There has been one shipping company which has been largely immune to the woes of the shipping sector and the global economy. That is Nordic American Tanker Shipping Ltd. (NYSE: NAT). It has been…
Burlington Northern Santa Fe Corp. (NYSE: BNI) does not have a new shareholder. But Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK-A) did increase the size of the stake held in Burlington Northern. In another…
Jet fuel prices dropped in November as did passenger traffic. Just this last summer, people were flying but the cost of fuel was pushing big carriers toward bankruptcy. Fuel prices were such an issue…
With oil prices dropping, the cost of jet fuel is down by more than 50%. That makes the rush to merge airlines which accelerated earlier this year look like an idea whose time came…
______________________________________________________________Airline Industry 2009 Recovery – MAYBE – By Robert Herbst Only weeks ago due to the unprecedented rise in fuel costs, analysts were predicting doom for the airline industry. Today, crude oil is over…
Southwest Airlines Co. (NYSE: LUV) has announced its first efforts to go cross-border to our closest neighbor to the south. The discount airline carrier intends to build a codeshare partnership with Mexican carrier Volaris. …
One of the recurring themes found in the history of the airline industry is the ability of carriers to go into Chapter 11 often emerging with little debt and fewer employees. Aloha Air, ATA,…
It is no secret that shipping stocks have been horrible performers of late. In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip sector. …
AMR Corporation (NYSE: AMR) has posted a net profit of $45 million for the third quarter, which generated earnings at $0.17 EPS. Be advised that this gain does include sale gains and other items. …
There was an interesting Form 4 filed today with the SEC. Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A) has artificially added to his holdings of Burlington Northern Santa Fe Corp. (NYSE: BNI). On October 8,…
If you were against airline mergers, you might be preaching to the deaf now. Northwest Airlines Corporation (NYSE: NWA) has voted in favor its merger with Delta Air Lines (NYSE: DAL). Delta has also…
CSX Corp. (NYSE: CSX) is trading higher after the railroad operator increased its 2008 and long-term financial guidance. It sees Fiscal-2008 earnings of $3.65 to $3.75 per share, which is above its prior $3.40…
It looks like lower fuel prices are turning into net gains for transportation companies. Finally! FedEx Corporation (NYSE: FDX) has announced that it now expects to post earnings of $1.23 per share for the…
UAL Corporation (NASDAQ: UAUA) is seeing a major volume surge right before the open. We are seeing already some 300,000 shares trade hands with a gain of 7% to $11.76. This is a twofold…
UAL Corp. (NASDAQ: UAUA) shares were halted after what seemed to be a sudden and massive mystery stock tank to most observers. There were erroneous reports circulating that the legacy airline carrier was going…