85 a barrel. While a sharp drop in oil prices might be worrying, it is extremely welcome to the airline industry. Lower fuel prices give airline companies a break in major costs. Source: Brent crude oil data via Nasdaq. If we compare the price of Proshares
(Reuters) - U.S. airlines are expected to report healthy third-quarter profits as jet fuel costs keep declining, even though their stocks have plunged on concerns that Ebola will discourage travel, analysts said.
BRASILIA, Oct 15 (Reuters) - Lower global oil prices will not necessarily keep Brazil's state-run oil producer Petrobras from increasing domestic fuel prices this year, Finance Minister Guido Mantega...
(Recasts with government decision to maintain fuel price hike)
BRASILIA, Oct 14 (Reuters) - The Brazilian government will maintain plans to raise domestic fuel prices even when international crude oil prices fall sharply, a government source told Reuters on...
(Adds gasoline price predictions, and more details on authorship of report)
WASHINGTON, Oct 14 (Reuters) - Ending a 40-year old ban on U.S. crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets, where fuel prices are primarily set, a study by The Aspen Institute said on Tuesday.
Since fuel prices are dropping, the airlines are looking more attractive to me as a sector. Delta is one that may be a better investment than most
on a well-timed Icahn’s Apple-ad ]. Even the sectors expected to do well have rolled over – transportation [low fuel costs countered by Ebola concerns], defense [not helped by the geopolitical concerns]. Yamada suggests caution and not buying the dips
passenger miles fell 0.2% in September on tighter capacity. The company's load factor improved 20 bps to 82.9%. Q3 fuel costs are estimated at $3.01 per gallon. Q3 PRASM rose 3.5%-4.0%, according to a fresh 8-K from UAL. UAL +4.7