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
Michele Ragazzi's Giano Capital returned 1.9% for March, taking the fund's year-to-date performance to 1.7%. Since its inception, Ragazzi's flagship fund has produced a compound annual return of 7.8%. According to a copy of the €10 million fund's March update, a copy of which ValueWalk has been able to review, Giano's most significant investment at Read More