US Airways Pursues American Airlines, Hawaii Ruling Benefits Online Travel Sites: Consumer Biz Wrap

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

US Airways (NYSE:LCC) will pursue the acquisition of American Airlines (AAMRQ.PK) without the okay of the carrier’s management if need be, says the Allied Pilots Association. A message sent by the union to pilots on Monday night advises that an “alternate strategy” is being worked out.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Expedia (NASDAQ:EXPE), Orbitz Worldwide (NYSE:OWW), and Priceline.com Incorporated (NASDAQ:PCLN) should benefit directly from a ruling by a judge in Hawaii which says that online travel sites will not have to pay state hotel room tax for a period between 1999 and 2011. The decision could save the firms as much as $700 million in back costs.

Don’t Miss: DuPont, UPS, 3M Earnings, Nokia’s New Bond: Stock Buzzers.


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business