Volkswagen reported a 9.5% drop in Q2 operating profit and cut its annual revenue forecast by up to 3% due to a significant sales slump in China. The German carmaker is implementing a cost-cutting program, including plans to axe up to 100,000 jobs globally, facing union opposition.
Heathrow expects a 1.1% decline in passenger numbers and a £147m profit fall this year, attributing it to the Middle East conflict. The airport also disputes a Department for Transport report that significantly downplays the economic benefits of its proposed third runway.
South Korean shipping companies reported stable revenue around 50 trillion won in 2025, similar to the previous year. However, profitability declined significantly due to falling freight rates and rising costs, with operating profit down 23.1% and net profit down 31.2%.
Airbus reported first-quarter adjusted operating profit halved to 300 million euros, down 52% year-over-year, as deliveries fell to 114 aircraft from 136 last year due to Pratt & Whitney engine shortages. Sales rose to 12.65 billion euros, beating analyst expectations, while the company maintained its 2026 guidance of 870 commercial aircraft deliveries. CEO Guillaume Faury said Airbus is monitoring Middle East conflict impacts while ramping up production. Boeing's recovery poses increased competition.
Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.
