Reuters: Baclays (BCS) sold BCI to Blackrock (BLK) for $13.3 billion Reuters: WHO declared a flu epidemic Reuters: Congress bash Fed, Treasury, and B of A (BAC) on Merrill Reuters: US is…
All of the fuel-hedging, layoffs, capacity and route-cutting the airline industry did last year in an attempt to offset the rising price of fuel has gone for nothing. Delta (DAL) announced today…
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…
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…
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…
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: …
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…
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…
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…
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…
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…
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…
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…
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 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…