Entries tagged "Continental 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....
Standard & Poor's equity analyst Jim Corridore downgraded the airline industry from neutral to negative on Tuesday, giving up hope that the sky-high fuel prices that have crippled carriers will reverse any time soon....
While airline bankruptcies dominate headlines right now, buzz about M&A among carriers abounded for awhile. It has faded in the last month, as carriers keep taking themselves out of the running. Meanwhile, the industry braces for new cuts. ...
The markets broke out of its three-day funk with the bulls charging forward on a megadeal from Verizon Wireless and restructuring from Continental Airlines Inc. Meanwhile, a better-than-expected jobless claims number gave some investors another reason to smile on Thursday. Overall, the Dow finished up 213.97, or 1.7%, to 12,604.75, and the Nasdaq closed up 46.80, or 1.87%, to 2,549.94. Here's a closer look at performance of stocks involved in deals that impacted Thursday's markets:...
Talk Thursday that United Air Lines Inc. might forgo a merger with US Airways Group Inc. in favor of an alliance with Continental Airlines Inc. appear to have done little to sway opinion in the industry that the airline will soon be headed down the altar with US Air....
