12:13pm ET
Energy
Airline Stocks Become Reverse Proxy For Oil Again
The first week of May, crude moved around just over $50. Today it traded just above $69, a 38% increase over that period. Airline stocks have reacted badly to the news. No…
Companies
/Industrials
Delta Air Lines Inc
DAL Coverage
Page 473:02am ET
Investing
Media Digest 6/9/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: China must balance growth and reducing greenhouse gases. Reuters: The Supreme Court has delayed Chrysler’s Chapter 11. Reuters: The US will allow 10 banks to repay TARP funds. Reuters: The Boston…
4:26am ET
Transportation
The New Case For Airline Bankruptcies: $9 Billion Annual Loss
The International Air Transport Association has doubled its estimates for global airline industry losses compared to its figure of three months ago. That presages another round of carrier bankruptcies similar to these in…
3:00am ET
Investing
Media Digest 6/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: 3D is bringing a new dimension to the computer world. Reuters: The Supreme Court was asked to block Chrysler sale. Reuters: China bankers called for US sales of yuan bonds. Reuters: …
2:41am ET
Media
Media Digest 4/22/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Yahoo!’s (YHOO) profit dropped 80% and it will cut 5% of staff. Reuters reports that Chrysler bondholders offered to swap some debt for equity. Reuters reports that Geithner says…
2:56am ET
Media
Media Digest 4/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, some members of Congress were unhappy with Defense budget cuts. Reuters reports that Americans are more optimistic about the economy since Obama came into office, according to a New…
4:44am ET
Transportation
After Brief Respite, Airline Industry Is Heading Back Down
Last summer, the airline industry looked like it was heading toward another rash of bankruptcies. Fuel costs were at record levels because of $147 oil. The economic slowdown was already reducing passenger…
2:57pm ET
Investing
The New Layoff Kings: Thirty Companies Fire 173,000 People
Continuing jobless claims rose by 159,000 in the week ended Jan. 17 to a seasonally adjusted 4.78 million, the most since the government’s records began in 1967. The number of unemployed people…
6:11am ET
Transportation
With Fuel Concerns Receding, Airlines Face Revenue Drop (AMR)(DAL)
The airline industry keeps drawing the short straw. A year ago, the carriers were being pounded by high jet fuel price due to rocketing crude. Now the price of oil is down…
11:08am ET
Investing
The 24/7 Wall St. Chapter 11 Watch (SIRI)(GM)(CHTR)(MNI)(F)(NYT)(BAC)(C)(MOT)(AMD)
From time to time, the editors at 24/7 Wall St. will look at which companies may file for Chapter 11 bankruptcy protection over the next year. The analysis involves looking at SEC…
7:54am ET
Transportation
Jet Fuel Price Drop Gives Airlines Some Room? No (AMR)(DAL)(UAUA)
Jet fuel prices dropped in November as did passenger traffic. Just this last summer, people were flying but the cost of fuel was pushing big carriers toward bankruptcy. Fuel prices were such…
9:06am ET
Transportation
With Oil Prices Dropping Are Airline Mergers Smart?
With oil prices dropping, the cost of jet fuel is down by more than 50%. That makes the rush to merge airlines which accelerated earlier this year look like an idea whose…
Douglas A. McIntyre 4:00am ET
Transportation
Airline Bankruptcies: A Great Tradition (DAL)(LCC)(CAL)(UAUA)
One of the recurring themes found in the history of the airline industry is the ability of carriers to go into Chapter 11 often emerging with little debt and fewer employees. Aloha…
2:51am ET
Media
Media Digest 10/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules. Reuters writes that improvements in…
2:42am ET
Media
Media Digest 10/16/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Swiss banks are getting large amounts of capital to fight the global credit crisis. Reuters reports that AIG (AIG) is lobbying to loosen government oversight rules. Reuters reports that…