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…
Customers, employees, shareholders and taxpayers hate large corporations for many reasons. 24/7 Wall St. reviewed a lengthy list of corporations for which there is substantial research data to choose the 10 most…
The public and the press usually measure unemployment one month at a time as data from ADP and the federal government are issued. The jobs market can also be tracked in another…
TPG may invest $1 billion in troubled Olympus. (Reuters) President Obama to ask for a $1.2 trillion increase in the national debt ceiling. (Reuters) China’s foreign currency reserves drop to $3.18 trillion,…
US air carrier Delta Air Lines Inc. (NYSE: DAL) reported a -2.3% drop in passenger miles for the month of December. Total capacity declined -3.3% year-over-year. Earlier in the day US Airways…
Paul Ausick Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
Regional carrier Pinnacle Airlines Corp. (NASDAQ: PNCL) has said that the company has initiated a program to help it cut costs and raise liquidity. According to the company’s press release: Planned initiatives…
The recent bankruptcy filing by AMR Corp. (NYSE: AMR), parent of American Airlines, has put a damper on any enthusiasm there might have been among investors for US airlines stocks. A report…
Cost increases and flat cargo traffic are expected to cut airline profits in half in 2012, from $6.9 billion in 2011 to $3.5 billion in 2012. Profit margin is expected to fall…
This morning’s announcement by AMR Corp. (NYSE: AMR), parent of American Airlines, that it had filed for Chapter 11 bankruptcy protection appears to have pushed up the shares of competing US carriers.…
The news flow around the AMR Corporation (NYSE: AMR) filing for bankruptcy is rampant. Some say it was expected and others believe it was premature. The aim to work its cost structure,…
Southwest Airlines Co. (NYSE: LUV) is now sometimes considered a discount carrier and sometimes considered a legacy carrier, but it still has among the most loyal customer base and it seems to…
Each morning 24/7 Wall St. issues a list of some of the key analyst upgrades, downgrades, and initiations seen from Wall Street research firms. We review these and other calls from the week…
