Hello everyone! This week’s edition of PlaneBusiness Banter is now posted!
This week we do our in-depth review of 4Q earnings from Spirit, Skywest, and Air Canada. We also have the PlaneBusiness Earnings Summary for Virgin America, which reported earnings Wednesday. We’ll talk more about those results next week.
In other news, did you catch the sharp drop in Bombardier’s shares last week? The company reported 4Q14 earnings, along with a whole lot of other news, including a departure of a CEO, an admission that it needs more cash; and more. Shares of the Canadian transportation company took a serious hit as a result — and rightfully so.
But the most talked about news of the week was the interview of Delta Air Lines‘ CEO Richard Anderson by CNN’s Richard Quest.
The subject — a more than two year research effort by the U.S major carriers that attempts to document the illegal subsidies that the three Middle Eastern carriers have benefited from.
Unfortunately Richard decided to take the Fox News approach — and link the Middle Eastern carriers to those who carried out the attacks of 9/11.
Wrong message. Completely.
We’ve see the documentation that the airlines have presented to the DOT, and we talk this week about our opinion on all of this.
Meanwhile, on the stock side, shares of Expedia flew off the charts last week, pushed by news of its deal to buy Orbitz. We give you our take on this news as well.
As usual, all this and more in this next-to-last earnings issue for the quarter of PlaneBusiness Banter.