Research Library
Below is our research library, listed in reverse chronological order. Please use the search box to look for research on a specific company or topic, or use the Calendar, Archives, or Sector links at left to browse for research from a specific time period or sector. If you are a Wolfe Trahan client and can not access any of the links in our library, please contact ITSupport@WolfeResearch.com to request our PDF decryption plug-in.
The AMR Bankruptcy Capacity Monitor
According to published schedule data from OAG filings, AMR’s system-wide capacity (measured by seats, not ASMs) over the next three months (May-July) is down 1.6% y/y, exactly in line with the schedule data from the last two weeks. Domestic capacity is expected to decline 1.5% y/y, transatlantic capacity is expected to decline 3.7% y/y, transpacific capacity is expected to decline 13.3% y/y (driven by ORD-DEL), and Latin capacity is expected to decline 1.0%, all in line with last week.
Inside Airlines: An update on the airline industry’s case against “Rule 2”
We attended SAVE & ALGT’s appeal of DoT “Rule 2” at the Court of Appeals in Washington D.C. on Monday. SAVE (and others) are suing the DoT for overreaching with the Department’s so called “Rule 2” mandate that requires airlines to refund fares purchased within 24 hours if the customer asks, prohibits the advertisement of fares that exclude taxes/fees (this impacts SAVE’s $9 fares), preemptively disallows airlines from selling tickets that have a variable fuel price component that would be calculated shortly before the flight, but after the ticket was purchased (we refer to this as post purchase price adjustments, or PPPA), and more. The appeal was argued by outside counsel primarily representing SAVE, and we believe we were the sole attendees from the investment community, and below in the note we recapped key themes from the hearing.
Research Library
- Coverage List
- Consolidated Research Library
- Airfreight & Surface Transportation Library
- Portfolio Strategy & Quantitative Analysis Library
- Accounting & Tax Policy Library
- Auto & Truck Manufacturing Library
- Airlines Library
- Conference Calls
- Interactive Doh! Models
- Ed Wolfe Bi-Weekly Freight Update