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NEW YORK (Reuters) - The chief executive of Delta Air Lines Inc DAL says the SkyTeam alliance of global carriers would be willing to invest more than its proposed $1.02 billion in Japan Airlines , the Wall Street Journal reported.The final proposed investment into JAL by the nine-airline SkyTeam alliance...

Airlines say it’s the right time to fly touting cheap fares and less crowding but special holiday fees could keep travelers grounded on Turkey Day and well into next year. The Air Transport Association an industry trade group released data Friday that showed that 3% fewer people took to the skies during the month of October despite ticket prices being down 12.5% year-over-year. This pushed passenger revenue down for the 12th straight month.The data which was based on a random sampling of the member airlines showed current prices to be on par to prices during the 1998 traveling season ...

No more dog vomit in the cup holders.

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UAL Corporation (UAUA), the parent company of United Airlines, has announced the issue of $810 million notes to pay off existing debt. The $810 million in pass-through securities raised consists of $697 million of Class A certificates with a coupon interest rate of 9.75% expiring in Jan. 2017 and $113 million of Class B certificates [...]

(UAUA) United Airlines’ Parent UAL Corporation Raises Funds

UAL Corporation (UAUA), the parent company of United Airlines, has announced the issue of $810 million notes to pay off existing debt. The $810 million in pass-through securities raised consists of $697 million of Class A certificates with a coupon interest rate of 9.75% expiring in Jan. 2017 and $113 million of Class B certificates with an interest rate of 12.0% expiring in Jan. 2016. A pass-through security is a fixed-income certificate against certain mortgage-backed securities, generally aircraft.

Of the total proceeds raised from the offering, $493 million will be used to pay off equipment trust certificates issued from 2000 to 2002, while the remaining of the funds will be used for general corporate purposes. J.P. Morgan (JPM), Morgan Stanley & Co. (MS), Goldman Sachs & Co. (GS) are acting as joint book-running managers for the issue.

In addition to the drop-off in travel because of the recession, United and other airlines have been struggling as profitable business travelers either stay home or fly cheaper elsewhere. United Airlines reported a 1.6% fall in October 2009 traffic. Capacity was reduced 4.3% to 11.64 billion available seat miles. With jet fuel prices on the rise, the company’s cash flow is expected to remain under pressure.

Other carriers that have raise funds include AMR Corporation (AMR), Delta Air Lines Incorporated (DAL) and US Airways Group Incorporated (LCC). According to the IATA a total of $8 million has been raised in new cash in the past two months by the world’s leading airlines.
Read the full analyst report on "UAUA"
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Read the full analyst report on "MS"
Zacks Investment Research

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Emergency Medical’s (EMS) third quarter earnings per share came in at 66 cents, surpassing the Zacks Consensus Estimate of 60 cents but remained unchanged from the year ago period. The company reported revenues of $665.1 million, a decline of 2.1% compared to the third quarter of 2008. Revenues would have been up by 15%, but for [...]

(EMS) Emergency Medical Beats Consensus Estimates

Emergency Medical’s (EMS) third quarter earnings per share came in at 66 cents, surpassing the Zacks Consensus Estimate of 60 cents but remained unchanged from the year ago period. The company reported revenues of $665.1 million, a decline of 2.1% compared to the third quarter of 2008. 

Revenues would have been up by 15%, but for the Federal Emergency Management Agency (FEMA) hurricane deployment revenue of $101.1 million in 2008. The robust performance during the quarter was primarily driven by the signing of new contracts, increased volumes at the emergency departments, expansion of new service lines and improved resource utilization. 

Emergency Medical operates two business segments - American Medical Response (AMR), its healthcare transportation services segment, and EmCare Holdings (EmCare), the outsourced hospital-based physician services segment. These two segments accounted for approximately 51% and 49%, respectively, of total revenues during the quarter. 

During the quarter, AMR generated revenues of $338.8 million, a decrease of 20.4% compared to the third quarter last year. However, revenues increased by 4.5% excluding the $101.1 million of FEMA hurricane deployment revenue during the year ago period due to an improvement in revenue per transport and growth in managed transportation business, offset partially by lower transports due to the company’s exit from underperforming markets. 

EmCare reported revenues of $326.3 million, an increase of 28.5% compared to the year ago quarter. The addition of 87 net new contracts since Jun 30, 2008 and increased revenue from existing contracts were responsible for the improved performance of the segment. Emergency Medical‘s operating expenses dropped to $85.51 million from $135.08 million in the year ago period, while compensation and benefits rose to $467.62 million from $426.76 million. 

Selling, general and administrative expenses declined to $15.87 million from $20.51 million in the comparable quarter of last year. Despite a 2.1% year over year decline in revenues, controlled expenses increased operating income marginally to $55.47 million. At the end of the quarter, Emergency Medical had $331.1 million in cash and cash equivalents while the company generated free cash flow of $61.2 million. 

The company expects to utilize these funds for suitable acquisitions. In addition to posting strong quarterly results, Emergency Medical reiterated its guidance for 2009. The company expects its earnings per share at the higher end of its existing guidance range of $2.38-$2.48.
Read the full analyst report on "EMS"
Zacks Investment Research

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

BizRadio's Jack Warkenthien interviewed James Altucher, the President of Stockpicker.com about what to buy and what to avoid right now. Among the stocks talked about are Value Click (NASDAQ:VCLK), QLogic (NASDAQ:QLGC), Kellogs (NYSE:K), Lowe's (NYSE:L), Campbell's (NYSE:CPB), Zynex (OTC:ZYXI), Valence (NASDAQ:VLNC), American Airlines (NYSE:AMR), Southwest Airlines (NYSE:LUV), Global Industries (NASDAQ:GLBL), Anadarko (NYSE:APC), Rackspace (NYSE:RAX), Capital Trust (NYSE:CT), Goldman Sachs (NYSE:GS), Service Corp (NYSE:SCI), and The Washington Post (NYSE:WPO). Listen in as Mr. Warkenthien and Mr. Altucher go through the sectors and point out why Internet stocks and storage aren't going anywhere anytime soon, as well as his top pick under $10 and over $100.

Schaeffer's Laura Houser takes a look at activity on the Street after the market close

Schaeffer's Laura Houser takes a look at today's options activity

Schaeffer's Laura Houser takes a look at activity on the Street after the market close