-
Warren Buffett rails against airline investing
TransportNoted investor Warren Buffett continues to decry airline investing even though he didn’t lose any money on his most famous airline investment, US Airways. At the recent Berkshire Hathaway annual meeting, Buffett responded negatively when asked a question about airline investing. “Investors have poured their money into airlines and airline manufacturers for 100 years with [...]
-
Why the “Mad Money” host is bullish about online booking sites
DigitalAre travel sites about to take off? For insights Jim Cramer consulted the charts. ”I’ve been a fan of this group for some time now,” said Cramer. However, the Mad Money host’s enthusiasm stems from improved fundamentals. In a recovering economy Cramer thinks people will travel more for both business and vacation. And he likes online [...]
-
Dubai’s hotel and tourism industry fuels the emirates’ fastest expansion in five years
DestinationsDubai stocks rallied to the highest level in more than three years as Emaar Properties PJSC’s new hotel project fueled bets revenue of the developer of the world’s tallest skyscraper will grow this year. Emaar surged 4.6 percent after the company said it would build two luxury hotel and serviced apartment towers in central Dubai. [...]
-
US Airways president Kirby profits on merger speculation
TransportUS Airways Group Inc. President Scott Kirby, who has helped lead the carrier’s push for a merger with bankrupt AMR Corp.’s American Airlines, earned a $1.37 million profit from a sale of the company’s stock. The disposal of 114,862 US Airways shares occurred on Jan. 8 when the stock hit the $15 trigger price set [...]
-
How 10 online travel companies fared on the stock market in 2012
DigitalHere’s how ten leading online travel and travel tech public companies that trade on U.S. markets fared much differently throughout 2012. Click on chart for full size.
-
Are airlines on their way to becoming a hot stock once again?
TransportWhile airline stocks have a reputation for destroying shareholder value as they grapple with volatile fuel costs and grueling competition, investment pros are warming up to a few names in the sector. With American Airlines moving closer to exiting bankruptcy with a possible merger with US Airways Group Inc., the industry will be have at [...]
-
MakeMyTrip and Ctrip.com growth disappoints investors two years after going public
DigitalThere was plenty of buzz behind MakeMyTrip (MMYT) when India’s largest travel website operator went public two years ago.The stock soared 89% on its first day of trading, making it the hottest debut since 2007 at the time. MakeMyTrip was hot. And now it’s not. Shares of MakeMyTrip shed 17% of their value on Tuesday [...]
-
How are online travel stocks faring the day after Priceline-Kayak deal announcement?
DigitalThe morning after the big kahuna of a deal got announced in the online travel sector, how’re the stock of the companies in the sector faring. Of course Kayak’s soaring, though surprisingly the market’s muted on Priceline’s strategic move to buy it. Nomura Securities International analyst Brian Nowak explains some concern in a note to investors saying that [...]
-
Is Priceline’s stock ripe for a fall?
DigitalMomentum is fickle. Investors in Google (GOOG) and Chipotle (CMG) both learned that the hard way after each company reported results that missed forecasts on Thursday. Now investors are trying to figure out what other Wall Street darlings could be ripe for a fall. Traders on StockTwits zeroed in on Priceline (PCLN). And shares of the online travel leader were [...]
