UAL Pilots Agree to Scrapping Pension!

[Falconjet]

Thanks

Rez: Thanks for the tip! Makes it much easier.

FJ

 

[FlyBoeingJets]

Maybe this explains the MEC's acceptance of terms



Airlines open higher
Analysts weigh in United Airlines, Independence Air

By Matt Andrejczak, CBS.MarketWatch.com
Last Update: 10:39 AM ET Dec. 22, 2004

SAN FRANCISCO (CBS.MW) -- Airline stocks opened higher Wednesday as crude oil prices stayed below $46 a barrel.



The Amex Airline Index (XX:$XAL: news, chart, profile) rose 0.56 points to 59.07. American Airlines parent AMR Corp. (AMR: news, chart, profile) led the major carriers upwards, rising 28 cents to $10.57. JetBlue Airways (JBLU: news, chart, profile) outpaced its low-fare rivals, adding 40 cents to $23.11.
ExpressJet Holdings (XJT: news, chart, profile), the regional jet service provider for Continental Airlines, tacked on 6 cents to $13 after Smith Barney started coverage with a "buy" rating.

Analysts also weighed in with earnings revisions at United Airlines parent UAL and Independence Air parent FLYi.

Goldman Sachs analyst Glenn Engel said losses at UAL are "running larger than expected." He widened his fourth-quarter loss to $10.55 a share, up from $9.33.

"Even excluding fuel, losses are slightly ahead of last year," Engel added in a research note.

UAL (UALAQ: news, chart, profile) on Thursday reported a net loss of $87 million in November, which includes a $158 million gain from selling its stake in Orbitz. That sale helped the company meet its November loan covenant provision, according to a statement.

UBS analyst Robert Ashcroft hiked his full-year 2004 loss estimate for FLYi to $4.29 a share, up from $3.84.

Ashcroft said the struggling low-fare airline's fate depends on US Airways Group, which is trying to emerge from bankruptcy. US Airways has warned it could liquidate early next year if it cannot reach cost-savings agreements with its unions.

"If US Airways succeeds, we see little reason for FLYi to continue as [a] LCC (low-cost carrier)," he said in a research note.

Shares of FLYi (FLYI: news, chart, profile) inched up 1 cent to $1.69.