Reuters: The Senate was not able to reach consensus on the financial reform bill. Reuters: Heavy oil from the BP plc (NYSE: BP) rig came ashore in Louisiana. Reuters: Trading systems broke…
By Robert Herbst AirlineFinancials.com estimates the nine largest US passenger airlines will end the 2nd quarter with over $1.4 billion in profits. This could increase to $1.8 billion if fuel prices remain…
After the Continental Airlines, Inc. (NYSE:CAL) merger announcement with UAL Corporation (NASDAQ: UAUA) , something interesting happened in the sector. Suddenly the valuations seemed too high. Then the shares started selling off,…
Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today. Continental Airlines, Inc.…
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry’s trade association which has over 220 members, reported that carriers lost…
Reuters: The head of GM says taxpayers may get their entire investment back. Reuters: Obama will urge tougher rules on Wall St. Reuters: The CEO of Goldman Sachs Group (NYSE: GS) attacked…
Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since Friday, April 16 (losses for…
From the IATA (International Air Transport Association), an estimate of what the Iceland volcano is costing the airline industry per day–$200 million. The IATA represents 220 airlines comprising 93% of scheduled international air…
There are two opportunities for companies in the airline business to improve their prospects in troubled times. The first is bankruptcy and the other is M&A. US Air (LCC) and United (UAUA)…
The deal between American Airlines and JetBlue brings both of them unexpected financial advantages that help shareholder value
Reuters: Factories in China and India upped production last month. Reuters: Asian stocks hit and 11 month high. Reuters: General Growth filed a plan to exit bankruptcy. Reuters: Reviews praised the Apple…
Bob Herbst of Airlinefinancials.com exclusive special to 24/7 Wall St. Winners are: #1. American (AMR) and #2. JetBlue (JBLU) Losers are: Delta (DAL) and US Airways (LCC) with notable mention to Continental (CAL)
By Robert Herbst For 2009, the nine largest airlines accumulated just over $4 billion in net losses. 2008 wasn’t much better with a $3.5 billion loss. So far, 2010 projections show a $2.7 billion…
Reuters: BP (BP) bought Devon for $11 billion to get access to its oil fields. Reuters: Toyota (TM) give a Senate panel a memo from a union seeking better quality control. Reuters: …
By Robert Herbst, Airlinefinancials.com Last year, Delta (DAL), American (AMR), United (UAUA), and US Airways (LCC) collectively operated 85 billion less domestic seat miles than they did 6 years ago. This…
