Starbucks Stock Rises after Deal With Delta Air Lines
12 Outubro 2022 - 12:55PM
TipRanks
Coffee giant Starbucks (NASDAQ:SBUX) has some trouble on its hands.
On one side, there's a macroeconomic picture that threatens to make
pricey coffee inaccessible for most of its customer base. On the
other side, a growing unionization push threatens to send labor
costs spiking. However, a new deal with Delta Air Lines (NYSE:DAL)
sent Starbucks shares higher. The two companies merged their
rewards programs, which allows anyone who spends a dollar at
Starbucks to land a frequent flier mile with Delta. Those who buy
Starbucks ahead of a Delta flight will earn double “stars,” reports
note.
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