Boston, MA, 02/24/2014 – Southwest Airlines Co (NYSE:LUV) said on Friday that it will let the Washington’s Ronald Reagan National Airport’s two additional take-off and landing slots remain idle. To be noted, the Airline received the 54 carrier slots in November from American Airlines Group through a sale ordered by the U.S. Justice Department. Southwest Airlines Co (NYSE:LUV) received an additional 2 slots, which could be utilized only on Sundays, but the carrier does not have any plan to use them as of now. The U.S. Justice Department dropped a suit against the US Airways and American Airlines Group Inc. (NASDAQ:AAL) merger, after the two flyers agreed to sell nearly 104 of its slots at Reagan National along with other assets.
Denbury Resources Inc. (NYSE:DNR) missed both revenue and EPS estimate last week in its fourth quarter results. The independent oil and gas company missed the earnings per share estimate by 4 cents per share as it reported it at $0.27 per share. Similarly, revenue was also a miss, below $21.02 million at $596 million. According to the company, pressure on oil prices and higher operating costs led to a declined bottom line results. On top of this, the company’s guidance for 2014 too remains weak as the weather woes in the beginning of the year, Greencore Pipeline project delay and scheduled shutdowns will all weigh down on the production. With this, Denbury Resources Inc. (NYSE:DNR) anticipates the production in the range of 76,500–78,500 Boe/d for the year.
Appaloosa Management, a hedge fund opened a 0.63% position in the Halliburton Company (NYSE:HAL), an international oilfield company last quarter. Halliburton is counted among the second largest oilfield service company across the globe and is engaged in full-fledged servicing of the oil and gas industry throughout the life span of the reservoir. Halliburton Company (NYSE:HAL) witnessed solid growth in the year 2013 on account of strong international drilling as well as offshore activity, apart from better operational results in North America.