Stocks did go up today, which is good. But I disagree that the economy is doing well. Inflation is out of control, gas prices are skyrocketing, yet I'm earning less than I was before Covid - and yet my company has me doing the work of two people. So yeah, lots of people have jobs, but not great jobs. And those jobs can't cover basic costs.
I do get that. But don't airlines lock in fuel prices way in advance, specifically so they can manage that cost and elimnate such surprises? Besides, as Susan Miller pointed out, their skyrocketing ticket prices seem to account for far more than infaltion, which has gone up. But not by the THAT much. Ticket prices have doubled from what I was looking at less than 6 months ago.
That is very good for the stock. But not good for Americans.
With the way airlines have been jacking up prices, I'm not surprised that $LUV is now raking in the cash! Unfortunately, it meant that for every day Americans like me, I had to completely cancel my family's summer vacation plans.
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Stocks did go up today, which is good. But I disagree that the economy is doing well. Inflation is out of control, gas prices are skyrocketing, yet I'm earning less than I was before Covid - and yet my company has me doing the work of two people. So yeah, lots of people have jobs, but not great jobs. And those jobs can't cover basic costs.
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I do get that. But don't airlines lock in fuel prices way in advance, specifically so they can manage that cost and elimnate such surprises? Besides, as Susan Miller pointed out, their skyrocketing ticket prices seem to account for far more than infaltion, which has gone up. But not by the THAT much. Ticket prices have doubled from what I was looking at less than 6 months ago.
That is very good for the stock. But not good for Americans.
Southwest Airlines Is Primed For Growth
With the way airlines have been jacking up prices, I'm not surprised that $LUV is now raking in the cash! Unfortunately, it meant that for every day Americans like me, I had to completely cancel my family's summer vacation plans.