Southwest earnings fall, buyouts offered
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Southwest Airlines Co. , the leading U.S. discount carrier, posted a 16.5 percent drop in second-quarter earnings on Wednesday, but the decline was less than expected as demand rebounded in June.
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Bill Mann notes a troubling long-term decline in operating efficiency at Southwest Airlines.
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Southwest Airlines (LUV:NYSE - news - research) Friday said it will offer more than $100 for certain assets of ATA Holdings&#39; (ATAHQ:Nasdaq - news - research)ATA Airlines in a forthcoming bankruptcy court auction.
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A $10 fare hike by Southwest Airlines Co, has triggered matching fare increases by rivals as the industry struggles to offset soaring fuel prices and build on a recovery that began last year.
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Asset manager Federated Investors (FII.N: Quote, Profile, Research) on Thursday reported lower quarterly profits as the firm&#39;s assets declined in difficult market conditions.
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Low-fare carrier Southwest Airlines Co. said Thursday that its third-quarter profit rose 12.3 percent to beat Wall Street expectations despite higher fuel costs.
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Delta Air Lines Inc  was dragged to a loss on Wednesday on soaring fuel prices, while Southwest Airlines Co  posted better-than-expected profit on its long-term fuel hedging.
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Midwest Air Group Inc. , which is trying to fend off a hostile takeover by AirTran Holdings Inc. , said on Tuesday that second-quarter earnings would fall below analysts' expectations and possibly year-earlier profit because of weak fares.
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UTStarcom Inc. on Tuesday said its third-quarter profit plummeted, but beat Wall Street expectations. The networking products company reported earnings of $5 million, or 4 cents per share, down from $59.
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Performance Food Group Co. said Monday that earnings for the third and fourth quarters will fall below its previous estimates, in part due to the effects of the hurricanes that hit the Southeast.
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Saying a slowing market had caused the swing to a loss, G.M. also announced a buyout offer to union employees.
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Retailer's stock sinks after investors agree to sell their shares at a lower-than-expected price.
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Southwest Airlines on Wednesday reported a 17 percent decline in second-quarter profits as rising fuel costs weighed on results.
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CFO leaves and layoffs are expected after lackluster earnings, as the merged company struggles to adjust.
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The move by Southwest was a sign of the competition that is emerging in the low-fare segment of the industry.
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Morgan Stanley downgraded the airline to
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What Southwest Airlines wants, Southwest gets, assuming that a federal bankruptcy judge goes along. Southwest, the biggest and richest low-fare airline, won a weeklong bidding war yesterday