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Airline Finance News.

For more airline finance news, data and analysis, please go to: Jun 26, 2006

Airline stocks were mixed in Friday afternoon trading according to AP news, as oil prices edged above $71 per barrel. Airline shares typically run counter to oil prices, since jet fuel is one of airlines' biggest costs next to labor. However, some analysts are becoming increasingly optimistic about airlines' ability to grow revenue and offset higher fuel costs, as fare increases are beginning to stick. The industry's recent bankruptcies also have allowed carriers to pull some seats out of the market, limiting capacity, while travel demand continues to grow Jun 23, 2006

UBS Joins Growing Optimism for Airlines. Airline Shares Fall With Price-Fixing Probe, but Analysts See Improving Fundamentals. Another analyst joined the growing chorus of optimism for airline stocks Thursday, as UBS Investment Research initiated coverage on the once moribund industry. Of the eight airlines Kevin Crissey initiated coverage on, he assigned "Buy" ratings to six. The industry, which has suffered repeated bankruptcies and billions of dollars in losses in recent years, has turned around thanks to improving revenue, he said. Several airline stocks, though, fell Thursday, as British Airways PLC disclosed U.K. and U.S. agencies are investigating it and other airlines for alleged price-fixing on fares and fuel surcharges. Two other airlines -- Virgin Atlantic and American Airlines -- said they were cooperating with the investigation. Jun 22, 2006
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Publication:Airguide Online
Date:Jun 26, 2006
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