Business travel picks up, bolstering outlook for US airlines

CHICAGO - U.S. airlines have enjoyed a travel boom for the past three years, but until this past quarter, big-spending corporate travelers had been largely missing.

In an interview, Alaska's chief financial officer, Shane Tackett, said demand would keep growing, as spending by technology companies has not fully recovered. Business trips generated as much as half of passenger revenue at U.S. airlines before the global health crisis, according to industry group Airlines for America.

Delta last week said 90% of its corporate customers are planning to either maintain or increase travel volumes in the current quarter. The Atlanta-based airline, which saw a double-digit year-on-year increase in corporate sales in the first quarter, expects to deliver record corporate revenue in the second half of this year.

In this article, we will take a detailed look at Jim Cramer’s New Picks: 10 Stocks to Buy. For a quick overview of such stocks, read our article Jim Cramer’s New Picks: 5 Stocks to Buy. Jim Cramer said during his program on April 17 that we would need to see at least two months of “cooling numbers” before BCE stock has a super-swollen dividend yield right now as it passes 9%. The post BCE Stock’s Dividend Yield Hits 9%—Is it Finally Time to Buy? appeared first on The Motley Fool Canada.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Creating a unique business plan: Setting your business up for successNorthern Credit Union provides essential support for entrepreneurs in Northern Ontario
Fuente: SooToday - 🏆 8. / 85 Leer más »

Creating a unique business plan: Setting your business up for successNorthern Credit Union provides essential support for entrepreneurs in Northern Ontario
Fuente: sudburydotcom - 🏆 6. / 89 Leer más »

US business activity stable in March; inflation picks upExplore stories from Atlantic Canada.
Fuente: SaltWire Network - 🏆 45. / 63 Leer más »

US business activity stable in March; inflation picks upS&P Global said on Thursday that its flash U.S. Composite PMI Output Index, which tracks the manufacturing and services sectors, dipped to 52.2 this month...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

See your business logo up at Port Coquitlam's May Days festivalSponsorship packages are now available for businesses for the 101st annual May Days in Port Coquitlam, May 5 to 11, 2024.
Fuente: BurnabyNOW_News - 🏆 14. / 77 Leer más »