Yes, the terrorists have won…
It looks like the murderous terrorist Hamas organization scored a major victory against the world, and the US commercial airline industry as it got the FAA to ban flights to Israel. All major carriers including Delta and United Airlines have canceled flights because they are concerned that bloodthirsty Hamas will bring down aircraft with its never-ending supply of missiles obtained with lots of assistance from its nuke-happy friends in Iran. It’s a curious ban since there isn’t one in place for Afghanistan, Pakistan or Yemen – which begs the question as to whether or not the ban was really born out of safety concerns or just blatant run-of-the-mill anti-Semitism and sympathy for terrorists. Hmmm. The ban is expected to reduce revenue for airlines by tens of millions of dollars – if not more. A major coup for Hamas, no doubt. But at least former New York City Mayor Michael Bloomberg who knows a things or two about money and politics, showed some major falafel balls by coming to Israel on an El Al flight to show solidarity for a country that is under constant attack by butchers whose sole purpose in life is to murder every single Jewish person on the planet.
Not exactly taking off?
Aerospace and defense company Boeing released its earnings today and all I can say is: Wow. “Wow” for two very distinct reasons. Reason number one is that the Chicago, Illinois-based company pulled in a profit of over 50% with a net income of close to $1.7 billion and $2.24 earnings per share. Boeing didn’t just beat the Street’s estimates it pummeled them. As for “wow” reason number two: The stock isn’t soaring, flying high or (insert any number of aviation-related analogies here) despite its amazing profits. That’s because Boeing’s $22.04 billion revenue was lower than Wall Street’s $22.3 billion estimate. Potatoes. Puhtatoes, I know, but still, when Wall Street has expectations, you best meet them. The company delivered 181 new aircraft this year – a 7% increase – with over 780 more in the works. It’s all very promising but Wall Street wasn’t as smitten with the fact that the company got a one-time $524 million tax-cut that helped bring in that profit. It probably also didn’t help that Malaysia Airlines flights 370 and 17 were both Boeing jets.
But guess who did soar? Facebook. Okay so that’s not exactly shocking news. Maybe just a little bit to the investors who were a tad bit skeptical over Facebook’s lack of mobile ad revenue. But it looks like this quarter cleared up those concerns as the social media giant is up over 60% propelled by those very ads and the cash they are bringing in – even as I write this. Analysts expected sales of $2.8 billion but hellooooo – this is Facebook we’re talking about and it pulled in more – $2.9 billion, naturally. Net income was up over $790 million and $.30 a share. That’s way more than double from a year ago. And with 1.5 million advertisers, and over 1.3 billion users, Facebook and its investors have a lot to “like.”