Mazda Motor Corporation in Japan (Tokyo Stock Exchange Code No. 7261) posted record highs record highs for all profit line items for the first half of the Japanese fiscal year (April – September 2023). Net sales of ¥2,317.3 billion led to an operating income ¥129.6 billion, and net income ¥108.1 billion (~$7.2B). New SUVs, especially in North America, resulted in a strong per-unit revenue. Foreign exchange also contributed to the results. Global sales were 616,000 units, up 20% year on year, or ~100,000 units.
“Through the introduction of our Large product CX-90, following the introduction of the CX-60, and ongoing strong performance of mainstay products such as the CX-5, global sales volume increased 20% from the prior year. Other contributing factors were an improvement in market mix with a 40% year-on-year increase in sales in North America, mainly in the high-profit US market,” said Masahiro Moro, President and CEO Mazda Motor Corporation. Continue reading
US Airline Employment Above Pre-Pandemic Levels
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US airline industry employment* increased to 807,865 workers in September 2023, 2939 (0.37%) more workers than in August 2023 (804,926) and 64,765 (8.72%) more than in pre-pandemic September 2019 (743,100), according to the US DOT Bureau of Transportation Statistics.
US scheduled-service passenger airlines employed 533,238 workers in September 2023 or 66% of the industry-wide total. Passenger airlines added 2938 employees in September 2023 for a twenty-ninth consecutive month of job growth dating back to May 2021 as the Biden Administration economic recovery continues. Southwest led scheduled passenger carriers, adding 882 employees. United Air Lines added 736, and Delta Airlines added 708. Continue reading →