The airline industry enters 2023 amid ongoing concerns about the impact of fuel prices and hiring challenges in the industry.
In an airline-industry outlook report, Raymond James analyst Savanthi Syth says that the analyst firm expects to see demand contract in the first half of 2023 without a meaningful pullback in fuel prices and with elevated cost pressures from networks still recovering from the effects of the COVID-19 pandemic. Airlines in the U.S. are also facing significant wage inflation, although most carriers in...
Now read: Delta Air Lines stock jumps on raised guidance, as carrier cites ‘robust’ demand for air travel At its investor day earlier this month, Southwest Airlines promised to return its route network to prepandemic levels by the end of 2023 and cited leisure- and business-travel booking trends that bode well for next year. As expected, the carrier reinstated its dividend.Southwest Airlines’ stock is down 14.9% this year.
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