Airfare is down, but here's why that may not last for long
Publishing timestamp: 2024-02-13 16:37:23
Summary
The article discusses how airfare fell 6.4% in January compared to the previous year, but airlines are facing capacity constraints due to various factors such as engine recalls, congested airports, and delayed aircraft deliveries. Despite these challenges, airline executives forecast robust demand and potential improvement in pricing. The article also mentions specific comments from airline CEOs regarding the challenges they are facing.
Sentiment: MIXED
Tickers: A, BA, ULCC, UAL, LUV, SAVE, DAL, ALK,
Keywords: breaking news: business, united airlines holdings inc, breaking news: economy, business news, spirit airlines inc, ed bastian, delta air lines inc, business, u.s. economy, frontier group holdings inc, southwest airlines co, alaska air group inc, raytheon technologies corp, boeing co, economy, transportation, airlines,
Source: https://www.cnbc.com/2024/02/13/airfare-is-down-but-heres-why-that-may-not-last-for-long.html