When you buy a plane ticket for an upcoming trip, you may be worried about having to wait in long TSA security lines or face flight delays, but you usually don’t have to worry about your airline shutting down. It’s unlikely, but as recently as this month, budget Spirit Airlines made headlines for its imminent…
Airlines are scrambling to protect their businesses as the Iran war pushes jet fuel costs to multi-year highs. The market is splitting into two camps as traders test the limits of pricing power, according to Morgan Stanley analyst Ravi Shanker. While heavyweights like Delta (DAL) and United Airlines (UAL) have the ability to raise prices…
Asian markets responded with a mix of optimism and caution to the latest US inflation report for August. The report showed a moderate increase in inflation, in line with expectations. This has helped ease concerns about an imminent interest rate hike by the Federal Reserve. Leading the charge was Tokyo’s Nikkei 225, rising 1.4% to…
