Flagging domestic travel casts shadow over US airline earnings

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

A travel boom has produced bumper earnings for major U.S. carriers this year but signs of softening demand on domestic routes have amplified worries that the...

CHICAGO - A travel boom has produced bumper earnings for major U.S. carriers this year but signs of softening demand on domestic routes have amplified worries that the bubble is about to burst, sparking a sell-off in airline stocks and prompting analysts to slash their earnings estimates.

Airline fares, however, have been posting a double-digit decline from a year ago. Ticket prices for holiday travel are also down. Meanwhile, jet fuel prices have risen at a faster clip, worsening cost pressures. United has said its fuel costs have climbed over 20% since mid-July. The United flight was headed to Israel, but it had to turn back after Hamas launched attacks on Israel from Gaza on Saturday.This is a rare opportunity to earn $1,000 in annual passive income for decades with less than $12,300 investment in this super dividend stock. The post Buy 282 Shares of This Super Dividend Stock for $1,000/Year in Passive Income appeared first on The Motley Fool Canada.Two high-yield dividend stocks fly under the radar but are wealth builders like energy giant Enbridge.

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:

 /  🏆 47. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

Israel-Hamas War Casts Shadow Over $43 Billion in Assets as Stocks Slump  - BNN BloombergThe conflict between Israel and Hamas has turned the spotlight on billions of dollars in Israel-linked fund assets, as money managers gauge the toll on businesses operating in the war-stricken country.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Israel-Hamas War Casts Shadow Over $43 Billion in Assets as Stocks Slump  - BNN BloombergThe conflict between Israel and Hamas has turned the spotlight on billions of dollars in Israel-linked fund assets, as money managers gauge the toll on businesses operating in the war-stricken country.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Today's watchlist: MTY Food Group earnings, U.S. wholesale dataExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »