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5 Companies That Are Still Losing Money
11:00AM 10/27/2011
By Rick Aristotle Munarriz, The Motley Fool
Investing, Sears Holdings, Sprint Nextel Corp, Stocks in the News
The economy may be ugly for workers, but most companies are making money. In fact, many Wall Street darlings are checking in with record profits. Then again, most doesn't mean all. Here are five notable companies that are losing money this year -- and possibly beyond.
The International Air Transport Association has cut its 2011 profit forecast for the industry in half, and fares are on the rise. The IATA downgraded its 2011 airline industry profit forecast to $4 billion -- 54% less than its March forecast and 78% less than the industry netted in 2010.
Another Icelandic Volcano, Another Threat to Airline Profits
9:00AM 5/23/2011
Just over a year after the ash cloud from the Eyjafjallajokull volcano caused an expensive and chaotic shutdown of air travel across much of Europe, an different volcano in Iceland, Grimsvoetn, is erupting.
Airline Stocks Take Off Despite Travel Alert Over Bin Laden's Death
10:20AM 5/02/2011
Company News, Delta Air Lines, Stocks in the News, Market News
Despite the State Department issuing a travel alert Sunday following the killing of infamous terrorist Osama Bin Laden, Wall Street analysts expect airline stocks to continue their upward ride.
The next time you book a flight with a connection, keep your cellphone handy with the ringer as loud as it%u2019ll go %u2014 you could get a call for a cheap up-sell on a direct fare.
Fewer Seats and Higher Fares Help Airline Earnings Take Off
2:45AM 10/21/2010
Delta, US Airways and AMR, the parent of American Airlines, all posted higher-than-expected earnings for the peak summer travel season. Airlines have pushed fares up by limiting the number of seats for sale, and have also seen growing international and corporate travel.
While the world's airlines now expect a $2.5 billion profit in 2010, reversing earlier forecasts for yet another losing year, investors should take the news with a grain of salt.
Continental and Southwest, Back to Profitability
12:45PM 1/21/2010
Continental Airlines and Southwest Airlines, the nation's largest discount carrier, posted fourth-quarter profits Thursday, helped by lower fuel costs and improved demand, but both cautioned that the sector faces more turbulence in 2010.
Southwest and Continental report quarterly earnings Thursday with investors keen to hear if the outfits will be adding back some capacity in 2010, an indication that the worst of the industry's downturn may be behind it.
Helped by Airline Fees, Fuel Costs AMR Corp. Posts Narrower Loss
1:00PM 1/20/2010
American Airlines' parent company AMR Corp. posted a narrower fourth-quarter loss Wednesday, helped by lower fuel costs and increases in revenue from passenger fees, but results missed Wall Street's forecast.
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