There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of…
Short sellers sharply increased their bets against big US banks based on data from the NYSE as of May 30. The number compare with those onMay 15. Short interest in Washington Mutual…
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for…
Reports are that the heated merger talks between United (UAUA) and US Air (LCC) have gone away. Both airlines are probably still talking to AMR (AMR), Continental (CAL), and any other puddle-jumper…
The major US airlines can no longer get "net 30 days" as credit terms, or any terms at all. Fuel companies want cash. They do not want to end up holding the…
Douglas A. McIntyre Based on several pieces of analysis, the US airline industry will lose over $7 billion this year. If jet fuel stays high and a recession cuts passenger counts, the figure could go…
According to Reuters, the Fed lower growth expectations and noted rising inflation. Reuters writes that AMR (AMR) will sharply cut the number of routes its serves and take certain planes out of…
AMR (AMR) falls after saying it will cut service to save money. Down to $6 from 52-week high of $29.32. US Air (LLC) drops as oil spikes and investors fear huge losses…
AMR Corp. (NYSE: AMR), the parent of American Airlines, has announced some sweeping changes at its annual meeting of shareholders today. More importantly than just how this affects AMR, these changes will…
Douglas A. McIntyre Soleil has downgraded the airlines industry from "outperform" from "neutral". The call is not only about six months late, the downgrade should be to "sell". The firm did have the sense to…
In a move that should be imitated by large US carriers like AMR (AMR), Delta (DAL), and Northwest (NWA), British Airways will ground part of its fleet to save money because of…
AMR (AMR), parent of American Airlines, decided to skip inspections on certain of its airplanes due mostly to cost issues. The aircraft in question were suspected of being hit by lightening. American…
Douglas A. McIntyre According to Reuters, Carl Ichan will fight to get Yahoo! (YHOO) to accept Microsoft’s (MSFT) bid. Reuters writes that the Senate has reached an agreement on a housing rescue. Reuters reports that…
With the huge amount of debt on airline balance sheets and rising fuel costs, the big carriers may have trouble meeting their debt service or loan covenants. United (UAUA) has over $7…
Douglas A. McIntyre According to Reuters, bank analysts are concerned that Citigroup’s (C) decision to raise money signals more trouble ahead for banks. Reuters reports that Starbucks (SBUX) will sharply cut the number of stories…
