Karen's Feed
Feb 7, 2013

AMR creditors to meet Feb. 11, may vote on US Air merger

NEW YORK/ATLANTA, Feb 7 (Reuters) – AMR Corp
creditors plan to meet on Monday and could vote on a potential
merger agreement between the bankrupt parent of American
Airlines, and US Airways Group Inc, several people
familiar with the matter said.

The two airlines are working to finalize an agreement so the
board of each company could also meet to vote on the deal on
Feb. 11, the same day AMR’s unsecured creditors’ committee is
scheduled to convene, the people said.

Jan 30, 2013

AMR CEO Horton’s fate in balance as US Airways merger nears

NEW YORK (Reuters) – As US Airways Group Inc (LCC.N: Quote, Profile, Research, Stock Buzz) and American Airlines parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) hammer out the final details of a merger, one of the most thorny issues has been whether AMR Chief Executive Tom Horton stays or goes.

After rebuffing an aggressive takeover push from smaller rival US Airways early in its bankruptcy, AMR of late has embraced a deal, but is now eyeing a high-level position for Horton in the merged airline, according to several people familiar with the matter.

Jan 25, 2013

United, Southwest results top estimates, bookings solid

By Karen Jacobs

(Reuters) – United Continental Holdings Inc recorded a bigger quarterly loss and Southwest Airlines Co posted lower profit on Thursday, but results topped expectations and the carriers said current bookings were solid.

Shares of both carriers were up in afternoon trading.

Southwest said bookings for the remainder of the current quarter were “strong” so far, while United said the percentage of available seats sold for the next six weeks was running higher for domestic, international and regional segments.

Jan 24, 2013

United, Southwest fourth-quarter results top estimates, shares rise

By Karen Jacobs

(Reuters) – United Continental Holdings Inc (UAL.N: Quote, Profile, Research, Stock Buzz) recorded a bigger quarterly loss and Southwest Airlines Co (LUV.N: Quote, Profile, Research, Stock Buzz) posted lower profit on Thursday, but results topped expectations and the carriers said current bookings were solid.

United Continental shares jumped 3 percent, while Southwest moved up 2 percent.

Both airlines indicated booking trends were solid. Southwest said its bookings for the remainder of the current quarter were “strong” so far, while United said the percentage of available seats that were sold for the next six weeks was running higher for domestic, international and regional segments.

Jan 24, 2013

United, Southwest Q4 results top estimates, shares rise

Jan 24 (Reuters) – United Continental Holdings Inc
recorded a bigger quarterly loss and Southwest Airlines Co
posted lower profit on Thursday, but results topped
expectations and the carriers said current bookings were solid.

United Continental shares jumped 3 percent, while Southwest
moved up 2 percent.

Both airlines indicated booking trends were solid. Southwest
said its bookings for the remainder of the current quarter were
“strong” so far, while United said the percentage of available
seats that were sold for the next six weeks was running higher
for domestic, international and regional segments.

Jan 22, 2013

Delta Air says profit falls but better results coming

By Karen Jacobs

(Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) reported a lower fourth-quarter profit on Tuesday but said it expected better results this year as it makes targeted investments in operations and products to drive revenue.

The No. 2 airline behind United Continental Holdings (UAL.N: Quote, Profile, Research, Stock Buzz) said an important revenue measure was trending up solidly, and its shares gained 3.5 percent to $14.09 in afternoon trading.

Jan 9, 2013

Boeing top engineer says he’s confident 787 is safe

Jan 9 (Reuters) – Boeing Co rolled out the
Dreamliner’s chief engineer to try to quell concerns about the
new jet following three mishaps in as many days, including an
electrical fire that caused severe damage to a plane.

At a news conference on Wednesday, the engineer, Mike
Sinnett, defended the 787, the world’s first plastic plane, and
said its problem rates are at about the same level as Boeing’s
successful 777 jet.

Jan 9, 2013

Boeing top engineer defends 787, confident plane is safe to fly

Jan 9 (Reuters) – Boeing Co rolled out the
Dreamliner’s chief engineer to try to quell concerns about the
new jet following three mishaps in as many days, including an
electrical fire that caused severe damage to a plane.

At a news conference on Wednesday, the engineer, Mike
Sinnett, defended the 787, the world’s first plastic plane, and
said its problem rates are at about the same level as Boeing’s
successful 777 jet.

Jan 5, 2013

American Airlines entering key period in restructuring

By Soyoung Kim and Nick Brown and Karen Jacobs

(Reuters) – As American Airlines’ board meets next week, expectations are high that it will give more concrete shape to the airline’s plans to either merge with US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) or stay independent.

The directors of parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) plan to review a tie-up with its smaller rival against an alternative plan to exit bankruptcy as a standalone company, several people familiar with the matter said.

Jan 4, 2013

American Airlines entering critical period in restructuring

By Soyoung Kim and Nick Brown and Karen Jacobs

(Reuters) – As American Airlines’ board meets next week, expectations are high that it will give more concrete shape to the airline’s plans to either merge with US Airways (LCC.N: Quote, Profile, Research, Stock Buzz) or stay independent.

The directors of parent AMR Corp (AAMRQ.PK: Quote, Profile, Research, Stock Buzz) plan to review a tie-up with its smaller rival against an alternative plan to exit bankruptcy as a standalone company, several people familiar with the matter said.