Delta Air Lines (NYSE: DAL) is in an odd spot this morning. The company beat earnings and claims a gain before extraordinary items, yet it still had a wide loss on a…
Douglas A. McIntyre Gatehouse Media (GHS) Newspaper company down again. Falls to $1 from $19. Merrill Lynch (MER) More write-off fears. Sells off to $23.64 from 52-week high of $89.23. Citigroup (C) Bad Q2 on…
Citigroup’s (C) CFO says he see write-downs through the end of the year. The head of hedge fund Paulson & Co,says bank losses will hit $1.3 trillion. Write-downs at Lehman (LEH) and…
Today’s 52-week low list was full of some of the usual suspects, and you can count airlines as the top group of 52-week lows after that breather in oil prices did not…
Pinnacle Airlines Inc. (NASDAQ: PNCL) might as well have its wings clipped if you look at the news from this morning. Delta Air Lines, inc. (NYSE: DAL) has given notice of contract…
Douglas A. McIntyre There are the 24/7 Wall St. odds that several companies will have to file for Chapter 11 between now and the end of the year. These will become a permanent part of…
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for…
The press alternates between reporting that United (UAUA) and US Air (LCC) are in merger talks one day, and not in merger talks the next. According to Reuters "United Airlines and US…
Douglas A. McIntyre Reports are that the heated merger talks between United (UAUA) and US Air (LCC) have gone away. Both airlines are probably still talking to AMR (AMR), Continental (CAL), and any other puddle-jumper…
GE (GE) General malaise and concern that conglomerate structure does not work. Falls to $30.35 from 52-week high of $42.15. GM (GM) Auto industry woes get worse with high gas. Sells down…
Based on several pieces of analysis, the US airline industry will lose over $7 billion this year. If jet fuel stays high and a recession cuts passenger counts, the figure could go…
AMR (AMR) falls after saying it will cut service to save money. Down to $6 from 52-week high of $29.32. US Air (LLC) drops as oil spikes and investors fear huge losses…
In a move that should be imitated by large US carriers like AMR (AMR), Delta (DAL), and Northwest (NWA), British Airways will ground part of its fleet to save money because of…
According to Reuters, the head of strategy at Microsoft (MSFT) says it deal to acquire Yahoo! (YHOO) is over. Reuters writes that Toyota (TM) posted a 28% drop in profit due to…
The board and management of Continental Airlines (CAL) have decided that staying single is the best way of life. After long merger talks with United (UAUA), Continental has elected to go it…