Airline companies have taken flight recently in spite of the October stock market sell-off, tremendous volatility, and global economic slowdown as crashing crude oil prices lower the cost of jet fuel for the industry. The accompanying table includes statistics for the ETFI Global Airline Index and short ETF proposal, which has still lost over 60% of its market value in the past year for the 30 lowest rated companies despite the recent bounce. Both the 30 lowest rated and all 50 companies have fared worse than the
Given the global economic slowdown, lower commodity prices, and cool-down in former red-hot grow markets such as China; the accompanying table presents statistics and an overview of a global transport short ETF strategy for passenger airlines, auto makers, maritime, and trucking companies.
While I am still bullish on the prospects for railroads as a long investment idea and a hedge to these short transport ETF ideas, they will also suffer to some degree depending on the length and depth of the s
A disciplined financial system may sound rather mundane to most people, but at US Air you get the same kind of reliability and flexibility service out of our aircraft using today's fleet work horse, the 737. The Boeing 737 provides the unbeatable cost economies and reliability you need to run a profitable low-fare airline.
Top 5 Companies by Market Cap Top 5 Companies by 52-Week Stock Price Decline
Shares of UAL (UAUA) were briefly halted for trading and grounded earlier today on a re-posted article from six years ago by the Florida Sun Sentinel newspaper on its website which stated the parent company of United Airlines had declared bankruptcy. Only the date was changed in the article from 2002 when United Airlines entered bankruptcy, which the Company emerged from in
US Airways Group Inc. ( LCC ): Chairman of the Board and CEO, Director W Douglas Parker Bought 197,000 Shares
The shares of airline operator, US Airways Group, Inc. ( LCC ), hit its 52-week low this week, as oil prices rise around $140s per barrel. LCC shares have lost 83% its value since the beginning of this year. According to analysts, the airline industry overall will cut capacity by 9% in 2008. Delta, Southwest, United Airlines increased their fares by $5 to $40.
Bill Miller increased his holdings by 34% to 5,361,700 shares as of 3/31/08.
UPGRADES:Goldman Sachs upgrades Washington Mutual Inc. (NYSE: WM) from Sell to Neutral, but lowers its price target from $5 to $4.Baird upgrades Gilead Sciences (Nasdaq: GILD) from Neutral to Outperform. Price target $57.Credit Suisse upgrades US Airways Group (NYSE: LCC) from Neutral to Outperform.BofA upgrades Pepsi Bottling Group (NYSE: PBG) from Neutral to Buy. For daily real-time Upgrades go to http://www.streetinsider.com/UpgradesDOWNGRADES:UBS downgrades Best Buy (NYSE: BBY) from Buy to Neutral.Morgan Keegan downgrades Buffalo Wild Wings (Nasdaq: BWLD) from Outperform to Market Perf...
JetBlue Airways Corporation (JBLU) is a passenger airline that provides customer service at low fares primarily on point-to-point routes. As of December 31, 2007, the Company served 53 destinations in 21 states, Puerto Rico, Mexico and the Caribbean. Most of its flights have, as an origin or destination, one of its focus cities: Boston, Fort Lauderdale, Long Beach, New York, or Washington, D.C. During the year ended December 31, 2007, JetBlue operated over 550 daily flights with a fleet of 104 Airbus A320 aircraft and 30 EMBRAER 190 aircraft. JetBlue maintains a fleet of two types of aircra...
StreetInsider.com Pre-Open Movers:Sciele Pharma, Inc. (NASDAQ: SCRX) 58% HIGHER; entered into a definitive agreement to be acquied by Shionogi & Co., Ltd. at a price of $31 per share, for a total equity purchase price of approximately $1.1 billion.Delta Air Lines (NYSE: DAL) 14% HIGHER; Airlines are higher on today's $7 drop in Crude after Hurricane Gustav was much less severe than expected. Other airlines: Northwest Airlines (NYSE: NWA), UAL Corp (NYSE: UAUA), AMR (NYSE: AMR), AirTran Holdings (NYSE: AAI), Continental Airlines (NYSE: CAL), Southwest Airlines (NYSE: LUV), Alaska Air (NYSE:...
You just can’t kill US Air. There is always another banking yutz looking for a fee. This time MerrillLynch.CON is banking this absolute piece of crap paper. Just in case you have been under a rock…US Air’s fuel bill is $2 billion annually may make this the worst band-aid financing ever.
I covered this short position a tad early in the $5’s a few months back, but I pulled it up today and smiled as I saw a $9 handle…WTF! PHEW. The stock has rallied from $2 and verge of bankruptcy and has raised $179 million (likely from Coca Cola or Planter’s Peanuts).
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