Airline Sector Archive

AMR Swings to 4th-Quarter Profit on Tax Benefit; Posts Annual Loss of $1.88 Billion

AMR Corp. (AAMRQ) swung to a fourth-quarter profit as the parent of American Airlines posted a net benefit of $350 million from an income tax benefit and the settlement of a commercial dispute. Still the carrier posted an annual loss of $1.88 billion, mostly on a net $1.7 billion in reorganization-related and

Global Air Traffic Up…

       Global air traffic showed an improvement in both passenger and air freight demand in November but the current level of air travel remains much weaker than the long-term average, the International Air Transport Association said Wednesday. The industry body said that air travel in November was 4.6% higher than

Delta Air Sees 4Q Profit As Sector Rallies

The head of Delta Air Lines Inc. (DAL) said Wednesday that the European Union should help the region’s carriers compete with fast-growing Middle East rivals. Richard Anderson, Delta’s chairman and chief executive officer, is the first U.S. airline executive to address the competitive threat of carriers such as Emirates, Etihad and Qatar

Is The Oil Rally Over ??

United States Oil Fund, LP (USO) is a commodity pool that issues limited partnership interests or units that may be purchased and sold on the American Stock Exchange (the AMEX). The Company invests in futures contracts for light, sweet crude oil and other types of crude oil, heating oil, gasoline, natural gas

Can Weak Dollar Make Money

Can Weak Dollar Make Money Yes it can. Deutsche Bank and PowerShares announced the listing of PowerShare DB U.S. Dollar Bullish UUP and the PowerShare U.S. Dollar Bearish UDN exchange traded funds (ETFs) on the American Stock Exchange. These ETFs offer investors access to the performance of the United States Dollar against

Newspapers Beat Local TV

Newspapers Beat Local TV According to a media research firm, the newspapers are making more money from online video advertising than local TV stations, $81 million to $32 million. TV stations have a mass audience compared to targeted audience on the internet. Newspapers have been selling customized solutions, with particular success in