What Economic Slowdown? The Airline Industry Isn’t Seeing It

Last week, Delta was singing the same happy tune. “Global demand is continuing to ramp as consumers shift spend to experiences, businesses return to travel and international markets continue to reopen,” Delta Air Lines CEO Ed Bastian said on his company’s third-quarter earnings call, where he reported a $966 million profit and record operating revenue of $12.8 billion, 3% higher than the same quarter in 2019.

Airline ticket prices have climbed much faster than overall inflation due to several factors. Russia’s war in Ukraine has driven up fuel costs and, in recent months, an extraordinarily strong rebound in travel demand has collided with massive challenges to supply, including labor shortages, aircraft delivery delays and other issues.

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Business-Software Companies Say Customers Are Pulling Back Amid Economic ConcernsBusiness-software companies Salesforce, Okta and CrowdStrike say clients are delaying certain purchases and becoming more cautious If Dems lost, we would have seen a better outcome. Remember Dems were co-conspirators in the makings of Covid. They will do anything to clinch the wheel of power. Now, wait anxiously to see what they unleash in 2024. Nuclear war? World war? Another pandemic? Prepare for hell
Fuente: WSJ - 🏆 98. / 63 Leer más »