Business
Add as a preferred source on GoogleSome carriers face losses or lower free cash flow despite strong travel demand. Pricing power and capacity discipline may help absorb higher expenses.
Strong travel demand has not kept U.S. airlines from margin pressure as fuel bills climb; some carriers face losses or lower free cash flow, with fuel spending growing more quickly than revenue.
Carriers may be better able to manage higher fuel bills if they can charge more, earn revenue from premium seats and loyalty programs, limit capacity growth and maintain strong balance sheets.
Third-quarter revenue rose 19.3% to $16.3 billion, while fuel expense increased $1.9 billion from a year earlier.
CACI also reported $4.8 billion in awards, a figure that excludes ceiling values for certain multi-award contracts.
The proposed merger would bring electric and natural gas operations together across eight states, with about 2.1 million customers.
