Southwest Airlines (NYSE:LUV) ：currently expects to report a net loss in fourth quarter 2022

/ / Consumer Discretionary /

Southwest Airlines Co. (NYSE:LUV) issued an announcement saying: The Company canceled more than 16,700 flights from December 21, 2022 through December 31, 2022. The Company’s preliminary estimate of fourth quarter 2022 available seat miles (capacity) is a decline of approximately 6 percent, as compared with fourth quarter 2019, which is roughly 4 points lower than previous guidance. As a result of the operational disruptions, the Company currently expects to report a net loss in fourth quarter 2022, driven by a preliminary estimated fourth quarter 2022 pre-tax negative impact in the range of $725 million to $825 million. A significant portion of this impact is from an estimated revenue loss in the range of $400 million to $425 million. The remaining impact relates to an estimated net increase in operating expenses, primarily due to estimated travel expense reimbursements to Customers, the estimated value of Rapid Rewards® points offered as a gesture of goodwill […]

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Shell Plc (NYSE:SHEL) expects to pay about $2 billion in windfall profits taxes to the EU and the UK in the fourth quarter

/ / Energy /

Shell Plc (NYSE:SHEL) The Q4’22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy is expected to be around $2 billion. These impacts will be reported as identified items and therefore will not impact Q4’22 Adjusted Earnings and will have limited cash impact in Q4’22 given the expected timing of payments.

Shell Plc (NYSE:SHEL) expects to pay about $2 billion in windfall profits taxes to the EU and the UK in the fourth quarter Read Post »

Qualcomm (NASDAQ:QCOM) launches the world’s first satellite-based two-way messaging solution

/ / Technology /

On January 6, Qualcomm(NASDAQ:QCOM)  announced the launch of Snapdragon Satellite, the world’s first satellite-based solution that provides two-way messaging for flagship smartphones, during CES 2023. Qualcomm said that Snapdragon Satellite will be the first to be applied to terminals equipped with the second-generation Snapdragon 8 flagship mobile platform. The emergency messaging feature supported by Snapdragon Satellite is expected to be available on next-generation smartphones, with rollouts starting in some regions in the second half of 2023.

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McDonald’s (NYSE:MCD) Japan will raise prices for some products from January

/ / Consumer Discretionary /

McDonald’s (NYSE:MCD) Japan will raise prices for some products from January. Japan’s McDonald’s said on Friday it would raise prices for about 80 percent of its menu from Jan. 16 due to currency fluctuations and soaring costs of raw materials, labor, transportation and energy.

McDonald’s (NYSE:MCD) Japan will raise prices for some products from January Read Post »

Qualcomm and Salesforce have partnered to create a new platform for automakers for connected cars

/ / Technology / ,

American chip designer Qualcomm (NASDAQ:QCOM) and cloud software company Salesforce (NYSE:CRM) said Thursday that the two companies plan to develop a new connected car platform for automakers. The car platform for internet access will purportedly use Qualcomm’s Snapdragon digital chassis and Salesforce’s cloud services to help automakers personalize user experiences using real-time data.

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Strategy Analytics: Qualcomm’s automotive revenue reached approximately $1.5 billion in 2022

/ / Technology / ,

Strategy Analytics, a market research and consulting organization, released a report pointing out that the automotive field is one of Qualcomm’s fastest growing businesses. Qualcomm reached approximately $1.5 billion in automotive revenue in calendar year 2022, accounting for about a quarter of the total revenue in the field. By 2031, automotive revenue will grow at a CAGR of 25% to more than $9 billion.

Strategy Analytics: Qualcomm’s automotive revenue reached approximately $1.5 billion in 2022 Read Post »

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