Airline Earnings/Loss Reports

[USA320Pilot]

Today CBS MarketWatch reported, In the second quarter, the Amex Airline Index almost doubled during a three-month period that could see losses of as much as $1.8 billion. Among the largest publicly traded airlines, some of the widest losses, will come from the parent of No. 1 carrier American Airlines, AMR Corp. at $2.68 a share, with a range of estimates from $1.60 to $3.96, according to Reuters Research estimates. AMR is the first of the majors to turn its results, expected Wednesday. Northwest Airlines is targeted to lose $2.71 a share, with a range of $2.06 to $3.50. But it is bankrupt UAL Corp., parent of United Airlines, that appears to have lost the most with a $5.03 consensus estimate.

Best regards,

Chip

 

[Severed-N-Happy]

Ironic considering many airline common stocks have risen approx. 30-50 pct or more in the past 2 or 3 months, especially AMR and Air Tran, which were recently trading in the 3 and 6 dollar range respectably, and now both are near 11 dollars a share.

 

[drifterreno]

HP has doubled since May 5. Now trading at 8.31--at least that was last friday and bought it at 4.00 May 5.