U.S. Global Investors (NASDAQ:GROW) earlier this week highlighted resilient travel demand, the return of corporate passengers and airline pricing power as factors supporting the outlook for the travel industry and airline stocks.
Several major companies will be sponsoring an IndyCar race for the first time when the Freedom 250 Grand Prix, touted by President Donald Trump, takes place around Washington, D.C., on Sunday.
Companies are weighing what to do with airlines' new, restrictive business- and premium-economy tickets. Many companies blocked their corporate travelers from booking restrictive basic economy tickets about a decade ago so employees wouldn't get stuck without the ability to change their flights.
Airlines expect airfare to stay high this year, even if fuel prices drop. Airfare is up more than 26% in June compared with a year earlier, but executives said customers are still buying tickets.
Boeing narrowly beat Airbus in the order tally at the Farnborough Airshow. It's a key signal that Boeing's new CEO, Kelly Ortberg, is turning the American planemaker around.