5.8 C
New York

5 things to watch in airlines’ quarterly results

Must read

Tension caused by today’s crises can actually damage your health. A health care provider has some recommendations

Most of us want much more than a person way to discharge adrenaline and turn off the cortisol spigot, an internist claims.

Look out L.A. and New York: the migration wave lead by Gen Z and city dwellers is real

Across the nation major central business districts in cities like Los Angeles, Chicago, and Seattle remain eerily empty as employers continue to keep staff...

Pelosi Arrives Unglued As She Promises Smaller Inauguration Is ‘Not A Concession To The Terrorists’

Speaker of the House Nancy Pelosi (D-CA) received defensive all through her weekly press convention on Friday as she resolved options for Joe Biden...

Property opens probe into stability failures in deadly U.S. Capitol assault

A member of the National Guard mounts guard around the U.S. Capitol making, as the Home of Reps debates impeaching U.S. President Donald Trump...

Travelers wearing protective masks check-in at the Delta Air Lines Inc. check-in counter at San Francisco International Airport (SFO) in San Francisco, California, U.S., on Monday, Dec. 21, 2020.

David Paul Morris | Bloomberg | Getty Images

The coronavirus pandemic snapped U.S. carriers’ decade-long streak of profits. Analysts estimate U.S. airlines lost more than $35 billion. “2020 was the worst year in aviation history,” is how Cowen airline analyst Helane Becker put it.

Quarantines, travel restrictions, closed attractions, grounded business trips or fears of catching the disease kept millions of travelers off airplanes. Positive vaccine news ignited a rally for airlines at in the year but it wasn’t enough to undo the damage. American Airlines shares fell 45% in 2020, Delta Air Lines lost 31%, United Airlines shed 51% and Southwest dropped 14%, while the S&P 500 rose by 16%.

Airline executives this month will detail the brutal year and their outlook, however murky, for 2021, starting with Delta before the market opens Thursday. Analysts expect the carrier to report an adjusted per-share loss of $2.48 for the fourth-quarter and a 68% year-on-year drop in revenue to $3.67 billion. United is set to follow suit on Jan. 20 and Southwest on Jan. 28.

Here’s what to watch in their reports and words as the industry faces another difficult year:

Source link

Some Exciting Offer For You

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

9 + = 17

Latest article

Tension caused by today’s crises can actually damage your health. A health care provider has some recommendations

Most of us want much more than a person way to discharge adrenaline and turn off the cortisol spigot, an internist claims.

Look out L.A. and New York: the migration wave lead by Gen Z and city dwellers is real

Across the nation major central business districts in cities like Los Angeles, Chicago, and Seattle remain eerily empty as employers continue to keep staff...

Pelosi Arrives Unglued As She Promises Smaller Inauguration Is ‘Not A Concession To The Terrorists’

Speaker of the House Nancy Pelosi (D-CA) received defensive all through her weekly press convention on Friday as she resolved options for Joe Biden...

Property opens probe into stability failures in deadly U.S. Capitol assault

A member of the National Guard mounts guard around the U.S. Capitol making, as the Home of Reps debates impeaching U.S. President Donald Trump...

5 Things You Need to By no means Say to a Claims Adjuster

If you take place to get in a auto accident, it is additional than most likely that at some level, you could close up...