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☆ 4 flight attendants smuggled millions in drug money out of the US using the crewmember lane at JFK, prosecutors say
▼ + stars: | 2024-05-09 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Using this status, they could access a special security lane at John F. Kennedy International Airport without undergoing typical passenger screening procedures. Advertisement"Flight attendants are ideal for smuggling bulk cash" for this reason, a Homeland Security Investigations special agent wrote in the indictments. Related storiesThe pair believed the money was the proceeds of narcotics trafficking and needed to be transported, according to the indictment. AdvertisementHe said the investigation "exposed critical vulnerabilities in the airline security industry" and has "illuminated methods that narcotics traffickers are utilizing."

Persons: —, — Charlie Hernandez, Sarah Valerio Pujols, Emmanuel Torres, Jarol Fabio, John F, Damian Williams, Hernandez, Pujols, Torres, Fabio, HSI, Ivan J, Arvelo Organizations: Service, Business, US, Office, of, Transportation Security Administration, Kennedy, Homeland Security Investigations, Pujols, Customs, Border, JFK, Delta Airlines, NBC News, Delta Locations: New York, Dominican Republic, Southern, of New York

☆ A Delta Boeing 767 made an emergency landing after its exit slide fell off midair
▼ + stars: | 2024-04-27 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

A Delta flight from NYC to LA had to turn back after its emergency exit slide detached. AdvertisementA Boeing plane was forced to make an emergency landing on Friday after an emergency slide fell off the aircraft. The Delta spokesperson said the airline was "fully supporting retrieval efforts and will fully cooperate in investigations." In a second statement, Delta said that the incident set off an emergency alarm. AdvertisementDelta Airlines 767-332ER makes emergency return to John F. Kennedy International Airport after losing its right-hand side emergency slide.

Persons: —, Delta, John F, Flexport, Max Organizations: Boeing, Service, Delta Air Lines, New York's JFK, Delta, Kennedy, Airport, Breaking Aviation, JFK, Business, Federal Aviation Administration, Air Lines, Kennedy International, FAA, Alaska Airlines Locations: NYC, LA, JFK, New York's, New York, Portland , Oregon

☆ Airline pilots at Delta, American, and United can make more than $500k a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.

Persons: —, Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies

☆ Airline pilots at Delta, American, and United can make more than $500K a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.

Persons: —, Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia

☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ These 5 stocks are beating the S&P 500 — and analysts expect them to rise even further
▼ + stars: | 2024-03-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Markets are still red-hot even after a very good 2023, when the S & P 500 soared around 24%. The S & P 500 is up around 10% year-to-date, and in fact hit new record highs in March . Using FactSet, CNBC Pro screened the S & P 500 and the Vanguard FTSE All-World ex-US ETF for stocks that are beating the market so far this year — and that analysts love. We used these criteria: Up more than 10% so far in 2023 — beating the S & P 500. Just five stocks turned up from the S & P 500 screen: Amazon , Delta Airlines , Marathon Oil Corporation , Micron Technology and United Airlines .

Persons: —, Meituan Organizations: FTSE, CNBC Pro, Vanguard FTSE, Delta Airlines, Marathon Oil Corporation, Micron Technology, United Airlines . United Airlines, Analysts, Micron

☆ A 'server anomaly' that made it look like some advertisers were bidding billions of dollars sent the adtech industry into chaos
▼ + stars: | 2024-03-18 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementBusiness Insider confirmed that the cause of the error was a brief "server anomaly" at PubMatic, an adtech company. A PubMatic spokesperson said the anomaly, at one of its US data centers, caused "abnormally high CPMs being passed to the publisher ad server on a limited number of impressions." The PubMatic error occurred in the communication that happened between the SSP and PubMatic's ad server, according to the company. The actual financial impact for individual publishers and adtech companies is likely to be minimal.

Persons: —, Nicolas Schueller, Adomik, Friday's snafu, Kargo, aren't, PubMatic, Scott Messer Organizations: Service, Business, Publishers, CNN, AMC Networks, Fox, The New York Times, Delta Airlines, Comcast Locations: PubMatic, Friday's

☆ Live updates: Israel-Hamas war, Ramadan in Gaza, Rafah strikes
▼ + stars: | 2024-03-14 | by ( Chris Lau | Kathleen Magramo | ) edition.cnn.com time to read: 1 min

A Delta airlines aircraft arrives at JFK International Airport in New York on February 7. Charly Triballeau/AFP/Getty Images/FileDelta has said it will resume daily flights between Tel Aviv and New York on June 7. The route was suspended in October last year after Hamas' attack on Israel triggered the ongoing war. Delta said the decision to resume the service "follows an extensive security risk assessment by the airline." Delta was among multiple airlines that halted services to Tel Aviv following the October 7 attack, including American Airlines, Cathay Pacific and Air Canada.

Persons: Charly Triballeau, Delta Organizations: Delta, JFK International, Getty, American Airlines, Cathay Pacific, Air Canada Locations: New York, AFP, Tel Aviv and New York, Israel, Tel Aviv

☆ Delta is the latest airline to raise its checked bag fee
▼ + stars: | 2024-03-05 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +1 min

A Boeing 767 passenger aircraft of Delta airlines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on February 7, 2024. Delta Airlines just became the latest airline to raise its checked bag fee — this time by $5 beginning Tuesday, according to the company. In a statement, the airline said the fee for both the first and second checked bag is increasing by $5 for most domestic and short-haul international routes. It will now cost travelers $35 for the first checked bag and $45 for the second checked bag. It's the first Delta baggage price increase since 2018, which the company said will help it stay on pace with rising industry costs.

Persons: Delta Organizations: Boeing, Delta, JFK International, Delta Airlines, Delta SkyMiles Medallion, American Airlines, United Airlines, JetBlue, Alaska Airlines Locations: Dublin, New York, Manhattan

☆ Every Sky Miles member on a Delta flight got a free Virgin Voyages cruise, courtesy of Richard Branson himself
▼ + stars: | 2024-03-01 | by ( Joey Hadden | ) www.businessinsider.com time to read: +3 min

Delta passengers received a free Virgin Voyages cruise from San Juan on a recent flight. The free Caribbean voyage was offered to all adult Sky Miles members aboard the flight. Branson and Virgin staff members surprise passengers at the gate. A Virgin Voyages cruise is worth the priceGetting a free Virgin Voyages sailing is truly like winning a golden ticket. A snapshot from the author's Virgin Voyages cruise.

Persons: Richard Branson, Sky Miles, —, they'd, Cruise, Willy Wonka, Branson, CHRIS, San Juan —, Joey Hadden Organizations: Sky, Service, Virgin, Delta, Jackson Atlanta International Airport, DELTA AIRLINES, Sky Miles, Virgin Staff, Virgin Voyages, BI Locations: San Juan, Atlanta, Caribbean, Hartsfield

☆ Norfolk Southern proxy fight draws heavyweight politicians and regulatory scrutiny a year after derailment
▼ + stars: | 2024-02-27 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +12 min

Norfolk Southern' has underperformed both its peers and the broader market over the last year. Norfolk Southern responded on Monday, rejecting that slate and announcing it would nominate former Amtrak CEO Richard Anderson and former U.S. For Ancora, which has a successful track record as an activist investor, the proxy fight at Norfolk Southern would be its largest ever. EdgePoint controlled 3.4 million Norfolk Southern shares as of Dec. 31, or about 1.5% of shares outstanding. Norfolk Southern has yet to set a date for the annual shareholder meeting.

Persons: Alan Shaw, Norfolk Southern Scott Mlyn, John Kasich, Donald Trump, Ancora, Shaw, Jim Barber, Jamie Boychuk, Richard Anderson, North Dakota Heidi Heitkamp, Heitkamp, Anderson, Frank Blake, Matt Freed, Joe Biden, Biden, Trump, it's, there's, Ancora's, Hunter Harrison, Norfolk Southern, Martin Oberman, Oberman, Amit Bose, Bose, Jim Chadwick, Chadwick, Ancora beneficially, Barber, Boychuk, Harrison, Mandel Ngan, Ancora's Chadwick, Amy Miles, Miles, Claude Mongeau, CNBC's Leslie Picker, Heidi Heitkamp Organizations: Norfolk Southern, CNBC, Norfolk, Ancora Advisors, EdgePoint Investment Group, Republican, Amtrak, Delta Airlines, Cargill, Home Depot, U.S, Energy, Workers, East, Trump, Biden, Southern, PSR, Federal Railroad Administration, Surface Transportation, Federal, UPS, Teamsters, Canadian, . Norfolk Southern, CSX, Deutsche Bank, AFP, Getty Locations: Norfolk Southern, East Palestine , Ohio, Ohio, Norfolk, North Dakota, Medtronic, East Palestine, Cleveland, Ancora

☆ In another blow to Boeing, a Delta Airlines 757 jet lost a wheel under its nose just before takeoff from Atlanta
▼ + stars: | 2024-01-24 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA wheel under the nose of a Boeing 757 operated by Delta Air Lines popped out of place and rolled down a hill as the passenger jet prepared for takeoff, per the Federal Aviation Administration. The Delta flight on Saturday was carrying 184 passengers, four cabin crew, and two pilots, as it prepared to depart from an airport in Atlanta, Georgia, per a preliminary FAA report filed on Monday. The aircraft was lining up and waiting for takeoff when its "nose wheel came off and rolled down the hill," it stated. AdvertisementBoeing and Delta did not immediately respond to requests for comment sent by BI outside regular business hours.

Persons: —, Delta, Max Organizations: Service, Boeing, Delta Air Lines, Federal Aviation Administration, Business, FAA, Washington Post, Hartsfield, Jackson International Airport, Alaskan Airlines, Max, Delta, BI Locations: Atlanta , Georgia, Bogotá, Colombia

☆ United Airlines' CEO is quietly complaining about Boeing after being forced to ground dozens of planes, report says
▼ + stars: | 2024-01-23 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

United has had dozens of Boeing 737 Max 9s grounded since loose bolts were discovered this month. The grounding came after a door plug blew off an Alaska Airlines aircraft mid-flight. Following the incident, the Federal Aviation Administration grounded 171 Boeing 737 Max 9 aircraft for inspections. Inspections at United revealed loose bolts in its Boeing 737 Max 9 aircraft. United on Monday said the company expects a first-quarter adjusted loss of 35 to 85 cents a share due to the Boeing 737 Max 9 grounding.

Persons: Scott Kirby, —, Kirby, Max Organizations: Boeing, Max, Alaska Airlines, Bloomberg, Service, United, Federal Aviation Administration, Monday, Business, Boeing's, FAA, Delta Airlines Locations: Alaska

CHICAGO (AP) — A plane taxiing for departure clipped another aircraft at Chicago O'Hare International Airport on Sunday evening, the Federal Aviation Administration said Monday. No injuries were reported, both planes were of Boeing design, and the FAA says it will investigate the incident. The All Nippon Airways flight was a Boeing 777, and the Delta Airlines aircraft was a Boeing 717. Raymond Bongalon, a customer service representative with All Nippon Airways, said Monday afternoon that the airline could not yet provide any information on what happened. The airline's flight status search said Flight 11 was bound for Tokyo but canceled because of “aircraft inspection.”The Chicago Department of Aviation did not immediately respond to a request for comment.

Persons: Tony Molinaro, Emma Johnson, Raymond Bongalon, ___ Savage Organizations: CHICAGO, Chicago O'Hare International, Federal Aviation Administration, Boeing, FAA, All Nippon Airways, Delta Air Lines, Delta Airlines, Max, O'Hare, Associated Press, Delta, Chicago Department of Aviation, America Statehouse News Initiative, America Locations: O'Hare, Detroit, Tokyo

☆ 737 Max 9: What travelers need to know
▼ + stars: | 2024-01-10 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com time to read: +10 min

More than 170 of the Boeing 737 Max 9s remain grounded in the United States. Alaska Airlines said in a statement on January 20 that the airline had completed preliminary inspections on a group of their Max 9 aircraft. NTSB Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282, a Boeing 737-9 Max, in Portland, Oregon, on Sunday. NTSB/Handout/ReutersThe FAA order grounded 171 of the world’s 737 Max 9 aircraft. What do I do if my flight is canceled because of the grounding of the 737 Max 9?

Persons: Max, ” “ We’re, It’s, John Lovell, Kathleen Bangs, ”, Scott Keyes, ” Keyes, David Soucie, haven’t, it’s, Bangs, ” Bangs, she’s, Keyes Organizations: CNN, Boeing, Max, Federal Aviation Administration, Alaska Airlines, FAA, “, United Airlines, Delta Air Lines, Cirium . Lion, Delta Airlines, Lion, NTSB, Sunday, Reuters, Copa Airlines, Turkish Airlines, Lion Air, CNN Travel, United Locations: Alaska, Portland , Oregon, United States, United, Cirium, Indonesia, Panama, Turkish

☆ 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

☆ These 9 stocks are cheaper than the S&P 500 — and look set for big earnings growth in 2024
▼ + stars: | 2024-01-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +1 min

The S & P 500 rallied 24%, while the tech-heavy Nasdaq Composite ended 2023 up 43.4% in its best year since 2020. Still, there are some stocks trading at cheaper valuations than the broader S & P 500, and which analysts expect will have strong earnings growth in 2024. Delta also had among the highest expected earnings growth at over 90%, and a high buy rating of 82%. One communication services stock showed up — Match Group , with a forward P/E ratio of 18.9 and expected earnings growth of 55.6%. Targa Resources tied with Delta for having the highest buy rating on the list (about 82%).

Persons: Stocks, Delta Organizations: Tech, Nasdaq, CNBC Pro, . Delta Airlines, Arch Capital Group, Match, Targa Resources, Delta

☆ Airlines brace for record Thanksgiving air travel
▼ + stars: | 2023-11-18 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Airlines expect record travel demand this Thanksgiving. The Sunday after Thanksgiving is expected to be the busiest day during that period with an estimated 2.9 million passengers taking to the skies. And Thanksgiving will be a test to see how the aviation industry handles the year-end holidays while still managing strains like a prolonged shortage of air traffic controllers. Weather readiness is particularly key for Southwest Airlines , which canceled 16,700 flights late last year and in early 2024 following severe winter weather, while other airlines recovered more quickly. Those extra two minutes "just helps that flight and the next flight and the next flight," she said.

Persons: they're, David Pekoske, Andrew Watterson, Linda Jojo, Jojo Organizations: Delta Airlines, Orlando International Airport, Airlines, Transportation Security Administration, Carriers, Southwest Airlines, Skift Aviation, United Airlines Locations: Orlando , Florida, Dallas, Fort Worth , Texas, enplaning

MINNEAPOLIS (AP) — A $242 million overhaul will modernize the main terminal concourses and gate areas at Minneapolis-St. Paul International Airport, officials said. The project announced Thursday by the Metropolitan Airports Commission an Delta Airlines, the airport's dominant carrier, is expected to be completed by late 2025, the Minneapolis Star Tribune reported. Metropolitan Airports Commission CEO Brian Ryks said the goal is to create “an exceptional airport experience for the millions of passengers who travel through” the airport annually. The MAC is investing $182.5 million in the project, with Delta contributing $60 million. Political Cartoons View All 1240 ImagesMost of the work will occur at night so little disruption is expected for flight activity, officials said.

Persons: Brian Ryks Organizations: Paul International Airport, Metropolitan Airports, Delta Airlines, Minneapolis Star Tribune, MAC, Delta Locations: MINNEAPOLIS, Minneapolis, St, ”, Delta

☆ Morgan Stanley says consumers looking for 30% discounts on holiday shopping before buying, sell retail stocks
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Morgan Stanley highlighted several companies that are prepared to withstand — and even benefit from —consumers' shifting preferences this holiday season, as inflationary pressures dampen shoppers' budgets this quarter. According to Morgan Stanley's proprietary monthly survey, most holiday shoppers are looking to see 30% discounts, on average, before they begin spending this holiday season. A strong holiday season should benefit the entire airline industry given the ongoing demand for air travel among consumers across income brackets, according to Morgan Stanley. "Durable goods spending has slowed and that is expected to continue into the holiday season," Wilson said in the note. Toys could emerge as "relative winner" this season as they become a more top-of-mind purchase for parents during the holiday season, analyst Megan Alexander wrote.

Persons: Morgan Stanley, Michael Wilson, Morgan, They're, Ravi Shanker, Wilson, Amazon's, Brian Nowak, Lauren Schenk, Chewy, Morgan Stanley's, Alex Straton, Megan Alexander Organizations: Consumers, Delta Airlines, American Airlines and United Airlines, Southwest Airlines, Alaska Air Group, Apparel, Urban Outfitters, Abercrombie, Fitch Locations: Delta, U.S

☆ Morgan Stanley's stock playbook for this slowing, 'late-cycle' economy
▼ + stars: | 2023-10-25 | by ( Pia Singh | ) www.cnbc.com time to read: +6 min

To play this market, the firm recommended a "barbell" of traditional defensive stocks, some select growth opportunities and late-cycle cyclical names. Take a look below for some of Morgan Stanley's favorite stocks in this slow-growth environment. 1) Traditional Defensives Despite its year-to-date underperformance against the broader market, health care remains Morgan Stanley's preferred defensive sector. Still, popular consumer food companies Yum Brands and McDonald's are considered growth stocks based on their market cap and volatility. 3) Late-Cycle Cyclicals Several energy companies — including Marathon Oil , Valero Energy and ConocoPhillips — can shine in a late-cycle market environment, according to Morgan Stanley.

Persons: Morgan Stanley, Andrew Pauker, Pauker, Morgan Stanley's, Fisher, Dr Pepper, Eli Lilly, Devin McDermott, Ravi Shanker Organizations: Walmart, Fisher, " Beverage, CenterPoint Energy, Costco, Colgate, Palmolive, Yum Brands, UnitedHealth, Marathon Oil, Valero Energy, ConocoPhillips, Swift Transportation, Defense, Northrop Grumman, Howmet Aerospace, Delta Airlines

☆ Price hikes, hectic embassy guidelines and stranded pets: People struggle to find ways out of Israel
▼ + stars: | 2023-10-17 | by ( Jennifer Korn | ) edition.cnn.com time to read: +9 min

The first concern for those looking to leave Israel was when departing flights would resume, followed by the frustrations of actually booking the flight. Documents to travel with pets were not being processed to any country but the United States, she told CNN, but flight prices were skyrocketing into the thousands. “As we were boarding — because it was so manic — 10 or so people just went past the crew member,” they told CNN. Others looking to leave Israel detailed hearing misinformation about rocket strikes destroying the airport. Those people who are from the embassy that are at the airport, they’re super tired, and they’re really, really trying their best,” the Polish tourist told CNN.

Persons: ‘, ’ ” Jillian, Jillian, “, ”, ’, Emma Gottlieb, Gottlieb, Ben Gurion, Rachel Hammer, Hammer, ” Hammer, ” Milo Ferron, doesn’t, they’re, Biden, John Kirby, Floridians, Ron DeSantis, ” Jillian Organizations: New, New York CNN — Foreign, Ben Gurion International Airport, CNN, America ”, British Airways, Danish, Denmark’s Ministry of Foreign Affairs, US, — United, Delta, National Security, Emergency Management Locations: New York, Israel, Los Angeles, Tel Aviv, United States, Los Angeles , New York, London, Europe, America, British, New Mexico, Cyprus, “, Denmark, Polish, Greece, Netherlands, Europe —, Haifa, Florida’s

☆ Delta says Hollywood, auto strikes are denting business travel
▼ + stars: | 2023-10-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Recent strikes by Hollywood talent and United Auto Workers union members are a "drag" on business travel demand, which is otherwise recovering, Delta Air Lines President Glen Hauenstein said Thursday. The strikes have had "a not insignificant change in the business travel to and from Los Angeles as well as now the UAW strike, which curtailed a significant amount of the business in Detroit," Hauenstein said on an earnings call Thursday. But Hollywood actors, represented by the Screen Actors Guild-American Federation of Television and Radio Artists, are still on strike. Delta's Hauenstein noted that demand from technology and financial services customers posted double-digit growth in the third quarter, contributing to an overall rebound for business travel.

Persons: Glen Hauenstein, Hauenstein, Delta's Hauenstein Organizations: Delta Airlines, LAX, Hollywood, United Auto Workers, Delta Air Lines, Detroit Metropolitan Wayne County Airport, Los Angeles International Airport, UAW, Detroit, Screen, American Federation of Television, Radio Artists, Alliance, Television Producers, Disney, Universal, Netflix, Comcast, CNBC Locations: Los Angeles , California, U.S, Los Angeles, Detroit, NBCUniversal

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Delta Airlines is a premium brand with room to run, says Patient Capital's Samantha McLemore
▼ + stars: | 2023-09-27 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta Airlines is a premium brand with room to run, says Patient Capital's Samantha McLemoreSamantha McLemore, founder and chief investment officer of Patient Capital Management, joins 'The Exchange' to discuss markets seeing a natural correction, higher real rates favoring companies with strong cash flow, and seeking out stocks that offer high dividend yields.

Persons: Samantha McLemore Samantha McLemore Organizations: Delta Airlines, Patient Capital Management

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