T
Traumahawk
Skywest proposes to XpressJet...pending religious conversion
sorry if this was already posted somewhere else, but what happens to xjet ALPA if this goes through?
http://biz.yahoo.com/ap/080128/airline_stocks_sector_snap.html?.v=1
ExpressJet Leads Airline-Stock Gains As Investors Hope for Acquisition by SkyWest; Oil Drops
NEW YORK (AP) -- ExpressJet Holdings Inc. led airline stock gains Monday as investors hoped that industry consolidation talks would include a deal between the Houston carrier and larger competitor SkyWest Inc.
ExpressJet shares rose 34 cents, or 14.8 percent, to $2.64 in morning trading. SkyWest investors were less enthusiastic about a potential deal, sending its stock down 31 cents to $24.70.
Hayman Advisors LP, which owns a 6.25 percent stake in ExpressJet, advised the company last week to abandon its ramp-up of branded-flying operations, sell non-core assets and look for potential merger or acquisition deals with competitors like SkyWest or Republic Airways Holdings Inc. The investment firm reported its suggestions in a Securities and Exchange Commission filing on Friday.
Media reports said SkyWest Chief Financial Officer Brad Rich responded to the letter by saying Skywest is open to acquiring smaller carriers like ExpressJet. Representatives from SkyWest and ExpressJet could not be immediately reached for comment.
Other airline stocks rose as light, sweet crude for March delivery lost 96 cents to $89.75 a barrel on the New York Mercantile Exchange. The Amex Airline Index rose 1.7 percent to 33.70. Fuel is one of the airline industry's highest costs.
UAL Corp. shares rose after Soleil Securities analyst James Higgins lifted its stock rating to "Buy" from "Hold" in a note Monday, saying its labor problems have diminished. UAL accomodated pilot-union demands by altering some schedules and improving work rules for narrow-body jet pilots.
"More work needs to be done," Higgins wrote, "but we are satisfied for now that labor issues will not disrupt the earnings outlook."
UAL shares rose 70 cents, or 2 percent, to $35.57 in morning trading.
Other gains were posted by AirTran Holdings Inc., which rose 31 cents, or 3.9 percent, to $8.32; Alaska Air Group Inc., which rose 71 cents, or 3.1 percent, to $23.31; US Airways Group Inc., which rose 31 cents, or 2.5 percent, to $12.60; and Continental, which rose 43 cents to $26.18.
sorry if this was already posted somewhere else, but what happens to xjet ALPA if this goes through?
http://biz.yahoo.com/ap/080128/airline_stocks_sector_snap.html?.v=1
ExpressJet Leads Airline-Stock Gains As Investors Hope for Acquisition by SkyWest; Oil Drops
NEW YORK (AP) -- ExpressJet Holdings Inc. led airline stock gains Monday as investors hoped that industry consolidation talks would include a deal between the Houston carrier and larger competitor SkyWest Inc.
ExpressJet shares rose 34 cents, or 14.8 percent, to $2.64 in morning trading. SkyWest investors were less enthusiastic about a potential deal, sending its stock down 31 cents to $24.70.
Hayman Advisors LP, which owns a 6.25 percent stake in ExpressJet, advised the company last week to abandon its ramp-up of branded-flying operations, sell non-core assets and look for potential merger or acquisition deals with competitors like SkyWest or Republic Airways Holdings Inc. The investment firm reported its suggestions in a Securities and Exchange Commission filing on Friday.
Media reports said SkyWest Chief Financial Officer Brad Rich responded to the letter by saying Skywest is open to acquiring smaller carriers like ExpressJet. Representatives from SkyWest and ExpressJet could not be immediately reached for comment.
Other airline stocks rose as light, sweet crude for March delivery lost 96 cents to $89.75 a barrel on the New York Mercantile Exchange. The Amex Airline Index rose 1.7 percent to 33.70. Fuel is one of the airline industry's highest costs.
UAL Corp. shares rose after Soleil Securities analyst James Higgins lifted its stock rating to "Buy" from "Hold" in a note Monday, saying its labor problems have diminished. UAL accomodated pilot-union demands by altering some schedules and improving work rules for narrow-body jet pilots.
"More work needs to be done," Higgins wrote, "but we are satisfied for now that labor issues will not disrupt the earnings outlook."
UAL shares rose 70 cents, or 2 percent, to $35.57 in morning trading.
Other gains were posted by AirTran Holdings Inc., which rose 31 cents, or 3.9 percent, to $8.32; Alaska Air Group Inc., which rose 71 cents, or 3.1 percent, to $23.31; US Airways Group Inc., which rose 31 cents, or 2.5 percent, to $12.60; and Continental, which rose 43 cents to $26.18.
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