The unemployment rate of the eurozone reached 10.8% in February, up from 10.0% a year ago according to EuroStat. Unlike the in United States, the trend is in the wrong direction. The lowest…
AMRBloomberg reports that US Airways (NYSE: LCC) has approached unsecured creditors of American Airlines parent AMR about buying the airline as its leaves bankruptcy. AMR management says it plans for the carrier to…
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.…
Southwest Airlines Co. (NYSE: LUV) is supposed to be one of the best airlines out there. It has a loyal customer base and it has a better safety record than many other…
The Fed is unlikely to act with bond purchases if February unemployment figures are good. (Reuters) Low inflation in China could drive banks there to ease capital requirements to increase credit access.…
The International Air Transport Association (IATA), the global airline industry association, warned in its annual forecast that the economy could hurt earnings of carriers around the world in 2012, particularly in Europe.…
US airlines are reporting their February traffic counts this morning, and the two we have so far have both shown increases. US Airways Group Inc. (NYSE: LCC) and Delta Air Lines Inc.…
The Dow Jones Transportation Average has risen just 7.7% in the past five years, and barely 3% in the past 12 months. Not exciting, that’s for sure, except for the ride to…
Beginning January 1st, all airline flights to Europe were required to pay a carbon emissions fee for the full distance of any flight to or from the continent. The fee is based…
The US Air Force is preparing a Request for Proposal (RFP) to acquire up to 18,000 tablet computers. The Apple Inc. (NASDAQ: AAPL) iPad 2 is among the contenders, as is the…
Customers, employees, shareholders and taxpayers hate large corporations for many reasons. 24/7 Wall St. reviewed a lengthy list of corporations for which there is substantial research data to choose the 10 most…
Zynga posts at the high end of its IPO range and will raise $1 billion. (Reuters) Congress reaches a tentative deal to keep the government open. (Reuters) Bill Gross’s PIMCO Total Return Fund…
Regional carrier Pinnacle Airlines Corp. (NASDAQ: PNCL) has said that the company has initiated a program to help it cut costs and raise liquidity. According to the company’s press release: Planned initiatives…
The recent bankruptcy filing by AMR Corp. (NYSE: AMR), parent of American Airlines, has put a damper on any enthusiasm there might have been among investors for US airlines stocks. A report…
