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Delta expects higher profit over strong travel demand

BLOOMBERG Delta Air Lines Inc modestly boosted its 2023 earnings expectations as it capitalises on a recovery in travel demand even as free cash flow remains below pre-pandemic levels. Adjusted profit for the year will be at the high end of its prior guidance of $5 to $6 a share, Delta said in a regulatory filing ahead of an investor ...

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Lufthansa enters decisive talks with pilot union

BLOOMBERG Deutsche Lufthansa AG entered decisive talks with its pilots union as the German airline races to reach an agreement to avert the threat of a strike during the crucial summer travel season. Negotiating teams at Lufthansa and the VC pilots union met with the aim at ending a dispute over pay and working conditions. Lufthansa made an offer earlier ...

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Nasdaq futures extend rally on Tesla’s sales beat

BLOOMBERG Stocks kicked off the new quarter on a bullish note, with electric-car makers Tesla Inc and BYD Co climbing on record quarterly sales. Tesla gained 6.3% in premarket trading, while BYD climbed in Hong Kong trading, leading shares of battery suppliers also higher. Contracts on the Nasdaq 100 climbed, after the tech index notched its best-ever first half of ...

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