Wednesday, January 19th, 2022

Tag: profit

Delta forecasts profit ahead as travel demand and fares rise, despite omicron

Delta Air Lines on Thursday said travel demand — and fares — in the fourth quarter are rising, despite the omicron variant of Covid and that it expects to post a pretax profit of...

Why airlines like Southwest, Delta, United and American struggle for profit

Billionaire investor Warren Buffett once called himself an “air-o-holic” because of how tempted he is to invest in commercial airlines. But he learned the hard way, twice, that the industry can be a risky...

Auto dealerships have blown past 2020 profit records

“Think about what the other things are,” she said. “They don’t have a lot of inventory, so they don’t have a lot of floorplan cost. They don’t really have to do the kind of...

American Airlines (AAL) posts profit for 3Q21 thanks to federal aid

American Airlines on Thursday reported a $169 million profit for the third quarter thanks to more than $990 million in federal payroll support. Revenue for the quarter totaled $8.97 billion down about 25% from...

Rivian pre-order customers made over $240 million in profit on IPO pop

Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Rajiv Patel, an environmental consultant in...