positions are being merged into one leadership role under the new structure.
Flat organizational structures feature less layers of administration where employees are more empowered and are predictable to take on a range of responsibility for what would be traditionally considered managerial decisions in their daily work routines. In flat organizations lower-level employees are often comprised of in the corporate aim-setting processes and are motivated to assist the company reach those aims. This shared process cultivates accountability, encourages better communication, promotes organizational flexibility and improves overall response times to meet project deadlines.
These types of organizations tend to be more adaptable, due to their smaller hierarchies and reduced bureaucracies. When front-line employees are empowered to make higher-level decisions on projects, for example, they can often craft their own unique operational solution without seeking the approval of upper administration, thus streamlining the workflow.
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide.
Finally, Coeur Mining, Inc. (NYSE:CDE), ended its Monday’s trading session with 3.65% gain, and closed at $5.40, as on April 6, Coeur Mining declared preliminary first quarter production of 3.8 million ounces of silver and 69,734 ounces of gold, or 8.0 million silver equivalent ounces.
Coeur will report its full operational and financial results for the first quarter 2015 on May 4, 2015 after the New York Stock Exchange closes for trading. There will be a conference call on May 5, 2015 at 11:00 a.m. Eastern time.
Coeur Mining, Inc., through its auxiliaries, engages in the ownership, operation, exploration, and development of silver and gold mining properties primarily in the United States, Mexico, Bolivia, Argentina, Australia, Ecuador, Chile, and New Zealand.
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