Francesca Fontana
speaker
2,691 appearances
52 recordings
1 series
first heard Aug 2017
last heard Feb 2025
Francesca Fontana’s voice in public audio — every appearance, attributed to the second.
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Appearances
It has, but that's also kind of part of the problem.
As Delta's CEO told the Wall Street Journal this week, airlines are flying too much.
I'll explain.
Yes, travel has been rebounding from COVID, and to keep up with this rebound, Delta and other carriers expanded.
They bought planes, hired more staff, and they increased their flight plans.
More seats for more flyers.
It makes sense, right?
Well, now there are too many seats, and airlines are offering discounts to try and fill them, which isn't so good for their bottom line.
Delta's report was disappointing to investors and a drag on its rivals, too.
Delta shares dropped 4% Thursday, leading Southwest, American, and United lower.
Delta kept falling on Friday, down another 3%.
And overall, the stock ended the week with a roughly 5% loss.
All right, back to bank earnings.
We got updates from some of the biggest players on Wall Street, Wells Fargo, JPMorgan Chase, and Citigroup.
The results didn't thrill investors.
Here's the CliffsNotes version.
Banks are still grappling with higher interest rates and signs of consumer weakness.
Wells Fargo and J.P.
Morgan both posted a decline in quarterly profit.
In the latter's case, that was excluding irregular income.
Showing 1181–1200 of 2,691 · page 60 of 135
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