Pursuits
Higher Fuel and Labor Costs Mean You’ll Pay More to Fly in 2017
The party’s over for the airlines. Guess who has to stay and clean up?
Six Airline Stocks Cut at Cowen
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After a comfortable two-year spell of cheap fuel and no major crises to dampen travel demand, U.S. airlines are in for what looks to be a more turbulent 2017. Buckle up.
Seven consecutive quarters of declining jet fuel expenses have come to an end as carriers are likely to report higher bills for the fourth quarter of 2016, with more increases in the offing. Crude oil prices have more than doubled from a February 2016 low of $26 per barrel, with many analysts expecting further, albeit modest increases this year.