Airline stocks slide despite CEOs' upbeat demand outlook
Publishing timestamp: 2023-03-15 13:34:29
Summary
Airline stocks have slid amid concerns over the stability of some banks and a slowdown in consumer spending. Despite airline executives being upbeat about travel demand in 2023, there are near-term problems such as higher expenses like fuel and labor, and a shift in lucrative business travel due to more hybrid work models.
Sentiment: NEGATIVE
Tickers: AAL, .SPX, DAL, JBLU, UAL,
Keywords: breaking news: business, life, aerospace and defense industry, jetblue airways corp, united airlines holdings inc, business news, travel, airlines, american airlines group inc, transportation, delta air lines inc, s&p 500 index, economy, markets, business,
Source: https://www.cnbc.com/2023/03/15/airline-stocks-slide-despite-ceos-upbeat-demand-outlook.html