Is business really that good for them and the airlines with higher gas prices? Apparently they have a bunch of buy contracts, but are laying people off in Kansas and have WTO probs. Why is the stock climbing?
Love this co. The airline industry isn't as sick as some make it out to be. The big carriers are losing market, while smaller regional carriers are growing, and making a profit. More and more people are flying...it's no longer just for the elite. I don't have any hard figures to back this up, but I would bet the average age of a commercial liner is near the oldest its ever been. Boeing has made a big bet with a new class of smaller short/medium range planes while Airbus is betting heavily on the new A380, which will carry 550 in the most likely configuartion.
GM, BA, & JPM have the highest P/E ratios (conversely, lowest yields) on the DJIA. GM I can somewhat understand and JPM is fine with my analysis, but BA???????? What does this say with current bond yields?