Durable Goods Orders Rise on Plane Demand
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Orders for U.S. durable goods -- items meant to last at least three years -- posted a larger-than-expected rise in July, boosted by an increase in demand for passenger aircraft, a Commerce Department report on Wednesday showed.
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Orders to US factories were far stronger in October than analysts expected, but almost all of the gain came from greater demand for military aircraft.
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Aeropostale flies higher and delivers the goods.
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New orders for US-made durable goods increased 0.2pc in September, held back by a big drop in orders for transportation goods, the US Commerce Department said today.
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Two of the largest U.S. airlines raised fares on Friday, aiming to take advantage of strong travel demand to boost profitability and offset the price of jet fuel, which despite recent declines, remains historically high.
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Airfares have risen nearly 6 percent this holiday season as carriers take advantage of strong demand to recoup some of their higher fuel costs.
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Orders for US durable goods -- items meant to last at least three years -- posted a larger-than-expected rise in July, boosted by an increase in demand for passenger
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New orders at U.S. factories rose 2.4 percent in December, higher than forecast, while inventories edged up, a government report showed on Friday.
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Planemaker Airbus said on Wednesday it expected demand for 16,600 passenger planes over the next 20 years, including a sharp rise
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New orders for long-lasting U.S.-made manufactured goods surged a much bigger-than-expected 5.9 percent in July, the biggest gain since September, and a business investment gauge posted the first gain in three months, a Commerce Department report showed on Friday.
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Orders for long-lasting US durable goods slipped unexpectedly in August as civilian aircraft demand plunged, but beat forecasts once transportation was stripped out, government data showed on Friday.
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New orders for long-lasting U.S.-made manufactured goods rose by a much bigger-than-expected 5.2 percent  and a key gauge of business spending also surged, the government reported.
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Orders to US factories for big-ticket durable goods, propelled by a jump in demand for communications equipment, edged up 0.2 percent in September.
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Booming orders for new military  aircraft boosted overall orders to U.S. factories by 0.5  percent to a seasonally adjusted $371.51 billion in October,  the government reported on Thursday, though demand was flat  when defense was excluded.
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Complaints by US airline passengers about lost and mishandled luggage jumped 39 percent last year, fueled in large part by an increase in checked bags following last summer's ban on carry-on liquids.
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As if on cue, airlines are responding to oil's latest surge by pushing ticket prices even higher
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U.S. orders for long-lasting durable  goods rose by a smaller-than-expected 0.2 percent in September,  held back by another sharp fall in commercial aircraft,  government data showed on Wednesday.