Transportation
Transportation Articles
Airline analysts are worried that some US carriers will have to make huge cost cuts or face Chapter 11 filings later this year. The rising cost of jet fuel and precipitous dive in passenger traffic...
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It is easy to forget about the NetJets Inc. company…. Partly because of the recession, and partly because even fractional ownership of private jets has been vilified by the attack on wealth...
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The delays in the Boeing (BA) Dreamliner were bound to cause its customers to take actions against the airplane manufacturer and that has happened. The Wall Street Journal reports that British Air is...
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AMR Corp. (NYSE: AMR) has some pretty disappointing figures, at least until you compare them to analyst expectations. AMR posted earnings of -$1.39 on a net basis and -$1.14 EPS on a non-GAAP basis...
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CSX Corp. (NYSE: CSX) is showing exactly why Warren Buffett has been so pessimistic lately. Q2 2009 earnings were $308 million or $0.78 EPS. This is down from $385 million, or $0.93 EPS, a year...
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DryShips Inc. (NASDAQ: DRYS) is making an acquisition. The marine transporter for drybulk cargoes and off-shore contract drilling services will acquire the remaining 25% of the stake in Primelead...
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Airline price wars are back, just when carriers cannot afford them. The price of jet fuel is up. Passenger traffic is down. Southwest (LUV) is offering fare as low as $30 one way on short flights...
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It seems pointless to spend a lot of time proving that companies are more likely to go bankrupt during a recession. Margins are hurt by bad sales. Firms cannot easily get access to capital to tide...
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British Airways has announced it will cut its capital spending this year by another 20% to 580 million pounds. It is in the process of negotiating with its unions to significantly reduce jobs. ...
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Boeing Co. (NYSE: BA) has announced yet another delay to the 787 Dreamliner. The aerospace giant has announced that first flight of the 787 Dreamliner will be postponed due to a need to reinforce...
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All of the fuel-hedging, layoffs, capacity and route-cutting the airline industry did last year in an attempt to offset the rising price of fuel has gone for nothing. Delta (DAL) announced today that...
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The International Air Transport Association has doubled its estimates for global airline industry losses compared to its figure of three months ago. That presages another round of carrier...
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The International Air Transport Association says that its forecast that the world’s airlines will loss $4.7 billion this year appears to be much too low. Passenger and freight loads are still well...
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JetBlue Airways Corporation (NASDAQ: JBLU) has announced that it intends to offer some 20 million shares of common stock. It also plans to offer an aggregate of $150 million in convertible...
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DryShips Inc. (NASDAQ: DRYS) is seeing a surge of interest this morning after the company said it had completed its “ATM” financing of some $475 million in gross proceeds. Merrill Lynch acted...
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