Airline companies' stocks recover from failed summer surge to hit 2022 high

Quick Summary:

Carriers faced a glut of empty seats over the summer that left many scrambling to cut ticket prices.

The bulk of the recent rally is owed to United Airlines Holdings Inc., which makes up a nearly a fourth of the airlines index.

Carriers faced a glut of empty seats over the summer that left many scrambling to cut ticket prices and curtail unprofitable routes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Global airline industry Airline industry

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-18 @ 22:47:28 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 586 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23121003

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Official Website: business-standard.com

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News Last Updated: 5 hours ago

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