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Intl Cons Airlines Group (OTC:ICAGY) Stock, Chaîne d'Options

Intl Cons Airlines Group

International Consolidated Airlines Group SA is a European airline group flying under the British Airways, Iberia, Aer Lingus, and Vueling brands. The group's main airport hubs are London Heathrow, London Gatwick, Madrid, Barcelona, and Dublin. Geographically, it derives a majority of its revenue from the United Kingdom. The group has determined its operating segments as British Airways, Iberia, Vueling, Aer Lingus and IAG Loyalty.

INTL CONSL AIRLNS S/ADR by International Consolidated Airlines Group SA

International Consolidated Airlines Group SA

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) reported quarterly earnings of $0.05 per share which beat the analyst consensus estimate of $(0.01) by 600 percent. This is a 225 percent increase over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $7.41 billion which beat the analyst consensus estimate of $6.87 billion by 7.83 percent. This is a 6.10 percent increase over sales of $6.98 billion the same period last year.

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Internationalnsolidated Airlines Group Sponsored American Depository Receipt

ICAGY

Intl Cons Airlines Group Q1 Adj. EPS $0.05 Beats $(0.01) Estimate, Sales $7.41B Beat $6.87B Estimate

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.17 by 64.71 percent. This is a 33.33 percent increase over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $8.59 billion which beat the analyst consensus estimate of $7.65 billion by 12.30 percent. This is a 10.44 percent increase over sales of $7.78 billion the same period last year.

Intl Cons Airlines Group Q4 Adj EPS $0.28 Beats $0.17 Estimate, Sales $8.59B Beat $7.65B Estimate

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) reported quarterly earnings of $0.62 per share which beat the analyst consensus estimate of $0.55 by 12.73 percent. This is a 23.51 percent increase over earnings of $0.50 per share from the same period last year. The company reported quarterly sales of $10.25 billion which beat the analyst consensus estimate of $9.98 billion by 2.74 percent. This is a 8.95 percent increase over sales of $9.41 billion the same period last year.

Intl Cons Airlines Group Q3 EPS $0.62 Beats $0.55 Estimate, Sales $10.25B Beat $9.98B Estimate

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Intl Cons Airlines Group to report an earnings per share (EPS) of $0.56.
Anticipation surrounds Intl Cons Airlines Group's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
<h3>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS missed by $0.05, leading to a 0.0% drop in the share price on the subsequent day.
Here's a look at Intl Cons Airlines Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>-0.03</td>
<td>0.12</td>
<td>0.390</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.30</td>
<td>-0.04</td>
<td>0.21</td>
<td>0.502</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>0.0%</td>
<td>-1.0%</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730988294_0.png" alt="eps graph" />
<h3>Tracking Intl Cons Airlines Group's Stock Performance</h3>
Shares of Intl Cons Airlines Group were trading at $5.66 as of November 05. Over the last 52-week period, shares are up 53.8%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/ICAGY/earnings">To track all earnings releases for Intl Cons Airlines Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Preview: Intl Cons Airlines Group's Earnings

The European Union has expressed concerns over the potential anti-competitive effects of the&nbsp;International Consolidated Airlines Group&#8217;s&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) planned acquisition of Air Europa, valued at approximately $427.7 million.&nbsp;
The acquisition aims to enhance IAG&#8217;s&nbsp;presence in the&nbsp;Spanish and Latin American&nbsp;markets.
Late on Friday, the European Commission expressed concerns that the merger between International Consolidated Airlines Group and Air Europa might&nbsp;result in increased prices and reduced&nbsp;service quality for air travelers, particularly on routes within and to and from Spain.
The preliminary findings of the Commission&#8217;s investigation indicate that the consolidation could substantially restrict competition in the passenger air transport market, potentially leading to higher costs and diminished service quality for consumers following the transaction.
In response to these concerns, the European Commission&nbsp;has issued a&nbsp;<a target="_blank" href="https://ec.europa.eu/commission/presscorner/detail/sw/ip_24_2306" rel="noreferrer noopener">formal&nbsp;</a>statement of objections.&nbsp;
IAG can propose measures to resolve the initial competition concerns noted by the Commission and may submit these solutions at any point during the proceedings&nbsp;up until the deadline on&nbsp;June 10, 2024.
&#8220;Compared with the remedy package we submitted in our previous attempt to acquire Air Europa, we are doubling our offer in terms of divested capacity,&#8221;&nbsp;a WSJ&nbsp;<a target="_blank" href="https://www.wsj.com/business/airlines/iag-bid-to-buy-air-europa-could-harm-competition-eu-says-cac3fde2?mod=business_lead_pos3" rel="noreferrer noopener">report</a>&nbsp;cited IAG.
Price Action: ICAGY shares traded lower by 0.80% at $4.33 at last check Monday.
Image credit: Dall-E 3

Equities

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IAG's Acquisition Of Air Europa Under Scrutiny For Competition Concerns

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) is set to give its latest quarterly earnings report on Friday, 2023-10-27. Here's what investors need to know before the announcement.
Analysts estimate that Intl Cons Airlines Group will report an earnings per share (EPS) of $0.39. 
Intl Cons Airlines Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.15, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Intl Cons Airlines Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.26</td>
<td></td>
<td>0.01</td>
<td>0.13</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.41</td>
<td>0.04</td>
<td>2.65</td>
<td>1.08</td>
</tr>
<tr>
<td>Price Change %</td>
<td>6.68%</td>
<td>3.18%</td>
<td>-6.13%</td>
<td>-1.67%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Intl Cons Airlines Group were trading at $3.34 as of October 25. Over the last 52-week period, shares are up 27.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ICAGY/earnings">To track all earnings releases for Intl Cons Airlines Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Intl Cons Airlines Group's Earnings

Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33339390/telecom-giants-at-t-and-verizon-face-investor-skepticism-over-lead-cable-issue-and-debt-load-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Telecom Giants AT&amp;T and Verizon Face Investor Skepticism Over Lead-Cable Issue and Debt Load</a>
<ul>
<li>AT&amp;T Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/t#NYSE">T</a>) and&nbsp;Verizon Communications Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) struggled with toxic lead in their telephone lines and heavy debt loads as they reported their quarterly earnings.</li>
<li>The issue of toxic lead in their networks emerged after a report triggered uncertainty among investors about potential environmental obligations and legal liabilities.</li>
</ul>
&nbsp;
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33340240/adidas-receives-orders-worth-565m-for-massive-unsold-yeezy-inventory-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Adidas Receives Orders Worth $565M For Massive Unsold Yeezy Inventory</a>
<ul>
<li>Sportswear giant&nbsp;Adidas AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>) received more than &euro;508 million (US$565 million) worth of orders for its 4 million pairs of unsold Yeezy shoes.</li>
<li>There&#39;s an overwhelming demand for the first tranche of online sales, expected to save the company from a large write-off on its stock.</li>
<li>Adidas had stopped selling Yeezy shoes after its partnership with rapper&nbsp;Kanye West, who now goes by Ye, ended due to the singer&#39;s antisemitic remarks.</li>
<li>Losing Yeezy had cost the footwear company a whopping $440 million in Q1 of 2023.</li>
</ul>
&nbsp;
Semafor&nbsp;
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33340130/high-stakes-showdown-publishers-insist-on-billions-in-payments-as-ai-platforms-grapple-with-business" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">High-Stakes Showdown: Publishers Insist on Billions in Payments as AI Platforms Grapple with Business Model</a>
<ul>
<li>Barry Diller&#39;s&nbsp;IAC Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iac#NASDAQ">IAC</a>) and significant publishers, including industry giants like&nbsp;New York Times Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nyt#NYSE">NYT</a>),&nbsp;News Corp&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/nwsa#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">NWSA</a>), and Axel Springer, are forming a coalition to address AI platform concerns, considering a possible lawsuit and legislative action.</li>
<li>IAC CEO Joey Levin is playing a prominent role in the coalition, emphasizing that the implications of AI taking over media content could be more significant than just sci-fi fears of AI taking over the world.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/07/33344884/after-apple-india-eyes-plum-ev-maker-tesla-to-migrate-production" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">After Apple, India Eyes Plum EV Maker Tesla To Migrate Production</a>
<ul>
<li>Tesla Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) representatives will likely meet India&#39;s commerce minister in July to discuss plans to build a factory to produce a fresh $24,000 car.</li>
<li>Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and export.</li>
<li>The highly awaited meeting followed the June meeting between Elon Musk and India&#39;s Prime Minister Narendra Modi when the latter promised significant investment in the country.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/07/33343008/whats-going-on-with-spotify-stock-monday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Spotify Raises Prices For Its Premium Plans In US $1</a>
<ul>
<li>Spotify Technology S.A.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) stock hogged investor attention Monday as it shared plans to boost the prices for its premium plans by $1 each in the U.S.</li>
<li>The&nbsp;Apple Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/aapl#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AAPL</a>) Apple Music and&nbsp;Amazon.com Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/amzn#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMZN</a>) Amazon Music rivals have faced pressure to focus on profitability over user growth as recession-wary customers cut unnecessary spending.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33340691/cme-group-to-terminate-3-of-workforce-relocate-positions-to-cloud-technology-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">CME Group To Terminate 3% Of Workforce, Relocate Positions To Cloud Technology</a>
<ul>
<li>CME Group Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cme#NASDAQ">CME</a>) reportedly plans to terminate about 100 positions, or 3% of its workforce, while reallocating some jobs.</li>
<li>The Chicago, Illinois-based company plans to reallocate most of those positions to new, cloud-focused technology roles.</li>
<li>However, the overall headcount of the firm will remain the same.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33340773/why-dominos-pizza-shares-are-sliding-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Domino&#39;s Pizza Shares Slip After Mixed Q2 Earnings Performance</a>
<ul>
<li>Domino&#39;s Pizza Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dpz#NYSE">DPZ</a>) reported a second-quarter FY23 sales decline of 3.8% year-on-year to $1.02 billion, missing the analyst consensus of $1.07 billion.</li>
<li>The revenue decrease was primarily due to lower supply chain revenues attributable to the reduction in the company&#39;s market basket pricing to stores and lower order volumes.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33337223/chevron-ceo-to-stay-put-past-retirement-age-as-prelim-q2-earnings-impresses-wall-street" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chevron CEO To Stay Put Past Retirement Age As Prelim Q2 Earnings Impresses Wall Street</a>
<ul>
<li>Oil giant&nbsp;Chevron Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvx#NYSE">CVX</a>) on Sunday released a preview of its second-quarter results that showed adjusted earnings declining 47% year-over-year but ahead of the consensus estimate. The oil giant also announced a slew of management changes, including the extension of the tenure of its chief executive officer and the retirement of its chief financial officer.</li>
<li>The San Ramon, California-based company reported adjusted earnings per share of $3.08 compared to the year ago&#39;s $5.82 and the previous quarter&#39;s $3.55.</li>
<li>The results exceeded the consensus estimate of $2.99 per share.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/07/33337844/whats-going-on-with-philips-stock-monday" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Philips Stock Is Trading Lower After Q2 Earnings</a>
<ul>
<li>Koninklijke Philips N.V.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phg#NYSE">PHG</a>) stock is trading lower Monday after it reported a second-quarter comparable sales growth of 9% year-on-year to &euro;4.47 billion ($4.87 billion), driven by growth across all segments and geographies.</li>
<li>Adjusted EPS was &euro;0.28 ($0.305).</li>
<li>&nbsp;Based on Philips&#39; improved performance in the first half of the year, and solid order book, the company now expects to deliver mid-single-digit comparable sales growth and an Adjusted EBITA margin at the upper end of the high-single-digit range for the full year 2023.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33342260/alnylam-inks-co-development-co-commercialization-pact-with-roche-for-hypertension-therapy" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Alnylam Inks Co-Development, Co-Commercialization Pact With Roche For Hypertension Therapy</a>
<ul>
<li>Alnylam Pharmaceuticals Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alny#NASDAQ">ALNY</a>) entered a strategic agreement with&nbsp;Roche Holdings AG&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/rhhby#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">RHHBY</a>) to develop and commercialize zilebesiran.</li>
<li>Zilebesiran, Alnylam&#39;s investigational RNAi therapeutic for the treatment of hypertension, is currently in Phase 2 of development.&nbsp;</li>
<li>The partnership allows for a bold development plan to disrupt the hypertension treatment paradigm globally while advancing Alnylam&#39;s&nbsp;P5x25&nbsp;strategy.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/07/33340963/why-becton-dickinson-stock-is-trading-higher-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">FDA Gives Green Signal To Updated BD Alaris Infusion System After Long Commercial Hold</a>
<ul>
<li>The FDA approved&nbsp;BD&#39;s&nbsp;(Becton, Dickinson, and Company) (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdx#NYSE">BDX</a>) BD Alaris Infusion System with 510(k) clearance, which enables both remediation and a return to full commercial operations for the most comprehensive infusion system available in the U.S.</li>
<li>In 2020, the company initiated an FDA Class I recall for the infusion pumps. The recall centered around multiple system, software, and use-related errors.&nbsp;</li>
<li>The company applied for a new FDA clearance for the pumps in April 2021. It started a remediation effort in July 2021.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/07/33343691/gsk-pfizer-backed-hiv-focused-unit-viiv-healthcares-cabotegravir-injected-drug-tablets-secure-eur" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">GSK-Pfizer Backed HIV-Focused Unit ViiV Healthcare&#39;s Cabotegravir Injected Drug, Tablets Secure European Backing For Approval</a>
<ul>
<li>ViiV Healthcare&nbsp;received a positive opinion from the European Medicines Agency&#39;s Committee for Medicinal Products for Human Use, recommending marketing authorization for cabotegravir long-acting (LA) injectable and tablets for HIV prevention.&nbsp;</li>
<li>ViiV Healthcare is majority owned by&nbsp;GSK plc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsk#NYSE">GSK</a>),&nbsp;Pfizer Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/pfe#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">PFE</a>), and Shionogi.</li>
<li>The positive opinion is supported by data from two international phase 2b/3 studies, HPTN 083 and HPTN 084.&nbsp;</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/07/33343471/iag-invests-in-sustainable-aviation-fuel-company-nova-pangaea-technologies" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">IAG Invests In Sustainable Aviation Fuel Company Nova Pangaea Technologies</a>
<ul>
<li>International Consolidated Airlines Group SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) announces investment into Nova Pangaea Technologies (NPT), a Teesside-based cleantech company. Financial terms not disclosed.</li>
<li>NPT technology develops advanced biofuels used to produce Sustainable Aviation Fuel from non-food agricultural waste and wood residues.</li>
<li>The deal will make IAG a minority shareholder in Nova Pangaea.</li>
</ul>

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Tesla's India Move, Adidas Receives Orders For Massive Unsold Yeezy Inventory, Spotify Raises Subscription Prices: Today's Top Stories

International Consolidated Airlines Group SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) announces&nbsp;<a class="editor-rtfLink" href="https://www.novapangaea.com/2023/07/24/international-airlines-group-announces-investment-into-nova-pangaea-technologies-to-drive-uk-sourced-sustainable-aviation-fuel/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">investment</a>&nbsp;into Nova Pangaea Technologies (NPT), a Teesside-based cleantech company. Financial terms not disclosed.
NPT technology develops advanced biofuels used to produce Sustainable Aviation Fuel from non-food agricultural waste and wood residues.
IAG&#39;s investment will accelerate the development of NPT&#39;s first commercial-scale waste-to-fuel production facility, NOVAONE. Construction is planned to begin later this year, with the facility producing biofuels by 2025, offering major opportunities for employment in the region.
The deal will make IAG a minority shareholder in Nova Pangaea, reported&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2023-07-24/british-airways-parent-iag-buys-stake-in-uk-maker-of-fuel-from-ethanol?srnd=industries-transportation&amp;sref=TBDibEcD#xj4y7vzkg" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Bloomberg&nbsp;</a>citing the companies.&nbsp;
IAG also intends to use NPT&#39;s technology to help the other airlines in its group decarbonize. The project is part of IAG&#39;s SAF investment program, which by the end of 2022 totaled $865 million in future SAF purchases and investments, with agreements in place for 250,000 tonnes of SAF.
Luis Gallego, IAG&#39;s CEO, commented, &quot;At IAG, we have set a goal to use 10% SAF by 2030. And we are not just buying SAF, we are willing to invest in developing the industry, but we need governments in the UK and Europe to act now to encourage further investment.&quot;
Price Action:&nbsp;ICAGY shares closed higher by 0.51% at $3.95 on Friday.

BABWF

IAG Invests In Sustainable Aviation Fuel Company Nova Pangaea Technologies

Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32811825/broadcom-most-likely-to-receive-eu-approval-for-61b-vmware-merger-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Broadcom Most Likely To Receive EU Approval For $61B VMware Merger</a>
<ul>
<li>In early May, U.S. chipmaker&nbsp;Broadcom Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>) CEO Hock Tan proposed a pitch to EU antitrust enforcers regarding the pro-competitiveness of the proposed $61 billion bid for cloud computing firm&nbsp;VMware Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vmw#NASDAQ">VMW</a>).</li>
<li>Broadcom is set to gain conditional EU antitrust approval for its proposed acquisition of VMware.</li>
<li>The European Commission&#39;s approval is linked to Broadcom&#39;s interoperability remedies to rivals to address competition concerns.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32812801/volkswagen-supervisory-board-to-meet-on-tuesday-to-discuss-cost-saving-plan-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Volkswagen Supervisory Board To Meet On Tuesday To Discuss Cost-Saving Plan</a>
<ul>
<li>Volkswagen AG&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/vwagy#OTC">VWAGY</a>) supervisory board is expected to meet on Tuesday to discuss the savings program.</li>
<li>The board meeting comes ahead of the automaker&#39;s capital markets day on June 21.&nbsp;</li>
<li>The meeting is expected to discuss cost-cutting measures totaling &euro;3 billion ($3.22 billion) spanning Volkswagen, Seat, Skoda, and Cupra brands.</li>
<li>The company&#39;s finance chief, Arno Antlitz, reportedly said in May that investors would be updated about financial targets and capital allocation plans on the June capital markets day.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/06/32814613/german-woman-sues-biontech-for-150k-claiming-adverse-effects-from-covid-19-vaccine-what-you-need-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">German Woman Sues BioNTech for &euro;150K Claiming Adverse Effects from COVID-19 Vaccine: What You Need to Know</a>
<ul>
<li>BioNTech SE&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>) is reportedly scheduled to appear in court on Monday to defend itself against a lawsuit filed by a German woman seeking damages for alleged side effects of BioNTech&#39;s COVID-19 vaccine.</li>
<li>The plaintiff claims to have experienced upper-body pain, swollen extremities, fatigue, and sleeping disorders since receiving the vaccine.&nbsp;</li>
<li>The initial hearing for this case will take place on Monday. The woman is suing BioNTech for at least &euro;150,000 ($161,500) in damages for bodily harm and compensation for unspecified material damage.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32814373/ryanair-intends-to-buy-slots-iag-may-hand-for-air-europa-acquisition-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ryanair Intends To Buy Slots IAG May Hand For Air Europa Acquisition</a>
<ul>
<li>Ryanair Holdings plc&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#OTC">RYAAY</a>) plans on buying the slots that&nbsp;International Consolidated Airlines Group SA&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/icagy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ICAGY</a>) may sell for its planned acquisition of Air Europa.</li>
<li>Ryanair is keen to buy the slots that IAG may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator.</li>
<li>&quot;We are following the process because we are interested in the possible liberation of slots in different airports,&quot; the report quoted Elena Cabrera, Ryanair&#39;s country communications manager for Spain.</li>
</ul>
&nbsp;
Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32811245/ubs-closes-credit-suisse-takeover-projects-cet1-ratio-of-14-in-2023" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">UBS Closes Credit Suisse Takeover, Projects CET1 Ratio of 14% in 2023</a>
<ul>
<li>UBS Group AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ubs#NYSE">UBS</a>) disclosed completing the acquisition of&nbsp;Credit Suisse Group AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>) today.</li>
<li>As previously announced on March 19, 2023, CS shareholders will receive 1 UBS share for holding every 22.48 CS shares.</li>
<li>Also, UBS will manage two parent banks &ndash; UBS AG and Credit Suisse AG, with each organization continuing to operate its subsidiaries and managing its client base.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/06/32811818/executive-shakeup-at-illumina-ceo-francis-desouza-steps-down-amid-activist-investor-carl-icahns-pr" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Executive Shakeup at Illumina: CEO Francis deSouza Steps Down Amid Activist Investor Carl Icahn&#39;s Pressure</a>
<ul>
<li>Illumina Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilmn#NASDAQ">ILMN</a>) announced that its Board of Directors accepted the resignation of Francis deSouza as Illumina&#39;s Chief Executive Officer and Director, effective June 11.&nbsp;</li>
<li>Charles Dadswell, Senior Vice President and General Counsel, has been named interim CEO while the Board of Directors searches for a new CEO.&nbsp;</li>
<li>Mr. deSouza has been with Illumina since 2013 and served as chief executive since 2016.</li>
<li>Mr. deSouza will remain in an advisory capacity until July 31, 2023.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/06/32812206/why-are-chinook-therapeutics-shares-trading-higher-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Are Chinook Therapeutics Shares Trading Higher Today</a>
<ul>
<li>Novartis AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvs#NYSE">NVS</a>) has agreed to acquire&nbsp;Chinook Therapeutics Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/kdny#NASDAQ">KDNY</a>) for $40 per share in cash, or $3.2 billion.&nbsp;</li>
<li>The offer represents a premium of 83% to Chinook&#39;s 60-day volume-weighted average stock price and 67% to Chinook&#39;s closing price on June 9, 2023.&nbsp;</li>
<li>In addition, Chinook shareholders will receive contingent value rights (CVRs), providing for payment of up to $4 per share upon achieving certain future regulatory milestones for Chinook&#39;s lead product candidate, atrasentan.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32812193/why-nasdaq-shares-are-slipping-today" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Why Nasdaq Shares Are Slipping Today</a>
<ul>
<li>Nasdaq Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndaq#NASDAQ">NDAQ</a>) disclosed an agreement to acquire Adenza from&nbsp;Thoma Bravo&nbsp;for $10.5 billion in cash and common shares.</li>
<li>After-deal closure, Nasdaq will issue around 14.9% of its outstanding shares to Thoma Bravo.</li>
<li>The acquisition complements Nasdaq&#39;s Marketplace Technology and Anti-Financial Crime solutions and boosts its offering across risk management, regulatory, and capital markets software and technology solutions.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32814769/chart-industries-divests-roots-business-to-ingersoll-rand-for-300m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Chart Industries Divests Roots Business To Ingersoll Rand For $300M</a>
<ul>
<li>Chart Industries Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gtls#NYSE">GTLS</a>) has signed a definitive agreement to sell its Roots business to&nbsp;Ingersoll Rand Inc&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ir#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">IR</a>).</li>
<li>The transaction value totals $300 million and is expected to close in the third quarter of 2023.</li>
<li>Roots is a provider of low-pressure compression and vacuum technologies. As part of the transaction, Ingersoll Rand will assume ownership of the Connersville, Indiana, manufacturing facility dedicated to Roots products and retain about 300 team members.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32813897/novo-nordisk-to-inject-around-dkk16b-in-api-facility-to-boost-late-phase-product-portfolio" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Novo Nordisk To Inject Around DKK16B in API Facility to Boost Late-Phase Product Portfolio</a>
<ul>
<li>Novo Nordisk A/S&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvo#NYSE">NVO</a>) disclosed its plan to invest DKK 15.9 billion in 2023 to expand its existing Active Pharmaceutical Ingredient (API) production facility in Denmark.</li>
<li>The investment aims to create additional production capacity and aid the development of its future clinical late-phase product portfolio.</li>
<li>The construction of the new multi-product facility, spanning around 65,000m, is underway and expected to start producing API by early 2029.</li>
</ul>

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Ryanair Holdings plc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) plans on buying the slots that&nbsp;International Consolidated Airlines Group SA&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) may sell for its planned acquisition of Air Europa.
Ryanair is keen to buy the slots that IAG may be forced to dispose to get its planned acquisition of Air Europa approved by the European antitrust regulator,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/aerospace-defense/ryanair-eyes-slots-iag-may-hand-over-remedies-air-europa-purchase-report-2023-06-12/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Reuters</a>, citing Cinco Dias newspaper.
&quot;We are following the process because we are interested in the possible liberation of slots in different airports,&quot; the report quoted Elena Cabrera, Ryanair&#39;s country communications manager for Spain.
&quot;We are interested in slots in Canary and Balearic Islands and in Madrid, but the truth is that we are open to any opportunity as we are in growth phase in Spain,&quot; she added.
In February, IAG agreed to purchase the remaining 80% of Spanish carrier Air Europa for 400 million euros (~$431 million).
Price Action:&nbsp;RYAAY shares are trading higher by 0.70% at $108.20 premarket on Monday.
<ul>
<li>Photo Via Company</li>
</ul>

Ryanair Intends To Buy Slots IAG May Hand For Air Europa Acquisition: Report

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30139251/elon-musks-twitter-rolls-out-blue-for-business-heres-what-it-will-offer-brands-employees" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Elon Musk&#39;s Twitter Rolls Out &#39;Blue For Business&#39; &mdash; Here&#39;s What It Will Offer Brands, Employees</a>
<ul>
<li>Elon Musk&#39;s Twitter&nbsp;has rolled out &#39;Blue for Business,&#39; enabling brands to distinguish key employees on the microblogging site.&nbsp;</li>
<li>Twitter Blue for Business allows brands to verify affiliated accounts with their main Twitter handle and have a square company badge next to display names. These accounts will show a miniature version of the main account&#39;s avatar next to the new checkmarks.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30139232/visa-pitches-auto-payments-on-ethereum-blockchain-in-deeper-crypto-push" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Visa Pitches Auto-Payments On Ethereum Blockchain In Deeper Crypto Push</a>
<ul>
<li>Global payments giant&nbsp;Visa Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) has released a paper outlining how the firm could work with&nbsp;Ethereum&nbsp;(ETH/USD) to enable automated payments from self-custodial crypto wallets.&nbsp;</li>
<li>The paper, originally presented as part of a company hackathon held earlier this year, explores how the Ethereum mainnet can offer users the capability of scheduling auto-payments with the support of Visa.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/22/12/30140153/1-7m-worth-of-bitcoin-awakens-from-dormant-wallets-linked-to-quadrigacx" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">$1.7M Worth Of Bitcoin Awakens From Dormant Wallets Linked To QuadrigaCX</a>
<ul>
<li>After years of dormancy, five wallets linked to the now-defunct Canadian cryptocurrency exchange&nbsp;QuadrigaCX&nbsp;have been spotted moving around $1.7 million worth of&nbsp;Bitcoin&nbsp;(BTC/USD).&nbsp;</li>
<li>Over 104 Bitcoins were transferred to various wallets from these previously inaccessible wallets, said crypto researcher&nbsp;ZachXBT&nbsp;in a tweet on Monday.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30141824/honeywell-agrees-to-pay-203m-to-resolve-foreign-corruption-charges" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Honeywell Agrees To Pay $203M To Resolve Foreign Corruption Charges</a>
<ul>
<li>Honeywell International Inc&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/hon#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">HON</a>) has agreed to pay $202.7 million to resolve corruption investigations in the U.S. and Brazil.</li>
<li>Allegations were raised regarding Honeywell&#39;s business practice of paying bribes to officers of&nbsp;Brazil&#39;s state-owned oil company, Petr&oacute;leo Brasileiro S.A.&nbsp;</li>
<li>Honeywell&#39;s subsidiary has entered into a three-year Deferred Prosecution Agreement with the Department of Justice related to conspiracy charges to violate the Foreign Corrupt Practices Act in connection with a project awarded in 2010.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/12/30141567/amazon-web-services-secures-navy-contract-for-over-700m" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Amazon Web Services Secures Navy Contract For Over $700M</a>
<ul>
<li>The United States Navy awarded&nbsp;Amazon.com Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) cloud computing division a five-year enterprise software license contract worth $723.9 million.</li>
<li>The deal will provide the Navy access to Amazon Web Services (AWS) commercial cloud environment, Professional Services, and its training and certification courses.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/12/30142246/ryanair-concludes-four-year-pay-deal-with-irish-pilots-union" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Ryanair Concludes Four-Year Pay Deal With Irish Pilots&#39; Union</a>
<ul>
<li>Ryanair Holdings plc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) has signed a four-year pay agreement with the F&oacute;rsa union and its Irish pilots under which Ryanair&#39;s Irish pilots will receive an accelerated restoration of pay cuts previously agreed during the Covid Pandemic.</li>
<li>These pay cuts will now be fully restored in the Irish pilots&#39; December payroll, and the agreement also incorporates three years of pay increases spread over the next four years up to March 2027.&nbsp;</li>
</ul>
&nbsp;
Wall Street Journal
<a class="editor-rtfLink" href="https://www.benzinga.com/general/gaming/22/12/30130293/fortnite-tricks-players-to-purchase-stuff-and-invades-childrens-privacy-its-maker-will-pay-520m-to" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&#39;Fortnite&#39; Tricks Players To Purchase Stuff And Invades Children&#39;s Privacy? Its Maker Will Pay $520M To Settle FTC Accusation</a>
<ul>
<li>The&nbsp;Federal Trade Commission&nbsp;alleged that&nbsp;Epic Games&#39;&nbsp;&quot;Fortnite&quot;&nbsp;violated online privacy protection for children and tricked players into making unintended purchases.</li>
<li>The videogame developer responsible for the most played online game in the world has agreed to pay $520 million to settle FTC accusations.</li>
<li>Privately held Epic Games -owned by its creator&nbsp;Tim Sweeney,&nbsp;Tencent&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/tcehy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">TCEHY</a>),&nbsp;Sony&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/sony#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SONY</a>), and&nbsp;Kirkby&nbsp;(3%)- had to resolve two civil complaints.</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30140715/boeing-receives-congress-support-for-737-max-deadline-waiver-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Boeing Receives Congress Support For 737 MAX Deadline Waiver</a>
<ul>
<li>Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) has earned Congress&#39; backing to cancel the new safety standard deadline for its 737 MAX aircraft.</li>
<li>Congress imposed the December 27 deadline in 2020 in response to the two&nbsp;fatal 737 MAX crashes.</li>
<li>The deadly crashes in Indonesia and Ethiopia killed 346 people.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30141393/justin-bieber-lashes-out-at-h-m-for-using-his-image-without-consent" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Justin Bieber Lashes Out At H&amp;M For Using His Image Without Consent</a>
<ul>
<li>Pop star&nbsp;Justin Bieber&nbsp;has reprimanded the Swedish clothing giant&nbsp;Hennes &amp; Mauritz AB&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hnnmy#OTC">HNNMY</a>) for presenting his image without permission.</li>
<li>The brand featured the singer&#39;s image and lyrics in its clothes.</li>
<li>The merchandise included H&amp;M&#39;s hoodies, t-shirts, and sweatshirts with pictures of Bieber and quotes from his songs.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30141956/paris-court-slaps-apple-with-fine-of-1m-over-app-store-practices" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Paris Court Slaps Apple With Fine Of &euro;1M Over App Store Practices</a>
<ul>
<li>The Paris Commercial Court slapped a fine of &euro;1 million on Apple Inc (AAPL) for imposing abusive commercial clauses on French app developers for accessing its App Store.</li>
<li>The court ruling said there was no need to order Apple to change the App Store&#39;s clauses as the European Union&#39;s incoming Digital Markets Act would require changes.</li>
</ul>
&nbsp;
Financial Times
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/22/12/30141325/on-a-mission-as-top-european-player-galapagos-looks-for-acquisition-targets" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">On A Mission As Top European Player, Galapagos Looks For Acquisition Targets</a>
<ul>
<li>Galapagos NV&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/glpg#NASDAQ">GLPG</a>) is reportedly looking for M&amp;A deals with companies with products still in the preclinical or early stage of development.</li>
<li>The former chief scientific officer of&nbsp;Johnson &amp; Johnson&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/jnj#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">JNJ</a>) took the reins at the struggling Belgian biotech this year.</li>
<li>Paul Stoffels is on a &quot;mission&quot; to reinstate Galapagos as a top European biotech player.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/news/22/12/30142466/british-airways-says-technical-glitch-resolved-that-resulted-in-flight-delays" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">British Airways Says Technical Glitch Resolved That Resulted In Flight Delays</a>
<ul>
<li>British Airway&#39;s&nbsp;services, a unit of&nbsp;International Consolidated Airlines Group&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>), suffered long delays after a failure related to flight-planning software.</li>
<li>The problem was due to a failure of software that British Airway pilots access via&nbsp;Apple Inc&#39;s&nbsp;iPads, people familiar with the matter said.&nbsp;</li>
<li>That system was being upgraded, according to the people.</li>
</ul>
Photo by Tada Images on Shutterstock

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<ul>
<li>British Airway&#39;s&nbsp;services, a unit of&nbsp;International Consolidated Airlines Group&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>), suffered long delays after a failure related to flight-planning software.</li>
<li>The problem was due to a failure of software that British Airway pilots access via&nbsp;Apple Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) iPads, Bloomberg&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2022-12-20/british-airways-flights-held-on-ground-amid-pilot-software-issue?srnd=industries-transportation&amp;sref=TBDibEcD&amp;leadSource=uverify%20wall" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">reported</a>, citing people familiar with the matter said.&nbsp;</li>
<li>That system was being upgraded, according to the people.</li>
<li>Around 50% of British Airways flights were in the air in the early morning Tuesday compared with a week earlier, aircraft-tracking website Flightradar24 said.&nbsp;</li>
<li>The airline confirmed that it had suffered a &quot;technical issue&quot; with its flight-planning system, which was later resolved.</li>
<li>&quot;Our teams have now resolved a temporary issue that affected some of our long-haul flight planning systems overnight, which resulted in delays to our schedule,&quot; British Airways said in an emailed statement. &quot;We&#39;re sorry for the disruption caused to our customers&#39; travel plans.&quot;</li>
<li>British Airways said there was no safety issue. Short-haul flights and long-haul services that had already departed weren&#39;t affected.</li>
</ul>

British Airways Says Technical Glitch Resolved That Resulted In Flight Delays

&nbsp;
Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) reported its Q2 earnings results on Friday, July 29, 2022 at 04:00 AM.
Here&#39;s what investors need to know about the announcement.
<h3>Earnings</h3>
Intl Cons Airlines Group beat estimated earnings by 171.43%, reporting an EPS of $0.05 versus an estimate of $-0.07.
Revenue was up $4.81 billion from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.13 which was followed by a 6.38% drop in the share price the next day.
&nbsp;
To track all earnings releases for Intl Cons Airlines Group <a href="https://www.benzinga.com/quote/ICAGY/earnings">visit their earnings calendar here.</a>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

Intl Cons Airlines Group: Q2 Earnings Insights

Intl Cons Airlines Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ICAGY#OTC">ICAGY</a>) is set to give its latest quarterly earnings report on Friday, 2022-05-06. Here's what investors need to know before the announcement.
Analysts estimate that Intl Cons Airlines Group will report an earnings per share (EPS) of $-0.23. 
Intl Cons Airlines Group bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Intl Cons Airlines Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2021</th>
<th>Q3 2021</th>
<th>Q2 2021</th>
<th>Q1 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>-0.15</td>
<td>-0.42</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.12</td>
<td>-0.29</td>
<td>-0.51</td>
<td>-0.55</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.77%</td>
<td>7.33%</td>
<td>-6.92%</td>
<td>4.23%</td>
</tr>
</tbody>
</table>

<h3>Stock Performance</h3>
Shares of Intl Cons Airlines Group were trading at $3.7 as of May 04. Over the last 52-week period, shares are down 40.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/ICAGY/earnings">To track all earnings releases for Intl Cons Airlines Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Intl Cons Airlines Group

Major indices worldwide rose on Monday with President Biden&rsquo;s proposed $1.9 trillion stimulus package in focus. Lawmakers from both parties are lobbying for a&nbsp;<a class="editor-rtfLink" href="https://www.cnbc.com/2021/01/24/bidens-stimulus-may-be-too-big-amid-economic-recovery-should-be-targeted-at-those-most-impacted.html" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">targeted relief bill</a>.
Futures:&nbsp;The Dow futures are up by 0.13%, and the S&amp;P 500 futures are trading higher by 0.31% on the last check Monday. WTI crude futures are up by 0.63% to $52.60, while gold futures are trading lower by 0.24% at $1,851.80. Ten-year Treasury yield is flat at 1.091%. The VIX futures are down by 1.71% to 24.45.&nbsp;
Cryptocurrency:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Bitcoin</a>&nbsp;is trading higher by 1.7% at $33,264 on the last check, and Ethereum is up 4.83% at $1,408.45. Ethereum hit an all-time high of $1,480, and several&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/cryptocurrency/21/01/19290217/defi-cryptocurrencies-hit-record-highs-in-tandem-with-ethereum" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">other decentralized finance-based cryptocurrencies</a>&nbsp;hit their all-time highs late Sunday in tandem.
Asia:&nbsp;Japan&rsquo;s Nikkei 225 closed higher by 0.67%, driven by pharma and power stocks. Bank of Japan&rsquo;s policy-setting meeting minutes is due to release today.
China&rsquo;s Shanghai Composite index gained 0.48%, as China overtook the U.S. as the world&rsquo;s leading destination for&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/china-overtakes-u-s-as-worlds-leading-destination-for-foreign-direct-investment-11611511200" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">foreign direct investment</a>. Consumer and material stocks drove the index higher.
Australia&rsquo;s S&amp;P/ASX 200 closed higher by 0.36%, as&nbsp;<a class="editor-rtfLink" href="http://www.benzinga.com/general/biotech/21/01/19290633/pfizer-covid-19-vaccine-gets-approved-in-australia" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Australia&rsquo;s Therapeutic Goods Administration approved</a>&nbsp;the COVID-19 vaccine made by Pfizer Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and its partner BioNTech SE (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bntx#NASDAQ">BNTX</a>).
Hong Kong&rsquo;s Hang Seng rallied 2.41%, led by mainland investor buying. Tech stocks saw the most buying, with&nbsp;Tencent Holdings&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcehy#OTC">TCEHY</a>) leading the pack gaining 10.93%, followed by&nbsp;Geely Automobile Holding&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/gelyy#OTC">GELYY</a>) rising 5.6%.
India&rsquo;s Nifty 50 index is trading lower by 0.53%, driven by a fall in energy and infrastructure stocks.
South Korea&rsquo;s KOSPI rallied 2.18% as consumer and tech stock gains pushed the index higher. The nation&rsquo;s Q4 GDP is due to release today.
Europe:&nbsp;Euro Stoxx 50 is trading marginally higher by 0.05% at press time, with European Central Bank (ECB) President Christine Lagarde&rsquo;s speech in focus.&nbsp;
London&rsquo;s FTSE 100 is trading lower by 0.07% at publication time. Airline stocks fell on Monday, with International Consolidated Airlines Group (OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) shedding 6.9% on the last check.
Germany&rsquo;s DAX is down by 0.05% at press time after starting the day in the green. The nation&rsquo;s business climate index for January fell to 90.1, missing the consensus of 91.8.
France&rsquo;s CAC 40 is trading down by 0.22%, led by financials and industrial stocks. Airbus SE (OTC: <a class="ticker" href="https://www.benzinga.com/stock/eadsy#OTC">EADSY</a>) is down 2.4% in Paris on the last check.
Spain&rsquo;s IBEX 35 is down 0.52% at publication time.
<a class="editor-rtfLink" href="http://www.benzinga.com/money/how-to-trade-forex" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Forex Trading</a>: U.S. Dollar Index futures are up 0.04% to 90.248. The dollar has strengthened by 0.10% against the Euro, 0.07% against the Sterling Pound, and 0.02% against the Japanese Yen, but lost 0.02% against the Chinese Yuan.
For news coverage in Italian or Spanish, check out&nbsp;<a class="editor-rtfLink" href="https://it.benzinga.com/" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Benzinga Italia</a>&nbsp;and&nbsp;<a class="editor-rtfLink" href="https://es.benzinga.com/" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Benzinga Espa&ntilde;a</a>.

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Global Markets Start Week On Positive Note, Ethereum Rally In Focus

U.S. lawmakers agreeing to a&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/20/12/18867645/us-congressional-lawmakers-agree-to-long-awaited-900-billion-covid-19-relief-bill-update" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">$900 billion stimulus</a>&nbsp;bill on Sunday is not helping the global markets, as surging COVID-19 infections, looming&nbsp;<a class="editor-rtfLink" href="https://www.bloomberg.com/news/articles/2020-12-20/brexit-talks-miss-another-deadline-as-wrangle-over-fish-drags-on" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Brexit talks</a>, and&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/20/12/18868123/parts-of-uk-go-into-deeper-lockdown-as-health-secretary-warns-new-covid-19-strain-is-out-of-contr" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">new virus strains</a>&nbsp;weigh on investor sentiment.
The Dow futures are down 0.44% and the S&amp;P 500 futures are down 0.58% on the last check Monday. WTI crude futures have shed 3.13% to $47.70 while gold futures have climbed 0.78% to $1,903.60. Ten-year Treasury yield has fallen 4.3 bps to 0.905%.
Asia:&nbsp;Japan&rsquo;s Nikkei 225 closed lower by 0.18% as&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/article/japan-stocks-closer/japan-shares-fall-from-29-1-2-year-peak-on-renewed-virus-concern-idUSL4N2J11FI" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">COVID-19 cases</a>&nbsp;spike.
China&rsquo;s Shanghai Composite gained 0.76% on Monday as Beijing&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/article/china-stocks-close/china-stocks-climb-as-beijing-pledges-continued-policy-support-idUSL1N2J10BJ" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">pledged policy support</a>. The People&rsquo;s Bank of China kept the prime loan rate unchanged at 3.85%.
Hong Kong&rsquo;s Hang Seng fell 0.63%, driven lower by utilities and real estate stocks. November CPI data is due later today.
Australia&rsquo;s S&amp;P/ASX 200 dipped 0.08%. Retail sales data is due today.
India&rsquo;s Nifty 50 index is down 2% on the last check. All sectors are trading in red, with PSU bank leading the decline.
South Korea&rsquo;s KOSPI closed higher by 0.23%. PPI data is due later today.
Europe:&nbsp;Euro Stoxx 50 is trading lower by 2.14% at publication time, as new virus strains in the U.K. and deadlock in Brexit talks threaten the bloc&rsquo;s economic recovery. December consumer confidence index is due later today.
London&rsquo;s FTSE 100 has shed 1.1% at press time, as chief negotiators from the U.K. and EU were unable to bridge their difference at a Brexit meeting on Saturday afternoon. With new restrictions and halted flights, airlines and travel stocks are taking a beating. The Confederation of British Industry distributive trades survey data is due later today.
Germany&rsquo;s DAX has fallen 2.22% on the COVID-19 infection spike. Bank stocks are taking the maximum hit, with&nbsp;Deutsche Bank AG&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/db#NYSE">DB</a>) down 3.4% in Germany.
France&rsquo;s CAC 40 has plunged 2.51% in Monday&rsquo;s early trade. Banks, autos, and metal stocks are pushing the index lower.
Spain&rsquo;s IBEX 35 has eroded 2.79%, with&nbsp;International Consolidated Airlines Group&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) shaving off a tenth of its value in Madrid.
<a class="editor-rtfLink" href="http://www.benzinga.com/money/how-to-trade-forex" style="color: rgb(14, 16, 26); background: transparent; margin-top:0pt; margin-bottom:0pt;; color: #4a6ee0;" target="_blank">Forex Trading</a>: U.S. Dollar Index futures have gained 0.54% at 90.442. The dollar has strengthened against most currencies; up 0.41% against the Euro at $1.2205, up 1.99% against the Sterling Pound at $1.3251, and up 0.30% against the Japanese Yen at &yen;103.62.

Global Markets Plunge As US Stimulus Deal Fails To Inspire Confidence, COVID-19 Cases Surge

<h3>Companies Reporting Before The Bell</h3>
&bull; Chevron Inc. (NYSE:<a class="ticker" href="/stock/CVX#NYSE">CVX</a>) is expected to report quarterly loss at $0.92 per share on revenue of $22.10 billion.
&bull; Weyerhaeuser Inc. (NYSE:<a class="ticker" href="/stock/WY#NYSE">WY</a>) is estimated to report quarterly earnings at $0.00 per share on revenue of $1.42 billion.
&bull; Goodyear Tire &amp; Rubber Inc. (NASDAQ:<a class="ticker" href="/stock/GT#NASDAQ">GT</a>) is estimated to report quarterly loss at $2.07 per share on revenue of $1.87 billion.
&bull; American Axle &amp; Mfg Hldgs Inc. (NYSE:<a class="ticker" href="/stock/AXL#NYSE">AXL</a>) is expected to report quarterly loss at $1.99 per share on revenue of $440.05 million.
&bull; Booz Allen Hamilton Inc. (NYSE:<a class="ticker" href="/stock/BAH#NYSE">BAH</a>) is expected to report quarterly earnings at $0.86 per share on revenue of $1.97 billion.
&bull; Illinois Tool Works Inc. (NYSE:<a class="ticker" href="/stock/ITW#NYSE">ITW</a>) is expected to report quarterly earnings at $0.70 per share on revenue of $2.33 billion.
&bull; Caterpillar Inc. (NYSE:<a class="ticker" href="/stock/CAT#NYSE">CAT</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $9.38 billion.
&bull; Charter Communications Inc. (NASDAQ:<a class="ticker" href="/stock/CHTR#NASDAQ">CHTR</a>) is expected to report quarterly earnings at $2.46 per share on revenue of $11.60 billion.
&bull; Johnson Controls Intl Inc. (NYSE:<a class="ticker" href="/stock/JCI#NYSE">JCI</a>) is expected to report quarterly earnings at $0.48 per share on revenue of $5.13 billion.
&bull; Church &amp; Dwight Co Inc. (NYSE:<a class="ticker" href="/stock/CHD#NYSE">CHD</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $1.15 billion.
&bull; Fiat Chrysler Automobiles Inc. (NYSE:<a class="ticker" href="/stock/FCAU#NYSE">FCAU</a>) is expected to report quarterly loss at $1.35 per share on revenue of $17.34 billion.
&bull; Exxon Mobil Inc. (NYSE:<a class="ticker" href="/stock/XOM#NYSE">XOM</a>) is expected to report quarterly loss at $0.62 per share on revenue of $38.16 billion.
&bull; Colgate-Palmolive Inc. (NYSE:<a class="ticker" href="/stock/CL#NYSE">CL</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $3.78 billion.
&bull; Arbor Realty Trust Inc. (NYSE:<a class="ticker" href="/stock/ABR#NYSE">ABR</a>) is expected to report quarterly earnings at $0.27 per share on revenue of $34.50 million.
&bull; Associated Capital Group Inc. (NYSE:<a class="ticker" href="/stock/AC#NYSE">AC</a>) is expected to report earnings for its second quarter.
&bull; AdvanSix Inc. (NYSE:<a class="ticker" href="/stock/ASIX#NYSE">ASIX</a>) is estimated to report quarterly earnings at $0.31 per share on revenue of $281.30 million.
&bull; Astronics Inc. (NASDAQ:<a class="ticker" href="/stock/ATRO#NASDAQ">ATRO</a>) is expected to report quarterly loss at $0.31 per share on revenue of $110.03 million.
&bull; Balchem Inc. (NASDAQ:<a class="ticker" href="/stock/BCPC#NASDAQ">BCPC</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $161.35 million.
&bull; Bel Fuse Inc. (NASDAQ:<a class="ticker" href="/stock/BELFB#NASDAQ">BELFB</a>) is expected to report quarterly loss at $0.30 per share on revenue of $108.25 million.
&bull; Phillips 66 Inc. (NYSE:<a class="ticker" href="/stock/PSX#NYSE">PSX</a>) is expected to report quarterly loss at $0.92 per share on revenue of $15.37 billion.
&bull; Berry Global Group Inc. (NYSE:<a class="ticker" href="/stock/BERY#NYSE">BERY</a>) is expected to report quarterly earnings at $1.15 per share on revenue of $2.98 billion.
&bull; Cboe Global Markets, Inc. Common Stock Inc. (BATS:<a class="ticker" href="/stock/CBOE#BATS">CBOE</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $296.92 million. 
&bull; Capital Product Partners Inc. (NASDAQ:<a class="ticker" href="/stock/CPLP#NASDAQ">CPLP</a>) is estimated to report quarterly earnings at $0.50 per share on revenue of $35.69 million.
&bull; CTS Inc. (NYSE:<a class="ticker" href="/stock/CTS#NYSE">CTS</a>) is expected to report quarterly earnings at $0.07 per share on revenue of $89.02 million. 
&bull; Dominion Energy Inc. (NYSE:<a class="ticker" href="/stock/D#NYSE">D</a>) is estimated to report quarterly earnings at $0.76 per share on revenue of $3.47 billion.
&bull; DSV Panalpina Inc. (OTC:<a class="ticker" href="/stock/DSDVY#OTC">DSDVY</a>) is expected to report earnings for it&#39;s second quarter.
&bull; Erste Group Bank Inc. (OTC:<a class="ticker" href="/stock/EBKDY#OTC">EBKDY</a>) is expected to report earnings for it&#39;s second quarter.
&bull; Embraer Inc. (NYSE:<a class="ticker" href="/stock/ERJ#NYSE">ERJ</a>) is estimated to report quarterly loss at $0.44 per share on revenue of $613.05 million. 
&bull; GlycoMimetics Inc. (NASDAQ:<a class="ticker" href="/stock/GLYC#NASDAQ">GLYC</a>) is expected to report earnings for its second quarter.
&bull; Gol Intelligent Airlines Inc. (NYSE:<a class="ticker" href="/stock/GOL#NYSE">GOL</a>) is estimated to report quarterly loss at $0.89 per share on revenue of $132.97 million. 
&bull; Hill-Rom Holdings Inc. (NYSE:<a class="ticker" href="/stock/HRC#NYSE">HRC</a>) is estimated to report quarterly earnings at $1.46 per share on revenue of $749.39 million.
&bull; Intl Cons Airlines Group Inc. (OTC:<a class="ticker" href="/stock/ICAGY#OTC">ICAGY</a>) is estimated to report earnings for it&#39;s second quarter.
&bull; Imperial Oil Limited Common Stock Inc. (AMEX:<a class="ticker" href="/stock/IMO#AMEX">IMO</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $9.24 billion.
&bull; Itau Corpbanca Inc. (NYSE:<a class="ticker" href="/stock/ITCB#NYSE">ITCB</a>) is estimated to report earnings for it&#39;s second quarter. 
&bull; KVH Industries Inc. (NASDAQ:<a class="ticker" href="/stock/KVHI#NASDAQ">KVHI</a>) is estimated to report quarterly loss at $0.37 per share on revenue of $32.05 million.
&bull; Lazard Inc. (NYSE:<a class="ticker" href="/stock/LAZ#NYSE">LAZ</a>) is expected to report quarterly earnings at $0.41 per share on revenue of $502.54 million.
&bull; L3Harris Technologies Inc. (NYSE:<a class="ticker" href="/stock/LHX#NYSE">LHX</a>) is expected to report quarterly earnings at $2.62 per share on revenue of $4.47 billion.
&bull; LyondellBasell Industries Inc. (NYSE:<a class="ticker" href="/stock/LYB#NYSE">LYB</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $5.66 billion.
&bull; Merck &amp; Co Inc. (NYSE:<a class="ticker" href="/stock/MRK#NYSE">MRK</a>) is estimated to report quarterly earnings at $1.04 per share on revenue of $10.39 billion.
&bull; Nokia Inc. (NYSE:<a class="ticker" href="/stock/NOK#NYSE">NOK</a>) is estimated to report quarterly earnings at $0.03 per share on revenue of $5.70 billion.
&bull; nVent Electric Inc. (NYSE:<a class="ticker" href="/stock/NVT#NYSE">NVT</a>) is estimated to report quarterly earnings at $0.24 per share on revenue of $436.16 million.
&bull; Newell Brands Inc. (NASDAQ:<a class="ticker" href="/stock/NWL#NASDAQ">NWL</a>) is estimated to report quarterly earnings at $0.18 per share on revenue of $2.03 billion.
&bull; OFS Capital Inc. (NASDAQ:<a class="ticker" href="/stock/OFS#NASDAQ">OFS</a>) is expected to report quarterly earnings at $0.20 per share on revenue of $11.67 million.
&bull; O2Micro Intl Inc. (NASDAQ:<a class="ticker" href="/stock/OIIM#NASDAQ">OIIM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $17.00 million.
&bull; Oxford Lane Capital Inc. (NASDAQ:<a class="ticker" href="/stock/OXLC#NASDAQ">OXLC</a>) is expected to report earnings for it&#39;s first quarter.
&bull; PBF Energy Inc. (NYSE:<a class="ticker" href="/stock/PBF#NYSE">PBF</a>) is expected to report quarterly loss at $2.98 per share on revenue of $3.28 billion.
&bull; PBF Logistics Inc. (NYSE:<a class="ticker" href="/stock/PBFX#NYSE">PBFX</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $89.45 million.
&bull; Public Service Enterprise Inc. (NYSE:<a class="ticker" href="/stock/PEG#NYSE">PEG</a>) is estimated to report quarterly earnings at $0.60 per share on revenue of $2.30 billion.
&bull; Pinterest Inc. (NYSE:<a class="ticker" href="/stock/PINS#NYSE">PINS</a>) is estimated to report quarterly loss at $0.13 per share on revenue of $251.24 million.
&bull; Piper Sandler Inc. (NYSE:<a class="ticker" href="/stock/PIPR#NYSE">PIPR</a>) is estimated to report quarterly earnings at $1.18 per share on revenue of $237.04 million.
&bull; PNM Resources Inc. (NYSE:<a class="ticker" href="/stock/PNM#NYSE">PNM</a>) is estimated to report quarterly earnings at $0.49 per share on revenue of $345.12 million.
&bull; Portland General Electric Inc. (NYSE:<a class="ticker" href="/stock/POR#NYSE">POR</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $455.84 million. 
&bull; Phillips 66 Partners Inc. (NYSE:<a class="ticker" href="/stock/PSXP#NYSE">PSXP</a>) is expected to report quarterly earnings at $0.74 per share on revenue of $365.82 million.
&bull; NatWest Group PLC ADR Inc. (NYSE:<a class="ticker" href="/stock/RBS#NYSE">RBS</a>) is expected to report earnings for it&#39;s second quarter.
&bull; Stellus Capital Inv Inc. (NYSE:<a class="ticker" href="/stock/SCM#NYSE">SCM</a>) is estimated to report quarterly earnings at $0.24 per share on revenue of $14.53 million.
&bull; Shell Midstream Partners Inc. (NYSE:<a class="ticker" href="/stock/SHLX#NYSE">SHLX</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $136.97 million.
&bull; US Silica Holdings Inc. (NYSE:<a class="ticker" href="/stock/SLCA#NYSE">SLCA</a>) is estimated to report quarterly loss at $0.51 per share on revenue of $143.57 million.
&bull; Snap-on Inc. (NYSE:<a class="ticker" href="/stock/SNA#NYSE">SNA</a>) is estimated to report quarterly earnings at $1.83 per share on revenue of $704.97 million.
&bull; Spirit Realty Cap Inc. (NYSE:<a class="ticker" href="/stock/SRC#NYSE">SRC</a>) is expected to report quarterly earnings at $0.22 per share on revenue of $113.88 million.
&bull; TransAlta Inc. (NYSE:<a class="ticker" href="/stock/TAC#NYSE">TAC</a>) is expected to report earnings for it&#39;s second quarter.
&bull; West Japan Railway Inc. (OTC:<a class="ticker" href="/stock/WJRYY#OTC">WJRYY</a>) is expected to report earnings for it&#39;s first quarter.
&bull; W.P. Carey Inc. (NYSE:<a class="ticker" href="/stock/WPC#NYSE">WPC</a>) is expected to report quarterly earnings at $0.45 per share on revenue of $288.53 million.
&bull; AbbVie Inc. (NYSE:<a class="ticker" href="/stock/ABBV#NYSE">ABBV</a>) is expected to report quarterly earnings at $2.19 per share on revenue of $10.08 billion.
&bull; Bel Fuse Inc. (NASDAQ:<a class="ticker" href="/stock/BELFA#NASDAQ">BELFA</a>) is expected to report quarterly loss at $0.23 per share on revenue of $110.00 million. 
&bull; Daiwa Securities Group Inc. (OTC:<a class="ticker" href="/stock/DSEEY#OTC">DSEEY</a>) is expected to report earnings for it&#39;s first quarter.
&bull; IDEXX Laboratories Inc. (NASDAQ:<a class="ticker" href="/stock/IDXX#NASDAQ">IDXX</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $589.98 million.
&bull; Mazda Motor Inc. (OTC:<a class="ticker" href="/stock/MZDAY#OTC">MZDAY</a>) is estimated to report earnings for its first quarter.
&bull; Ruth&#39;s Hospitality Group Inc. (NASDAQ:<a class="ticker" href="/stock/RUTH#NASDAQ">RUTH</a>) is estimated to report quarterly loss at $0.53 per share on revenue of $28.51 million.
&bull; Spectrum Brands Holdings Inc. (NYSE:<a class="ticker" href="/stock/SPB#NYSE">SPB</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $928.26 million.
&bull; WisdomTree Inv Inc. (NASDAQ:<a class="ticker" href="/stock/WETF#NASDAQ">WETF</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $58.96 million.
&bull; Under Armour Inc. (NYSE:<a class="ticker" href="/stock/UA#NYSE">UA</a>) is estimated to report quarterly loss at $0.41 per share on revenue of $558.52 million.
&bull; VF Inc. (NYSE:<a class="ticker" href="/stock/VFC#NYSE">VFC</a>) is estimated to report quarterly loss at $0.67 per share on revenue of $981.63 million.
&bull; ITT Inc. (NYSE:<a class="ticker" href="/stock/ITT#NYSE">ITT</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $516.61 million.
&bull; Aon Inc. (NYSE:<a class="ticker" href="/stock/AON#NYSE">AON</a>) is estimated to report quarterly earnings at $1.93 per share on revenue of $2.55 billion.
&bull; CBRE Group Inc. (NYSE:<a class="ticker" href="/stock/CBRE#NYSE">CBRE</a>) is estimated to report quarterly earnings at $0.42 per share on revenue of $5.04 billion.
&bull; Immunogen Inc. (NASDAQ:<a class="ticker" href="/stock/IMGN#NASDAQ">IMGN</a>) is estimated to report quarterly loss at $0.17 per share on revenue of $14.59 million. 
&bull; ASE Technology Holding Co Inc. (NYSE:<a class="ticker" href="/stock/ASX#NYSE">ASX</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $3.47 billion.
&bull; Takeda Pharmaceutical Inc. (NYSE:<a class="ticker" href="/stock/TAK#NYSE">TAK</a>) is estimated to report earnings for its first quarter. 
&nbsp;
<h3>Companies Reporting After The Bell</h3>
&bull; Mizuho Financial Group Inc. (NYSE:<a class="ticker" href="/stock/MFG#NYSE">MFG</a>) is expected to report earnings for its first quarter.
&bull; Unity Biotechnology Inc. (NASDAQ:<a class="ticker" href="/stock/UBX#NASDAQ">UBX</a>) is estimated to report earnings for its second quarter.

Pre-Market Outlook

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Embraer-Empresa Brasileira De Aeronautica

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Earnings Scheduled For July 31, 2020

Virgin Australia and Virgin Atlantic are in need of government aid to survive the pandemic crisis, says group founder Sir Richard Branson.
<h3>What Happened</h3>
Branson, who infused $250 million into the Virgin Group companies, is ready to offer his privately-owned Necker Island as collateral to save jobs, <a href="http://edition.cnn.com/2020/04/20/business/virgin-australia-richard-branson/index.html">according to CNN</a>. Underscoring the need to support both Virgin branded airlines in a letter to employees, he remarked, &ldquo;If Virgin Australia disappears,&rdquo; Qantas Airways Limited (OTC: <a class="ticker" href="https://www.benzinga.com/stock/qabsy#OTC">QABSY</a>) &ldquo;would effectively have a monopoly of the Australian skies.&rdquo;
He also said Virgin Atlantic was vital, as it provided competition to International Consolidated Airlines Group, S.A. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/icagy#OTC">ICAGY</a>) owned British Airways, reported CNN.
In his letter posted on <a href="https://twitter.com/richardbranson/status/1252372377276563466?s=20">Twitter</a>, Branson lamented the lack of government help in Australia saying, &ldquo;In most countries federal governments have stepped in, in this unprecedented crisis for aviation, to help their airlines. Sadly, that has not happened in Australia.&rdquo;
Virgin Australia has entered <a href="https://newsroom.virginaustralia.com/release/virgin-australia-enters-voluntary-administration">voluntary administration</a> and the company&rsquo;s board has appointed Vaughan Strawbridge, John Greig, Sal Algeri and Richard Hughes of Deloitte as voluntary administrators of the company, and some of its subsidiaries.
<h3>Why It Matters</h3>
Virgin Atlantic is seeking a loan from the government in the United Kingdom, which Branson has said the company will repay. A specific amount has not been disclosed, according to CNN.
Virgin Australia has&nbsp;seen all its income evaporate due to the coronavirus pandemic. The collapse of Virgin Australia comes on the heels of FlyBe&rsquo;s bankruptcy last month. FlyBe was the U.K.&rsquo;s largest domestic airline.
The Australian carrier has already furloughed 80% of its 10,000 workers, but will continue to operate flights for essential workers, freight and repatriation purposes, <a href="http://www.bloomberg.com/news/articles/2020-04-20/virgin-australia-collapses-as-airline-calls-in-administrators-k992yqn6?sref=XoUMza3N">according to Bloomberg</a>.
Meanwhile, major U.S. airlines have <a href="https://www.benzinga.com/government/20/04/15803746/major-airlines-reach-deal-with-treasury-over-participation-in-bailout-program">reached a deal</a> with the United States Treasury over a bailout program that will provide up to $50 billion in assistance to the aviation industry.

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