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LCC Articles
US Airways breaks off merger talks with UAL Corp. (Updated from MarketWatch at 10.50 AM EST) The IATA, the airline industry’s trade association which has over 220 members, reported that carriers...
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The cost of the Iceland volcanic eruption to airlines has reached $1.7 billion and it has risen at a rate of $400 million from April 17 to 19 period. Some of Europe’s largest airlines may be in...
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Robert Herbst, airline analyst and founder of AirlineFinancials.com, estimates the five US passenger airlines with European operations are collectively losing $35.8 million in revenue per day since...
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Updated throughout the day. The Carlyle Group is trying to sell United Components and hired Goldman Sachs to help find a buyer for the auto-parts firm. (Bloomberg) Prosecutors may be looking into...
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This weekend’s roster of the Unusual Suspects is back to earnings, although there are many other key stocks to watch out for this coming week. We did see a very brief hit of 11,000 in the DJIA in...
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Updated throughout the day. Bain and KKR plan IPOs for Toys ‘R’ Us, HCA, and NXP Semi (WSJ) Twitter will redesign its homepage. (AllThingsD) Continental (CAL) may push out US Air (LCC) as the...
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Reuters: The Fed once again pledged low interest rates. Reuters: If the yuan rises, the euro may be badly hurt. Reuters: Soda companies are hurt by the economy according to AlixPartners....
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We are seeing many significant news moves this morning. Today’s top day trader and active trader alerts have links to the news on each stock over at VSInvestor.com along with color and relative...
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Updated throughout the day. A senior member of a Goldman Sachs (GS) large hedge fund left the firm (Bloomberg) Zale is being pursued by three private equity operations which include TPG, Golden Gate...
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A merger between United Air (UAUA) and US Airway (LCC), which was recently rumored, would not create much of carrier compared to the BA merger with Iberia which was completed today. The new...
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Reuters: British Air and Iberia signed a merger deal. Reuters: US Airways (LCC) and United (UAUA) are in merger talks. Reuters: A Toyota (TM) executive warned about defects in January....
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There are two opportunities for companies in the airline business to improve their prospects in troubled times. The first is bankruptcy and the other is M&A. US Air (LCC) and United (UAUA) have...
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Reuters: Oil dropped as the dollar strengthened. Reuters: Samsung posted record profits. Reuters: Greece wants to amend its aid deal with Europe and not use IMF. Reuters: The US...
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Bob Herbst of Airlinefinancials.com exclusive special to 24/7 Wall St. Winners are: #1. American (AMR) and #2. JetBlue (JBLU) Losers are: Delta (DAL) and US Airways (LCC) with notable mention to...
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By Robert Herbst For 2009, the nine largest airlines accumulated just over $4 billion in net losses. 2008 wasn’t much better with a $3.5 billion loss. So far, 2010 projections show a $2.7 billion...
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