Oil prices have been trending higher which usually means bad news for airlines as fuel is one of their biggest costs. In light of generally higher prices many airlines are looking to boost revenues from additional charges or overbooking flights. On a recent trip I had with Air Canada an announcement was made right before boarding the plane that there are too many carry on … [Read more...]
Delta Air Lines Hit with Higher Fuel Prices
The price of jet fuel has taken off over the past year and passengers may get left behind. Delta Air Lines, Inc. (DAL) lowered its profit forecast on Wednesday after the recent surge in fuel prices, about 50% higher over the past several quarters. Delta Air Lines provides scheduled air transportation for passengers and cargo throughout the United States and across the world. … [Read more...]
Why Boeing Stock BA Could Fall Further
Stocks in the U.S. declined on Wednesday after Donald Trump implied he wanted to impose new tariffs on China. Doing so could increase the costs and hurt overseas sales for U.S. manufacturers such as Boeing. A White House spokeswoman said that the president is pressing China to "reduce Beijing's bilateral trade surplus by $100 billion." After setting new solar panel tariffs … [Read more...]
American Airlines Group (AAL) Shows Interest in Cuba
Major US commercial air carriers have their sights set on new daily routes for U.S flights to Cuba. Among various airlines, American Airlines (AAL), Delta Air Lines, United Airlines, and JetBlue Airways have submitted applications to the US Department of Justice, to launch commercial flights between U.S. and Cuba. The U.S. department of transportation has taken in application … [Read more...]
