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4.7 • 1.7K Ratings

🗓️ 4 October 2021

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

Delta Air Lines reinstates their revenue guidance for Q3. Average fares on Uber and Lyft have been going up and aren’t likely to go back down. Jason Moser analyzes those stories and discusses Amazon getting a VERY early jump on its “Black Friday” deals.

Transcript

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0:00.0	It's Monday, October 4th.
0:03.9	Welcome to Marketfoolery.
0:05.3	I'm Chris Hill with me today.
0:06.7	Jason Moser.
0:07.7	Good to see you.
0:08.7	Good to see you.
0:10.2	We've got some retail news to discuss.
0:13.2	We've got a fair amount about the, let's just call it the business of moving people and
0:18.2	we're going to start with Delta.
0:21.0	Delta Airlines reports third quarter results next week.
0:24.4	A month ago they cut revenue guidance for the quarter and today they reinstated the
0:29.6	original guidance.
0:31.6	CEO Ed Bastion said that ticket sales have improved.
0:34.5	They also expect bookings in 2022 to be higher than they were in 2019.
0:43.6	And not the stock is shooting up 5-10% today, but it is ahead of the market in terms of
0:52.5	being down.
0:53.5	It's basically flat for the day on a day when the market is down to 3%.
0:59.1	This is interesting to see in what is a relatively short amount of time Delta coming
1:04.7	out and saying, yeah, no, we're going back to the original numbers.
1:09.3	Yeah, it does feel like it feels like that happened very quickly.
1:14.5	I mean, I certainly give them credit for getting out there and keeping investors up to speed
1:20.6	with what's going on because I think that's the one thing we've learned over the past
	...

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