TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| China Eastern Seeks More Aid Following Dismal Q4 Results Zacks.com submits: On Thursday, China Eastern Airlines Corporation Limited (CEA) announced a 2008 full-year net loss of RMB15.3 billion (down from earnings of RMB269 million a year ago), including RMB6.3 billion on oil fuel hedging losses and RMB3.0 billion in impairment losses, from write-downs of acquisition goodwill and older, less fuel-efficient aircraft.Revenues slumped 3% to RMB41.7 billion on weaker demand as CEA reported a 5.9% decline in passenger traffic and a 280 basis-point decrease in the passenger load factor, while fuel costs jumped 22%.Complete Story » seekingalpha.com |
Chrysler vs. Indiana: The Little Pension Fund That Could The Baseline Scenario submits: By James KwakThose following the Chrysler bankruptcy know that the final holdouts are a set of Indiana pension funds, who have appealed the bankruptcy judge’s approval of the restructuring plan, attempting to force the company to explore other alternatives under a trustee who is independent of the government. They were lustily cheered on by The Wall Street Journal, elated to find good sturdy workingmen and -women willing to stand up to the Obama Administration and its “disdain for legal contracts,” and who could not be dismissed as speculators.Complete Story » seekingalpha.com |
Ford Joins the 52-Week High List Hickey and Walters (Bespoke) submit: Chrysler files for bankruptcy, and is taken over by the government. Then GM files for bankruptcy, and is taken over by the government. Then Ford hits a 52-week high!Given what was going on in the auto industry just a couple of months ago, it's hard to believe that we would ever be seeing Ford (F) on the 52-week high list. However, that's just where it is today following a better (or less worse) than expected earnings report.Complete Story » seekingalpha.com |
What GM Can Learn from Toyota Rick Newman submits:Andy Grove, one of the founders of Intel (INTC), is famous for saying that "only the paranoid survive." The long-term success of his company suggests he's right. These days, Toyota (TM) is looking like one of the most paranoid companies on the planet. It's the world's biggest carmaker but certainly isn't coasting. The global recession has hammered sales and profitability, with Toyota losing $8.4 billion in the fiscal year that ended in March. Sales are likely to be down 18 percent more this year, with a turnaround next year looking modest at best.Complete Story » seekingalpha.com |
British Airways and Iberia: A Merger of Equals Michael Young submits:BA (BAIRY.PK), the flagship British Carrier, and Iberia (IBRLF.PK), the Spanish airline, have agreed to a merger of equals. The new group will become the third largest airline globally after KLM / Air France and Lufthansa (DLAKY.PK) and will operate 419 aircraft to 205 destinations. In a statement released on Friday, BA predicts the combined group would enjoy cost synergies of around Euro 400 million a year, with five years of the venture compared to an one-off merger cost of Euro 350m.Complete Story » seekingalpha.com |