Transportation
Transportation Articles
AMR Corp. (NYSE: AMR) has come out with many projections today in a filing. The company is out at the Merrill Lynch Global Transportation Conference. Second quarter mainline unit revenue is...
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The original headlines are showing the huge losses at FedEx Corp. (NYSE: FDX), but this is actually because of charges over at Kinko’s as its reverts to the full FedEx center name and restructuring...
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US Air (LCC) became the latest airline to cut a lot of people and routes in the hope of cutting enough costs to stay afloat. It is a valiant move, but will probably not save the carrier. The market...
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Pinnacle Airlines Inc. (NASDAQ: PNCL) might as well have its wings clipped if you look at the news from this morning. Delta Air Lines, inc. (NYSE: DAL) has given notice of contract termination...
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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 of...
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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,...
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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...
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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...
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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...
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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 a carrier defaults and its...
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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...
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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...
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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 underwriting...
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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 a...
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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...
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