
Air Canada Suspends Multiple US Routes
May 27, 2025: Air Canada Cuts Five U.S. Routes for Winter 2025–26, Part of Broader Cross-Border Retrenchment
March 14, 2023: -On Monday, Luxury automaker Porsche AG is issuing an ambitious long-term outlook of over 20% of return on sales following posting record 2022 earnings on the back of higher deliveries.
The carmaker said its operating profit increased by 27% to 6.77 billion euros ($7.23 billion) in the previous year, when deliveries increased by 2.6% to 309,884 units.
On Monday, Porsche CEO Oliver Blume said 2022 was a “very successful year,” with record sales, earnings, operating profit, and a profit margin of 18%.
“Looking back more than the last year, I think the main products we had were a positive product mix, our cost work is very efficient, and on the different side, we had effects at the end presently to come to like a positive result,” Blume told, Annette Weisbach.
“Pricing is important for Porsche, and as of our luxury positioning, we can go to a very positive pricing level. We are increasing prices continuously, not jumping up and down, and have an obvious pricing strategy.”
The company proposes a dividend of 1 euro per ordinary share and 1.01 euros for every preferred share. It issued ongoing increase guidance on both the medium and long term:
“Should the economically challenging not further intensify significantly, we expect a Group which operates return on sales for the 2023 fiscal year in the limit of 17 to 19 per cent,” stated Lutz Meschke, deputy chairman and people of the administrative board for finance and IT.
The medium-term guidance is based on sales earnings ranging from 40 to 42 billion euros.
Meschke added, “In the long run, aiming for a Group operating return on sales of over 20 per cent.”
Porsche represented a substantial portion of earnings for Volkswagen Group and overtook Volkswagen as the most valuable carmaker during its initial week on the German stock market after listing on September 29 of the previous year. Volkswagen still possesses 75% minus one ordinary share of Porsche’s complete share capital. Volkswagen is because of report earnings Tuesday.
On Monday, Porsche shares were down 2.2% in early trade while Volkswagen decreased 2.5%, but the two firms remain up by around 10% and 14%, respectively, since the beginning of 2023.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
May 27, 2025: Air Canada Cuts Five U.S. Routes for Winter 2025–26, Part of Broader Cross-Border Retrenchment
May 26, 2025: Trump Freezes $2.2B in Federal Grants to Harvard Over DEI, Threatens Tax-Exempt Status.
May 14, 2025: Microsoft has announced plans to reduce its global workforce by approximately 3%, affecting roughly 10,000 employees across multiple departments.
May 13, 2025: The Trump administration is considering suspending the constitutional right of habeas corpus in a bid to accelerate mass deportations.
April 29, 2025: Donald Trump’s second term has reached the 100-day mark under sustained public skepticism, with national approval ratings
April 24, 2025: NATO closely monitors a series of Russian naval exercises in the northern waters near Finland and Norway amid heightened military activity