The Fort Worth-based service on Thursday posted internet earnings of $414 million for the final three months of 2019, up greater than 27% from a yr earlier. Revenues rose 3.4% to $11.31 billion, simply above Wall Street expectations. American reported earnings per share of $1.15 on an adjusted foundation, a penny larger than analysts’ […]
Tag: Transportation
Uber sold its food delivery business in India to local rival Zomato
The sale offers Uber a 9.99% stake within the Indian restaurant aggregator and meals supply start-up. Zomato is backed by Alibaba affiliate Ant Financial, which just lately agreed to speculate as much as $150 million at a pre-money valuation of $three billion, in accordance with official filings from Zomato-shareholder Info Edge. Based on that […]
Boeing expected to take another big, ugly charge on 737 Max crisis
A 12 months in the past, Boeing posted file revenues topping $100 billion with hopes of delivering a chart-topping variety of airplanes in 2019, together with a whole bunch of 737 Max jetliners. The information is not going to be so rosy on its fourth-quarter earnings name this 12 months. Those bestselling planes had been […]
Delta (DAL) earnings Q4 2019
A Delta Air Lines Boeing 767-300 landing in Amsterdam. Nicolas Economou | NurPhoto | Getty Images Delta Air Lines’ fourth quarter profits topped Wall Street’s expectations, as lower fuel prices and strong travel — particularly for high-priced premium tickets — demanded lifted the Atlanta-based carrier’s results. Before the market opened on Tuesday, Delta reported per-share […]
PM Johnson says UK working to save Branson-owned airline Flybe
This picture shows a Dash 8 Q400 of Flybe airline during take-off on September 24, 2019 at the airport in Duesseldorf, western Germany. INA FASSBENDER U.K. Prime Minister Boris Johnson has offered a heavy hint that his new Conservative administration will begrudgingly step in to help prevent the collapse of Europe’s biggest regional airline, Flybe. […]
Boeing’s new CEO Calhoun has little margin for error in 737 Max scandal
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a […]
Lamborghini’s 2019 sales jump 43%, driven by its Urus SUV
Exterior of the 2019 Lamborghini Urus with a base retail price starting at $200,000. Adam Jeffery | CNBC Lamborghini reported a scorching 43% jump in sales in 2019, driven by its new Urus SUV. Lamborghini is the latest high-end car company to report record sales in 2019, boosted by their hulking, powerful SUV’s than traditional […]
