AMRBankrupt AMR Corp. and US Airways Group Inc. (NYSE: LCC) have announced that the two companies have entered a nondisclosure agreement (NDA), under which the companies have agreed to exchange certain confidential…
China’s official PMI hits a nine-month low in August. (Reuters) WellPoint Inc. (NYSE: WLP) CEO Braly steps down. (Reuters) General Motors Co. (NYSE: GM) to invest $1 billion in Russia within five…
JetBlue Airways Corp. (NASDAQ: JBLU) will not be one of the bidders for the assets of bankrupt AMR, parent of American Airlines. That does not leave the crippled airline without a suitor.…
Fast Corn Harvest Farmers are bringing in corn harvests as fast as possible. The trend will not help overall supply, except in the early part of the season. The shift in harvest…
AMRAMR Corp., the parent of American Airlines, is considering what its CEO calls the “attractive option” of a merger with smaller competitor US Airways Group Inc. (NYSE: LCC) as the company prepares…
OK, so maybe it pays more to be one of the companies that blew out the travel agent jobs than it does to own an airline. After all, Warren Buffett said to…
United Continental Holdings Inc. (NYSE: UAL) the Chicago-based parent of United Airlines, has reached a tentative agreement on a new labor contract with the Air Line Pilots Association. The pilots union had…
Trey Thoelcke Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday morning. Becton Dickinson and Co. (NYSE: BDX) cut to Underweight at JPMorgan. BMC Software…
Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
Shares of United Continental Holdings Inc. (NYSE: UAL) fell Thursday morning after the company’s second-quarter financials missed analyst estimates. The stock is down 5.54% to $19.28. The 52-week low is $15.51. United’s net income was $339…
247sam The battle between management at bankrupt AMR and the management of US Airways (NYSE: LCC) about a possible takeover of the troubled carrier continues. Public comments by US Airways CEO Doug Parker…
The drought in the Southwest and Plains States has not gotten any better. Based on weather reports, it probably will get worse. The byproducts of the drought have worsened in the past…
By the end of next week, AirlineFinancials.com is projecting the seven largest U.S. airlines will have collectively reported $2.0 billion in profits from $37.1 billion in revenue for the second quarter. This will be a…
The three major US stock indexes opened lower this morning following yesterday’s release of the minutes of the June FOMC meeting which did not raise hopes for another round of Fed easing.…
We reported this morning that Boeing Co. (NYSE: BA) was expected to announce an order today for 100 of its new 737 MAX aircraft from United Continental Holding Co. (NYSE: UAL) as…
