United Airlines in signaling a hit from high labor and fuel costs.
“We’re growing supply at that level and not seeing a deterioration in the overall revenues,” he said. “It’s unusual in our industry.” Delta retained its full-year earnings forecast after reporting adjusted profit for the first quarter of 25 US cents a share, below 30 US cents a share expected by analysts.) rebounded from steep overnight losses in the wake of a report Japanese technology investor SoftBank Group Corp has moved to sell almost all of its remaining shares in the Chinese e-commerce major.
SoftBank has been seeking ways to monetise its stake in Alibaba, which the Japanese conglomerate bought into more than two decades ago with just US$20-million spending.
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