Airline Value Questions (CAL, UAUA, LCC, AMR, LUV, JBLU)
Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today. Continental Airlines, Inc. (NYSE: CAL) closed down 10.2% at $20.53 and…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Maybe it is the Iceland volcanic ash clouds, maybe it was the market, but more likely than not it was the state of airline mergers that crushed airlines today. Continental Airlines, Inc. (NYSE: CAL) closed down 10.2% at $20.53 and UAL Corp. (NASDAQ: UAUA) closed down 10.6% at $19.77. The ‘other merger candidate’ of US Airways Group, Inc. (NYSE: LCC) closed down over 7% at $6.86; and the current Big Kahuna AMR Corporation (NYSE: AMR) closed down 5.5% at $7.17. Even in the darlings… Southwest Airlines Co. (NYSE: LUV) was down 2.9% at $13.01 and JetBlue Airways Corporation (NASDAQ: JBLU) closed down 2.8% at $5.54 on the day.
What do you think about this merger between Continental and UAL? Take our survey here, results are anonymous and you get to choose one of the GOOD/BAD for each on what this means for consumers and what this means for investors.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
After the Continental Airlines, Inc. (NYSE:CAL) merger announcement with UAL Corporation (NASDAQ: UAUA) , something interesting happened in the sector. Suddenly the valuations seemed too high. Then the shares started selling off, then the…
ThinkstockThe proposed merger to create the largest airline is running into trouble. Reports were out that AMR Corp. (AAMRQ) is facing an unexpected regulatory situation regarding its merger (takeover of, actually) with U.S. Airways…
The airline industry was looking like it was all set for recovery just last week. Despite the economic softness, three different analysts were talking up the sector. It turns out that at least for…
Continental Airlines, Inc. (NYSE: CAL) may still be trying to score on its UAL Corporation (NASDAQ: UAUA) merger, but earnings season features almost every major airline next week. The news out of the earnings…
ThinkstockA number of press reports say that U.S. Airways Group Inc. (NYSE: LCC) will take over the airline operations of bankrupt AMR. The marriage of U.S. Airways and American Airlines would create one of the largest…
Continental Airlines, Inc. (NYSE: CAL) and UAL Corporation (NASDAQ: UAUA) have done what has been speculated upon many occasions. The two have announced a relative merger of equals, after talks between US Airways Group,…
ThinkstockDo winter storms really need to be named storms? In all honesty, this is something that from the eyes and ears of a financial news analyst looks and sounds a lot like an opportunity…
Today marks the game-changing merger of Continental and United and the two are one as United Continental Holdings Inc. (NYSE: UAL). America’s new #1 airline will have a long integration ahead of itself. Our…
If there is one industry which reacts immediately to higher oil prices and to global unrest, it is the airline sector. These are technically not new risks but these two issues are hitting the…