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Air Travel Demand

All articles tagged with #air travel demand

Jet-fuel surge threatens United's Q1 results as demand stays resilient
business1 month ago

Jet-fuel surge threatens United's Q1 results as demand stays resilient

United Airlines CEO Scott Kirby said surging jet fuel prices—up about 58% to $3.95 per gallon—will meaningfully pressure first-quarter results and could spill over into Q2, noting United does not hedge fuel costs; despite higher costs, demand remains resilient with booked revenue up about 20% year over year, aided by travelers from Australia and New Zealand avoiding the Middle East, and the carrier weighing options including potential charter flights ahead of a JPMorgan industry conference.

via CNBC|
#air-travel-demand#business#jet-fuel
Jet Demand Takes Center Stage at Paris Air Show.
business2 years ago

Jet Demand Takes Center Stage at Paris Air Show.

The Paris Air Show returns as airlines are starving for jets to feed the surge in air travel demand. Boeing and Airbus are racing to increase production to meet the demand, but slots for narrow-body jets are sold out for years. Aviation analytics firm IBA estimated that there could be orders for about 2,100 planes during the show as airlines replace older aircraft and prepare for future growth in air travel. However, the production delays have driven up rates to lease both new and older planes as airlines search for other opportunities to boost flights.

via CNBC|
#air-travel-demand#airbus#aircraft-production
business3 years ago

Boeing's Q1 Earnings Show Mixed Results with 737 Max Production Boost.

Boeing is expected to report its best Q1 results since 2019, with revenue estimated to be $17.7 billion, a 26% jump from the prior year. The company is projected to have sold 131 commercial jets last quarter, up from 95 deliveries a year ago, and is expected to report a loss of 98 cents per share, an improvement of almost 65% over last year. Boeing's fortunes are tied to air travel demand, and the company's production delays cost it market share to rival Airbus.

via Investopedia|
#air-travel-demand#boeing#business