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Part II Are Airline Stocks a Good Investment Right Now? | Nightly Business Review
The CEO of United Airlines just said that he will layoff employees. With that news, does it actually make sense to now invest in the airlines sector? #FinanceED #UAL #DAL #AAL
Today for the Nightly Business Review, we continue our look at the most popular stocks within the Robhinhood and Fidelity brokerages. We zoom down to the Airlines sector and ask, does this chaos suddenly make airlines an attractive investment in the stock market?
From Bloomberg: "United Airlines Holdings Inc. warned employees of bleak times and potential long-term payroll cuts despite billions of dollars in U.S. taxpayer assistance, saying the outlook for travel demand will remain depressed into next year. Chief Executive Officer Oscar Munoz and President Scott Kirby said that “Travel demand is essentially zero and shows no sign of improving in the near term.,”
“While we have not yet finalized changes to our schedule for July and August, we expect demand to remain suppressed for the remainder of 2020 and likely into next year.”
So, with this news, it is clear that the airlines sector is going to be facing tough times; but, does this actually make a good time to invest?
Stocks Mentioned in this Episode: Alaska Air Group, Inc. NYSE: ALKAllegiant Travel Company NASDAQ: ALGTAmerican Airlines Group Inc NASDAQ: AALDelta Air Lines, Inc. NYSE: DALFrontier Airlines Hldgs (MM) FRNTJetBlue Airways Corporation NASDAQ: JBLUUnited Airlines Holdings Inc NASDAQ: UALSouthwest Airlines Co NYSE: LUVSkyWest, Inc. NASDAQ: SKYW
Check out my playlist of all episodes of the Nightly Business Review: Here we take a look at the most popular stocks in the stock market. https://www.youtube.com/playlist?list...
Sources: https://www.investors.com/news/united...
https://www.bloomberg.com
Twitter:
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By Finance EDThe CEO of United Airlines just said that he will layoff employees. With that news, does it actually make sense to now invest in the airlines sector? #FinanceED #UAL #DAL #AAL
Today for the Nightly Business Review, we continue our look at the most popular stocks within the Robhinhood and Fidelity brokerages. We zoom down to the Airlines sector and ask, does this chaos suddenly make airlines an attractive investment in the stock market?
From Bloomberg: "United Airlines Holdings Inc. warned employees of bleak times and potential long-term payroll cuts despite billions of dollars in U.S. taxpayer assistance, saying the outlook for travel demand will remain depressed into next year. Chief Executive Officer Oscar Munoz and President Scott Kirby said that “Travel demand is essentially zero and shows no sign of improving in the near term.,”
“While we have not yet finalized changes to our schedule for July and August, we expect demand to remain suppressed for the remainder of 2020 and likely into next year.”
So, with this news, it is clear that the airlines sector is going to be facing tough times; but, does this actually make a good time to invest?
Stocks Mentioned in this Episode: Alaska Air Group, Inc. NYSE: ALKAllegiant Travel Company NASDAQ: ALGTAmerican Airlines Group Inc NASDAQ: AALDelta Air Lines, Inc. NYSE: DALFrontier Airlines Hldgs (MM) FRNTJetBlue Airways Corporation NASDAQ: JBLUUnited Airlines Holdings Inc NASDAQ: UALSouthwest Airlines Co NYSE: LUVSkyWest, Inc. NASDAQ: SKYW
Check out my playlist of all episodes of the Nightly Business Review: Here we take a look at the most popular stocks in the stock market. https://www.youtube.com/playlist?list...
Sources: https://www.investors.com/news/united...
https://www.bloomberg.com
Twitter: