Abu Dhabi Airports experienced remarkable growth in passenger traffic with 35.6% increase in first quarter 2024 compared to same period in 2023. Zayed International Airport contributed significantly with 36% rise in passengers. Key contributors to the surge included resumption of services by Turkmenistan Airlines and new route to Haikou, China by Hainan Airlines.
Halliburton Company reported stronger-than-anticipated adjusted earnings for the first quarter of 2024, primarily attributed to a surge in foreign demand for oilfield services. The company reported an adjusted net income of $679 million, equating to $0.76 per diluted share, surpassing analyst predictions of $0.74 EPS. This positive performance was driven by a 12% surge in international revenue, reaching $3.3 billion, as demand for oilfield services and equipment rose in major markets across the Middle East, Europe, and Latin America.
PepsiCo reported better-than-expected revenue in the first quarter of 2023, boosted by strong international demand for its snacks and beverages. Revenue increased by 2% to $18.3 billion, surpassing analysts’ forecasts of $18 billion. The company faced challenges in North America due to a Quaker Oats recall, leading to a 24% sales decline in Quaker Foods. However, robust growth in Asia Pacific (11%) and Europe (10%) offset these losses. Despite facing retailer disputes in Europe, PepsiCo has successfully resolved its pricing issues with Carrefour and resumed product distribution. The company has implemented price increases to counter rising ingredient costs, with net pricing rising 5% globally in the first quarter.
PepsiCo reported strong financial results in the first quarter, driven by robust international demand for its snacks and beverages. Despite a recall-related sales decline in North America, the company’s Asia Pacific and Europe operations delivered double-digit sales growth. PepsiCo’s price increases have slowed in the first quarter, with net pricing up 5% globally. The company’s earnings per share also surpassed Wall Street estimates, contributing to a positive outlook.
