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…
Continental Airlines Inc. (NYSE: CAL) announced that it plans to cut 3,000 jobs and that CEO and President will lower their salaries for the remainder of the year. As far as addressing…
Douglas A. McIntyre 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…
GE (GE) General malaise and concern that conglomerate structure does not work. Falls to $30.35 from 52-week high of $42.15. GM (GM) Auto industry woes get worse with high gas. Sells down…
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…
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…
Copa Holdings, S.A. (NYSE: CPA) announced today that it has filed a registration statement for a proposed offering of 3,977,300 Class A non-voting shares of Copa Holdings by selling shareholder Continental Airlines,…
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…
According to Reuters, oil price moved toward $120 on fear for supply interruptions. Reuters writes that Chrysler is trying to sell two of its North American plants. Reuters reports that many Wall…
The board and management of Continental Airlines (CAL) have decided that staying single is the best way of life. After long merger talks with United (UAUA), Continental has elected to go it…
Eos was an extremely odd duck of an airline. It flew only one route, from New York’s JFK to London. It was an all business class affair, but, with a recession in…
Ambac (ABK) Big loss for quarter. Falls to $3.08 from 52-week high of $96.10. Arrow Electronics (ARW) Drop off in first quarter profit. Sells down to $26.58 from 52-week high of $44.95.…
