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Fewer people are flying as airfare soars. Here's why airlines aren't worried

Source: CNBC ·
Oil refinery towers and pipes with a city skyline in the distance
File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

Airlines are reporting fewer people flew in the third quarter as airfare surged on fuel costs, but executives say travelers are mostly swallowing higher fares.

Read the full story at CNBC

Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to CNBC.

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American Express is cutting 5% of its workforce to 'prepare for AI'

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

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10-year Treasury yield drops back to 5% this week as investors seek cover from AI worries

The 10-year Treasury yield stayed below 5% Friday after AI-driven tech selling sent investors into government bonds.

CNBC ·