One of the airlines’ top expenses is fuel, making the sector sensitive to swings in energy. When oil prices fall, airlines benefit. Airlines are paying down their debt while free cash flow is rising. Total debt as a percentage of operating revenues continues to fall since 2010.
by Frank Holmes
Why Airlines Have Been Soaring To Record Profits
The Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More