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When United Airlines (UAUA) and Continental (CAL) were rumored to be tying up, we took a look at the sweet change-in-control benefits that United executives stood to receive. After some brouhaha, it was announced that United’s chairman and chief executive, Glenn Tilton would forego big chunks of that, which got a little attention as well. [...]
Yesterday, Mesa Air Group (MESA) announced that it was filing for Chapter 11. Here’s a snip from a statement made by Chairman and CEO Jonathan Ornstein in yesterday’s press release: “Over the past two years, we have worked closely with our lessors, creditors and other constituents to restructure our financial obligations. These efforts have led [...]
Earlier this week, I bought an airline ticket to Washington for a meeting next week. In the past, I’ve taken Amtrak or my new favorite, Bolt Bus, but flying — even booking just a week in advance — was actually $100 cheaper than the train and a lot quicker than the bus. Unfortunately this morning, [...]
It’s no secret that most of the major airlines are a bit of a mess, what with the poor economy, rising fuel prices, lots of layoffs and declining customer service, as I footnoted here. And the stocks of various airlines, as reflected by this index are clearly in the dumps. Despite this, two major carriers [...]
Nearly seven weeks ago, we footnoted about what seemed like an interesting disclosure at AMR (AMR), the parent company for American Airlines, which disclosed a sizable increase in the number of airworthiness directives it had received in its 2007 10-K. At the time, the stock was trading at around $14.50 a share. Fast forward to [...]
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