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Airline bookings have stayed strong in August despite macroeconomic pressures that have lead to overall higher fares and labor disruption that has lowered capacity for some carriers. System net sales improved for the week ending August 7 to -9.2% vs. 2019 from the prior's week...
London’s Heathrow Airport, the busiest airport in Europe prior to the pandemic, has asked airlines to discontinue summer sales as it struggles with staff shortages and delays. A statement released on Tuesday explained that the airport cannot cope with surging passenge...
Bank of America said in its latest report on the airline industry that is has yet to see any cracks in airline bookings, despite investors being concerned about a potential slowdown post peak summer travel. Notably, international volume crossed above the 2019 level for the first time since th...
ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. Small cap stocks struggled during the first quarter as in...
Bank of America pointed to a strong upturn in airline bookings data that backs up the positive tone heard from carriers with their traffic and guidance updates. The firm said system net sales stepped up significantly to -15.4% compared to 2019 for the week ending March 13 vs. -25.4% compared ...
ClearBridge is a leading global asset manager committed to active management. Research-based stock selection guides our investment approach, with our strategies reflecting the highest-conviction ideas of our portfolio managers. The Strategy’s returns were relatively flat for th...
International Consolidated Airlines Group (OTCPK:ICAGY +8.8%) is the biggest gainer in the Stoxx Europe 600 Index on reports that vaccinated passengers will be permitted to travel to the U.S. from European Union nations and the U.K. in November. President Biden is expected to announce the cha...
Airbus (OTCPK:EADSY +0.3%) picks off a Boeing (BA +0.4%) customer with an order for 36 single-aisle planes valued at $4.9B at list prices from U.K. leisure carrier Jet2 (OTCPK:DRTGF), citing lower fuel consumption, comfort and efficiency in choosing the A321neo jets. The deal is valued at $4....
Airbus ([[EADSY]] +1.6%) is said to be the front-runner to sell dozens of narrowbody planes to U.K. leisure travel group Jet2 (DRTGF), Reuters reports, which if concluded would be a blow to current Jet2 supplier Boeing (BA).If confirmed, the deal could involve 50 Airbus jets, worth ~$5B befor...
Global airline body International Air Transport Association is pushing for more aggressive environmental targets for the airline industry as it throws its voice into the pushback against oil majors being generated by activists and shareholders.IATA thinks the backlash against Exxon, Chev...