Get ready for higher fares: Airlines bet surge in travel demand will help offset fuel costs
Publishing timestamp: 2022-03-15 12:21:09
Summary
Major airlines, including Delta, United, and Southwest, are seeing stronger travel demand and higher ticket prices following the subsiding of the omicron wave. Despite facing higher fuel prices, the airlines are confident in their ability to pass along costs to customers and are optimistic about their revenue recovery compared to pre-pandemic levels. Airline shares rose across the board in response to the positive outlook.
Sentiment: POSITIVE
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