BA To Gound Jets To Save Fuel (NWA)(DAL)(AMR)

In a move that should be imitated by large US carriers like AMR (AMR), Delta (DAL), and Northwest (NWA), British Airways will ground part of its fleet to save money  because of the rising cost of fuel.

According to The Times. “The airline would park its oldest, least fuel-efficient aircraft.”

Analysts are concerned that BA may loss money for the next two years. By taking some aircraft out of service the carrier could ameliorate some of that.

Wall St. may watch to see if big American companies have the sense to do the same thing. Most have debt loads large enough to move them toward Chapter 11, if fuel costs stay high and a rough economy hurts passenger traffic.

Douglas A. McIntyre


Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE

Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.