About the Company
Pacific Southwest Airlines (PSA) was a low-cost US airline headquartered in San Diego, California, that operated from 1949 to 1988. It was the first substantial scheduled discount airline. PSA called itself "The World's Friendliest Airline" and painted a smile on the nose of its airplanes, the PSA Grinningbirds. Opinion L.A. of the Los Angeles Times called PSA "practically the unofficial flag carrier airline of California for almost forty years."For three quarters of its existence, PSA operated as a California intrastate airline. PSA's early success as an intrastate airline served as a model for Southwest Airlines, which did in Texas what PSA had done in California. After the Airline Deregulation Act of 1978, PSA expanded to cities in other US western states and Mexico. PSA did not survive for long after deregulation, but its influence lives on through the continued success of Southwest. In 1986, US Air agreed to purchase PSA, the transaction closed in 1987 and PSA was integrated into US Air in 1988. The PSA acquisition gave USAir a network on the West Coast, but by 1991 US Air had largely withdrawn from California in the face of fierce fare wars driven, in significant part, by the spread of Southwest. US Airways purchased American Airlines in 2015, retaining the American name. Today's American Airlines Group continues to protect the PSA name and trademark by using it as a name for a regional airline subsidiary, PSA Airlines.
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Latest $ACVA News
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ACV Auctions Inc - Ordinary Shares - Class A
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ACVA ACV Auctions Inc.
The overall quant rating is not an average of the factor grades listed. Instead, it gives greater weight to the metrics with the strongest predictive value.
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ACV Auctions Inc.
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
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