Live Breaking News & Updates on Cowen Helane Becker|Page 3
Stay updated with breaking news from Cowen helane becker. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Under leadership of CEO Raj Subramaniam, FedEx soars most in nine months newsindiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsindiatimes.com Daily Mail and Mail on Sunday newspapers.
E-commerce expected to fall, driving down value of UPS shares laosnews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from laosnews.net Daily Mail and Mail on Sunday newspapers.
Share Although domestic leisure travel will be dominant in the early stages of the recovery, United CEO Scott Kirby is betting long-term on a strong recovery in business and international travel. Speaking on Wednesday at a CAPA Live virtual event, Kirby acknowledged that his outlook for business travel was not the consensus. An International Air Transport Association poll of about 4,700 travellers released this week, for example, showed that 62 per cent of respondents said they expect to travel less for business even after Covid-19 is contained a solid majority, albeit a smaller percentage than the last time IATA took such a poll, in September. Kirby, however, said he disagrees with the idea that a sizeable chunk of business travel will not return as companies have grown more accustomed to virtual platforms during the pandemic. ....
Daniel Slim/AFP via Getty Images Delta Air Lines missed estimates for adjusted earnings per share in the fourth quarter and issued a forecast for the first quarter that was below Wall Street estimates. Ordinarily, that might be enough to knock down the stock. But shares of Delta (ticker: DAL) are rallying more than 3% because things could have been a lot worse. Delta posted an adjusted loss of $2.53 a share, missing consensus estimates for a loss of $2.50 a share, according to FactSet. The airline reported passenger revenue of $2.7 billion, largely matching forecasts and down 74% from a year earlier. Total adjusted revenue (including cargo, ancillary, and credit-card revenue) came in at $3.5 billion, missing estimates for $3.7 billion in total sales. ....