Entries tagged "American Airlines"
Undoubtedly when the postmortem is written on the current stock market collapse, there will be examples of industries and companies who fell not on fundamentals but rather were simply caught in the downdraft. According to one prominent analyst, the U.S. airline business appears to be a good example of an industry that has been punished by Wall Street despite improving prospects....
US Airways Group Inc. joined the stampede of airlines cutting costs and looking to boost revenues after markets closed Thursday, announcing plans to axe flights, shrink its fleet and eliminate 1,700 jobs as well as increasing or adding a number of fees....
Without doubt American Airlines Inc., along with nearly everyone else in the industry, is considering its options in the wake of Delta Air Lines Inc.'s $3.6 billion stock deal for Northwest Airlines Corp. But more likely than not, the company's Wednesday announcement it is selling 90% of its asset management business is not, as some have suggested, a sign that a deal is in the works....
