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 Новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 12. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

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
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

Morgan Stanley's Latest Insights: Strong Earnings Beat and Stock PerformanceMorgan Stanley's Latest Insights: Strong Earnings Beat and Stock Performance
Источник: Investingcom - 🏆 450. / 53 Прочитайте больше »

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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »