Airlines Cut Schedules Amid Rising Fuel Costs
Global airlines are reducing flight schedules and grounding aircraft due to increasing jet fuel prices. Industry analysts suggest these rising costs may drive further consolidation within the aviation sector. Analysts at Jeffries noted that Delta Air Lines has addressed these fuel concerns during recent earnings calls. Analyst Sheila Keogalo of Jeffries reports that rising jet fuel prices are a major industry concern. Delta CEO noted these fuel price pressures during a recent earnings call.
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Sources · 7 independent
KNX Los Angeles
“Airlines around the world are cutting schedules and grounding planes amid rising jet fuel prices and deal speculation. Consolidation is a theme that's going to happen in the industry.”
WBBM Newsradio 780
“Airlines around the world are cutting schedules and grounding planes amid rising jet fuel prices and deal speculation. Sheila Keogalo is an analyst at Jeffries and she says rising jet fuel prices are a major concern for the industry.”
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