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Delta had revenue of $9.154 billion and net profit of more than $1.2 billion in the third quarter.
Delta had revenue of $9.154 billion in the third quarter, compared with $12.56 billion in the same period in 2019, and net profit of $1.212 billion in the same period in 2019, compared with $1.495 billion in the same period in 2019. Delta earned $1.89 a share in the third quarter, with a market expectation of $0.498. Delta expects staff vaccination rates to reach 95% in November. Delta CEO Bastian says he is seeing an increase in domestic business travel. 2022 will be a good year for business and international travel recovery, and revenue is expected to return to 2019 levels in 2023.
J.P. Morgan Just Bought 1.7 Million Acres of Woodland
J.P. Morgan Asset Management announced on Monday that it has agreed to acquire Campbell Global LLC, a company focused on woodland investment and natural resource management that manages more than 1.7 million acres of woodland globally and has assets under management of $5.3 billion. The deal is expected to close in the third quarter of this year, and the transaction price was not disclosed. J.P. Morgan Asset Management CEO George Gatch (George Gatch) said in a statement: “This acquisition expands our alternatives and shows that we want to incorporate sustainability in a meaningful way
Aviation demand recovers, Delta plans to hire more than 1,000 pilots
Delta Air Lines said on Monday that it plans to hire more than 1,000 pilots by next summer. This is the latest move taken by an airline to meet a rebound in travel demand. Delta Air Lines Operations Director John Raft (John Rafter) said in a memorandum to employees that leisure travel in the US is expected to return to the level before the COVID-19 pandemic broke out this month. Given the recent market opening in Spain, France, Italy and Greece, transatlantic travel restrictions should ease in the second half of this year, he said. About 20% of Delta Air Lines employees left early during the peak of the epidemic last year
Former US Treasury Secretary Mnuchin says the Fed needs to enter a period of policy normalization, indicating that the market underestimates risk
Former US Treasury Secretary Steven Mnuchin said inflation will force the Federal Reserve to tighten monetary policy in the coming months and years, and investors may not be ready for this situation. “There is no doubt that the Federal Reserve needs to enter a period of normalization of interest rates and normalization of bond holdings,” Mnuchin said in an interview on Monday. Mnuchin said he is worried that the recent spike in inflation will continue. He suggests that part of the reason the Federal Reserve is cautious is that the economic model it relies on is difficult to incorporate large-scale fiscal and monetary policy measures that stimulate price movements. Mnuchin concluded by saying, “I think this is necessary
IMAX fell more than 6% at the beginning of the session, and Goldman Sachs downgraded its rating to “sell”
At the beginning of the US stock market on June 2 (Wednesday), the IMAX (IMAX.US) stock price fell. As of 21:44 Beijing time, the stock fell 6.56% to 20.81 US dollars. Goldman Sachs analyst Michael NG downgraded iMax's rating from “neutral” to “sell,” and lowered the target price from $19.6 to $18.6, saying that strong box office recovery expectations were reflected in stock valuations.
Ideal Auto rose 2.6%, and Ideal ONE deliveries increased 101.3% year-on-year to 4,323 units in May
Ideal Auto (LI.O) rose 2.6%, and Ideal ONE deliveries increased 101.3% year-on-year to 4,323 units in May.
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