Tag: air travel

Global airlines more than doubled their 2023 industry profit forecast on Monday from $4.7 billion to $9.8 billion, spurred by a rise in travel demand as consumers continue to book flights in the aftermath of the COVID-19 pandemic. Revenue levels suggest that the travel industry...

Airbus posted its fiscal earnings for the first quarter on Wednesday, which saw the aviation company's earnings drop by 39% compared to the previous quarter. Driven by lower airplane deliveries and a recovering dollar, the drop in revenue was partially offset by the strength...

Southwest Airlines posted a first-quarter loss after the airline suffered a major operational letdown during the busy holiday season. The company's stock dropped to 30.90 on Thursday from 32.16 during the previous session. Based in Dallas, Texas, Southwest Airlines suffered a major operational failure that resulted...

Global oil traders are fixated on China's air travel ahead of its Golden Week as a means of gauging whether or not oil prices are set to decline in the near term. "Mainland China’s domestic jet fuel demand has almost fully recovered, while international jet...

United Airlines released its first-quarter earnings report on Tuesday, beating its revenue estimates for the period despite posting a loss. The company's quarterly loss was $0.63 per share, marginally short of the Zacks Consensus Estimate of a loss of $0.73 per share. The first...

Delta Air Lines CEO Ed Bastian expressed satisfaction with his company's financial results for the first quarter of 2023 despite missing estimates. For 10 days, the Atlanta, Georgia-based airline achieved the highest cash sales in its history as customer demand exceeded peak pre-pandemic levels....