Bobbydgg From United States of America, joined Feb 2001, 98 posts, RR: 0 Posted (12 years 7 months 2 weeks 5 days 6 hours ago) and read 711 times:
Airline stocks seem to fall in the cyclical category because of the spending habits of big business in the various regions of the business cycle. JetBlue, when it becomes a public company, seems to be a solid investment but US Airways has also caught my eye. Likely not to fall any lower than its current price on the heels of the DOJ's refusal to approve the UAL merger, it seems that US Airways has nowhere to go but up. Many on this board have mentioned its favorable balance sheet as an indication of its potential for success in the future. If not, then, US Airways remains a viable candidate for a larger airline to purchase. Am I correct in believing, then, that this would be an intelligent investment opportunity?
Hypermike From United States of America, joined Dec 1999, 1001 posts, RR: 5
Reply 2, posted (12 years 7 months 2 weeks 5 days 5 hours ago) and read 692 times:
US Airways has an AMAZING balance sheet with something like $1.6B USD in cash, a fleet of brand-spankin' new planes that are about 50% outright owned, and a great line of credit available to it for upwards of $500M USD.