American Airlines Raises Profit Forecast
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Bristol Myers Squibb beats on revenue, launches $1.5 billion cost cuts as it posts quarterly loss
Bristol Myers Squibb said the charges primarily reflect its acquisition of Karuna Therapeutics and collaboration agreement with SystImmune.CNBC - Business -
American Airlines swings to a loss, but tops estimates for Q2 forecast
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates.CNBC - Business - Travel -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - World -
Sanofi Sales, Profit Beat Forecasts
Sanofi backed its full-year earnings guidance after it reported first-quarter profit ahead of consensus, with sales growth driven by continued strength in anti-inflammatory drug Dupixent and its new drug launches.The Wall Street Journal - Business -
American Airlines Gives Upbeat Guidance
The carrier’s shares climbed more than 4% premarket as it swung to a loss in the first three months of the year but provided a positive second-quarter forecast. The airline reduced its total debt by nearly $950 million.The Wall Street Journal - World - Travel -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Exxon Mobil’s stock falls after profit and production drop below forecasts
Shares of Exxon Mobil Corp. dropped more than 3% Friday after the oil and gas giant reported first-quarter profit and production that fell below forecasts, even as revenue beat expectations by a wide margin.MarketWatch - Business -
Airbus posts drop in earnings raising fears it may struggle to profit on Boeing’s woes
Airbus posted a 25% drop in earnings as higher costs eroded its margins, even as its sales increasedMarketWatch - Business -
Southwest will limit hiring and drop 4 airports after loss. American Airlines posts 1Q loss as well
American and Southwest airlines both say they lost money in the first quarter, and they're responding by trying to cut costsABC News - Top stories - Travel -
American Airlines cuts some international flights into 2025, citing Boeing delivery delays
American is the latest carrier to tweak its growth plan, citing late-arriving planes from Boeing.CNBC - Business - Travel -
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There's a new No. 1 U.S. airline—it's not Delta
WalletHub compared the nine largest U.S. airlines, plus one regional carrier, across three major categories.CNBC - Business -
Forecasters predict record number of hurricanes
Weather forecasters at the University of Pennsylvania predicted a record hurricane season for 2024 on Thursday, a “hyperactive” season that could threaten the Gulf Coast. The Penn forecast predicts between 27 and 39 named tropical storms, with the ...The Hill - Politics -
UK imposes sustainable fuel targets on airlines
Move is expected to push up prices as aircraft switch to 10% blend of greener fuels by 2030Financial Times - World - United Kingdom -
The ex-flight attendant who now leads the airline
Mitsuko Tottori was named as the first female boss of Japan Airlines earlier this year.BBC News - Top stories -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - World -
Unilever Backs Guidance as Sales Beat Forecasts
Unilever said it continued to expect sales to grow 3% to 5% this year, with a modest improvement in operating margin, as volumes and price dynamics normalize.The Wall Street Journal - Business -
Safran Backs Outlook as Revenue Beats Forecasts
Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continued.The Wall Street Journal - World -
Safran Backs Outlook as Revenue Beats Forecasts
Safran confirmed its full-year guidance after it posted first-quarter revenue above expectations, as the postpandemic recovery in air traffic continued.The Wall Street Journal - Business -
Watch reaction when minister asks if Congo is a different country to Rwanda
The Question Time audience were surprised when Chris Philp answered an audience member's question about DR Congo.BBC News - Top stories -
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
The tire maker vowed to ensure that none of its workers would struggle to make ends meet.The New York Times - Business -
Banned football fan raises £15,000 to sue
Linzi Smith's lawyer says the club's actions are a "huge overreach" in to her personal life.BBC News - Top stories -
What Is a ‘Decent Wage’? France’s Michelin Raises a Debate.
The tire maker vowed to ensure that none of its workers would struggle to make ends meet.The New York Times - Top stories -
Centene’s earnings crush estimates and company raises guidance
Centene Corp.’s stock rose 3.4% early Friday, after the managed healthcare provider blew past earnings estimates for the first quarter and raised its full-year guidance.MarketWatch - Business -
Trump's potential plan for Fed raises alarms
Former President Trump's potential plan to exert more influence over the Federal Reserve is alarming experts and investors. The Wall Street Journal reported Thursday that a group of Trump allies is crafting ways to chip away at the independence of ...The Hill - Politics - Donald Trump -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
The colonialist overtones of EU’s green trade crusade
Many middle-income countries show reserves of pragmatic tolerance that Europeans do not necessarily deserveFinancial Times - Business -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
Biden Administration Requires Airlines to Give Automatic Refunds for Canceled Flights
The Biden administration will require airlines to automatically provide cash refunds when flights are canceled and to disclose fees like checked bag costs earlier in the booking process under two new rules.The Wall Street Journal - World - Joe Biden -
What airline passengers should know about their rights to get refunds
New Transportation Department rules could save consumers $500 million annually, Transportation Secretary Pete Buttigieg said.CBS News - Top stories -
Secretary Buttigieg unpacks new rules on airline fees and refunds
The Transportation Department announced new rules Wednesday requiring airlines to issue automatic cash refunds for flight cancelations or delays, delayed baggage returns and services like Wi-Fi or seat selection that are paid for but not provided. ...CBS News - Top stories -
Southwest Airlines considers ending open seating as loss widens, revenue falls short
Southwest Airlines Co.’s stock tumbled 9% Thursday after the airline posted a wider-than-expected first-quarter loss and revenue that lagged estimates.MarketWatch - Business - Travel -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest stands apart from other large airlines because it does not have seat assignments.CNBC - Business -
Open seating no more? Southwest CEO says airline is weighing cabin changes
Southwest Airlines is considering changes to its single-class, open-seating cabins to drive up revenue, CEO Bob Jordan told CNBC on Thursday, a shift that could be among the largest in the airline’s history.NBC News - Top stories -
Southwest Airlines is ending flights to four airports — and that’s not even the big news for travelers
Sit down for this one, Southwest Airlines travelers: The airline carrier with a distinct seating policy has suggested it’s rethinking its approach.MarketWatch - Business -
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How to Snag a First-Class Seat With Credit Card and Airline Points
Some frequent fliers insist you should only use your precious credit card points on first-class flights. New award-flight search companies help you figure out how.The Wall Street Journal - World