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To: IceShark who wrote (16479)	1/20/1999 4:29:00 PM
From: yard_man	Respond to of 86076

Do you want me to help? -g- I think GTW disappoints big time ... and CPQ.

To: IceShark who wrote (16479)	1/20/1999 4:47:00 PM
From: MythMan	Respond to of 86076

pay no attention to this kind of stuff.. btw, good luck on your latest pos foray..win one for the thread! >>Wednesday January 20, 4:24 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Air stocks fall on weak profits, troubled outlook NEW YORK, Jan 20 (Reuters) - Airline stocks sank on Wednesday, led by declines in shares of AMR Corp. (NYSE:AMR - news) and US Airways Group Inc. (NYSE:U - news), as fourth quarter profit reports from both airlines fell short of Wall Street's expectations. Shares of US Airways slipped 6-11/16 to 50-9/16 in afternoon trading, while AMR shares fell 4-7/8 to 59-3/8. Wall Street analysts attributed the decline to the ''sobering'' outlook for the year that each airline presented during their conference calls with analysts. ''Both conference calls were very sobering insofar as their near-term outlook for revenues,'' said Morgan Stanley Dean Witter analyst Kevin Murphy. ''They just think there's a capacity imbalance out there that is going to mitigate any revenue recovery for the time being.'' The number of airline seats is expected to rise significantly this year despite expectations of slowing growth in gross domestic product. During the U.S. airline industry's most troubled years in the 1980s and early 1990s, seat capacity also outpaced growth in the U.S. economy's gross domestic product. Additionally, weakness in overseas markets has pressured industry performance in areas such as Latin America and Europe, where the amount of available airline seats has increased as airlines move their planes out of weak Asian markets. Earlier Wednesday, American Airlines blamed lower fourth quarter profits on falling yields, a measure of price per mile paid by its passengers, and said yields were particularly weak in its international markets. The statement comes a day after Northwest Airlines (Nasdaq:NWAC - news) Chief Financial Officer Mickey Foret said the airline is ''not expecting any meaningful improvement in Asia over the next 11 to 12 months.'' <<