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25.08.26 - 20:30
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United Airlines CEO on Expansion Plans, Airfares, Demand (Bloomberg)
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United Airlines Chief Executive Officer Scott Kirby discusses the largest international expansion in the company's history, the strength he sees in both customer demand and the US economy, and plans to offset increased oil prices. The carrier will now fly to 10 more destinations in Europe and Asia. Kirby speaks to Bloomberg's Lisa Abramowicz from United's hub at Newark Liberty International Airport in New Jersey. (Source: Bloomberg)...
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25.08.26 - 02:00
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Jet-Fuel Price Shock Hits Airlines As Raymond James Cuts Estimate Across Coverage, Warns Of JetBlue Bankruptcy Risk (ZeroHedge)
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Jet-Fuel Price Shock Hits Airlines As Raymond James Cuts Estimate Across Coverage, Warns Of JetBlue Bankruptcy Risk
As we've told readers, and as former Goldman commodities guru Jeff Currie explained last week, the energy crisis is not necessarily in Brent or WTI supplies, but in refined-product markets, given the diesel crack spread's jump above $100 a barrel last week. Early Monday, the spread was trading around $94.
The secondary effects of a global refined-products crisis are beginning to hit airline earnings, according to Raymond James analyst Savanthi Syth, who wrote in a note Monday morning that she is cutting estimates across her airline coverage universe as jet-fuel prices surge.
US Gulf Coast jet fuel prices have soared 39% quarter-to-date through Aug. 19, outpacing gains of 26% in Brent and 21% in WTI. The divergence reflects yet another rising cost for airlines already confronting higher labor costs, aircraft shortages, and operational disruptions.
"We are lowering estimates...
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24.08.26 - 16:45
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Klaus-Michael Kühne, Fels in Unternehmens-Landschaft (Inside Paradeplatz)
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Aufstieg von Kühne+Nagel und vieles weitere entsprang Energie eines sehr fleissigen Mannes aus deutscher Nachkriegs-Geschichte.
Klaus-Michael Kühne ist tot. Er lebte in der Schweiz in einem für seinen Reichtum bescheidenen Haus in Schindellegi/SZ. In der Schweiz wurde der gross gewachsene, nordisch aussehende Deutsche nie heimisch..
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