US airline stock valuations stuck on runway despite travel boom
newscatcher
2023-07-13 02:31
US airline stock valuations stuck on runway despite travel boom
A woman checks the arrivals and departures board at Chicago Midway International Airport in Chicago, Illinois, U.S. April 18, 2023. REUTERS/Jim Vondruska/File photo CHICAGO  -Relentless travel demand has sent bookings at U.S. carriers soaring, translating into bumper earnings. However, their shares have not shown the same trajectory as questions linger about the sustainability of consumer spending. Airline shares have suffered because of bearish sentiment about the broader economy as interest rates are up sharply and inflation remains high, analysts said.

https://business.inquirer.net/410034/us-airline-stock-valuations-stuck-on-runway-despite-travel-boom

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