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Wizz Air Net Profit, Revenue Rise in Fiscal 2019 But Margin Drops on Surging Fuel Costs

Wizz Air Net Profit, Revenue Rise in Fiscal 2019 But Margin Drops on Surging Fuel Costs

June 1, 2019 at 3:15 pm

Wizz Air (WIZZ.L), the largest low-cost airline in Central and Eastern Europe, reported early Friday record net profit and sales in the financial year just ended but the operating earnings margin fell as fuel costs climbed. Revenue surged to 2.32 billion euros ($2.58 billion) during the 12 months that ended March 31, from 1.94 billion euros a year ago, theRead More

Boeing’s 737 Max Update Doesn’t Include Hands-On Simulator Training, CNN Says

June 1, 2019 at 3:13 pm

Boeing’s (BA) training proposal for the 737 Max’s updated software includes computer lessons without mandated hands-on simulator training for pilots, CNN reported, citing sources. The aircraft maker drew flak from pilots and aviation consultants for only providing a short, self-administered online course and no simulator time. Prior to two accidents that killed more than 300 people, training requirements for 737Read More

Softcat Improves Profit Forecast for Fiscal 2019 on ‘Strong’ Growth Across Business Segments

Softcat Improves Profit Forecast for Fiscal 2019 on ‘Strong’ Growth Across Business Segments

May 20, 2019 at 6:15 am

Softcat (SCT.L), a British IT infrastructure product and services provider, on Monday forecast that full-year results will be “slightly ahead” of expectations as the group has continued to perform “well” during the fiscal third quarter. The debt-free company, which grew its interim dividend for the fiscal first half by more than a third, has delivered “strong” year-on-year growth across “allRead More

Sprint, T-Mobile To Propose Compromises For Merger Approvals, Bloomberg Reports

Sprint, T-Mobile To Propose Compromises For Merger Approvals, Bloomberg Reports

May 20, 2019 at 6:14 am

Sprint (S) and T-Mobile US (TMUS) could announce this week certain concessions that will help the companies get US regulatory approvals for their planned $26.5 billion merger, Bloomberg News wrote Monday, citing people familiar with the matter. According to the sources, the concessions follow the companies’ talks with the Federal Communications Commission and include the sale of the firms’ prepaidRead More