Last week, Apple (NASDAQ: AAPL) announced that it sold 35.1 million iPhones worldwide in the latest quarter. The figure is large, but not extraordinary. Some consumer products and consumer electronics companies sell…
Two of the US’s largest airlines reported earnings today, Delta Air Lines Inc. (NYSE: DAL) and US Airways Group Inc. (NYSE: LCC), and both showed a profit thanks to mark-to-market gains on…
Sunoco Inc. (NYSE: SU) has been shopping its two Pennsylvania refineries since late last summer with not a lot of interest from prospective buyers. That could be about to change. Last week…
A couple of weeks ago there were press reports that Delta Air Lines Inc. (NYSE: DAL) was contemplating the acquisition of one of three idled Eastern US refineries, with the most likely…
A federal judge approves a $25 billion mortgage misconduct settlement between the federal and several state governments and Bank of America (NYSE: BAC), Citigroup (NYSE: C), Wells Fargo (NYSE: WFC), JP Morgan (NYSE:…
In what has to be one of the dumbest notions ever, Delta Air Lines Inc. (NYSE: DAL) is reported to be considering buying an oil refinery. There are plenty for sale in…
AMRThe Airline Quality Report reached its 22nd anniversary when it was issued recently. Its rankings are based on an extremely complex system, but the outcome for 2011 was easily described: The Airline Quality…
Douglas A. McIntyre The unemployment rate of the eurozone reached 10.8% in February, up from 10.0% a year ago according to EuroStat. Unlike the in United States, the trend is in the wrong direction. The lowest…
AMRBloomberg reports that US Airways (NYSE: LCC) has approached unsecured creditors of American Airlines parent AMR about buying the airline as its leaves bankruptcy. AMR management says it plans for the carrier to…
The International Air Transport Association (IATA), the global airline industry association, warned in its annual forecast that the economy could hurt earnings of carriers around the world in 2012, particularly in Europe.…
US airlines are reporting their February traffic counts this morning, and the two we have so far have both shown increases. US Airways Group Inc. (NYSE: LCC) and Delta Air Lines Inc.…
Beginning January 1st, all airline flights to Europe were required to pay a carbon emissions fee for the full distance of any flight to or from the continent. The fee is based…
AMRAMR, parent of American Air, wants to cut 13,000 jobs, lower pay for other workers, void airplane leases and cut creditor obligations. Delta (NYSE: DAL) and US Air (NYSE: LCC) want to…
Douglas A. McIntyre A week ago there was a rumor that US Airways (NYSE:LCC) might buy American Air parent AMR out of Chapter 11 .The theory was that AMR would be able to cut costs through…
Douglas A. McIntyre Bloomberg reports that US Airways (NYSE: LCC) may make a merger bid for bankrupt AMR, parent of American Airlines. The action would make sense for several reasons. The first of these is…
