Greetings to all on what was a very hot Memorial Day here in the Dallas-Ft.Worth Metromess.
I hope all of you had a good Memorial Day holiday and most importantly, I hope all of you took a minute between bites of your grilled hamburgers to thank those who serve this country in our Armed Forces. Or who have served.
The latest issue of PlaneBusiness Banter is now posted. Subscribers can access the newly posted issue here.
This week I talk about the new “ugly girl” in the industry. Yep, I’m talking about American Airlines and that airline’s merger options.
But American is in the news for other things — including yet another TA with a TWU-represented employee group. However, to say the union leadership gave the deal a lukewarm endorsement would be an understatement.
British Airways saw itself in the middle of yet another strike by its cabin crew members today. This one started on Sunday and as today is a Bank Holiday in the U.K, the work slowdown will probably hit the airline a bit more than the last one. Which just ended on Friday of last week.
I know. It’s pure insanity.
This last week airline stocks had a great week with shares of US Airways leading the pack. Handily. The main reason for this sudden burst of vitality? Two bullish analyst notes. JP Morgan analyst Jamie Baker upgraded the entire sector, and had very positive things to say about US Airways in particular. His comments were then followed by a bullish American Airlines/US Airways research note issued by Bob McAdoo with Avondale Partners just a few hours later.
The combined one-two punch was clearly felt across the sector, but especially in shares of US Airways.
Is the Porter Airlines IPO in trouble? First quarter numbers sure didn’t help it much.
Virgin Blue had a surprise for its investors this week, and in our Market Review this week we talk about the resurgence of private equity support for the aircraft leasing sector.
All this and more in this week’s edition of PlaneBusiness Banter.