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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest's $4 billion earnings bet is a stretch: Jefferies' Sheila KahyaogluSheila Kahyaoglu, Jefferies aerospace and defense analyst, joins CNBC's 'Money Movers' to discuss Southwest's investor day, the carrier's updated plans and guidance, and more.
Persons: Jefferies, Sheila Kahyaoglu Sheila Kahyaoglu Organizations: Jefferies
Southwest Airlines introduces premium seating with extra legroom to boost revenue. Southwest said Thursday that about a third of its planes will get extra-legroom seats that boast at least five inches of extra pitch. Southwest is adding some typical industry perks to its planes, like inflight power and extra legroom seats. Southwest Airlines"On our larger aircraft, we didn't have to give up any seats," Southwest executive vice president for commercial transformation Ryan Green said during Thursday's Investor Day. AdvertisementIts future 737 Max 7 will have 48 extra legroom seats, also with 34 inches.
Persons: , Ryan Green, you'd, Green, Max, Kevin Carter Organizations: Southwest Airlines, Service, Airlines, Boeing, Max, Southwest Airline Boeing, JetBlue Airways Locations: Southwest, Chicago
Elliott Management said Tuesday it will call a special meeting at Southwest Airlines "as soon as next week," shortly after the company put forward a sweeping board shakeup that it hoped might stave off a proxy fight. The push comes days before the airline's investor meeting, where it is expected to unveil improvements and operating changes. Southwest's shareholder meeting is typically scheduled for May, but by calling for a special meeting Elliott is looking to elect new directors much sooner than that. Earlier this month, executive chairman and former CEO Gary Kelly said he would step down after the carrier's shareholder meeting next year. "The need for change is urgent, and our request for a special meeting may come as soon as next week," Pike and Xu said.
Persons: Elliott, Bob Jordan, Gary Kelly, John Pike, Bobby Xu, Pike, Xu, Andrew Watterson, Robert Jordan Organizations: Elliott Management, Southwest Airlines, Airlines, Aircraft Mechanics Fraternal Association
Southwest Airlines has warned employees that it will have to make "difficult decisions" ahead to boost profits as the carrier faces pressure from activist Elliott Investment Management, which has sought leadership changes at the company. Southwest over the summer announced a host of major changes to its more than 50-year-old business model to drum up revenue. It plans to ditch open seating for assigned seats, offer seats with more legroom that fetch a higher fare and start red-eye flights. We also have to change our network," Watterson said in the video, a transcript of which was seen by CNBC. Southwest did not immediately comment on the staff message.
Persons: Andrew Watterson, Watterson, Elliott, Gary Kelly Organizations: Southwest Airlines, Elliott Investment Management, Google, CNBC, JetBlue, Southwest, Wing Locations: It's, Dallas
In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue planes at JFK's Terminal 5 in New York. Leslie Josephs | CNBCJetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at the carrier's hubs in New York late next year followed by Boston, JetBlue said Thursday. She said JetBlue doesn't want to disappoint customers if they aren't able to get into the lounges because they are too crowded. The highest-tier of JetBlue's loyalty program and holders of the new premium card will get free access to the lounge for one guest.
Persons: Leslie Josephs, John F, Jayne O'Brien, JetBlue's Organizations: JetBlue, CNBC JetBlue Airways, Barclays, Delta Air Lines, United Airlines, American Airlines, JetBlue's Mint, Kennedy International, Boston Logan International, Airbus, CNBC Locations: New York, Boston
Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The new lounges, the first of which are set for New York's JFK International and Boston Logan International, are part of the New York-based carrier's continued push to bolster its premium Mint business class experience. AdvertisementThat changed in 2016 when the airline launched its first Mint premium business class cabin with lie-flat seats. Loyalty is big business for airlinesFor the airline industry, loyalty extends beyond the benefits of return business. With the new lounges in its arsenal, the airline will be better positioned to keep loyal customers coming back.
Persons: , carrier's, Marty St, George, Jayne O'Brien, Leonard Zhukovsky, O'Brien, Thomas Pallini Organizations: Service, JetBlue Airways, New York's JFK International, Boston Logan International, JetBlue, Jetblue, Business, JFK, Mint, JetBlue's Mint, American Airlines Admirals Club, Northeast Alliance, Airlines ' Admirals Club, Delta, American Express, American Airlines, Citi Locations: York, New York, Boston
Bloomberg | Bloomberg | Getty ImagesThe aviation industry still sees so-called "sustainable aviation fuel" (SAF) as the only viable way to meet its decarbonization targets, even as opposition and the potential for higher costs for passengers pose obstacles to the fast-growing sector. SAF is a broad term describing fuel that is burned by an aircraft engine, but instead of using kerosene is derived from more sustainable sources. The planemaker said it is collaborating with producer HIF Global on the development of methane-based fuels, and investing in alcohol-to-jet fuel producer LanzaJet. But IATA's own forecast for SAF production to triple in 2024 to 1.9 billion liters would cover just 0.53% of aviation fuel demand for the year. "The truth is, it's going to be more expensive, you can't really sugarcoat that," said HIF Global's Clara Bowman.
Persons: Neste, HIF, Buzz, Lauren Riley, Riley, Rick Nagel, You've, Clara Bowman, Bowman, United's Lauren Riley, HIF Global's Clara Bowman Organizations: SAF, Bloomberg, Getty, United Airlines, Chicago O'Hare International, Labour, Airbus, Farnborough Air, CNBC, International Air Transport Association, Acorn Capital Management, Porsche, HIF, Union's Renewable Energy Directive, Biden, Boeing, Google, Embraer Locations: Singapore, Chile, Texas, U.S, America
Bank of America highlighted a host of stocks that are worth snapping up — including a few names benefiting from the artificial intelligence and data center revolution. Johnson Controls "Best-in-class data center assets and change is coming. … Leading position in data centers JCI is on track to generate ~$4bn from data centers, or ~14% of revenue in FY24E. JCI's data center exposure compares to Trane Technologies' ~4% and Carrier's ~3%, by our estimate. … We rate Broadcom Buy due to its high-quality diversified exposure to secular product cycles in the smartphone, cloud data center, telecom and enterprise storage markets."
Persons: Alexander Waters, Waters, Dycom, Johnson, it's, Andrew Obin, Obin, George Oliver, Vivek Arya, Arya's, Arya Organizations: America, CNBC, Bank of, National Grid, Broadcom, Nvidia, Johnson, Dycom Industries, government's Broadband Equity, Dycom, JCI, Johnson Controls, VMware, Industries, Trane Technologies Locations: FY24E
American Airlines flight attendants approved a five-year labor deal, ending one of the industry's most contentious contract negotiations and giving cabin crews raises of up to 20.5% at the start of October. Eighty-seven percent of the American Airlines flight attendants who voted approved the contract, the union said Thursday, shortly after polls closed. Flight attendants are the biggest unionized work group at the Fort Worth-based airline. "Reaching an agreement for our flight attendants has been a top priority, and today, we celebrate achieving this important milestone," American CEO Robert Isom said in a statement. United Airlines and its flight attendants' union are still negotiating for a new contract, while Alaska Airlines cabin crew members recently rejected a tentative labor deal.
Persons: Julie Hedrick, Pete Buttigieg, Julie Su, Robert Isom Organizations: Association of Professional, Fort Worth International, American Airlines, Fort, Transportation, Labor, National, United Airlines, Alaska Airlines, Boeing Locations: Dallas, DFW, Dallas , Texas, Fort Worth, Hollywood
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Southwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management. Elliott in June revealed a nearly $2 billion stake in Southwest, seeking to oust leadership, including CEO Bob Jordan, who has also spent nearly four decades at the carrier. Southwest has also brought in outside experts, including Bob Fornaro, former CEO of Spirit Airlines and AirTran, which Southwest acquired. Southwest has an investor day scheduled for Sept. 26 in Dallas to expand on these and other initiatives.
Persons: Gary Kelly, Kelly, Herb Kelleher, Elliott, Bob Jordan, Bob Fornaro Organizations: Southwest Airlines, Elliott Investment Management, Southwest, Dallas, Texas, Spirit Airlines, Boeing, U.S Locations: Hollywood, Burbank , California, Southwest, Dallas
Where are low-cost airlines cutting back now? New planes
  + stars: | 2024-08-30 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +5 min
In this article SAVEULCCJBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Airlines flooded the U.S. with flights this year, driving down fares particularly in the domestic market, where low-cost carriers concentrate, and weighing on carriers' revenue while costs have gone up. Spirit Airlines , JetBlue Airways and Frontier Airlines last posted annual profits in 2019, while larger carriers have returned to profitability. Now, some of those same airlines are dialing back their growth plans and deferring deliveries of new aircraft. Some airlines, like Frontier, have been active in sale-leasebacks, in which they sell planes to generate cash and lease them back.
Persons: Gary Hershorn, Cash, Barry Biffle, Biffle, Joanna Geraghty, , AerCap, Gus Kelly, Eddy Pieniazek, Pieniazek, Alwyn Scott Organizations: JetBlue Airways, Spirit Airlines, United Airlines, Newark Liberty International Airport, Corbis, Getty Images Airlines, Frontier Airlines, roundtrip U.S, Airbus, New York, Pratt & Whitney, JetBlue, Airlines, Aircraft, Boeing, Max, Air Lease Locations: Newark , New Jersey, U.S, Mobile , Alabama
Qatar Airways displayed its business class upgrade at Farnborough Airshow near London. Zoom In Icon Arrows pointing outwards Qatar Airways' new business class product, the Qsuite Next Gen', features retractable screens. Rolling out new business class seats across an airline's fleet is usually a lengthy process spanning years, as upgrades are installed in new aircraft and retrofitted onto planes already in service. Qatar Airways' "Qsuite Next Gen" business class seat, showcased at the Farnborough Air Show on July 22, 2024. Qatar Airways
Organizations: England — Airlines, Qatar Airways, Farnborough, CNBC, Boeing, Qatar Locations: FARNBOROUGH, England, London
Dexcom — Shares plummeted more than 40% after the medical device maker missed expectations for second-quarter revenue and offered weak full-year guidance for the measure. That exceeded analysts' expectations for earnings of $3.48 per share on revenue of $808 million, per LSEG. Norfolk Southern — Shares of the railroad operator gained 10% after a second-quarter earnings beat. Texas Roadhouse — The restaurant chain climbed 4.4% after second-quarter earnings topped expectations. Texas Roadhouse earned $1.79 per share, above the $1.64 per share estimate from analysts surveyed by LSEG.
Persons: Dexcom, Coursera, Newell Brands, Newell, Boston Beer, LSEG, Mohawk, Bristol Myers Squibb, Morgan Stanley, FactSet, amortization, Bitcoin, Alexander, Baldwin —, Alexander & Baldwin, Piper Sandler, Guggenheim, Sweetgreen —, Oppenheimer, Stifel, Yun Li, Pia Singh, Sean Conlon, Jesse Pound, Hakyung Kim, Lisa Kailai Han Organizations: LSEG, Newell, Yankee, Wall, Boston Beer, Boston, Mohawk Industries, Bristol Myers Squibb, Bristol, Revenue, Norfolk Southern, Norfolk, Charter Communications, Southwest Airlines, Deutsche Bank, Southwest, Redburn, FactSet, FTAI Aviation, Texas, Texas Roadhouse, LSEG . Revenue, Colgate, Palmolive Locations: Norfolk
An American Airlines Boeing 737 MAX 8 aircraft approaches San Diego International Airport for a landing from Phoenix on June 28, 2024 in San Diego, California. American Airlines is forecasting a drop in unit revenue of as much as 4.5% for the third quarter as high demand failed to make up for an industry-wide glut of flights that have forced airlines to slash fares. The carrier's profit fell 46% during the second quarter even though revenues rose. The carrier has been grappling with an industry-wide oversupply of flights and a direct-to-consumer sales strategy it adopted that backfired. It said in an earnings release Thursday that it has "taken swift and aggressive action to reorient its sales and distribution strategy" after complaints from travel agents and customers.
Organizations: American Airlines Boeing, San Diego International Airport, San Diego , California . American Airlines Locations: Phoenix, San Diego , California, American
It also came in above the high end of management's guidance. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance. The changes are tied to the inclusion of previously closed and announced acquisitions, as well as a slower-than expected-rebound for short-cycle businesses. Unfortunately, despite some "pockets of short-cycle strength," other short-cycle businesses "are not accelerating as much as we had hoped," CFO Greg Lewis said on the call. But here's the root of Thursday's selling: Honeywell downwardly revised its full-year guidance for segment margin, earnings per share, and cash flow guidance.
Persons: Honeywell downwardly, Greg Lewis, Vimal, Lewis, abate, Jim Cramer's, Jim Cramer, Jim, Daniel Barry Organizations: Honeywell, Revenue, LSEG, Emerson, Aerospace Technologies, Management, Aerospace, Automation, Carrier's, Solutions, CAES Systems Holdings, Air Products, Industrial Automation, Energy, Sustainability Solutions, CNBC, Bloomberg, Getty Locations: UOP, Morristown , New Jersey
The American Airlines AAdvantage® MileUp® is best for people who travel infrequently or are just beginning to collect American Airlines miles. Citi AAdvantage MileUp card RewardsHow to Earn Miles With the Citi AAdvantage MileUp CardThe American Airlines AAdvantage® MileUp® doesn't have a lot of bonus spending categories, but its structure is straightforward. Cardholders earn:2 miles per dollar on eligible American Airlines purchases (including AA.com, American Airlines reservations, American Airlines Admirals Club, American Airlines Vacations, and American Airlines airport and city ticket counters)2 miles per dollar at grocery stores (supermarkets, freezer/meat locker provisioners, dairy product stores, miscellaneous food /convenience stores, markets, specialty vendors, and bakeries)1 mile per dollar on all other eligible purchasesHow to Use American Airlines MilesAmerican Airlines miles are easy to use for the most part. AAdvantage MileUp Card Benefits and FeaturesThe American Airlines AAdvantage® MileUp® doesn't have many stand-out benefits. The discount is valid on American Airlines flights, plus American Airlines-marketed flights on Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, and Piedmont Airlines.
Persons: AAdvantage, you'll, you'd, You'll Organizations: Business, American Airlines, Citi ®, Mastercard, Airlines, American, Citi, Citi AAdvantage, American Airlines Admirals Club, American Airlines Miles American, U.S, Oneworld, Alaska Airlines British Airways Cathay, Iberia Japan Airlines Malaysia Airlines Qantas Qatar Airways Royal Air Maroc Royal Jordanian Airlines S7 Airlines, Air, China Southern Airlines, Etihad Airways, Fiji Airways, Hawaiian Airlines, Silver Airways, Admirals Club, Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, Piedmont Airlines, Card American Locations: Hawaii, Europe, Asia, Miami, Madrid, Iberia, Air Tahiti Nui, Cape Air, GOL Airlines
The information for the following product(s) has been collected independently by Business Insider: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®, Citi® / AAdvantage® Executive World Elite Mastercard®, CitiBusiness® / AAdvantage® Platinum Select® World Elite Mastercard®, Citi Strata Premier℠ Card, American Airlines AAdvantage® MileUp®. Citi AAdvantage Platinum Select World Elite Mastercard review External link Arrow An arrow icon, indicating this redirects the user." Citi AAdvantage Platinum Select RewardsCiti AAdvantage Platinum Select welcome bonus offerThe intro bonus offer is currently 50,000 American Airlines AAdvantage® bonus miles after making $2,500 in purchases within the first three months of account opening. How to earn miles with the Citi AAdvantage Platinum Select cardThe Citi® / AAdvantage® Platinum Select® World Elite Mastercard® is a good choice for American Airlines purchases, as well as other everyday spending in popular categories. Methodology: How we reviewed the Citi AAdvantage Platinum SelectBusiness Insider's experts compared the Citi® / AAdvantage® Platinum Select® World Elite Mastercard® to other American Airlines and competitor airline credit cards.
Persons: Cardholders, You'll, you'll, you've, Silver Airways . American Airlines hasn't, it's, CitiBusiness Organizations: Business Insider, Citi, Mastercard, Citi ®, Citi Strata Premier, American Airlines, Airlines, AA, American, Oneworld, Business, American Airlines Admirals Club, U.S, Alaska Airlines British Airways Cathay, Iberia Japan Airlines Malaysia Airlines Qantas Qatar Airways Royal Air Maroc Royal Jordanian Airlines SriLankan Airlines, China Southern Airlines, Etihad Airways, Fiji Airways, Hawaiian Airlines, JetBlue, Silver Airways . American Airlines, Admirals Club, Envoy Air, Republic Airways, SkyWest Airlines, Mesa Airlines, PSA Airlines, Piedmont Airlines, Virgin Islands . American Airlines, Air Wisconsin Airlines, Admirals, Citi AAdvantage, Chase, Card, Premier Locations: American, Iberia, Air Tahiti Nui, Cape Air, GOL Airlines, Hawaii, Canada, U.S, Virgin Islands, Puerto Rico, , Puerto Rico
You can quickly earn United miles with excellent credit cards like the United℠ Explorer Card. Fly on United Airlines and alliance partnersFlying with the airline is the most obvious way to earn United miles. You can also use United MileagePlus miles on a number of airline partners, or choose to earn United miles when flying with airline partners. United Miles Frequently Asked QuestionsHow can I earn MileagePlus miles without flying? You can earn miles through MileagePlus Dining and MileagePlus Shopping, as well as spending on United co-branded credit cards.
Persons: you'll, Platinums, Chase, MileagePlus, You'll, Chase Travel ℠, you’re, Bilt, Experian, TransUnion ™, Equifax, Uber, Miles, Read, There's, United stealthily, Silver, They're, Organizations: Business, Club, United, Lufthansa, Air Canada, Read, United MileagePlus, United Airlines, United Express, Silver, Premier Golds, Star Alliance, Air, SAS, Singapore Airlines, United Cruises, MileagePlus, United ®, United Club, FDIC, , Card, Card United, Chase Travel, Chase, Sapphire, Hotel, Target, Walmart, Chase Sapphire, TSA, Chase Dining, Sapphire Reserve, Ink, Mastercard, Alliance, Polaris, carrier's Star Alliance, Broadway, Qualifying, Marriott, Premier Gold United, Premier, 1K, Airlines, Star Alliance — Locations: Air Canada, airfare, Canada, United, Chase TravelSM, United.com, skyrocket, Europe, Asia, Chevron
Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Plus Credit Card is a great choice if you're just starting out. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points. Southwest Rapid Rewards Points Frequently Asked QuestionsHow much is 50,000 Southwest points worth?
Persons: It's, you'll, You'll, Cardholders, Chase, Marriott, There's, you've, Hertz, , Ronald McDonald Organizations: Business, Rewards, Southwest Airlines, Southwest Rapid, Rapid, Southwest, Business Credit, eBay, Rapid Rewards, Southwest ®, FDIC, Southwest Airlines ®, Card, Business Credit Card, Southwest Premier, Performance, Chase Sapphire Reserve, Club, Southwest —, Radisson, Marriott, Hyatt, Southwest Hotels, Best, Hotels & Resorts, Choice, Marriott Bonvoy, MGM Resorts International, MGM Resorts, Hertz, Apple, Old Navy, Dartington Crystal, Emergency, Reliant, Central America, Francisco, Chicago, Fort Lauderdale, Student Conservation Association, Ronald McDonald House Charities, Polaris, United Negro College Fund, Hispanic Heritage Foundation Locations: United States, U.S, Mexico, Belize, Costa Rica, Aruba, Cuba, Puerto Rico, Jamaica, Cayman Islands, Turks, Caicos, Dominican Republic, Southwest, rideshare, Southwest airfare, Rocketmiles, Alamo, Avis, Pennsylvania , New Jersey , Maryland , Massachusetts, Illinois, Texas, Caribbean, Central, New York, Los Angeles, Honolulu , Hawaii, Baltimore, Cabos, Denver, Liberia, Nassau, Bahamas
Introduction to Chase Ultimate Rewards®The Chase Ultimate Rewards® rewards program is frequently considered one of the top credit card point systems available today — and for good reason. Earning Chase Ultimate Rewards pointsThe only way to earn rewards in the Chase Ultimate Rewards ecosystem is to open and use a Chase card that operates within this program. Redeem points for experiences (point values vary)You can also use Chase Ultimate Rewards points to book special experiences, including one-of-a-kind events hosted by Chase. Chase Ultimate Rewards frequently asked questionsAre Chase Ultimate Rewards worth it? Chase Ultimate Rewards is a versatile and highly regarded rewards program offered by Chase Bank.
Persons: Chase, Chase Travel ℠, takeout, you've, Here's, you'll, cardholders Organizations: Business, Read, Chase, Chase Travel, Sapphire, Hotel, FDIC, Chase Sapphire, TSA, PayPal, Chase Sapphire Reserve, Ink, Sapphire Reserve, Aer Lingus Air Canada Aeroplan Air France, KLM, British Airways Emirates Hyatt, Singapore Airlines Southwest United Virgin, United Airlines, Star Alliance, Air Canada, Lufthansa, Singapore Airlines, British Airways, Oneworld, American Airlines, Cathay, Air France, Blue, Korean, Sundance Film, Apple, Navy, TAP Air Portugal, Southwest Airlines, Canada, IHG, Bonvoy, Hyatt, Marriott, Chase Bank Locations: Chase TravelSM, airfare, Hyatt, Iberia, Air, Delta, Milan, Italy, Chase, Caribbean, Mexico, Europe, Amsterdam, Paris, Singapore, West Coast, Asia, IHG.com, Hawaii, Florence, Grand Cayman, Bora Bora, Greece, Chevron
How Delta SkyMiles worksThe Delta SkyMiles loyalty program helps Delta lovers earn rewards and elite status. How to Earn Delta SkyMilesThere are multiple ways to earn Delta SkyMiles. Flying with Delta and partner airlinesThe most obvious way to earn Delta SkyMiles is to fly on Delta. Delta SkyMiles® Reserve American Express Card Members with an eligible ticket will be added to the Complimentary Upgrade list, after Delta SkyMiles Medallion Members. Delta SkyMiles frequently asked questionsHow do I earn SkyMiles with Delta?
Persons: stow, Miles, Doesn't, MQD Headstart, There's, Read, Cardholders, cardholders, You'll, Delta, Delta SkyMiles, SkyMiles, it's, you've Organizations: Business, Delta, Air France, KLM, Read, Loyalists, SkyMiles, American Express, TSA, Delta SkyMiles, U.S, Card, Global, Delta SkyMiles ®, American, Delta Sky Clubs, ®, SkyMiles ®, Delta Sky Club, Delta Sky, U.S . Shipping, Advertising, Delta Gold American, TSA PreCheck, Delta loyalists, Express, Express Card, American Express Card, American Express Delta Gold, American Express Delta, SkyMiles Reserve, Delta Reserve, Delta American Express, Air, China Eastern, Korean, Delta Gold Card Locations: Delta, Atlanta , New York, Seattle, U.S, Caribbean, American, delta.com, SkyMiles, Air France, China, Air Tahiti Nui, Chevron
United Airlines ' second-quarter profit rose more than 20% from last year as strong demand for international travel boosted the carrier's results, but its third-quarter forecast came in shy of estimates as an oversupply of flights weighs on fares. United and Delta Air Lines , which also disappointed with its third-quarter guidance, have still been standouts in the U.S. airline industry. The company expanded domestic flying by more than 5% in the second quarter over last year, and unit revenues fell more than 1% over last year. On Tuesday, Spirit Airlines cut its second-quarter forecast, citing weaker-than-expected revenue for fees like seating or luggage. Southwest Airlines and American Airlines , which report results on July 25, previously reduced their second-quarter estimates.
Persons: United, Scott Kirby Organizations: Airlines, United, LSEG, Delta Air Lines, U.S, Spirit Airlines, Southwest Airlines, American Airlines Locations: Europe
Here are Wednesday's biggest calls on Wall Street: Morgan Stanley reiterates Rivian as overweight Morgan Stanley raised its price target on Rivian to $17 per share from $13. UBS reiterates Apple as neutral UBS said it sees Apple results as "in-line" when the company reports on Aug. 1. UBS initiates Sweetgreen as buy UBS said the restaurant chain has "margin potential." Guggenheim reiterates Netflix as buy Guggenheim said it's sticking with its buy rating on Netflix heading into earnings Thursday. UBS reiterates Micron as buy UBS said it's sticking with its buy rating on shares of Micron.
Persons: Morgan Stanley, Rivian, Jefferies, Bernstein, TD Cowen downgrades Charles Schwab, Cowen, Schwab, it's, Morgan Stanley downgrades, TD Cowen, 2H24, Tesla, Oppenheimer downgrades Morgan Stanley, Oppenheimer, Guggenheim, Needham Organizations: VW, Susquehanna, Nvidia, AMD, UBS, Apple, Chevron, bbl, Deutsche Bank, Deutsche, Valero, Mizuho, Citi, Hershey Citi, TD Cowen downgrades, Airlines, Barclays, MasterCard Citi, Mastercard, " Bank of America, Bank of America, Enterprise, NASDAQ, HSBC, Qualcomm, Netflix, Micron, Microsoft
With nothing commercial to show from Boeing, which usually has its 777X and Max test jets on display, all eyes will be on European rival Airbus. AdvertisementThe XLR plane is the longest-ranged option in the A321neo family, which has outsold Boeing's 737 since 2019, when two fatal crashes grounded the plane's Max variants. According to Airbus, the XLR is uniquely equipped for long-haul flying, thanks to an extra rear center fuel tank that helps the narrowbody fly up to 5,400 miles (11 hours) nonstop. AdvertisementThe premium seating offers lie-flat beds typical to what customers find on long-haul widebody flights, and is likely to be the norm on long-haul XLRs. "Even well-established city pairs such as London-Miami or Sydney-Kuala Lumpur will benefit from the year-round sweet spot the XLR offers airlines," Airbus marketing specialist Ludek Jando said in September 2023.
Persons: , Taylor Rains, Max, American's, Jason Reisinger, Andrew Nocella, Willy Boulte, Barry Biffle, Ludek Jando Organizations: Service, Alaska Airlines, Max, Farnborough, Business, Boeing, Airbus, American Airlines , Frontier Airlines, JetBlue Airways, United Airlines, Qantas, AirAsia X, Sky Airline, Czech Airlines, Air Canada, Airlines, JetBlue, Spanish, Washington Dulles, American Airlines, Frontier Locations: Alaska, Iberia, Malaysian, Chile, East Coast, Europe, Madrid, Boston, Washington, Dulles, Raleigh , North Carolina, London, Charlotte, New York, Asia, Beijing, Seoul, Amsterdam, South America, Hawaii, Miami, Sydney, Kuala Lumpur
Here's a rapid-fire update on all 33 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Best Buy : Jim said Best Buy's pullback in recent days has created a buying opportunity in the electronics retailer. Salesforce : The stock has in recent weeks clawed back some of its post-earnings plunge , even before Thursday's 6% surge. Wynn Resorts : Wynn is another stock in the portfolio that, it's become increasingly clear, trades based on its exposure to China. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Jim Cramer's, Jim, Wall, Abbott, Johnson, We're, haven't, it's, Walt Disney, Estee Lauder, levered, Eli Lilly, Lilly, Morgan Stanley, Goldman Sachs, OpenAI, Jensen Huang, Nikesh Arora's, Stanley Black, Decker, TJX, We've, Wells, Charlie Scharf poaches, Wynn, Jim Cramer, Michael M Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Abbott Laboratories, Prime, Web, Broadcom, VMWare, Costco Wholesale, Costco, Coterra Energy, DuPont, Walt, Disney, Nvidia, Ford Motor, Ford, Blue, Motors, GE Healthcare, GE, Management, Honeywell, Linde, Microsoft, Palo Alto Networks, Procter & Gamble, Constellation Brands, Modelo, Corona, Fed, TJX, JPMorgan, Wynn Resorts, Wynn, Jim Cramer's Charitable, Traders, New York Stock Exchange, Santiago, Getty Locations: China, Covid, Dover, Eaton, Palo Alto, U.S, Wells Fargo, Las Vegas
Total: 25