) are falling as the company reported earnings that fell short of Wall Street estimates. Delta CEO Ed Bastian spoke to Yahoo Finance stating that while the market for the lower fare category weakened, travel demand overall still remains robust.
The company posting a record June quarter revenue, but they say that discounted airfares pressured earnings which fell below analysts expectations.Story continuesThat's exactly what I just mentioned in terms of the domestic market weakness in the lower fare category, the discounting particularly in the lower by the lower fare airlines.
Um, So uh kind of coming, coming in closer to where I thought it would be the quarter really didn't surprise me.As you heard from the CEO Nicholas, it seems like the read at least from the street is that maybe this signals the fact that there might be some concerns about the health industry wide, is that the right read here and why or why not?
And it seems like some of that has moved towards the Latin America division which saw revenue move higher by about what 4% in this most recent quarter. So, um and 2 to 5% or whatever, that is 3 to 5% capacity growth is pretty slow compared to the last few years, you basically were lapping the 2019 capacity levels.
Uh That is also, then um a little harder to come by with higher uh maintenance costs uh and part shortages in some spots.All right, Nicholas Owens, Morningstar Industrials Equity Analyst.These two Canadian banks are climbing, but still have so much more room to run. And with the highest dividend yields around, it's time to buy! The post Prediction: These 2 Canadian Bank Stocks Are Next in Line to Pop appeared first on The Motley Fool Canada.
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