News Formal

The high-end consumer is embracing travel this summer. These stocks will benefit, says Morgan Stanley

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 16 min. at publisher
  • 📊 Quality Score:
  • News: 61%
  • Publisher: 72%

American Airlines Group Inc Notizia

Airlines,Travel,Norwegian Cruise Line Holdings Ltd

More higher-income consumers plan to travel this summer than their lower-income counterparts, a Morgan Stanley survey found.

Americans might be watching their spending amid persistent inflation, but it's not deterring many of them from traveling this summer — especially those with higher incomes. Morgan Stanley and AlphaWise polled about 2,000 U.S. consumers in May and found that 60% of consumers are preparing to take a summer trip. Among consumers who earn between $75,000 and $150,000, 75% said they have travel plans, and the figure jumps to 78% for consumers making more than $150,000, the poll found.

Its proposed acquisition of Hawaiian gives Alaska Airlines a much larger piece of the premium market, he noted. Shanker also likes American Airlines , which he said "may be one of the cleanest stories among our coverage with rising numbers, clean execution, improving balance sheet and low noise." Its management has also noted its premium revenue is nearly 20% from last year and currently makes up 61% of revenue, he said.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Morgan Stanley's Slimmon names tech stocks to buy at a 'reasonable price'Though he fears a change in market conditions could cause 'some sort of equity correction,' the portfolio manager says it's 'clear sailing' for stocks for now.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

The market is still underestimating the number of cuts this year: Morgan StanleyThe market is still underestimating the number of cuts this year: Morgan Stanley
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

Morgan Stanley's Latest Insights: Strong Earnings Beat and Stock PerformanceMorgan Stanley's Latest Insights: Strong Earnings Beat and Stock Performance
Fonte: Investingcom - 🏆 450. / 53 Leggi di più »

Morgan Stanley picks global stocks to play a $100 billion AI boom, giving one 40% upsideDemand for AI 'enablers' is surging, Morgan Stanley says, and a number of companies in Asia are set to benefit in a big way.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »