Karen's Feed
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.

Dec 21, 2012

Expedia to acquire stake in German hotel site

By Karen Jacobs

(Reuters) – Expedia Inc (EXPE.O: Quote, Profile, Research, Stock Buzz) said on Friday it would acquire a 61.6 percent equity stake in trivago, a German search engine that focuses on hotels, for roughly $632 million in cash and common stock, a move that will expand Expedia’s European reach.

Expedia, whose brands include Hotwire and Hotels.com, said trivago, which allows consumers to search for price and room availability, has doubled revenue each year since 2008 and currently expects about 100 million euros (about $132 million) in net revenue for 2012. Trivago features search results from more than 600,000 hotels over 140 booking sites in more than 30 countries.

Dec 12, 2012

Delta buys Virgin Atlantic stake to boost London access

By Rhys Jones and Karen Jacobs

(Reuters) – Delta Air Lines (DAL.N: Quote, Profile, Research, Stock Buzz) agreed to buy a 49 percent stake in Virgin Atlantic VA.UL, creating a joint venture that would expand Delta’s access to London’s Heathrow Airport and increase competition in the lucrative transatlantic market.

The partnership would let both carriers offer more flights at Heathrow, Europe’s busiest airport, where landing-slot constraints have limited their growth. It also gives Delta the ability to attract prized corporate travelers as it competes with industry leader United Continental (UAL.N: Quote, Profile, Research, Stock Buzz) and American Airlines, whose partnership with British Airways (ICAG.L: Quote, Profile, Research, Stock Buzz) dominates travel between the United States and London.