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| Turbonium |
| Help. Someone please find out what Pan American Airlines' ticker symbol was... |
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| wienerschnitzel |
is that what you are looking for? the logo?:conf: |
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| Turbonium |
No, but thanks. :)
I'm looking for the ticker symbol, as in the symbol it used in the stock market. I have a guess that it's PAA or something similar. |
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| PhloTron |
| quote: |
Pan Am reports quarterly earnings, new flights and is the goat of the week
PAN AM (AMEX: PAA) this week reported a net loss of $14.6 million in the first quarter of 1997, which represents a net loss of $1.33 per share.
Total operating revenues were $21.7 million and total operating expenses were $36.6 million, resulting in an operating loss of $14.9 million. Pan Am recorded a non-operating income of $238,000 in the first quarter. Comparable figures for 1996 are not meaningful as the corporation was in a pre-start period.
Pan Am Corp.'s principal subsidiary, Pan American World Airways, began scheduled service on Sept. 26, 1996, and has reported a steady rise in load factors since its initial start-up. For the fourth quarter of 1996, the airline reported a load factor of 46.8%, which grew to 67.1% for the first quarter of 1997.
On March 21, Pan Am announced that it had reached a definitive agreement to acquire Carnival Air Lines for 9.5 million shares of Pan Am stock. Carnival operates 60 daily flights with a fleet of 27 jet aircraft, including nine A300's. Carnival serves 20 airports across the United States and the Caribbean and has nearly 1,600 employees.
Pan Am expects to close this transaction in June.
Pan Am also plans to triple its daily service between Los Angeles and New York's Kennedy Airport to three trips in each direction.
Apparently Wall Street was not impressed. The stock dropped 10% this week, making it the Goat of the Week, ending the week at $7 3/16.
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This may help you, however, remember the original Pan Am went Bankrupt and Under in 1991, they re-started business under Carnival (the cruiseline) a couple years later, then bought out the rights to use the Pan Am name through about 97 or 98 (I cant remember), in which that airline failed. Recently through now, a turbo-prop carrier in the Carribean has the rights, and flies under the Pan Am Logo.
Meanwhile, all this time, Pan Am's Weather subsiderary Pan Am Services (or something like that) has been in business the whole time, even though the airline division hasn't faired so well.
I hope this helps some. |
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| MERTON |
| yup. tin' shure is good... yup.. did mine a few hours ago. |
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| igottaknow |
| quote: | Originally posted by Turbonium
Help. Someone please find out what Pan American Airlines' ticker symbol was... |
Please tell me you're not still writing that paper that was due weeks ago. :nervous: |
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