Airlines are expected to bring in $996 billion in revenue in 2024, according to the International Air Transport Association. However, profit margins remain thin, as year-end profits are expected to be $30 billion. Yahoo Finance's Seana Smith and Brad Smith break down the latest report and what it signals for the airline industry. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
Golar LNG's (GLNG) first-quarter 2024 earnings and revenues decrease year over year.
American Airlines (AAL) expects adjusted earnings per share for the second quarter of 2024 in the $1- $1.15 band. Allegiant's (ALGT) scheduled traffic for April falls 13% year over year.