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In the second quarter of 2018, the American airline company Delta Air reduced its net profit in annual terms by 13,9% to 1 billion 25 million dollars in connection with a rise in prices for fuel. As the airline's CEO Ed Bastian said, the expenses for aviation fuel in 2018 will be $2 billion higher than in 2017. The company's profit, excluding one-time factors, was 1 dollar 77 cents per share, the experts had predicted 1 dollar 72 cents per share. Revenue increased to 11 billion 800 million dollars, also exceeding forecasts. The management of Delta Air decided to raise dividends by 15% to 35 cents per share. Based on this news, the company's shares went up by 2.1%.
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
On Sunday, American Airlines Group Inc. (AAL) said that it is planning to raise as much as $3.5 billion from stock and notes offerings, as the ailing U.S. carrier grapples with the financial fallout of the travel restrictions caused by the ...
American Airlines Group Inc. stated on Wednesday that it plans to cut 30% of its management and support staff or almost 5,000 jobs because of the coronavirus outbreak. American and other airlines are scrambling to cut costs because of the ...
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