Oil had a really dismal May, losing roughly 17% and hitting under $87.00 per barrel for WTI Crude on Thursday. While this may not be good for oil barons, the airline industry is getting…
The International Air Transport Association (IATA) today released traffic data for April showing that total passenger demand rose 6.1% year-over-year, with international traffic up 7.4% and domestic traffic up 3.9%. Freight traffic…
Oil is tanking behind Europe, commodity inventories are up, and refineries are running at very high historic levels. And guess what, airplanes are full, fares are up, carriers are passing on endless…
Is the economy so weak that the summer and rest of 2012 will be punishing on the airline industry? Apparently not. Have you been to an airport and flown lately? Chances are…
A deal that first made it into public view less than a month ago has now been completed. Delta Air Lines Inc. (NYSE: DAL), through its wholly-owned Monroe Energy LLC subsidiary, has…
Last week, Apple (NASDAQ: AAPL) announced that it sold 35.1 million iPhones worldwide in the latest quarter. The figure is large, but not extraordinary. Some consumer products and consumer electronics companies sell…
Two of the US’s largest airlines reported earnings today, Delta Air Lines Inc. (NYSE: DAL) and US Airways Group Inc. (NYSE: LCC), and both showed a profit thanks to mark-to-market gains on…
The first quarter earnings reports will start to dribble out this week and expectations have been tempered in recent trading days ahead of Alcoa Inc. (NYSE: AA) on Tuesday afternoon. The stock…
Jon OggEarnings season is almost upon us for the first quarter of 2012. There is some growing caution over company expectations on the heels of a massive rally where the DJIA rose…
Markets opened lower this morning and didn’t recover. The ISM services index came in lower than expected (our coverage here) and the EIA report on crude oil inventories pushed crude prices down…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Wednesday. American International Group (NYSE: AIG) Raised to Outperform at Bernstein. Bazaarvoice Inc.…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday. Some of these calls are moving the shares this morning. Amazon.com, Inc.…
JCPenney’s (NYSE: JCP) former chief executive, Myron E. Ullman, III, was pushed out of the company. As a reward for an awful performance in his job, the the retailer’s board gave him a…
The Bureau of Transportation Statistics reported that 631 million people boarded domestic flights last year. Jet fuel costs were relatively low in 2011. That is no longer true. Americans who cannot afford…
Most U.S. banks do well on Fed stress tests, but Citigroup (NYSE: C) does poorly. (Reuters) The prime minister of China says the government will speed up economic reforms to cushion the economy.…
