Air Canada has announced that it is expecting higher capacity in the fourth quarter compared to the prior-year period. However, the airline has adjusted its forecast for the full year, citing higher costs. Fourth Quarter Capacity Increase Air Canada plans to increase its available seat miles (ASM) by approximately 10% in the fourth quarter. ASM is a measure of an airline's … [Read more...] about Air Canada Updates Fourth Quarter Capacity and Full Year Forecast
Forex News
Auto Stocks Drop as ON Semiconductor Disappoints
Stock in Tesla and other auto makers took a hit on Monday following a disappointing forecast from automotive chip maker ON Semiconductor. The company reported third-quarter sales of $2.18 billion, slightly surpassing analysts' expectations of $2.15 billion. However, ON Semiconductor's management projected fourth-quarter sales of approximately $2 billion, falling short of Wall … [Read more...] about Auto Stocks Drop as ON Semiconductor Disappoints
Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
Aker Carbon Capture, a Norwegian company, has announced that it will be conducting a feasibility study for a carbon-capture plant at a waste-to-energy facility in Germany. The study, awarded by Amsterdam-based renewables company Tree Energy Solutions, will focus on assessing the optimal carbon dioxide capture, liquefaction, and temporary storage facility. The proposed plan … [Read more...] about Aker Carbon Capture Conducting Feasibility Study for Carbon-Capture Plant in Germany
McDonald’s Well Positioned for 2024
McDonald's Corp. has reported better-than-expected third-quarter results, leading Wells Fargo analyst Zachary Fadem to believe that the company is in a strong position for 2024. Fadem mentioned several catalysts that support this view. Easing November Compares and December Analyst Event Fadem highlighted easing November compares leading up to McDonald's December analyst event. … [Read more...] about McDonald’s Well Positioned for 2024
Pinterest Stock Soars as Revenue Exceeds Expectations
Pinterest stock is on the rise following the social media platform's impressive revenue performance in its latest quarter. Surpassing Expectations In the third quarter, Pinterest reported adjusted earnings per share of 28 cents, surpassing the Wall Street consensus projection of 21 cents. The company's revenue reached $763 million, exceeding analysts' expectations of $744 … [Read more...] about Pinterest Stock Soars as Revenue Exceeds Expectations
