By Robert Herbst After losing over $5 billion last year, the airline industry is now on course to lose a similar amount for 2009. This projected loss comes after the airlines will…
Reuters: The best investment for Chinese companies may be the nation’s own 1.3 billion person home market. Reuters: Japan’s Democrats took power. Reuters: Economists say there is no need for a second…
Reuters: Senator Edward Kennedy died at age 77. Reuters: The US Postal System is seeking 30,000 job cuts. Reuters: US housing and confidence data moved up. Reuters: White House and CBO debt…
Reuters: UBS (UBS) shares may fall when the Swiss government sells out. Reuters: The US deficit estimate was trimmed to $1.59 trillion. Reuters: A homeowner sued Wells Fargo (WFC) over a credit…
Airline analysts are worried that some US carriers will have to make huge cost cuts or face Chapter 11 filings later this year. The rising cost of jet fuel and precipitous dive…
Douglas A. McIntyre Reuters: The Chinese are learning the problem of easy access to credit cards. Reuters: The US recovery is still slow while France and Germany are rebounding. Reuters: UBS (UBS) clients in America…
Reuters: Banks paid out billions of dollars in bonuses last year while losing money. Reuters: The US closed its car “clunkers” program just as it began as funds ran out. Reuters: Obame…
Reuters: A tech alliance between China and Taiwas is hurting Korea. Reuters: Spple (AAPL) easily beat forecasts. Reuters: CIT (CIT) still faces a number of financial challenges. Reuters: Yahoo!’s (YHOO) outlook was…
AMR Corp. (NYSE: AMR) has some pretty disappointing figures, at least until you compare them to analyst expectations. AMR posted earnings of -$1.39 on a net basis and -$1.14 EPS on a…
Airline price wars are back, just when carriers cannot afford them. The price of jet fuel is up. Passenger traffic is down. Southwest (LUV) is offering fare as low as $30 one…
These are the top pre-market analyst upgrades and downgrades we have seen this Thursday. There are going to be fewer and fewer research notes from now to what is most likely Tuesday…
Reuters: The US outlined new financial market reforms. Reuters: Obama lobbied MDs on his new healthcare package. Reuters: Russia hosted the first BRIC summit. Reuters: B of A’s (BAC) BlackRock (BLK) stake…
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…