TOP 100 TRANSPORTATION AND LOGISTICS SITES
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| 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 |
Bullish Spread on Republic Airways optionMONSTER submits: By David RussellRepublic Airways (RJET) ripped higher on Friday, and the bulls think that it still has room to run.Complete Story » seekingalpha.com |
Pulse Check Update: UAL and CAL Edge Closer to Uniting Research Recap submits: Despite running into some snags, there’s a growing sense of inevitability about a merger between UAL Corp (UAUA) and Continental Airlines (CAL). As our previous post noted, Continental makes a more logical partner for United than US Airways (LCC), which called off talks with UAL last week. Now the focus is shifting to the price and other details of a United-Continental combination. DealBook reported Tuesday that “officials gave hints that deal negotiations were ongoing and that Chicago would remain the airline’s headquarters.” Glenn Tilton, United’s chief executive, said that the airline — which reported a loss for the quarter — still believes there are too many planes in the air and that consolidation is necessary to help the company make money.Complete Story » seekingalpha.com |
Oshkosh F3Q10 (06/30/2010) Earnings Call Transcript Oshkosh (OSK) F3Q10 (06/30/2010) Earnings Call August 02, 2010 11:00 am ETComplete Story » seekingalpha.com |
Delta Flies High in Q3 Zacks.com submits: Delta Air Lines (DAL), the second largest U.S. airline, declared its third quarter adjusted earnings of $1.10 which easily surpassed the Zacks Consensus Estimate of 95 cents on strong international and travel demand. Including special items, net income increased to $363 million or 43 cents per share compared with a net loss of $161 million or 19 cents in the year-ago quarter.Complete Story » seekingalpha.com |