Tag: transportation

Home » transportation
Capacity will be 'strained' for some time, says Ryanair CFO

Ryanair posts record profit as passengers soar above pre-Covid level

Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served...

EasyJet sees 'positive momentum' going into the summer travel season, CEO says

EasyJet shares fall on profit miss, CEO departure

EasyJet Plc passenger aircraft on the tarmac at London Southend Airport in Southend-on-Sea, UK, on Friday, May 3, 2024. Bloomberg | Getty Images Shares of EasyJet fell more than 7% on Thursday after the low-cost airline posted a slightly larger-than-expected loss in the first half of the fiscal year and announced the forthcoming departure of...

'Get your act together,' Emirates chairman says on Boeing crisis

Emirates airline chalks record annual profit as travel demand booms

An Emirates Airlines plane Karim Sahib | AFP | Getty Images DUBAI, United Arab Emirates — Dubai-based carrier Emirates airline on Monday reported record annual profit of 17.2 billion dirhams ($4.7 billion) for the 2023-2024 financial year, up 63% from the year prior. The flag carrying airline of the UAE’s glitzy commercial capital has enjoyed...

Viking prices IPO at $24 per share

Cruise line company trading on NYSE

Aerial view of the Viking Jupiter cruise ship anchored in the port of Montevideo, on January 5, 2022.  Ivan Pisarenko | AFP | Getty Images Viking is not your typical cruise operator. On board its smaller, upscale vessels, you won’t find any kids. In fact, the cruise line doesn’t hide the fact that it is...

Mercedes-Benz is working through supply chain challenges, CEO says

Mercedes-Benz shares climb 5% on share buyback, despite ‘exceptional’ uncertainty ahead

Mercedes-AMG GT 43 4MATIC+ on display at Brussels Expo on January 9, 2020 in Brussels, Belgium.  Sjoerd Van Der Wal | Getty Images News | Getty Images Mercedes-Benz shares gained around 5% on Thursday morning after the German carmaker beat fourth-quarter earnings expectations and announced a new share buyback program, despite warning of “exceptional” risks...

Watch CNBC's full interview with Baron Capital chairman and CEO Ron Baron

Ron Baron expects SpaceX’s Starlink to go public around 2027

Billionaire investor Ron Baron told CNBC on Friday that he expects SpaceX to IPO its Starlink satellite internet service “in 2027 or so.” “We think that by the time they go public with SpaceX, with Starlink … in 2027 or so, four years, the company will be worth $250 billion to $300 billion,” Baron said,...

Ford, UAW reach tentative deal to end labor strikes

Ford Motor (F) earnings Q3 2023

 2024 Ford F-150 Raptor Ford DETROIT — Ford Motor is set to report its third-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to average estimates compiled by LSEG, formerly known as Refinitiv. Adjusted earnings per share: 45 cents Automotive revenue: $41.22 billion Those results would be increases of more than...

Virgin Galactic launches first-ever commercial space flight

Virgin Galactic (SPCE) Q2 2023 earnings report

VMS Eve, operated by Virgin Galactic, returns after the company’s first commercial flight to the edge of space, at the Spaceport America facility, in Truth or Consequences, New Mexico, U.S., June 29, 2023.  Jose Luis Gonzalez | Reuters Virgin Galactic reported second-quarter losses on Tuesday that were slightly wider the year-ago period, as the space...