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Delta Airlines is free to resume share buybacks, but won’t: CEO

  Bloomberg Delta Air Lines Inc. says it’s not interested in buying back shares anytime soon, even though pandemic-related restrictions have finally ended. “Our sole priority at Delta is to make sure that any excess cash that we’re generating is used to pay down debt, and we acquired a meaningful amount of debt during the pandemic,” Chief Executive Officer Ed ...

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Fast retailing rises after profit outlook tops projections

  Bloomberg Uniqlo owner Fast Retailing Co rises the most in three months after the company issued an outlook for profit and sales for the current fiscal year ahead of analysts’ projections. Asia’s largest retailer is forecasting a record profit for the year ending August 2023, thanks to improving demand for its cheap casual apparel in Japan and a weaker ...

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Hong Kong airport traffic surges after hotel quarantine scrapped

  Bloomberg Hong Kong International Airport’s September passenger traffic volume increased by 133% from a year earlier, after authorities scrapped some of the city’s harshest travel restrictions, including requirements for hotel quarantine and a pre-boarding Covid test. Passenger throughput climbed to 525,000, 10% higher than in August. The growth was boosted by visitors to and from Southeast Asia, the Airport ...

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