JetBlue Airways Updates Q3 Guidance On Softness In Bookings – Quick Facts

Delta Air Lines Sees Q3 Adj. Revenue At Lower End Of Prior Guidance – Quick Facts

Delta Air Lines, Inc. (DAL) said its third-quarter total adjusted revenue, excluding third-party refinery sales, is now projected to be at the lower end of the prior guidance range as the recent rise in COVID cases is suppressing demand. Non-fuel unit cost is now expected to increase approximately 15 percent from 2019, which is 2.5 points above the midpoint of prior guidance. The company expects to report an adjusted pretax profit in the third quarter.

Delta Air Lines is moderating capacity for the December quarter by 3 to 5 points versus 2019 relative to prior plans.

Quest Diagnostics Raises 2021 Guidance – Quick Facts

Quest Diagnostics Incorporated (DGX) has updated its financial outlook for full year 2021. The company said COVID-19 molecular testing volumes were stronger than expected through the end of August and are anticipated to continue to be stronger than projected because of the surge of the Delta variant.

For full year 2021, adjusted earnings per share now expected to be $11.65-$12.35 compared to the previous outlook of $10.65-$11.35. Revenues are now expected to be $9.84-$10.09 billion compared to the prior outlook of $9.54-$9.79 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $11.38 on revenue of $9.79 billion. Analysts’ estimates typically exclude special items.

For 2021, the company now expects reported earnings per share to be $12.54-$13.24 compared to the previous outlook of $11.48-$12.18. Cash provided by operations are now expected to be at least $2.0 billion compared to the prior outlook of at least $1.9 billion.

European Economics Preview: France Foreign Trade Data Due

Foreign trade data from France and retail sales from Italy are due on Wednesday, headlining a light day for the European economic news.

At 2.45 am ET, foreign trade and current account figures are due from France. The current account deficit is seen widening to EUR 1.4 billion in July from EUR 0.5 billion in June.

At 3.00 am ET, the Hungarian Central Statistical Office releases consumer prices and foreign trade figures. Inflation is forecast to rise to 4.7 percent in August from 4.6 percent in July.

Half an hour later, Statistics Sweden is slated to issue industrial production and new orders for July.

At 4.00 am ET, Italy’s Istat publishes retail sales for July. Sales had increased 0.7 percent on month in June.

Watch Christine Lagarde speak after the ECB announces a slowing of its pandemic-era bond buying

[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.]

European Central Bank President Christine Lagarde is giving a press conference after the bank's latest monetary policy decision.

The ECB kept its monetary policy unchanged on Thursday but opted to slow down the pace of net asset purchases under its pandemic emergency purchase program.

Subscribe to CNBC on YouTube. 

Fox News Goes To Bat For The Unvaccinated Again And Again In Damning Supercut

The lengths that some personalities on Fox News are going to defend people who have not received the COVID-19 vaccine is laid bare in a new montage released by “The Daily Show with Trevor Noah” on Wednesday.

Hosts and guests on the conservative network rail against purported “discrimination against the unvaccinated” in the supercut, fearmongering with language about apartheid, segregation and camps.

It ends with prime-time anchor Tucker Carlson claiming that “medical Jim Crow is coming to America” and that “if we still had water fountains, the unvaccinated would have separate ones.”

Watch the video here:


Oil Edges Higher In Cautious Trade

Oil edged higher in cautious trade Thursday, as a draw in crude inventories and a decline in U.S. Gulf of Mexico output offset concerns over the spread of the Delta variant coronavirus.

Benchmark Brent crude edged up 0.3 percent to 72.79 a barrel, while West Texas Intermediate (WTI) crude futures were up 0.2 percent at $69.44.

Prices remain supported by lower U.S. output because of damage caused by Hurricane Ida.

About 77 percent of U.S. Gulf production remained offline on Tuesday, equating to about 1.4 million barrels per day (bpd).

American Petroleum Institute (API) data showed a smaller than expected decline in crude inventories for the week ended Sept. 3, but gasoline and distillate drawdowns were bigger than expected.

EIA data will be in focus later, after the body released its short-term energy outlook on Wednesday. The report contained slight downward revisions to its global oil demand forecasts for this year and next.

Gold tumbles ₹ 196; silver tanks ₹ 830

Gold in the national capital on Thursday tumbled ₹ 196 to ₹ 45,952 per 10 gram amid muted global trends, according to HDFC Securities.

In the previous trade, the precious metal had closed at ₹ 46,148 per 10 gram.

Silver also declined ₹ 830 to ₹ 62,715 per kg, from ₹ 63,545 per kg in the previous trade.

In the international market, gold was quoting marginally higher at $ 1,793 per ounce and silver was flat at $ 24.05 per ounce.

Navneet Damani, vice-president (commodities research) of Motilal Oswal Financial Services, said, "Gold prices continue to hover below the $ 1,800 level, pressured by a stronger U.S. dollar, and Fed officials comments signaling a tapering action before the end of this year."

JetBlue Airways Updates Q3 Guidance On Softness In Bookings – Quick Facts

JetBlue Airways Corp. (JBLU) said the company now expects revenue to decline between 6% and 9% during the third quarter of 2021, when compared to the third quarter of 2019. The company’s prior planning assumption was a revenue decline of between 4% and 9%. The company now expects EBITDA for the third quarter to range between $75 million to $125 million, compared to prior planning assumption range of $75 million to $175 million.

JetBlue now expects third quarter flown capacity to decline approximately 1%, when compared to the third quarter of 2019. The prior planning assumption for capacity was to be between flat to down 3%.

JetBlue is also seeing the recent bookings softness extend into the fourth quarter trough periods, though it currently expects that leisure demand for peak holiday travel will hold up relatively well.