The price-earnings multiple, based on future earnings forecasts, is still fairly low, in the 5 to 6 range, ... These P/E multiples can go as high as 10. There's still some upside for most of them, except maybe Delta. |
The price-earnings multiple, based on future earnings forecasts, is still fairly low, in the 5 to 6 range. These P/E multiples can go as high as 10. There's still some upside for most of them, except maybe Delta. |
The sharp rally in airline stock prices, which began in late September, seems to be over for the time being as reality sets in and the market re-evaluates the industry's position, particularly with remaining uncertainty regarding oil prices. |
The traffic was much weaker than anyone was expecting. My guess is no one knows for sure how bad it was, including the company. |
The US Airways route system fits very nicely with the United Airlines system. If this deal goes through, it would turn the airline industry on its head. |
There are no surprises. Basically what we're hearing from the airlines is that volume is not falling off. Business is getting weak as travelers are trying to get around higher pricing with discounts. There was some weakening in February into March, but it's not as bad as it sounds. |
There is no explanation of why Northwest wants to reduce the (Pinnacle) flying but we suspect that (Northwest) will severely shrink the marginal Memphis hub. |
There is plenty of blame to go around, |
There will be more pressure on American to reduce its costs, because these guys will come out leaner and meaner. |
There will be some kind of consolidation. The success they've had at US Airways would give some impetus to other situations out there. |
There's a good chance (of a Northwest filing), |
There's a lot of capacity is coming on. It's a little scary. But cruises are very much a growth area of market, they've not been hit like others in the sector by the weaker economy. |
There's a powerful franchise there. If they can get the right cost structure, the model does not have to be tweaked too much. Hopefully they won't have to sell assets. If you start having to sell strategic assets, you have a slow liquidation the way Pan Am did. |
There's no reason other than covering a short position to buy shares. It's either that or stupid money, |
These changes reflect marginal improvements in our estimates of [revenue per available seat mile] and fuel usage. |