Let’s talk about three transportation sector stocks, Alaska Air Group (ALK stock), American Airlines (AAL stock), and Union Pacific Corporation (UNP stock), which are all expected to release their earnings reports for the third quarter of 2022 on October 20. These companies are all scheduled to report their earnings on October 20.
There is now just one S&P 500 transportation business that has released its figures for the third quarter of 2022, and that company is Delta Air Lines, Inc. DAL. Delta’s sales of $13,975 million were lower than the Zacks Consensus Estimate of $14,157.2 million; but, year-over-year growth of more than 52% was achieved as a result of robust demand for air travel. The scenario of robust demand for air travel is also obvious from the 11% rise in overall operating revenue compared to the levels seen in the third quarter of 2019 (before the coronavirus).
The prospects of the Transportation industry have been hampered by headwinds such as inflation-induced market instability, supply-chain issues, and high fuel prices; yet, the participants in the sector have been helped by certain positives despite these challenges. Despite some modest setbacks, there has been a significant increase in freight demand due to the expansion of economic activity. This allowed for the expansion of participants in the transportation industry, such as railroad operators.
As a result of COVID-related limitations being eased, individuals have resumed their normal day-to-day activities, which has led to a substantial resurgence in demand for air travel. The positive impact of this factor on the sector’s airline firms was significant. Even if the economies have started to recover, customers still have a strong desire to purchase online. Additionally, the fact that demand for online shopping is still strong bodes well.
The optimism that surrounds the industry is made clear by the most recent Earnings Preview report, w...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube