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[Carnival Corp. sails on strong earnings]]>http://www.bloggingstocks.com/2009/09/22/carnival-corp-sails-on-strong-earnings/http://www.bloggingstocks.com/2009/09/22/carnival-corp-sails-on-strong-earnings/http://www.bloggingstocks.com/2009/09/22/carnival-corp-sails-on-strong-earnings/#commentsFiled under: , ,

Carnival Corporation Third Quarter EarningsShares of cruise ship operator Carnival Corp. (NYSE: CCL) are soaring today after the company posted better than expected earnings for its fiscal third quarter.

As we noted Monday in our earnings preview, analysts had been expecting the company to show earnings of $1.18 per share for the quarter, but Carnival easily beat out those estimates with a reported $1.33 per share.

Continue reading Carnival Corp. sails on strong earnings

Carnival Corp. sails on strong earnings originally appeared on BloggingStocks on Tue, 22 Sep 2009 12:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Carnival CorpCCLcruiseearningsearnings reportsfeaturedinthenewstourismtravelTue, 22 Sep 2009 12:30:00 EST<![CDATA[Airlines stuck with double-digit revenue drop]]>http://www.bloggingstocks.com/2009/08/21/airlines-stuck-with-double-digit-revenue-drop/http://www.bloggingstocks.com/2009/08/21/airlines-stuck-with-double-digit-revenue-drop/http://www.bloggingstocks.com/2009/08/21/airlines-stuck-with-double-digit-revenue-drop/#commentsFiled under: , , , ,

The Air Transport Association announced that passenger revenue plunged 21% in July relative to the same month last year. This was the ninth month in a row that the industry has had to contend with what has been a brutal market for a perpetually beleaguered business.

The number of passengers hopping on flights fell 4% from July 2008 to July 2009, and the revenue situation wasn't helped by a decline of 18% in the average price a passenger paid to fly one mile.

Continue reading Airlines stuck with double-digit revenue drop

Airlines stuck with double-digit revenue drop originally appeared on BloggingStocks on Fri, 21 Aug 2009 08:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airlineairlinescargointhenewsleisuretourismtourism industryTourismIndustrytravelFri, 21 Aug 2009 08:30:00 EST<![CDATA[Foreigners not spending on U.S. travel, down 22%]]>http://www.bloggingstocks.com/2009/07/23/foreigners-not-spending-on-u-s-travel-down-22/http://www.bloggingstocks.com/2009/07/23/foreigners-not-spending-on-u-s-travel-down-22/http://www.bloggingstocks.com/2009/07/23/foreigners-not-spending-on-u-s-travel-down-22/#commentsFiled under: , ,

Despite a net increase of 1.6% in U.S. exports in May 2009, services exports fell 0.4% with travel and tourism exports off a whopping 3% month-over-month. According to data from the U.S. Department of Commerce, spending related to travel from other countries to the United States fell to $9.5 billion for the month - down 22% year-over-year.

The global travel market continues to feel the squeeze from an ongoing recession, as travel discounts and cheaper fares have been insufficient to counteract sluggish consumer spending. Recreational travel just isn't a priority these days, and businesses are curtailing travel budgets as they try to shore up their resources and spend prudently.

Continue reading Foreigners not spending on U.S. travel, down 22%

Foreigners not spending on U.S. travel, down 22% originally appeared on BloggingStocks on Thu, 23 Jul 2009 14:20:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>department of commerceDepartmentOfCommercefeaturedtourismtourism and traveltourism industryTourismAndTravelTourismIndustrytraveltravel industryTravelIndustrytravelingThu, 23 Jul 2009 14:20:00 EST<![CDATA[Oil prices lower following weekly inventory report]]>http://www.bloggingstocks.com/2009/07/22/oil-prices-lower-following-weekly-inventory-report/http://www.bloggingstocks.com/2009/07/22/oil-prices-lower-following-weekly-inventory-report/http://www.bloggingstocks.com/2009/07/22/oil-prices-lower-following-weekly-inventory-report/#commentsFiled under: , , , , , ,

weekly oil inventory reportOil prices headed lower today following a bearish inventory report from the Energy Information Administration.

Over the past week oil prices have been moving higher, spurred by strong corporate earnings. Better than expected earnings by several big name companies has led investors to anticipate the economy has been improving.

Continue reading Oil prices lower following weekly inventory report

Oil prices lower following weekly inventory report originally appeared on BloggingStocks on Wed, 22 Jul 2009 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>beth moon gastonBethMoonGastonenergygasgasolineoiloil pricesOilPricestourismtravelWed, 22 Jul 2009 17:40:00 EST<![CDATA[Vail Resorts earnings weak, fewer out-of-towners]]>http://www.bloggingstocks.com/2009/06/08/vail-resorts-earnings-weak-fewer-out-of-towners/http://www.bloggingstocks.com/2009/06/08/vail-resorts-earnings-weak-fewer-out-of-towners/http://www.bloggingstocks.com/2009/06/08/vail-resorts-earnings-weak-fewer-out-of-towners/#commentsFiled under:

Vail Resorts Inc. (NYSE: MTN) reported an earnings drop of 29% for its fiscal third quarter. Weakness in visits from out-of-state guests was the primary reason. Total skier visits across the company's properties -- Vail, Beaver Creek, Keystone and Breckenridge in Colorado, and Heavenly in California -- were down 5.3% relative to the same period for the previous year.

The ski resort operator generated total earnings for the quarter (which ended April 30, 2009) of $61.6 million, which amounts to $1.68 per share. For the quarter ending April 30, 2008, Vail Resorts had earnings of $87.3 million (or, $2.24 per share).

Continue reading Vail Resorts earnings weak, fewer out-of-towners

Vail Resorts earnings weak, fewer out-of-towners originally appeared on BloggingStocks on Mon, 08 Jun 2009 10:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>breckenridgeinthenewsmtnresortsski resortski resortsskiingSkiResortSkiResortstourismtourism and traveltourism industrytravel and leisurevailvail resortsVailResortsMon, 08 Jun 2009 10:30:00 EST<![CDATA[Oil closes the week down after breaking through $70]]>http://www.bloggingstocks.com/2009/06/05/oil-closes-the-week-down-after-breaking-through-70/http://www.bloggingstocks.com/2009/06/05/oil-closes-the-week-down-after-breaking-through-70/http://www.bloggingstocks.com/2009/06/05/oil-closes-the-week-down-after-breaking-through-70/#commentsFiled under: , , , , , , ,

Earlier this week we were looking at oil prices, and wondering if we would see the precious crude break through the psychological $70 barrier, and that is exactly what we saw today.

For the first time since last November, oil prices were briefly above $70 today, moving up as high as $70.32 before profit taking pushed oil prices down on the day. We finished up the week at $68.44, down 37 cents.

Continue reading Oil closes the week down after breaking through $70

Oil closes the week down after breaking through $70 originally appeared on BloggingStocks on Fri, 05 Jun 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>economygasgasolineGoldman Sachsinthenewsoiloil demandoil pricesrecessionslowdowntourismtravelunemploymentunemployment rateFri, 05 Jun 2009 17:30:00 EST<![CDATA[U.S. travel exports to rebound in 2010]]>http://www.bloggingstocks.com/2009/05/26/u-s-travel-exports-to-rebound-in-2010/http://www.bloggingstocks.com/2009/05/26/u-s-travel-exports-to-rebound-in-2010/http://www.bloggingstocks.com/2009/05/26/u-s-travel-exports-to-rebound-in-2010/#commentsFiled under: , , ,

How can exports not rebound? Last year ended on a sour note after posting record results, and 2009 is by all accounts likely to be ugly. The tourism and travel industry is expected to shed more than 200,000 jobs this year. Fortunately, there's a light at the end of the tunnel. The U.S. Department of Commerce expects international visits to the United States to come back in 2010 - after its first forecasted year of decline (i.e., 2009) since 2003.

This year, international travel to the United States is expected to fall 8%. The following year, however, U.S. travel exports are expected to gain 5%, with 5% annual increases through the end of 2013. We'll come out ahead in all this, but it's going to take some time.

Will the influx of foreign visitors over the next four years be enough to turn the travel industry in the United States around? It's too soon to tell right now, and much will depend on the contributions made by domestic routes. Needless to say, even this glimmer of hope must be welcome to investors committed to the airline and hotel sectors.

U.S. travel exports to rebound in 2010 originally appeared on BloggingStocks on Tue, 26 May 2009 15:00:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airlineairline industryairline sectorAirlineIndustryairlinesAirlineSectordepartment of transportationDepartmentOfTransportationexportexportshotelhotelsinternational travelinternationaltravelinthenewstourismtourism and traveltourism industryTourismAndTravelTourismIndustrytraveltravel industrytravel stocksTravelIndustryTravelStocksTue, 26 May 2009 15:00:00 EST<![CDATA[Tourism slumping in Macau ]]>http://www.bloggingstocks.com/2009/05/26/tourism-slumping-in-macau/http://www.bloggingstocks.com/2009/05/26/tourism-slumping-in-macau/http://www.bloggingstocks.com/2009/05/26/tourism-slumping-in-macau/#commentsFiled under: ,

Wynn Resorts in MacauLas Vegas isn't the only gaming mecca struggling for numbers; Macau saw the number of visitor arrivals to its shores drop 3.5% in April to about 1.87 million.

For the first four months of the year, visitor arrivals by land have dropped 15.5% on a year-over-year basis, while arrivals by air are slumping as well, off 5.9% for the first third of 2009. Total visitor arrivals in 2009 are down 8.1% from the same time period last year.

Continue reading Tourism slumping in Macau

Tourism slumping in Macau originally appeared on BloggingStocks on Tue, 26 May 2009 14:30:00 EST. Please see our terms for use of feeds.

Read | Read | Permalink | Email this | Comments]]>casinosgamblinggamingmacautourismtravelTue, 26 May 2009 14:30:00 EST<![CDATA[Oil jumps to six month high]]>http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/http://www.bloggingstocks.com/2009/05/08/oil-jumps-to-six-month-high/#commentsFiled under: , , , , , ,

Record Oil PricesOil continued its charge today and traded up 3.4% to close the week out at $58.63 and creates a situation where we could very likely be looking at $60 oil again by the end of next week. The last time oil was trading this high was all the way back on November 11.

On Monday we looked at oil, and noted that a big reason for oil's recent jump is increasing optimism towards the overall economy, and that is still the case. The Labor Department reported a drop of 539,000 non-farm payrolls in April, lower than the anticipated loss of 610,000 jobs.

Continue reading Oil jumps to six month high

Oil jumps to six month high originally appeared on BloggingStocks on Fri, 08 May 2009 18:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>60 oildrivinginthenewsIranoiloil demandoil pricesOPECtourismFri, 08 May 2009 18:40:00 EST<![CDATA[Wynn Resorts craps out on its fourth quarter numbers]]>http://www.bloggingstocks.com/2009/02/24/wynn-resorts-craps-out-on-its-fourth-quarter-numbers/http://www.bloggingstocks.com/2009/02/24/wynn-resorts-craps-out-on-its-fourth-quarter-numbers/http://www.bloggingstocks.com/2009/02/24/wynn-resorts-craps-out-on-its-fourth-quarter-numbers/#commentsFiled under: , , , , , ,

Wynn Resorts Q4 Earnings fall short of expectationsThis afternoon, Wynn Resorts (NASDAQ: WYNN) had its turn in the earnings lineup, and the company failed to meet analyst estimates for the quarter, and is being punished in after hours trading as a result.

Going into this afternoon's earnings announcement, analysts had been hoping to see the company show earnings of $0.44 per share on revenues of $703.53 million. Adjusted earnings for the quarter were far below this, with a reported $0.07 cents per share on only $614.3 million in revenues.

Continue reading Wynn Resorts craps out on its fourth quarter numbers

Wynn Resorts craps out on its fourth quarter numbers originally appeared on BloggingStocks on Tue, 24 Feb 2009 18:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>earningsgamblingLas VegasLasVegasrecessiontourismVegas StripVegasStripWYNNWynn ResortsWynnResortsTue, 24 Feb 2009 18:20:00 EST<![CDATA[Is global tourism harming the environment?]]>http://www.bloggingstocks.com/2008/09/11/is-global-tourism-harming-the-environment/http://www.bloggingstocks.com/2008/09/11/is-global-tourism-harming-the-environment/http://www.bloggingstocks.com/2008/09/11/is-global-tourism-harming-the-environment/#commentsFiled under: , ,

One wouldn't think someone would criticize one of the few growth sectors in the United States that has managed to remain intact and in good health during the nation's decade of economic descent, but that's what author Elizabeth Becker does.

In an op-ed article in The Washington Post, Becker argues against global tourism -- one the few bright spots in the U.S. economy, and also increasingly a source of income for many developing nations -- saying it's "a planet-threatening plague."

The U.S. unemployment rate is rising. The U.S housing sector is in its worst slump in a generation. Oil prices remain sky high. Business investment is sluggish. The investment banking community and most in the financial community in/around Wall Street, have a perpetual look on their faces of 'waiting for the other shoe to drop.' And now an argument is being made against one the U.S.'s few growth sectors -- tourism. You can just see the late Jackie Gleason, The Great One, looking down upon all this and saying, "What is the world coming to?"

Continue reading Is global tourism harming the environment?

Is global tourism harming the environment? originally appeared on BloggingStocks on Thu, 11 Sep 2008 15:42:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Elizabeth Beckerenvironmentgdpinternational travelleisure traveltourismtravelU.S. economyvacationsThu, 11 Sep 2008 15:42:00 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[Oil inventory report pushes prices lower]]>http://www.bloggingstocks.com/2008/07/23/oil-inventory-report-pushes-prices-lower/http://www.bloggingstocks.com/2008/07/23/oil-inventory-report-pushes-prices-lower/http://www.bloggingstocks.com/2008/07/23/oil-inventory-report-pushes-prices-lower/#commentsFiled under: , , , , , , ,

Oil prices have been falling today, helped by the release of the weekly inventory report which showed larger than expected reserves in the precious crude.

Going into today's report, analysts were expecting to see the Department of Energy announce that oil inventories fell by 1.9 million barrels last week, but in fact we only saw a decline of 1.6 million barrels.

Gasoline is probably more on the minds of most consumers, and what we saw in gasoline demand was even more extreme. Analysts had expected to see a rise of about 500,000 barrels of gasoline supplies last week, but the actual increase came in at 2.9 million barrels, a clear sign that high gasoline prices have forced many of us to cut back on our usage.

Continue reading Oil inventory report pushes prices lower

Oil inventory report pushes prices lower originally appeared on BloggingStocks on Wed, 23 Jul 2008 15:46:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>4 gasoline4Gasolinegasolineinthenewsoiloil demandoil inventoriesoil pricesOilDemandOilInventoriesOilPricestourismWed, 23 Jul 2008 15:46:00 EST<![CDATA[Marriott (MAR) beats estimates, but lowers forecasts]]>http://www.bloggingstocks.com/2008/07/10/marriott-mar-beats-estimates-but-lowers-forecasts/http://www.bloggingstocks.com/2008/07/10/marriott-mar-beats-estimates-but-lowers-forecasts/http://www.bloggingstocks.com/2008/07/10/marriott-mar-beats-estimates-but-lowers-forecasts/#commentsFiled under: , , , , , , ,

As we discussed in our earnings preview yesterday, hotel manager Marriott International (NYSE: MAR) reported its second quarter numbers this morning, and as we expected, we were given some more troublesome news from the company.

First the good news. While analysts had been expecting to see the company show earnings of 49 cents a share, the company was actually able to come in higher, with 51 cents per share. However, despite showing 2 cents better than expected, this still represents an 11% drop in earnings from continuing operations.

With so much uncertainty around the company going into this morning's earnings report, you may assume that beating its number by 2 cents would have the stock moving higher in premarket trading. Well, you would be wrong. The stock is actually trading down a little more than 6% following the news.

Continue reading Marriott (MAR) beats estimates, but lowers forecasts

Marriott (MAR) beats estimates, but lowers forecasts originally appeared on BloggingStocks on Thu, 10 Jul 2008 09:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>earnings reportsearnings surprisesEarningsReportsEarningsSurpriseseconomyforecastshotelshousinginthenewsMARMarriotttourismThu, 10 Jul 2008 09:35:00 EST<![CDATA[Marriot (MAR) second quarter earnings preview]]>http://www.bloggingstocks.com/2008/07/09/marriot-mar-second-quarter-earnings-preview/http://www.bloggingstocks.com/2008/07/09/marriot-mar-second-quarter-earnings-preview/http://www.bloggingstocks.com/2008/07/09/marriot-mar-second-quarter-earnings-preview/#commentsFiled under: , , , , , , , , , , , ,

The earnings season was officially launched last night with Alcoa Inc. (NYSE: AA) reporting better than expected numbers, and tomorrow we are going to see another big name, Marriott International (NYSE: MAR) report its second quarter numbers.

The company is due to report its current earnings prior to the market open, and going into tomorrow's report analysts are looking to see the company show 49 cents per share on $3.15 billion in revenues. The housing slump over the past year has definitely been hurting hotel operators, so it will be interesting to see what kind of quarter Marriott is able to show to its investors.

The last time the hotel chain released its quarterly numbers was back on April 17, when it matched analyst estimates for its first quarter with 33 cents per share. The stock made a brief rally following the release, but over the past month has been in a solid downward trend.

Continue reading Marriot (MAR) second quarter earnings preview

Marriot (MAR) second quarter earnings preview originally appeared on BloggingStocks on Wed, 09 Jul 2008 15:13:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>DBDeutsche BankDeutscheBankearnings previewEarningsPreviewerningsforecastsHOThotelshousinginthenewsLEHLehmanMARMarriotStarwood HotelsStarwoodHotelstourismWachoviaWBWed, 09 Jul 2008 15:13:00 EST<![CDATA[Airlines ditching long distance flights to combat fuel prices]]>http://www.bloggingstocks.com/2008/07/08/airlines-ditching-long-distance-flights-to-combat-fuel-prices/http://www.bloggingstocks.com/2008/07/08/airlines-ditching-long-distance-flights-to-combat-fuel-prices/http://www.bloggingstocks.com/2008/07/08/airlines-ditching-long-distance-flights-to-combat-fuel-prices/#commentsFiled under: , , , , , , , , ,

Fuel prices seem to be the number one concern on just about everyone's mind lately, and it seems like things are not going to be getting better any time soon. As prices have risen to record levels, many of us have decided to cut back on our driving, especially on long trips in order to save a little on our fuel prices. Well, the airlines are no different, and there's an interesting report today in The Wall Street Journal showing how airlines are cutting back on long flights in order to save a little on fuel consumption.

It is a pretty nasty cycle we are seeing with the airlines. The higher fuel costs have led to higher tickets prices and extra fees. These higher prices have led to less air traffic, and that has led to an even greater need to find more ways to cover rising costs. Definitely a tough situation.

The new way they are starting to combat the high costs of flying is by cutting back, or postponing long international flights, in particular flights that are in excess of 12 hours.

Continue reading Airlines ditching long distance flights to combat fuel prices

Airlines ditching long distance flights to combat fuel prices originally appeared on BloggingStocks on Tue, 08 Jul 2008 14:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Chinafuelfuel pricesFuelPricesinthenewsLCCnorthwest airlinesNorthwestAirlinesNWAtourismtravelUAUAUnitedUS AirwaysUsAirwaysTue, 08 Jul 2008 14:52:00 EST<![CDATA[Oil trading higher ahead of today's inventory report]]>http://www.bloggingstocks.com/2008/07/02/oil-trading-higher-ahead-of-todays-inventory-report/http://www.bloggingstocks.com/2008/07/02/oil-trading-higher-ahead-of-todays-inventory-report/http://www.bloggingstocks.com/2008/07/02/oil-trading-higher-ahead-of-todays-inventory-report/#commentsFiled under: , , , ,

Oil continued to remain strong with prices moving slightly higher this morning, ahead of today's weekly inventory report. The main reason for prices remaining strong continues to be worries over oil supplies.

Traders have pushed prices through the $142 mark this morning, with the precious crude trading as high as $142.45, but have cooled off a bit and are now sitting at $141.06, which is $0.09 higher on the day. As Douglas McIntyre discussed earlier, typically such high oil prices are expected to put a crimp in demand, but this time around that may not be the case at all. Already many analysts are stating that demand may not fall too much, even with the record high gasoline prices.

We should get a slightly clearer picture on just how true that is later today when the Department of Energy releases the weekly inventory numbers. Last week inventories increased, but that is expected to reverse this week, and analysts are predicting this week's oil inventory numbers to actually show a decline of around 1.2 million barrels (compared with a 800,000 barrel increase that was reported last week).

Continue reading Oil trading higher ahead of today's inventory report

Oil trading higher ahead of today's inventory report originally appeared on BloggingStocks on Wed, 02 Jul 2008 09:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Chinagas pricesgasolineGasPricesIndiaIranoiloil demandoil pricesOilDemandOilPricestourismtravelWed, 02 Jul 2008 09:47:00 EST<![CDATA[American (AMR) crash lands on Wall Street]]>http://www.bloggingstocks.com/2008/05/21/american-amr-crash-lands-on-wall-street/http://www.bloggingstocks.com/2008/05/21/american-amr-crash-lands-on-wall-street/http://www.bloggingstocks.com/2008/05/21/american-amr-crash-lands-on-wall-street/#commentsFiled under: , , , , , , , ,

Shares of AMR Corp. (NYSE: AMR) crashed today on Wall Street on a string a bad news out of its principal subsidiary, American Airlines, as current record-high oil prices continue to wreak havoc on the airline industry.

Oil prices have been continuing to soar, and earlier today crude traded through the $133 mark, and nearly busted $134, trading as high as $133.82.

What does this mean for airlines? You guessed it... major changes in order to combat the rising costs of keeping their planes in the air, and after announcing a few new changes today, AMR took the full brunt of Wall Street, as nervous traders pushed the already beaten-up stock down another 24.2%.

So what exactly got the market so spooked? Well, I am not really sure which of the following was the final nail in the coffin; you can almost just take your pick:
  • The company announced that it would be slashing the number of flights that it offers
  • The company announced that it would start charging for all checked luggage
  • And, last but not least, the company is being forced to reduce its workforce

Continue reading American (AMR) crash lands on Wall Street

American (AMR) crash lands on Wall Street originally appeared on BloggingStocks on Wed, 21 May 2008 17:55:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>American AirlinesAmericanAirlinesAMRbad newsBadNewsfeaturedmajor movesMajorMovesoiltourismtravelWed, 21 May 2008 17:55:00 EST<![CDATA[Survey shows airline passengers not happy with service]]>http://www.bloggingstocks.com/2008/05/20/survey-shows-airline-passengers-not-happy-with-service/http://www.bloggingstocks.com/2008/05/20/survey-shows-airline-passengers-not-happy-with-service/http://www.bloggingstocks.com/2008/05/20/survey-shows-airline-passengers-not-happy-with-service/#commentsFiled under: , , , , , ,

We have all been there before, standing beside the luggage conveyor belt after a long flight, quietly praying for our luggage to magically pop out of that little window and slide our way. When our luggage finally shows up, it typically means the end of a long day that generally has the potential to stress out most travelers.

For me at least, as long as I get my luggage I am satisfied with my trip. But for a lot of us, there are several factors we use to grade the airlines, and a recent survey shows that customer dissatisfaction is running at near record level lows. These factors include anything from planes leaving and arriving on time, to the service inside the plane from fight attendants, to just how easily mishaps get handled by the agents at the ticketing desks.

Having lived in Europe the past few years, I have been no stranger to the long distance flight back and forth to the States. I suppose I have traveled roughly 100,000 miles on airlines over the past couple of years, and I have to say that for the most part I have had very pleasant experiences. My girlfriend was unfortunate enough to have lost some luggage for a week over this past Christmas, but other than that, I have been pretty lucky.

Continue reading Survey shows airline passengers not happy with service

Survey shows airline passengers not happy with service originally appeared on BloggingStocks on Tue, 20 May 2008 12:38:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>airlinesAmerican AirlinesAmericanAirlinesAMRconsumersfeaturedLUVMichiganSouthwesttourismtravelTue, 20 May 2008 12:38:00 EST<![CDATA[Oil gushes through the $125 mark!]]>http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/http://www.bloggingstocks.com/2008/05/09/oil-gushes-through-the-125-mark/#commentsFiled under: , , , , ,

I know that last thing you probably wanted to hear this morning was that oil prices moved even higher, but that is exactly what is taking place, as oil rose as high as $125.98 and is currently trading at $125.60.

Leading the charge today is the weak dollar as investors continue to seek refuge from the falling U.S. currency in commodities -- most notably, oil. The dollar has fallen today against the euro, the British pound, and the Japanese yen. The euro was sitting at $1.5404 last night, but has moved higher today, up to a current price of $1.5466.

The market is also concerned about the upcoming peak driving season for Americans. With the season getting under way, oil prices will definitely continue to rise, and if gasoline stockpiles continue to fall, you can be sure that gasoline prices are also going to keep moving higher over the next couple of months. Will we see national averages of $4 or greater? I don't think so, but at the current rate prices are moving, nothing is out of the question right now.

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Oil gushes through the $125 mark! originally appeared on BloggingStocks on Fri, 09 May 2008 09:00:00 EST. Please see our terms for use of feeds.

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