Money Delta's profit dips 8 per cent but tops Street's expectations

17:28  11 january  2018
17:28  11 january  2018 Source:   MSN

N.S. kicks off New Year's Day polar bear dips

  N.S. kicks off New Year's Day polar bear dips HALIFAX - Organizers cancelled two New Year's Day polar bear dips in Ontario because of the frigid temperatures, but not even a layer of ice could stop hundreds of jumpers from plunging into the freezing waters of Herring Cove, N.S. Just hours before it was scheduled to begin, organizers of the Courage Polar Bear Dip in Oakville, Ont., announced they were calling off the event because of "significant" ice and rock movement that would have made the plunge unsafe.They said it was the first time in 33 years the event had been cancelled.Toronto organizers cancelled their New Year's Day plunge on Sunday.

DALLAS (AP) — Delta Air Lines reported that fourth-quarter profit slipped 8 percent , but the results still beat expectations as average prices for passengers continued to creep higher. The airline also raised its forecast of 2018 earnings, citing the recent tax law that includes a lower corporate rate.

DALLAS (AP) — Delta Air Lines reported that fourth-quarter profit slipped 8 percent , but the results still beat expectations as average prices for passengers continued to creep higher. Revenue rose 8 percent to .25 billion, also topping forecasts.

a large passenger jet sitting on top of a runway© Provided by thecanadianpress.com

DALLAS - Delta Air Lines reported that fourth-quarter profit slipped 8 per cent, but the results still beat expectations as average prices for passengers continued to creep higher.

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Delta Air Lines Inc

DAL

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Delta Air Lines reported that fourth-quarter profit slipped 8 percent , but the results still beat expectations as average prices for passengers continued to creep higher. Revenue rose 8 percent to .25 billion, also topping forecasts.

Husband, wife win million prizes in separate contests just months apart. 5th. Delta ' s profit dips 8 percent but tops Street ' s expectations .

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The airline also raised its forecast of 2018 earnings, citing the recent tax law that includes a lower corporate rate.

The shares rose in trading ahead of Thursday's opening bell.

Airlines are benefiting from strong travel demand that is resulting in many full flights and higher prices. At Delta, average fares and fees rose for the third straight quarter, reversing a two-year slide caused by fare wars and a glut of seats.

Delta's president, Glen Hauenstein, said the airline goes into 2018 with momentum from higher revenue because of strong demand and rising business fares.

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Second arrest made in connection with August shooting death. 5th. Delta ' s profit dips 8 percent but tops Street ' s expectations . US Army howitzer shipment halted by German police. Missouri Gov.

NEW YORK (AP) — Carnival Corp. on Tuesday reported a dip in fiscal fourth-quarter profit on higher costs, but the results still topped Wall Street expectations . Shares of the Miami-based cruise operator rose .80, or 2.7 percent , to .40 in morning trading.

The company expects that trend to continue. It predicted that revenue for each seat flown one mile, a figure that investors watch closely, will rise by 2.5 per cent to 4.5 per cent in the first quarter — positive, but slightly slower growth than in the fourth quarter.

The Atlanta-based airline said it expects 2018 earnings of between $6.35 and $6.70 per share, citing benefits from the tax law. Analysts surveyed by FactSet were expecting $5.92 per share. Delta said rising revenue and the new tax law will partly offset higher jet fuel prices.

Delta, the second-largest U.S. airline behind American, plans to boost passenger-carrying capacity by 3 per cent in the first quarter compared with the same period in 2017. That kind of growth is likely to be modest enough to avoid spooking investors, who worry that airlines are dumping too many seats on the market. Delta just ordered 100 new Airbus jets for its 999-plane fleet, but they don't start arriving until 2020.

So your investments did well in 2017. What should you do now?

  So your investments did well in 2017. What should you do now? If you have any money invested in stocks, exchange-traded funds or mutual funds, chances are that you woke up on New Year’s morning feeling a little richer than the year before.The year just ended was a remarkably strong one for stock markets, especially in New York. Our own TSX lagged well behind Wall Street but still managed to post a modest gain of 6 per cent for 2017.However, that’s all history. What do you do now?The starting point is to check your asset mix. How much do you currently have invested in stocks, bonds and cash? Repeated studies have shown that how you distribute your money among those three classes is more important than the actual securities you hold.

Apple (NASDAQ:AAPL) reported a decline in its quarterly net profit , from $ 8 . 8 billion a year ago to .9 billion in its most recent quarter. But the company' s sales of iPhones during the period--31.2 million units, up from the 26 million it sold in the year-ago quarter--beat Wall Street expectations of around

The company reported higher freight volumes in most commodity groups, with coal up 8 percent and automotive shipments up 11 percent . The railroad' s profit dipped slightly because of higher costs for labor, materials, fuel and depreciation.

Delta said it earned $572 million in the fourth quarter, down 8 per cent from $622 million a year earlier. The airline took a $60 million hit in income from a power outage that shut down the Atlanta airport, its biggest hub, on Dec. 17 just as the Christmas travel rush was beginning.

Excluding what the airline considers one-time gains and expenses, the profit was 96 cents per share. That topped the forecast of 88 cents per share that analysts expected, according to a survey by Zacks Investment Research.

Revenue rose 8 per cent to $10.25 billion, also topping forecasts.

In premarket trading, Delta's shares were up $2.03, or 3.6 per cent, to $57.90. Airline stocks rallied the day before after American and United both hinted that revenue for the fourth quarter would be stronger than had been expected.

Shares of Delta Air Lines Inc. have fallen slightly since the beginning of the year, while the Standard & Poor's 500 index has risen roughly 3 per cent. Delta has climbed almost 10 per cent in the last 12 months.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DAL at https://www.zacks.com/ap/DAL

Agency must revisit obese passenger complaint .
Agency must revisit obese passenger complaintIn a 6-3 decision Friday, the high court said the Canadian Transportation Agency failed to reasonably exercise its discretion in dismissing Gabor Lukacs's grievance about Delta Air Lines.

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