Newsstand - Forecast glum for airlines' recovery

Forecast glum for airlines' recovery

In the wake of the airline industry's third aborted attempt this year to raise leisure fares, Wall Street analysts raised doubts Monday about the pace of the industry's recovery.

The concerns came as AMR Corp., parent of American Airlines, warned investors it would incur a "significant loss in the second quarter" because of sluggishness in travel after the Sept. 11 terrorist attacks and the recession.

Although many analysts discounted the warning because they never expected AMR to turn a profit in the second quarter, shares of AMR fell nearly 3 percent, to $20.33, down 62 cents on the New York stock exchange.

http://www.chicagotribune.com/business/printedition/chi-0206040189jun04.story?coll=chi%2Dprintbusiness%2Dh ed

Frequent fliers plan to cut back even more, survey says

http://www.flyertalk.com/forum/Forum109/HTML/004326.html

"This is the final piece of evidence the airlines need to get their heads out of the sand," said coalition chairman Kevin P. Mitchell."

And the TSA needs to get its collective head out of its collective you-know-where. Airport hassles are driving away travelers, plain and simple.

<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by doc:
Frequent fliers plan to cut back even more, survey says

http://www.flyertalk.com/forum/Forum109/HTML/004326.html</font>



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"Give me Liberty or give me Death." - Patrick Henry

AMR CEO Mr Carty says sector has undergone fundamental change:

http://www.flyertalk.com/forum/Forum71/HTML/009674.html

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ATA cuts prices on last-minute fares

Discount carrier American Trans Air sharply lowered last-minute fares used mainly by business fliers, the latest sign that weak travel demand is shrinking airlines' prices and profits this summer.

http://www.usatoday.com/money/biztravel/2002-06-12-air-fares.htm

Airline price war may add to losses

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/07/20/BU188762.DTL&type=business

Airport Ratings Hold Steady Despite Airline Woes

Credit ratings at U.S. airports should hold steady as long as the airline industry continues its gradual recovery, Kurt Forsgren, an analyst with Standard & Poor's Corp. in San Francisco , said during a teleconference with the press

http://biz.yahoo.com/djus/020725/200207250911000567_1.html

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THE DECLINE OF 'BIG SIX' AIRLINE SHARES SINCE JULY 24, 2000

Big Six mainline carriers now have a total market capitalization of only about $5.5 billion. That's all six of them. Combined. Based on today's closing stock prices, we could call our brokers first thing tomorrow morning, order them to buy up every share of American, United, Delta, Northwest, Continental and US Airways and only need $5,515,000,000 to fund the purchase.


http://www.zyworld.com/brancatelli/branc.htm

[This message has been edited by doc (edited 07-27-2002).]