- Airbus SE (OTC:EADSY) is in talks with Delta Air Lines, Inc. (NYSE:DAL) to expand the U.S. carrier’s existing order for A220 small jetliners, Reuters reported, citing two sources familiar with the matter.
- The deal for a top-up order of around a dozen aircraft is expected to be signed next week at the Farnborough Airshow.
- DAL is also expected to finalize an order for at least 100 Boeing Co (NYSE:BA) 737 MAX airliners.
- Delta has ordered 95 Canadian-designed A220s, of which it has taken delivery of 56.
- Price Action: EADSY shares closed higher by 3.62% at $25.03 on Tuesday. DAL shares are trading lower by 3.89% at $29.88, and BA up by 0.014% at $147.17 during the pre-market session on Wednesday.
- Photo Via Wikimedia Commons
Ciena Reports Stronger-Than-Expected Q2 Results, CEO Highlights Bandwidth Demand Growth
Ciena reported Q2 2024 revenue of $910.80M, beating analyst estimate of $894.94M. Adjusted EPS of $0.27 beat estimate of $0.15. Total Networking Platforms revenue declined 26.1% while Total Global Services increased 5.4%. Adjusted margins declined. CEO focused on expanding market leadership in optical. Cash and equivalents of $1.42B.
