The Latest from Tom Carlson
Tom Carlson is from Weston, Connecticut and has worked in finance for the past 20 years. During this time he has specifically focused on corporate restructuring and business turnaround. This video is Tom’s personal take on financial advice in relation to Wall Street. Enjoy!
The Latest from Tom Carlson
Learn how to turn your ideas into action:
I’m excited to announce my first ever online class: Productivity for Creatives.
Working with the remarkable team at Skillshare in New York City, I’ve created this concise, self-paced, one hour class that walks you…
The Latest from Tom Carlson
This Is An Ideal Resume For A Mid-Level Employee
The Latest from Tom Carlson
Here’s Why Investors Are So Excited About Zillow:
Zillow is set to release its second fiscal quarter earnings report of 2014 on Tuesday, August 5th after the market closes. Zillow has been one of the hottest stocks of the year and an announcement last week that the home listings media company will be acquiring rival Trulia for $3.5…
The Latest from Tom Carlson
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The Latest from Tom Carlson
This is a map of political contributions.
Airlines Restructuring for the better
The commercial airline industry has been considered a beleaguered beast over the past few year, with major players going into bankruptcy or undergoing large reorganizations. But in the past quarter, American Airlines, United Airlines and Delta Airlines all posted record profits, the New York Times reports.
For the first time in over a decade, airlines are bringing in enough cash to reward shareholders with new dividends, pay down debt, and buy new aircraft. W. Douglas Parker, CEO of American Airlines, said that their second quarter earnings were the best in the company’s history. Parker, in a memo to employees, expressed disbelief that only 8 months prior, American was in bankruptcy. Now, after a merger with US Airways in December, the company will begin paying out its first quarterly dividend since 1980. Delta also posted a profit of $801 million in the second quarter and United Airlines, still fresh off its troubled merger with Continental, bringing in $919 million.
These carriers have been very careful these past few years. They have limited available flights around major hubs, increased fees, and partnerships with international carriers in order to increase their reach around the world. The fact that two of these airlines are still undergoing mergers makes this second quarter all the more remarkable.
Analysts do urge caution, in particular, about the stock-buying programs for United and American, which total about $1 billion apiece. Because the mergers are incomplete for those airlines, some analysts believe there is a reason to proceed with caution.
“Unanticipated integration problems could affect earnings and cash flows, which would be made worse by American’s cash commitments to shareholders,” according to a report by Fitch Ratings. “Like American, United also has sizable upcoming capital commitments as it takes delivery of new aircraft, and the share repurchases could pressure cash balances if not managed prudently.”
Still, profitability for the first time in a generation is certainly reason for optimism, which some believing that this is a beginning of a new era for domestic legacy carriers.
