Coronavirus set to impact Chinese airlines" first quarter profit: Aercap CEO
The chief executive of one of the world's largest aircraft lessors, Aercap , expects the new coronavirus that has emerged from Wuhan, China to impact Chinese airlines' profitability in the first quarter......»»
Boeing CEO sees passenger levels under 25% in September, pain for airlines: NBC interview
Boeing Co Chief Executive Dave Calhoun does not expect passenger traffic to reach even a quarter of its levels in September, creating the need for airlines to make "adjustments" as they weather the impact of the coronavirus pandemic......»»
Marriott profit plunges 92% as coronavirus zaps travel
Marriott's first-quarter profit plunged 92 percent as COVID-19 had a dramatic impact on business......»»
Siemens sees bigger hit from coronavirus impact coming as second-quarter profit plunges
Siemens on Friday said it expected "even stronger impacts" from the coronavirus pandemic in the weeks ahead as it ditched its 2020 guidance and posted an 18% drop in industrial profit during its second quarter......»»
TurboTax maker Intuit hit by coronavirus impact on small businesses, tax extension
Intuit Inc. late Thursday told investors to brace for fiscal third-quarter revenue and profit lower than what the company had guided due to the impact of the coronavirus pandemic on its small-business customers and also the extension.....»»
BMW cuts outlook, expects coronavirus impact to last all year
BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its profit outlook for passenger cars following a slowdown in first-quarter deliveries......»»
Ferrari cuts FY guidance due to coronavirus, sees slight drop in core profit
Ferrari said on Monday it had cut its core profit estimates for the year to reflect the impact of the coronavirus crisis, expected to mainly affect second quarter results......»»
Samsung sees challenges ahead
Samsung Electronics saw its consolidated sales and operating profit for the first quarter of 2020 come within its guidance range, but has warned of a weak second quarter due to the impact of the coronavirus pandemic on sales of its core products......»»
Credit Suisse warns over coronavirus uncertainties after first-quarter earnings beat
Credit Suisse Group AG posted a 75% rise in first-quarter net profit on Thursday, even as it cautioned the global coronavirus pandemic could impact performance in coming quarters......»»
Nio Investors Pull Back After Automaker Posts Wider Q4 Loss, Details Coronavirus Impact
Chinese electric vehicle manufacturer Nio Inc – ADR (NYSE: NIO) reported fourth-quarter results Wednesday, posting revenue that was slightly ahead of exp.....»»
Oracle"s cloud push powers quarterly profit, revenue beat
Growth in cloud business helped Oracle Corp top quarterly profit and revenue on Thursday and said the coronavirus will have "minimal impact" on the fourth-quarter revenue, which is usually skewed toward software licenses rather than hardware......»»
Gap sees 2020 profit above estimates, flags $100 mln sales hit from coronavirus
Gap Inc forecast 2020 profit above market expectations on Thursday as it pushes through its restructuring plan, but said it expected an impact of $100 million in first-quarter sales due to the fast-spreading coronavirus in Asia and Europe......»»
U.S. airlines ditch 2020 forecasts, slash flights and costs on virus hit
Leading U.S. airlines American and Delta suspended 2020 financial forecasts on Tuesday and took drastic further measures to combat the impact of the coronavirus, while United announced a capital raising and said it would post a first-quarter loss......»»
Dow Jones Newswires: BASF profit and sales fall as it warns of coronavirus impact
BASF SE said Friday that net profit and sales for the fourth quarter fell, and it warned of the negative effects of the coronavirus for the current year......»»
AB InBev sees 10% hit to first-quarter profit from coronavirus
The world's largest brewer Anheuser-Busch InBev forecast a 10% decline in first-quarter profit on Thursday after the coronavirus outbreak hit beer sales during the Chinese New Year, sending its shares skidding......»»
AB InBev flags lower first-quarter profit on virus impact
Anheuser-Busch InBev on Thursday forecast a 10% decline in its first-quarter profit after a weaker-than-expected finish to 2019, as the world's largest beer maker expects the coronavirus outbreak to dent its earnings......»»
United Air abandons 2020 profit goal on coronavirus outbreak
United Airlines Holdings Inc. withdrew its 2020 profit forecast, citing the financial impact of the coronavirus outbreak in China......»»
Dow Jones Newswires: Pernod Ricard cuts guidance, blaming the coronavirus
Pernod Ricard SA on Thursday slashed its full-year guidance, saying that it expects the coronavirus outbreak to have a severe impact on its third fiscal quarter, even as it reported higher net profit and sales for the first half of its fiscal year......»»
Canada Goose"s stock tumbles after revenue outlook slashed as coronavirus has "material negative impact"
The U.S.-listed shares of Canada-based Canada Goose Holdings Inc. tumbled 9.6% in premarket trading Friday, after the luxury apparel company beat fiscal third-quarter profit expectations but lowered the full-year outlook, citing a "material negative imp.....»»
Exclusive: As virus fallout widens, China readies more measures to stabilize economy - sources
Chinese policymakers are readying measures to support an economy jolted by a coronavirus outbreak that is expected to have a devastating impact on first-quarter growth, policy sources said......»»
American Airlines profit rises 27% as travel demand offsets MAX impact
American Airlines Group Inc reported a 27% rise in fourth-quarter profit on Thursday, as strong travel demand helped the U.S. airline counter the impact of flight cancellations due to the 737 MAX grounding......»»