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Economy

“Labor Day Travel Seen Climbing 9% After Record US Summer”

“Bookings for domestic travel over the US Labor Day weekend are up 9% from last year, according to motor club AAA. While the estimate only includes travel booked through AAA, the data adds to a sanguine picture for summer fuel… Continue Reading…

Business, Economy

“Air travel demand is breaking records. Airline profits are not”

“…Some airlines have forecast record demand, and in some cases, revenue. On Sunday, the Transportation Security Administration screened more than 3 million people, a one-day record. But higher labor and other costs have eaten into airlines’ bottom lines. To adapt to slower demand… Continue Reading…

Economy

“36% of Americans plan to take on debt for summer travel. Here’s why that worries financial experts”

“… …” https://www.cnbc.com/2024/06/29/some-american-plan-to-take-on-debt-for-summer-travel.html This is a bad idea. Now is the time to reduce debt not stack it.

Economy, Energy

“EU agrees to decarbonize air travel with the ‘world’s largest green fuels mandate for aviation’”

“European Union negotiators secured a deal to decarbonize the air travel sector, seeking to slash heat-trapping emissions by stimulating the region’s green aviation fuel market. The agreement on the so-called ReFuelEU Aviation proposal followed late night talks on Tuesday and… Continue Reading…

Business, Economy

“Business travel costs are expected to rise through 2023, industry report says”

“…Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Next year, fares are set… Continue Reading…

Economy, Energy

“Record high Memorial Day gas prices are stinging consumers and impacting travel”

“…The national average for unleaded gasoline is now $4.599 per gallon, just below a record of $4.60. That’s also a 40% increase so far this year and well above last year’s $3.04 per gallon level, according to AAA. By the… Continue Reading…

Economy

“Boeing, airline stocks tumble as new Covid variant spurs travel curbs”

“Boeing, airlines and other travel stocks tumbled on Friday after several European and Asian countries announced new travel restrictions from southern Africa because of a new Covid variant. The U.K. on Thursday said it would temporarily suspend flights from South… Continue Reading…

Predictions, Opinions, & Comments, Stocks

Raxxmorz’s Market Projections Proven Correct. If You Listened You Made Money

“Airline stocks rally, led by American Airlines, after Deutsche Bank’s sector-wide upgrade to buy” “Among the biggest premarket gainers, shares of American Airlines shot up 5.8%, JetBlue Airways Corp. rallied 2.1%, Delta Air Lines Inc. rose 1.6%, Southwest Airlines Co.… Continue Reading…

Stocks

“Travel stocks are ‘very vulnerable to a sell-off’ heading into Thanksgiving, trader warns”

“From escalating tensions between the U.S. and China, the highly infectious coronavirus pandemic outbreak, and the 2020 presidential Election, this year has turned into a rollercoaster ride for investors. Forced lockdowns weighed down industries like the oil & gas sector,… Continue Reading…

Business

“American Airlines credit downgraded to B- at S&P, the lowest rating among its airline peers”

“Shares of American Airlines Group Inc. AAL, -9.81% rallied 6.2% in afternoon trading, even as the air carrier’s credit rating was cut to a peer-group low of B- from B at S&P Global Ratings. The credit rating agency said the outlook on the… Continue Reading…