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…
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…
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…
According to Reuters, talks over a US bailout of banks broke down and will begin again today. Reuters reports that Washington Mutual (WM) became the largest bank failure in US history. Many…
If you were against airline mergers, you might be preaching to the deaf now. Northwest Airlines Corporation (NYSE: NWA) has voted in favor its merger with Delta Air Lines (NYSE: DAL). Delta…
The head of the International Air Transport Association thinks that the plight of the airline industry will get worse before its gets better. He believes that losses among carriers could hit over…
These are some of the top analyst upgrades and positive calls we are seeing this Tuesday morning: Alaska Air (ALK) Raised to Overweight at JPMorgan. AMR Corp. (AMR) Raised to Overweight at…
Not long ago daily media stories were predicting which major airline would be the first in line to fail. Las Vegas type odds were given to a list of inevitable airline bankruptcies.…
These are some of the top analyst Upgrades and positive calls we are seeing early this Friday morning: Boston Scientific (BSX) Started as Outperform at Piper Jaffray. Cabot Micro (CCMP) Raised to…
Stocks in a number of airlines rose over 40% last week with some, including AMR (AMR) moving up over 50%. The price of oil sold off sharply enough to warrant some of…
According to Reuters, the FBI is probing IndyMac (IMB) for possible fraud. Reuters reports that Ebay’s (EBAY) outlook knocked its shares down. Reuteres writes that Merrill Lynch (MER) will sell its Bloomberg…