Southwest, American Airlines and JetBlue are scheduled to release quarterly reports on Thursday.
The aviation industry will end its reporting season this week as investors scour the data for evidence of stronger consumer demand or an economic slowdown.
After Delta Air Lines and United Airlines Having launched the sector last week with higher-than-expected quarterly earnings per share, revenue and valuations, shareholders of American Airlines, JetBlue and Southwest are now keeping a close eye on the latest quarterly reports due Thursday.
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Edward Moya, senior market analyst at OANDA in New York, told FOX Business on Monday: “Last week’s airline earnings showed that consumer demand remains strong, no matter how high the fares.”
“This week, American Airlines, JetBlue and Southwest will either confirm that the strong consumer will not disappear or point to a potential turning point that confirms that a significant part of the economy is in slowdown mode,” he continued. “Airline earnings may give us some insight into consumer discretionary trends.”
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On Thursday at 8:30 am ET, American Airlines will announce a call to investors for fourth-quarter financial results and financial results for fiscal year 2022. JetBlue is talking to investors and analysts at 10:00 AM ET, with Southwest Airlines following at 12:30 PM ET.
|LOVE||SOUTHWESTERN AIRLINES CO.||36.69||-0.37||-1.00%|
|DAL||DELTA AIR LINES INC.||39.08||+0.05||+0.13%|
|UAL||UNITED AIRLINES HOLDINGS INC.||49.28||-0.18||-0.36%|
|AAL||AMERICAN AIRLINES GROUP INC.||16.17||-0.17||-1.04%|
|BLUE||JETBLUE AIRWAYS CORP.||8.65||+0.07||+0.82%|
Credit: www.foxbusiness.com /