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Quick item from the Department of Things That Probably Weren't Meant to be Posted on the Internet: WSJ.com inexplicably posted an announcement from Nimrod Capital LLC, which today bought the first of three A380s it is leasing to Emirates, each for 12 years.
AMR, parent of American Airlines, put out two comments on Monday's sharp drop in AMR's stock price.
Bankruptcy rumors swirled around AMR Corp. on Monday, sending the stock down 33 percent to close at a $1.98.
The market capitalization of AMR, parent of American Airlines, dropped below $1 billion during the day Friday, the first time it has been below that mark in more than two years.
In an update to Allied Pilots Association members Friday, its negotiating team addressed the question of whether American Airlines Inc. parent AMR was in danger of filing for bankruptcy.
Shares in Southwest Airlines and US Airways Group both hit 52-week lows on Monday, and AMR came close.
A Malaysian ranked No. 219 in March on Forbes’s list of world billionaires apparently now controls the third largest share of the stock of American Airlines parent company, AMR Corp.
U.S. airlines have been taking some heat this week for boosting fares to compensate for the end of the 7.5 percent federal excise tax that expired July 23 amid partisan squabbling in Washington. The Senate’s inaction also meant that segment taxes of $7.40 per roundtrip, an $8.20 charge for flights to Alaska and Hawaii and a $16.30 assessment for international flights are not being collected.
During the Airbus concluding show press conference with CEO Tom Enders and COO Customers John Leahy, I posed the following question to press conference.
When you grow to be the biggest airline for domestic flying, will you still be the low-fare leader?
Standard and Poor's Ratings Services said Tuesday it was affirming most of the debt for AMR and its American Airlines unit, but it cut the rating for some "pass-through" certificates secured by aircraft.
I'm on the airplane taking Southwest Airlines and AirTran executives to a celebration in Atlanta, at AirTran's hangar there.
The Association of Professional Flight Attendants will be picketing at Dallas/Fort Worth International Airport on Wednesday, the same day that AMR is expected to report a loss approaching $450 million.
Southwest Airlines chief executive Gary Kelly's compensation doubled to $3.3 million in 2010.
As fuel prices keep climbing, the outlook for airlines keeps dropping. The latest evidence comes Monday from Dahlman Rose & Co, where airline analyst Helane Becker has cut earnings estimates for a number of airlines.
The AMR/Sterling Global/Allen Weintraub story is the type that gives reporters and editors ulcers.
Every year, J.P. Morgan holds its annual Aviation, Transportation and Defense conference, giving companies in those sectors a chance to brief investors.
Stock prices go up, and stock prices go down, so one shouldn't make too much of day to day changes.
A quick estimate indicates that the bigger U.S. airlines shed well over $2 billion in market value Tuesday, as investors concluded that higher energy prices means lower airline profits.