Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Quick Hits: Airlines Could Gain Altitude by 2009

By

Brief scrutiny of today's headlines.

PrintPRINT
Airlines apparently thought they'd find salvation in nickel-and-diming passengers for previously free services: Charging for pillows, for example, or for the privilege of checking that second suitcase.
Lower oil prices and flight cuts plus charging for services -- called "unbundling" in the airline industry -- could turn the industry around by 2009, The Wall Street Journal reports.
However, the Air Transport Association, a trade group based in Washington, DC, expects the industry to lose $7 to $13 billion in 2008.
Oil for September delivery fell to $113 a barrel on the New York Mercantile Exchange and recently fetched $114.55. That's down about 22% from the high of $147.27 reached on July 11.
On Monday, a report from China said the country's crude oil imports were down 7% from last year, suggesting that the economic slowdown in the US and Europe may be hitting Asia.
In general, airline stocks have been on the rise since oil futures started declining in mid-July.

Fewer flights will force travelers to scramble and help airlines boost fares - or at least reduce the availability of cheap seats.
Shares of US Airways (LCC) gained as much as 22% Monday before closing at $8.39 a share, up 5.4%.
United (UAUA) gained 16% before closing at $12.27 a share, up 10.24%.
American Airlines (AMR) gained 8.17% and closed at $12.18. Continental (CAL) rose 7.17% and closed at $17.75. Jetblue (JBLU) gained 2.64% and closed at $5.83.
No positions in stocks mentioned.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE