Airline stocks have tumbled across the board as travel demand dropped to near-zero amid the global coronavirus pandemic and lockdowns around the world.
"We continue to like leisure exposed airlines with good liquidity and strong balance sheets," he wrote in the note. Although US airlines as an industry are expected to see their collective net debt increase 40% over 2020, largely as they attempt to survive the pandemic, Southwest and Alaska will likely be below the average, Didora wrote — Alaska is forecasted to only grow its debt by 8%.
Corporate travel is expected to return more slowly than Leisure, hindering the expected financial performance of the major US carriers: American, Delta, and United.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside McDonald's response to George Floyd protests - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No junk food. They save lives.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside clash between Minneapolis police and union: Arradondo and Kroll - Business Insider[THREAD] 👇 Chief Medaria Arradondo — Minneapolis' first black police chief — once sued the city and the department, alleging racial discrimination. He’s attempted to institute meaningful reform, but has been met with resistance from the police union. Criminal justice experts say police unions impede meaningful reform in city police departments by protecting aggressive cops. In addition to advocating for higher wages, unions sought to protect job security by limiting disciplinary transparency. Here you go...here’s a really good way to reform police departments...target the unions...they’ve been hindering reform for years and protect bad cops when they shouldn’t be protected DemocRAT run Minneapolis right ? ...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Look inside a converted Rhode Island fire station for sale - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. When you feel like giving up, remember why you held on so long in the first place. Never give up on your dream! I mean, they can’t get credit for keeping the fire pole. No sane person would remove the fire pole PTeach111 Wow. That’s quite a place.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Mid-tier airlines' stock is a good investment, analyst says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
What Trump insiders are saying, Silicon Valley's split, and how to invest - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
There's a 'disconnect' with bank stocks and they should climb higher, top analyst saysWells Fargo's Mike Mayo said on 'Fast Money' that bank stocks can climb higher still after a strong week for the sector. that's crap. their barely suriving even with all the Fed. stimulus money. Key graph in story, a.k.a “burying the lede: “In a note released Monday, Mayo wrote that investor feedback to Wells Fargo since last week’s call to raise price targets indicated a willingness by clients to take larger positions in bank stocks.” First Housing , now it's auto loans ! What next ?
Source: CNBC - 🏆 12. / 72 Read more »