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☆ Toyota recalls Tundra models in largest recall this year
▼ + stars: | 2023-08-12 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

New York CNN —Toyota has issued a voluntary recall for certain 2022 and 2023 Tundra and Tundra Hybrid trucks in its largest recall of 2023. Owners can visit Toyota.com/recall and enter either their VIN number or license plate information to see whether their car is included in the recall. This is the seventh recall involving the 2022 or 2023 Tundra model. Previous recalls included problems with the car’s electronic parking brake system, loose axle nuts, and a software issue with the vehicle’s rearview camera. The most recent Tundra recall was on July 7.

Organizations: New, New York CNN, Toyota, CNN Locations: New York

☆ Deflation in China is only temporary and inflation will return in the fourth quarter: UBS
▼ + stars: | 2023-08-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDeflation in China is only temporary and inflation will return in the fourth quarter: UBSEva Lee of UBS Global Wealth Management says slow-coming government stimulus will create short-term trading opportunitites in China markets.

Persons: UBS Eva Lee Organizations: UBS, UBS Global Wealth Management Locations: China

☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"

Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru

CNN —More than 1,100 flights have been canceled Monday across the United States – and more than 3,000 delayed – as severe weather threatens many eastern states. As of Monday afternoon, almost 100 outbound flights have been canceled, and more than 250 have been delayed. Nearly 700 Southwest flights have been delayed, according to FlightAware, and more than 180 have been cancelled. Around 120 million people in the Eastern US could be impacted by severe weather Monday. The FAA said today it has limited ability to direct New York flights north through Canadian airspace because of “staffing issues” in Canada.

Persons: New York’s LaGuardia, John F Organizations: CNN, Hartsfield, Jackson, New York’s, Kennedy, Delta Air Lines, Delta, Federal Aviation Administration, FAA Locations: United States, Baltimore’s, Atlanta, Delta, New York, Philadelphia, Washington, D.C, Florida, Canada

☆ Campbell Soup Company buys Sovos Brands, maker of Rao’s for $2.7 billion
▼ + stars: | 2023-08-07 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —Iconic canned soup company Campbell is expanding its reach in the Italian food market. Campbell (CPB) announced Monday that it would acquire Sovos Brands, maker of the popular Italian food brands like Rao’s sauces and Michael Angelo’s frozen entrees, as well as noosa yogurt, in a deal worth $2.7 billion. But Campbell said Rao’s sauces attract a different consumer set than Prego’s. “Rao’s is the premium, market-leading sauce and it strengthens and diversifies our Meals & Beverages portfolio, complementing the core, mainstream portfolio,” the company told CNN. Sovos Brands founder and head Todd Lachman called the acquisition a “momentous occasion.”“We have built a one-of-a-kind, high growth food company focused on taste-led products across a portfolio of premium brands, anchored by the Rao’s brand,” he said in a statement included in Campbell’s news release.

Persons: Campbell, Angelo’s, “ We’re, ”, Mark Clouse, Rao’s, Michael Angelo’s, Todd Lachman Organizations: New, New York CNN, Campbell, Sovos Brands, Beverages, CNN, “ Locations: New York, noosa, “ noosa

☆ Mattel 'Weird Barbie' doll for sale for limited time
▼ + stars: | 2023-08-07 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —Some might say Weird Barbies are made, not sold. Mattel, however, begs to differ. The toy company behind the iconic Barbie brand has announced a signature doll modeled after Kate McKinnon’s character from Greta Gerwig’s blockbuster “Barbie.” In the movie, McKinnon’s character helps send Margot Robbie’s Barbie on her journey. “Barbie” is produced by Warner Bros. Pictures, which is owned by CNN’s parent company Warner Bros. The doll is one of seven products in an expanded collection stemming from the billion-dollar hit movie, including various Barbie and Ken dolls modeling outfits they wore on-screen and a Hot Wheels corvette set.

Persons: Barbie, Kate McKinnon’s, Greta Gerwig’s, ”, Margot Robbie’s Barbie, “ Barbie ”, McKinnon, ” Mattel, Ken, ” Lisa McKnight, “ Barbie Organizations: CNN, Mattel, Warner Bros . Pictures, Warner Bros .

☆ Three-Stock Lunch: Tyson Foods, Campbell Soup and DaVita
▼ + stars: | 2023-08-07 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Tyson Foods, Campbell Soup and DaVitaEva Ados, Eshares COO, joins ‘Power Lunch’ to discuss three stocks: Tyson Foods, Campbell Soup and DaVita.

Persons: Tyson, Campbell, DaVita Eva Ados Organizations: Tyson Foods

☆ ‘Oppenheimer’ surpasses $500 million, sets box office record for highest grossing film set during World War II
▼ + stars: | 2023-08-06 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

New York CNN —On the same day “Barbie” passed its billion-dollar box office milestone, the other half of the viral “Barbenheimer” phenomenon blew past the half-billion-dollar mark. Since its release three weeks ago, Christopher Nolan’s “Oppenheimer” has made $552.9 million worldwide, according to official estimates from Universal Pictures. It is now the highest grossing R-rated movie of 2023, and “marks the fastest a Universal R-rated film has hit the $200 million threshold domestically,” the studio said in a news release Sunday. It’s also the highest grossing movie set during World War II, according to Universal. The box office numbers are impressive for a three-hour biography about J. Robert Oppenheimer, the Manhattan Project physicist.

Persons: Barbie ”, Christopher Nolan’s “ Oppenheimer ”, It’s, “ Oppenheimer ”, ”, Paul Dergarabedian, J, Robert Oppenheimer, “ ‘ Oppenheimer ’ …, ” “ Oppenheimer Organizations: New, New York CNN, Universal Pictures, Universal, Manhattan Project Locations: New York

☆ Elon Musk vs Mark Zuckerberg fight will be streamed on X, according to Musk
▼ + stars: | 2023-08-06 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —The possible showdown between Elon Musk and Mark Zuckerberg will be streamed on X, formerly known as Twitter, according to Musk. In June, the two Big Tech billionaires seemingly agreed to participate in a cage fight. The stakes for the potential fight were raised last month when Zuckerberg’s Meta launched a new Twitter competitor called Threads. Neither Musk nor Zuckerberg has confirmed whether an agreement has been reached on the fight. CNN has reached out to Twitter and Meta for comment but has not received a response.

Persons: Elon Musk, Mark Zuckerberg, ” Musk, Zuckerberg’s Meta, Zuckerberg Organizations: CNN, Elon, Big Tech, Twitter

☆ Fitch US credit downgrade: Former Treasury secretaries react
▼ + stars: | 2023-08-06 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

CNN —The US economy is resilient, but policymakers need to take the long view on the country’s fiscal challenges, three former Treasury secretaries told CNN’s Fareed Zakaria on Sunday. “But it’s in some ways a very important wake-up call.”The downgrade came after a last-minute bipartisan deal in June that suspended the US debt ceiling until early 2025. I strongly disagree with Fitch’s decision, and I believe it is entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday. Meanwhile, the Biden administration is preparing new rules that could restrict investment in certain sectors in China, according to reports. When asked about US-imposed tariffs on China, Paulson said “we are working to close markets at the same time that China is doing business with more and more of the world.”“China is a major, major competitor,” he added.

Persons: CNN’s Fareed Zakaria, ” “, ”, Henry Paulson, George W, Bush, Janet Yellen, Paulson, “, ” Timothy Geithner, Geithner, ’, ” Robert Rubin, Bill Clinton, Zakaria, Biden, –, Jennifer Hansler, Gan, Juliana Liu Organizations: CNN, Fitch, AAA, Treasury Department, Capitol, Poor’s Locations: United States, China

☆ 'Barbie' makes history with $1 billion box office
▼ + stars: | 2023-08-06 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

New York CNN —“Barbie” has answered the billion-dollar question with a resounding “yes.” Barely three weeks into its run, writer-director Greta Gerwig’s blockbuster has raked in an astounding $1.03 billion at the global box office, according to official Warner Bros. estimates. He added the movie’s marketing campaign was the first hint “Barbie” would be a box office smash. “Barbie” was distributed by Warner Bros., which is owned by CNN’s parent company Warner Bros. Its global success was driven by box office sales in some of the world’s largest movie markets, including the United Kingdom, Mexico and Australia. 1 release in these markets every weekend since its release, according to tracking site Box Office Mojo.

Persons: New York CNN — “ Barbie ”, Greta Gerwig’s, Barbie ”, “ I’ve, Barbie, ”, Paul Dergarabedian, Dergarabedian, ‘ Barbie ’, ‘ Oppenheimer, ’, Margot Robbie —, —, “ Barbie ”, “, Barbie ’, Michael Berry, Berry, Barbie haters, it’s, BoxOffice, Shawn Robbins Organizations: New, New York CNN, Warner Bros, Comscore, Collider, Warner Bros ., UCLA’s Center, Chinese Studies, BoxOffice Pro Locations: New York, United Kingdom, Mexico, Australia, China, United States

☆ Berkshire Hathaway swings to a profit, boosted by massive investment gains
▼ + stars: | 2023-08-05 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

Operating earnings totaled $10 billion in the second quarter, a 6.6% gain from the same period last year. Insurance underwriting and higher investment income helped boost Berkshire’s operating profits. The company posted net income of $35.9 billion after a loss of $43.6 billion in the second quarter of 2022. Berkshire posed $25.9 billion in investment gains last quarter, marking a significant turnaround from a year earlier, when its investments lost $53 billion in the second quarter alone. Insurance investment income increased to $2.3 billion from $1.9 billion this time last year.

Persons: Berkshire Hathaway, Warren Buffett Organizations: New, New York CNN, Berkshire, BNSF Locations: New York, Berkshire, United States, BHE

Eva Marie Uzcategui | Bloomberg | Getty ImagesIt's not your imagination: Companies are getting stingier with customer rewards. Raising the barSome of the biggest shifts in customer perks have come in the airline industry. At many retailers, customers must now pay a return fee if they want to ship back unwanted clothing, shoes or other items. "To drive that online demand, free shipping and free returns were put in place, but now we all know it costs significant money," he said. Both companies aim to make sure membership isn't shared with people who aren't paying, particularly as the companies chase new avenues of growth.

Persons: Eva Marie Uzcategui, Dunkin, Cowen, David Garfield, Yuping Liu, Stephanie Keith, Marshal Cohen, Circana, Nordstrom, Christopher Dilts, Kohl's, Macy's, they're, Amit Sharma, Heidi Isern, Levi Strauss, Ann Taylor, Crocs, Brooks, reining Organizations: Brickell City Centre, Bloomberg, Getty, Retailers, Ross, uptick, American Airlines, Delta Air Lines, United Airlines, Old Dominion, Strome School of Business, LaGuardia, American Express, American, IRI, NPD, Urban Outfitters, Abercrombie, Fitch, Nordstrom, Amazon, Foods, Netflix, Costco Locations: Brickell, Miami , Florida, Queens, New York, Delta, Schaumburg , Illinois

☆ Fact Check-Gemini 9 space mission simulation taken as genuine
▼ + stars: | 2023-08-02 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A simulation of a spacewalk on the Gemini 9 mission aired by CBS in 1966 has been shared on social media as if it were real. The clip on social media is visible around 48:18 minutes. The segment is clearly labeled a spacewalk simulation. The broadcast, hosted by Walter Cronkite, labels the video a “McDonnell simulation” at 48:10. Read more about our work to fact-check social media posts ( here ).

Persons: Eva, ”, Tom Stafford, Gene Cernan, Walter Cronkite, McDonnell, Read Organizations: CBS, National Aeronautics and Space Administration, NASA, McDonnell Aircraft Corporation, Gemini, Reuters Locations: St Louis

☆ Stocks are having their best run since 2021. Can they beat the August doldrums?
▼ + stars: | 2023-08-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

On average, August has been the worst performing month for stocks since 1986, according to Morningstar. That means the dwindling number of traders who remain must take extra care in a such a potentially volatile environment. 99-year-old trucking company Yellow shuts downYellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers, reports my colleague Chris Isidore. He said the company began taking on significant amount of debt 20 years ago in order to acquire other trucking companies. “Now their debt service is just enormous,” he said, pointing to $1.5 billion in debt on its books.

Persons: Morningstar, It’s, it’s, ”, Michael Landsberg, Landsberg, “, ” Jackson, Jerome Powell, Barbie, Barbie ”, “ Oppenheimer, Eva Rothenberg, “ Barbenheimer ”, “ Barbie, Chris Isidore, Satish Jindel, Tom Nightingale, Read Organizations: CNN Business, Bell, New York CNN, Nasdaq, Apple, Landsberg Bennett, Wealth Management, Federal Reserve Bank of Kansas, Fed, Dow, AMC, Oppenheimer AMC Theaters, CNN, Warner Bros, Corp, Teamsters, AFS Logistics, “ Locations: New York, Jackson Hole , Wyoming, Washington, Nashville , Tennessee

☆ UK's Metro Bank posts first-half profit on tight cost controls, rate hikes
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: +1 min

Signage is seen outside of a Metro Bank in London, Britain, May 22, 2019. REUTERS/Hannah McKayAug 1 (Reuters) - Metro Bank Holdings (MTRO.L) on Tuesday reported a first-half profit compared with a year-ago loss, helped by the British mid-sized lender keeping a tight rein on costs and benefiting from interest rate hikes. Bank profits have been lifted by successive rate increases by the Bank of England, enabling lenders to make more money on borrowing despite the threat to the economy posed by rampant inflation. The bank posted an underlying pre-tax profit of 16.1 million pounds ($20.65 million) for the six months ended June 30, compared with a loss of 48 million pounds a year earlier. Metro Bank, which was set up more than a decade back to challenge the dominance of mainstream lenders, reported total deposits of 15.53 billion pounds, down from 16.01 billion pounds as on Dec. 31.

Persons: Hannah McKay, Eva Mathews, Rashmi Organizations: Metro Bank, REUTERS, Metro Bank Holdings, Bank of England, Thomson Locations: London, Britain, British, Bengaluru

☆ AMC has best week in ticket sales led by Barbie and Oppenheimer box office wins
▼ + stars: | 2023-07-31 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —AMC Theaters (AMC) hit a revenue record last week, driven by the overwhelming success of the “Barbenheimer” pop culture craze. AMC attributed this 103-year high to the incredible opening weekend of both “Barbie” and “Oppenheimer,” as well as the strong momentum that continued to carry them along. “Barbenheimer” had tremendous staying power in its second weekend in theaters, with “Barbie” grossing $93 million and “Oppenheimer” almost $47 million, according to official studio numbers. It reported that 65 AMC locations across 19 states and Washington, DC, set their own box office records this week as well. In its opening weekend, Greta Gerwig’s “Barbie” had raked in a stunning $162 million domestically in its first weekend, giving the film the biggest opening weekend of 2023 and the largest-ever debut for a female director.

Persons: Barbie ”, “ Oppenheimer, ”, Barbenheimer ”, “ Barbie, Greta Gerwig’s “ Barbie ”, “ Oppenheimer ”, Barbie, Ramishah Maruf Organizations: CNN, AMC, Warner Bros Locations: Washington

☆ How lip fillers and laser hair removal are plumping up private equity
▼ + stars: | 2023-07-31 | by ( Rebecca Ungarino | ) www.businessinsider.com time to read: +8 min

Sixth Street, Blackstone, and Ares have backed providers of treatments like laser hair removal. Laser hair removal, body contouring, filler injections — it's not just TikTok and Instagram where people are talking about their latest treatments. The space is another consumer-focused vertical, like dentistry and dermatology, that private equity firms, big and small, are aggressively pushing into. Christian Karavolas, who owns laser hair removal specialist Romeo & Juliette in New York City, said he's turned away offers by private equity investors. Laser hair removal, for instance, isn't considered a medical procedure in every state.

Persons: Ares, It's, Levine, Leonard Green, Blackstone, Levine Leichtman, Christian Karavolas, Juliette, he's, Karavolas, Alex Thiersch, Thiersch, Chanel, Dior, David Yurman, Louis Vuitton, isn't, Sevana Petrosian, Eva Longoria Bastón, SEV, Andrew Schwartz, Schwartz, Heravi Organizations: Sixth, Blackstone, Levine Leichtman Capital Partners, Leonard Green & Partners, Boston Consulting, Industry, KKR, SkinSpirit, Walmart, ORIX Venture Finance, TPG, General Atlantic, Wax Center, Med Spa Association, Getty, Consumers Locations: Blackstone, Milan, LaserAway, California, New York City, H.I.G, Manhattan, Burbank , California

☆ Elon Musk reactivates Kanye West’s Twitter account following X rebrand
▼ + stars: | 2023-07-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —X, formerly known as Twitter, has reinstated Kanye West’s account on the social media platform. West will not be able to monetize his account, and no ads will appear next to his posts, the company told the Wall Street Journal on Saturday. The musician’s account was suspended in December for violating the platform’s rules on inciting violence. It’s not clear whether West submitted an appeal, or if something else prompted his account’s reactivation. CNN has reached out to Twitter and a representative for West but has not received a response.

Persons: Kanye, West –, Ye, West, David, Elon Musk, ”, Musk, It’s Organizations: CNN, Wall, Adidas, Twitter, West

☆ ‘Barbenheimer’ box office success has reawakened America’s moviegoing muscle
▼ + stars: | 2023-07-30 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +4 min

CNN —It’s a tale of two movies and a box office triumph: “Barbie” and “Oppenheimer” maintained incredible momentum into their second weekends. It is the largest domestic second weekend performance ever for Warner Bros., which produced the movie. Crucially, these numbers reflect that not only is there high energy and excitement for movies, but an appetite for the movie theater experience. People dress up as the doll Barbie to attend the Barbie movie on July 21, 2023 in New York City. “You have to go into the theater to experience it.”Repeat viewings are also fueling box office earnings.

Persons: CNN —, “ Barbie ”, “ Oppenheimer ”, Barbie ”, Oppenheimer, Barbie, Stephanie Keith, Barbenheimer, it’s, ”, Michael O’Leary, “ Oppenheimer, O’Leary, “, they've, Instagram O’Leary, there’s, Paul Dergarabedian, Eric Thayer, Shawn Robbins Organizations: CNN, Warner Bros, Warner Bros ., National Association of Theater Owners, B Theaters, Hollywood, B, “, Guild of America, SAG, Comscore, ”, Screen, Fox Studios, Bloomberg, Getty, Boxoffice Pro Locations: New York City, United States, Los Angeles

☆ Analysis: Why Republicans can't get out of their climate bind, even as extreme heat overwhelms the US
▼ + stars: | 2023-07-30 | by ( Ella Nilsen | ) edition.cnn.com time to read: +9 min

“We need to be talking about this,” Rep. John Curtis, a Republican from Utah and chair of the House’s Conservative Climate Caucus, told CNN. “The good news is Republicans are stopping arguing with thermometers,” Inglis told CNN. “I think the evidence so far is that the West is getting drier and hotter,” Romney told CNN. He later told CNN the GOP is “way behind” on climate and there’s been “too little” progress on the party’s stances. “I think we’d get a lot more done with a Democratic House, a Democratic president and continuing to have a Democratic Senate,” Schumer told CNN.

Persons: they’re, Donald Trump, Trump, it’s, ” Sen, Mitt Romney, “, Donald Trump’s, ”, ” Rep, John Curtis, Bob Inglis, ” Inglis, Romney, Curtis, ” Romney, Sen, Francis Chung, Mead, ‘, ’, Curtis ’, Kevin McCarthy, Eva Marie Uzcategui, Chuck Schumer, ” Schumer, “ Regrettably, ” Edward Maibach, “ Donald Trump’s, Inglis, “ That’s Organizations: CNN, GOP, ”, Republican, Conservative Climate Caucus, Republicans, South Carolina Rep, AP, Democrats, Senate, Rep, Utah Republican, Bloomberg, New York, Democratic, Democratic Senate, Republican House, Senate Super, Representatives, Trump, George Mason University, Yale University Locations: Utah, Arizona, AP Utah, Powell, Salt, Curtis, Curtis ’ Utah, Ohio, New, ”, America

☆ Trader Joe's recalls broccoli cheddar soup and falafel, says food may contain rock
▼ + stars: | 2023-07-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: 1 min

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☆ ‘Barbenheimer’ had incredible box office momentum in its first week
▼ + stars: | 2023-07-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +2 min

CNN —It was an explosive week for “Barbenheimer,” with the atomic bomb and the atomic blond working hand in plastic hand to deliver box office dynamite. Greta Gerwig’s dazzling doll surpassed a quarter of a billion dollars, with a stunning $258 million, according to Warner Bros., which produced the movie. (CNN and Warner Bros. are both owned by Warner Bros. Observers say both films are defying box office gravity, even after a blowout opening weekend. “Movies tend to drop of significantly midweek once that opening weekend interest is satisfied.

Persons: “, Barbie ”, “ Oppenheimer, Greta, Christopher Nolan’s, ”, Paul Dergarabedian, “ Barbie ” Organizations: CNN, Warner Bros, Warner Bros ., Observers, Boxoffice, Google, Apple

☆ Subway is offering free sandwiches for life if you change your name
▼ + stars: | 2023-07-29 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +1 min

CNN —If you love sandwiches and aren’t all that keen on your name, Subway has an offer for you. This week, the fast food chain announced that one lucky customer who legally changes their first name to “Subway” will be rewarded with free “Deli Hero” subs for life. As the sandwich chain terms it, Subway is putting out a call for “superfans.”“In 2022, one superfan camped out for two days to get a footlong tattoo of the Subway Series logo in exchange for free Subway for life,” Subway said in announcing the contest. Earlier this month, Subway debuted a new sandwich featuring cold cuts that are sliced on-site at restaurants rather than pre-portioned. Since debuting the new sandwich, Subway says it has sold more than two million Deli Heroes.

Persons: ” “, superfan Organizations: CNN, ”, Subway Locations: SubwayNameChange.com

☆ Airlines report soaring profits amid travel demands
▼ + stars: | 2023-07-28 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

CNN —International airlines have reported significant profits this year, boosted by strong demand for leisure travel – and events, such as the World Cup, which gave Qatar Airlines an enormous lift. On Thursday, International Airlines Group, which includes Aer Lingus and British Airways, announced a record profit of about $1.4 billion for the first half of the year. “Customer demand remains strong across the Group, particularly for leisure travel, with around 80% of passenger revenue for the third quarter already booked. Qatar Airways reported a $1.2 billion profit for the past fiscal year, ascribing its strong performance to December’s FIFA World Cup. In its report, Qatar Airways said that, throughout the 2022 World Cup, the company operated around 140,000 flights to bring more than 1.4 million people to Qatar.

Persons: Luis Gallego, Benjamin Smith, Akbar Al Baker, Michael O’Leary, – CNN’s Mostafa Salem, Pierre Meilhan Organizations: CNN — International, Qatar, International Airlines Group, Aer Lingus, British Airways, KLM Group, Amsterdam Schiphol Airport, Olympic, Paralympic Games, Air, Qatar Airways, KLM, FIFA, Ryanair, Europe’s Locations: AirFrance, Amsterdam, France, Air France, Qatar

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