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Yahoo
13-03-2025
- Business
- Yahoo
Plug to Present at the 2025 J.P. Morgan Industrials Conference
SLINGERLANDS, N.Y., March 13, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced that it will be featured as a presenting company at the 2025 J.P. Morgan Industrials Conference in New York. Sanjay Shrestha, President is scheduled to present on Thursday March 13, 2025 at 11:15 - 11:50 AM EST. A live audio webcast of the presentation will be available at beginning at 11:15 AM EST on March 13, 2025 and will be posted on the Investor Resources section of the Company's website at About Plug Plug is building the global hydrogen economy with a fully integrated ecosystem spanning production, storage, delivery, and power generation. A first mover in the industry, Plug provides electrolyzers, liquid hydrogen, fuel cell systems, storage tanks, and fueling infrastructure to industries such as material handling, industrial applications and energy producers—advancing energy independence and decarbonization at scale. With electrolyzers deployed across five continents, Plug leads in hydrogen production, delivering large-scale projects that redefine industrial power. The company has deployed over 70,000 fuel cell systems and 250 fueling stations and is the largest user of liquid hydrogen. Plug is rapidly expanding its generation network to ensure reliable, domestically produced supply, with hydrogen plants currently operational in Georgia, Tennessee, and Louisiana, producing 39 tons per day. With employees and state-of-the-art manufacturing facilities across the globe, Plug powers global leaders like Walmart, Amazon, Home Depot, BMW, and BP. For more information, visit Plug Media Contact Fatimah Nouilati Allison PlugPR@ in to access your portfolio
New York Times
11-03-2025
- Business
- New York Times
Delta, Southwest, American Airlines Cut Forecasts, an Early Alarm About Consumer Spending
Airlines flashed an early-warning signal on Tuesday, suggesting that consumers and businesses were starting to get nervous amid wider economic and political uncertainty. Several carriers cut their financial forecasts for the first few months of the year, saying that revenue would be weaker than expected. They pointed to a number of reasons: bad weather, high-profile plane crashes, and less spending by consumers, businesses and the federal government. 'We just went through a little bit of a parade of horribles,' Ed Bastian, the chief executive of Delta Air Lines, said at the J.P. Morgan Industrials Conference on Tuesday morning. Delta, Southwest Airlines and American Airlines all downgraded their revenue forecasts for the first quarter compared with earlier projections. Those revised projections suggest that uncertainty and flagging economic confidence have started to take a toll on travel, which can be an early indicator for other industries. But the news was not all bad. Airlines still expect revenue in the first quarter to be about the same, if not higher, than in the same period last year. And most are optimistic about the rest of 2025. The softening travel spending also appeared to be limited, for now, to flights within the United States and to lower-priced fares, according to Delta and United Airlines. Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times. Thank you for your patience while we verify access. Already a subscriber? Log in. Want all of The Times? Subscribe.
Yahoo
11-03-2025
- Business
- Yahoo
'Big Three' US airline stocks tumble as forecast cuts spook investors
By Shivansh Tiwary (Reuters) -Shares of the "Big Three" U.S. carriers slumped in premarket trading on Tuesday after disappointing forecast adjustments from Delta Air Lines (DAL) and American Airlines (AAL) sparked concerns about the impact of a slowing economy on travel demand. Delta Air Lines fell 6.4% in premarket trading after the legacy carrier slashed its first-quarter profit forecast, while American Airlines lost 3% following expectations of a wider loss. Peer United Airlines (UAL) was also down 3%. The sector-wide slump followed a broad market selloff on Monday after tariff jitters and worries of a potential federal government shutdown ignited fears that the U.S. economy could be headed towards a recession. U.S. President Donald Trump's tariffs have raised concerns about an economic slowdown and reduced discretionary spending, prompting travelers to exercise caution when planning trips. The abrupt shift comes as a setback for big U.S. carriers, which just two months ago were benefiting from strong travel demand and high pricing across their networks. Major U.S. airlines are set to speak at the Industrials Conference on Tuesday and are expected to provide insight on the new demand environment and update their expectations for the current quarter. Budget carrier Southwest Airlines also cut its forecast for unit revenue growth in the first quarter. Citi analyst Stephen Trent said Delta's forecast cut was disappointing, but not entirely unexpected. "Concerns about US consumer strength, possible DOGE impacts on governmental air travel demand and Federal Aviation Administration (FAA) staffing, US government tariff uncertainties and several high-profile aviation incidents across North America have all occurred since late January," Trent said in a note. American now expects a first-quarter adjusted loss in the range of 60 cents to 80 cents per share, compared with its previous forecast for a loss of about 20 cents to 40 cents per share. Delta had said on Monday it expects profit in the range of 30 cents to 50 cents per share, compared with its previous estimate of 70 cents to $1 per share. Sign in to access your portfolio
Yahoo
11-03-2025
- Business
- Yahoo
Delta Shares Fall 10% After Q1 Forecast Cut Amid Sluggish Demand
Delta Air Lines (DAL, Financial) shares plunged more than 10% in pre-market trading Tuesday after the carrier slashed its Q1 guidance ahead of its appearance at the J.P. Morgan Industrials Conference. Warning! GuruFocus has detected 4 Warning Sign with DAL. The airline now expects Q1 revenue growth of 3% to 4% year-over-year, a significant downgrade from its previous forecast of 7% to 9%. Company officials cited weakening consumer and corporate confidence amid escalating macroeconomic uncertainties, which have softened domestic demand. Revenues from premium, international, and loyalty segments remain on track despite the broader slowdown. However, Delta cut its Q1 EPS guidance to a range of $0.30 to $0.50, well below the earlier projection of $0.70 to $1.00 and the $0.83 consensus. The operating margin outlook was trimmed to 4%-5%, down from 6%-8%. Analysts say these revisions reflect caution amid persistent inflation and supply chain challenges. This article first appeared on GuruFocus.
Yahoo
11-03-2025
- Business
- Yahoo
US airline stocks tumble as forecast cuts from carriers spook investors
(Reuters) -Major U.S. airline stocks fell sharply in premarket trading on Tuesday after Delta Air Lines and budget carrier Southwest Airlines slashed their first-quarter forecasts, stoking concerns about the impact of a slowing economy on travel demand. Delta Air Lines slumped 11% in premarket trading after the legacy carrier slashed its first-quarter profit forecast, while peers United Airlines and American Airlines were down 8% and 7%, respectively. The sector-wide slump followed a broad market selloff on Monday after worries of a potential federal government shutdown and tariff jitters ignited fears that the U.S. economy could be heading towards a recession. Southwest Airlines also fell 3% after it cut its expectations for unit revenue growth on Tuesday. The carrier now expects its revenue per available seat mile (unit revenue), a proxy for pricing power, to grow between 2% and 4% during the first quarter, compared with its prior range of a 5% to 7% increase. U.S. President Donald Trump's tariffs have raised concerns about an economic slowdown and reduced discretionary spending, prompting travelers to exercise caution when planning trips. The abrupt shift comes as a setback for big U.S. carriers, which just two months ago were benefiting from strong travel demand and high pricing across their networks. Major U.S. airlines are set to speak at the Industrials Conference on Tuesday and are expected to provide insight on the new demand environment and any updates to their expectations for the current quarter. Citi analyst Stephen Trent said Delta's forecast cut was disappointing, but not entirely unexpected. "Concerns about US consumer strength, possible DOGE impacts on governmental air travel demand and Federal Aviation Administration (FAA) staffing, US government tariff uncertainties and several high-profile aviation incidents across North America have all occurred since late January," Trent said in a note. Delta said on Monday it expects profit in the range of 30 cents to 50 cents per share, compared with its previous estimate of 70 cents to $1 per share. Sign in to access your portfolio
