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• Can the legacy airlines win back customers?

  Posted Sep 22 2008, 10:12 PM by Matt Koppenheffer
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  Filed under: CAPS, airlines, Continental, Delta
  Money Blog: Top Stocks Blog - MSN Money

  Falling oil prices will no doubt provide some breathing room for America's airlines, but bigger questions still loom for the big legacy carriers like Continental, American, and United.
  
  In recent years, competition and costs -- both from fuel and outside fuel -- have caused most of the US's major carriers to cut back on many of the perks that made flying more comfortable and enjoyable. The effect has been that flying on Delta is mostly indistinguishable from flying on Continental.   Read More...

  Discuss ( 16 comments) 2,357 Views Digg this | Email this | Link to this

• A scary thought: Gasoline at $7.50 a gallon

  Posted May 06 2008, 06:14 PM by Charley Blaine
  Rating:
  Filed under: Energy, airlines, oil, Continental, Delta, economy
  Money Blog: Top Stocks Blog - MSN Money

  

  I'm really not here to scare you, but, get ready, I AM going to scare you.

  The news got lots of attention: Goldman Sachs analyst Arjun Murti predicted Tuesday that the price of crude oil could hit $150 to $200 a barrel in six to 24 months. (Here's one discussion of the report. Another is here.)

  Crude oil in New York promptly jumped to as high as $122.73 a barrel in New York before closing at $121.84. And, as I write this, crude was trading slightly lower in electronic trading. But it also had the perverse effect of pushing the stock market higher. Indeed, the biggest winners in Tuesday's stock market were oil and gas production companies, natural gas companies. (But not refiners; crude oil is rising faster than refiners can push their prices up.) 

  So, if crude jumps to $150 or $200, how does that translate into prices at the gas pump. Here's the scary part.   Read More...

  Discuss ( 784 comments) 184,885 Views Digg this | Email this | Link to this