Airline revenue growth has been stronger than expected in recent quarters, particularly in the U. S.. However, we note that U. S. airlines as a whole are likely to be only barely profitable in 2006 and have distressed balance sheets.
More Quotes from Glenn Engel:
If it weren't for low fuel prices, industry profits would be down significantly in the fourth quarter.Glenn Engel
We estimate that after losing 4 billion pretax in 2005 and 28 billion over the past five years, the U.S. passenger airlines could approach break-even in 2006.
Glenn Engel
When BA starts growing aggressively again, then the U.K. government will be more willing to open up Heathrow. Why flood the market with supply now
Glenn Engel
This decision has been how many years The fact that there had been no decision at all was the same to BA-AA as an outright rejection.
Glenn Engel
People buy these stocks anticipating earnings surprises, so even though these are great earnings, there was no real positive earnings surprise. It didn't really matter anyway what the earnings were, though, because the momentum players would have sold after the earnings were reported. They buy on the rumor, sell on the news.
Glenn Engel
UAL shares are trading at post 911 lows despite boosting liquidity 93 billion in cash, 4 billion unencumbered planes as of 3020, achieving labor peace and improving service. We cannot imagine an industry recovery that leaves out United, which has the industry's most attractive network.
Glenn Engel
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