General Electric announced its 3Q22 earnings at $0.35 and missed consensus by $0.14. The company is a complex conglomerate with revenues spread among healthcare, renewal, power, and aviation. The split comes with three segments, GE Healthcare, GE Vernova (energy...
The 15-day pilot strike in July has cost Scandinavian airline SAS some SEK 1.4 billion ($135 million). It erased most earnings from the higher demand and higher revenues that SAS saw in the third quarter (May-July) of FY22. The carrier continues to operate as normal,...
Delta stated today on its earnings call its concern with rising fuel prices, and how this will negatively impact their earnings. The rise in traffic is welcome, but that rise may not be fast enough to offset rising fuel costs. So what do these costs look like for the...
The parent company of Philippine Airlines, PAL Holdings, booked a record 73 billion pesos (US$1.51 billion) loss in 2020 as the COVID-19 pandemic severely impacted the global aviation sector. The company said its management and stakeholders are working on the final...
Boeing reported third-quarter earnings earlier today and raised its expectations for full-year income, buoying its stock price. The company reported that revenues rose 4% to $25 billion in the first three quarters, topping the $24 billion expected by analysts. Net...
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