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Bigger rivals Delta Air Lines Inc (DAL.N) and American Airlines Group Inc (AAL.O) have both cut their full-year earnings forecasts in light of rising oil prices. The Chicago-based carrier cut its plans for capacity growth for the year to a rate of between 4.5 percent and 5 percent, a company spokesman said. It had previously forecast a range of between 4.5 percent and 5.5 percent. The company said net income fell to $684 million, or $2.48 per share, in the quarter ended June 30 from $821 million, or $2.67 per share, a year earlier, hit by an already-flagged $105 million write-down of the value of its Brazil routes.

On an adjusted basis, the airline earned $3.23 per share, beating analysts’ estimates of $3.07, according to Thomson Reuters northwestern university sterling silver cufflinks I/B/E/S, Total operating revenue rose 7.7 percent to $10.78 billion, while average fares rose 1.5 percent, Fuel costs, which accounted for a quarter of United’s total costs, surged 43.2 percent, reflecting a steep rise in crude oil prices since early 2016, United said it paid $2.26 per gallon for aircraft fuel on average, up from $1.63 a year earlier, Shares of the airline have risen 7.7 percent this year, compared with a 13.9 percent fall in the S&P 500 Airlines index .SPLRCAIR..

SAN FRANCISCO (Reuters) -’s (AMZN.O) stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple (AAPL.O) as Wall Street’s most valuable jewel. After Jeff Bezos founded the online book-selling company in his garage in 1994, Amazon survived the dot-com crisis and then expanded across the retail industry, altering how consumers buy products and setting off a Darwinian struggle among brick-and-mortar stores.

After announcing on Wednesday that it sold more than $100 million products during its annual Prime Day sale, the Seattle, Washington company’s stock briefly touched $1,858.88, giving Amazon a stock market value of $902 billion, It later reversed, trading down 0.16 percent for the session, Amazon’s stock has surged more than 57 percent in 2018, bringing its increase to over 123,000 percent since it listed on the Nasdaq in 1997, An investor who bought 1 share of Amazon for $18 in the IPO would now have an investment worth more than $22,200, northwestern university sterling silver cufflinks including three stock splits in the 1990s..

Amazon, video streaming service Netflix (NFLX.O) and a handful of heavyweight technology companies have fueled Wall Street’s rally in recent years and they remain key parts of portfolio managers’ portfolios. Apple replaced Exxon Mobil (XOM.N) in late 2011 as the U.S. company with the largest stock market value. The Silicon Valley company’s shares have risen 12 percent in 2018, bringing its stock market value to $935 billion. To view a graphic on Amazon catching up with Apple, click:

The calculations for Apple and Amazon’s market capitalizations are based on the number of shares outstanding in their March-quarter reports, Amazon has increased its share count by over 1 million shares per quarter in recent years, and if it continued that in the June quarter, its stock market value may already have exceeded $900 billion, Amazon reports its results on July 26 and Apple, which has been reducing its share count through buybacks, reports its June-quarter results on July 31, As Amazon expands into northwestern university sterling silver cufflinks grocery retail through its acquisition of Whole Foods Market last year, and as more businesses move their IT departments onto the cloud, its stock price has been red hot, recently trading at 111 times expected earnings, compared to more-profitable - but slower growing - Apple’s valuation of 15 times earnings..

FARNBOROUGH, England (Reuters) - The Farnborough Airshow is typically one of the world’s most publicity-focused business events, with plane giants and airline bosses battling to win headlines for deals signed under the roar of stealth fighter displays. Not so this week, when Airbus and Boeing announced almost 300 orders from unnamed buyers, reversing the PR rulebook. Airbus led the anonymous jetliner haul with almost 200 orders worth $24 billion at list prices, while Boeing said it had signed provisional deals with four unnamed customers for a total of 94 planes worth almost $11 billion at catalog prices.

Airbus declined to discuss the identity of the buyers, but industry sources said its list was dominated by Chinese-related leasing companies, Chief Commercial Officer Eric Schulz linked the reticence to global trade tensions, telling analysts some Asian customers had asked Airbus not to fan growing disputes, “Undisclosed or disclosed, either way the order is there,” northwestern university sterling silver cufflinks he said, “If that is enough to make airline customers want anonymity, what might they do if the trade disputes were to escalate?,” Jefferies analyst Sandy Morris commented in a note..

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