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United Airlines Scaling Back Flights at Newark Airport
The carrier is reassessing Newark, N.J., operations after June flight cancellations, while United and American boosted their profit forecasts as summer travel booms. Source link
American Airlines Raises Profit Outlook as Demand for Trips Abroad Heats Up
The airline said quarterly sales rose almost 5% from a year ago and above analysts’ expectations. Source link
United Airlines Triples Second-Quarter Profit
The carrier lifted its earnings outlook on increased passenger volumes, and its CEO vowed to make changes after late-June disruptions. Source link
Netflix Password-Sharing Crackdown Delivers Jolt of New Subscriber Growth
The streaming giant says the Hollywood strikes will lead to less content spending and increased free cash flow this year. Source link
Tesla to Report Second-Quarter Earnings Fueled by Sales Growth
Analysts are looking to see the impact of price cuts on the EV maker’s bottom line. Source link
Lockheed Martin Projects Higher Sales as War Boosts Orders
The defense giant raised its sales guidance as the war in Ukraine is driving orders for missiles. Source link
Conagra Sales Rise, Profit Falls as Inflation Eases
The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. Source link
Delta Says Travel Boom Drove Record Revenue
The surge in flying shows no signs of slowing, with demand continuing into autumn, CEO Ed Bastian says. Source link
PepsiCo Sales, Earnings Rise on Snacks Spending
PepsiCo reported strong growth in sales and profit as consumers continued to shrug off price increases and spend on Doritos, Cheetos and other snacks. Source
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business
The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Source link