Company Watch - FL Group.Oct 1, 2007 Iceland's FL Group a Reykjavik-based firm, which owns Scandinavian discount airline Sterling Airlines and formerly owned Iceland's flagship carrier, said its conservative analysis found more than USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $4 billion upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside from unbundling A regulatory requirement that enables a competing service provider to purchase parts of the incumbent local exchange carrier's network in order to provide service to its customers. See ILEC. the AAdvantage frequent-flyer program, though it does not believe American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the parent AMR (1) (Adaptive Multi-Rate) A variable rate speech codec selected by the 3GPP for the 3G evolution of the GSM cellphone system (WCDMA). Using the Algebraic CELP (ACELP) compression technology, AMR provides toll quality sound at transmission rates from 4.75 to 12. should sell right away. AMR's market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. is USD$5.3 billion. Smarason said most investors and analysts cannot easily understand the profitability of AMR's individual business units because of its structure as a fully integrated legacy airline, which he blamed for weighing on the shares. The problem is compounded because AMR does not disclose detailed financial information, he added. Sep 27, 2007 Iceland's FL Group has written to the board of American Airlines parent AMR and urged it to consider a number of strategic alternatives, including spinning off its frequent-flyer program. FL Group, a private equity firm which owns 8.25 percent of AMR, said in the letter that changes at AMR are long overdue given the 50 percent drop in the share price since January. The letter was sent on Tuesday and disclosed on Sept 27. FL Group cited the success Air Canada parent ACE has had by spinning off its loyalty program. Sep 27, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new real-time service that keeps travelers informed on flight and airport status, delays, security wait times via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid Media Group. All rights reserved. |
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