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☆ Behind America's divided economy: Booming luxury travel and a jump in 'relief' loans
▼ + stars: | 2024-05-10 | by ( Alex Harring | ) www.cnbc.com time to read: +11 min

First-class travel has exhibited special strength, though management noted that can be tied in part to a resurgence of business trips. People taking these loans are more likely to be lower-income with no more than a high school diploma, Lanier said. Daniel Acker | Bloomberg | Getty ImagesFrozen food maker Tyson Foods has seen consumers shifting more to eating at home than the quick-service restaurants it supplies. It's also important to remember that lower-income Americans were feeling financial pressures before the pandemic, said Tyler Schipper, an associate professor of economics at the University of St. Thomas in Minnesota. Airbnb touted interest in travel to events like the Paris Olympics and the European Cup in Germany this summer.

Persons: there's, It's, Christophe Le Caillec, underscoring, Blair Lanier, Lanier, McDonald's, Tyson, Daniel Acker, Tyson Foods, Stanley Black, Decker, Jane Fraser, CNBC's Sara Eisen, Fraser, Nancy Lazar, Piper Sandler, Tyler Schipper, Thomas, Schipper, Eric Thayer, We've, Cliff Pemble Organizations: TSN, American Express, Federal Reserve, CNBC, People, University of Michigan, San Francisco Federal Reserve, U.S, PepsiCo, Bloomberg, Getty, Tyson, Management, Adobe Analytics, Furniture, Citigroup, University of St, Airlines, Delta Air Lines, JetBlue Airways, Caribbean . Booking Holdings, Paris Olympics, European, Ticketmaster, Cedar Fair, Flags, Wayfair, Garmin Locations: America, U.S, Minnesota, New York, Germany, Valencia , California

☆ Here’s what North American airline passengers think about the state of air travel
▼ + stars: | 2024-05-08 | by ( Francesca Street | ) edition.cnn.com time to read: +5 min

Power’s 2024 North American Airline Satisfaction Study. Power hasn’t revealed an overall North American airline passenger satisfaction score, with Mike Taylor, travel intelligence lead at J.D. Power’s top North American airlines for economy passengers1. Power’s top North American airlines for premium economy passengers1. Power’s top North American airlines for first/business passengers1.

Persons: –, Power hasn’t, Mike Taylor, That’s, Tony Gutierrez, ”, Taylor, “, ” Taylor Organizations: CNN, North, Southwest Airlines, Southwest, Delta Air Lines, Delta, JetBlue, AP, ” Airlines, Allegiant, Alaska Airlines, JetBlue Airways, American Airlines, United Airlines, Air Canada, Spirit Airlines, Frontier Airlines, Delta Air, . Alaska Airlines, Air Locations: ., J.D, Power, Delta, North America

☆ Emergency Slide That Fell From Delta Flight Is Recovered From Queens Jetty
▼ + stars: | 2024-04-30 | by ( Jesus Jiménez | Isabella Kwai | ) www.nytimes.com time to read: +1 min

An emergency slide that fell from a Delta Air Lines flight just minutes after takeoff on Friday was recovered on Sunday along a jetty in a Queens neighborhood about six miles from Kennedy International Airport, officials said. The New York City Department of Parks and Recreation said that Delta Air Lines had recovered “a large piece of debris” from the jetty near Beach 131st Street in Belle Harbor, southwest of the airport. Delta Air Lines said in a statement on Tuesday that it had retrieved the slide from the jetty. It was unclear whether the slide had landed on the jetty, a small rock pier built to break apart waves, or it had washed up there. The crew also noticed a “non-routine” sound from that wing, the airline said.

Organizations: Delta Air Lines, Kennedy International Airport, The New York City Department of Parks, Recreation Locations: Queens, Beach, Belle Harbor, New York, Los Angeles

☆ Stocks making the biggest moves midday: Cava, Nvidia, Deckers, Block, Taiwan Semiconductor and more
▼ + stars: | 2024-04-10 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Cava — Shares jumped 4.4% after Argus upgraded the Mediterranean food chain to buy from hold, saying investors should buy the dip. Cava has a "long runway to growth," the firm said. Nvidia — Shares rose 1.7% as the "Magnificent Seven" leader tried to claw its way out of correction territory . Earnings came in at 45 cents per share, 9 cents ahead of the 36 cents expected by analysts polled by LSEG. Alibaba — Shares rose 1.2% on news that Jack Ma, co-founder of the China-based e-commerce company, touted Alibaba's management and talked about the potential for AI in an internal memo to employees.

Persons: Truist, Cava —, William Blair, Vital, Jefferies, Wednesday's, Albemarle, Jack Ma, Samantha Subin, Michelle Fox Theobald, Lisa Kailai Han Organizations: Hoka, Argus, Nvidia, Vital, Mizuho, Zillow, National Association of Realtors, GoodRx Holdings, Delta Air Lines, LSEG, Bank of America, Taiwan Semiconductor Manufacturing Locations: Cava, China

☆ Jim Cramer shares his thoughts on Delta Air Lines, TSMC, Cava Group, Albemarle and Alibaba
▼ + stars: | 2024-04-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Delta Air Lines : Delta on Wednesday reported better-than-expected first quarter results and issued second-quarter guidance that shows that demand for travel is still strong. "Here's the two things you can do: If you know Nvidia you can say, 'Oh, well that's wrong.' If you don't know Nvidia, you would say, 'Oh my god, what do I do?' Cava Group : Analysts at Argus upgraded the Mediterranean restaurant chain's stock to a buy rating from hold after a period of weakness. Albemarle : Bank of America upgraded shares of the lithium producer to buy from neutral, arguing prices of lithium have bottomed.

Persons: Jim Cramer's, Ed Bastian, Jim Cramer, Cramer, Jack Ma Organizations: CNBC, Club, Delta Air Lines, Delta, Taiwan Semiconductor Manufacturing Company, Nvidia, Argus, Bank of America Locations: Taiwan, Albemarle

☆ Stocks making the biggest moves premarket: Albemarle, Deckers Outdoor, GoodRx, Nvidia and more
▼ + stars: | 2024-04-10 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Nvidia — Stock in the chipmaker slipped less than 1% before the opening bell, but the artificial intelligence play and "Magnificent Seven" leader officially entered correction territory on Tuesday. Shares have fallen 10% from an all-time closing high of $950 per share on March 25. Alibaba Group — The China-based e-commerce stock rose nearly 3% on media reports that co-founder Jack Ma touted the company's management in an internal memo to employees. GoodRx — Shares climbed nearly 4% after KeyBanc upgraded the telemedicine stock to overweight on the heels of a strong subscriber growth forecast. Deckers Outdoor — Shares slipped more than 2% after Truist downgraded the footwear stock to hold over concerns that demand for core products including Hoka is declining.

Persons: Jack Ma, Truist, Ed Bastian, —, Sarah Min, Tanaya Macheel Organizations: Nvidia —, Alibaba, Albemarle —, Bank of America, KeyBanc, Delta Air Lines, CNBC Taiwan Semiconductor Manufacturing Locations: China

☆ Stock futures tick higher as key March inflation report looms: Live updates
▼ + stars: | 2024-04-09 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures inched higher Tuesday night as investors await key U.S. inflation data that will inform the Federal Reserve's path on rate policy. During Tuesday's regular trading, investors appeared to be in a holding pattern ahead of the March consumer price index report. The CPI report, which is set to release on Wednesday at 8:30 a.m. Fed funds futures trading data suggests a 42% likelihood that the central bank will hold steady on rates in June, according to the CME FedWatch Tool. In addition to the big inflation report on Wednesday, investors are also looking forward to the meeting minutes from the Fed's gathering last month.

Persons: Dow, Dow Jones, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, CPI, Traders, LPL, Delta Air Lines Locations: New York City, Quincy

☆ The best and worst airlines in the US for 2023, according to the WSJ
▼ + stars: | 2024-01-24 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

American and United sat in the middle of the group, mostly losing points for cancelations, tarmac delays, and baggage mishaps. AdvertisementHere's a closer look at the best and worst airlines in the US for 2023 — and how they ranked in each category in the WSJ rankings:9. JetBlue AirwaysJetBlue Airways ranked dead last in the WSJ's annual list of best and worst US airlines for 2023. AaronP/Bauer-Griffin/GC Images via Getty Images2022 Rank: 1Delta is the best airline in the US for 2023, according to The Wall Street Journal's ranking. It was second for extreme delays, fourth for tarmac delays and mishandled baggage, and fifth for flight cancelations — its lowest finish overall.

Persons: —, Delta, Allegiant, Andrew Watterson, United, Marcus Mainka, Tayfun, Mario Tama, Nicolas Economou, Robert Alexander, Tom Williams, Bauer, Griffin Organizations: Delta Air Lines, Alaska Airlines, JetBlue Airways, Service, Delta, Allegiant, Department of Transportation, — United Airlines, American Airlines, Max, Southwest Airlines, Journal ., Spirit Airlines, Frontier Airlines, Jetblue, JetBlue, Airlines, JetBlue Airways JetBlue Airways, Anadolu Agency, Getty, cancelations, Spirit Airlines Spirit Airlines, United Airlines United, American Airlines American Airlines, Southwest Airlines Southwest Airlines, Southwest, Delta Air Lines Delta Air Lines Locations: West Coast, Seattle, Alaska, New York City, New York, Southwest

☆ American Airlines' frequent flyer program is changing. Here’s what you need to know
▼ + stars: | 2024-01-09 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Elite status on airlines rewards big spenders with perks like complimentary upgrades and free checked bags. First things first: American Airlines isn't changing the requirements to earn elite status at the airline in the coming earning year. Loyalty programs were a lifeline for airlines during the Covid pandemic when travel slowed to a trickle. Carriers have been grappling with a surge in elite travelers, repeatedly increasing the requirements to earn status, and tweaking benefits. For customers striving for elite status, the airline will give them bonus loyalty points after they've earned 15,000.

Persons: Ronald Reagan, Scott Chandler, American's, they've Organizations: American Airlines Airbus, Ronald Reagan Washington National Airport, American Airlines, Admirals Club, Delta Air Lines, United, Delta Locations: Ronald Reagan Washington, Arlington , Virginia, American

☆ Earnings playbook: Your guide to the biggest reports this week, including JPMorgan
▼ + stars: | 2024-01-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

Friday UnitedHealth is set to report earnings before the bell, with a conference call scheduled for 8:45 a.m. JPMorgan Chase is set to report earnings before the market opens. Management has said it will disclose severance costs and job cuts along with fourth quarter earnings." Delta Air Lines is set to report earnings before the bell, followed by a call at 10 a.m. What history shows: Bank of America beats earnings estimates 79% of the time, per Bespoke.

Persons: Wells, John Butters, Butters, UNH, UnitedHealth, CVS, JPMorgan Chase, Hugh Son, Jane, DAL, Leslie Josephs Organizations: JPMorgan Chase, Citigroup, Bank of America, Delta Airlines, CNBC, LSEG, JPMorgan, First, Management, Delta Air Lines, CNBC CNBC, Delta Locations: Wells Fargo

☆ The Black Friday Travel Deals Worth Buying — and the Ones to Skip
▼ + stars: | 2023-11-24 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

Airlines, hotels and cruise lines are touting massive sales right now. Not every offer is actually a good deal. The deals run the gamut. Delta Air Lines ’s Black Friday promotion offers up to $300 off flight and hotel bookings for trips to select destinations through the end of January 2024 for SkyMiles members. Spirit Airlines is advertising savings of 40% when people buy 12,000 or more points for its rewards program through Dec. 1.

Organizations: Delta Air Lines, Spirit Airlines

☆ The Black Friday Travel Deals to Take and Ignore
▼ + stars: | 2023-11-24 | by ( Jacob Passy | ) www.wsj.com time to read: 1 min

Organizations: Delta Air Lines, Spirit Airlines

The late crush of holiday travelers is picking up steam, with about 2.7 million people expected to board flights on Wednesday and millions more planning to drive to Thanksgiving celebrations. The Transportation Security Administration predicts that it will screen 2.7 million passengers Wednesday and a record 2.9 million on Sunday, the biggest day for return trips. AAA says the nationwide average for gas was down to $3.29 a gallon on Tuesday, compared with $3.66 a year ago. Air travelers will enjoy lower prices too. Even so, the high cost of rent, food, health care and other expenses were weighing on people's travel plans.

Persons: Pete Buttigieg, TSA's, David Pekoske, ABC’s, ”, “, Airfares, Hopper, Jason McQueary, ’ ”, McQueary, Erin Hooley Organizations: Southwest Airlines, Airlines, Delta Air Lines, Federal Aviation Administration, New, Transportation, FAA, Transportation Security Administration, America, AAA, Drivers, Chicago O’Hare, _________ Associated Press Locations: United States, New York City, East Coast, snowplows, Denver, Chicago, Byron , Illinois

☆ $29 flights are back as airlines race to fill seats in the off-season
▼ + stars: | 2023-11-11 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

A Frontier Airlines airplane taxis past a Spirit Airlines aircraft at Indianapolis International Airport in Indianapolis, Indiana. Southwest Airlines , for example, last month offered one-way fares of $29 for flights early in the morning or at night, just one example of airline discounting for off-peak periods. Airlines have scheduled a record 259.8 million seats for domestic flights in the fourth quarter, up nearly 8% from last year, on 1.86 million flights, up 6% from 2022, according to aviation-data firm Cirium. United Airlines said it expects to fly 5.9 million passengers from Nov. 17 to Nov. 29, up 13% from last year and 5% more than 2019. That means they could increase their inventory of cheaper basic economy fares during weaker demand periods, or raise fares when demand is high for premium seats.

Persons: Luke Sharrett, Ryan Green, Scott Keyes, airfare, Bob Jordan, Jordan, Barry Biffle, we're, Hopper, that's, Biffle, Henry Harteveldt Organizations: Frontier, Spirit Airlines, Indianapolis International Airport, Bloomberg, Getty, Texas — Airlines, Southwest Airlines, Skift Aviation, Airlines, JetBlue Airways, Budget, JetBlue, Frontier Airlines, . Frontier Airlines, CNBC, Delta Air Lines, United Airlines, American Airlines, Southwest, Atmosphere Research Locations: Indianapolis , Indiana, Texas, Miramar , Florida, Orlando, Vegas

☆ Stocks making the biggest moves premarket: Ford, Target, Walgreens, Domino's Pizza, First Solar and more
▼ + stars: | 2023-10-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Target — The retailer rose 2.8% after Bank of America upgraded Target to buy from neutral. ResMed — The medtech device stock slipped 2% after a downgrade by RBC Capital Markets to sector perform from outperform. Plug Power — The battery stock added 1.2% after JPMorgan added the company to its positive catalyst watchlist, and highlighted potential near-term upside. First Solar — Stock in the solar panel maker added nearly 4% following an upgrade to overweight from Barclays, with analyst Christine Cho highlighting an attractive valuation. Domino's Pizza — Shares of the pizza delivery company slipped more than 3% on mixed third-quarter results.

Persons: ResMed, Christine Cho, Warby Parker, Janine Stichter, Jesse Pound, Michelle Fox, Pia Singh, Yun Li Organizations: Ford —, United Auto Workers, Target, Bank of America, Walgreens, Delta Air Lines, Delta, RBC Capital Markets, RBC, JPMorgan, Barclays, BTIG, BMO Capital Markets Locations: Kentucky, U.S

☆ Stock futures inch higher as Wall Street awaits key inflation data: Live updates
▼ + stars: | 2023-10-11 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange during morning trading on January 04, 2023 in New York City. U.S. stock futures ticked up Wednesday night as investors looked toward new consumer inflation data for greater insight on the economy. Futures tied to the Dow Jones Industrial Average added 38 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures inched up about 0.2% each. "[August's] CPI print was a bit stronger than we anticipated, though the downward trend in core inflation persisted.

Persons: Dow Jones, Andrew Patterson, Raphael Bostic, Susan Collins Organizations: New York Stock Exchange, Futures, Dow Jones, Nasdaq, Dow, Investors, Federal Reserve, Vanguard, Traders, Atlanta Fed, Boston Fed, Delta Air Lines, Walgreens Boots Alliance Locations: New York City . U.S, Israel

☆ These stocks are looking mighty cheap going into earnings season
▼ + stars: | 2023-10-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +3 min

The third-quarter earnings season is set to kick off this week, with certain stocks trading at attractive valuations. Going into earnings, 76 companies in the S & P 500 have already issued negative earnings per share guidance for the third quarter, compared to 42 companies that have announced positive earnings per share guidance, FactSet data shows. With this in mind, CNBC Pro screened for stocks with growing earnings that are also trading at a discount. Growing earnings: Earnings per share have grown more than 20% over the past 12 months. The company's trailing 12 months P/E ratio is 6.3, significantly lower than the five-year average P/E of 22.61.

Persons: — CNBC's Michael Bloom Organizations: Delta Air Lines, Infosys, JPMorgan Chase, Citigroup, PNC Financial Services, Wells, CNBC Pro, Major U.S, Delta, United Airlines, Devon Energy, Semiconductor, Qualcomm Locations: Blackrock, Oil, Monday's, Israel

U.S. air carriers United Airlines (UAL.O) and American Airlines (AAL.O) suspended direct flights to Israel after the Federal Aviation Administration urged airlines to exercise caution. Many European airlines have also cancelled flights. Norwegian Air (NAS.OL) cancelled its flights from Copenhagen and Stockholm to Tel Aviv this week and Ryanair (RYA.I) cancelled flights through to Wednesday. Lufthansa (LHAG.DE), also among the airlines most exposed to Israel according to Goodbody, cancelled flights to and from Tel Aviv through Monday. Hainan Airlines (600221.SS), the only Chinese airline to fly between China and Israel, and other airlines flying from Hong Kong and South Korea cancelled flights to Tel Aviv.

Persons: We've, Matt Berna, Benjamin Netanyahu, Amir Cohen, Britain's, Goodbody, . Virgin Atlantic, IAG, Sharon Singleton, Rosalba O'Brien Organizations: Tel, United Airlines, American Airlines, Federal Aviation Administration, Delta Air Lines, El Al, Fighters, Tourism, Royal, Intrepid Travel, Regulators, FAA, European Union Aviation Safety Agency, Israeli, Ben Gurion International, REUTERS, Delta, Air, Portugal's TAP, Norwegian, Ryanair, Sunday, Wizz, Lufthansa, . Virgin, British Airways, Hainan Airlines, Reuters, Thomson Locations: Tel Aviv, Russia, Israel, Gaza, Israel's, Jerusalem, Americas, U.S, New York, Chicago, Washington, Miami, Lod, Europe, Air France, Copenhagen, Stockholm, Hungarian, China, Hong Kong, South Korea, Hainan, Beijing, Shenzhen, Cairo

☆ Watch these stocks ahead of a historically weak September on Wall Street
▼ + stars: | 2023-09-05 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Investors are gearing up for a historically weak month on Wall Street. But some stocks on Wall Street have found a way to stave off the broader weak sentiment in the past. At least 55% of analysts maintain a buy rating. Analysts are bullish on the premier airline stock, with 85.7% of analysts rating shares as a buy. Nearly 61% of analysts polled by FactSet hold a buy rating on Enphase stock, with their average forecasts implying nearly 57% upside from the stock's current trading levels.

Persons: FactSet, Brandt Montour, Charles Schwab, —, Fred Imbert Organizations: CNBC, Delta Air Lines, Energy, Caesars Entertainment, Caesars, Barclays Locations: DAL, Albemarle

☆ UPS workers approve massive new labor deal with big raises
▼ + stars: | 2023-08-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

UPS workers ratified a massive five-year labor deal that includes big wage increases and other improvements to work rules and schedules, the International Brotherhood of Teamsters said Tuesday. The deal passed with 86.3% of votes, the highest contract vote in the history of Teamsters at UPS, according to the union. The parties had until July 31, when the previous labor contract was set to expire, to reach a deal and avoid a work stoppage. Current workers will get $2.75 more an hour this year and $7.50 an hour more over the five-year contract. FedEx pilots turned down a tentative agreement for a new labor contract earlier this summer.

Persons: Sean O'Brien, Carol Tomé Organizations: International Brotherhood of Teamsters, Teamsters, UPS, Amazon, U.S . Chamber of Commerce, Workers, American Airlines, United Airlines, Delta Air Lines, Southwest Airlines, FedEx Locations: U.S

☆ American price elasticity stretched to the limit
▼ + stars: | 2023-08-10 | by ( Ben Winck | ) www.reuters.com time to read: +3 min

WASHINGTON, Aug 10 (Reuters Breakingviews) - The United States may be over the hump on inflation, but consumers aren’t acting like it. Lingering restraint will stretch the power of price elasticity to its limits. Similarly, PepsiCo’s (PEP.O) 14% increase in North American prices of Mountain Dew, Tropicana orange juice and other beverages cost it 4% in quarterly sales. Strong appetites for Oreos and Wheat Thins lifted Mondelez International’s (MDLZ.O) sales 2% in the United States, Canada and Mexico, even as prices climbed 10%. They have climbed 3.5% from a year earlier, surpassing the 3.2% annual increase in the Consumer Price Index.

Persons: Mondelez, Darden, Ricardo Cardenas, Laxman Narasimhan, Marriott, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Reuters, of Michigan, U.S . Bureau of Labor Statistics, Capital, Procter & Gamble, Delta Air Lines, United Airlines, Reuters Graphics Reuters, U.S, of Labor Statistics, Thomson Locations: States, Dew, United States, Canada, Mexico, American

☆ American Airlines boosts pilot contract offer by $1 billion after United deal
▼ + stars: | 2023-07-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An American Airlines plane takes off from the Miami International Airport on May 02, 2023 in Miami, Florida. American Airlines raised its offer for a new pilot contract by more than $1 billion to match a preliminary deal last week between rival United Airlines and that carrier's aviators. Airlines and pilot unions had been negotiating new deals for years. Delta Air Lines pilots approved a new agreement in March for a deal that includes 34% raises over four years. The new offer includes 21% pay bonuses and pay on par with United and Delta, the Allied Pilots Association, their union, said Friday.

Persons: Robert Isom, Ed Sicher, Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, United Airlines, United, . Airlines, Unions, Delta Air Lines, Delta, Allied Pilots Association Locations: Miami , Florida

☆ Focus: Shifting trends in travel demand bedevil US airlines
▼ + stars: | 2023-07-21 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +4 min

But travel patterns are shifting so often, partly due to work-life changes wrought by the pandemic, that airlines must constantly adapt on booking plane seats and remain cautious in forecasting demand and revenue. American Airlines (AAL.O) Chief Financial Officer Devon May attributed the challenge to the difficulty in forecasting demand. Worries about future demand were a reason American Airlines' stock fell 6% on Thursday even after it raised its full-year earnings forecast. It was a risky bet as booking data from the previous quarter had shown customers were booking trips well in advance. Delta said Southern Europe's summer travel season is now longer than it used to be, prompting the airline to adjust its network.

Persons: Devon, We're, United, United's, Andrew Nocella, Henry Harteveldt, Harteveldt, Rahul Sen Sharma, Sharma, Ed Bastian, Delta, Glen Hauenstein, Rajesh Kumar Singh, Ben Klayman, Matthew Lewis Organizations: Consumers, American Airlines, Reuters, United Airlines, Atmosphere Research, Airlines, Air Lines, Thomson Locations: Southern, Chicago

☆ US House to weigh bill allowing older pilots, other aviation reforms
▼ + stars: | 2023-07-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

The House bill, approved 63-0 by the Transportation Committee in June, would reauthorize Federal Aviation Administration (FAA) aviation safety and infrastructure programs for the next five years. The pilot age proposal faces opposition from unions and Transportation Secretary Pete Buttigieg who worry it could complicate operations. The Air Line Pilots Association (ALPA) says it could cause airline scheduling and pilot training issues and require reopening pilot contracts. Buttigieg told Fox News Radio Friday that "I would want to see a lot more data before we could feel comfortable with any kind of change" to the pilot age rules. The House bill would also bar airlines from charging family seating fees but would not impose new rules sought by President Joe Biden to compensate passengers for delays.

Persons: Pete Buttigieg, Buttigieg, Joe Biden, David Shepardson, Susan Heavey Organizations: U.S . House, Republican, Transportation, Federal Aviation Administration, FAA, Air Line Pilots Association, Fox News Radio, Regional Airline Association, Senate, Colgan Air, U.S, Reagan Washington National Airport, Delta Air Lines, United Airlines, American Airlines, Thomson Locations: United States, Russia, Buffalo

☆ Bet on these stocks to beat the Street with earnings season about to kick off, says Bank of America
▼ + stars: | 2023-07-11 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The outlook for this earnings season looks bleak, but Bank of America thinks there are some companies that can still deliver upside surprises. The season kicks off this week, with banking giants JPMorgan Chase , Wells Fargo and Citigroup set to report. BofA screened the S & P 500 for companies most likely to beat consensus earnings expectations. To find these names, the bank used this criteria: BofA earnings estimate above the Street consensus. Companies that beat earnings per share and revenue during the last reporting season.

Persons: Wells, BofA, SolarEdge, Julien Dumoulin, Smith, — CNBC's Michael Bloom Organizations: Bank of America, JPMorgan Chase, Citigroup, Delta Air Lines, PepsiCo, Meta, United Rentals, Corning Locations: Wells Fargo, Horton

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