Tag Archives: Delta

(Reuters) -Delta Air Lines Inc anticipates that the deliveries of the Boeing 737 Max 10 aircraft to the airline could be delayed until as late as 2027, Bloomberg News reported on Sunday, citing an interview with the company CEO Ed Bastian. Boeing has faced increased scrutiny following a Jan. 5 incident in which a door plug blew off a 737 Max 9 plane mid-flight, sparking fresh concerns about the certification of the already delayed MAX 10 model. The 737-10, Boeing’s largest Max plane with a… Source link

Eleven spot bitcoin (BTC-USD) ETFs kicked off trading Thursday after securing approvals on Wednesday. Investors flocked to the new crypto offerings, driving $4.6 billion in volumes on opening day. Delta Air Lines (DAL) topped fourth-quarter earnings estimates but trimmed its 2024 profit guidance on the back of lingering cost pressures. Though Delta grew revenue 12% last quarter as travel rebounded, margins continue to suffer on high operating expenses. UnitedHealth Group (UNH) shares slipped… Source link

Delta trimmed its 2024 guidance on Friday, citing higher costs and supply chain issues. Despite the short-term challenges, Delta is still better positioned than some of its competitors, according to Third Bridge Global Sector Lead Peter McNally. McNally told Yahoo Finance Live that the airline has a number of advantages, including its maintenance program, which makes them “a bit more immune” to inflationary pressures and supply issues. “This won’t be a super great year in 2024, but it will… Source link

So far, travel this summer has been characterized by long lines at airports, a spate of flight delays and cancellations, and unprecedented amounts of lost luggage. All of which make for one of the most chaotic travel seasons in recent memory. It’s so bad that Delta Air Lines sent an empty plane to one of the world’s biggest hubs, London Heathrow, just to fly over 1,000 lost pieces of luggage back to the U.S. This Wednesday, Delta became the first airline to release quarterly earnings,… Source link

The U.S. economy expanded at its slowest clip in over a year in the third quarter, with a reopening surge in activity quickly beginning to fade. The Bureau of Economic Analysis released its first estimate of third-quarter gross domestic product (GPD) on Wednesday. Here were the main metrics economists from the print, based on consensus estimates compiled by Bloomberg: GDP quarter-over-quarter, annualized: 2.0% vs. 2.6% expected, 6.7% in Q2 Personal consumption: 1.6% vs. 0.9% expected, 12.0% in… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 1, 2021 Brace yourselves: Winter is coming With all that’s been going on in the market lately, it’s easy to forget there’s a debilitating virus still encircling the world — and it still poses serious risks. The biggest economic takeaway from the current COVID-19 landscape is that it’s playing a very acute role in the… Source link

For , it’s starting to feel more like March 2020 than September 2021. Cities across the country have tightened up on mask wearing, or are insisting on COVID-19 vaccination status as a way to instill confidence among customers and protect the community. However, in some regions, as the Delta variant casts a new cloud over the industry’s outlook. In a consumer survey recently conducted by the National Restaurant Association, 19% of respondents said they’ve stopped going out to eat in… Source link

The unpredictable Delta variant appears to be wreaking havoc on the financial modeling skills of the team covering Apple (AAPL) at Goldman Sachs.  “We believe growth in iPhone revenue in calendar fourth quarter will be challenging for Apple but we continue to flag a low level of confidence in our ability to predict demand given the complex interplay of issues like the Delta variant, supply shortages, the end of stimulus and high consumer savings,” conceded Goldman Sachs analyst Rod Hall in a… Source link

Stocks weakened on Wednesday in directionless trade, poised to extend the previous day’s declines as rising COVID-19 infections momentarily upending expectations about growth. In Tuesday’s regular session, the Dow Jones Industrial Average and S&P 500 Index lost ground, but the technology-laced Nasdaq bucked the trend by posting a marginal gain. The market has mostly taken disappointing news in stride, but August’s jobs data falling far short of market expectations last week tempered hopes for… Source link

Restaurants walloped by COVID-19 have suffered a silent epidemic of financial woes among an unlikely segment: Franchise eateries. The pandemic’s impact on the food industry has been well chronicled, with many having to shutter, drastically cut staffing and hours, or resort to other desperate measures just to stay afloat. However, some experts say franchises — third party operators licensed by larger brands — are just as vulnerable to closure and operational struggles, like food and… Source link