Yahoo Finance's Julia La Roche sits down with executive chairman and former CEO of Starbucks Howard Schultz
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||72.55 - 74.92|
|52 Week Range||64.19 - 101.43|
|PE Ratio (TTM)||12.16|
|Dividend & Yield||1.20 (1.66%)|
|1y Target Est||N/A|
Back-to-back strikes of Harvey and Irma force airline stocks to lower third-quarter 2017 forecasts. Apart from calamities, high labor costs might also mar results in the quarter.
Looking ahead to 2018, Barclays’ Brandon Oglenski takes a look at airlines, writing that he’s slightly lowering his sales expectations for the group, but that if the conditions are right, it could be a profitable year. Oglenski writes that there are still plenty of variables, including capacity expansion from carriers like United (UAL) and Southwest (LUV), but he expects that for the former, market shares gains and hub connectivity will prove too difficult to resist, leading to another year of expansion above economic growth.
Since JetBlue Airways' (JBLU) traffic growth has been lagging behind its capacity growth, utilizations have fallen for the third straight month.