U.S. airlines are aiming to convince investors that surging fuel costs won’t knock a record stretch of profitability off course.
Some investors say airlines won’t be able to raise prices fast enough to cover a roughly 55% increase in fuel costs from a year ago. The NYSE Arca Airline Index is down nearly 13% this year while the S&P 500 is up 3.2%.
They expect carriers to commit to schedule cuts to address the rising costs when they report quarterly earnings this month. Delta Air Lines is the first to report, on Thursday.
Read more: https://www.wsj.com/articles/pricier-fuel-to-test-airline-profits-1531058400
