Tag: Business news

  • Delta 2023 earnings forecast sees ‘robust’ travel demand

    delta airlines He says the travel boom isn’t over. The airline expects adjusted earnings to nearly double next year to $6 a share, above analyst estimates. Revenue in 2023 is projected to increase 15% to 20% from this year to approximately $45.5 billion. Free cash flow is likely to grow from over $2 billion next…

  • U.S. to require passengers to test negative for Covid

    Amid growing concerns that the widespread spread of the virus in the world’s most populous country could lead to new variants, the Biden administration has decided to prevent airline passengers traveling from China from entering the United States from Covid. I request that the test be negative. All airline passengers over the age of two…

  • Southwest cancels more flights as rival carriers cap fares for stranded flyers

    Travelers at Baltimore Washington International Airport are dealing with the impact of Southwest Airlines canceling more than 12,000 flights over the Christmas holiday weekend in Baltimore, Maryland, December 27, 2022. Michael McCoy | Reuters Southwest Airlines cut another 2,500 flights on Wednesday as frustrated customers scramble to find seats on other airlines. The Dallas-based airline’s…

  • U.S. weighs new measures for travelers from China

    For more than two years, Covid restrictions have required international travelers to quarantine upon arrival in China. Passengers waiting to move. Leo Ramirez | Afp | Getty Images The U.S. government is considering imposing new Covid rules on travelers from China, officials said, citing concerns over virus-related data released by the Chinese government. “There is…

  • Stock futures climb fractionally as investors look to new year

    Stock futures rose slightly Wednesday morning as traders look to the end of a losing year and prepare for 2023. Futures tracking the Dow Jones Industrial Average rose 48 points and traded broadly flat. S&P 500 and Nasdaq 100 futures were up 0.12% and 0.11% respectively. Tuesday kicked off the trading week with a shortened…

  • Southwest, Peloton, Tesla, Herbalife and more

    A Southwest Airlines aircraft is seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) in Baltimore, Maryland on December 22, 2021. Alex Wong | Getty Images Check out the companies in the spotlight on the midday deal. southwest — Shares fell 6% after the company canceled 70% of its scheduled flights and warned of major disruptions…

  • Why 2023 could be another difficult year for the auto industry

    The for sale sign can be seen at Serramonte Subaru, an auto dealership in Colma, California. Stephen Lam | Reuters High interest rates, supply chain issues and recession fears were among the major challenges for the global automotive industry in 2022. These issues are not expected to be resolved quickly next year, or not at…

  • Stock futures rise heading into the final trading week of 2022

    Traders are at work on the floor of the New York Stock Exchange (NYSE) on November 29, 2022. Brendan McDiarmid | Reuters U.S. stock futures rose Tuesday morning as investors headed into the final trading day of 2022 and a Santa Claus rally appeared to weigh whether to lift a market weighed down by recession…

  • Here are the countries Chinese tourists want to visit the most

    Travelers check in at Shanghai’s Hongqiao International Airport on December 12, 2022 after China eases domestic travel restrictions. Shen Qilai | Bloomberg | Bloomberg | Getty Images BEIJING—With China reopening its borders, locals are rushing to plan overseas trips for the Lunar New Year in late January, according to Trip.com Group. Within 30 minutes of…

  • Just like new: Demand for pre-owned cars matches first-hand auto sales

    Young Indians are driving record sales in the automotive industry, not only in the new car segment, but also in the used car segment. The demand for new-age features, even in used cars, is a phenomenon that has become more pronounced after the COVID-19 pandemic. India’s largest automaker Maruti Suzuki and India’s second largest Hyundai…