Industrial companies that do business with one another, on the other hand, are seeing little evidence of a slowdown – yet.
Brooke SutherlandBloomberg Opinion Columnist
The ultra-low-cost airline couldn’t persuade enough shareholders to back a deal with its preferred but more stingy partner.
Whether it’s airlines, railroads or the manufacturing industry, demand isn’t yet a problem. Service is another issue.
The theory that spending plans in some sectors should be unaffected by short-term financial concerns is taking a hit.
The more than $50 billion in aid provided to the industry during the pandemic provides ample leverage to push for better conditions for travelers.
Some investors and analysts have posited that capital spending might prove more resilient in the face of a consumer downturn. The signals are mixed, though.
For a growing number of US manufacturing companies, where the home office is situated is increasingly irrelevant.
Spirit shareholders might still be wary, but JetBlue’s dogged pursuit of the budget carrier increases pressure on Frontier to pony up.