| AMR Corp. Q3 2009 Earnings Call Transcript AMR Corp. (AMR)Q3 2009 Earnings CallOctober 21, 2009 5:00 pm ETComplete Story » seekingalpha.com |
Trouble Brewing for the Baltic Dry Index The Business Insider submits: The dry bulk shipping vessel orderbook is so massive over the next two years that even huge cancellation estimates would have trouble making it manageable, and thus saving the Baltic Dry Index (a measure of spot rates for bulk shipping). FTAlphaville highlights that broker Icap expects 1,400 vessels to be delivered in 2010, which equates to 120 vessels per month on average. (Even if in reality they won't be spread out evenly) How bad is 120 ships per month relative to what the market has had to deal with so far?Complete Story » seekingalpha.com |
Boeing's Bullish Outlook Boosts Aerospace ETFs Michael Johnston submits:Boeing Co. (BA), the Chicago-headquartered aerospace and defense corporation, announced on Friday that it plans to increase production of its 777 and 747 aircraft amidst strengthening demand from the airline industry. “We see 2010 as the year of overall economic recovery within the industry and 2011 a year where airlines return to profitability,” said Randy Tinseth, Boeing’s vice president of marketing. “As a result, we anticipate an increase in demand for airplanes in 2012 and beyond.” Boeing had been planning to ramp up production of its 777 jet from five per month to seven per month in early 2012. That move will now happen about six months earlier, in mid 2011. The planned production hike of the 747 – from 1.5 jets per month to two per month – will now occur in mid-2012 instead of mid-2013. “Market improvement and our conservatively managed approach to production have put us in a position where we see it necessary to raise aircraft output,” the company said. “Increasing our rate is the right thing to do to support our customers.”Complete Story » seekingalpha.com |
Tesla's Challenge? Staying Ahead Joel West submits: Yesterday was a great day for Tesla Motors and its CEO Elon Musk. Both got tons of favorable publicity — opening the NASDAQ market Tuesday morning — and wads of badly needed cash as the company enjoyed a wildly successful IPO.By any measure, the IPO was a huge success:Complete Story » seekingalpha.com |
RyanAir and Airline Fees Gad Allon submits: by Martin LariviereI guess I just have a fascination with airline fees. One of the biggest fans of these fees is Michael O’Leary, CEO of RyanAir (RYAAY). The Irish carrier essentially has everything a la carte — to the point that some have taken beating its fees as a challenge (How (with the help of a 17-pocket jacket) I beat Ryanair at their own game, Jul 8, Daily Mail). In any event, in this BBC interview, O’Leary makes the case that fees are pro consumer:Complete Story » seekingalpha.com |