Article: The State of the Airline Industry
01-26-2009, 04:31 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: May 2006
Posts: 1,804
Article: The State of the Airline Industry
The State of the Airline Industry - Morningstar Stock Strategist Industry Reports
Good article. Interesting to look at the fuel hedging numbers.
Good article. Interesting to look at the fuel hedging numbers.
01-26-2009, 05:07 AM
#2
Banned
Joined APC: Feb 2008
Position: The Beginnings
Posts: 1,317
Excellent article. But the last three sentences kind of say it all with some high quality double-talk:
"Should investors start adding domestic airline carriers to their portfolio? In essence, we deem that the airline fundamentals are so extreme that we cannot convincingly bound our fair value estimate with a reasonable range of potential outcomes.
We reiterate to prospective investors that even though the greatest companies can be overvalued while the poorest ones can be undervalued, airlines have proved historically that bankruptcy has been a very likely long-term outcome."
Also interesting: JetBlue and Airtran, while mentioned, aren't put on the comparison lists for fuel hedging successes/failures. Hmmm ......
"Should investors start adding domestic airline carriers to their portfolio? In essence, we deem that the airline fundamentals are so extreme that we cannot convincingly bound our fair value estimate with a reasonable range of potential outcomes.
We reiterate to prospective investors that even though the greatest companies can be overvalued while the poorest ones can be undervalued, airlines have proved historically that bankruptcy has been a very likely long-term outcome."
Also interesting: JetBlue and Airtran, while mentioned, aren't put on the comparison lists for fuel hedging successes/failures. Hmmm ......
01-26-2009, 06:07 AM
#3
Gets Weekends Off
Joined APC: Aug 2008
Position: 737 FO
Posts: 191
Originally Posted by USMCFDX
The State of the Airline Industry - Morningstar Stock Strategist Industry Reports
Good article. Interesting to look at the fuel hedging numbers.
Good article. Interesting to look at the fuel hedging numbers.
Very interesting. Thanks for posting it.
Thread
Thread Starter
Forum
Replies
Last Post
