Market Cap vs. Size-Worldwide

[atpcliff]

Hi!

I'm reading an interesting article:

"Silver linings, darkening clouds

Mar 25th 2004
From The Economist print edition
http://www.economist.com/business/displayStory.cfm?story_id=2535961

It has an interesting table comparing the Top 10 airlines in Worth and Seat-miles

The biggest (2002 stats):
AA
UAL
DAL
NWA
JAL
BA
Air France
Lufthansa
SWA
Quantas

Interestingly, all 4 of the big US hub airlines did NOT make the top 10 market cap, while the next 6 in size all made the top 10 in Worth (Market Cap)
SWA
Singapore Airlines
Cathay Pacific
JAL
Lufthansa
BA
All Nippon
Quantas
Ryanair
Air France

I was reading a post from a DAL guy who was at the DAL CEO's brefing recently. DAL's CEO said that in the future ONLY 2 US hub carriers will remain.

Are we pilots ready for the way our industry is rapidly changing???

Cliff
DTW

 

[Dirty Sanchez]

Not surprising since market cap is based off of the market value of the stock...

 

[bart]

market cap is based off of the market value of the stock...

Which is based on the present value of future expected earnings.

Low market value = poor prospects.