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"Cruise demand is also tied to a broader consumer desire for accumulating experiences rather than objects," Farley wrote. "We can see that 2024 is not just benefiting from pent up demand, because that is completely new demand," Farley said. Melius Research is also bullish on the industry's future and believes cruise lines are set for continued margin expansion over the next several years. However, cruise pricing is holding up, analyst Jamie Rollo said in a note Friday. Earlier this month, the cruise operator lifted its full-year earnings forecast, citing strong demand and an improved outlook for the year.
Persons: Robin Farley, Farley, diems, Viking, Conor Cunningham, Morgan Stanley's, Jamie Rollo, Jason Liberty, Morgan Stanley, Rollo Organizations: UBS, Royal, Cruise, CNBC Locations: U.S, Royal Caribbean, Norwegian
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
“This looks and smells like human trafficking,” said Ariadna Phillips, a New York community organizer with South Bronx Mutual Aid. On Tuesday, DeSantis said at a news conference that three of four people arrested last week for "ransacking" communities following Hurricane Ian were illegal immigrants who should be immediately deported. Remembering "horror stories" of immigrants not being paid for work or being deported following previous natural disasters, Phillips rushed to Queens. "Promises are often not kept to these workers," said Saket Soni, executive director of Resilience Workforce, a New Orleans group that advocates for and monitors migrant workers following natural disasters. In the days following Ian, Resilience Workforce deployed staff members to Florida to observe work conditions on the ground.
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