| Ford's EV Partners: Smith Out, Azure In Greentech Media submits: By Jeff St. JohnFord Motor Co. (F) has changed up its partners on developing its Transit Connect electric van, ending its work with Smith Electric Vehicles to switch to Azure Dynamics Corp., it announced Friday.Complete Story » seekingalpha.com |
The Electric Taxi, Courtesy of Ford Greentech Media submits: By Michael Kanellos Ford (F) is getting back into the electric car market in a utilitarian fashion.Complete Story » seekingalpha.com |
International Speedway Corporation F1Q10 (Qtr End 02/28/10) Earnings Call Transcript International Speedway Corporation (ISCA)F1Q10 Earnings CallApril 8, 2010 9:00 am ETComplete Story » seekingalpha.com |
AirTran Holdings Inc. Q2 2010 Earnings Call Transcript AirTran Holdings Inc. (AAI)Q2 2010 Earnings CallJuly 21, 2010 9:30 AM ETComplete Story » seekingalpha.com |
Airline ETF Finds Friendly Skies Tom Lydon submits: The airline ETF may be set to soar after combating rising fuel prices, a global credit crunch, overcapacity and a host of other external factors that airliners are unable to control. The International Air Transport Association (IATA) stated that passenger demand is recovering as passenger traffic increased 9.2% in July year-over-year, with the Asia-Pacific region experiencing a 10.9% gain, and cargo volume surging 22.7%, reports Palash R. Ghosh for International Business Times. However, the aviation industry in the developed world is still a little troubled, and companies have had to consolidate and cut costs. Randy Tinseth, commercial airplanes vice president for marketing at Boeing (NYSE: BA), remarks that “for passenger traffic in 2010 we’re expecting to see a 5% to 6% improvement over where we were last year; in terms of cargo, somewhere around 14% or more.” Furthermore, Boeing projects a healthy increase in demand for pilots, engineers and maintenance staff over the next 20 years. The company also estimates that the whole airline industry will buy 30,900 new aircrafts valued at $3.6 trillion between 2010 and 2029. Dan Milmo for The Guardian writes that the global airline business will generate a profit of $8.9 billion this year, up from a previous forecast of $2.5 billion. The IATA also believes that demand will increase by 5% next year, but Europe still suffers from overcapacity. Claymore/NYSE Arca Airline (NYSEArca: FAA)click to enlargeComplete Story » seekingalpha.com |