United’s stock briefly sinks to a penny on accidental republication of 2002 bankruptcy article
Some folks with sell stops got taken to the cleaners yesterday, and someone with a low-ball limit order made a ton of cash. (Not me, alas. For the record, I haven’t invested in any airline stocks, long or short, except for a brief dalliance in 1998.) Shares of UAL Corp. went from $12.16 to $0.01 when a 2002 Chicago Tribune article with the headline “United Files For Bankruptcy” appeared today. With today’s date. Oops. Perhaps we can find a way to blame fuel prices for the error.
Elite beggars staying at five star hotels
A sweep of Abu Dhabi for beggars during the month of Ramadan has found some particularly successful panhandlers staying at some of the city’s top hotels. Clearly, if they’re making the kind of bank that puts them in the Ritz, I’m doing something wrong. Maybe I should have put in that limit order to buy UAUA at a penny.
Boston fires up the juice
Benet Wilson, who admits that she travels with a power strip, reports that Boston’s Logan International Airport has added 520 power outlets and 520 USB ports under terminal seats and tables for you to charge your electronics. The juice isn’t everywhere yet, but you’ll find it at Terminals A, C and E and near Gate 37 in Terminal B. And yes, the airport is looking for companies to sponsor the power outlets, so the juice stays on and free.
But the car already HAD Bondo on it when I rented it!
You gotta appreciate the renter’s moxie here:
The blue Ford Focus left the lot back in June. The renter paid every 30 days until the middle of August. Rental Manager Brittany Aldrich reported it stolen Tuesday and the car showed up the next day damaged, to say the least. But the damage had been “fixed” by the renter, with Bondo and blue spray paint.
Fuel surcharges CAN be reversed
Air France/KLM and El Al are doing the unthinkable: They’re rolling back the fuel surcharges that they tacked on weeks ago. So is Singapore Airlines. Now that oil has slid back, closer to $100 than to $150, the charges were no longer justified. Could you see that sort of thing happening among U.S. airlines? Neither can I. Hmm, that brings us to…
Continental adds a fee for the first checked bag, worsens OnePass program
Citing higher fuel costs, cough cough, Continental has added a $15 fee for those checking their first bag, eliminated the 500-frequent-flyer-mile minimum, reduced elite bonuses, and raised the mileage cost for frequent flyer ticket redemptions on certain routes. What a surprise.


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September 10th, 2008 at 9:24 am
The UAL share drop to 0.01 was an internet rumour – the shares didn’t fall below $3.
http://www.forbes.com/2008/09/08/ual-tribune-bankruptcy-biz-media-cz_ja_tvr_0908ualstory.html
http://news.yahoo.com/s/nm/20080908/bs_nm/ual_dc
http://www.suntimes.com/business/1151154,ual090808.article
Now I’m off to Abu Dhabi to become a beggar!
September 10th, 2008 at 9:27 am
Oh – and your suspicions have been confirmed.
US airlines are not cutting fuel surcharges.
http://ap.google.com/article/ALeqM5h1ti_fqiebT3vnpVPRfjhVaC6-gQD933GAMG2
September 22nd, 2008 at 5:01 pm
OMFG, have you seen this:
“Earlier this month, we announced that OnePassĀ® members will earn the actual miles flown rather than a minimum of 500 miles per flight for tickets purchased on or after Nov. 15, 2008.
We’ve listened, and our Elite members think this change unfairly dilutes the benefits of the OnePass program. Therefore we are exempting you from this change, and Elite members will continue to earn the 500 mile minimum on all segments flown under the current policy.
We appreciate your business and look forward to serving you again soon.”
How cool is that!?