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» Smilin' Jack   » Specific Airline Discussions   » American Airlines   » Market Capitalizations (from the NY Times)

   
Author Topic: Market Capitalizations (from the NY Times)
TWA Fan 1
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Member # 1926

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Some Grim Numbers for the Airlines
By JOE SHARKEY

How bad are things in the airline business? Consider some numbers.

A new Boeing 737, the single-aisle, medium-size airliner that's a domestic workhorse for most carriers, costs about $50 million. Yesterday, United Airlines had a market capitalization — the current value of all outstanding stock — of about $71 million, or enough to buy a single new 737 and just about enough left over to buy and outfit a new Cessna Citation X business jet.

The market capitalization of US Airways yesterday was $11.6 million, barely enough to buy a small corporate jet. Yesterday's market capitalization for the other major carriers: Delta Air Lines, $1.1 billion; Northwest Airlines, $533.6 million; American Airlines, $410.3 million; and Continental Airlines, $352.2 million.


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Jeff Isenberg
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Member # 421

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TWA Fan 1 -

I haven't yet read the article. Thanks for posting the numbers.

Geez .... it was not that long ago when critics of TWA seemed to relish and ridicule their low market capitalization. How things have changed in such a short period of time.

Jeff I.


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L1011Ret
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Obviously not a good business to be in at the moment. No venture or vulture capitalists are stepping forward in this time of "great opportunity." For 11 million you can buy your own airline. Where is Howard Hughes?
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TWA Fan 1
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Member # 1926

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quote:
Originally posted by L1011Ret:
Obviously not a good business to be in at the moment. No venture or vulture capitalists are stepping forward in this time of "great opportunity." For 11 million you can buy your own airline. Where is Howard Hughes?

L1011,

Volatile! Your mention of Howard Hughes reminds me of the classic story as to why TWA was a step behind in entering the jet age in 1960, because the company was experiencing a cash crisis (TWA? Cash crisis? Go figure!).

I forget the exact reason, but it was something about Hughes needing vast amounts of capital for one of his ventures.

A few months after this cash crisis, Boeing apparently relented and TWA had its first 707s.


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L1011Ret
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You are quite right TWA FAN 1, Howard was using TWA for other ventures much like Icahn.
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Bewildered
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Wonder what Carl is up to now?
After TWA closed heard he was looking for an airline.

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Bob Bayless
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Carl buying AA - wouldn't that be a hoot.
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nyc6035
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Keep an eye on AMR debt securities. Carl loves to weasel his way to the table by purchasing vast amounts of a distressed company's debt.
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upsilon
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AMR is $1.75 as I write this.
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