Turbulence Alert! Darker Clouds Ahead for Airline Companies
One of the major casualties of the coronavirus-induced lockdowns globally was the airline sector. The stay-at-home mandate by various governments across the world led to the sudden ceasing of airline operations, resulting in debilitating losses for companies like Delta Air Lines, Inc. (NYSE: DAL), United Airlines, Inc. (NASDAQ: UAL) and JetBlue Airways (NASDAQ: JBLU). With the virus losing steam steadily, economies reopening and leisure and work-related travel gaining pace, optimism embraced these companies as they thought that the worst was finally over. However, the onset of 2022 brought a new set of challenges for them. Geopolitical tensions led to a massive rise in fuel prices.
Turbulence Alert! Darker Clouds Ahead for Airline Companies
One of the major casualties of the coronavirus-induced lockdowns globally was the airline sector. The stay-at-home mandate by various governments across the world led to the sudden ceasing of airline operations, resulting in debilitating losses for companies like Delta Air Lines, Inc. (NYSE: DAL), United Airlines, Inc. (NASDAQ: UAL) and JetBlue Airways (NASDAQ: JBLU). With the virus losing steam steadily, economies reopening and leisure and work-related travel gaining pace, optimism embraced these companies as they thought that the worst was finally over. However, the onset of 2022 brought a new set of challenges for them. Geopolitical tensions led to a massive rise in fuel prices.