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Demand for corporate jet makers is holding strong after the industry witnessed unprecedented orders during the pandemic when the wealthy sought out private flights due to public health concerns and commercial travel restrictions. Prices for business jets have been on the uptick as the industry combats continued supply chain challenges and labour constraints, even as economic headwinds have raised concerns over demand flattening. Last month, Cessna business jet maker Textron raised its annual profit outlook and said it expects higher deliveries in 2024 as the supply chain environment improves.
CanadaBengaluruKarnatakaIndiaMontrealQuebecAllison-lampertMehr-bediShounak-dasguptaBombardierReutersAftermarket-business(Reuters) -Starbucks beat Wall Street targets for fourth-quarter sales and profit as robust demand for its pricey coffees and cold drinks in North America offset a feeble recovery in China. There was a 20% surge in visits on the day of the Pumpkin Spice Latte's launch, data from Placer.ai showed. Starbucks also benefited from its younger, more affluent consumer base prioritizing their morning coffee fix at a time when the wider U.S. restaurant industry grapples with a slowdown wrought by sticky inflation.
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