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Anyone playing this the past few months? It's been a nice ride. up 10% so far today. This looks good, with the comp. expected to be out of Bankruptcy 1st Half of 2007.
Posts: 723 | From: MotorCity | Registered: Jun 2006
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Still climbing And with news today about the Comair employees taking paycuts to help the Airlines and their Parent, Delta, this thing is looking great in the near future.
Posts: 723 | From: MotorCity | Registered: Jun 2006
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LONDON (MarketWatch) -- U.S. Airways Group on Wednesday said it has made an $8 billion cash-and-stock offer for bankrupt Delta Air Lines in a move that would create the No. 1 trans-Atlantic carrier, and could spark further industry consolidation. Under the proposal, which would take effect upon Delta's (DALRQ : Delta Air Lines, Inc. News , chart, profile, more Last: 1.47+0.05+3.52%
12:19am 11/15/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: DALRQ1.47, +0.05, +3.5%) emergence from bankruptcy, Delta creditors would receive $4 billion in cash and 78.5 million shares of U.S. Airways' stock, with an aggregate value of approximately $4 billion. The offer represents a 25% premium to the trading price of Delta's pre-petition unsecured claims as of Tuesday. U.S. Airways (LCC : US Airways Group Inc. News , chart, profile, more Last: 50.93-0.60-1.16%
4:15am 11/15/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: LCC50.93, -0.60, -1.2%) shares closed down 1.2% at $50.93 on Tuesday. "It may be the first signs of the regeneration of the U.S. airline industry," said Doug McVitie of Arran Aerospace, based in France. "It will also have a knock-on effect on the likes of JetBlue and Southwest, and trigger some more consolidation." U.S. Airways CEO Doug Parker said in a letter to Delta chief Gerald Grinstein that the airline decided to launch a hostile bid after Grinstein declined a meeting. A copy of that letter was released along with news of the bid. "...the benefits of a merger of U.S. Airways and Delta are so compelling to both of our companies' stakeholders, we believe it is important to inform them about our proposal," Parker said in the letter. Delta officials weren't immediately available for comment. Under the deal, which U.S. Airways said would create at least $1.65 billion in annual synergies, the two carriers would form a new airline operating under Delta's name. The "New" Delta would be the No. 1 airline across the Atlantic and the second-largest airline to the Caribbean, said U.S. Airways. It would fly to more than 350 destinations across five continents. "In the U.S., the combination would create a leading competitor in the Eastern U.S. and an enhanced position in the Western U.S," said U.S. Airways (LCC : US Airways Group Inc. News , chart, profile, more Last: 50.93-0.60-1.16%
4:15am 11/15/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: LCC50.93, -0.60, -1.2%) . Competitors would include low-cost carriers such as JetBlue Airways (JBLU : jetblue awys corp com News , chart, profile, more Last: 14.09+0.17+1.22%
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: LUV15.24, -0.21, -1.4%) and traditional carriers such as AMR Corp.'s (AMR : AMR Corporation News , chart, profile, more Last: 30.68+0.10+0.33%
4:15am 11/15/2006
Delayed quote dataAdd to portfolio Analyst Create alertInsider Discuss Financials Sponsored by: AMR30.68, +0.10, +0.3%) American Airlines. U.S. Airways expects $1.65 billion in annual synergies to be phased in over two years. That total includes $935 million in network synergies, which would come from the optimization of the airlines' networks and result in a 10% reduction in capacity.
Posts: 723 | From: MotorCity | Registered: Jun 2006
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Ive bought into Delta at .83 and finally sold it at 1.61. Im wondering if I should get back in if it goes under a dollar again. what do you think?
Posts: 26 | From: SD | Registered: Mar 2005
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Im still waiting for it to dip a little lower before I jump back in. Delta is bound to make money no matter what. Either they come up with a reorganization plan to get out of bankruptcy, or their creditors sell out to United at 40% over market. All we have to do is wait past Feb. Good luck! Happy Trading!
Posts: 26 | From: SD | Registered: Mar 2005
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I've been slowly accumulating a few airline stocks over the past month or so, I'm betting on great next quarter revenues no that oil is at the lowest it's been in forever. I think delta is really going to be the one that goes nuts soon...imho
Posts: 362 | From: Buffalo | Registered: Feb 2006
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just be careful. they can cancel the shares at anytime, although she (IR) did say that they will cancel them after the first of the year so there is still a little time to play. gl
last week i popped out at 1.54 for $5200 but will play it again if it drops a bit lower before the holiday travel news is released of which i'm sure will bring plenty more good news for a decent take again.
for another, look at tqnt. its slow going but it should put some xmas money in your pocket. imo gl
happy turkey day everyone.
Posts: 1236 | From: The Bluegrass State | Registered: Sep 2005
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yaah, i don't recommend investing into the airline sector to anyone. it's nothing more than a crap shoot...
Posts: 362 | From: Buffalo | Registered: Feb 2006
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And with news today about the Comair employees taking paycuts to help the Airlines and their Parent, Delta, this thing is looking great in the near future.
