On Friday, Shares of American Airlines Group Inc. (NASDAQ:AAL), lost -6.99% to $39.63.
American Airlines customers can start booking travel this Sunday for the airline’s new flight between Los Angeles International Airport (LAX) and Sydney Airport (SYD). The new, nonstop route, which launches Dec. 17 and was declared in June as part of the projected improved joint business relationship with Qantas, expands American’s global network by adding a fifth continent and reinforces the strength of its world-class LAX hub.
“Expanding our global footprint to another continent is an important step for American as we continue to invest in our network to provide the best possible travel experience for our customers,” said Andrew Nocella, American’s chief marketing officer. “We are eager to start service to Australia with our flagship aircraft, the Boeing 777-300ER, which offers amenities and service that international travelers recognize as one of the best travel experiences in the industry.”
American Airlines Group Inc., through its auxiliaries, operates in the airline industry. As of December 31, 2014, the company operated 983 mainline jets, in addition to 566 regional aircrafts through regional airline auxiliaries and third-party regional carriers.
Shares of United Technologies Corporation (NYSE:UTX), declined -1.81% to $99.31, during its last trading session.
United Technologies Corporation declared that it has reached a contract to sell its Sikorsky Aircraft business to Lockheed Martin Corp. (LMT) for $9 billion in cash. The transaction, which is subject to regulatory approvals and customary closing conditions and adjustments, is projected to close by year-end or in the first quarter of 2016. Proceeds from the sale are predictable to be used to fund additional share repurchase to offset the earnings impact related to the sale.
“We are very happy to declare this transaction,” said UTC President and Chief Executive Officer Gregory Hayes. “Exiting the helicopter business will allow UTC to better focus on providing high-technology systems and services to the aerospace and building industries and to deliver improved and sustained value to our customers and shareowners.
“Sikorsky’s acquisition by Lockheed Martin, one of the world’s leading aerospace and defense companies, will ensure it remains a technology leader at the forefront of vertical lift,” Hayes added. “We are committed to working closely with Lockheed Martin to execute a seamless transition for customers and employees.”
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services.
Finally, Equifax Inc. (NYSE:EFX), ended its last trade with -0.09% loss, and closed at $100.04.
Equifax declared financial results for the quarter ended June 30, 2015.
“Equifax continues to benefit from our unique diversified business model, high levels of execution and new product innovation,” said Richard F. Smith, Equifax’s Chairman and Chief Executive Officer. “Interest in our Decision 360 solutions is getting stronger as New Product Innovation 2.0 and our Enterprise Growth Initiatives deliver new and compelling insights that assist our customers make better decisions. We anticipate a strong performance in 2015 and feel good about the outlook for 2016.”
Financial Results Summary
The company stated revenue of $678.1 million in the second quarter of 2015, a 10 percent enhance from the second quarter of 2014 on a stated basis and 14 percent in local currency. Diluted EPS attributable to Equifax was $0.92, up 23 percent from the second quarter of 2014. Adjusted EPS attributable to Equifax was $1.15, up 20 percent from the second quarter of 2014, after adjusting for an impairment in our cost method investment, an unanticipated income tax benefit, and acquisition-related amortization expense. Operating margin was 27.8 percent, up 50 points from the second quarter of 2014.
Equifax Inc. provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. The company’s U.S. Consumer Information Solutions segment offers consumer and commercial information services, such as credit information, credit scoring, credit modeling, locate, fraud detection and prevention, identity verification, and other consulting services.
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