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Troyboy1208
Intermediate Crude
Joined: Apr 26, 2006
Posts: 513
Location: Orlando FL
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 Posted: Wed Jul 23, 2008 7:36 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| That wishful thinking is making people rich! |
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skiwi
Intermediate Crude
Joined: Aug 23, 2004
Posts: 705
Location: Frost Free in New Zealand
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| Posted: Wed Jul 23, 2008 3:55 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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Oil price falls and airline stocks take off
| Quote: | Airline stocks rebounded around the world yesterday after the price of oil fell to a six-week low.
Air New Zealand rose 6.9 per cent to $1.23 - its highest close in two months - and across the Tasman Qantas gained to close at A$3.60 ($4.61), up 6.19 per cent.
In the United States, the Bloomberg Airlines Index jumped 16 per cent yesterday in the largest gain since the index of 14 carriers was created in 1999, as airline results beat analysts' estimates and the oil price fell. |
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Let us make him who shall nourish and sustain us. What shall we do to be invoked; to be remembered in the earth.
We have tried with our first creatures but we could not make them venerate us.
So let us try to make obedient respectful beings who shall |
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emersonbiggins
Moderator
Joined: Jul 10, 2005
Posts: 5067
Location: Dallas
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| Posted: Wed Jul 23, 2008 4:00 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| Quote: | | So, as bad as things may look now, the underlying economics are shifting rapidly. That’s bad news for ticket buyers, but a long-awaited sliver of hope for the airline industry, which could even turn a profit in 2009, Parker predicted Tuesday. “We’re going to get this fixed as an industry,” says the CEO. “And I’m really encouraged by what the industry is doing.” link |
What planet is this guy on?
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"It's called the American Dream because you'd have to be asleep to believe it."
George Carlin |
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smallpoxgirl
Moderator
Joined: Nov 08, 2004
Posts: 5719
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| Posted: Wed Jul 23, 2008 4:51 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| emersonbiggins wrote: | | What planet is this guy on? |
Clearly it's one with inorganic oil.
_________________
"So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS |
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Hogan
Light Sweet Crude
Joined: Oct 25, 2004
Posts: 1331
Location: Stalag 13
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| Posted: Wed Jul 23, 2008 8:08 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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Losses Mount, and Airlines Plan Steeper Spending Cuts
| Quote: | United Airlines and US Airways said on Tuesday that they would cut even more deeply into their flying during the fourth quarter, while JetBlue Airways said it would defer more aircraft deliveries, steps the carriers attributed to record prices for jet fuel.
All three airlines reported losses in the second quarter compared with profits in the period a year ago.
They joined other big airlines, including American, Continental and Delta, in posting second-quarter losses in the last week. Northwest Airlines reports its results on Wednesday. |
link
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Now why didn't I think of that? |
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Peleg
Heavy Crude
Joined: May 20, 2008
Posts: 391
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| Posted: Wed Jul 23, 2008 8:49 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| skiwi wrote: | Oil price falls and airline stocks take off
| Quote: | Airline stocks rebounded around the world yesterday after the price of oil fell to a six-week low.
Air New Zealand rose 6.9 per cent to $1.23 - its highest close in two months - and across the Tasman Qantas gained to close at A$3.60 ($4.61), up 6.19 per cent.
In the United States, the Bloomberg Airlines Index jumped 16 per cent yesterday in the largest gain since the index of 14 carriers was created in 1999, as airline results beat analysts' estimates and the oil price fell. |
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Oops, oil is still over $120 per barrel and the cost of that has yet to be passed on to the thirsty driving public. The market will find a way to make money off of Armageddon if it can. |
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Grimnir
Intermediate Crude
Joined: Oct 04, 2004
Posts: 901
Location: USA
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| Posted: Thu Jul 24, 2008 5:29 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| My wife was supposed to fly from Trenton NJ to Chicago today, but was told that all flights from Trenton to the midwest had been canceled due to "storms". I've been watching the radar all day and there have been no storms of any significance between those two places. The soonest they could rebook her on any airline was tomorrow afternoon (knock knock). So what's the deal? |
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PeakOiler
Light Sweet Crude
Joined: Nov 18, 2004
Posts: 1086
Location: Central Texas
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| Posted: Fri Jul 25, 2008 4:32 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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Check out the FedEx stock chart:
FedEx Chart
Is that a cliff or what?
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About my avatar: Guess. |
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NoahsDove
Coal
Joined: Jul 06, 2008
Posts: 12
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| Posted: Fri Jul 25, 2008 11:06 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| If all the airlines go out of business, what does it mean? |
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cube
Fusion
![]()
Joined: Mar 12, 2005
Posts: 3574
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| Posted: Sat Jul 26, 2008 1:53 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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| Grimnir wrote: | | My wife was supposed to fly from Trenton NJ to Chicago today, but was told that all flights from Trenton to the midwest had been canceled due to "storms". I've been watching the radar all day and there have been no storms of any significance between those two places. The soonest they could rebook her on any airline was tomorrow afternoon (knock knock). So what's the deal? |
Airlines have to fill a certain % of their seats just to break even. For example suppose 75 seats have to be filled on a 100 seat plane just to break even.
No airline wants to fly at a loss so if these seats don't get filled an airline will "delay" a flight and consolidate to make sure those planes fly as full as possible.
This is my paranoid theory. I can't think of any other explanation.
The "solution" would be for passengers to pay fair market value for seats so the airlines wouldn't have to resort to these "juggling acts" but nobody wants to pay it. However if society gets sick enough of these low-ball tactics who knows? Maybe a premium service can be offered where your seats will be guaranteed......for a price. But if an airline did that, it would be an admission they were resorting to these "juggling acts" and who wants to admit they've been running a circus instead of an airline?  |
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eXpat
Intermediate Crude
Joined: Jun 08, 2006
Posts: 971
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| Posted: Mon Jul 28, 2008 6:32 pm Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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Ryanair going down Ryanair profits plunge 85%
| Quote: | Shares in airlines slumped today as budget carrier Ryanair reported an 85% fall in first-quarter net profit and warned it could plunge into the red for the full year.
Ryanair shares tumbled 15% to €2.74 (217p), dragging down low-cost rival easyJet, which fell 10% to 301.75p.
British Airways, which is expected to announce capacity cutbacks when it announces first-quarter results on Friday, saw its shares slip 5% to 234.5p by 11am. Earlier in the morning they had been down by 6%, making BA the biggest percentage faller in the FTSE 100.
Ryanair's slide in profit – down to €21m after tax for the three months to the end of June - stemmed from the spiralling cost of fuel. The Dublin-based company said its fuel bill had soared by 93% in the quarter and now represented almost half of its operating costs, up from 36% last year. |
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Stocking up on popcorn  |
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idiom
Heavy Crude
Joined: Aug 23, 2004
Posts: 474
Location: New Zealand
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| Posted: Tue Jul 29, 2008 5:46 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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All the other airlines must just stare and wonder. RyanAir is still making a Net Profit? Its Cash Reserves are mounting?
Thats gotta burn if you are hosing through millions everyday trying to outlast the others. |
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CarlosFerreira
Heavy Crude
Joined: Jul 02, 2008
Posts: 437
Location: Espinho, Porto, Portugal
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| Posted: Tue Jul 29, 2008 7:43 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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British Airways and Iberia to merge
| Quote: | BA boss Willie Walsh said the proposed merger would help the airlines in the current economic environment. The companies said it would take several months to reach an agreement on the terms of the merger. The news boosted BA's share price by 7.5%.
Mr Walsh said the merger was an attractive proposition for BA, which, like other airlines, is struggling with sky-high fuel costs. "The aviation landscape is changing and airline consolidation is long overdue," he said. |
This is really big, even if people have been talking about it for some time. These are large flagship companies for both countries. Spanish Armada, anyone? BBC News Link
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Give anyone a lever long enough and they can change the world. It's unreliable levers that are the problem.
-- (Terry Pratchett, Small Gods) |
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eXpat
Intermediate Crude
Joined: Jun 08, 2006
Posts: 971
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| Posted: Fri Aug 01, 2008 9:56 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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BA chief warns 'airlines will go bust' lnk
| Quote: | More airlines will go bankrupt this year as rising fuel costs and weak consumer confidence ravage the industry, the chief executive of British Airways warned today.
Willie Walsh said carriers that struggled to make a profit during the recent sales boom will not survive the "worst ever" trading environment the industry has seen. The downturn has put 25 airlines out of business this year, including Luton-based business carrier Silverjet.
"You are going to see more airlines go bust. If you look around there are a lot of airlines out there that have not been profitable in the past few years. Those guys will not survive," he said. |
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Stocking up on popcorn |
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CarlosFerreira
Heavy Crude
Joined: Jul 02, 2008
Posts: 437
Location: Espinho, Porto, Portugal
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| Posted: Fri Aug 01, 2008 10:08 am Post subject: Re: Airline Bankruptcy/Merger/Layoffs Thread |
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TAP, Portuguese national airline, posts 136 million Euros (not dollars!) of losses in the period between January and June 2008.
| Quote: | This result is "the worst in recent years," referred to in TAP reported, adding that "reflects the brutal rise in fuel prices." In the first half of 2008, the company spent 312 million euros in fuel, which represents an increase of 75 percent compared with the same period last year.
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Google Translated News here
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Give anyone a lever long enough and they can change the world. It's unreliable levers that are the problem.
-- (Terry Pratchett, Small Gods) |
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