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Delta operates about 86 daily flights out of Washington area airports. United, with a hub at Washington Dulles, could be more exposed to a prolonged shutdown, operating about 264 Washington area flights per day in January types of vintage cufflinks. Chicago-based United also warned that revenue per mile flown could fall in the first quarter. Its management will discuss earnings and forecasts on a conference call on Wednesday. In the fourth quarter, United’s adjusted earnings per share rose to $2.41 from $1.99 a year earlier, topping analysts’ average forecast by 37 cents, according to IBES data from Refinitiv..
United attributed fourth-quarter growth to a strategy launched last January to expand its domestic network by adding flights and more options for connections through its seven main hubs, with a particular focus on Chicago, Denver and Houston. Delta reported adjusted profit of $1.30 per share for the fourth quarter, beating analysts’ estimates by 3 cents. Delta also forecast first-quarter earnings between 70 cents and 90 cents per share, while United said it expects full-year adjusted earnings of $10.00 to $12.00 per share types of vintage cufflinks.
DETROIT (Reuters) – Volkswagen AG (VOWG_p.DE) and Ford Motor Co (F.N) said on Tuesday they will join forces on commercial vans and pickups and are exploring joint development of electric and self-driving technology, actions meant to save the automakers billions of dollars. Ford and VW announced their partnership against the backdrop of the Detroit auto show types of vintage cufflinks. The tie-up, which starts with sales of vans and medium-sized pickups in 2022, will not involve a merger or equity stakes, the companies said..
“It is no secret that our industry is undergoing fundamental change, resulting from widespread electrification, ever stricter emission regulation, digitization, the shift towards autonomous driving, and not least the changing customer preferences,” Volkswagen Chief Executive Herbert Diess told reporters and analysts on a conference call types of vintage cufflinks. “Carmakers around the globe therefore are investing heavily to align their portfolios to future needs and accelerate their innovation cycles,” he added. “In such an environment, it just makes sense to share investment.”..
A deal centered around vans and pickups had been expected. Investors are now focused on the potential for additional deals they believe could offer greater savings types of vintage cufflinks. Those include potential deals around development of electric or self-driving vehicles, as well as combining forces in markets including North America, South America, Europe or China. The two CEOs did not discuss in detail alliances in specific markets including Latin America, where Ford is losing money. The expanding alliance, which will be governed by a joint committee that includes the CEOs of both companies, highlights the growing pressure on global automakers to manage the costs of developing electric and self-driving vehicles, as well as technology to meet tougher emissions standards for millions of internal combustion vehicles they will sell in coming years..