We’ve been watching the Baltic Dry Index, BDI, for a while now as it slides further and further down. The index, which measures freight rates for ships carrying commodity cargoes such as iron ore…
The Baltic Dry Index has just dropped for a 32nd straight day, the longest continuous drop in the index in nine years. The BDI measures daily shipping rates for dry bulk vessels that carry…
Is “growth” really returning to the airline industry? Based on almost daily press releases, airlines appear to be adding new destinations every week Analysis by AirlineFinancials.com shows most airlines are not adding any significant…
Seaborne shipping is experiencing a boom and bust period now as container shipping is having a difficult time meeting demand while dry bulk shipping continues its free-fall. The Baltic Dry Index, a measure of…
Since its introduction in 1982, the 767 from Boeing Co. (NYSE:BA) has accounted for sales of more than 1,000 planes. Recent discovery of cracks in the engine pylons, which attach the engine to the…
Spirit Airlines is currently closed down due to a strike by its pilots. The carrier announced today that the shutdown will continue at least through Thursday. The work stoppage could go on much longer.…
YRC Worldwide Inc. (NASDAQ: YRCW) is seeing much trading interest this morning after it confirmed prior expectations that the company will see positive adjusted EBITDA on a consolidated basis and positive operating income for…
A new survey from JD Power shows that consumer satisfaction with airlines in North America rose for the first time in three years. Almost 12,000 people responded to the poll which was done between…
The IATA, the industry’s trade group that represents 220 carriers, said that the sector will post a profit this year. The exception to the move into black ink will be Europe. The agency had…
As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity and global economy.…
Airline mergers always bring labor unrest. One of the purposes of industry marriages is to cut costs, and that almost always involves firing workers. The most important tool that airline workers have in the…
The Commerce Department released the most recent data on the highly volatile Durable Goods Report. The April reading showed a gain of +2.9% versus a Dow Jones estimate of only +2.2% expected. The devil…
By Robert Herbst AirlineFinancials.com estimates the nine largest US passenger airlines will end the 2nd quarter with over $1.4 billion in profits. This could increase to $1.8 billion if fuel prices remain at or…
The Eyjafjallajokull volcano erupted off and on from 1821 to 1823, the last time it was active. So, it should come as no surprise that the eruption in early April which effectively cut air travel…
The ash problems aloft over Europe created by an Iceland volcano worsened as the cloud from the eruption began to wander. When the same volcano erupted early in the 19th Century, it belched ash into the…