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February 04, 2013

Monday Midday Must-Reads

-Japan Airlines says the grounding of Boeing's Dreamliner will cost the carrier $7.5 million through March. The Asian carrier operates seven Boeing 787s which were grounded after a battery fire on a JAL plane in Boston earlier this year. JAL says it will seek compensation from Boeing, according to a New York Times report.

-US Airways investors are getting a little skittish about a possible merger with American Airlines. The author of this Seeking Alpha commentary points out that US Airways shares have dropped off of their highs in the past week as a possible deal appears imminent. Although the merger would create the largest airline in the U.S., there would be integration issues that may worry investors.

-And Malaysia Airlines officially joined American's Oneworld alliance last week, USA Today reports. The addition of Malaysia to Oneworld gives the alliance another hub in south Asia. Previously, Oneworld's only other hub in the region was Cathay Pacific's Hong Kong hub.

-Andrea Ahles

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Comments

Josh Ocho

Previously, Oneworld's only other hub in the region was Cathay Pacific's Hong Kong hub.

How about JAL NRT hub?

PO'd

I wouldn't put much mind into seeking alpha or motley fools for that matter. Those guys are all fools in it selves.

Wings367

I would be skittish about a merger, too. You are integrating a bunch of different unions, all with egos and unresolved issues.

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