Wednesday, November 25th, 2009

Posts Tagged ‘ Transportation Index ’

A Phantom Increase in Income

Jun 13th, 2008 | By Richard Daughty | Category: Stock Market Investing

If you are like me, you are suddenly realizing that your income did not go up by 0.2%, or any percent, because if it did, it seems like you would have remembered it. And anyway, if my income DID go up, then where in the hell is all of this money?



Silverjet Stops Flying as Fuel Prices Soar

May 30th, 2008 | By Contrarian Profits | Category: Featured, Financial News

British-based business class airline Silverjet announced today that it was grounding its planes as high oil prices force airlines to consolidate to survive. This from Bloomberg:

Silverjet, which never made a profit in 16 months, was the last of three business-class only operators flying between London and the U.S. following the bankruptcy of Eos Airlines and MAXjet Airways Inc. More than a dozen carriers have collapsed in the past six months after the price of oil jumped 41 percent.