{"id":196467,"date":"2023-09-20T10:15:00","date_gmt":"2023-09-20T14:15:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=196467"},"modified":"2023-09-20T12:19:56","modified_gmt":"2023-09-20T16:19:56","slug":"the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/","title":{"rendered":"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge"},"content":{"rendered":"\n

Highly dependent on oil prices, the bottom line of airline companies fumbles. <\/strong><\/p>\n\n\n\n

At $95 per barrel, Brent crude oil is at an all-time high this year. And just as it accelerated the inflation rate, rising oil prices thwarted recovery plans for airline companies. According to the Bureau of Transportation Statistics (BTS) fuel costs account for 15 \u2013 20% of airline expenses.<\/p>\n\n\n\n

As of March 2023, BTS noted a 71.7%<\/a> rise in the cost per gallon of fuel since January 2019. Moreover, because the oil price is so variable, it makes airline stocks volatile and risky investments. <\/p>\n\n\n\n

Since topping in July at $250, the S&P Supercomposite Airlines Industry Index dropped by nearly 24%. The index tracks the performance of the ten largest publicly traded US airlines, from United Airlines and JetBlue to Southwest and Delta Air. <\/p>\n\n\n\n

\"The<\/figure>\n\n\n\n

The inverse relationship between airline stocks (SP500.203020) and oil prices (BZ). Image courtesy of Yahoo Finance.<\/em><\/p>\n\n\n\n

Airline Profits Revised<\/h2>\n\n\n\n

Moving into 2024, earnings expectations have now fallen by 10%, according to Bloomberg Intelligence. By the end of 2023, estimates place average airline profits to drop by 8%. This is a complete reversal of prior expectations.<\/p>\n\n\n\n

The Federal Aviation Administration (FAA) noted the highest post-lockdown daily air traffic in May. Combined with an average fuel cost per gallon lowering by 4% in Q2 compared to Q1, this increased optimism until July\u2019s top. <\/p>\n\n\n\n

American Airlines lowered its adjusted earnings per share (EPS) by 23 cents, now falling between 20 \u2013 30 cent range. Per SEC filing<\/a>, the company sharply revised its previous optimism of above 95 cents a share.<\/p>\n\n\n\n

\u201cFuel prices have increased considerably since the Company\u2019s initial Q3 guidance. The Company now expects to pay an average of between $2.90 and $3.0 per gallon of jet fuel in Q3.\u201d<\/p>\n\n\n\n

Similarly, Spirit Airlines lowered its Q3 revenue forecast last Wednesday, having raised fuel cost estimates from $2.80 to $3.06 per gallon. However, known as a discount airline, Spirit noted \u201cheightened promotional activity with steep discounting for travel booked\u201d as the compounding factor.<\/p>\n\n\n\n

Over the last three months, American Airlines (AAL) plunged by nearly 18%, while Spirit Airlines (SAVE) took a modest hit of 8%. United Airlines is down 15% in the same period.<\/p>\n\n\n\n

Labor Shortage as Another Headwind<\/h2>\n\n\n\n

In addition to rising fuel costs, airlines must deal with labor shortages. The International Civil Aviation Organization (ICAO) estimated that the aviation industry will need over 350,000 pilots and 480,000 new maintenance technicians by 2026. <\/p>\n\n\n\n

Both lockdowns and mandates resulted in the displacement of 2.3 million jobs since 2019, according to Oxford Economics<\/a>. In the fallout, this great disruption elevated job demand, increasing labor costs.<\/p>\n\n\n\n

This means that labor un<\/a>ions<\/a> have the upper hand. American Airlines had to approve a new contract with the Allied Pilots Association in August, retroactively paying $230 million in wages for the first four months of 2023. The contract also raised wages by 21%, increasing pilot compensation by 46% over the next four years.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted September 19, 2023 – The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge<\/a><\/p>\n\n\n\n

Disclosure:<\/strong> Tim Fries has no positions in any of the stocks mentioned, and has no plans to initiate any positions within the 72 hours following the publishing of this article. This article expresses the opinions of Tim Fries. Tokenist Media LLC has no position in any of the stocks mentioned, and does not plan to initiate any positions within 72 hours of the publishing of this article. Please consult our website policy for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"

Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0<\/p>\n","protected":false},"author":501,"featured_media":196469,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6,8,9,22,26,3],"tags":[7510,2778,44],"contributors-categories":[13710],"class_list":{"0":"post-196467","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-north-america","8":"category-region","9":"category-securities","10":"category-stocks","11":"category-text-articles","12":"category-traders-insight","13":"tag-airline-stocks","14":"tag-airlines","15":"tag-stocks","16":"contributors-categories-the-tokenist"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\nThe Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge<\/title>\n<meta name=\"description\" content=\"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196467\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T14:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T16:19:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1438\" \/>\n\t<meta property=\"og:image:height\" content=\"599\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tim Fries\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tim Fries\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\n\t \"@context\": \"https:\\\/\\\/schema.org\",\n\t \"@graph\": [\n\t {\n\t \"@type\": \"NewsArticle\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#article\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/\"\n\t },\n\t \"author\": {\n\t \"name\": \"Tim Fries\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/8aec5ebeb263dcb77586039ad857f7ae\"\n\t },\n\t \"headline\": \"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge\",\n\t \"datePublished\": \"2023-09-20T14:15:00+00:00\",\n\t \"dateModified\": \"2023-09-20T16:19:56+00:00\",\n\t \"mainEntityOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/\"\n\t },\n\t \"wordCount\": 578,\n\t \"commentCount\": 0,\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/Screenshot-2023-09-19-184251.jpg\",\n\t \"keywords\": [\n\t \"airline stocks\",\n\t \"airlines\",\n\t \"stocks\"\n\t ],\n\t \"articleSection\": [\n\t \"North America\",\n\t \"Region\",\n\t \"Securities\",\n\t \"Stocks\",\n\t \"Text Articles\",\n\t \"Traders' Insight\"\n\t ],\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"CommentAction\",\n\t \"name\": \"Comment\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#respond\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"WebPage\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/\",\n\t \"name\": \"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge | IBKR Campus US\",\n\t \"isPartOf\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\"\n\t },\n\t \"primaryImageOfPage\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#primaryimage\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#primaryimage\"\n\t },\n\t \"thumbnailUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/Screenshot-2023-09-19-184251.jpg\",\n\t \"datePublished\": \"2023-09-20T14:15:00+00:00\",\n\t \"dateModified\": \"2023-09-20T16:19:56+00:00\",\n\t \"description\": \"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0\",\n\t \"inLanguage\": \"en-US\",\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"ReadAction\",\n\t \"target\": [\n\t \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/\"\n\t ]\n\t }\n\t ]\n\t },\n\t {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/traders-insight\\\/securities\\\/stocks\\\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\\\/#primaryimage\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/Screenshot-2023-09-19-184251.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/09\\\/Screenshot-2023-09-19-184251.jpg\",\n\t \"width\": 1438,\n\t \"height\": 599,\n\t \"caption\": \"The inverse relationship between airline stocks (SP500.203020) and oil prices (BZ).\"\n\t },\n\t {\n\t \"@type\": \"WebSite\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#website\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"name\": \"IBKR Campus US\",\n\t \"description\": \"Financial Education from Interactive Brokers\",\n\t \"publisher\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\"\n\t },\n\t \"potentialAction\": [\n\t {\n\t \"@type\": \"SearchAction\",\n\t \"target\": {\n\t \"@type\": \"EntryPoint\",\n\t \"urlTemplate\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/?s={search_term_string}\"\n\t },\n\t \"query-input\": {\n\t \"@type\": \"PropertyValueSpecification\",\n\t \"valueRequired\": true,\n\t \"valueName\": \"search_term_string\"\n\t }\n\t }\n\t ],\n\t \"inLanguage\": \"en-US\"\n\t },\n\t {\n\t \"@type\": \"Organization\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#organization\",\n\t \"name\": \"Interactive Brokers\",\n\t \"alternateName\": \"IBKR\",\n\t \"url\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/\",\n\t \"logo\": {\n\t \"@type\": \"ImageObject\",\n\t \"inLanguage\": \"en-US\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"contentUrl\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2024\\\/05\\\/ibkr-campus-logo.jpg\",\n\t \"width\": 669,\n\t \"height\": 669,\n\t \"caption\": \"Interactive Brokers\"\n\t },\n\t \"image\": {\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/logo\\\/image\\\/\"\n\t },\n\t \"publishingPrinciples\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/about-ibkr-campus\\\/\",\n\t \"ethicsPolicy\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/cyber-security-notice\\\/\"\n\t },\n\t {\n\t \"@type\": \"Person\",\n\t \"@id\": \"https:\\\/\\\/ibkrcampus.com\\\/campus\\\/#\\\/schema\\\/person\\\/8aec5ebeb263dcb77586039ad857f7ae\",\n\t \"name\": \"Tim Fries\",\n\t \"description\": \"Tim Fries is a managing director at Lakeview Capital, adviser to the founders and head of U.S. business development. He has a B.Sc. in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business. Tim is also the co-founder of Protective Technologies Capital (protechcap.com) and Lakeview Capital, as well as the co-founder of the financial education site The Tokenist. Prior to founding Protective Technologies, Tim was a member of Baird Capital's global Industrial Solutions private equity team. He writes on topics related to wealth management, private capital market investing and trends in the convergence of finance and technology (i.e. FinTech).\",\n\t \"url\": \"https:\\\/\\\/www.interactivebrokers.com\\\/campus\\\/author\\\/tim-fries\\\/\"\n\t }\n\t ]\n\t}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge","description":"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/196467\/","og_locale":"en_US","og_type":"article","og_title":"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge | IBKR Campus US","og_description":"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0","og_url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/","og_site_name":"IBKR Campus US","article_published_time":"2023-09-20T14:15:00+00:00","article_modified_time":"2023-09-20T16:19:56+00:00","og_image":[{"width":1438,"height":599,"url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","type":"image\/jpeg"}],"author":"Tim Fries","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tim Fries","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#article","isPartOf":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/"},"author":{"name":"Tim Fries","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/8aec5ebeb263dcb77586039ad857f7ae"},"headline":"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge","datePublished":"2023-09-20T14:15:00+00:00","dateModified":"2023-09-20T16:19:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/"},"wordCount":578,"commentCount":0,"publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","keywords":["airline stocks","airlines","stocks"],"articleSection":["North America","Region","Securities","Stocks","Text Articles","Traders' Insight"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/","url":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/","name":"The Ten Largest US Airline Stocks are Down 24% Since July as Costs Surge | IBKR Campus US","isPartOf":{"@id":"https:\/\/ibkrcampus.com\/campus\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#primaryimage"},"image":{"@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#primaryimage"},"thumbnailUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","datePublished":"2023-09-20T14:15:00+00:00","dateModified":"2023-09-20T16:19:56+00:00","description":"Highly dependent on oil prices, the bottom line of airline companies fumbles.\u00a0","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/stocks\/the-ten-largest-us-airline-stocks-are-down-24-since-july-as-costs-surge\/#primaryimage","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","width":1438,"height":599,"caption":"The inverse relationship between airline stocks (SP500.203020) and oil prices (BZ)."},{"@type":"WebSite","@id":"https:\/\/ibkrcampus.com\/campus\/#website","url":"https:\/\/ibkrcampus.com\/campus\/","name":"IBKR Campus US","description":"Financial Education from Interactive Brokers","publisher":{"@id":"https:\/\/ibkrcampus.com\/campus\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ibkrcampus.com\/campus\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ibkrcampus.com\/campus\/#organization","name":"Interactive Brokers","alternateName":"IBKR","url":"https:\/\/ibkrcampus.com\/campus\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/","url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","contentUrl":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2024\/05\/ibkr-campus-logo.jpg","width":669,"height":669,"caption":"Interactive Brokers"},"image":{"@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/logo\/image\/"},"publishingPrinciples":"https:\/\/www.interactivebrokers.com\/campus\/about-ibkr-campus\/","ethicsPolicy":"https:\/\/www.interactivebrokers.com\/campus\/cyber-security-notice\/"},{"@type":"Person","@id":"https:\/\/ibkrcampus.com\/campus\/#\/schema\/person\/8aec5ebeb263dcb77586039ad857f7ae","name":"Tim Fries","description":"Tim Fries is a managing director at Lakeview Capital, adviser to the founders and head of U.S. business development. He has a B.Sc. in Mechanical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business. Tim is also the co-founder of Protective Technologies Capital (protechcap.com) and Lakeview Capital, as well as the co-founder of the financial education site The Tokenist. Prior to founding Protective Technologies, Tim was a member of Baird Capital's global Industrial Solutions private equity team. He writes on topics related to wealth management, private capital market investing and trends in the convergence of finance and technology (i.e. FinTech).","url":"https:\/\/www.interactivebrokers.com\/campus\/author\/tim-fries\/"}]}},"jetpack_featured_media_url":"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/09\/Screenshot-2023-09-19-184251.jpg","_links":{"self":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/users\/501"}],"replies":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/comments?post=196467"}],"version-history":[{"count":0,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/posts\/196467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media\/196469"}],"wp:attachment":[{"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/media?parent=196467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/categories?post=196467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/tags?post=196467"},{"taxonomy":"contributors-categories","embeddable":true,"href":"https:\/\/ibkrcampus.com\/campus\/wp-json\/wp\/v2\/contributors-categories?post=196467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}