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AMR (AMR)

The Transport Workers Union, which represents 28,000 workers at American Airlines (NYSE: AMR) and regional carrier American Eagle, has several bargaining units in contract negotiations with American, according to TradingMarkest.com. American has said it hopes to negotiate contracts that help the company be more productive and competitive.
Under the Railway Labor Act, which governs collective bargaining in the airline industry, unions cannot strike without first asking the mediation board to declare an impasse to seek release from negotiations. If the board decides to release the union from mediation, a 30-day cooling-off period must expire before a strike or a lockout can begin.

Mar 5 · 2:26:00 PM · Source: TradingMarkets.com
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by Steve Wieczorek

Atlas Air Worldwide Holdings (AAWW)

Boeing Awards Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) Long-Term Contract to Operate Dreamlifter Fleet in Support of 787 Dreamliner Program. Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.
The parties have structured the nine-year agreement under which Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.

Mar 5 · 12:03:00 PM · Source: Company Press Release
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by Steve Wieczorek

FedEx (FDX)

Fortune magazine has ranked FedEx Corp. (NYSE:FDX) among the top 20 most admired companies in the world for the 10th consecutive year, according to MSN Money. The Memphis-based shipping giant was listed at No. 13, according to the publication’s latest survey.
Fortune cited the ability of FedEx to manage costs while maintaining service levels during the economic downturn, and increased demand in international business.

Mar 5 · 11:39:00 AM · Source: MSN Money
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by Steve Wieczorek

Continental Airlines (CAL)

Continental Airlines (NYSE:CAL) will begin charging coach customers extra if they want a seat with more legroom, according to The Baltimore Sun. Starting March 17, coach customers will be able to pay the charge at check-in to get an exit-row seat with at least 7 inches more legroom than the other rows, Continental said Wednesday.
"Seats with additional legroom are higher-value seats, and we want to offer them to customers who recognize that value," said Jim Compton, Continental's executive vice president and chief marketing officer. As reported earlier in MarketBeast, airlines are now looking at any possible way to increase their revenue per flying passenger.

Mar 4 · 6:18:00 AM · Source: The Baltimore Sun
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by Steve Wieczorek

Southwest Airlines (LUV)

The stocks of many of the major carriers have nearly doubled in price since early November 2009. Similar to most industry groups, the airline stocks trade together. The best airline of the group is Southwest Airlines Co (NYSE:LUV), according to Inthemoneystocks.com.
Southwest Airlines Co is trading above its daily 20 and 50 moving averages, which signal that the trend is up and the stock has good support at $12.00. This company also has a slightly different business model from the legacy carriers in that they have only one type of aircraft that they fly. This factor in their business model has kept this airline profitable for many years as most of the others struggle to survive and make profits.

Mar 4 · 6:12:00 AM · Source: Inthemoneystocks.com
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by Steve Wieczorek

United Parcel Service (UPS)

Goldman Sachs initiates coverage on Air Freight with an Attractive coverage view and on Railroads and Trucking with Neutral coverage views, according to the streetinsider.com. In Air Freight, the firm's top top pick is UPS (NYSE: UPS) and they are adding the stock to their Conviction Buy List with a $76 price target.
The firm said, "UPS offers the highest returns in the industry, has attractive international growth prospects, and faces relatively few significant regulatory headwinds." The firm rates FedEx (NYSE: FDX) Neutral.

Mar 4 · 6:06:00 AM · Source: StreetInsider.com
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by Steve Wieczorek

China Eastern Airlines (CEA)

Speaking to Reuters, a China Eastern Airlines (NYSE:CEA) senior executive, who asked not to be identified, said the carrier was looking to join either Star Alliance, oneworld or SkyTeam in order to boost its profile, according to E-TravelAsia.com. He said the carrier did not have a preferred partner so far despite Shanghai Airlines, which China Eastern recently acquired, being a part of Star Alliance.
China Eastern spokesman Luo Zhuping confirmed the reports but declined to say when a decision on which one to join would be made. However, as previously reported in MarketBeast, China Eastern is in advanced talks with AMR Corp (NYSE:AMR), American Airlines parent to bring it into the oneworld Alliance.

Mar 2 · 12:28:00 PM · Source: ETravelBlackboardAsia.com
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by Steve Wieczorek

Continental Airlines (CAL)

Continental Airlines (NYSE: CAL) today reported a February consolidated (mainline plus regional) load factor of 77.7 percent, 5.2 points above the February 2009 consolidated load factor, and a mainline load factor of 78.1 percent, 5.2 points above the February 2009 mainline load factor. Both February load factors were records for the month.
Continental estimates that the suspension of operations at its New York hub on February 10, 2010, and February 26, 2010, due to severe winter weather in the New York area reduced its consolidated passenger revenue for the month by approximately $25 million.

Mar 2 · 12:06:00 PM · Source: Company Press Release
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by Steve Wieczorek

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