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☆ House committee votes to raise pilot retirement age to 67 amid aviator shortage
▼ + stars: | 2023-06-14 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A House panel voted Wednesday to raise the mandatory retirement age for commercial airline pilots to 67 from 65 as the industry faces a persistent shortage of aviators. The last time Congress raised the pilot retirement age was in 2007 when it was raised from 60 to 65. The committee voted 63-0 on the proposed FAA reauthorization bill Wednesday, but it now faces a vote in the full House. It isn't clear whether the new retirement age provision would be in a final version of the bill or make it through a vote in either chamber. The Air Line Pilots Association, the country's biggest pilot labor union, which represents aviators at major carriers such as Delta and United , has opposed the measure.

Persons: Faye Malarkey Black Organizations: United Airlines Boeing, Newark Liberty International Airport, Committee, Transportation, Infrastructure, Federal Aviation Administration, Regional Airline Association, Airlines, FAA, Air Line Pilots Association Locations: Newark , New Jersey, Delta

☆ Boeing logs more aircraft orders ahead of Paris Air Show, 787 problems persist
▼ + stars: | 2023-06-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing 787 Dreamliners are built at the aviation company's North Charleston, South Carolina, assembly plant on May 30, 2023. Boeing handed over 50 airplanes to customers last month, up from 35 in April, though it trails rival Airbus in deliveries so far this year as the Paris Air Show approaches. Both Boeing and Airbus have announced plans to increase output of new planes to meet strong demand in the wake of the Covid pandemic. Arlington, Virginia-based Boeing reported gross orders of 69 planes for May, up from 34 in April. The Paris Air Show kicks off Monday, when Boeing, Airbus and other aerospace manufacturers will meet with customers and potentially announce more new orders in the first in-person iteration of the event since before the pandemic.

Organizations: Boeing, Paris Air, Airbus Locations: North Charleston , South Carolina, Arlington , Virginia

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow Boarding: Why airlines are bringing back jumbo jets (sort of)On this episode of "Now Boarding" Leslie and Erin discuss the rise and fall of jumbo jets, like the Boeing 747 and the Airbus A380. "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 every Sunday.

Persons: Leslie, Erin, Leslie Josephs, Erin Black Organizations: Boeing, Airbus, CNBC, YouTube

"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 every Sunday. On this episode of "Now Boarding" Leslie and Erin discuss the rise and fall of jumbo jets, like the Boeing 747 and the Airbus A380. Now that international travel is rebounding from the pandemic, some of these giant planes are getting dusted off to fly around the world again, carrying hundreds of passengers at a time.

Persons: Leslie Josephs, Erin Black, Leslie, Erin Organizations: CNBC, YouTube, Boeing, Airbus

☆ Bud Light lost its sales crown to Modelo Especial amid right-wing backlash, report finds
▼ + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

Bud Light sales dropped 23% in May, according to data from research firm Circana. Bud Light sales plunged 23% year-over-year in May to $297.3 million, according to data compiled by consumer-behavior research firm Circana and shared with Insider. Anheuser-Busch suffered weeks of backlash from a Bud Light promotion featuring trans influencer Dylan Mulvaney. Analysts at JPMorgan recently warned that Bud Light sales could drop as much as 13% this year. Rounding out the top five in beer sales for May were Michelob Ultra, Coors Light, and Miller Lite, Circana reports.

Persons: Bud, —, Bud Light, influencer Dylan Mulvaney, Dylan Mulvaney, Gene J, Rob Kim, Bud Light's, Miller Organizations: Bud Light, Modelo, Service, Especial, Constellation Brands, Conservative, Anheuser, Busch, Associated Press, JPMorgan, Coors

☆ There's been a whopping 736 Tesla crashes involving Autopilot mode and 17 deaths since 2019, report finds
▼ + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

736 crashes of Teslas with Autopilot have occurred since 2019, a Washington Post analysis found. One safety expert says the increase is likely related to the expanded rollout of "Full Self Driving" technology. A new analysis has discovered a high number of crashes involving Tesla vehicles in Autopilot mode. The Washington Post says it analyzed data from the National Highway Traffic Safety Administration and found that 736 US crashes of vehicles using the driver-assistance technology had occurred since 2019, a lot more than previously reported. The automaker has said that its automation technology requires that the human driver monitor the vehicle and remain in control at all times.

Persons: Missy Cummings, Tesla Organizations: Washington Post, National, Traffic Safety Administration, Mason Autonomy, Robotics Center, George Mason University, Post Locations: Washington

☆ Cracker Barrel saluted Pride Month, and some people are losing it
▼ + stars: | 2023-06-09 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +3 min

Cracker Barrel posted a "Happy Pride Month" salute on social media with a rainbow rocking chair. The restaurant chain posted a photo on its Facebook page Thursday showing a rainbow-themed rocking chair on the porch of a Cracker Barrel restaurant. Facebook user Scarlett Wells wrote: "I've literally avoided Cracker Barrel because I was pretty sure y'all weren't inclusive. The backlash against Cracker Barrel is the latest in a wave of anti-LGBTQ protests and boycotts against major businesses, including Target, Bud Light, and Disney. Cracker Barrel also sparked criticism and boycott threats last year when it added vegan sausage to its menu.

Persons: —, Scarlett Wells, I've, Critics, Ronny Jackson, Wu Tang, Bud Light Organizations: Facebook, Service, Pride, Texas Republican, Target, Disney, New York Times Locations: Texas, Tennessee

Air freight flies in the bellies of passenger planes and dedicated freighters, most of which are converted planes. A Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023. An old first-class suite on a former Nordwind Boeing 777 slated to be converted to a freighter, March 7, 2023. Aircraft technicians work on a Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023. An aircraft technician works on a Boeing 777 that is being converted into a cargo plane in Fort Worth, Texas, March 7, 2023.

Persons: Leslie Josephs Organizations: Air, Baltic Air, Boeing, CNBC, CNBC Technicians, Aircraft, Companies, CNBC CNBC, Aspire, Mammoth, Fort Worth , Texas — Locations: Fort Worth , Texas, Texas, Singapore

☆ How flight delays caused by Canadian wildfire smoke will affect the U.S. airline industry
▼ + stars: | 2023-06-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow flight delays caused by Canadian wildfire smoke will affect the U.S. airline industryMike Boyd, president and CEO of the aviation consulting firm Boyd Group International, and CNBC’s Leslie Josephs join ‘The Exchange’ to discuss how several delayed flights in NYC and Newark airports due to the Canadian wildfire smoke will impact the U.S. airline industry and more.

Persons: Mike Boyd, CNBC’s Leslie Josephs Organizations: U.S, Group International, ‘ Locations: NYC, Newark

☆ Canada wildfire smoke again slows flights in the Eastern U.S.
▼ + stars: | 2023-06-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

People take photos of the sun in Central Park as smoke from wildfires in Canada causes hazy conditions in New York City, June 7, 2023. Smoke from Canada wildfires could disrupt flights in the Eastern U.S. again Thursday after hundreds were delayed a day earlier due to decreased visibility, the Federal Aviation Administration said. Hundreds of flights to and from LaGuardia Airport in New York and nearby Newark Liberty International Airport were delayed Wednesday due to the heavy smoke. By late morning Thursday, more than 1,300 flights to, from and within the the U.S. were delayed, according to flight tracker FlightAware. Fifty-six Newark departures, or 8% of the outbound schedule, and a similar number of arrivals to the New Jersey airport were delayed.

Organizations: Federal Aviation Administration, FAA, Philadelphia International, LaGuardia Airport, Newark Liberty International Airport, LaGuardia Locations: Central Park, Canada, New York City, Eastern U.S, Washington, Philadelphia, Charlotte, North Carolina, New York, LaGuardia, Newark, New Jersey

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow passenger planes are given a second life as cargo jetsDemand to convert retired passenger planes into cargo haulers has surged, a lucrative trend that allows these older jets to serve a new mission: transporting goods ranging from produce to pharmaceuticals worldwide. Cargo rates have eased from record highs, but demand remains high with conversion slots sold out for several years. Converting some larger aircraft can cost more than $30 million. CNBC gets an inside look at what it takes to turn a passenger plane into a freighter.

Organizations: CNBC

☆ Alo Yoga says it's the 'Tesla' of athleisure, and it's loosening Lululemon's grip on Gen Z
▼ + stars: | 2023-06-07 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +5 min

Alo Yoga's "studio-to-street" fitness clothes are a hit with Gen Z and Gen Alpha, the Wall Street Journal reports. Segment leader Lululemon faces growing competition not just from upstarts like Alo, but also legacy brands like Nike. Alo Yoga is building a following among two key demographics, Gen Zers, loosely defined as those born between 1997 and 2012, and their younger counterparts, Gen Alpha, according to an article in The Wall Street Journal. Alo YogaAlo's growth was boosted by influencers and its digital rootsAlo Yoga started in Los Angeles in 2007. It's created openings for others beyond Alo, but Alo certainly has started to set itself apart as a power brand in its own right."

Persons: Alo Yoga's, Gen Z, Alpha, Alo, —, Lululemon, Alo Yoga, Gen Zers, Gen Alpha, it's, I'd, Andrew Lipsman, Lipsman, Hailey Bieber, Bella Haddad, Budrul Chukrut, Danny Harris, Wall, It's, Lisman Organizations: Wall Street, Nike, Service, Street, Intelligence, influencers, Ford, GM, Chrysler Locations: Los Angeles, China, Alo

☆ New York City tops world's worst air pollution list from Canada wildfire smoke
▼ + stars: | 2023-06-07 | by ( Emma Newburger | ) www.cnbc.com time to read: +4 min

Smoke from the Canadian wildfires blankets New York City affecting air quality on June 7th, 2023. A man sits at the bus stop with a mask on his face in New York City, June 6, 2023. Selcuk Acar | Anadolu Agency | Getty ImagesMillions of people in the Midwest are experiencing dangerous air quality conditions, with air quality advisories in effect in southeastern Minnesota, parts of the Upper Peninsula of Michigan and areas in Wisconsin. Climate change is increasing the frequency and intensity of global wildfires and air pollution from wildfire smoke is also growing worse. Last year, Stanford researchers found millions of Americans are routinely exposed to wildfire smoke pollution at levels rarely seen only a decade ago.

Persons: Leslie Josephs, Kathy Hochul, Hochul, Eric Adams, Adams, Gary Hershorn, Selcuk Organizations: Federal Aviation Administration, New York's, Newark Liberty International, CNBC New York Gov, Wednesday, Health, CIRA, NOAA, New York State Department of Environmental Conservation, Quality Health, Corbis, Getty, Canada, Anadolu Agency, of, National Weather Service, Stanford Locations: New York City, Northeastern U.S, Kist, York, Canada, York City, Quebec, New York, Herald Square, Manhattan , New York, Minnesota, of Michigan, Wisconsin, Air, New England

☆ Northeast flights delayed as Canada wildfire smoke cuts visibility
▼ + stars: | 2023-06-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Smoke from wildfires in Canada delayed flights at New York-area airports and in Philadelphia on Wednesday as haze blanketed the region and cut visibility. Smoke drifting south from wildfires in Canada covered the New York City area on Tuesday into Wednesday, tainting air quality and sending residents indoors. As of noon Wednesday, the city ranked fourth in the world for worst air quality, with an IQAir World Air Quality Index of 158, a level considered unhealthy for all residents. As of mid-afternoon, 115 flights scheduled to fly to Newark, or around 18% of the day's total, were delayed, according to FlightAware. Flights to LaGuardia were delayed an average of about 120 minutes, and flights to Newark were delayed an average of 82 minutes, according to the FAA.

Persons: John F, —, Emma Newburger Organizations: FAA, Philadelphia International, New York's LaGuardia, New, LaGuardia, Kennedy International, United Airlines, Delta Air Lines, CNBC, American Airlines Locations: Canada, New York, Philadelphia, East Coast, Midwest, New York City, U.S, Newark, LaGuardia

☆ See the brands that will get hit hardest as student-loan payments come due, including Nike, Nordstrom, Gap, and Crocs
▼ + stars: | 2023-06-06 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

Student-loan repayments will soon restart after a years-long pause. Consumers are expected to cut their shopping budgets, especially on apparel, as debt repayments loom. Brands at risk of a spending slowdown include Nike, Gap, and Shopify. The retailers most at risk include Crocs, Nike, Nordstrom, Canada Goose, and Victoria's Secret, the analysts found. "We believe this indicates student loan consumers will reduce spending on apparel in a big way when they have to start paying off their student loan debt."

Persons: —, Jay Sole, Joe Biden, Kevin McCarthy, Donald Trump, Biden Organizations: Brands, Nike, Service, UBS, Nordstrom, Eagle Outfitters, Carter's, Consumers, Biden, US Locations: Canada

☆ Boeing warns new defect on 787 Dreamliners will slow deliveries
▼ + stars: | 2023-06-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Boeing on Tuesday warned about a new defect on its 787 Dreamliner planes and that it will delay deliveries of the wide-body aircraft, the manufacturer's latest production issue. "We are inspecting 787s in our inventory for a nonconforming condition related to a fitting on the horizontal stabilizer," Boeing said in a statement. Near-term deliveries will be delayed by about two weeks, Boeing said. Boeing had paused deliveries of the planes for several weeks earlier this year because of a separate problem on a fuselage component on certain 787s. The latest issue currently doesn't affect Boeing's full-year outlook for Dreamliner deliveries, the company said.

Persons: Aerosystems Organizations: Boeing Co, Boeing Locations: North Charleston , South Carolina

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow Boarding: Why flying with weed is complicatedOn this episode of "Now Boarding," Leslie and Erin discuss how conflicting state and federal marijuana laws collide at U.S. airports. "Now Boarding" is a weekly podcast 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 every Sunday.

Persons: Leslie, Erin, Leslie Josephs, Erin Black Organizations: CNBC, YouTube

"Now Boarding" is a weekly podcast 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 every Sunday. On this episode of "Now Boarding," CNBC discusses how conflicting state and federal marijuana laws collide at U.S. airports.

Persons: Leslie Josephs, Erin Black Organizations: CNBC, YouTube

☆ Consumers keep traveling despite recession fears and inflation
▼ + stars: | 2023-06-02 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Prices for airline tickets, for example, were down 0.9% in April from a year ago, according to the latest federal inflation read. A round-trip domestic flight is averaging $306 this summer, down 19% from last year, though still 6% higher than in 2019, according to travel site Hopper. Lodging also has been more expensive this year, even within the U.S. Hotel occupancy averaged 60.6% from January though April, with per-night average rates of $152.68, according to hotel data firm STR. That's up from 63% occupancy and average nightly rates of $130.05 during the same period in 2019, and up from 58.4% occupancy and average rates of $141 a night last year. Nightly hotel rates for Maui, Hawaii, have increased more than 53% since 2019 to $535.90, the biggest percentage increase in the U.S., according to STR.

Persons: Francesco Riccardo Iacomino, Jason Gaughan, Hopper Organizations: Deloitte, Transportation Security Administration, American Airlines, Bank of America, U.S Locations: U.S, Europe, Airfare, Maui, Hawaii, San Jose, Santa Cruz, California

☆ How to get a free doughnut at Dunkin', Krispy Kreme, Tim Horton's, and more
▼ + stars: | 2023-06-02 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +1 min

June 2 is National Donut Day. Customers can score free doughnuts at stores nationwide, from Dunkin' to Krispy Kreme. Some free offers require a minimum purchase of a beverage or other item. Here are some of the national restaurant chains offering the sweet treats for free today. And don't forget to check out local and regional chains, which may also have specials.

Persons: Dunkin, —, Krispy Kreme, Tim Horton's Organizations: Service, Salvation Army

☆ American Airlines raises profit forecast thanks to stronger demand and cheaper fuel
▼ + stars: | 2023-05-31 | 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 adjusted earnings outlook for the second quarter thanks to strong travel demand and lower fuel prices. Adjusted per-share earnings will come in between $1.45 and $1.65, American estimated Wednesday, up from a previous forecast of $1.20 to $1.40 per share. American Airlines CEO Robert Isom is scheduled to speak at the Bernstein Strategic Decisions Conference at 4:30 p.m. The airline is scheduled to report results for the second quarter at the end of July.

Persons: it's, Robert Isom Organizations: American Airlines, Miami International Airport, Miami , Florida . American Airlines, American, JetBlue Airways Locations: Miami , Florida, Fort Worth , Texas

☆ American Airlines plans to appeal ruling that blocks JetBlue partnership, CEO says
▼ + stars: | 2023-05-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane takes off near a parked JetBlue plane at the Fort Lauderdale-Hollywood International Airport on July 16, 2020 in Fort Lauderdale, Florida. American Airlines plans to appeal a court's recent ruling that would block its partnership with JetBlue Airways in the Northeast, American CEO Robert Isom said Wednesday. A spokesman for JetBlue declined to comment and didn't say whether the airline also planned to appeal the ruling along with American. U.S. District Judge Leo Sorokin ruled earlier this month that the airlines' partnership in the region is anticompetitive and ordered the airlines to end the partnership in 30 days. American Airlines CFO Devon May said at the same conference on Wednesday that the company didn't expect a material impact this year due to the ruling.

Persons: Robert Isom, Leo Sorokin, We've, Isom, Joe Biden's, Biden, Sorokin, Trump, Devon May Organizations: American Airlines, JetBlue, Fort, Hollywood International Airport, Fort Lauderdale , Florida . American Airlines, JetBlue Airways, American, U.S, District, DOJ, Joe Biden's Justice Department, District of Columbia, Delta, Delta Air Lines, United Airlines, Devon, Justice Department, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, Northeast, American, Boston, New York

☆ Memorial Day air travel tops 2019 levels as consumers keep shelling out for trips
▼ + stars: | 2023-05-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Travelers arrive for flights at O'Hare Airport on May 25, 2023 in Chicago, Illinois. Memorial Day air travel surpassed pre-Covid pandemic levels, showing how consumers continue to shell out for trips despite persistent inflation. The Transportation Security Administration screened 9.79 million people from Friday through Monday, up slightly from the holiday weekend in 2019. Relatively clear weather helped air travel over the weekend, and 16% of flights arrived late from Friday through Monday, according to FlightAware, a flight-tracking site. Delays fell from the holiday weekend last year.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow Boarding: Why you may be flying on bigger planes this summerOn this episode of "Now Boarding" Leslie and Erin discuss how airlines are growing by using bigger planes that fit more passengers to grow while airport congestion, high costs and pilot shortage limits their ability to add flights. "Now Boarding" is a weekly podcast about air travel and the business of flying. CNBC airlines reporter Leslie Josephs and CNBC senior producer Erin Black delve into topics about all things aviation. Watch this episode and others on CNBC's YouTube channel every Sunday.

"Now Boarding" is a weekly podcast 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 every Sunday. On this episode of "Now Boarding" Leslie and Erin discuss how airlines are turning to bigger planes that fit more passengers to grow while airport congestion, high costs and a pilot shortage limit their ability to add flights.

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