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Originally Posted by John Galt
(Post 761378)
Please "peel" the onion.
For low to NO cost, the Japanese media has blasted the Delta brand all over the place. NWA "Red Tail" along with their travel agent army in Japan has been most effective. Now, the tail is gone and the branding is non descript. Think Pan AM in Paris back in the day. This folly was worth its wait in GOLD at $2000/ounce to super charge the Skyteam brand in Japan. We (post merger) command the third largest slot portfolio in NRT and are now better positioned for the HND slot subscription (1 or more of 4 dailies). NWA operated NRT to a fraction of its potential. And, do not forget the other SkyTeam member Korean. That relationship has always been dominated by DAL in the past. Things may shift. The real bet is on when and if and how China liberalizes their aviation market. When YUM brands gained entrance into the chinese market, they had to buy a LOAD of tile to build franchises in mainland. Think Aviation infrastructure and update. They may get Next Gen before the US! If the market opens look towards NRT overfly on premium market pairs. destroyer or liberator? JG China has to start open skies talks soon..... China has had very rapid growth of its Domestic operation and will have to go through a series of mergers to right size the airline market before DAL (or anyone) can chose a JV partner.... in my opinion. What's your take away? Thanks and welcome. MC |
Originally Posted by Model Citezen
(Post 762026)
ACL,
How is AMR out 1.4 Large? ..... everything I have read is that there was going to be NO investment in JAL at this time. Same was to hold true if DAL was the winner. A few ways to blow a million: 1) Trying to get the press DAL just got for free 2) Anti-Trust fight they will be mounting 3) Strengthening the relationship 4) With whatever JAL wants. The simple fact is that they (AMR) publicly stated they would put at least that much towards the deal. JAL will. JAL stating they would go not take money and the cash offers in to consideration does not mean that cash will not change hands. |
Originally Posted by Model Citezen
(Post 762032)
JG,
China has to start open skies talks soon..... China has had very rapid growth of its Domestic operation and will have to go through a series of mergers to right size the airline market before DAL (or anyone) can chose a JV partner.... in my opinion. What's your take away? Thanks and welcome. MC Look at Network's Goals on the 2010 flight plan. (you can see it on the DALnet) |
Originally Posted by Denny Crane
(Post 761972)
Did I miss something? I thought the Japanese said they weren't going to take an "investment" from either American or Delta. If it's true, then that's great.
Denny After the statement of no cash, AMR put another offer up. Their money will be spent much like ours would have been. Wait to see how it will be spent "exactly." |
Originally Posted by RockyBoy
(Post 761991)
Actually this is a myth. The Port Authority required them to design the terminal so that widebodies could be accomodated just in case JetBlue were to disappear. That way they would have an easier time unloading the terminal to a new tenant. The way it is set up now it will only accomodate narrowbodies, but with some moving of jetways, it will work for widebodies. However, it cannot be used for customs so it is only good for domestic or pre-cleared arrivals.
As for JFK. Our plan has got wheels, expect to see something in the form of a statement or a press release shortly. |
80:
Correct. Colgan was insured through its parent who was insured through its former parent (NWA) which has Delta insurance. What fun. |
Airline ETF Takes Off On Traffic Data
Claymore/NYSE Arca Airline soared higher than any other nonleveraged equity ETF this week as major airlines reported robust January traffic data.
The main propeller of the move on Tuesday, United Airlines (NasdaqGS:UAUA - News) rocketed nearly 18% in 21/2 times usual volume. It's 9% past a 14.25 buy point after a light volume dip to the 10-week average. United flew past analysts' revenue estimates. The airline said its passenger revenue per available seat/mile climbed 9.5%-11.5% in January from the year-ago month. Analysts expected a gain of 3%-5%. Claymore Airline (NYSEArca:FAA - News) gapped up 6.4% Tuesday, breaking above its 10-week moving average line in heavy volume. It eased 0.35% Wednesday, closing at 31.03. The ETF broke out of a double-bottom-with-handle base in strong trade Dec. 11. It rose 16% past a 29.03 buy point 15 a 52-week high of 33.80. Then it pulled back to its 10-week line on light volume. It's now trading in a buy range between its 10-week and a new 33.90 buy point. But the ETF has "moved too far too fast," and looks "overbought," according to Neil Leeson, an ETF analyst for Ned Davis Research. He said "getting long FAA at this point has more downside risk than upside reward" and a 5%-7% pullback from the current price would make it more attractive. FAA has ticked up 2% year to date, while the S&P 500 eased 4%. It soared 49% in the past 12 months vs. 29% for the S&P. It sports a healthy 84 Relative Strength Rating but a rather weak Accumulation/Distribution Rating of C-. It carries an annual expense ratio of 0.65%. The three largest stocks among FAA's 25 holdings, American Airlines (NYSE:AMR - News), Delta Air Lines (NYSE:DAL - News) and Southwest Airlines (NYSE:LUV - News), each account for 14% to 17% of assets. Delta, the world's largest airline, reported a fourth-quarter loss of 27 cents a share Jan. 26, while revenue rose 1% to $6.8 billion. Analysts polled by Thomson First Call expect it to see profits in the third and fourth quarters of 2010. They forecast sales to rise 4% to 13% over the next four quarters. Jesup & Lamont rated Delta stock as buy, saying the airline should be able to cut operating expenses and continue saving money thanks to its merger with Northwest Airlines. Delta shares pulled back to their 10-week average after hitting a 52-week high in January. They're in a buy range between a new 13.83 buy point 14d the 10-week line. Sales declined the past four quarters for Southwest, the second-largest airline by market cap. But earnings jumped 25% in the fourth quarter. Analysts polled by Thomson First Call expect profit growth of 40%-467% the next four quarters, while sales rise 7% to 15%. Southwest's stock has also bounced up from a drop to its 10-week line. International passenger traffic dropped 4% in 2009 -- the most ever -- according to Airports Council International, a global trade organization of world airports. But global passenger traffic increased 5.3% in December compared with December 2008. Some Turbulence The East Coast snowstorms have dealt another blow to the airline industry, which was already suffering from low demand owing to the global recession. Canceled flights, taking care of stranded passengers, overtime, de-icing and other airport costs are expected to cut deep into first-quarter results. Airlines don't expect to see profits this year but they expect losses to be smaller, according to a quarterly survey taken by the International Air Transport Association, which represents 230 airlines. IATA forecasts that airlines will cut losses in half to $5.6 billion in 2010 from $11 billion in 2009. Their profits sway with volatile oil prices. JPMorgan analysts wrote in a client note they expect 2010 revenue to rise 11.4%. They're most bullish on AirTran Holdings (NYSE:AAI - News), American, US Airways Group (NYSE:LCC - News), and United, which they rated overweight. They downgraded Alaska (NYSE:ALK - News), Continental Airlines (NYSE:CAL - News) and Delta to neutral from overweight. |
Originally Posted by forgot to bid
(Post 761907)
Dear Sir,
There is no such thing as cow tipping. Cows sleep lying down. They may nap standing up but if you think you can sneak up on one and push it over you've got another thing coming. They're herbi, herbavo, they smoke grass and eat their own barf. |
Originally Posted by DARR31
(Post 761946)
We'd have a better terminal at JFK and some more A320s for the fleet!
A useless terminal, but it would be new nonetheless...:rolleyes: |
Originally Posted by Bucking Bar
(Post 761954)
Consider that at the time Comair lost flight 5191 they were on Delta's Certificate of Insurance.
I'm not sure the contractual transfer of liability means a whole lot in the running of an alter ego air carrier. I'm not sure the risk means a whole lot to the contracting parties, as long as the exposure is properly managed. As the President of my former employer said "we consider safety a given." Delta obvious wants it's passengers to have a safe and enjoyable flight, but they have risk managers and trust that they have done their job(s). They don't stay up at night worrying about this. Scary Mary finally admitted the obvious and now calls herself a "Plaintiff's Attorney." Her idea has a lot more with securing another potential source for financial recovery than it does air safety, IMHO. ... and in many venues, the parties in the chain of commerce with the airline service can be sued and in some places held liable jointly and severally. This is one reason Texas is a popular place to bring aviation litigation. The Passenger Bill of Rights also provides some perspective on this. The issue of responsibility for passenger handling during IROPS was ill defined and left the contracting carrier with a significant potential for loss. Rather than absorb these costs, they tried to hold passengers on the airplane, overnight, as needed to save money. This led to litigation long before the government stepped up to the plate to "fix" the problem. Airlines (not just Delta) had ample time to develop and implement policies which would have stopped that legislation in its tracks. IMHO the government only got involved because we failed to use common sense in the management of our outsourced flying. Cue the music, same song, second verse. When it comes to jacking up the house, ALPA's going to have to do their (our) own heavy lifting on outsourcing. As far as the PBOR, I agree with you... |
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