BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Priceline.com Reports Q3 Results: What About the Stock?]]>http://www.bloggingstocks.com/2010/11/09/priceline-com-reports-q3-results-what-about-the-stock/http://www.bloggingstocks.com/2010/11/09/priceline-com-reports-q3-results-what-about-the-stock/http://www.bloggingstocks.com/2010/11/09/priceline-com-reports-q3-results-what-about-the-stock/#commentsFiled under: ,

Priceline.com (PCLN) issued its third-quarter report yesterday after the bell. The market sent the stock of the online-travel concern higher by 6% in the extended-hours session, bringing it up to $412.

That was well past the 52-week high of $393.33. With a 52-week low set at $167.25, this company has one heck of a yearly range. Those who got in at the low and have still held on must be doing some kind of victory dance right about now.

Continue reading Priceline.com Reports Q3 Results: What About the Stock?

Priceline.com Reports Q3 Results: What About the Stock? originally appeared on BloggingStocks on Tue, 09 Nov 2010 09:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>EXPEExpediafeaturedinthenewsonline bookingPCLNpriceline.comtravelTue, 09 Nov 2010 09:00:00 EST<![CDATA[Southwest Airlines to Purchase AirTran]]>http://www.bloggingstocks.com/2010/09/27/southwest-airlines-to-acquire-airtran/http://www.bloggingstocks.com/2010/09/27/southwest-airlines-to-acquire-airtran/http://www.bloggingstocks.com/2010/09/27/southwest-airlines-to-acquire-airtran/#commentsFiled under: , , , ,

Southwest Airlines (LUV) logoMore Monday merger fun, this time from the airline sector. Reportedly, Southwest Airlines (LUV) announced that it will purchase AirTran Airlines for roughly $1.42 billion.

This move will be funded mainly with debt, and it will help Southwest establish a larger presence in cities like Boston and New York. What's more (as the article points out), Southwest will now be in "head-to-head competition with Delta Air Lines in Delta's home base of Atlanta."

Continue reading Southwest Airlines to Purchase AirTran

Southwest Airlines to Purchase AirTran originally appeared on BloggingStocks on Mon, 27 Sep 2010 11:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airlineairline industryairline mergersairlinesAirTranCALContinentalDALDeltafeaturedinthenewsSouthwesttravelUALUAUAUnited AirlinesMon, 27 Sep 2010 11:00:00 EST<![CDATA[Tired of Looking for Work? See the World Instead!]]>http://www.bloggingstocks.com/2010/07/04/tired-of-looking-for-work-see-the-world-instead/http://www.bloggingstocks.com/2010/07/04/tired-of-looking-for-work-see-the-world-instead/http://www.bloggingstocks.com/2010/07/04/tired-of-looking-for-work-see-the-world-instead/#commentsFiled under: , , , ,

travelWith the unemployment rate hovering near 10%, bad news on the TV and job prospects dwindling, it can be tempting to retreat to a nice beach somewhere until the economy turns around. Some people are actually doing it! Rather than sitting around and moping until the economy recovers, you can go see the world and have the trip of a lifetime.

Out of work and taking a vacation? You probably want some of what I am smoking? Well, listen up!

Continue reading Tired of Looking for Work? See the World Instead!

Tired of Looking for Work? See the World Instead! originally appeared on BloggingStocks on Sun, 04 Jul 2010 13:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>jobsMAMonsterPCLNTime Warner CabletravelTWCunemployemntVisaSun, 04 Jul 2010 13:40:00 EST<![CDATA[Google to Purchase ITA Software]]>http://www.bloggingstocks.com/2010/07/02/google-buys-ita-software/http://www.bloggingstocks.com/2010/07/02/google-buys-ita-software/http://www.bloggingstocks.com/2010/07/02/google-buys-ita-software/#commentsFiled under:

GoogleNews is surfacing that Google (GOOG) will purchase ITA Software. ITA is a technology company that owns specialized software that enables customers to find "sophisticated flight information." The acquisition will allow Google users to comparison shop for airline tickets.

Before we get all excited about how much money this is going to add to Google's bottom line, remember that it will not be earning money on tickets sold as the company is not entering the travel business. That said, this acquisition and the airline search service could drive more traffic to Google (if that is even possible), which leads to more page views, which leads to more money.

Continue reading Google to Purchase ITA Software

Google to Purchase ITA Software originally appeared on BloggingStocks on Fri, 02 Jul 2010 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air carriersairlinesfeaturedGoogleinthenewsITA Softwaresearch enginesticketstraveltravel pricestravel searchFri, 02 Jul 2010 12:30:00 EST<![CDATA[Oil's First Losing Quarter Since 2008]]>http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/http://www.bloggingstocks.com/2010/07/01/oils-first-losing-quarter-since-2008/#commentsFiled under: , , ,

falling oil pricesOil prices have been falling recently, and they continued to fall Wednesday, resulting in oil having its first losing quarter since the end of 2008.

Oil prices have dropped by 9.7% since the end of the first quarter on growing concerns over the global economy and due to lackluster summer demand.

On Tuesday, the big news was that China was growing slower than previously expected. On Wednesday, we had two pieces of news affecting oil prices: oil inventories and a weak jobs report.

Continue reading Oil's First Losing Quarter Since 2008

Oil's First Losing Quarter Since 2008 originally appeared on BloggingStocks on Thu, 01 Jul 2010 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinafeaturedgasolineinthenewsoiloil inventoriesoil pricestravelThu, 01 Jul 2010 08:00:00 EST<![CDATA[Airlines Now Seen Earning $2.5 Billion Globally in 2010, IATA Says]]>http://www.bloggingstocks.com/2010/06/07/airlines-now-seen-earning-2-5-billion-globally-in-2010-iata-sa/http://www.bloggingstocks.com/2010/06/07/airlines-now-seen-earning-2-5-billion-globally-in-2010-iata-sa/http://www.bloggingstocks.com/2010/06/07/airlines-now-seen-earning-2-5-billion-globally-in-2010-iata-sa/#commentsFiled under: ,

Monday's economic good news data point came from the airline industry: The International Air Transport Association (IATA) now expects the industry to post a $2.5 billion profit in 2010.

In March, the IATA had forecast that the industry would lose $2.8 billion in 2010.

"The global economy is recovering from the depths of the financial crisis much more quickly than could have been anticipated," Giovanni Bisignani, IATA's Director General and CEO said Monday, in a statement. "Airlines are benefiting from a strong traffic rebound that is pushing the industry into the black. We thought that it would take at least three years to recover the $81 billion 14.3% drop in revenues in 2009. But the $62 billion top line improvement this year puts us about 75% on the way to pre-crisis levels."

Continue reading Airlines Now Seen Earning $2.5 Billion Globally in 2010, IATA Says

Airlines Now Seen Earning $2.5 Billion Globally in 2010, IATA Says originally appeared on BloggingStocks on Mon, 07 Jun 2010 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectoriatainthenewstravelMon, 07 Jun 2010 15:30:00 EST<![CDATA[Priceline.com Receives Upgrade: Should Investors Buy?]]>http://www.bloggingstocks.com/2010/05/25/priceline-com-receives-upgrade-should-investors-buy/http://www.bloggingstocks.com/2010/05/25/priceline-com-receives-upgrade-should-investors-buy/http://www.bloggingstocks.com/2010/05/25/priceline-com-receives-upgrade-should-investors-buy/#commentsFiled under: , ,

Priceline upgradePriceline.com (PCLN) has a 52-week range indicative of some very interesting price action. The 52-week low is $98.51. The 52-week high is $273.93. The stock closed on Monday at $193.14, up just about 1% for the day.

The big brand of online travel, which competes with Expedia (EXPE), received an upgrade Monday. Soleil Securities took its rating of the company from hold to buy; however, the price target was lowered from $250 to $230 at the same time. It's always odd when that happens, but the important take-away here is the rating firm's belief in potential upside from current prices.

Continue reading Priceline.com Receives Upgrade: Should Investors Buy?

Priceline.com Receives Upgrade: Should Investors Buy? originally appeared on BloggingStocks on Tue, 25 May 2010 09:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>EXPEExpediainthenewsonline bookingPCLNpricelineSoleil SecuritiestravelTue, 25 May 2010 09:30:00 EST<![CDATA[Emerging Markets Seen Leading 2010 Global Air Travel Rebound]]>http://www.bloggingstocks.com/2010/03/11/emerging-markets-seen-leading-2010-global-air-travel-rebound/http://www.bloggingstocks.com/2010/03/11/emerging-markets-seen-leading-2010-global-air-travel-rebound/http://www.bloggingstocks.com/2010/03/11/emerging-markets-seen-leading-2010-global-air-travel-rebound/#commentsFiled under:

Need another sign that the global economic recovery is gaining momentum?

Here's one: global airlines continue to recover, with emerging markets in Asia and Latin America (not surprisingly) leading the way.

The International Air Transport Association (IATA) Thursday lowered its 2010 airline loss estimate to $2.8 billion from the previously released $5.6 billion loss. The IATA also lowered its 2009 loss estimate to $9.4 billion from the previously-released $11 billion, due to the year-end momentum in travel.

Continue reading Emerging Markets Seen Leading 2010 Global Air Travel Rebound

Emerging Markets Seen Leading 2010 Global Air Travel Rebound originally appeared on BloggingStocks on Thu, 11 Mar 2010 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airlinesasiaIATAlatin americatravelThu, 11 Mar 2010 17:00:00 EST<![CDATA[U.S. Airlines to Face $27,500 Per Passenger Fine for Long Tarmac Delays]]>http://www.bloggingstocks.com/2010/03/10/u-s-airlines-to-face-27-500-per-passenger-fine-for-long-tarmac/http://www.bloggingstocks.com/2010/03/10/u-s-airlines-to-face-27-500-per-passenger-fine-for-long-tarmac/http://www.bloggingstocks.com/2010/03/10/u-s-airlines-to-face-27-500-per-passenger-fine-for-long-tarmac/#commentsFiled under: ,

It's a bitter pill for U.S. airlines, but it's medicine they have to take.

Beginning next month, airlines can be fined up to $27,500 per passenger if a plane is delayed three hours and passengers can't get off the plane, according to a new federal rule issued by the U.S. Department of Transportation, The Associated Press reported Wednesday.

Airlines may respond by canceling flights, but the goal of the program is to encourage airlines to do a better job of scheduling flights and crews -- and, by extension, a better job of treating passengers.

Continue reading U.S. Airlines to Face $27,500 Per Passenger Fine for Long Tarmac Delays

U.S. Airlines to Face $27,500 Per Passenger Fine for Long Tarmac Delays originally appeared on BloggingStocks on Wed, 10 Mar 2010 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline delaysairlinesfeaturedtravelWed, 10 Mar 2010 16:30:00 EST<![CDATA[JFK Runway Repair May Increase Spring Air Travel Delays]]>http://www.bloggingstocks.com/2010/03/02/jfk-runway-repair-may-increase-spring-air-travel-delays/http://www.bloggingstocks.com/2010/03/02/jfk-runway-repair-may-increase-spring-air-travel-delays/http://www.bloggingstocks.com/2010/03/02/jfk-runway-repair-may-increase-spring-air-travel-delays/#commentsFiled under: ,

Travelers using the U.S.'s air travel system, already groaning from more than a decade of inadequate maintenance, will have to bear with another hardship for four months as the longest runway at New York's JFK International Airport undergoes repairs, The Wall Street Journal reported (subscription required.)

One-third of JFK's traffic and half of its departures with be diverted to three smaller runways, resulting in longer lines at take-offs/landings, the AP reported.

How does work on JFK's Bay Runway affect travelers in San Francisco, Los Angeles, Dallas, etc.? As veteran air travelers know, the U.S.'s air travel system is so efficient and interdependent that travel delays at one hub frequently ripple throughout the system.

Continue reading JFK Runway Repair May Increase Spring Air Travel Delays

JFK Runway Repair May Increase Spring Air Travel Delays originally appeared on BloggingStocks on Tue, 02 Mar 2010 17:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>inthenewsJFK airportJFK runway repairsJfkAirportJfkRunwayRepairstravelTue, 02 Mar 2010 17:20:00 EST<![CDATA[Expedia Posts Strong Fourth Quarter]]>http://www.bloggingstocks.com/2010/02/12/expedia-posts-strong-fourth-quarter/http://www.bloggingstocks.com/2010/02/12/expedia-posts-strong-fourth-quarter/http://www.bloggingstocks.com/2010/02/12/expedia-posts-strong-fourth-quarter/#commentsFiled under: , ,

Online travel entity Expedia, inc. (EXPE), whose big competitor in the space is Priceline.com (PCLN), posted fourth-quarter data (this link opens to a .pdf file) on Thursday. Judging by the growth presented in the release, I believe one can say the company is executing its strategies pretty well.

Revenues increased 12%. Unfortunately, the margin on that revenue dipped. On the other hand, let's not forget that adjusted earnings expanded by over 30% to 30 cents per share. According to Reuters, analysts wanted 29 cents per share. Yep, it's the proverbial beat-by-a-penny scenario.

Continue reading Expedia Posts Strong Fourth Quarter

Expedia Posts Strong Fourth Quarter originally appeared on BloggingStocks on Fri, 12 Feb 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>EXPEexpediainthenewsonline bookingOnlineBookingPCLNpriceline.comtravelFri, 12 Feb 2010 16:40:00 EST<![CDATA[AMR Finds New Way to Nickel and Dime You]]>http://www.bloggingstocks.com/2010/02/09/amr-finds-new-way-to-nickel-and-dime-you/http://www.bloggingstocks.com/2010/02/09/amr-finds-new-way-to-nickel-and-dime-you/http://www.bloggingstocks.com/2010/02/09/amr-finds-new-way-to-nickel-and-dime-you/#commentsFiled under: ,

American Airlines (AMR) has become about as low-rent as one could imagine. I can stomach paying to check bags and for snacks. To me, it makes sense, as they provide important revenue streams and strike me as products and services for which it's possible to charge with little disruption to the passenger experience.

But, as of May 1, 2010, the airline will be charging $8 for a blanket and inflatable neck pillow on flights lasting more than two hours - including flights to Hawaii, Canada, Mexico, the Caribbean and Central America. But, for your trouble, American will toss in a $10 coupon towards a purchase of more than $30 from Bed Bath & Beyond (BBBY).

Of course, on flights lasting less than two hours, American's policy is BYO. If you want to stay warm, cram your own blanket into your carry-on.

Continue reading AMR Finds New Way to Nickel and Dime You

AMR Finds New Way to Nickel and Dime You originally appeared on BloggingStocks on Tue, 09 Feb 2010 09:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airline feesAirlineIndustryairlinesAirlineSectoramerican airlinesAMRAMR Corp.AmrCorp.BBBYBed Bath and Beyondbed bath beyondfeaturedtourism and travelTourism industrytraveltravel industryTue, 09 Feb 2010 09:40:00 EST<![CDATA[Boeing Flies Its Biggest Plane to Date]]>http://www.bloggingstocks.com/2010/02/08/boeing-flies-its-biggest-plane-to-date/http://www.bloggingstocks.com/2010/02/08/boeing-flies-its-biggest-plane-to-date/http://www.bloggingstocks.com/2010/02/08/boeing-flies-its-biggest-plane-to-date/#commentsFiled under: , , , , ,

It was a big day for aerospace giant The Boeing Company (BA), which celebrated the inaugural flight of the biggest plane the company has ever built.

The plane, the Boeing 747-8, was originally planned to get off the ground over a year ago, but the delay did not dampen the mood at today's take off. Hundreds of employees and spectators on hand to watch the massive 253 foot jumbo jet take flight for the first time.

Continue reading Boeing Flies Its Biggest Plane to Date

Boeing Flies Its Biggest Plane to Date originally appeared on BloggingStocks on Mon, 08 Feb 2010 19:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>air travelairlinersAirTravelBAboeingcargoplanejetsplanestravelMon, 08 Feb 2010 19:00:00 EST<![CDATA[Continental CEO Not Taking a Dime Until Profit Comes]]>http://www.bloggingstocks.com/2010/01/05/continental-ceo-not-taking-a-dime-until-profit-comes/http://www.bloggingstocks.com/2010/01/05/continental-ceo-not-taking-a-dime-until-profit-comes/http://www.bloggingstocks.com/2010/01/05/continental-ceo-not-taking-a-dime-until-profit-comes/#commentsFiled under: , ,

No profit no bonus -- hell, make that no salary. The new CEO of Continental Airlines (CAL), Jeffery Smisek, says he won't take any salary or annual bonus until he brings the airline to profitability.

Smisek took the top job at Continental after the previous CEO, Lawrence Kellner, left the gig to go to a private equity firm. Last year, the firm lost $367 million in the first three quarters. A Thomson Reuters survey of analysts expects a fourth quarter loss of at least $38 million, though they're looking for a profit of at least $190 million for this year. So, Wall Street has already set Smisek's goal for him.

Continue reading Continental CEO Not Taking a Dime Until Profit Comes

Continental CEO Not Taking a Dime Until Profit Comes originally appeared on BloggingStocks on Tue, 05 Jan 2010 09:40:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airlineairline industryairline sectorAirlineIndustryairlinesAirlineSectorcontinentalContinental airlinesContinentalAirlinesfeaturedtourism and travelTourismAndTraveltravelTue, 05 Jan 2010 09:40:00 EST<![CDATA[Road Warrior: My first ride on the Airbus 380, one heck of a plane]]>http://www.bloggingstocks.com/2009/11/06/road-warrior-my-first-ride-on-the-airbus-380-one-heck-of-a-pla/http://www.bloggingstocks.com/2009/11/06/road-warrior-my-first-ride-on-the-airbus-380-one-heck-of-a-pla/http://www.bloggingstocks.com/2009/11/06/road-warrior-my-first-ride-on-the-airbus-380-one-heck-of-a-pla/#commentsFiled under: ,

Imagine being able to fetch water when you need it mid-flight? Or grab a snack between meals? As I found recently, you get a bit more freedom within the confines of the walls of the largest commercial aircraft.

My first flight aboard the gigantic Airbus 380 was approached with hesitance and fear of spending the next half-day in a middle seat. That's a fear, I'm sure, we've all had at least once in the past. My fear tempered when I spotted a window-seat behind my assigned row. The last row, but a window in the last is much better than a middle in the second-to-last!

Continue reading Road Warrior: My first ride on the Airbus 380, one heck of a plane

Road Warrior: My first ride on the Airbus 380, one heck of a plane originally appeared on BloggingStocks on Fri, 06 Nov 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airbustravelFri, 06 Nov 2009 13:20:00 EST<![CDATA[Royal Caribbean's Oasis of the Seas: A floating resort city]]>http://www.bloggingstocks.com/2009/11/02/royal-caribbeans-oasis-of-the-seas-a-floating-resort-city/http://www.bloggingstocks.com/2009/11/02/royal-caribbeans-oasis-of-the-seas-a-floating-resort-city/http://www.bloggingstocks.com/2009/11/02/royal-caribbeans-oasis-of-the-seas-a-floating-resort-city/#commentsFiled under: , ,

Royal Caribbean Cruises Ltd. (NYSE: RCL) reports Q3 earnings results Tuesday, hence I'll await those results before re-evaluating the stock, but today we'll take a moment to highlight a high-profile addition to its fleet: the Oasis of the Seas -- the world's largest oceanliner.

Five times larger than the SS Titanic -- 225,282 gross tons and 1,181 feet in length versus Titanic's 46,328 gross tons and 830 feet in length -- the $1.5 billion Oasis will perhaps represent the world's largest and elaborate floating city, in terms of creature comforts (U.S. Nimitz-class aircraft carriers can carry more people, but no, the U.S. Navy does not offer as lavish accommodations nor as much per-person space for military personnel).

Continue reading Royal Caribbean's Oasis of the Seas: A floating resort city

Royal Caribbean's Oasis of the Seas: A floating resort city originally appeared on BloggingStocks on Mon, 02 Nov 2009 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>cruisesOasis of the SeasRCLRoyal Caribbean CruisestravelMon, 02 Nov 2009 18:20:00 EST<![CDATA[AMR: Q3 could have been worse; AirTran solid]]>http://www.bloggingstocks.com/2009/10/22/amr-q3-could-have-been-worse-airtran-solid/http://www.bloggingstocks.com/2009/10/22/amr-q3-could-have-been-worse-airtran-solid/http://www.bloggingstocks.com/2009/10/22/amr-q3-could-have-been-worse-airtran-solid/#commentsFiled under: ,

American Airlines had yet another difficult quarter, not unexpected in what has become an incredibly deep travel slump. The carrier's parent company, AMR Corp. (NYSE: AMR), reported a third quarter loss of $359 million, largely because there aren't as many business travelers taking to the skies. Corporate travel budgets in all industries are having an effect on all airlines, including AMR.

Revenue plunged 20.2% year-over-year for the third quarter for the nation's second airline. The loss comes after a $31 million gain last year. This quarter's losses would have been slightly better if write-downs for sold or grounded aircraft were excluded -- the loss would have been $265 million (93 cents a share) on revenue of $5.09 billion. With the write-downs, revenue clocked in at $5.13 billion. Cheaper fuel made the quarter a little easier for AMR to bear, as well, with this expense down 47% year-over-year.

Continue reading AMR: Q3 could have been worse; AirTran solid

AMR: Q3 could have been worse; AirTran solid originally appeared on BloggingStocks on Thu, 22 Oct 2009 09:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airlineairline sectorairline stocksairlinesamerican airlinesamramr corp.corporate travelinthenewstravelThu, 22 Oct 2009 09:40:00 EST<![CDATA[American Airlines: A play with promise, but also with high risk]]>http://www.bloggingstocks.com/2009/10/14/american-airlines-a-play-with-promise-but-also-with-high-risk/http://www.bloggingstocks.com/2009/10/14/american-airlines-a-play-with-promise-but-also-with-high-risk/http://www.bloggingstocks.com/2009/10/14/american-airlines-a-play-with-promise-but-also-with-high-risk/#commentsFiled under: ,

There is that old international economics joke that goes, 'And in the end, there will be 3 banks.'

Actually, up ahead there may only be just 3 U.S. airlines, and AMR Corp. (NYSE: AMR), parent of American Airlines, will likely be one, which is why I'm reiterating my Buy rating for AMR, first recommended on June 25, 2009 at a price of $4.28. If you bought AMR then, you're up an impressive 79%.

Continue reading American Airlines: A play with promise, but also with high risk

American Airlines: A play with promise, but also with high risk originally appeared on BloggingStocks on Wed, 14 Oct 2009 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airlinesamerican airlinesAmericanAirlinestravelWed, 14 Oct 2009 16:30:00 EST<![CDATA[USA Today sees circulation off 17%, blames travel]]>http://www.bloggingstocks.com/2009/10/12/usa-today-sees-circulation-off-17-blames-travel/http://www.bloggingstocks.com/2009/10/12/usa-today-sees-circulation-off-17-blames-travel/http://www.bloggingstocks.com/2009/10/12/usa-today-sees-circulation-off-17-blames-travel/#commentsFiled under: , ,

McNews is being squeezed by two market downturns. So, if you think most newspapers have it bad, realize that it could be much worse.

Gannett's (NYSE: GCI) major national paper, USA Today, is getting ready to report a 17% drop in circulation - the largest it has ever sustained. The popular daily is fighting a battle on two fronts. It has to deal with a media slump and a travel recession. It's hard to pick two tougher industries in this economic climate.

Continue reading USA Today sees circulation off 17%, blames travel

USA Today sees circulation off 17%, blames travel originally appeared on BloggingStocks on Mon, 12 Oct 2009 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>audit bureau of circulationsgannettgciinthenewsnewspaper industrynewspapersprint mediatraveltravel industryusa todayUsaTodayMon, 12 Oct 2009 11:10:00 EST<![CDATA[Delta raises cash and refinances debt to strengthen liquidity]]>http://www.bloggingstocks.com/2009/09/29/delta-raises-cash-and-refinances-debt-to-strengthen-liquidity/http://www.bloggingstocks.com/2009/09/29/delta-raises-cash-and-refinances-debt-to-strengthen-liquidity/http://www.bloggingstocks.com/2009/09/29/delta-raises-cash-and-refinances-debt-to-strengthen-liquidity/#commentsFiled under:

Late Monday, Delta Air Lines (NYSE: DAL) announced it raised $600 million in cash and refinanced $1.5 billion in debt in order to help strengthen its liquidity position in 2010. DAL now believes its unrestricted cash balance will be $5.6 billion at the end of the quarter, adding that its refinancing has now addressed more than 40% of next year's loan maturities. The airliner stated that its refinancing has now addressed more than 40% of next year's loan maturities.

Strengthening liquidity is a smart move as it can help the airline conquer some of its technical hurdles. DAL is enjoying a bit of a rally thus far in the calendar year (after starting 2009 with a sharp drop), but I am a bit concerned about its current battle with the $10 level. This round-number level has acted as resistance during the past two weeks, and it could continue in this role. The shares could overcome this resistance with some help from its 10-week and 10-day moving averages.

Continue reading Delta raises cash and refinances debt to strengthen liquidity

Delta raises cash and refinances debt to strengthen liquidity originally appeared on BloggingStocks on Tue, 29 Sep 2009 09:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorairlinesAirlineSectordalinthenewsliquidityrefinancingtravelTue, 29 Sep 2009 09:50:00 EST