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United Air expects Q1 net profit to more than double estimates

File photo: file photo: a united airlines passenger jet takes off with new york city as a backdrop

Bloomberg United Airlines Holdings Inc. said its first-quarter profit will be more than double analysts’ estimates, boosting shares as continued supply constraints across the industry combine with robust demand that shows no sign of slowing. Adjusted earnings will be 50 cents to $1 a share in the period, the carrier said in a statement while also detailing fourth-quarter results. That ...

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Credit binge sees UK shoppers use debt to buy TVs, milk

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  Bloomberg The highest increase in consumer debt in over 18 years appears to have helped the UK’s retail sector, as Britons borrow to buy products ranging from high-ticket electronic items to basics such as milk. A borrowing binge has taken off in the UK with credit card activity rising at its fastest pace since March 2004, an increasing number ...

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Apple’s iPhone dominated China despite disruptions

  Bloomberg Apple won its biggest quarterly market share in China, outrunning Covid disruptions and a global economic slowdown. The Cupertino, California company accounted for nearly 24% of China’s smartphone sales in the last three months of 2022, according to Counterpoint Research data. It topped all manufacturers in the quarter, becoming the second-biggest seller in the country on an annualised ...

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