Delta Stock Rises as Airline Earnings Beat Expectations. Watch for Ozempic Talk.

Delta Air Lines beat expectations for third-quarter results on Thursday as the carrier kicked off earnings season for the “big four” U.S. airlines.

Both will be in sharp focus when analysts—and shareholders—break down the numbers, the first from the four major U.S. carriers. Related to fuel costs is a trend that has hit food stocks but could be a boon to the airlines over time: weight-loss drugs. Airlines spend billions of dollars a year on fuel—with the amount spent linked to plane payload; the likes of Ozempic and Wegovy, made by Novo Nordisk , could cut those costs.

That would translate to some 20 cents of annual earnings per share, according to Kahyaoglu, and while the example is for United “this benefit should be recognized similarly across airlines,” the Jefferies analysts said.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of America Corp. stock rises Tuesday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

Tesla Inc. stock rises Tuesday, outperforms marketSupported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy.
Source: MarketWatch - 🏆 3. / 97 Read more »

US crude stocks up a whopping 13M barrels last week; Gasoline rises 3.9MUS crude stocks up a whopping 13M barrels last week; Gasoline rises 3.9M - API
Source: Investingcom - 🏆 450. / 53 Read more »