IAG Pretax Profit Rises on Consensus-Beating Revenue
The airline group—which houses Iberia, British Airways and Aer Lingus, among others—on Friday said it expects underlying costs to increase due to factors including lower capacity growth. The company said its 2025 capacity growth forecast stood at around 2.5%, subject to the effect of operational challenges.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Marriott CEO Highlights Luxury Spend Offset By Economic Uncertainty, Reduced Government And Business Travel
Marriott International (NASDAQ:MAR) reported its second-quarter fiscal 2025 earnings on Tuesday. The company's second-quarter sales reached $6.74 billion, marking a 4.7% year-on-year increase and surpassing the analyst consensus estimate of $6.64 billion. Marriott's comparable systemwide constant-dollar revenue per available room (RevPAR) grew 1.5% year-over-year, while actual dollar RevPAR saw a 1.7% in the U.S. and Canada was flat, with RevPAR edging down 0.1% in actual dollars, while international markets saw a 5.3% increase (6.1% in actual dollars). The company added roughly 17,300 net rooms during the quarter, a 4.7% increase from the end of the second quarter of 2024. Total expenses declined 5% to $5.51 billion, contributing to an adjusted EBITDA of $1.42 billion, up from $1.32 billion a year ago. Despite a 3.4% rise in operating income to $1.24 billion, the company's operating margin fell by 100 basis points to 18%. Adjusted earnings per share (EPS) of $2.65 outperformed the consensus estimate of $2.62. View more earnings on MAR At the end of the quarter, Marriott's global system totaled nearly 9,600 properties, with approximately 1,736,000 rooms. As of June 30, Marriott held $700 million in cash and equivalents. In the quarter, Marriott repurchased 2.8 million shares of common stock for $700 million. Through July 30, the company has returned over $2.1 billion to shareholders through dividends and share repurchases. CEO Anthony Capuano reported that Marriott delivered a strong second quarter, posting solid financial results and robust net rooms growth despite ongoing macroeconomic uncertainty, with luxury strength offset by weaker select service demand due to reduced government and business transient travel. Capuano noted that development activity remained strong, with nearly 32,000 rooms signed, over 70% in international markets, and a record pipeline of more than 590,000 rooms at quarter-end. Conversions accounted for about 30% of signings and openings in the first half of the year, and Marriott still expects full-year net rooms growth to approach 5%. He highlighted the launch of Series by Marriott, a new regional brand targeting the midscale and upscale segments, and its founding deal with India's Fern portfolio. Capuano also pointed to the acquisition of lifestyle brand citizenM as a key expansion, positioning Marriott better to serve guests, Bonvoy members, and owners globally. 'Our results in the second quarter underscore the resiliency of our cash-generating, asset-light business model and the strength of our brands,' he said. Outlook Marriott revised its 2025 adjusted EPS outlook to $9.85-$10.08 (prior $9.82-$10.19) versus the $10.06 analyst consensus estimate and gross fee revenue of $5.365 billion-$5.420 billion (prior $5.365 billion-$5.475 billion). The company expects third-quarter adjusted EPS of $2.31-$2.39 against an analyst consensus estimate of $2.48 and gross fee revenue of $1.310 billion-$1.325 billion. Marriott stock declined 8% year-to-date amid macroeconomic uncertainties like labor costs and travel demand fluctuations. Price Action: Marriott shares traded lower by 0.68% to $257.37 at last check Tuesday. Photo via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? MARRIOTT INTERNATIONAL (MAR): Free Stock Analysis Report This article Marriott CEO Highlights Luxury Spend Offset By Economic Uncertainty, Reduced Government And Business Travel originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
Rising Tariffs Undercut Caterpillar's Q2 Performance Even As Order Backlog Swells By $2.5 Billion
Caterpillar Inc. (NYSE:) reported second-quarter 2025 revenue of $16.569 billion, down 1 percent from $16.689 billion a year earlier, beating the analyst consensus of $16.17 billion. The adjusted earnings per share of $4.72 missed the $4.90 estimate. GAAP earnings per share were $4.62, compared with $5.48 in the prior-year period. GAAP operating profit was $2.860 billion, representing a 17.3% margin, a decrease of $622 million, or 18% YoY, compared with $3.482 billion. This was primarily due to unfavorable manufacturing costs, which the company repeatedly said "largely reflected the impact of higher tariffs.". Adjusted operating profit was $2.916 billion, with a 17.6% margin, down from 22.4% a year operating cash flow was $3.1 billion for the quarter. Machinery, Energy & Transportation (ME&T) free cash flow was $1.5 billion. The company ended the quarter with $5.4 billion in enterprise cash. During the period, Caterpillar repurchased $800 million of common stock and paid $700 million in dividends. Construction Industries posted sales of $6.190 billion, down 7% from $6.683 billion a year ago. Segment profit declined 29% to $1.244 billion, and the segment margin fell to 20.1% from 26.1%. Management attributed the margin pressure to unfavorable price realization and "unfavorable manufacturing costs largely reflected the impact of higher tariffs." Resource Industries reported sales of $3.087 billion, a 4% decrease year-over-year. Segment profit fell 25% to $537 million. The company again cited "unfavorable manufacturing costs largely reflected the impact of higher tariffs" as a key driver of the profit decline. View more earnings on CAT Energy & Transportation generated $7.836 billion in sales, up 7% from $7.337 billion in the prior-year quarter. Segment profit rose 4% to $1.585 billion, though the margin declined slightly to 20.2%. Higher manufacturing costs due to tariffs contributed to the margin compression. Financial Products revenue rose 4% to $1.042 billion. Segment profit increased 9% to $248 million, driven by higher average earning assets and gains on equity securities, partially offset by increased provision for credit losses. Geographically, North America sales declined about 2 percent to approximately $8.9 billion, while Latin America revenue fell 4 percent. In contrast, EAME (Europe, Africa, Middle East) posted a 6 percent increase in regional sales, and Asia Pacific posted flat or unchanged revenue versus the prior-year quarter. Caterpillar said the order backlog increased by approximately $2.5 billion during the quarter across all primary segments. Outlook The company expects Q3 2025 incremental tariff costs to range between $400 million and $500 million. For the full year, it estimates net incremental tariff costs of $1.3 billion to $1.5 billion. Caterpillar anticipates full-year sales to be slightly higher than 2024 and expects ME&T free cash flow to be around the middle of its $5 billion to $10 billion targeted range. It reaffirmed that full-year adjusted operating profit margin is expected to be in the top half of the targeted range, excluding tariffs, and in the bottom half, including tariffs. In the conference call, the company stated, "Including the net impact from incremental tariffs, we expect third quarter enterprise adjusted operating profit margin to be lower versus the prior year." Price Action: At the last check on Tuesday, CAT shares were trading higher by 0.21% at $434.63. Read Next:Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? CATERPILLAR (CAT): Free Stock Analysis Report This article Rising Tariffs Undercut Caterpillar's Q2 Performance Even As Order Backlog Swells By $2.5 Billion originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
18 minutes ago
- TechCrunch
WhatsApp adds new features to protect against scams
WhatsApp is introducing new features to help people spot scams on the messaging service, the company announced on Tuesday. The company also said it has taken down over 6.8 million WhatsApp accounts linked to criminal scam centers targeting people around the world. The new features are designed to help detect scams in both group and individual chats on the Meta-owned platform. For group chats, WhatsApp is launching a safety overview feature that will be displayed when someone who isn't in your contact list adds you to a new group that you may not recognize. The safety overview will include key information about the group, alongside tips to stay safe. For example, you will see if the person who added you is one of your contacts, and if any member of the group is a contact of yours. If you decide that you might recognize the group, you can choose to see the chat for more context. Either way, notifications from the chat will be muted until you mark that you want to remain in the group. Image Credits:WhatsApp As for individual chats, WhatsApp notes that scammers might try to start conversations with you elsewhere on the internet before asking to message on private messaging services like WhatsApp. To protect against this tactic, the app is testing new ways to alert people before they start talking to someone who could be trying to scam them. For example, it's working to caution users when they start a chat with someone not in their contacts by showing them additional context about who they're messaging. WhatsApp also shared information about how it worked alongside OpenAI to disrupt scam efforts that were traced back to a scam center in Cambodia. 'These attempts ranged from offering payments for fake likes to enlisting others into a rent-a-scooter pyramid scheme, or luring people to invest in cryptocurrency,' WhatsApp explained in a blog post. 'As OpenAI reported, the scammers used ChatGPT to generate the initial text message containing a link to a WhatsApp chat, and then quickly directed the target to Telegram, where they were assigned a task of liking videos on TikTok. The scammers attempted to build trust in their scheme by sharing how much the target has already 'earned' in theory, before asking them to deposit money into a crypto account as the next task.' WhatsApp says users can protect themselves from scams by taking time before responding to think about whether the message reads like a legitimate task. They should then question if the request makes sense and if they're rushing you into taking action. If they're claiming to be a friend or family member, you should use another method of communication to verify their identity.
