Search Results for: AMRS
Source: AMRAMR Corporation (AAMRQ) has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the disclosure statement for the company’s reorganization plan....
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With the huge amount of debt on airline balance sheets and rising fuel costs, the big carriers may have trouble meeting their debt service or loan covenants. United (UAUA) has over $7 billion in...
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Source: AMRAMR, parent of American Air, wants to cut 13,000 jobs, lower pay for other workers, void airplane leases and cut creditor obligations. Delta (NYSE: DAL) and US Air (NYSE: LCC) want to buy...
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The three major US equities indexes opened higher this morning as traders react to the failure of the proposed Greek debt swap deal. The DJIA is down about 103 points at about 12,787, the Nasdaq...
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Source: ThinkstockFederal approval of the potential merger between U.S. Airways Group Inc. (NYSE: LCC) and bankrupt AMR likely will hinge on what the carriers are willing to give up. Antitrust...
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Progenics Pharmaceuticals (PGNX) Clinical trials fail. Drops to $4.33 from 52-week high of $27.59. Divx Inc (DIVX) Bad 2008 forecast. Shares sell off to $6.12 from 52-week high of $23.76. Immucor...
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Source: AMRIt is almost hard to believe, but AMR Corporation (NASDAQOTH: AAMRQ.PK) has proven to be profitable in the month of July. AMR has made an SEC Filing which discloses its Monthly Operating...
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AMR (NYSE: AMR), parent of American Airlines, will return to 100% service tomorrow after FAA-mandated inspections of it MD-80 fleet forced the cancellations of over 3,000 flights. AMR management has...
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AMR (AMR), parent of American Airlines, decided to skip inspections on certain of its airplanes due mostly to cost issues. The aircraft in question were suspected of being hit by lightening. American...
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Southwest Airlines Co. (NYSE: LUV) may be one of the few remaining profitable airlines. The company posted earnings this morning with a $34 million profit, or $0.05 EPS, and $0.06 EPS before...
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Source: ThinkstockThe controversial and pending merger of AMR Corp. (OTC Markets: AAMRQ) and US Airways Group, Inc. (NYSE: LCC) is looking more and more likely again. What has happened under the...
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Alitalia went belly up over the weekend. The causes were the same as for most recent airline failures. Fuel is too high, and do are debt-loads. Passenger traffic is being undermined by a slowing...
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The airline industry has periods when more big carriers seem to be in Chapter 11 than not. Another such period may not be that far off. Right now, the news about the industry centers around...
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