Stocks United Airlines
Stocks United Airlines
Airlines Industry In Transition Details
Currently, the global aviation sector generated revenues of $430 billion, with over 2,076 million passengers traveling by air. According to the US Bureau of Labor Statistics, the airline industry provided employment to around 480,000 people in 2009 in America alone.
Most recently, both United Airlines and US Airways, CEOs stated their desire to merge the two airlines. Now it appears they’re sitting down at the table once again to attempt to hash out final agreement. If the merger is completed it would create the nation’s 2nd largest airline likely in a stock swap arrangement.
United Chairman and CEO Glenn Tilton and US Airways Chairman and CEO Doug Parker were both involved when their companies talked about combining in 2008. They walked away then citing high fuel prices, but didn’t rule out a future deal. That same year, Continental Airlines Inc. rejected United’s attempt at a combination.
Spokes people for the airlines report they have already begun laying the foundations of integrating their unionized work forces. It will be one of the most difficult tasks if United Airlines and US Airways got together. But the companies stated they have a plan in the works for dealing with that issue.
Market data shows 2009 air-traffic, combined United-US Airways would approach Delta Air Lines, now the world’s largest airline after buying Northwest. It is unclear brand name “United” or “US Airways” would survive given a successful merger.
However, both United and US Airways have been significantly cutting costs to cope with the recession. United cut capacity 7.4 percent last year, while US Airways shrank 4.6 percent. US Airways is cutting most flying that doesn’t pass through either Washington or its hubs in Charlotte, N.C., Philadelphia, or Phoenix.
US Airways lost $205 million in 2009, and revenue fell almost 14 percent to $10.46 billion. UAL lost $651 million, while revenue fell 19.1 percent to $16.34 billion.
Airlines Industry Data
Several classes of airlines function in the United States. As of 2008, there were 19 mainline air carriers that use large passenger jets (more than 90 seats); 67 regional carriers that use smaller piston, turboprop, and regional aircraft (up to 90 seats); and 23 all-cargo carriers. In spite of many challenges from security to rising fuel costs, air travel remains one of the most popular modes of transportation in the United States, expanding from 172 million passengers in 1970 to 757 million passengers in 2008, an average growth of 4% per year. See article: NextGen Unmanned Commercial Flights
Traditionally, the European airline giants dominate the aviation industry. British Airways
reported annual revenues of GBP8,593 million in 2008. Lufthansa reported annual revenues of Euro22.4 billion in 2007. Qantas, Australia’s largest airline, reported annual revenues of A$12.6 billion for 2007. The other major passenger airlines include Cathay Pacific, the Emirates, US Airways, Japan Airlines, Air France-KLM and Southwest Airlines. Cathay Pacific won the 2009 Airline of the Year title in the famous World Airline Awards, replacing Singapore Airlines as the ‘world’s best airline.’ Among the freight carriers, FedEx is the world’s largest, with total revenues of US$ 37.953 billion in 2008.
Some of the major airports across the world include:
New York JFK
Chicago Ohare Intl
Denver Intl
London’s Heathrow Airport
Los Angeles International Airport
Hong Kong Intl
Frankfurt International Airport
Tokyo International Airport
Stay tuned as widespread airlines consolidations are appear likely worldwide.
Stocks, Mutual Funds & Retirement Investments : The History of United Airlines Stocks
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‘UAL-United Air Lines’ Stock Certificate/Bonds- 100 PCS $225.00 |
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Nuts! Southwest Airlines’ Crazy Recipe for Business and Personal Success $3.54 Twenty-five years ago, Herb Kelleher reinvented air travel when he founded Southwest Airlines, where the planes are painted like killer whales, a typical company maxim is “Hire people with a sense of humor,” and in-flight meals are never served–just sixty million bags of peanuts a year. By sidestepping “reengineering,” “total quality management,” and other management philosophies and employing it… |
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How to be a Billionaire: Proven Strategies from the Titans of Wealth $12.62 Forget Regis Philbin’s Who Wants to be a Millionaire. Martin Fridson’s How to Be a Billionaire sets its sights much higher, and therefore seems an even more appropriate (if somewhat less realistic) goal for today’s tycoon wannabes. There are some 200 individuals in the U.S. alone who now breathe this rarefied air, writes Merrill Lynch managing director Fridson, and no reason why those who ad… |
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