Major U.S. airlines are scheduled to report first-quarter earnings in the coming days, with investors hoping for good news about peak summer travel amid a recent slowdown in bookings.
Another point of interest will be second-quarter revenue guidance, analysts at BofA Securities said in a note Tuesday. “We remain cautious on a weakening consumer into [the second half of the year], with elevated 2023 costs and elevated capex,” Kahyaoglu said. United Airlines Holdings Inc. UAL is slated to report first-quarter earnings after the bell next Tuesday, followed by a call with analysts Wednesday morning.
The BofA analysts, led by Andrew Didora, said that domestic sales have slowed more than international sales since mid-March.
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Earnings momentum: Analysts are raising expectations on these stocks going into their reportsThese S&P 500 stocks are expected to outperform as Wall Street enters another earnings season.
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