By the end of this week, AirlineFinancials.com LLC is projecting the seven largest US airlines will have collectively reported $1.8 billion in profits from $36.9 billion in revenue for the recent 3rd…
It seems impossible to believe that the profits of the global airline industry could be robust this year. But the The International Air Transport Association (IATA) revised its “global aviation outlook” higher,…
Halloween Spending Forecast Halloween may be one of the events that helps keep consumer spending at a reasonable level. BIGinsight conducted research for the National Retail Federation that found more than 71% of American…
American Airlines, whose parent AMR is in Chapter 11, will use that status, a staple of the industry, to send layoff notices to 11,000 workers. The people who receive the notices can…
U.S. Department of Transportation’s Air Travel Consumer Report for July is out. It grades, among other things, which airlines are most likely to have on-time arrivals. The data always gets a lot…
Trey Thoelcke July Air Travel Report U.S. Department of Transportation’s Air Travel Consumer Report for July is out. It grades, among other things, which airlines are most likely to have on-time arrivals. The data…
AMRBankrupt AMR Corp. and US Airways Group Inc. (NYSE: LCC) have announced that the two companies have entered a nondisclosure agreement (NDA), under which the companies have agreed to exchange certain confidential…
China’s official PMI hits a nine-month low in August. (Reuters) WellPoint Inc. (NYSE: WLP) CEO Braly steps down. (Reuters) General Motors Co. (NYSE: GM) to invest $1 billion in Russia within five…
JetBlue Airways Corp. (NASDAQ: JBLU) will not be one of the bidders for the assets of bankrupt AMR, parent of American Airlines. That does not leave the crippled airline without a suitor.…
Fast Corn Harvest Farmers are bringing in corn harvests as fast as possible. The trend will not help overall supply, except in the early part of the season. The shift in harvest…
AMRAMR Corp., the parent of American Airlines, is considering what its CEO calls the “attractive option” of a merger with smaller competitor US Airways Group Inc. (NYSE: LCC) as the company prepares…
OK, so maybe it pays more to be one of the companies that blew out the travel agent jobs than it does to own an airline. After all, Warren Buffett said to…
United Continental Holdings Inc. (NYSE: UAL) the Chicago-based parent of United Airlines, has reached a tentative agreement on a new labor contract with the Air Line Pilots Association. The pilots union had…
Trey Thoelcke Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Wednesday morning. Becton Dickinson and Co. (NYSE: BDX) cut to Underweight at JPMorgan. BMC Software…
Facebook Inc.’s (NASDAQ: FB) stock is hammered by earnings letdown. (Reuters) Samsung Electronic Co.’s earnings reach $5.9 billion mostly on smartphone sales. (Reuters) Barclays PLC’s (NYSE: BCS) profits rise sharply. (Reuters) The…
