Airfare is cooling as carriers add service for summer peak period
Publishing timestamp: 2023-07-13 11:32:15
Summary
Airfare declined more than 8% last month, the biggest drop in nearly a year. The plunge in fuel prices is helping boost airlines' bottom lines. Delta reported record quarterly earnings and is expecting more record revenue. International fares are doing better as customers opt for trips abroad. United Airlines and American Airlines will provide their outlooks on demand next week.
Sentiment: POSITIVE
Keywords: life, transportation, united airlines holdings inc, breaking news: business, travel, inflation, airlines, business news, economy, delta air lines inc, business, breaking news: economy, aerospace and defense industry, american airlines group inc,
Source: https://www.cnbc.com/2023/07/13/airfare-is-cooling-as-carriers-add-service-for-summer.html