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Alaska Air Posts Q2 Loss, Downgrades Q3 View

Alaska Air posted a second-quarter loss and forecast third-quarter earnings near or below Wall Street expectations as jet fuel costs stay high amid renewed Iran-related tensions, pressuring margins. The airline is diversifying fuel sourcing and raising fares to offset costs, with Q3 guidance ranging from break-even to about $1 a share and continued attention on fuel-driven earnings pressure.

14 sources

Photo: Maurice King / Wikimedia Commons (CC BY 2.0)

Alaska Plans Hawaii Inter-Island Fleet Shift

Alaska Airlines and Hawaiian Airlines are moving to replace Hawaiian’s inter-island Boeing 717s with Boeing 737-800s starting in 2028, with a dedicated Hawaii-based sub-fleet and initial 737-800 deployment to Honolulu–Kahului in late 2026 to bolster capacity and service. The plan includes expanded cargo operations with four 737-800 freighters, Starlink connectivity, enhanced premium seating, and a long-term investment to sustain Hawaii’s essential island-to-island travel network under the Hawaiian Airlines brand.

8 sources

Photo: Ocado Group plc / Wikimedia Commons (Public domain)

Ocado to build large European automated CFC

Ocado announced a large, highly automated Customer Fulfilment Centre for a fast-growing European national retailer, using its Re:Imagined technology like 600s bots and an automated freezer, with go-live slated for FY28 and initial operations at just over half capacity. The deal, part of ongoing expansion alongside its Asda agreement, is not expected to have a material impact on FY26 and Ocado remains focused on achieving cash-flow positive performance in the near term.

9 sources

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Iran Attacks Kuwait Power, Water Plants Fourth Day

Iran has attacked Kuwait's power-generation and water-desalination facilities for a fourth consecutive day, causing fires and damage that authorities say are being controlled and repaired. The strikes jeopardize critical desalination-driven water supplies for Kuwait, while diplomacy and broader regional tensions persist amid ongoing U.S. and allied actions.

14 sources

UK unemployment holds at 4.9% in May

UK unemployment stayed at 4.9% for the three months to May 2026, even as payroll data showed a drop in company payrolls and vacancies continued to ease, pointing to a mixed jobs picture. Wages remained firm, with regular pay at about 3.4% and total pay higher, while employment rose overall and second jobs increased, underscoring a still-tight but gradually softening labor market.

17 sources

John B. Sanfilippo & Son Announces $1.05 Special Dividend

John B. Sanfilippo & Son, Inc. announced a $1.05 per share special cash dividend and a $0.95 per share regular annual dividend, totaling about $23.6 million to shareholders, with payments on September 9, 2026 and a record date of August 17, 2026. CEO Jeffrey T. Sanfilippo highlighted that this continues nine years of annual dividend increases and reflects strong financial performance and cash management.

6 sources

Karooooo Beats Q1 Estimates as FX Hits Shares

Karooooo Ltd CS beat Q1 FY2027 expectations driven by a 21% constant-currency rise in Cartrack subscription revenue and a 70% surge in net subscriber additions to over 2.8 million, with ARR up 32% in USD terms despite rand headwinds. The results reaffirm the full-year outlook, with continued growth in subscription revenue and subscriber base, though the stock’s after-hours reaction was muted amid broader market dynamics and profit-taking.

7 sources

India raises windfall taxes on diesel, ATF exports

India has raised windfall taxes on diesel and aviation turbine fuel exports to ₹15.5 and ₹14.5 per litre respectively, while trimming the petrol export levy to ₹2.5 per litre, effective July 16 as part of a regular fortnightly review to stabilize domestic fuel availability amid volatile global oil prices and ongoing geopolitical tensions. The move aims to curb export surges, protect domestic supply, and ensure government revenue, with the context of elevated crude prices and supply disruptions influencing policy.

10 sources

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