The sharp increase in oil prices has meant that while full year revenues have risen by 20% fuel prices have gone up by 25%. The outlook was originally between $6 and $7, and the airline has taken the decision to pull that down to between $6 and $6.25c a share. Some estimates have put the sale price somewhere close to $500m, quite a reduction from the $1.7bn valuation that the unit had last year.ĭelta Airlines shares have edged higher despite cutting the top end of its full year profit outlook due to higher fuel and maintenance costs. This hit comes on top of the $504m hit the bank took in its Q2 numbers, with the sale expected to complete in Q1 next year.

Weekly jobless claims came in at 209k, in line with expectations with little reaction from the bond markets to a slightly firmer number.Īhead of next week’s Q3 numbers Goldman Sachs announced that they have agreed a deal to sell its troubled GreenSky unit to private equity group Sixth Street, which it said would result in a 19c a share hit to its profits. US markets opened slightly softer after US CPI for September came in a slightly higher than expected at 3.7% and 0.4% month on month.Ĭore prices slowed to 4.1% from 4.3% so there was a modest upside surprise in the headline number caused mainly by higher rent and fuel prices, and which has provided an uplift to US yields, which comes across as a slight overreaction given how much the numbers are within the margin of error.

It also expects full year revenues to rise between 22% and 23.5%.īoohoo and ASOS shares are both lower after Goldman Sachs downgraded both to sell saying that they expected both businesses to continue to lose market share to other rivals. The cybersecurity company also confirmed its full year guidance of ARR growth of between 21% and 23%, with the 2 nd half of the year expected to be stronger than H1. Total revenue saw a rise of 28% to $161.6m. Today the business announced that it is selling itself to private equity group Apollo Global for 65p per share, valuing the business at £506m.ĭarktrace shares have slipped back after announcing a 21% decline in annualised recurring revenue to $21.1m in Q1 24, from the same period last year, while adding 126 net new customers during the quarter. Wagamama’s and Frankie and Benny’s owner Restaurant Group has had its fair share of problems over the past few years with the pandemic bringing them to a head. The deal to acquire 157 new Airbus planes is also a hefty chunk of change as the various carriers stake the future on strong travel demand, and more fuel-efficient aircraft. Perhaps today’s weakness speaks to a concern that management is being a little too optimistic about the outlook, as well as the challenges facing the consumer from the high cost of living. The airline also said it expects to be able to generate £1bn in profits by 2026. On guidance for Q1 capacity is 15% up from last year, while the airline announced a big order of 157 new aircraft from Airbus worth $20bn, with an option for 100 more. The airline appears to be adding value across all its key revenue areas, with revenue per seat up 9%, and ancillary yield per passenger up 14%, during Q4, with load factor at 92%, begging the question as to why the shares have sold off. easyJet holidays has continued to add value with an expectation of annual profits before tax of £120m. This has turned out to be true with a record performance expected in Q4 when it comes to headline profit before tax with estimates of between £650m and £750m, pushing H2 profits up to between £850m and £870m. This was slightly below consensus forecasts, and while disappointing is still a vast improvement on last year.Įarlier this year easyJet said its second half performance would more than offset a poor H1. Investors have reacted underwhelmingly to easyJet’s Q4 pre-close trading update numbers which has seen the airline confirm a return to profit for the year, saying that headline profit before tax is expected to come in between £440m and £460m. The FTSE100 is once again finding support from a resilient oil and gas sector, and higher oil and gas prices with BP and Shell outperforming, while travel and leisure appears to be stuck on the tarmac. European markets have undergone another lacklustre session drifting into the red after US headline inflation followed yesterday’s PPI numbers coming in a little bit hotter than expected, pushing yields higher.

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