) reported an unexpected rise in its first-quarter underlying profit on Friday despite the COVID-19 crisis, while its new Chief Executive Officer Pekka Lundmark takes over this weekend.
Nokia, which had warned of a weak second quarter due to the virus, upgraded its forecast for 2020 underlying earnings per share to between 0.2 and 0.3 euros from 0.18 to 0.28 euros. Nokia-level revenue was down in the quarter, with the majority of that the result of COVID-19 as well as a sharp decline in China, its outgoing Chief Executive Officer Rajeev Suri said in a statement.
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Boeing CEO 'hopeful' aircraft demand starts to recover in second half of 2021Boeing said it plans to cut production of widebody 787s and delay a ramp-up of its key 737 Max, which has been grounded since March 2019. If you want the airplanes out of the Boneyard then get rid of the useless face mask policy and people will return to the skies. When they returned to the skies the airlines will produce more flight schedules. More flight schedules equals more aircraft manufacturing. Boeing The airline industry was bailed out for to support a flailing travel industry. Leisure travel fell 98%. People don’t have jobs. I’m sure people thinking about their next vacation rn. Lebeaucarnews Am I sensing that Boeing is no longer in a hurry to get the MAX re-certified? Didn't seem to bother Calhoun, instead he's reaping heaps of compliments on the FAA.... If we didn't have COVID, he would surely being sweating blood due to pressure from customers to deliver...
Source: CNBC - 🏆 12. / 72 Read more »
Summer quarantine policies will create a 'rollercoaster effect' for airlines, Wizz Air CEO saysQuarantine policies in Europe will have a 'rollercoaster effect', the chief executive officer of Wizz Air told CNBC.
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Source: CNBC - 🏆 12. / 72 Read more »
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Google CEO Sundar Pichai gets a tough grilling in antitrust opening shot - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. What did you think would happen when you vote against Internet Neutrality, that corps would just look and wave at the growth potential of the vote? They are chewing him up Passive voice in the headline, huh.
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