DELTA AIR LINES POSTS $1.11 BILLION PROFIT FOR THE THIRD QUARTER AND SEES STRONG HOLIDAY BOOKINGS
Techlife News|October 14, 2023
Planes packed with summer travelers boosted Delta Air Lines to a $1.11 billion profit in the third quarter, and the carrier said Thursday that it expects revenue to keep rising into the holiday season.
DELTA AIR LINES POSTS $1.11 BILLION PROFIT FOR THE THIRD QUARTER AND SEES STRONG HOLIDAY BOOKINGS

Profit was up 59% from a year earlier, as strong ticket sales - especially for premium seats and international flights - helped Delta shrug off higher labor costs.

The Atlanta-based airline predicted ranges for fourth-quarter and full-year profit that mostly exceed Wall Street expectations.

"I think we're closing the year strong, and the holiday bookings that we see right now are pretty good," CEO Ed Bastian said in an interview. "Domestic (travel) is solid, and international is really strong!"

U.S. airlines are flying high as the travel recovery that began last year shows few signs of slowing down.

Delta increased its passenger-carrying capacity an aggressive 16% and was able to fill all those extra seats. Travelers flew 64 billion miles on the airline in the quarter, a 17% increase, and they filled 88% of the seats on the average flight, a point higher than last summer.

Denne historien er fra October 14, 2023-utgaven av Techlife News.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 14, 2023-utgaven av Techlife News.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA TECHLIFE NEWSSe alt
AMAZON REPORTS STRONG EARNINGS FOR Q4, BUT STOCKS DIP DUE TO OUTLOOK FOR THE FIRST QUARTER
Techlife News

AMAZON REPORTS STRONG EARNINGS FOR Q4, BUT STOCKS DIP DUE TO OUTLOOK FOR THE FIRST QUARTER

Amazon reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter.

time-read
2 mins  |
February 15, 2025
HOUSE LAWMAKERS PUSH TO BAN AI APP DEEPSEEK FROM US GOVERNMENT DEVICES
Techlife News

HOUSE LAWMAKERS PUSH TO BAN AI APP DEEPSEEK FROM US GOVERNMENT DEVICES

A bipartisan duo in the U.S. House is proposing legislation to ban the Chinese artificial intelligence app DeepSeek from federal devices, similar to the policy already in place for the popular social media platform TikTok.

time-read
3 mins  |
February 15, 2025
LOOKING FOR LOVE THIS VALENTINE'S DAY? DON'T FALL FOR INSTAGRAM ROMANCE SCAMS
Techlife News

LOOKING FOR LOVE THIS VALENTINE'S DAY? DON'T FALL FOR INSTAGRAM ROMANCE SCAMS

If your social media suitor seems too good to be true, it might be a scam.

time-read
1 min  |
February 15, 2025
MUSK SAYS HE'LL WITHDRAW $97.4 BILLION BID FOR OPENAI IF CHATGPT MAKER REMAINS NONPROFIT
Techlife News

MUSK SAYS HE'LL WITHDRAW $97.4 BILLION BID FOR OPENAI IF CHATGPT MAKER REMAINS NONPROFIT

Elon Musk says he will abandon his $97.4 billion offer to buy the nonprofit behind OpenAI if the ChatGPT maker drops its plan to convert into a for-profit company.

time-read
1 min  |
February 15, 2025
HOW ELON MUSK $97.4 BILLION BID COMPLICATES MATTERS FOR OPENAL
Techlife News

HOW ELON MUSK $97.4 BILLION BID COMPLICATES MATTERS FOR OPENAL

OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for-profit company.

time-read
4 mins  |
February 15, 2025
CALIFORNIA'S INSURER FOR PEOPLE WITHOUT PRIVATE COVERAGE NEEDS $1 BILLION MORE FOR LA FIRES CLAIMS
Techlife News

CALIFORNIA'S INSURER FOR PEOPLE WITHOUT PRIVATE COVERAGE NEEDS $1 BILLION MORE FOR LA FIRES CLAIMS

California’s plan that provides insurance to homeowners who can’t get private coverage needs $1 billion more to pay out claims related to the Los Angeles wildfires, the state Insurance Department said this week.

time-read
3 mins  |
February 15, 2025
HOW PHOTOS LOST IN AMERICAN DISASTERS FIND THEIR WAY HOME, WITH A LITTLE HELP FROM PEOPLE WHO CARE
Techlife News

HOW PHOTOS LOST IN AMERICAN DISASTERS FIND THEIR WAY HOME, WITH A LITTLE HELP FROM PEOPLE WHO CARE

Hollowed-out homes. Cars entombed by mud. Unpeopled roads. Belongings reduced to dirt and debris.

time-read
5 mins  |
February 15, 2025
ELON MUSK-LED GROUP PROPOSES BUYING OPENAI FOR $97.4 BILLION.OPENAI CEO SAYS 'NO THANK YOU'
Techlife News

ELON MUSK-LED GROUP PROPOSES BUYING OPENAI FOR $97.4 BILLION.OPENAI CEO SAYS 'NO THANK YOU'

A group of investors led by Elon Musk is offering about $97.4 billion to buy the nonprofit behind OpenAI, escalating a dispute with the artificial intelligence company that Musk helped found a decade ago.

time-read
3 mins  |
February 15, 2025
THE WOMEN OF 'THE WHITE LOTUS' CHECK INTO SEASON 3 IN THAILAND
Techlife News

THE WOMEN OF 'THE WHITE LOTUS' CHECK INTO SEASON 3 IN THAILAND

Get ready to check into \"The White Lotus\" in Thailand for Season 3 - this time, sadly, there's no room for Jennifer Coolidge, who went overboard in the second season.

time-read
5 mins  |
February 15, 2025
JAPAN'S SOFTBANK REPORTS LOSS WEEKS AFTER ANNOUNCING AI INVESTMENT
Techlife News

JAPAN'S SOFTBANK REPORTS LOSS WEEKS AFTER ANNOUNCING AI INVESTMENT

Japanese technology company SoftBank Group Corp. reported a 369.2 billion yen ($2.4 billion) loss for the fiscal third quarter as it racked up red ink from its Vision Fund investments.

time-read
1 min  |
February 15, 2025