Airline companies have taken flight recently in spite of the October stock market sell-off, tremendous volatility, and global economic slowdown as crashing crude oil prices lower the cost of jet fuel for the industry. The accompanying table includes statistics for the ETFI Global Airline Index and short ETF proposal, which has still lost over 60% of its market value in the past year for the 30 lowest rated companies despite the recent bounce. Both the 30 lowest rated and all 50 companies have fared worse than the
Given the global economic slowdown, lower commodity prices, and cool-down in former red-hot grow markets such as China; the accompanying table presents statistics and an overview of a global transport short ETF strategy for passenger airlines, auto makers, maritime, and trucking companies.
While I am still bullish on the prospects for railroads as a long investment idea and a hedge to these short transport ETF ideas, they will also suffer to some degree depending on the length and depth of the s
This one is pretty self explanatory. The arilines continue to lose money hand over fist. They are driving customers away by the the thousands by taking away basic privelages like blankets and checked baggage that have been around since the beginning of the airline industry. Coupled with the high fuel prices the airlines are dealing with we have essentially entered an era where air travel is a mid-priced luxury good. The best thing that could come out of this is the forced restructuring of how the airlines do business.
Top 5 Companies by Market Cap Top 5 Companies by 52-Week Stock Price Decline
Shares of UAL (UAUA) were briefly halted for trading and grounded earlier today on a re-posted article from six years ago by the Florida Sun Sentinel newspaper on its website which stated the parent company of United Airlines had declared bankruptcy. Only the date was changed in the article from 2002 when United Airlines entered bankruptcy, which the Company emerged from in
Airline industry has been one of the most beaten in last year. AMEX Airline Index (XAL) is down more than 50% in last months and but on July it had been even almost 70% down. What is interesting is that recent low has been formed on July. Compared to other industries where recent lows have been reached during October after heavy sell-off. Earlier turnover is due to declining crude oil and gasoline prices which are down more that 50% since July peak.
Bad news about global economies will still weigh on crude oil and decreasing demand will send price lower. This will fuel airlines companies. Te...
Calyon upgraded major network carriers based on falling oil prices and capacity cuts. The analyst is positive over the next 12 months but cautious short-term given the uncertain economy, and volatile markets and oil prices. AMR Corp (NYSE: AMR) and Delta Air (NYSE: DAL) were upgraded to Add from Neutral and UAL Corp (NASDAQ: UAUA) was raise
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