Analysts predict that Air Canada and WestJet will experience higher profits in 2024 due to strong travel demand, despite a potentially slower global economy. Both airlines have seen increased passenger counts during the recent holiday travel season. However, factors such as a weaker global economy, war in the Middle East, and volatile fuel and labour costs could pose challenges to their post-pandemic recoveries.
Additionally, they face competition from low-cost Canadian carriers like Lynx Air and Flair Airlines
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 Calls for 2024 Reflect Limited Increase for StocksMany strategists' S&P 500 calls for 2024 already reflect a limited increase for stocks next year. The median target among the 20 Wall Street strategists tracked by Bloomberg shows the benchmark index finishing 2024 at 4,850, less than 2% higher than where the benchmark closed 2023. Strategists at Goldman Sachs already boosted their 2024 target to reflect the recent run-up in stocks and the shift to a more dovish Fed., with year-end targets of 5,200 for the S&P 500, reflecting about 9% upside from the 2023 close. Meanwhile, the lowest call on the Street for 2024 isthat the S&P will sink to 4,200, which would mark a 12% decline for the benchmark index in 2024.Those that either see the economy not entering a recession at all, or believe that outcome has been talked about so much it won't entail much impact for stocks, predict the S&P 500 hits at least 5,000 in 2024. That camp includes firms like Oppenheimer, Fundstrat, Goldman Sachs, Deutsche Bank, and Bank of America. and causes mass hysteria over it
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Surprise Hits: Mortgage-Related Investments in 2024Despite the challenging economic conditions, there are predictions that mortgage-related investments could perform well in 2024. This article discusses the potential success of mortgage originator stocks and the confidence in the mortgage market shown by alternative lender Equitable Bank.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »