The Israel-Hamas war is affecting the financial outlooks of these large companies

  • 📰 CNBC
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The conflict is shaking up everything from advertising to supply chains.

The 'Rhapsody of the Seas' cruise liner carrying US citizens leaves the Israeli port of Haifa to be evacuated to the Mediterranean island of Cyprus on October 16, 2023, amid the ongoing battles between Israel and the Palestinian Islamist group Hamas.Some of the world's most well-known companies are already seeing the Israel-Hamas war weighing on operations.

"We have unmatched geographic diversity with a large domestic network complemented by the largest long-haul international network and both are solidly profitable," CEO Scott Kirby said. "While this is a great attribute, it does create some short-term risk and volatility as we're seeing right now with the transitory hit to margins this quarter as a result of the tragedy in Israel.

"They're going to go somewhere with us," he said. "That's what we're focused on making sure they're doing."that it saw pauses in spending from a "large number of primarily brand-oriented advertising campaigns" immediately after the war began. That has weighed on revenue quarter to date.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines