Transportation
Transportation Articles
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...
Published:
Last Updated:
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...
Published:
Last Updated:
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 issue...
Published:
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...
Published:
Alitalia went belly up over the weekend. The causes were the same as for most recent airline failures. Fuel is too high, and do are debt-loads. Passenger traffic is being undermined by a slowing...
Published:
Last Updated:
The head of the International Air Transport Association thinks that the plight of the airline industry will get worse before its gets better. He believes that losses among carriers could hit over $6...
Published:
Last Updated:
We are seeing something a bit unusual considering the current climate for airline stocks. US Airways Group, Inc. (NYSE: LCC) has announced today that it will sell 19 million shares of common stock...
Published:
Last Updated:
Not long ago daily media stories were predicting which major airline would be the first in line to fail. Las Vegas type odds were given to a list of inevitable airline bankruptcies. There should be...
Published:
Last Updated:
British Airways and AMR (AMR) may be closer to a deal which would allow them to operate their transatlantic businesses as one company. With AMR is deep financial trouble, and its stock down from a...
Published:
Last Updated:
In an 8-K filed with the SEC, JetBlue (JBLU) announced that CEO David Barger "voluntarily amended" his employment agreement to "reduce his base salary by fifty percent, from $500,000 per year to...
Published:
Last Updated:
Stocks in a number of airlines rose over 40% last week with some, including AMR (AMR) moving up over 50%. The price of oil sold off sharply enough to warrant some of the improvement in the shares....
Published:
Last Updated:
AMR Corporation (NYSE: AMR), American Airlines’ parent, reported a Q2 net loss of $1.4 Billion or -$5.77 EPS. Results include special charges of $1.1 billion non-cash accounting charges to write...
Published:
Delta Air Lines (NYSE: DAL) is in an odd spot this morning. The company beat earnings and claims a gain before extraordinary items, yet it still had a wide loss on a net income basis. The carrier...
Published:
United Parcel Service, Inc. (NYSE: UPS) is currently halted on NYSE trading. Big Brown decided it better follow the lead of FedEx Corp. (NYSE: FDX) and come clean with an earnings warning. You...
Published:
Arlington Tankers Ltd. (NYSE: ATB) has decided to review and evaluate the company’s strategic alternatives, with the hope of enhancing shareholder value. The company said its review will focus on...
Published: