Airline Earnings Show Signs of Life. But New Challenges Are Emerging._老虎社区_美港股上老虎

Airline Earnings Show Signs of Life. But New Challenges Are Emerging.

Barron's2021-07-23

Profits are inching back across the airline industry as leisure travel surges, while business and long-haul international show signs of life. But carriers face new challenges: Jet fuel prices have ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

Unraveling7
·2021-07-23
Challenging
回复
2
举报
Havier
·2021-07-23
Nice
回复
5
举报
收起
- Havier:
  Nive
  2021-07-23
  回复
  举报
Havier
·2021-07-23
👍
回复
2
举报
TammyYap
·2021-07-23
🤝
回复
3
举报
7d63c31b
·2021-07-23
Good
回复
1
举报
收起
- 121711b8:
  [微笑] [微笑]
  2021-07-23
  回复
  举报
boon5209
·2021-07-23
Hello
回复
2
举报
收起
- boon5209:
  Morning
  2021-07-23
  回复
  举报
- SiewLooiWan:
  sure
  2021-07-23
  回复
  举报
- TammyYap:
  👍
  2021-07-23
  回复
  举报
进击的徐小伟
·2021-07-23
hi
回复
3
举报
闪电侠08
·2021-07-23
Like me pls
回复
2
举报
收起
- 进击的徐小伟:
  good
  2021-07-23
  回复
  举报

热议股票

7x24

全部

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

关注我们

{"i18n":{"language":"zh_CN"},"data":{"share":"https://www.laohu8.com/m/news/1127402643?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-07-23 10:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1127402643","market":"us","top_or_hot":-1,"title":"Airline Earnings Show Signs of Life. But New Challenges Are Emerging.","media":"Barron's","content":"<div>\n<p>Profits are inching back across the airline industry as leisure travel surges, while business and long-haul international show signs of life.\nBut carriers face new challenges: Jet fuel prices have ...</p>\n\n<a href=\"https://www.barrons.com/articles/airline-earnings-stocks-51626967412?mod=hp_LATEST\">网页链接</a>\n\n</div>\n","source":"lsy1610680873436","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Airline Earnings Show Signs of Life. But New Challenges Are Emerging.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirline Earnings Show Signs of Life. But New Challenges Are Emerging.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-23 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/airline-earnings-stocks-51626967412?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Profits are inching back across the airline industry as leisure travel surges, while business and long-haul international show signs of life.\nBut carriers face new challenges: Jet fuel prices have ...</p>\n\n<a href=\"https://www.barrons.com/articles/airline-earnings-stocks-51626967412?mod=hp_LATEST\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UAL","symbol_name":"联合大陆航空","start_time":0,"source_url":"https://www.barrons.com/articles/airline-earnings-stocks-51626967412?mod=hp_LATEST","article_id":"1127402643","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1127402643","pubTimestamp":1627008952,"columns":[],"sourceInfo":{"source_id":"lsy1610680873436","name":"Barron's"},"weMediaInfo":null,"summary":"Profits are inching back across the airline industry as leisure travel surges, while business and lo","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UAL":"联合大陆航空","AAL":"美国航空","DAL":"达美航空","C":"花旗","LUV":"西南航空"},"translate_title":"航空公司收入显示出生机。但新的挑战正在出现。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAL":0.9,"C":0.9,"DAL":0.9,"LUV":0.9,"UAL":0.9},"content_text":"Profits are inching back across the airline industry as leisure travel surges, while business and long-haul international show signs of life.\nBut carriers face new challenges: Jet fuel prices have surged in the last few months, pressuring operating profits. And the fall travel season, typically weak for leisure, will likely have to see big gains in corporate for airlines to hit Wall Street’s targets.\nThe other major variable: the Delta variant of the coronavirus. Travel momentum that has built for months may slow or stall if the variant prompts delays in border reopenings and a lifting of travel restrictions.\nWhile Europe has been reopening to U.S. citizens, the Biden administration isgoing slowin lifting restrictions on visitors from Europe and other regions, including China, India, and Brazil. And the U.S. recently issued a do-not-travelwarningto the U.K., citing a surge in Covid-19 cases.\nFor now, airlines are largely meeting or beating forecasts, albeit with some hiccups.\nAmerican Airlines topped estimates for revenue and earnings in the quarter. The carrier reported $7.5 billion in sales, 2.2% ahead of consensus forecasts, and posted an adjusted loss of $1.69 a share, beating forecasts for a loss of $2.03.\nExcluding a bevy of special items—including $1.4 billion of federal payroll support and tax credits—American said it earned a profit of $19 million or 3 cents a share.\nAmerican is also getting back to prepandemic capacity, saying that it expects to fly more than 90% of its domestic seat capacity and 80% of international this summer. For the third quarter, typically weaker than the summer, the carrier expects capacity to be down 15% to 20%, largely matching Wall Street estimates.\nBut American is likely to take longer to return to pretax profits than its legacy rivals United Continental and Delta Air Lines, notes Raymond James analyst Savanthi Syth. American’s huge debt load is weighing on results. And while the carrier said that it planned to pay down debt quicker than it previously expected, it remains a burden on the balance sheet.\nSyth maintained a Market Perform rating on the stock.\nCitigroup ’s Stephen Trent was also skeptical of Americans’ plans to pay down $15 billion in debt over the next four years. The carrier’s “call to reduce financial leverage by $15 billion in four years is welcome,” he wrote, “but is certainly not an easy task.” That figure is larger than American’s total equity value of $13.7 billion, he notes, and the carrier’s debt repayment will give it less flexibility to invest in other areas.\nHe also maintained a Neutral rating on the stock and $21.50 target.\nSouthwest Airlines, on the other hand, has the strongest balance sheet of the major carriers, along with exposure to the strongest segment of air travel—domestic leisure—two factors that should help it post meaningful profits well ahead of other legacy carriers.\nSouthwest’s second quarter was a mixed bag. The carrier reported slightly more revenue than forecast at $4 billion, beating consensus estimates by 1.8%. The airline posted earnings before interest, taxes, depreciation, and amortization, or Ebitda, of $228 million, ahead of forecasts for $192 million.\nBut Southwest missed forecasts for earnings per share, posting a loss of 35 cents, against estimates for a loss of 23 cents. Jet fuel prices weighed on the bottom line, increasing sharply from the first quarter, noted CEO Gary Kelly in a release. And the airline is predicting cost increases in the third quarter as it brings back most employees and fuel prices remain elevated.\nBut Kelly also highlighted positive booking trends, noting that leisure traffic in June rebounded above 2019 levels at comparable fares. Leisure bookings and fares in July are trending higher than July 2019 levels, he added, and while business continues to lag, he said the carrier is seeing “steady weekly improvements” in corporate bookings.\nThe carrier’s third-quarter outlook was for capacity to be flat compared with 2019 levels. That came in ahead of some forecasts; Cowen’s Helane Becker had expected capacity to be down 11%, for instance.\nShe maintained a Buy rating and $67 target on the stock while cautioning that monthly results “warrant monitoring.”\nSyth also liked the outlook, noting that “the revenue outlook appears encouraging.” She also maintained an Overweight and $68 target.\nAirline stocks aren’t doing great this year, however. The sector is underperforming the S&P 500, gaining 11.5% against a return of 16% for the broader market. And while strong second-quarter results have sparked a mini-rally, the sector is still down 8.5% over the last month versus a 2.6% gain for the S&P 500.\nThe only carrier beating the market this year also happens to be the one with the most fragile finances: American Airlines. It’s up 36.6% on the year, more than triple the sector’s gains.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":175138934,"gmtCreate":1627012305728,"gmtModify":1633768780400,"author":{"id":"3585225313870167","authorId":"3585225313870167","name":"Unraveling7","avatar":"https://static.tigerbbs.com/20845cb3821f7f7f3d19a528cfdab692","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3585225313870167","authorIdStr":"3585225313870167"},"htmlText":"Challenging","listText":"Challenging","text":"Challenging","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175138934","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175198973,"gmtCreate":1627011433992,"gmtModify":1633768787670,"author":{"id":"3576066254911822","authorId":"3576066254911822","name":"Havier","avatar":"https://static.tigerbbs.com/511acfc4da5d0028e130fb23f17bd845","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576066254911822","authorIdStr":"3576066254911822"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175198973","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301563,"gmtCreate":1627011453825,"gmtModify":1635223243893,"authorId":3576066254911822,"author":{"id":3576066254911822,"idStr":"3576066254911822","authorId":3576066254911822,"name":"Havier","avatar":"https://static.tigerbbs.com/511acfc4da5d0028e130fb23f17bd845","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175198973,"type":1,"supId":0,"prevId":0,"content":"Nive ","text":"Nive ","html":"Nive "}],"langContent":"EN"},{"id":175191092,"gmtCreate":1627011387716,"gmtModify":1633768788623,"author":{"id":"3576066254911822","authorId":"3576066254911822","name":"Havier","avatar":"https://static.tigerbbs.com/511acfc4da5d0028e130fb23f17bd845","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3576066254911822","authorIdStr":"3576066254911822"},"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175191092","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175372131,"gmtCreate":1627010143123,"gmtModify":1633768799227,"author":{"id":"3584603154935447","authorId":"3584603154935447","name":"TammyYap","avatar":"https://static.tigerbbs.com/60f1cf053649acc54659546866fc8a33","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3584603154935447","authorIdStr":"3584603154935447"},"htmlText":"🤝","listText":"🤝","text":"🤝","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175372131","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175345905,"gmtCreate":1627009531307,"gmtModify":1633768803606,"author":{"id":"3586413839671343","authorId":"3586413839671343","name":"7d63c31b","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3586413839671343","authorIdStr":"3586413839671343"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175345905","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301374,"gmtCreate":1627010140817,"gmtModify":1635223258321,"authorId":3584839794199440,"author":{"id":3584839794199440,"idStr":"3584839794199440","authorId":3584839794199440,"name":"121711b8","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175345905,"type":1,"supId":0,"prevId":0,"content":"[微笑] [微笑]","text":"[微笑] [微笑]","html":"[微笑] [微笑]"}],"langContent":"EN"},{"id":175348261,"gmtCreate":1627009381253,"gmtModify":1633768804680,"author":{"id":"4087435323603320","authorId":"4087435323603320","name":"boon5209","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4087435323603320","authorIdStr":"4087435323603320"},"htmlText":"Hello&nbsp;","listText":"Hello&nbsp;","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/175348261","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301268,"gmtCreate":1627009395309,"gmtModify":1635223266742,"authorId":4087435323603320,"author":{"id":4087435323603320,"idStr":"4087435323603320","authorId":4087435323603320,"name":"boon5209","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175348261,"type":1,"supId":0,"prevId":0,"content":"Morning","text":"Morning","html":"Morning"},{"id":5301272,"gmtCreate":1627009410397,"gmtModify":1635223266305,"authorId":3582061758353540,"author":{"id":3582061758353540,"idStr":"3582061758353540","authorId":3582061758353540,"name":"SiewLooiWan","avatar":"https://static.tigerbbs.com/882a76fb2f3809d087f6c6ad77073f77","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175348261,"type":1,"supId":0,"prevId":0,"content":"<u>sure</u>","text":"<u>sure</u>","html":"<u>sure</u>"},{"id":5301376,"gmtCreate":1627010157933,"gmtModify":1635223258213,"authorId":3584603154935447,"author":{"id":3584603154935447,"idStr":"3584603154935447","authorId":3584603154935447,"name":"TammyYap","avatar":"https://static.tigerbbs.com/60f1cf053649acc54659546866fc8a33","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175348261,"type":1,"supId":5301272,"prevId":0,"content":"👍","text":"👍","html":"👍"}],"langContent":"EN"},{"id":175341179,"gmtCreate":1627009313491,"gmtModify":1633768805617,"author":{"id":"3561850660076010","authorId":"3561850660076010","name":"进击的徐小伟","avatar":"https://static.tigerbbs.com/0f022be559c389a4135ab4eb456224be","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3561850660076010","authorIdStr":"3561850660076010"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/175341179","repostId":1127402643,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":175357236,"gmtCreate":1627009106325,"gmtModify":1631884258255,"author":{"id":"3557814871166009","authorId":"3557814871166009","name":"闪电侠08","avatar":"https://static.tigerbbs.com/f6450511f68919f0aaec67826ad592dd","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3557814871166009","authorIdStr":"3557814871166009"},"htmlText":"Like me pls","listText":"Like me pls","text":"Like me pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/175357236","repostId":1127402643,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5301257,"gmtCreate":1627009308971,"gmtModify":1631884258260,"authorId":3561850660076010,"author":{"id":3561850660076010,"idStr":"3561850660076010","authorId":3561850660076010,"name":"进击的徐小伟","avatar":"https://static.tigerbbs.com/0f022be559c389a4135ab4eb456224be","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":175357236,"type":1,"supId":0,"prevId":0,"content":"good","text":"good","html":"good"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":60,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}