All the spending growth in the US economy is from the wealthy
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Delta Airlines' recent earnings report highlights a growing divide in the US economy, with spending growth concentrated among the wealthy. CEO Ed Bastian noted a strategic shift towards premium seating, as revenue from premium products rose 9% to $5.7 billion, surpassing the 7% decline in main cabin revenue. Despite beating earnings expectations, Delta's shares fell 3.7% due to cautious guidance amid geopolitical uncertainties. The airline also announced plans to purchase 30 Boeing 787-10 Dreamliners, positively impacting Boeing's stock by 2.3%.
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