Flagging domestic travel casts shadow over US airline earnings

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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.

 

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