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Airbus Q1 deliveries drop as supply woes extend into 2023

BLOOMBERG Airbus SE delivered 127 jetliners in the first quarter, a 9% drop from a year earlier, as parts shortages spilled into 2023. Deliveries totalled 61 aircraft in March, the world’s biggest planemaker said. The first-quarter drop will make it harder for Airbus to reach its goal of increasing shipments to 720 this year. Meeting output targets is crucial for ...

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Costco falls on lowest US sales growth in 3 years

BLOOMBERG Costco Wholesale Corp slipped in late trading as the second straight slowdown in a key monthly sales gauge stoked doubts about the strength of US consumers. US comparable sales eked out only a 0.9% gain in March after excluding the impact of changes in gasoline prices, the company said in a statement. That’s the smallest advance since April 2020 ...

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Walmart sues Capital One to end credit-card partnership

BLOOMBERG Walmart Inc asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp, saying the bank has failed to meet critical standards for customer care. Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. “Unfortunately, Capital ...

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