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British airline EasyJet said that in the fourth financial quarter the demand for its services was quite high, thanks to which strong quarterly indicators were recorded. Against this background, the company improved its forecast for a number of indicators for the 2018 financial year. It is expected that the annual profit before tax will increase to 570-580 million pounds sterling. The volume of passenger traffic will increase by 5.4%. According to EasyJet, this year the traffic load will increase by 1 percentage point. Revenues are expected at 5 billion 895 million pounds. The carrier predicts a year-on-year increase in fuel costs by 15 million pounds, compared with the previous forecast of up to 1 billion 200 million pounds.
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, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
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 ...
KYC Policy