On the back of numerous positive earnings releases by large airline companies mid-July, Frank Holmes speaks with Benzinga on the recent performance of the commercial aviation sector. Frank says investor bearishness may have led to more conservative forecasts and in turn surprising earnings beats during the month. He also discusses the current level of manufacturing in the U.S., saying this can directly relate to the amount of business travel done by consumers.
Read “A Deeper Look into Airlines, And the Rise of the ‘Global Middle Class,’” on Benzinga.com.
Article summary written by U.S. Global Investors.