Bought United(UAL)?
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flyingcat
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Who told you this pile of s**t.
First it was NW, what next?
Is there someone who spends time making this up and touring the system so it can spread.
BoeingBoy
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N924PS
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Ok, I can't read, I thought it said "Julie", not Julius. Anyway. Title should be "Airbus captain has alter-ego" or something.
http://www.pbs.org/nbr/site/onair/transcripts/061005b/
One on One with Julius Maldutis, President of Aviation Dynamics
Thursday, October 05, 2006
PAUL KANGAS: The stocks of the major U.S. airlines have been gaining altitude in recent weeks as fuel prices drop. But will that upswing continue? Joining me now to answer that question, noted airline analyst Julius Maldutis, president of Aviation Dynamics. Julius, welcome back to NIGHTLY BUSINESS REPORT.
JULIUS MALDUTIS, PRESIDENT, AVIATION DYNAMICS: Thank you.
KANGAS: Oil prices are down over 20 percent since their July peak and many carriers have managed to extract deep cuts in labor costs through union concessions. Does this mean the airlines are finally getting into decent financial shape?
MALDUTIS: Absolutely. After five years of horrific losses the airlines this year are poised to report the first profitable year. But I think we`re going to see a big merchant movement in the industry which will result in consolidation and a reduction in flights.
KANGAS: All right, now if you were to own, let's say, two or three major carrier stocks, what would you start with? What would you own?
MALDUTIS: I would own American, Continental and United Airlines.
KANGAS: Tell me about American. We'll put a chart up here and look at that stock. There it is. It's had a run-up and now is back down a little bit.
MALDUTIS: American Airlines I think is a very important key player. Don't lose sight of the fact that American a number of years ago made a bid to acquire Northwest Airlines at $57 a share. They always wanted to be a big player in the Pacific so American Airlines is one winner.
KANGAS: OK.
MALDUTIS: The second winner is Continental Airlines. Continental Airlines has been the object of United Airlines taking a hard look at it. Continental at one time proposed a merger with Delta Airlines and also Continental has a special relationship with Northwest.
KANGAS: And it has had a good run-up in the stock too. We're looking at the chart.
MALDUTIS: Absolutely. So Continental could be a player. And then the final one is United Airlines. Mr. Tillton has said that after coming out of bankruptcy, that United should acquire someone and I believe that the new U.S. Air could very well be acquiring United Airlines.
KANGAS: OK. That one -- that chart looks like it's really had a rough time of it recently. But you expect it to rebound, apparently.
MALDUTIS: Absolutely because Mr. Tillton has publicly stated that he's interested in doing a consolidation merger.
KANGAS: Yeah. And the earnings for all three look pretty good to you?
MALDUTIS: I think they are all poised in reducing flights going forward. And I think we're going to have a four or a five-year profit cycle to the industry. There will be other beneficiaries, of course from such a consolidation. But those are the three key players.
KANGAS: Now from what I can gather about 80 percent of all, all the airlines have 80 percent capacity on most of their flights. Will a slowdown in the economy affect that?
MALDUTIS: Well, they are slowing down the number of flights. They are going to be pulling capacity and specifically as a result of a merger, there will be less flights available. So airplanes are going to be full, continue to be full.
KANGAS: All right, fair enough. Incidentally, do you own any of those three stocks you mentioned?
MALDUTIS: No, I do not. The only one that I own is a little carrier called Midwest Express.
KANGAS: OK. We just have a few seconds left. Any final thoughts now. I guess we have flown out of time here, unfortunately. But anyway, it's great to see you again and thanks for taking the time to come with us.
MALDUTIS: Thank you, Paul.
KANGAS: My guest Julius Maldutis of Aviation Dynamics.
http://www.pbs.org/nbr/site/onair/transcripts/061005b/
One on One with Julius Maldutis, President of Aviation Dynamics
Thursday, October 05, 2006
PAUL KANGAS: The stocks of the major U.S. airlines have been gaining altitude in recent weeks as fuel prices drop. But will that upswing continue? Joining me now to answer that question, noted airline analyst Julius Maldutis, president of Aviation Dynamics. Julius, welcome back to NIGHTLY BUSINESS REPORT.
JULIUS MALDUTIS, PRESIDENT, AVIATION DYNAMICS: Thank you.
KANGAS: Oil prices are down over 20 percent since their July peak and many carriers have managed to extract deep cuts in labor costs through union concessions. Does this mean the airlines are finally getting into decent financial shape?
MALDUTIS: Absolutely. After five years of horrific losses the airlines this year are poised to report the first profitable year. But I think we`re going to see a big merchant movement in the industry which will result in consolidation and a reduction in flights.
KANGAS: All right, now if you were to own, let's say, two or three major carrier stocks, what would you start with? What would you own?
MALDUTIS: I would own American, Continental and United Airlines.
KANGAS: Tell me about American. We'll put a chart up here and look at that stock. There it is. It's had a run-up and now is back down a little bit.
MALDUTIS: American Airlines I think is a very important key player. Don't lose sight of the fact that American a number of years ago made a bid to acquire Northwest Airlines at $57 a share. They always wanted to be a big player in the Pacific so American Airlines is one winner.
KANGAS: OK.
MALDUTIS: The second winner is Continental Airlines. Continental Airlines has been the object of United Airlines taking a hard look at it. Continental at one time proposed a merger with Delta Airlines and also Continental has a special relationship with Northwest.
KANGAS: And it has had a good run-up in the stock too. We're looking at the chart.
MALDUTIS: Absolutely. So Continental could be a player. And then the final one is United Airlines. Mr. Tillton has said that after coming out of bankruptcy, that United should acquire someone and I believe that the new U.S. Air could very well be acquiring United Airlines.
KANGAS: OK. That one -- that chart looks like it's really had a rough time of it recently. But you expect it to rebound, apparently.
MALDUTIS: Absolutely because Mr. Tillton has publicly stated that he's interested in doing a consolidation merger.
KANGAS: Yeah. And the earnings for all three look pretty good to you?
MALDUTIS: I think they are all poised in reducing flights going forward. And I think we're going to have a four or a five-year profit cycle to the industry. There will be other beneficiaries, of course from such a consolidation. But those are the three key players.
KANGAS: Now from what I can gather about 80 percent of all, all the airlines have 80 percent capacity on most of their flights. Will a slowdown in the economy affect that?
MALDUTIS: Well, they are slowing down the number of flights. They are going to be pulling capacity and specifically as a result of a merger, there will be less flights available. So airplanes are going to be full, continue to be full.
KANGAS: All right, fair enough. Incidentally, do you own any of those three stocks you mentioned?
MALDUTIS: No, I do not. The only one that I own is a little carrier called Midwest Express.
KANGAS: OK. We just have a few seconds left. Any final thoughts now. I guess we have flown out of time here, unfortunately. But anyway, it's great to see you again and thanks for taking the time to come with us.
MALDUTIS: Thank you, Paul.
KANGAS: My guest Julius Maldutis of Aviation Dynamics.
OldGuyinPA
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Let's hope it's the other way around. Doug and the Al's aren't capable of running a larger airline. Our company is in worse shape than their admmiting...operationally.
FCYTravis
Senior
I think that guy is smoking crack. A US/UA merger would mean two or more hub/focus city pulldowns, maybe 10,000 furloughs and layoffs, 50 or 100 planes parked...
Not going to happen.
Not going to happen.
Why not? US Air(ways) has already parked over 200 aircraft and "downsized" several focus cities. Layoff 10,000 people? We've done better already. Besides, who cares- this is America and we're talkin' "increasing shareholder value".
I hope it doesn't happen either but...
Seatacus
Veteran
I agree........it needs to be UA buying US. At least UA knows how to treat their retirees.
Dog Wonder
Veteran
We need another merger.
I like this part of the article!!!
The HP/US Deal - A Non-Overlapping Asset Buy. Not A Merger of Two Global Carriers. It's important to point out that the America West purchase of US Airways is galaxies away from the types of major carrier mergers such as that contemplated by the folks at the top of United. US Airways was essentially an East Coast cadaver, and America West bought it, with the goal of tying the two systems together. Not much overlap. Actually, employees of the former US Airways should have votive candles lit in front of images of Doug Parker. If HP had not decided to take a chance buying an airline system on the other side of the continent, unemployment lines would be a lot longer today in Charlotte, Pittsburgh, Washington, and Philadelphia.
Hummmm?????!!!!!
The HP/US Deal - A Non-Overlapping Asset Buy. Not A Merger of Two Global Carriers. It's important to point out that the America West purchase of US Airways is galaxies away from the types of major carrier mergers such as that contemplated by the folks at the top of United. US Airways was essentially an East Coast cadaver, and America West bought it, with the goal of tying the two systems together. Not much overlap. Actually, employees of the former US Airways should have votive candles lit in front of images of Doug Parker. If HP had not decided to take a chance buying an airline system on the other side of the continent, unemployment lines would be a lot longer today in Charlotte, Pittsburgh, Washington, and Philadelphia.
Hummmm?????!!!!!
Travels2mch
Veteran
And their customers!
