Are Transportation Stocks Becoming More Shareholder Friendly?
Air Lease (AL) Zacks Investment Research·2024-01-31 23:41
Fuel expenses represent a key input cost for any transportation company. Oil price has increased roughly 8.3% in a month and is currently trading at around $78 a barrel. This surge in a key input cost naturally hurts the bottom-line growth of transportation companies. Oil prices have been on the rise since Russia and Saudi Arabia extended voluntary supply cuts through the end of the current year.Apart from oil expenses, expenses are high on the labor front as well, courtesy of the multiple pay-related deals ...