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Flights are getting cheaper as airlines ramp up service during what's shaping up to be a busy summer. Delta Air Lines on Thursday reported record earnings for the second quarter, estimated more record revenue through the start of fall and hiked its full-year forecast. Delta's domestic revenue unit revenues fell 1% in the quarter from the same period of 2019, but trans-Atlantic unit revenues rose 22% and the smaller trans-Pacific segment rose 29% and Latin American service unit revenues were up 16%. Airlines have been especially aggressive in adding record amounts of service to Europe this summer and higher unit revenues are showing that fares there continue to hold up. United Airlines and American Airlines will provide their outlooks on demand next week when they're scheduled to report results.
Persons: airfares Organizations: National Airport, Transportation Security Administration, Air Lines, Airlines, United Airlines, American Airlines Locations: Arlington , Virginia, Europe
Delta Air Lines posted its highest quarterly revenue and earnings ever thanks to scorching travel demand that has defied fears of an economic slowdown for months. CEO Ed Bastian said he expects consumers' desire for travel will fuel bookings for years, calling the current period the "mid-innings" of travel growth. Bastian said international demand remains robust into the fall and he expects a slow but steady increase in corporate travel bookings. In the third quarter, Delta expects to earn $2.20 to $2.50 a share, above analysts' expectations, on a 16% increase in capacity. Adjusted Revenue: $14.61 billion vs. $14.49 billion expected.
Persons: Ed Bastian, Bastian, Delta Organizations: Delta Air Lines, U.S, United Airlines, American Airlines, CNBC, Unit Locations: Atlanta, Europe, France
The new first-class seat for narrow-body domestic flights features better technology like armrest wireless charging stations and winged headrests. United and rivals like Delta Air Lines and JetBlue Airways have upgraded their business- or first-class seats in recent months to create more privacy and more room for customers willing to pay a premium to fly. Last year, Delta debuted domestic first-class seats that also feature privacy wings at the top of the seat, while JetBlue redesigned its Mint class to offer seats with sliding doors. The new United first-class seat will first appear on a Boeing 737 this month. The seats will feature three kinds of charging: wireless, a USB-C and an AC outlet.
Persons: Mark Muren Organizations: Airlines, Wednesday, Delta Air Lines, JetBlue Airways, Delta, JetBlue, United, Boeing, Airbus, CNBC
A Boeing 737 Max is displayed during the Farnborough Airshow, in Farnborough, on July 18, 2022. So far this year, Boeing delivered 266 aircraft to customers, shy of the 316 rival Airbus has handed over. Boeing said Tuesday it logged orders for 288 aircraft, net of cancellations and conversions, in June, most of them from the massive order Air India announced earlier this year and firmed up at the Paris Air Show last month. Boeing's June tally included nearly 40 787 Dreamliners for new Saudi carrier Riyadh Air, part of a deal announced in March. Boeing's total net orders for the month came in at 305 aircraft after it added some planes to its backlog.
Persons: Max, JUSTIN TALLIS Organizations: Boeing, Farnborough, AFP, Getty Images, Airbus, India, Paris Air, Saudi, Riyadh Air Locations: Farnborough, Riyadh
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow Boarding: Why boarding an airplane is so difficultOn this episode of "Now Boarding" Leslie and Erin discuss how airline boarding works and why it's so slow. They speak with Steve Goldberg, Senior Vice President ofOperations and Hospitality at Southwest Airlines about its unique style of bordering and former airline executive Kerry Philipovitch. "Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics all things aviation.
Persons: Leslie, Erin, Steve Goldberg, ofOperations, Kerry Philipovitch, Leslie Josephs, Erin Black Organizations: Southwest Airlines, CNBC Locations: Hospitality
JPMorgan Chase and Citigroup, as well as Delta Air Lines are slated to post their latest quarterly results. Expectations for this earnings season are downbeat, with analysts forecasting a roughly 7% year-over-year drop, FactSet data shows. Thursday PepsiCo is set to report earnings before the bell, followed by a conference all at 8:15 a.m. Delta Air Lines is set to report earnings in the premarket, and management is slated to hold a call at 10 a.m. Friday JPMorgan Chase is set to report earnings before the market open, followed by a call at 8:30 a.m.
Persons: bode, Steve Powers, DAL, Leslie Josephs, JPMorgan Chase, JPM, Hugh Son, Wells Fargo, Wells, — CNBC's Michael Bloom Organizations: JPMorgan Chase, Citigroup, Delta Air Lines, PepsiCo, Federal Reserve, CNBC, Deutsche Bank, PepsiCo —, Investment Group, FactSet, JPMorgan, Management Locations: America, U.S, Wells
Santa Ana, CA - May 26: An airplane prepares to be loaded as passengers make their way to their gates during the Memorial Day weekend getaway at John Wayne Airport Orange County in John Wayne Airport, Santa Ana, CA on Thursday, May 26, 2022. "Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like turbulence, airline status, boarding, jumbo jets and all things aviation. Watch this episode and others on CNBC's YouTube channel. On this episode of "Now Boarding," CNBC discusses why airplane boarding can be so complicated and what airlines are doing to make it faster.
Persons: Leslie Josephs, Erin Black Organizations: John Wayne Airport, CNBC, YouTube Locations: Santa Ana , CA, John Wayne Airport Orange, John
JetBlue Airways said Wednesday that it will terminate its partnership in the northeast U.S. with American Airlines after a federal judge ruled to block the agreement, as the New York airline focuses on its acquisition of Spirit Airlines . American said last month that it would challenge the ruling against the JetBlue partnership, but New York-based JetBlue said Wednesday it would not appeal the decision. JetBlue's deal to buy Spirit came together after JetBlue and American launched a partnership in the Northeast. American Airlines said Wednesday that it will still appeal the ruling. A spokesman for the airline did not immediately say how American could salvage the deal if JetBlue plans to begin unwinding it.
Persons: 2023Flights, Trump Organizations: LAX, Jan, FAA, JetBlue Airways, American Airlines, New, Spirit Airlines, JetBlue, NEA, American, Alliance Locations: Los Angeles, CaliforniaJan, New York, Northeast
President Joe Biden on Tuesday again called for stricter gun control, including a ban on semi-automatic rifles, after several deadly "tragic and senseless shootings" leading up to the July Fourth holiday. At least 10 people were killed in mass shootings in Baltimore Philadelphia, and Fort Worth, Texas. A string of shootings in Chicago over the holiday weekend killed five and left at least 30 more wounded, NBC Chicago reports. His comments come one year after a mass shooting at a Highland Park, Illinois, Fourth of July parade that killed seven people and wounded nearly 50 others. There have been 346 mass shootings so far this year in the U.S., according to the Gun Violence Archive, which defines a mass shooting as an incident in which four or more people are shot or killed, excluding the shooter.
Persons: Joe Biden, Biden Organizations: White, Washington , D.C, NBC Locations: Washington ,, Baltimore Philadelphia, Fort Worth , Texas, Wichita , Kansas, Lansing , Michigan, Chicago, NBC Chicago, , Illinois, Illinois, America, U.S
Travelers are seen ahead of the fourth of July holiday weekend at Hartsfield-Jackson Atlanta International Airport on June 30, 2023, in Atlanta, Georgia. Flight disruptions piled up at airports around the country ahead of the July Fourth weekend, but airline investors have largely shrugged them off. More than 63,000 flights operated by U.S. airlines, or 30% of their schedules, were delayed between June 24 through July 2. But sky-high travel demand continues to keep airline stocks aloft, with several reaching multi-year highs. American Airlines and Delta Air Lines have recently raised their profit outlooks thanks to strong bookings.
Organizations: Hartsfield, Jackson Atlanta International Airport, U.S, Transportation Security Administration, American Airlines, Delta Air Lines, Airlines Locations: Atlanta , Georgia, New York
The carrier gave 30,000 frequent flyer miles to customers who were most affected by the chaos. He said that the airline needs more gates at Newark Liberty International Airport because of frequent aircraft backups there. He said that extensively delayed departures, which piled up at its hub at Newark since last weekend, hurt its operation. United sent the 30,000 miles to customers who were delayed overnight or didn't get to their destination at all, a spokeswoman said. United fared worse than competitors with about half of its mainline schedule arriving late and almost a fifth canceled over that period, FlightAware data show.
Persons: Scott Kirby, Kirby, United Organizations: Newark International Airport, Newark , New Jersey . United Airlines, CNBC, Newark Liberty International, Teterboro, East Coast, United, JetBlue Airways, " Airlines, Aircraft, FAA Locations: Newark, Newark , New Jersey, East, U.S
Flight delays and cancellations continued to mar thousands of Fourth of July travelers on Friday, with United Airlines passengers bearing the brunt of the problems. United Airlines has fared the worst with disruptions, with half of its mainline flights arriving late during that six-day period amounting to average delays of 106 minutes, according to FlightAware data. Transportation Secretary Pete Buttigieg called United out for the flight disruptions, saying the airline's disruptions were "elevated but moving in the right direction." United said late Thursday that it expected cancellations and delays to continue to improve into the holiday weekend. "It led to massive delays, cancellations, diversions, as well as crews and aircraft out of position," Kirby wrote in a staff note, which was seen by CNBC.
Persons: Pete Buttigieg, United, schedulers, Ken Diaz, Garth Thompson, Scott Kirby, Monday, Kirby, Joanna Geraghty Organizations: JFK International, Airlines, Transportation Security Administration, Federal Aviation, United Airlines, O'Hare, U.S, JetBlue Airways, Transportation, Association of Flight, Air Line Pilots Association, United, FAA, Newark Liberty International, New, CNBC, JetBlue Locations: New York City, Canada, East, Chicago , Illinois, U.S, New York, United, New Jersey
An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022. Workers at Boeing aircraft parts supplier Spirit Aerosystems approved a new labor deal on Thursday, setting the stage to resume production at a Wichita, Kansas, facility after a work stoppage last week. The company and the workers' union, the International Association of Machinists and Aerospace Workers, reached a new tentative agreement for the 6,000 workers, the union said on Tuesday. The production pause came as Boeing scrambles to increase production of new aircraft. The company went into the strike with an inventory of some fuselages to continue manufacturing.
Persons: Spirit Aerosystems Organizations: Boeing, MAX, King County International Airport, Boeing Field, Workers, Spirit, International Association of Machinists, Aerospace Workers, CORE Locations: Seattle , Washington, Wichita , Kansas
A Southwest Airlines Co. plane takes off as representatives and pilots from the Southwest Airlines Pilots' Association (SWAPA) demonstrate outside Chicago Midway International Airport (MDW) in Chicago, Illinois, U.S., on Wednesday, May 18, 2016. Southwest Airlines pilots' union said Thursday it sought to be released from federal mediation for a new labor contract, laying the groundwork for a potential strike as talks with the carrier haven't yet yielded an agreement. The airline and union, the Southwest Airlines Pilots Association, have been in contract talks for more than three years and negotiations have been tense. Pilot strikes in the U.S. are extremely rare, and the Southwest Airlines Pilots Association's request does not mean that one is imminent because of procedures in U.S. labor law. There are several so-called cooling off periods should the National Mediation Board declare an impasse between Southwest and its pilots' union.
Persons: Jody R, Adam Carlisle, We've Organizations: Southwest Airlines Co, Southwest Airlines Pilots ' Association, Chicago, International, Southwest Airlines, Southwest Airlines Pilots Association, National, CNBC, Southwest, Pilots, Southwest Airlines Pilots, U.S, Spirit Airlines Locations: Chicago , Illinois, U.S, Dallas, Southwest
Flight disruptions mounted Tuesday as severe storms and staffing issues kicked off a rocky start to summer. Some airline executives have also blamed some of the disruptions on shortages of air traffic controllers. "And that put everyone behind the eight ball when weather actually did hit on Sunday and was further compounded by FAA staffing shortages Sunday evening." The Covid-19 pandemic derailed hiring and training of new air traffic controllers, and the agency is now trying to catch up. The Department of Transportation's Office of Inspector General said in a report last week that air traffic control staffing shortfalls put air traffic operations at risk.
Persons: Biden, Scott Kirby, Kirby, General, Don Uselmann Organizations: Newark Liberty International Airport, Transportation Security Administration, United Airlines, FAA, Newark Liberty International, CNBC, Transportation's, reassignments, The Association of Flight, CWA, Union, JetBlue Airways, JetBlue Locations: New Jersey, United States, U.S, New York
Delta Air Lines on Tuesday raised its second-quarter forecast and estimated full-year adjusted earnings of $6 a share, at the high end of estimates it gave last April as strong travel demand and trade-ups to more expensive fare classes continue to drive growth. Delta forecast adjusted earnings per share of $2.25 to $2.50 for the second quarter, up from a previous range of $2 to $2.25 a share. CEO Ed Bastian said that the company's second-quarter earnings, which it will report next month, could be its highest ever for the April-June period. In a presentation ahead of its investor day later Tuesday, the airline also raised its estimate for free cash generation this year to $3 billion from $2 billion. "The demand as you know, as anyone that's traveling knows, is off the chain," Delta CEO Ed Bastian said in an interview with CNBC's "Squawk Box."
Persons: Ed Bastian, that's, CNBC's Organizations: Delta Air Lines, Delta
ET, the FAA issued ground stops for Baltimore/Washington International Thurgood Marshall Airport, Ronald Reagan Washington National Airport and Dulles International Airport, preventing aircraft from taking off for those destinations. "Departures to D.C.-area airports have resumed and repairs to the communications power panel are complete," the FAA said in a statement. More than 440 flights to and from Newark Liberty International Airport were delayed. The airport is a major hub of United Airlines , which had more than 840 delayed flights Sunday, according to FlightAware. American Airlines posted 938 delayed flights, 27% of its mainline schedule, Delta Air Lines had 716, or 20% of its schedule, and New York-based JetBlue Airways had 472 delays, or 45% of its planned schedule.
Persons: Ronald Reagan Organizations: Boeing, Ronald Reagan Washington National Airport, Federal Aviation Administration, Washington D.C, FAA, Baltimore, Washington International Thurgood Marshall Airport, Dulles International, Washington Dulles, Newark Liberty International Airport, United Airlines, American Airlines, Delta Air Lines, JetBlue Airways Locations: Ronald Reagan Washington, Arlington , Virginia, Canada, U.S, Washington, Miami, Boston, Detroit, United, New York
Southwest Airlines said Friday that it has reached a tentative agreement with the union representing its mechanics, aircraft inspectors, maintenance controllers and training instructors. "Our Mechanics & Related Employees work around the clock to safely maintain our aircraft, and we reached a Tentative Agreement that rewards them and helps Southwest maintain an efficient operation," Adam Carlisle, vice president of labor relations at Southwest, said in a press release. The union and airline didn't immediately disclose the details of the agreement but said they would in the coming days. Earlier this month, leaders at Transport Workers Union of America 556, which represents Southwest flight attendants, said they rebuffed a tentative agreement that would have allowed for a membership vote. As Members ourselves, we are just as eager to vote on and ratify a worthy Tentative Agreement."
Persons: Adam Carlisle, didn't, Bret Oestreich, Southwest's Carlisle, – CNBC's Leslie Josephs Organizations: Southwest Airlines Co, Boeing, International, Southwest Airlines, Southwest, Aircraft Mechanics Fraternal Association's, Transport Workers Union of America, U.S, Brotherhood of Teamsters, UPS Locations: Chicago , Illinois, U.S, Southwest, Seattle
United Airlines said Thursday it will start sending meal and hotel vouchers for disrupted travel to passengers' phones, in hopes of avoiding customer service bottlenecks at airports and long hold times at call centers. That means rather than stand in line at a customer service desk or dial up an agent, affected travelers can access their vouchers right on their smartphones through the airline's app or website. United said the updates will make it easier for travelers to rebook, track bags and retrieve vouchers. The airline provides food vouchers for flight disruptions of at least three hours caused by the airline, such as a maintenance or technology issue, and hotel vouchers when travelers are forced to stay overnight because of a delay or cancellation caused by the airline, Jojo said. Weather disruptions don't fit those definitions, she said.
Persons: United, Linda Jojo, Jojo Organizations: Airlines
Airplane fuselages bound for Boeing's 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc, in Wichita, Kansas, U.S. December 17, 2019. Boeing supplier Spirit AeroSystems halted work at a Wichita, Kansas, plant on Thursday after workers voted against a new labor deal and for a strike. "In light of the decision to strike by Spirit AeroSystems employees represented by the International Association of Machinists and Aerospace Workers today, Spirit will suspend factory production prior to the expiration of the contract," Spirit said. The production halt began with the first shift on Thursday, two days before the contract covering roughly 6,000 workers is set to expire. "We continue to monitor the situation and support our valued supplier," Boeing said in a statement.
Persons: Spirit AeroSystems, AeroSystems, Boeing's Organizations: Spirit AeroSystems Holdings Inc, Boeing, Spirit, Airbus, International Association of Machinists, Aerospace Workers, IAM Locations: Wichita , Kansas, U.S
Bed Bath & Beyond has reached a deal to sell its primary brand assets to Overstock for $21.5 million. The agreement covers trademarks, business data, and e-commerce sites, but not stores or inventory. The sale will make the former housewares giant the latest retail "zombie brand." A shuttered Bed Bath & Beyond store in suburban Detroit. The survival of Bed Bath & Beyond on paper and online will make it the latest retail "zombie brand" — a list that includes former industry titans like Radio Shack, Lord & Taylor, and Toys R Us, whose new owners aim to cash in on the label's established credibility with customers.
Persons: , Overstock.com, Leslie J, Allen, Taylor Organizations: Service, Bed, titans, Radio, New York Times, & $ Locations: New Jersey, Detroit
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow Boarding: Should you be worried about turbulence? On this episode of "Now Boarding" Leslie and Erin discuss turbulence: what causes it, whether it's getting worse and why it's usually nothing to worry about. While serious injuries from turbulence are rare, it's always important to follow crew safety instructions. "Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like, airline status, boarding, jumbo jets and all things aviation.
Persons: Leslie, Erin, Leslie Josephs, Erin Black Organizations: CNBC
"Now Boarding" is a videocast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics like turbulence, airline status, boarding, jumbo jets and all things aviation. Watch this episode and others on CNBC's YouTube channel. On this episode of "Now Boarding" Leslie and Erin discuss turbulence: what causes it, whether it's getting worse and why it's usually nothing to worry about. While serious injuries from turbulence are rare, it's always important to follow crew safety instructions.
Persons: Leslie Josephs, Erin Black, Leslie, Erin Organizations: CNBC, YouTube
An employee works at the Airbus A350 assembly site, in Colomiers near Toulouse, south-western France, on December 9, 2022. A lot has changed in the four years since one of the aviation industry's biggest air shows was held in person. The question is whether Boeing , Airbus and their numerous suppliers can catch up. Over the past year, Boeing has logged large orders or preliminary agreements from customers including United Airlines , Saudia and new Saudi carrier Riyadh Air. Air India's massive order earlier this year included both Boeing and Airbus jets.
Persons: , Andy Cronin, Stuart Hatcher, Hatcher Organizations: Airbus, Paris Air, Boeing, Aviation, United Airlines, Riyadh Air, Air, Turkish Airlines, Air Lines, Malaysia Airlines, Air France, KLM, Air Baltic Locations: Colomiers, Toulouse, France, Saudi, Riyadh
On Wednesday, Qantas launched service between New York and Sydney with a stop in Auckland, New Zealand, on Boeing 787 Dreamliners, instead of a previous stop in Los Angeles. But the Australian carrier is focusing on even longer routes: Nonstop flights from Sydney to New York and London. Flights could clock in at around 20 hours, enough time to watch most of the Star Wars Skywalker Saga. The airline estimates the new routes could reduce travel time by more than three hours compared with flights with stops in other airports. Qantas is planning to operate the new nonstops on ultra-long-range Airbus A350-1000 planes starting as soon as late 2025.
Persons: Alan Joyce, Joyce Organizations: Wednesday, Qantas, Boeing, Star, CNBC, Airbus Locations: New York, Sydney, Auckland , New Zealand, Los Angeles, London, Australia
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