DIRS.INFO The most relevant business & tech news

☆ Boeing says its space mission is 'going well' despite its Starliner leaving 2 astronauts stuck on the ISS
▼ + stars: | 2024-06-27 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBoeing is doing damage control as its first crewed commercial spacecraft remains on the International Space Station (ISS) with no confirmed return date. This story is available exclusively to Business Insider subscribers. AdvertisementAs Business Insider previously reported, helium supports Starlink's reaction control system thrusters, which allows them to fire. "Starliner is performing well in orbit while docked to the space station," the spokesperson said, though they added that no return date has been confirmed.

Persons: —, Butch Wilmore, Suni Williams Organizations: Service, Space, NASA, Business, Boeing, Financial Times Locations: Boeing's

☆ A Boeing whistleblower says he saw holes being drilled incorrectly on 787 planes, adding to the chorus of people speaking up against the company
▼ + stars: | 2024-06-27 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewAnother Boeing whistleblower has come forward, saying that he witnessed 787 Dreamliner planes being built in a manner that could lead to a "catastrophe down the line." Richard Cuevas was a Strom airplane mechanic who used to work as a contractor for Boeing and Spirit AeroSystems. He said that in 2023, he witnessed substandard manufacturing of the 787 planes' forward pressure bulkheads, which help maintain air pressure. AdvertisementHowever, in March, a few months after he reported his findings to Boeing and Spirit AeroSystems, he was fired from his job, the complaint said. Cuevas' lawyers and representatives of Boeing and Spirit AeroSystems didn't immediately respond to a request for comment from Business Insider, made outside regular working hours.

Persons: —, Richard Cuevas, Cuevas, AeroSystems, Sam Mohawk, Merle Meyers, John Barnett, Barnett, BI's Matthew Loh, AeroSystems didn't Organizations: Service, Boeing, Business, Federal Aviation Administration, Korean, Max, United Airlines Boeing, San Francisco International, Alaska Airlines Locations: Charleston, Taiwan

☆ China says it picked up a submarine detector dropped by a US Navy aircraft in the South China Sea
▼ + stars: | 2024-06-27 | by ( Chris Panella | ) www.businessinsider.com time to read: +1 min

Chinese state media shared a video of what it characterized as a submarine detection device dropped by a US Navy aircraft. The apparent sonobuoy was discovered in the South China Sea near the Second Thomas Shoal. AdvertisementChina's coast guard found a submarine detection device dropped by a US Navy aircraft somewhere in the South China Sea, a state broadcaster reported. Maritime patrol aircraft often use them and other detectors in open waters to track submarine movements and locations. Video footage shared by Chinese state media on Wednesday showed a US Navy aircraft, what appears to be a P-8 Poseidon, dropping an object resembling a sonobuoy into the South China Sea.

Persons: Thomas Shoal, — Organizations: US Navy, Military, Service, Business Locations: South China, China

☆ Houthi rebels say they've fired a new 'homemade hypersonic missile,' posting footage of its launch at a civilian ship
▼ + stars: | 2024-06-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewYemen's Houthi rebel group said on Wednesday that it targeted a Liberian-flagged ship in the Arabian Sea with a "homemade hypersonic missile," saying it unveiled the weapon for the first time. Houthis posted footage of the missileHouthi-linked channels posted footage of the purported launch, calling the missile the "Hatem-2" or "Hadim-2." AFP via Getty ImagesIs the 'Hatem-2' really a homemade hypersonic missile? Notably, Yemen's latest launch occurred as the USS Dwight D. Eisenhower Carrier Strike Group left the region on Saturday after defending the area for about eight months. It is due to be replaced by the USS Theodore Roosevelt Carrier Strike Group.

Persons: —, Yahya Sare'e, Sare'e, MSC Sarah V, Houthis, Hatem, SARAH V, Saddam Hussein's, Yemen's, Dwight D, Theodore Roosevelt Carrier, Roosevelt Organizations: Service, Liberian, Business, MSC, Kingdom Maritime Trade Operations, British Royal Navy, Yemeni Military Industrialization Corporation, United Nations, AFP, Getty, Tel Aviv . Naval, US, Eisenhower Carrier Strike Group, Theodore Roosevelt Carrier Strike Locations: Greek, Israel, Abu Dhabi, Persian, Iran, Tehran, Saddam Hussein's Iraq, China, Palestine, Red, Gaza, Tel Aviv, Yemen, South Korea

☆ I sat in the front and back of economy for a round-trip, long-haul flight. I'm still partial to the back.
▼ + stars: | 2024-06-27 | by ( Monica Humphries | ) www.businessinsider.com time to read: +5 min

Read previewIt's a hot take, but I love the back of a plane — especially on a long-haul flight. But after a handful of long-haul flights tucked away in the rear of economy, I decided to see if my preference remained strong. On a recent round-trip, long-haul Lufthansa flight between Denver and Germany, I decided to compare the two areas of economy. AdvertisementAn economy seat on a long-haul Lufthansa flight. Monica Humphries/Business InsiderUltimately, no economy seat on a long-haul flight is ideal, but I'm sticking with the backNo matter the seat, a 10-hour flight isn't fun.

Persons: —, Monica Humphries, I'm, that's, I've Organizations: Service, Lufthansa, Business, I've Locations: Denver, Germany, Tokyo, Munich

Tokyo CNN —Japanese prosecutors have charged a US Air Force member with allegedly kidnapping and raping an underage girl just before Christmas last year, Okinawa police confirmed to CNN on Wednesday. Washington was released on bail and transferred to the Kadena US Air Base in Okinawa for custody, according to a government spokesperson. The court’s spokesperson told CNN they do not have any details regarding the airman’s legal representation. The embassy told CNN in a phone call to contact Kadena Air Base, where Washington was based, for information on the case. CNN has contacted Kadena Air Base for comment.

Persons: Brennon, ”, Denny Tamaki, “, Alvin G, Nelson III, ” Nelson, Masataka Okano, Rahm Emanuel, Joe Biden, Fumio Kishida, Yoon Suk, David, Biden Organizations: Tokyo CNN, US Air Force, Okinawa, CNN, Kadena US Air Base, Ospreys, Okinawa Gov, Kadena Air Base, Kadena, US Navy, Mount, Japan’s, Foreign Affairs, Washington, Japanese Foreign Ministry, Embassy, Japanese, South Locations: . Washington, Naha, Okinawa’s, Washington, Okinawa, Tokyo, China, North Korea, ” Washington, Japan, curfews, Beijing

☆ US Air Force veteran charged with disclosing classified information on US military aircraft and weapons
▼ + stars: | 2024-06-27 | by ( Zachary Cohen | Holmes Lybrand | ) edition.cnn.com time to read: +2 min

CNN —A US Air Force veteran has been arrested and charged for allegedly disclosing classified information related to American military aircraft and weapons to unauthorized individuals, the Justice Department announced Thursday. Paul J. Freeman was charged with unauthorized possession and transmission of classified national defense information by a grand jury in Florida on Tuesday, according to court records. Freeman transmitted information related to “vulnerabilities” of Air Force aircraft and related to weapon systems on multiple occasions between November 2020 and March 2021, prosecutors allege. The Air Force Office of Special Investigations and FBI are investigating the case. CNN previously reported that the Pentagon increased its security screenings following a massive leak of classified documents by a member of the Massachusetts Air National Guard last year that exposed sensitive information online.

Persons: Paul J, Freeman, Freeman’s, Lloyd Austin, Jack Teixeira, Teixeira Organizations: CNN, US Air Force, Justice Department, Air Force, Pentagon, The Air Force Office, Special Investigations, FBI, Massachusetts Air National Guard, Pentagon Force Protection Agency, Defense Locations: Florida

☆ Inside Europe's tech hubs: France's AI push puts it on the rise
▼ + stars: | 2024-06-27 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +31 min

Brimming with entrepreneurs and around 1,000 startup companies, it embodies France's exciting tech industry. So if you could rank Europe's tech hubs, what would be your top three? But I'm really excited about Lisbon actually, I know the Mayor of Lisbon pretty well, have been hearing really positive things. I mean things like that could just be completely deprioritized, which is essentially what has been helping us move things forward in France. Under Macron what have been for you the big positives that have come out of his presidency and tech push more broadly.

Persons: Tom Chitty, Roxanne Varza, Bruno Le Maire, Tom Chitty The, you'll, Arjun, I've, Roxanne, Macron, we'd, we've, Tom Chitty Let's, Xavier Niel, he's, Roxanne Varza That's, we're, I'm, Roxanne Varza Paris, Tom Chitty Arjun, Arjun Kharpal, What's, There's, you've, haven't, They're, Roxanne Varza Big, Tom Chitty U.S, Arjun Kharpal It's, who's, that's, there's, they've, we'll, Tom, Tom Chitty We'll Organizations: Meta, Google, CNBC, Uber, Accel, Dealroom, Mistral, Viva Tech, Sequoia Capital, Big Tech, Microsoft, French Finance, London Stock Exchange, London . Locations: Paris, France, French, Europe, beyondthevalley@cnbc.com, London, Berlin, U.S, Silicon Valley, Palo Alto, Bay, Amsterdam, Lisbon, Old, Shoreditch, London . Tel Aviv

☆ US stockpiles of the rare earth minerals it would need to fight a war against an adversary like China are a mystery, and experts warn it's a problem
▼ + stars: | 2024-06-27 | by ( Kelsey Baker | ) www.businessinsider.com time to read: +8 min

Part of the military's mission at home is to keep stockpiles of goods like critical minerals on hand for emergency wartime use. In the dark on the stockpileAlthough the name suggests otherwise, rare earth minerals are not exactly rare — in fact, they're relatively plentiful. The Biden administration began cutting American imports of Chinese rare earth minerals a few years ago in an effort to decrease US reliance on China for critical minerals. Submarines, fighter aircraft, magnets used in missiles, radar systems, and drones all require critical earth minerals for manufacturing. AdvertisementA past report for Congress on rare earth minerals for national defense, for instance, noted that a single Virginia-class submarine requires 9,200 pounds of rare earth minerals, while an Arleigh Burke-class destroyer requires 5,200 pounds.

Persons: —, Biden, Lockheed Martin, Gregory Wischer, Wischer, Arleigh Burke, Halsey, Sampson, Chris Williamson Fabian Villalobos, Locke Organizations: Service, Business, Pentagon, Lockheed, Getty, Gratia, Defense Logistics Agency, of, Department of Defense, Defense Industrial Strategy, . US, Pacific, DoD, Materials, Lynas, Joint Base, Hickam . US Navy, RAND Corporation, National Defense, NDS, Industrial Base Locations: China, Fort Worth, Virginia, Arabian, Japan, South Korea, United States, California, Lynas USA, Texas, Vermont, Hickam

☆ Shotguns emerge as a low-tech weapon to counter commercial drones in modern warfare
▼ + stars: | 2024-06-26 | by ( Travis Pike | Sandboxx News | ) www.businessinsider.com time to read: +6 min

World War I made them trench guns and World War II jungle guns. The war in Ukraine has cemented commercial drones as potent weapons . Much like aircraft in World War I, commercial drones started life as reconnaissance assets, but it wasn't long until they were weaponized. Given the size and price of commercial drones, they are remarkably efficient and extremely deadly. AdvertisementShotguns won't be the ultimate, end-all option against commercial drones, but they are an infantry and armor organic weapon that could be easily used in this role.

Persons: —, Coats, we'd, Sergey Bobok, Genya Savilov Organizations: Service, Business, Devices, Getty, French Ministry of, Armed Forces, French Armed Forces, Benelli Locations: Ukraine, Ukrainian, Kharkiv, AFP, United States, Donetsk

☆ South Korea's military fires on border islands for the first time in 7 years as a North Korean missile fails and the balloon war rages on
▼ + stars: | 2024-06-26 | by ( Ella Sherman | ) www.businessinsider.com time to read: +1 min

South Korea has resumed live-fire drills after seven years. South Korea previously paused the drills due to a 2018 military accord, which North Korea is accused of violating 3,600 times. AdvertisementThe South Korean military resumed live-fire drills on border islands Wednesday after a seven-year pause. The exercise follows a failed North Korean missile test and a flurry of other activity and comes as the two countries battle with balloons. North Korea conducted a suspected hypersonic missile test Wednesday morning, but it is believed to have exploded in midair.

Persons: — Organizations: Service, Korean, US Navy, Business Locations: Korea, South Korea, North Korea, Japan

Boeing said it had previously investigated Cuevas’ allegations and they did not pose a safety problem. Cuevas said he filed a complaint with Boeing’s ethics hotline, reporting to management that he believed Spirit was hiding the issues from Boeing. He also alleges that Boeing opened an investigation into Cuevas’ concerns in October 2023, alerting Spirit management to the complaints. A separate report found “gaps” in Boeing’s safety culture, including a disconnect between management and employees, and fears among employees about retaliation for reporting safety concerns. Calhoun said Boeing is “far from perfect,” and he acknowledged that the company will not easily regain the public’s trust.

Persons: CNN —, ” Richard Cuevas, Spirit Aerosystems, Cuevas, ”, Aerosystems, Strom, ” Cuevas, “ we’ve, Spirit, Sam Salehpour, Dave Calhoun, Calhoun Organizations: CNN, Boeing, Federal Aviation Administration, FAA, US Department of Justice Locations: Everett, Washington

☆ Evan Gershkovich: Russia begins espionage trial of US reporter behind closed doors
▼ + stars: | 2024-06-26 | by ( Christian Edwards | ) edition.cnn.com time to read: +7 min

CNN —The trial of Evan Gershkovich, the first American journalist to be arrested on espionage charges in Russia since the Cold War, began Wednesday morning in a closed door hearing that has been condemned by his newspaper and the United States. While many newsrooms subsequently pulled their reporters out of Russia, Gershkovich remained, covering the war and how it was changing life in Russia. Footage on Wednesday morning showed Gershkovich inside a glass court cage, his head shaved, ahead of the trial due to start imminently behind closed doors. The trial of Gershkovich, the American-born son of Soviet-era emigres to the US, has highlighted the extent to which Russia’s invasion of Ukraine has harmed relations between Moscow and Washington. Gershkovich seen inside an enclosure for defendants in Yekaterinburg, Russia on June 26, 2024.

Persons: Evan Gershkovich, Gershkovich, Gershkovich “, Matthew Miller, ” Miller, Ella Milman, Mikhail Gershkovich, “ He’s, ” Milman, He’s, Evan, Evgenia Novozhenina, Natalia Kolesnikova, Emma Tucker, “, ” Tucker, Joe Biden, Evan ”, Paul Whelan, Whelan, ”, Biden, Brittney Griner, –, Griner, Viktor Bout, Bout, Putin, Tucker Carlson, Andrei Soldatov, Vladimir Putin, Vadim Krasikov, ” Putin, Gershkovich’s, Mikhail Organizations: CNN, Wall Street, Russia, CIA, WSJ, US State Department, State, Reuters, Getty, Journalism, “, Kremlin, Tucker Carlson Network Locations: American, Russia, United States, Ukraine, Yekaterinburg, Moscow, Washington, Sverdlovsk Regional, Russian, Moscow’s, AFP, Soviet, Ukrainian, Chechen, Berlin

☆ North Korea’s latest missile test likely ended in failure, South Korea’s military says
▼ + stars: | 2024-06-26 | by ( ) www.cnbc.com time to read: +2 min

A North Korean ballistic missile test Wednesday likely ended in failure, South Korea's military said, days after the North protested the recent regional deployment of a U.S. aircraft carrier for a trilateral military drill with South Korea and Japan. A North Korean ballistic missile test Wednesday likely ended in failure, South Korea's military said, days after the North protested the recent regional deployment of a U.S. aircraft carrier for a trilateral military drill with South Korea and Japan. The Joint Chiefs of Staff said South Korean and U.S. intelligence authorities are analyzing details of the North Korean launch. Yonhap cited an unidentified South Korean military source as saying North Korea was believed to have tested a hypersonic missile. South Korea's military said Monday said it was ready to turn on its loudspeakers again.

Persons: didn't, Yonhap Organizations: South Korea's, Chiefs, Staff, South, Japan's Defense, Korean Locations: Korean, U.S, Korea, Japan, South, South Korean, North Korea, South Korea

☆ North Korea's Kim Jong Un could get his hands on some worrying military tech in exchange for throwing Russia a war lifeline
▼ + stars: | 2024-06-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Support from North Korea — in the form of weapons and ammunition — helps Russia keep up the pressure. KCNA via REUTERSOne of the biggest asks from Kim could be technology for nuclear-powered submarines, which North Korea is trying to build. North Korea currently maintains one of the world's largest fleets, with estimates ranging from 64 to 86 total subs. Much of the country's stockpiles date back decades, and US and South Korean officials have raised doubts about the effectiveness of these weapons. AdvertisementBut how this plays out is not all about what North Korea wants.

Persons: —, Kim Jong, Kim, Putin, Victor Cha, Kim Jae, Getty Images Putin, Cha, JUNG YEON, Kurt Campbell, There's, Scott Snyder, he's Organizations: Service, Business, Center for Strategic, International Studies, East, SOUTH, Getty Images, North Korea —, KCNA, REUTERS, Korean, Fighter, Korean People's Army, Reuters, Korea's Air Force, North, CSIS, Korea Economic Institute of America Locations: Korea, Ukraine, Moscow, Pyongyang, Russia, Asia, East Asia, North Korea, SEOUL, SOUTH KOREA, Yongsan, Seoul, Russian, South Korea

☆ The US Navy's turning to its third carrier strike group as its warships react to Middle East conflicts with no end in sight
▼ + stars: | 2024-06-26 | by ( Jake Epstein | ) www.businessinsider.com time to read: +7 min

The USS Theodore Roosevelt Carrier Strike Group is currently in South Korea, but it will soon depart for the US Central Command area of responsibility. US Navy photo via APA carrier strike group is a naval formation that includes a carrier, its air wing, and several other warships such as cruisers and destroyers. Eisenhower strike groupThe Dwight D. Eisenhower Carrier Strike Group first deployed to the Eastern Mediterranean in October, bringing in more firepower alongside the Ford. Roosevelt strike groupSlated to replace the Eisenhower is the USS Theodore Roosevelt Carrier Strike Group. As for the other crises, the incoming Roosevelt carrier strike group has its work cut out for it.

Persons: —, Theodore Roosevelt Carrier, Gerald R, Ford refuels, Arleigh Burke, Thomas Hudner, Ramage, USS Carney, Roosevelt, Carney, Eisenhower, Dwight D, Ike, Theodore Roosevelt, Kyung, Maj, Pat Ryder, Ryder, Israel Organizations: Service, US Navy, Theodore Roosevelt Carrier Strike, US Central Command, CSG, Business, Pentagon, Ford Carrier Strike Group, AP, Ford, Ticonderoga, Eisenhower Carrier Strike Group, Eisenhower, British, European Command Locations: —, Gaza, South Korea, Gulf of Aden, Israel, Lebanon, Laramie, Normandy, Iran, Persian, Gulf, Aden, Yemen, Busan

☆ US Navy nuclear ballistic missile submarine surfaces off Norway in unusual flex as 'Doomsday' plane flies overhead
▼ + stars: | 2024-06-26 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

Read previewA US Navy nuclear-powered ballistic submarine popped up in the Norwegian Sea this week in a rare show of force. As suspected, deployment of E-6B TACAMO nuclear command, control and communication aircraft to Norway indicated forward operations with nuclear missile submarines. AdvertisementThe Russian nuclear-powered submarine Kazan, part of the Russian naval detachment visiting Cuba, arrives at Havana's harbour, June 12, 2024. ADALBERTO ROQUE/AFP via Getty ImagesAs the "boomers," or ballistic missile subs, are an element of the US nuclear triad, the US Navy doesn't regularly reveal where they are. The US has also made similar revelations in other parts of the world with its Ohio-class cruise missile submarines, which carry 154 land-attack Tomahawks.

Persons: —, ste, Russ, ove Out" (TA, ulf, Hans Kris, zan, ott, d in Cu Organizations: Service, US Navy, US Naval Forces, 6th Fleet, USS, Business, ucl, ust, NATO, rit Locations: Norwegian, US Naval Forces Europe, Africa, USS Tennessee, Normandy, pec, ADAL, dvinsk, surf

☆ People thought they might die when oxygen masks deployed on a United flight to Maui, passenger says
▼ + stars: | 2024-06-25 | by ( Kelsey Vlamis | Amanda Goh | ) www.businessinsider.com time to read: +4 min

This story is available exclusively to Business Insider subscribers. AdvertisementScott's wife, Lesley Scott, said the flight attendants urgently asked passengers to put the oxygen masks on, which they thought meant this was not a mistake and that something was actually wrong. AdvertisementIn a statement provided to Business Insider, United said: "A small number of oxygen masks inadvertently deployed during the flight. About a week prior, oxygen masks also "inadvertently deployed" on a transatlantic United flight from Paris to Washington, DC. AdvertisementBoeing did not immediately respond to a request for comment from Business Insider sent outside regular hours.

Persons: —, Ryan Scott, Scott, Lesley Scott, United Organizations: Service, Business, United, Kahului, Boeing, Business Insider Locations: Marin County , California, Hawaii, San Francisco, Maui, hyperventilating, Paris, Washington

☆ US carrier strike group's new video captures the Navy's explosive front-line combat in the Red Sea
▼ + stars: | 2024-06-25 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

AdvertisementAn F/A-18E Super Hornet launches from the flight deck of the USS Dwight D. Eisenhower in the Red Sea on April 12. AdvertisementThe USS Dwight D. Eisenhower conducts flight operations in the Red Sea on Feb. 23. The aircraft carrier USS Dwight D. Eisenhower sails in the Mediterranean Sea on Nov. 3, 2023. AdvertisementThe Ike and its escort warships will soon be replaced by the USS Theodore Roosevelt Carrier Strike Group, which has been operating in the Indo-Pacific region. The changing of America's Middle East naval presence comes amid a particularly active stretch for the Houthis.

Persons: —, Dwight D, Eisenhower, Ike, Lloyd Austin, Arleigh Burke, IKE, Kavon Hakimzadeh, Navy Petty, Theodore Roosevelt Carrier Organizations: Service, Business, Aircraft, Hornet, US Navy, US, Eisenhower, Defense, Pentagon, Ticonderoga, Fleet, Carrier Strike, Navy, Theodore Roosevelt Carrier Strike Locations: Iran, Gulf, Aden, Yemen, Britain, France, East

☆ Stocks making the biggest moves midday: SolarEdge Technologies, Pool Corp., Carnival and more
▼ + stars: | 2024-06-25 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: SolarEdge Technologies — Shares of the company tumbled more than 20% following the announcement that it will offer $300 million worth of convertible notes due 2029. — The stock plunged more than 7% after the company updated its earnings guidance for the full year on Monday after the bell. The wholesale pool supplies distributor expects full-year earnings between $11.04 and $11.44 per share. Carnival — Shares added nearly 8% after the cruise company posted a second-quarter earnings and revenue beat. Penn Entertainment — The casino operator and online gambling platform's stock fell 5% after Raymond James downgraded it to market perform from outperform.

Persons: Leslie's, LSEG, Raymond James, Enovix, Rivian, —, Alex Harring, Lisa Kailai Han, Jesse Pound Organizations: U.S . Securities, Exchange, Pool Corp, Carnival, Penn Entertainment, Airbus, Nvidia —, Novo Nordisk, Guggenheim, Spirit AeroSystems, Boeing, Bloomberg Locations: Singapore, France, China

☆ How Delta made itself America's luxury airline — and what United wants to do about it
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +16 min

Rival United Airlines — second to Delta in net profit margins — is circling. Delta plans to open Delta One lounges in Boston and Los Angeles later this year, and is studying airports where it could open others. Like other airlines, Delta accepted billions in federal aid to weather the pandemic. Luxury air travel and the United States didn't go together for many years — and might not still, if you ask well-heeled globetrotters. And at Delta and other airlines, many of the perks for luxury flyers come through lounges.

Persons: Benoit Tessier, Ed Bastian's, Bastian, Ed Bastian, John F, Raymond James, Savanthi Syth, Andrew Nocella, Patrick Quayle, Quayle, Richard Anderson, Anderson, Delta, Barack Obama's, They're, Shai Weiss, Claude Roussel, Joe Biden, United States didn't, Henry Harteveldt, Scott Kirby Organizations: Airbus, Delta Air Lines, Reuters Delta Air Lines, Transportation Department, Rival United Airlines —, CNBC, Delta Air Lines Inc, Bloomberg, Getty, American Express, Kennedy International Airport, United, Boeing, U.S, Labor, Southwest Airlines, U.S ., JetBlue Airways, Delta, Corporate, Northwest Airlines, Endeavor, Virgin, American, Sky Club, New, LaGuardia, Etihad Airways, Singapore Airlines, Atmosphere Research, Airlines, Sky Clubs, Los Angeles International Airport, JFK, American Airlines, JPMorgan, Consumer Electronics, Starbucks Locations: punctuality, New York, Delta, Chicago, Boston, Los Angeles, Dubrovnik, Croatia, Amman, Jordan, Cape Town , South Africa, Atlanta, U.S, Queens, N.Y, United, Tokyo, York, United States, Las Vegas

☆ Airbus shares fall 11% as company cuts 2024 guidance on targets, deliveries
▼ + stars: | 2024-06-25 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: 1 min

A Lufthansa Airbus A340-313 aircraft taxis at Los Angeles International Airport before departing for Frankfurt on May 5, 2024 in Los Angeles, California. Shares in Airbus fell by close to 11% on Tuesday after the company said it was cutting its targets for 2024, including aircraft deliveries and earnings. Airbus on Monday said it was now expecting its adjusted earnings before interest and taxes to come in at around 5.5 billion euros ($5.9 billion), down from a previous estimate of 6.5 to 7 billion euros affirmed on April 25. The company said it was now anticipating to deliver approximately 770 commercial aircrafts this year, compared to a previous outlook near 800. Europe-listed shares in the company were down 10.75% at 9:50 a.m. London time.

Organizations: Lufthansa Airbus, Los Angeles International Airport, Frankfurt, Airbus Locations: Los Angeles , California, Europe, London

☆ Travelers could see higher fares, fewer available seats as Airbus cuts number of planes it expects to make this year
▼ + stars: | 2024-06-25 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —Airbus cut its target for how many planes it expects to make this year and next, citing supply chain issues. The tighter-than-expected supply of jets is forcing airlines to adjust their expansion plans, even as they deal with record demand for air travel. That means that passengers could find fewer available seats and fares that are higher than they would be otherwise. But airlines that use Airbus planes have not been without problems, as a number of A320neo jets have been grounded due to problems with their engines. Airfares were down 13% to nearly 19% from those 2022 peaks during the summer travel months last year, as the number of available seats on planes rose by about 15% from a year earlier.

Organizations: New, New York CNN, Airbus, Boeing, Max Alaska Air, Monday Airbus, TSA, Consumer, Bureau of Transportation Statistics Locations: New York, Paris

☆ A US military aircraft just returned to a WWII airstrip that was once the site of a bloody battle in the Pacific
▼ + stars: | 2024-06-25 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

Read previewA US military cargo plane returned to a World War II airstrip on Saturday, a site in the Pacific region that Marines had to reclaim. "The landing of the C-130 on the resurfaced runway after many years hopefully begins a new chapter for a prosperous future of Peleliu island," Peleliu Governor Emais Roberts said in a United States Indo-Pacific Command press release. Hannah Hollerud/DVIDSThe aircraft's touchdown on the Peleliu airstrip epitomizes the US military's expanding footprint as it recognizes more bases may be needed to counter China's military build-up. Palau citizens would also be permitted to work, study, join the US military, and receive access to veteran healthcare. AdvertisementA U.S. Marine Corps KC-130J Super Hercules aircraft with 1st Marine Air Wing on June 22, 2024.

Persons: —, Emais Roberts, Eugene Sledge, Lance Cpl, Hannah Hollerud, Joe Biden Organizations: Service, Marines, Pacific Command, Business, Imperial, Marine Corps, Palau, Marine, HBO, . Marine Corps KC, 1st Marine Air, Marshall, 1st Marine Air Wing Locations: Pacific, Peleliu, United States, Republic of Palau, Micronesia, Palau, Philippine, Tinian, Guam

☆ US aircraft carrier arrives in South Korea as Russia-North Korea defense pact deepens regional fears
▼ + stars: | 2024-06-24 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Besides signing the defense deal with Kim Jong Un, Putin also linked security on the Korean Peninsula to Russia’s invasion of Ukraine, threatening to arm North Korea should South Korea provide military aid to Kyiv. The aircraft carrier’s presence in Busan is just the latest in a series of US military moves to show Washington’s “ironclad” commitment to its own treaty ally in South Korea. Earlier this month, US Air Force B-1B bombers participated in a live-fire exercise on the peninsula, the first time in seven years those long-range strike aircraft have dropped live munitions in South Korea. The visit of the USS Theodore Roosevelt to Busan marks the second time a Nimitz-class carrier has visited South Korea in seven months. Neither the US nor South Korea would give details or exact dates of the upcoming Freedom Edge exercise.

Persons: Theodore Roosevelt, Vladimir Putin, Kim Jong Un, Putin, Kim, ” Putin, Carl Vinson, Roosevelt, “, ”, Dwight D, Eisenhower, Ronald Reagan Organizations: Hong Kong CNN, United States Navy, DPRK, Democratic People’s, CNN, US Air Force, United Nations, South, Nimitz, Hornet, South Korean, Pentagon Locations: Hong Kong, South Korea, Washington, Seoul, Tokyo, North Korea, Russia, Busan, Japan, Russian, Pyongyang, Ukraine, Kyiv, Democratic People’s Republic of Korea, North, Korea, Moscow, Yemen, Iran, Pacific, Yokosuka

Search resuls for: "" Aircraft"

25 mentions found