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Delta Air Lines is soaring to a record $1.8 billion profit as summer vacationers pack planes

Delta Air Lines is reporting record profit and revenue in the second quarter, as summer travelers pack planes and head off on vacation Delta Air Lines soared to a record quarterly profit of more than $1.8 billion as summer vacationers packed planes, especially to international destinations, and the airline enjoyed a tailwind from falling fuel prices. The results released Thursday beat Wall Street expectations, and Delta raised its forecast of full-year earnings. Delta officials said strong demand for tickets has continued at the beginning of the July-through-September quarter, when it expects revenue similar to the record second quarter, and even into the December holidays. “I think it’s going to be more of the same,” CEO Ed Bastian said in an interview. “International bookings, which traditionally start to trail off into the fall, are still going to be at a higher level than normal.” Revenue on flights between the U.S. and Europe, Delta's most important overseas market, soared 65%...

China sends 71 warplanes, 7 ships toward Taiwan in 24 hours

Taiwan's defense ministry said China’s military sent 71 planes and seven ships toward Taiwan in a 24-hour display of force directed at the island TAIPEI, Taiwan -- China’s military sent 71 planes and seven ships toward Taiwan in a 24-hour display of force directed at the island, Taiwan’s defense ministry said Monday, after China expressed anger at Taiwan-related provisions i n a U.S. annual defense spending bill passed on Saturday. China’s Military harassment of self-ruled Taiwan, which it claims is its own territory, has intensified in recent years, and the Communist Party’s People’s Liberation Army has sent planes or ships toward the island on a near-daily basis. Between 6 a.m. Sunday and 6 a.m. Monday, 47 of the Chinese planes crossed the median of the Taiwan Strait, an unofficial boundary once tacitly accepted by both sides, according to Taiwan’s Ministry of National Defense. Among the planes China sent towards Taiwan were 18 J-16 fighter jets, 11 J-1 fighters, 6 S...