By Robert Herbst Coming next month AirlineFinancials.com estimates US Airways (LCC) will report an all time record 3rd quarter profit of $225 million from $3.2 billion in projected operating revenue. This record high profit and…
Airlines that used to offer free baggage service and food now charge for those services along with almost everything else a passenger would want. Soon there will be a toll to go…
For the 2nd quarter 2010, the nine largest airlines collectively reported $1.86 billion in net profits on $31.7 billion in revenues (net profits exclude $713 million for special items). The Q2 revenue…
Starting with Monday’s 2nd quarter earnings release by Delta (NYSE: DAL) and ending on July 29thwith Southwest (NYSE: LUV),AirlineFinancials.com estimates the nine largest US airlines will report an accumulated $1.77 billion in…
Continental Airlines, Inc. (NYSE: CAL) may still be trying to score on its UAL Corporation (NASDAQ: UAUA) merger, but earnings season features almost every major airline next week. The news out of…
Is “growth” really returning to the airline industry? Based on almost daily press releases, airlines appear to be adding new destinations every week Analysis by AirlineFinancials.com shows most airlines are not adding…
Spirit Airlines is currently closed down due to a strike by its pilots. The carrier announced today that the shutdown will continue at least through Thursday. The work stoppage could go on…
Airline mergers always bring labor unrest. One of the purposes of industry marriages is to cut costs, and that almost always involves firing workers. The most important tool that airline workers have…
By Robert Herbst AirlineFinancials.com estimates the nine largest US passenger airlines will end the 2nd quarter with over $1.4 billion in profits. This could increase to $1.8 billion if fuel prices remain…
After the Continental Airlines, Inc. (NYSE:CAL) merger announcement with UAL Corporation (NASDAQ: UAUA) , something interesting happened in the sector. Suddenly the valuations seemed too high. Then the shares started selling off,…
Hewlett-Packard (NYSE: HPQ) sold off on news of trouble in Europe. The region is critical to the tech company’s sales. Citigroup (NYSE: C) shares also lost ground. There are concerns about how…
Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today. Continental Airlines, Inc.…
By Robert Herbst After only $99 million profit on $10.4 billion in revenues last year, the best Southwest NYSE: LUV) could do for the recent 1st quarter was a paltry $11 million profit…
Douglas A. McIntyre These are the top ten analyst upgrades, downgrades, and initiations seen in Wall Street research calls this Monday morning: Advance Auto Parts Inc. (NYSE: AAP) Cut to Neutral at UBS. Allergan Inc.…
By Robert Herbst For 2009, the nine largest airlines accumulated just over $4 billion in net losses. 2008 wasn’t much better with a $3.5 billion loss. So far, 2010 projections show a $2.7 billion…
