Untethered from desks, passengers are flying more often and in different ways. Carriers expect the new habits to endure, despite economic uncertainty.
Category: Company Reports
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Airlines Cash In as Flexible Work Changes Travel Patterns
The New York Times – Travel: -
Tesla’s Profit Jumped in Third Quarter on Strong Sales
The New York Times – Business:The electric carmaker is growing fast but investors are worried that sales are starting to slow because of higher prices and interest rates.
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Consumer Giants Keep Raising Prices as Profits Come Under Pressure
The New York Times – Business:Nestlé and Procter & Gamble reported resilient earnings as they brought in more money from selling fewer goods.
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Stocks Rise as Corporate Earnings Again Beat Expectations
The New York Times – Business:Another batch of quarterly profits beat analyst expectations, but some warn that the rally could be short-lived, giving way to more selling.
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Netflix Reverses Decline, Adding 2.4 Million Subscribers
The New York Times – Movies:Netflix, which has about 223 million subscribers worldwide, will soon introduce a lower-priced service with ads in a bid to attract more customers.
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Goldman Sachs Restructures Its Divisions, Elevating Tech Offerings as Profit Falls
The New York Times – Business:The bank will combine trading and investment banking into one unit; asset management, wealth management and consumer businesses into another; and its digital offerings in a third.
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Bank of America’s Earnings Suggest U.S. Consumers Remain Strong and Active
The New York Times – Business:Loan and deposit growth at the nation’s second-largest bank suggest that a possible global economic slowdown has not yet hurt many Americans.
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As Fox and News Corp Weigh Merger, an Activist Has Its Own Vision
The New York Times – Business:Irenic Capital Management, which has a $150 million stake in News Corp, wants the company to split up its media and real estate listings businesses.
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Morgan Stanley’s 30% Profit Drop Sends Stock Price Down
The New York Times – Business:The Wall Street firm reported lower fees and weaker revenue from trading stocks in the third quarter.
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Citigroup Quarterly Profit Falls 25%
The New York Times – Business:The bank reported a 25 percent decline in profit in the third quarter, versus last year, in part because of “very challenging markets.”
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JPMorgan’s Profit Shrinks, but Chief Says U.S. Customers Are ‘Healthy’
The New York Times – Business:The bank earned $9.7 billion in the third quarter, down from last year. It also added to reserves against loan losses and took a hit on some investments.