satpak77
Marriott Platinum Member
- Joined
- Dec 2, 2003
- Posts
- 3,015
Question: what is the internal sentiment at AA? Bright outlook ahead ? Hiring ? Etc ? Alot of us (me included) are watching it for hiring news.
http://www.bloomberg.com/news/2011-...airline-shares-as-fuel-climbs.html?cmpid=yhoo
American Airlines parent AMR Corp. (AMR) fell to the lowest since October, pacing declines among most large U.S. carriers, as oil prices jumped to a 29-month high amid violence in Libya.
Airlines worldwide may “be forced to rethink their growth plans for the year if fuel prices continue to rise,” Deutsche Bank AG analysts including Michael Linenberg in New York said today in a note to clients.
Jet fuel is refined from crude and is one of the industry’s biggest expenses, along with labor. Oil for April delivery climbed 2.5 percent $104.42 in New York on concern that strife in Libya will spread to other energy exporters in North Africa and the Middle East.
AMR tumbled 25 cents, or 3.9 percent, to $6.14 at 4 p.m. in New York Stock Exchange composite trading, the lowest closing price since Oct. 5. The Fort Worth, Texas-based parent of American extended its slide for the week to 7.5 percent.
The Bloomberg U.S. Airlines Index lost 1.9 percent and fell for the fourth time in five weeks. Southwest Airlines Co. (LUV) was the only one of 12 carriers in the gauge to advance, rising 2 cents to $11.80.
http://www.bloomberg.com/news/2011-...airline-shares-as-fuel-climbs.html?cmpid=yhoo
American Airlines parent AMR Corp. (AMR) fell to the lowest since October, pacing declines among most large U.S. carriers, as oil prices jumped to a 29-month high amid violence in Libya.
Airlines worldwide may “be forced to rethink their growth plans for the year if fuel prices continue to rise,” Deutsche Bank AG analysts including Michael Linenberg in New York said today in a note to clients.
Jet fuel is refined from crude and is one of the industry’s biggest expenses, along with labor. Oil for April delivery climbed 2.5 percent $104.42 in New York on concern that strife in Libya will spread to other energy exporters in North Africa and the Middle East.
AMR tumbled 25 cents, or 3.9 percent, to $6.14 at 4 p.m. in New York Stock Exchange composite trading, the lowest closing price since Oct. 5. The Fort Worth, Texas-based parent of American extended its slide for the week to 7.5 percent.
The Bloomberg U.S. Airlines Index lost 1.9 percent and fell for the fourth time in five weeks. Southwest Airlines Co. (LUV) was the only one of 12 carriers in the gauge to advance, rising 2 cents to $11.80.