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[Strangle Player Bets on a Big Move for UAL Corp.]]>http://www.bloggingstocks.com/2010/04/15/strangle-player-bets-on-a-big-move-for-ual-corp/http://www.bloggingstocks.com/2010/04/15/strangle-player-bets-on-a-big-move-for-ual-corp/http://www.bloggingstocks.com/2010/04/15/strangle-player-bets-on-a-big-move-for-ual-corp/#commentsFiled under: , , ,

United Airlines parent UAL Corp. (UAUA) was singled out for a directionally neutral spread strategy on Wednesday, with one options trader betting on near-term volatility for the airline issue. Shortly after the opening bell, a block of 325 contracts changed hands on UAUA's June 24 call for the ask price of $1.32, indicating they were purchased. Simultaneously, a matching block of 325 June 16 puts traded at the ask price of $0.50, revealing these contracts were also bought.

Continue reading Strangle Player Bets on a Big Move for UAL Corp.

Strangle Player Bets on a Big Move for UAL Corp. originally appeared on BloggingStocks on Thu, 15 Apr 2010 12:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>callsLCCoptionsputsstrangleUAL Corp.UAUAUnited AirlinesUS Airways GroupvolatilityThu, 15 Apr 2010 12:40:00 EST<![CDATA[Call Buying Climbs on US Airways Group]]>http://www.bloggingstocks.com/2010/04/14/call-buying-climbs-on-us-airways-group/http://www.bloggingstocks.com/2010/04/14/call-buying-climbs-on-us-airways-group/http://www.bloggingstocks.com/2010/04/14/call-buying-climbs-on-us-airways-group/#commentsFiled under: , , ,

US Airways Group (LCC) has been in the spotlight ever since word hit the street that the airline was considering a potential merger with UAL Corp.'s (UAUA) United Airlines. Now the shares are attracting even more attention, thanks to an industry report suggesting that average summer airfares could rise 25% on a year-over-year basis.

As a result, LCC's call options have been drawing a crowd. On Tuesday alone, call volume surged to more than double the norm, with 7,345 contracts crossing the tape. During the course of the session, traders on the International Securities Exchange (ISE) alone bought to open 4,129 calls on the airline, compared to just one put.

Continue reading Call Buying Climbs on US Airways Group

Call Buying Climbs on US Airways Group originally appeared on BloggingStocks on Wed, 14 Apr 2010 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airfarescallsinthenewsLCCmergeroptionsshort interestshort sellerstechnical analysisUAL Corp.UAUAUS Airways GroupWed, 14 Apr 2010 12:20:00 EST<![CDATA[Bears Buy Puts in UAL Corp. (UAUA)]]>http://www.bloggingstocks.com/2010/02/16/bears-buy-puts-in-ual-corp-uaua/http://www.bloggingstocks.com/2010/02/16/bears-buy-puts-in-ual-corp-uaua/http://www.bloggingstocks.com/2010/02/16/bears-buy-puts-in-ual-corp-uaua/#commentsFiled under: ,

UAL Corp. (UAUA) shares have had quite a 2010, gaining roughly 23% year-to-date and rocketing 17% higher last Tuesday amid a broad rally in the airline sector. Earlier today, the stock hit a fresh 52-week high but has since retreated about 1.5%.

With the stock at historical highs, some option traders are predicting that a pullback is in the offing. The near-term March 15 puts have seen heightened activity today, with nearly 40,000 contracts trading in the first four hours of the session. Heading into today, this out-of-the-money put was home to fewer than 9,000 contracts, suggesting that the bulk of today's volume is being traded to open (and will translate as new open interest tomorrow).

Continue reading Bears Buy Puts in UAL Corp. (UAUA)

Bears Buy Puts in UAL Corp. (UAUA) originally appeared on BloggingStocks on Tue, 16 Feb 2010 16:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>inthenewsoptionsoptions tradingOptionsTradingPut buyingPut tradingPutBuyingPutTradingUAL Corp.UalCorp.UAUATue, 16 Feb 2010 16:20:00 EST<![CDATA[DOT overrides Justice, Continental Airlines wins antitrust relief]]>http://www.bloggingstocks.com/2009/07/13/dot-overrides-justice-continental-airlines-wins-antitrust-relie/http://www.bloggingstocks.com/2009/07/13/dot-overrides-justice-continental-airlines-wins-antitrust-relie/http://www.bloggingstocks.com/2009/07/13/dot-overrides-justice-continental-airlines-wins-antitrust-relie/#commentsFiled under: , , , , ,

Continental Airlines (NYSE: CAL) just got the relief it needs to compete. Despite resistance from the Department of Justice (which can only recommend), the Department of Transportation has granted the airline immunity from antitrust laws. This clears the way for Continental to work with United Airlines (NASDAQ: UAUA) -- and other carriers -- on international routes. Now, the airline can join Star Alliance, which already has antitrust immunity.

At the same time, DOT approved a joint venture among Continental, United, Lufthansa (OTC: DLAKY) and Air Canada. This new relationship would involve trans-Atlantic routes.

Continue reading DOT overrides Justice, Continental Airlines wins antitrust relief

DOT overrides Justice, Continental Airlines wins antitrust relief originally appeared on BloggingStocks on Mon, 13 Jul 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airlineairline industryairline sectorAirlineIndustryairlinesAirlineSectoramerican air travelamerican airlineamerican airlinesAmericanAirlineAmericanAirlinesAmericanAirTravelamramr corp.amrcorpAmrCorp.continentalcontinental airlinesContinentalAirlinesdaldeltadelta air linesdeltaairlinesdepartment of justicedepartment of transportationDepartmentOfJusticeDepartmentOfTransportationdojdotinthenewsskyteamstar allianceStarAllianceualual corp.ual corporationualcorpUalCorp.UalCorporationuauaunitedunited airlinesUnitedAirlinesMon, 13 Jul 2009 14:20:00 EST<![CDATA[There may be a 'micro airline' on your itinerary in the near future]]>http://www.bloggingstocks.com/2008/08/05/in-the-near-future-there-may-be-a-micro-airline-in-your-itine/http://www.bloggingstocks.com/2008/08/05/in-the-near-future-there-may-be-a-micro-airline-in-your-itine/http://www.bloggingstocks.com/2008/08/05/in-the-near-future-there-may-be-a-micro-airline-in-your-itine/#commentsFiled under: , , ,

What's one over-the-horizon trend that passengers (and investors) would be wise to monitor closely? Micro airlines.

Micro airlines will be small carriers that target the leisure travel market, stock analyst and frequent flier C. Leonard Bauer told BloggingStocks Tuesday.

Bauer is quick to point out that these carriers don't exist today -- the commercial aviation sector's financials can't currently support them -- but when design advances (including composites), increased engine efficiency, and a drop in oil and aviation fuel prices turn in the airline sector's favor, look for micro carriers to sprout, he predicted.

A streamlined air itinerary

Further, Bauer doesn't count current 'regional airlines' or 'express airlines' such as United Express as micro airlines because micro airlines will differ from the former in one significant way: "They'll have vastly reduced check-in times compared to regional airlines," Bauer said. "For a portion of the leisure travel public, this will be the deal-clincher." Bauer added that he doesn't own shares in nor have a rating on any airline.

Continue reading There may be a 'micro airline' on your itinerary in the near future

There may be a 'micro airline' on your itinerary in the near future originally appeared on BloggingStocks on Tue, 05 Aug 2008 16:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorbusiness travelcommercial aviationDallas Forth Worth International Airportexpress airlinesHartsfield Atlanta International AirportLaGuardia International Airportleisure traveloil pricesregional airlinestravelUALUAL Corp.Tue, 05 Aug 2008 16:30:00 EST<![CDATA[US Airways to start charging for water on flights, effective today]]>http://www.bloggingstocks.com/2008/08/01/us-airways-to-start-charging-for-water-on-flights-effective-tod/http://www.bloggingstocks.com/2008/08/01/us-airways-to-start-charging-for-water-on-flights-effective-tod/http://www.bloggingstocks.com/2008/08/01/us-airways-to-start-charging-for-water-on-flights-effective-tod/#commentsFiled under: , , ,

These are tough economic times for the nation, most would agree, and one hard-hit sector has been the airline sector, specifically the major carriers.

Surging fuel costs, the increased precautions and reviews required for the post-September 11 era, and intensifying competition for international routes has led to large losses among many major carriers - - a condition that has forced them to raise fares and implement other cost-cutting changes.

Most have also instituted a baggage fee for a passenger's second bag, with some carriers charging for all bags. Still, for the most part travelers have taken the baggage fees in stride. Although viewed as a nuisance by many travelers, the reality is a second bag, in particular, is optional weight that increases flying costs per mile. And with aviation fuel zooming past latte-price levels, that's no significant expense.

Still, US Airways Inc. may have gone one too far with the fee system. Effective today, US Airways will start charging for water on flights by coach passengers, The Wall Street Journal reported Friday (subscription required). Bottled water will be $2. Passengers flying first class are exempt from the extra fee.


Continue reading US Airways to start charging for water on flights, effective today

US Airways to start charging for water on flights, effective today originally appeared on BloggingStocks on Fri, 01 Aug 2008 14:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorairlinesAMRAMR Corp.aviation fuelaviation fuel pricesbaggage feebaggage feesbusiness travelDALDeltainthenewsjet fueljet fuel pricesleisure traveloil pricesoil shockOilShocktourismtravelUAL Corp.UAUAUS AirwaysFri, 01 Aug 2008 14:52:00 EST<![CDATA[Newspaper wrap-up: UAL Corp. to drop 70 more jets]]>http://www.bloggingstocks.com/2008/06/04/newspaper-wrap-up-ual-corp-to-drop-70-more-jets/http://www.bloggingstocks.com/2008/06/04/newspaper-wrap-up-ual-corp-to-drop-70-more-jets/http://www.bloggingstocks.com/2008/06/04/newspaper-wrap-up-ual-corp-to-drop-70-more-jets/#commentsFiled under: , , , ,

MAJOR PAPERS:
  • In a move to help cut expenses and save on fuel prices, UAL Corporation (NASDAQ: UAUA), parent of United Airlines, will reduce its 460 airplane fleet by 70 jets. Not yet known is how may jobs will be affected, the Wall Street Journal reported.
  • In an all stock deal, J.M. Smucker Co. (NYSE: SJM) is expected to buy Folgers coffee from The Proctor & Gamble Company (NYSE: PG) for an estimated $2B, according to the Wall Street Journal. Folgers, the best selling ground coffee in the U.S., has annual sales of about $1.6B.
  • The Financial Times reported that Lehman Brothers Holdings Inc (NYSE: LEH) lost $500M-$700M on some of its hedging positions in Q2, which have contributed to a larger than expected loss that could result in the bank raising more capital by selling a stake to an outside investor. Lehman has begun negotiations with potential investors, including asset managers and Asian banks, sources said.
OTHER PAPERS:
  • According to sources, the Rocky Mountain News reported that troubled home builder Beazer Homes USA Inc (NYSE: BZH) is pulling out of Colorado. Beazer, which is being investigated for mortgage fraud by several government agencies, has built homes in the suburbs of Denver and in Colorado Springs.

Newspaper wrap-up: UAL Corp. to drop 70 more jets originally appeared on BloggingStocks on Wed, 04 Jun 2008 08:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beazer homebeazer homesBeazerHomeBeazerHomesBZHfleet reductionFleetReductionfolgersfolgers coffeeFolgersCoffeeJM SmuckerJmSmuckerLEHlehman brotherslehman brothers hold...lehman brothers vent...LehmanBrothersLehmanBrothersHold...LehmanBrothersVent...PGprocter and gambleprocter gambleProcterAndGambleProcterGambleSJMual corpual corp.ual corporationUalCorpUalCorp.UalCorporationUAUAUnited AirlinesUnitedAirlinesWed, 04 Jun 2008 08:10:00 EST<![CDATA[Newspaper wrap-up: United Airlines puts US Airways on hold, talks to Continental ]]>http://www.bloggingstocks.com/2008/05/30/newspaper-wrap-up-united-airlines-puts-us-airways-on-hold-talk/http://www.bloggingstocks.com/2008/05/30/newspaper-wrap-up-united-airlines-puts-us-airways-on-hold-talk/http://www.bloggingstocks.com/2008/05/30/newspaper-wrap-up-united-airlines-puts-us-airways-on-hold-talk/#commentsFiled under: , , , , , , , ,

MAJOR PAPERS:
OTHER PAPERS:
WEB SITES:
  • AppleInsider reported that Apple Inc (NASDAQ: AAPL) is expected to announce a back-to-school deal soon that will encourage students to buy new Macs by offering some of the largest incentives in the history of the company.

Newspaper wrap-up: United Airlines puts US Airways on hold, talks to Continental originally appeared on BloggingStocks on Fri, 30 May 2008 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AAPLappleapplesCALchesapeakechesapeake energychesapeakeenergyCHKContinental AirlinesContinentalAirlinesLCCmac computermac computersMacComputerMacComputersmergerual corpual corp.ual corporationUalCorpUalCorp.UalCorporationUAUAUnited AirlinesUnitedAirlinesus airwaysus airways groupus airways group lccUsAirwaysUsAirwaysGroupUsAirwaysGroupLccFri, 30 May 2008 08:00:00 EST<![CDATA[Newspaper wrap-up: Heinz expected to raise earnings, sales projections]]>http://www.bloggingstocks.com/2008/05/29/newspaper-wrap-up-heinz-expected-to-raise-earnings-sales-proje/http://www.bloggingstocks.com/2008/05/29/newspaper-wrap-up-heinz-expected-to-raise-earnings-sales-proje/http://www.bloggingstocks.com/2008/05/29/newspaper-wrap-up-heinz-expected-to-raise-earnings-sales-proje/#commentsFiled under: , , , ,

MAJOR PAPERS:
  • H.J. Heinz Co. (NYSE: HNZ) is today expected to increase its sales and profit projections for the next two years, as it reports results of its fiscal year ended April 30. The Wall Street Journal reported that sales are to grow 6% or higher from 4%, while earnings per share growth for the next two years is projected to grow between 8% and 11% from the earlier projection of 7% to 9%.
  • It appears that Vistaprint Limited (NASDAQ: VPRT), a graphic design services and printed products company, counts on referral fees from pop up rewards programs on it website for a certain amount of its revenue and profit and also relies on the referral of its customers to outside firms offering rewards programs, which turns out to be a monthly fee for services such as discounts on movies and amusement parks, according to the Wall Street Journal's "Heard on the Street". Some believe the stock, whose shares have plummeted over concerns of slowing revenue and slimmer gross margins, may be trading too high for its own good.
  • According to people familiar with their plans, the Financial Times reported that the CEOs of UAL Corporation's (NASDAQ: UAUA) United Airlines and US Airways Group (NYSE: LCC) will today meet to discuss the carriers' potential merger agreement.
OTHER PAPERS:
  • The Independent reported that for the second time this month, Barclays Plc (NYSE: BCS) revised lower its calculation of analysts' consensus for its full-year profit, cutting its 2008 figure by nearly 8% to GBP5.876B pre-tax; Barclays cut the calculation 15% two weeks ago.

Newspaper wrap-up: Heinz expected to raise earnings, sales projections originally appeared on BloggingStocks on Thu, 29 May 2008 08:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BarclaysBCSh.j. heinzh.j. heinz companyH.j.HeinzH.j.HeinzCompanyHeinzHNZLCCual corpual corp.ual corporationUalCorpUalCorp.UalCorporationUAUAUnited AirlinesUnitedAirlinesus airwaysus airways groupUsAirwaysUsAirwaysGroupvistaprintVPRTThu, 29 May 2008 08:00:00 EST<![CDATA['Light flight' is in: High fuel costs mean big changes for airlines, travelers]]>http://www.bloggingstocks.com/2008/05/22/light-flight-is-in-high-fuel-costs-mean-big-changes-for-airli/http://www.bloggingstocks.com/2008/05/22/light-flight-is-in-high-fuel-costs-mean-big-changes-for-airli/http://www.bloggingstocks.com/2008/05/22/light-flight-is-in-high-fuel-costs-mean-big-changes-for-airli/#commentsFiled under: ,

The oil surge, which gives new indications daily that it's evolving into the world's third oil shock, bodes tougher times for airlines, and travelers alike, many analysts agree.

Moreover, those tougher times may propel "creative and avant-garde" ideas and strategies to cope with the more-challenging flying environment, by both airlines and travelers, so says C. Leonard Bauer, independent stock analyst.

American Airlines (NYSE: AMR) took the first, bold - - and controversial - - step in the 'era of new flying rules' by announcing that it would charge passengers $15 each way to check their first bag, The Dallas Morning News reported. American also reduced its flying schedule by 11-12% at the same time.

Bauer said travelers should brace for more a-la-carte changes from the major carriers, and some truly creative ones, at that. "The airlines will be looking at every way to reduce fuel usage and cover those expenses from added weight," Bauer said, "When oil was at $20 a barrel, weight was a cost factor, but now at more than $125 a barrel, it's a going-concern factor. These high fuel costs can and will force some airlines out of business if they can't recover these costs. 'Light flight' is in." Bauer added that he does not have a rating on nor own shares of any airline.

Continue reading 'Light flight' is in: High fuel costs mean big changes for airlines, travelers

'Light flight' is in: High fuel costs mean big changes for airlines, travelers originally appeared on BloggingStocks on Thu, 22 May 2008 12:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorAmerican AirlinesAMRbusiness travelDALDelta Airlinesenergy crisisinthenewsleisure travelLUVoil shockSouthwest AirlinestravelUALUAL Corp.UalCorp.Thu, 22 May 2008 12:45:00 EST<![CDATA[United-US Airways merger would benefit sector, analyst says]]>http://www.bloggingstocks.com/2008/05/06/united-us-airways-merger-would-benefit-sector-analyst-says/http://www.bloggingstocks.com/2008/05/06/united-us-airways-merger-would-benefit-sector-analyst-says/http://www.bloggingstocks.com/2008/05/06/united-us-airways-merger-would-benefit-sector-analyst-says/#commentsFiled under: , , , ,

Higher oil prices and the surging aviation fuel costs they imply may reduce the benefits of an airliner merger, such as the potential deal between United Airlines and U.S. Airways, but they don't eliminate a merger's long-term positives, an analyst argued Tuesday.

Further, C. Leonard Bauer, independent stock analyst, told BloggingStocks Tuesday the potential United-US Airways union would benefit the sector in that it would be the second merger this year among major airlines in the United States, also known as the legacy carriers.

Shares of UAL Corp. (NYSE: UAUA), parent of United Airlines, are down 88 cents to $14.10, while US Airways (NYSE: LCC) are down 55 cents to $7.79 in Tuesday trading.

Sector right-sizing

"The deal would take another legacy carrier off the table, after the Delta-Northwest merger, and that can only help the sector from an earnings standpoint," Bauer said. "The United States airline sector leads the league in airline route redundancy and duplicate hubs. This second deal would further tighten the sector."

Continue reading United-US Airways merger would benefit sector, analyst says

United-US Airways merger would benefit sector, analyst says originally appeared on BloggingStocks on Tue, 06 May 2008 16:53:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorCALcommercial aviationContinental AirlinesDALDelta AirlinesinthenewsLCCtravelUAL Corp.UAUAUS Airways GroupTue, 06 May 2008 16:53:00 EST<![CDATA[Pilots' seniority issue won't ground Delta / Northwest deal for long]]>http://www.bloggingstocks.com/2008/02/28/pilots-seniority-issue-wont-ground-delta-northwest-deal-for/http://www.bloggingstocks.com/2008/02/28/pilots-seniority-issue-wont-ground-delta-northwest-deal-for/http://www.bloggingstocks.com/2008/02/28/pilots-seniority-issue-wont-ground-delta-northwest-deal-for/#commentsFiled under: , , , ,

Look for the stalled Delta Air Lines (NYSE: DAL) / Northwest Airline (NYSE: NWA) deal talks to regain momentum and the merger to be announced in the week ahead, an analyst confidently told BloggingStocks Thursday.

Independent stock analyst C. Leonard Bauer, formerly of Prudential, said the Delta / Northwest talks may be stalled by the inability of the companies' pilots unions to reach an agreement on seniority lists, but that traditional, formidable hurdle will not stop this deal from coming to fruition due to its "strong marriage fundamentals."

Attractive fundamentals

Bauer said three fundamentals will drive the deal: absence of overlapping city pairs, economies of scale and passenger demand.

"First, there's the overall flight route fit. Delta and Northwest have only 10 or 12 cities pairs that overlap, so from a destination coverage standpoint, the deal is very attractive," Bauer said. "Second, the new company will have massive economies of scale and will be a force in the new global market. This will be a profitable airline."

Continue reading Pilots' seniority issue won't ground Delta / Northwest deal for long

Pilots' seniority issue won't ground Delta / Northwest deal for long originally appeared on BloggingStocks on Thu, 28 Feb 2008 15:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorAMRAMR Corp.business travelCALcommercial aviationContinental AirlinesDALDelta Air Linesfeaturedleisure travelNorthwest AirlinesNWAtravelUAL Corp.UAUAThu, 28 Feb 2008 15:20:00 EST<![CDATA[Airline mergers seen preparing U.S. carriers for new global travel era]]>http://www.bloggingstocks.com/2008/02/20/airline-mergers-seen-preparing-u-s-carriers-for-new-global-trav/http://www.bloggingstocks.com/2008/02/20/airline-mergers-seen-preparing-u-s-carriers-for-new-global-trav/http://www.bloggingstocks.com/2008/02/20/airline-mergers-seen-preparing-u-s-carriers-for-new-global-trav/#commentsFiled under: , , , ,

Is the U.S. airline sector on the eve of another transformation? One analyst thinks it may be, if recent merger rumblings are any indication.

The Delta Air Lines (NYSE: DAL) / Northwest Airline (NYSE: NWA) merger discussions and chatter that Germany's Lufthansa is considering an investment in a potential merger between United (NASDAQ: UAUA) and Continental (NYSE: CAL) suggest to independent equities analyst C. Leonard Bauer that a new commercial aviation paradigm may be up ahead.

"When you look back at the last 30 years, you can say that the 1980s, clearly, was the decade when mergers were needed to meet the demands of the new market, basically the mass consumer market in the U.S.," Bauer told BloggingStocks Wednesday. "Those larger carriers' lowered seat prices led to a huge increase in domestic travel, which helped bring flight travel to the typical citizen."

Continue reading Airline mergers seen preparing U.S. carriers for new global travel era

Airline mergers seen preparing U.S. carriers for new global travel era originally appeared on BloggingStocks on Wed, 20 Feb 2008 17:26:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorairlinesAMRAMR Corp.business travelcommercial aviationContinental AirlinesDALDelta AirlinesGermanyglobalizationleisure travelLufthansamergersNorthwest AirNWAUAL Corp.UAUAWed, 20 Feb 2008 17:26:00 EST<![CDATA[Delta, Northwest may merge to create world's biggest airline]]>http://www.bloggingstocks.com/2008/02/11/delta-northwest-may-merge-to-create-worlds-biggest-airline/http://www.bloggingstocks.com/2008/02/11/delta-northwest-may-merge-to-create-worlds-biggest-airline/http://www.bloggingstocks.com/2008/02/11/delta-northwest-may-merge-to-create-worlds-biggest-airline/#commentsFiled under: ,

Delta Air Lines and Northwest Airlines may reach a merger agreement within weeks after sharing details of the plan with pilot unions, people close to the talks said, Bloomberg News reported Monday.

An announcement of the merger may come within weeks, Bloomberg News reported.

The merger would create the world's biggest airline in terms of traffic, Delta served about 74 million passengers in 2007; Northwest, about 56 million. The combined entity would vault past no. 1 carrier American Airlines (NYSE: AMR), which served 129.5 million passengers.

Delta's (NYSE: DAL) shares were down 23 cents to $19.95, while Northwest (NYSE: NWS) declined 23 cents to $20.62 in Monday afternoon trading.

Analyst C. Leonard Bauer told BloggingStocks Monday a Delta / Northwest represents a good operational fit, for several reasons.

Continue reading Delta, Northwest may merge to create world's biggest airline

Delta, Northwest may merge to create world's biggest airline originally appeared on BloggingStocks on Mon, 11 Feb 2008 15:47:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>airline sectorAirlineSectorAMRAMR Corp.business travelCALContinental AirlinesDALDeltainthenewsleisure travelLufthansaLUVmergersNorthwest AirlinesNWSSouthwest AirlinestravelUAL Corp.UAUAMon, 11 Feb 2008 15:47:00 EST