Back-to-back strikes of Harvey and Irma force airline stocks to lower third-quarter 2017 forecasts. Apart from calamities, high labor costs might also mar results in the quarter.
Delta (DAL) is struggling with multiple headwinds like high labor and fuel costs. Consequently, the company trimmed its guidance for the third quarter.
United Continental's (UAL) third-quarter 2017 results are likely to suffer due to Harvey. Evidently, the company cuts guidance for the quarter. Additionally, high fuel and labor costs remain concerns.
Гид по университетским библиотекам Великобритании: архив Зигмунда Фрейда, собрание Стенли Кубрика, материалы Уотергейта
Soft traffic data from the likes of JetBlue Airways (JBLU) along with the unfavorable air fare reading has resulted in the sector tracker decline.
Delta Air Lines (DAL) has decided to end services on the Guam-Japan route due to lack of demand. Tourists to Guam from Japan are currently limited owing to North Korea's missile threat.
Capacity overexpansion is believed to be one of the reasons for the decline in air fares. Even though, the low ticket prices spell good news for fliers, the same is likely to hurt the top line of carriers in the long run.
Spirit Airlines (SAVE) has been hurt by multiple headwinds lately. The decline in August load factor is another setback for the stock.
The airline industry's woes continue with the consecutive impacts of Harvey and Irma, besides high labor and fuel costs. This compels the carriers to present a dismal outlook for the current quarter.
After being grounded lately, airline stocks are flying high following the weakening of Irma. The sector tracker's upward movement reflect the recent strength.
Airline stocks finally had something to cheer about as the impact of Irma was weaker than expected in Florida. Consequently, the NYSE ARCA Airline Index gained on Sep 11.
NEW YORK (Reuters) - Hedge fund manager Leon Cooperman said on Tuesday he thinks the stock market is currently fairly valued but warned that people should not become "too exuberant" in the future.
Though disappointed by JetBlue Airways' (JBLU) decision to trim its current-quarter RASM forecast, efforts to expand its Mint service and reduce debt levels raise optimism.
United Continental Holdings (UAL) disappoints with respect to declined load factor for August due to capacity expansion outpacing traffic growth.
After the Harvey-induced disruptions, airlines are being faced with a fresh challenge with Irma approaching Florida. They have already cancelled many flights.