Airlines Looking Good Despite Steep Fuel Costs: Here’s Why

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Gulf
  • Date: 07-Jun-2022
  • Source: Nasdaq
  • Sector: Defense
  • Country: Gulf
  • Who else needs to know?

Airlines Looking Good Despite Steep Fuel Costs: Here’s Why

The steep oil price increase (up 33% in first-quarter 2022) does not bode well for the Zacks Airline industry players as far as their bottom-line growth is concerned. This is because fuel expenses form a chunk of the input costs borne by the aviation space.