Tag Archives: airline

As vaccinations increase and the reopening continues, the battered travel industry is getting back in the air. But unsurprisingly, the recovery is once again K-shaped — some sub-sectors are doing much better than others. According to Jefferies senior research analyst Sheila Kahyaoglu, total U.S. airline traffic is around 40% of what it was at the same time in 2019. But the difference between destinations is stark: international is down 67% and domestic is only 22% lower. “International is… Source link

Memorial Day weekend marks the start of the airline industry’s busy summer travel season and airfare expert Bob Harrell said fares are going up.  “Well, they’ve been going up fairly dramatically in the last six months at least,” he told Yahoo Finance. Harrell is president of Harrell Associates, a firm that tracks and benchmarks ticket prices across the industry. In normal times, business fares are four to five times more expensive than leisure fares, according to Harrell, but right now,… Source link

Warren Buffett has a storied history with airline stocks, once quipping, “I am Warren and I am an aeroholic.” But the spectacular returns for the industry over the last year are casting a dark cloud on Berkshire Hathaway’s decision to dump all of its airline holdings in May 2020 as prices were bottoming. Berkshire loaded up on stock of the four major U.S. carriers in 2016. At the 2020 Berkshire annual shareholders meeting, Buffett said he’d spent $7 billion to $8 billion amassing stakes in… Source link

Benzinga Fasten Seatbelts Again? New Turbulence For Boeing Ahead Of Q1 Earnings Approaching Q1 earnings a year ago, Boeing (NYSE: BA) investors would have probably loved to hear that by this time, the 737 Max would be back in the air, airlines would be ordering more of that particular plane, and daily U.S. passenger numbers would be around 10 times their deepest Covid-related depths. They probably would also have been pretty happy about a stock price near $250, up from lows near $150 going… Source link

The New York Times How Cuomo’s Team Tried to Tarnish One of His Accusers Days after Lindsey Boylan became the first woman to accuse Gov. Andrew Cuomo of sexual harassment, people tied to the governor started circulating an open letter that they hoped former staff members would sign. The letter was a full-on attack on Boylan’s credibility, suggesting that her accusations, made in a series of Twitter posts in December, were premeditated and politically motivated. It disclosed personnel… Source link

TipRanks Deutsche Bank Is Getting Bullish About Airlines; Offers 3 Stocks to Buy The COVID pandemic crisis hit the economy like a sledgehammer – or to be more precise, the government responses of shutdowns and lockdowns hit the economy – but the crisis is fading now. Daily new cases of coronavirus disease have fallen by two-thirds, serious cases have fallen even faster, and the vaccination program is starting to accelerate. There are fits and starts in the process, as in any large and… Source link