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Continental Q1 Adj. Operating Result Rises HANOVER (dpa-AFX) - Continental (CTTAY.PK) reported that its first quarter net income increased to 448 million euros from 292 million euros, last year. Earnings per share was 2.24 euros compared to 1.46 euros. Adjusted EBIT increased to 834 million euros from 433 million euros. First quarter consolidated sales was 10.3 billion euros compared to 9.9 billion euros, previous year, up 3.5 percent. Before changes in the scope of consolidation and exchange rate effects, sales rose 8.6 percent. Continental adjusted its outlook for the current fiscal year mainly due to the anticipated spin-off of Vitesco Technologies. For the continuing operations, and thus excluding Vitesco Technologies, the company expects sales of 32.5 billion euros to 34.5 billion euros and an adjusted EBIT margin of 6 to 7 percent for 2021. ....
Air travel rebound highlights uneven Covid recovery 3 May, 2021 10:54 PM 5 minutes to read Landing in Houston: American air passengers are returning to the skies in their largest numbers since the start of the pandemic. Photo / Charlie Riedel Landing in Houston: American air passengers are returning to the skies in their largest numbers since the start of the pandemic. Photo / Charlie Riedel Other By: Bobby Caina Calvan and Healther Hollingsworth As a new country was added to New Zealand s safe travel area yesterday, air travel in the US hit its highest mark since COVID-19 took hold more than 13 months ago. Meanwhile European Union officials are proposing to ease restrictions on visitors to the continent as the vaccine sends new cases and deaths tumbling in more affluent countries. ....