US airlines set to gain as fares trend higher on higher fuel costs
Industry benefiting from stepped-up pricing power, steady economic growth and a boost from US tax overhaul
Atlanta
AIRLINES are poised for a third year of stock gains even after a jump in jet-fuel prices.
Delta Air Lines Inc and Alaska Air Group Inc are projected to rise 20 per cent or more this year, based on the average of analyst estimates compiled by Bloomberg. American Airlines Group Inc, Southwest Airlines Co and United Continental Holdings Inc are set for smaller gains.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Hyundai Motor plans to add hybrids to US plant within current investment
Boeing cargo plane lands in Istanbul without front landing gear, no casualties
Uber shares tumble on surprise net loss, weak second-quarter forecast
New law increases control of ownership, management of critical transport firms in Singapore
Premium for big car COEs tops S$105,000 while that for mainstream cars hovers below S$95,000
Toyota sees 20% full-year profit decline after blockbuster Q4