Airline follows declines south of the border
) share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates.
In addition, United’s revenue could be disappointing the longer that flights to Israel are suspended for the Israel-Hamas war. Investors, however, focused immediately on the airline’s prediction that fourth-quarter earnings would be between $1.50 and $1.80 per share, well below analysts’ forecast of $2.09 per share.
She noted steeper competition with Porter Airlines, Flair Airlines and Lynx Air on domestic, cross-border and sun destination routes, but pointed to Air Canada’s loyalty program and fuel-efficient planes as an advantage.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Air Canada stock slides to one-year low despite frothy summer profitsMONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates. The company's...
Read more »
Air Canada stock slides to one-year low despite frothy summer profitsAir Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates.
Read more »
Air Canada stock slides to one-year low despite frothy summer profitsMONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates. The company's stock slipped nearly three percentage points to $17.
Read more »
Air fares fell 21% in September, Statistics Canada saysCanadians paid significantly less for their flights in September compared to the same month last year, according to new data from Statistics Canada.
Read more »
'Bizarre' that Canada lagging on sustainable aviation: Airbus Canada CEOThe chief executive of Airbus Canada says the country possesses the key factors to place it at the cutting edge of sustainable jet fuel innovation — making it all the more 'bizarre' that Canada lags behind the United States and Europe on this front.
Read more »
Here's a list of September inflation rates for selected Canadian citiesOTTAWA — Canada's annual inflation rate was 3.8 per cent in September, Statistics Canada says.
Read more »