From Matthew Kazin: The International Air Transport Association (IATA) downgraded its outlook for the world’s airline industry due to the rising cost of fuel and weakening world trade.
From Phil LeBeau: Don’t look now, U.S. airfares just went up.
From David Shepardson: (Reuters) – A review by a U.S. Federal Aviation Administration panel into Boeing Co’s grounded 737 MAX aircraft found a planned software update and training revisions to be “operationally suitable,” the agency said Tuesday, an important milestone in getting the planes back in the air.
From Emma Newburger: Airlines canceled more than 4,000 flights across the U.S. this weekend as heavy snow and thunderstorms snarled operations at major airports in cities like Chicago and Dallas, leaving some travelers stranded overnight.
From Sweta Killa: A higher number of Americans are gearing up for Thanksgiving travel by road or air encouraged by a booming economy, higher wages, rising consumer confidence and increasing levels of household wealth.
From Sweta Killa: The transportation sector has been on a smooth ride this earnings season with stock prices up 1.3% (aggregate one-day stock market reaction to earnings releases) in response to earnings announcements. Total earnings of 97.7% of the sector’s total market capitalization that has been reported so far is up 24.3% on revenue growth of 9.6%. […]
From Zacks: In the past week, Latin American carrier — GOL Linhas Aereas Inteligentes S.A. (GOL – Free Report) — reported wider-than-expected loss per share for third-quarter 2018. Results were hurt by high costs and currency-related headwinds.
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