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For 3Q16, based on current bookings and yields trends, $LUV expects RASM to decline 3-4% YoverY. Freight and other revenues are expected to increase from 3Q15 levels. $LUV expects fuel price per gallon to be approx. $2.05 for 3Q16 and 4Q16. This brings the full-year 2016 estimate to $1.90-1.95. 3Q16 CASM is expected to rise 2% YoverY.
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.