IPO FILING: Britannia Bulk Holdings (DWT)
Britannia Bulk Holdings Inc. filed to come public via IPO last night, although the range has already been set for the British shipping company. It plans to sell 8,333,333 shares in a price range…
Transportation
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Newest first · Page 59Continental Joins Capacity Cuts & Job Cuts (CAL, UAUA)
Continental Airlines Inc. (NYSE: CAL) announced that it plans to cut 3,000 jobs and that CEO and President will lower their salaries for the remainder of the year. As far as addressing capacity, Continental…
The Death Of Creative Destruction: Planes, Trains, And Automobiles (GM)(TM)(DAL)(NWA)(CAL)(AMR)
One of the most brilliant theories in business is that large companies are destroyed by more nimble competitors. Over time, the small companies become the large ones. The genius and capacity for quick decisions…
US Air (LLC), United (UAUA) On Again, Off Again Talks Are Off Again
The press alternates between reporting that United (UAUA) and US Air (LCC) are in merger talks one day, and not in merger talks the next. According to Reuters "United Airlines and US Airways have…
US Air (LCC) Walks From United (UAUA) Talks As The Wheels Come Off
Reports are that the heated merger talks between United (UAUA) and US Air (LCC) have gone away. Both airlines are probably still talking to AMR (AMR), Continental (CAL), and any other puddle-jumper with a…
As Some Airlines Move Toward Chapter 11, Fuel Suppliers Demand Cash (AMR)
The major US airlines can no longer get "net 30 days" as credit terms, or any terms at all. Fuel companies want cash. They do not want to end up holding the tank if…
AMR’s Sweeping Changes Could Set Industry Trends (AMR)
AMR Corp. (NYSE: AMR), the parent of American Airlines, has announced some sweeping changes at its annual meeting of shareholders today. More importantly than just how this affects AMR, these changes will likely set…
New Survey: Airline Passengers Hate Airlines
Sometimes surveys are unnecessary. The results are foregone and obvious. Saying that airline passengers hate the carriers that take them around for business and pleasure is plain to anyone who has boarded a plane…
IPO Filing: Vought Aircraft Holdings, Inc.
Vought Aircraft Holdings, Inc. filed late Friday to come public via an IPO in a securities sale of up to $250 million. Vought will take the proposed ticker of "VTC" on the NYSE. The…
IPO FILING: Safe Bulkers (SB)
Late Friday afternoon, a filing came from Safe Bulkers, Inc. for a proposed IPO of its shares. The company has applied for the ticker "SB" on NYSE. Pricing indications are 10 million shares in…
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…
American (AMR) Inspections: Gee, We Skipped Those Planes
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 reasons that…
Continental Unloading Copa Shares (CPA, CAL)
Copa Holdings, S.A. (NYSE: CPA) announced today that it has filed a registration statement for a proposed offering of 3,977,300 Class A non-voting shares of Copa Holdings by selling shareholder Continental Airlines, Inc. (NYSE:…
Southwest Airlines Takes Down New $600 Million Loan (LUV)
Southwest Airlines Co. (NYSE: LUV) has disclosed in an SEC Fling that On May 6, 2008 the company entered into a term loan agreement with Citibank and seven European banks named as lenders to…
FedEx Can’t Stand $126 Oil (FDX, UPS)
FedEx Corporation (NYSE: FDX) came out after the close. Apparently $126 oil is a killer, like no one knew that. When it gave its last earnings warning it was based on fuel not rising…