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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom: Not pleased with the Q2 resultsCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the airline's quarterly earnings results, impact of CrowdStrike outage, corporate travel demand, supply chain challenges, and more.
Persons: Robert Isom, Phil LeBeau Organizations: American, American Airlines
Scott Olson | Getty ImagesRecord summer air travel demand isn't translating to record U.S. airline profits. Some airlines have forecast record demand, and in some cases, revenue. American Airlines on May 28 cut its second-quarter revenue and profit forecasts and announced its chief commercial officer was leaving after a sales strategy backfired. "The domestic supply and demand imbalance has led to a weaker domestic pricing environment than we had forecast," American Airlines CEO Robert Isom said at a Bernstein industry conference the next day. Travelers at New York's LaGuardia Airport Leslie Josephs/CNBCSouthwest Airlines cut its second-quarter forecast in late June, citing shifting demand patterns.
Persons: Scott Olson, sprees, Raymond James, Savanthi Syth, Scott Group, Hopper, Airfare, Robert Isom, Leslie Josephs, Bob Jordan, Pratt, Ted Christie Organizations: O'Hare, Getty, Airbus, Boeing, Pratt & Whitney, NYSE Arca, Paris, Investors, Delta Air Lines, Analysts, Delta, American Express, United Airlines, Alaska Airlines, Wolfe Research, Scott, theTransportation Security Administration, Airlines, Airline, Aircraft, U.S, American Airlines, CNBC Southwest Airlines, Elliott Investment Management, Politico, JetBlue Airways, Frontier Airlines, JetBlue, Spirit Airlines Locations: Chicago, Delta, Alaska, U.S, Europe, New, Dallas
Expensive fuel, maintenance, and labor don't help, nor do unpredictable setbacks outside the airline's control, like pandemic travel bans and production slowdowns at planemaker Boeing. But across the industry, many airlines are struggling to turn profits thanks to issues like overcapacity, unrelenting competition, and unexpectedly high costs, according to experts. Boeing delivery delays have eaten into profitsHarteveldt said Boeing's ongoing delivery delays have cost airlines like American, Southwest, and United millions of dollars. Airlines are plagued by high costs in an extremely competitive industryNearly everything is more expensive than it was before the pandemic, and airlines are no exception. For low-cost carriers like Frontier and Spirit, these high costs make it challenging to make money, Kraemer said.
Persons: , Henry Harteveldt, Scott Olson, Robert Isom, Bob Jordan, Harry Kraemer, Kraemer, You've, you've, Harteveldt, Joe Raedle, they've, Stephen Brashear, Eric Glenn, Shutterstock Harteveldt Organizations: Service, planemaker Boeing, Business, International Air Transport Association, , Airlines, Getty, Reuters, Southwest, Elliott Investment Management, Baxter International, Corporations, Google, Spirit, Frontier, Boeing, JetBlue Airways, Airbus, Bureau of Labor Statistics Locations: Delta, United
Mario Tama | Getty ImagesSummer air travel is expected to soar in the United States. Last summer, a record-breaking summer for airports, there were air traffic jams and near collisions amid challenges in flight coordination. Based on air traffic patterns and airport density, New York City and Florida are subject to the highest risk of backups. "There is still a shortage of air traffic controllers, but it hasn't led to the worst outcomes that we were expecting when we were talking about the shortage of air traffic control workers even a year ago." With production delays, airlines pay billions to fly less fuel-efficient and more costly and aged jets.
Persons: DAL AAL, Mario Tama, , Ed Bastian, CNBC's, Robert Isom, Guy, Clint Henderson, Henderson, They've, hasn't Organizations: Los Angeles International Airport, Getty, Transportation Security Administration, TSA, Boeing, weren't, Delta Air, American, Federal Aviation Administration, Atmospheric Administration, Midwest, Goods, United Airlines, American Airlines, ATC, Independence, Customs, Flyers, FAA, Airbus, Labor, Southwest Airlines Locations: Los Angeles , California, United States, East Coast, U.S, New York City, Florida
In his new film, “Kinds of Kindness,” though, Yorgos Lanthimos goes further. Jesse Plemons is Robert in Yorgos Lanthimos’ new film, “Kinds of Kindness." Workplace harassment is a pervasive problem in a huge range of professions, from farm work to domestic labor to Hollywood itself. Remote work saves companies money by reducing rent and relocation costs, and because workers who work from home are more satisfied with fewer pay raises. People in “Kinds of Kindness” are pushed to mistake domination for kindness.
Persons: Noah Berlatsky, Yorgos Lanthimos, Lanthimos, Noah Berlatsky Noah Berlatsky, Emma Stone, Jesse Plemons, Willem Dafoe, Margaret Qualley, Hong Chau, Joe Alwyn, Mamoudou Athie, Hunter Schafer, Robert, Plemons, Raymond, Dafoe, , Chau, balk, Raymond’s largesse, don’t, Yorgos, Atsushi Nishijima, MeToo, Harvey Weinstein, Jamie Dimon, Raymond isn’t, Raymond kisses Robert, Emily, Stone, Omi, she’s, Donald Trump’s, Steve Wozniak, Musk, Steve Jobs, Trump, Roberts Organizations: CNN, Searchlight, Hollywood, JPMorgan, Elon, Apple Locations: Chicago, Hong, Hollywood
Almost half, 44%, of workers report feeling burned out, according to a 2024 survey by the Society for Human Resource Management. One way to keep your job from draining you is to set boundaries around who you interact with and what tasks you take on. Here are three phrases that can help you set healthy boundaries at work and come off as a team player. You can say: "Yes and I just need to get to these other tasks. If you are on a deadline or have an overwhelming amount of work to do, these meetings can be extra frustrating.
Persons: Brandon Smith, I've, Robert I, Sutton Organizations: Society for Human Resource Management, CNBC, Stanford University
Land Art in Malibu Gets a Second Chance
  + stars: | 2024-06-19 | by ( Jori Finkel | ) www.nytimes.com   time to read: +1 min
Lita Albuquerque made a strange sort of painting in 1978 that changed her course as an artist. An abstract painter at the time, she had felt the urge to get out of her studio and work directly on the land where she lived, an artist’s colony on the bluffs of Malibu. She dug a narrow, shallow, 41-foot-long trench in the ground, running perpendicular to the Pacific Ocean, and poured powdered ultramarine pigment into it. She called it “Malibu Line” and it was the first of her many earthworks exploring the body’s relationship to land and cosmos, using bold pigments on natural materials like rocks and sand. Albuquerque, though, had a light touch, and the original “Malibu Line” disappeared within two years, overgrown by grass and wildflowers.
Persons: Lita Albuquerque, Robert Irwin —, Michael Heizer, Robert Smithson, Locations: Malibu, Albuquerque
The actor Ian McKellen was hospitalized but expected to recover quickly after falling off the stage during a performance of “Player Kings” at a theater in the West End in London on Monday night, the producers of the play said. After a scan, doctors at Britain’s National Health Service said that McKellen would “make a speedy and full recovery, and Ian is in good spirits,” according to a statement by the producers. McKellen, 85, who has been nominated for two Academy Awards and has won a Tony, a Golden Globe and multiple Olivier Awards, is starring in the play, an adaptation of William Shakespeare’s two “Henry IV” plays, directed by Robert Icke. McKellen plays John Falstaff, a fictional character who appears in three Shakespeare plays. The fall took place during a battle scene, according to Aleks Phillips, a BBC journalist who was in the audience on Monday night and described what he saw in an article.
Persons: Ian McKellen, McKellen, , Ian, Tony, Olivier, William Shakespeare’s, Henry IV ”, Robert Icke, John Falstaff, Shakespeare, Aleks Phillips Organizations: , National Health Service, Globe, BBC Locations: London
American Airlines CEO Robert Isom offered flight attendants immediate 17% wage increases on Wednesday as contract talks continue without a deal, bringing the prospect of a strike closer. The airline and the Association of Professional Flight Attendants have struggled to reach a new contract agreement, differing on major issues, such as pay. Flight attendants haven't received contract raises since before the pandemic. "This means we've offered increased pay for all flight attendants and are not asking your union for anything in return. U.S. airline pilots largely locked in new labor deals last year, while flight attendants at American, United Airlines and Alaska Airlines are still negotiating.
Persons: Robert Isom, haven't, Isom, Julie Hedrick Organizations: American, Association of Professional, Spirit Airlines, U.S, United Airlines, Alaska Airlines, National Mediation
Scammers are using deepfake celebrity videos to steal from fans. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementScammers in Australia are using deepfake photos and videos of celebrities to steal from people in increasingly creative ways. Australians have lost up to $8 million to scammers using online investment platform scams this year, according to the Australian Competition and Consumer Commission. The scammers use fake news articles and deepfake videos to trick people into believing that a celebrity is asking them for a large sum of money.
Persons: Robert Irwin, Organizations: Service, Australian Competition, Consumer Commission, Business Locations: Australia
CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China
CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota
American Airlines planes sit at the gate at Los Angeles International Airport (LAX) in Los Angeles, California, on July 26, 2023. Isom said American is weighing changes to a plan Raja led to drive direct bookings at the airline in lieu of third-party sites and travel agencies, a strategy that included gutting the airline's sales department. The changes angered some travel agencies who weren't able to access some of the carrier's fares as before, making it harder for some agencies to sell tickets on American flights. Raja said last month that the airline's corporate booking growth was coming in behind big rivals Delta and United . American in February said it would limit some travel agency bookings from being eligible to earn AAdvantage frequent flyer miles.
Persons: Robert Isom, Vasu Raja, Isom, Raja, We've, We're Organizations: Airlines, Los Angeles International Airport, American Airlines, Delta Locations: Los Angeles , California
American Airlines slashed its revenue and margin outlook for Q2 2024 on Tuesday. American's CEO said part of its struggles is due to recent changes in ticket sales strategy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking at an event on Wednesday, CEO Robert Isom said the lower earnings guidance can be attributed to a weaker-than-expected marketplace and the airline's weaker-than-expected performance. A key factor behind lower bookings is the airline's recent changes to ticket sales strategy, Isom said.
Persons: Vasu Raja, American's, , Robert Isom, Isom Organizations: Airlines, Service, Business
Konya: Turkey’s ancient city of whirling dervishes
  + stars: | 2024-05-22 | by ( Robert Iddiols | ) edition.cnn.com   time to read: +7 min
Konya, Turkey CNN —When most people think of Turkey bucket list destinations, a few obvious ones spring to mind - Istanbul, Turquoise Coast hotspots like Bodrum or the otherworldly landscapes of Cappadocia. As well as being a renowned Islamic scholar, Rumi launched the Mevlevi Order of the Whirling Dervishes. And while they can be seen in various locations across Turkey, Konya is the beating heart of their activities. Abdullah Çetín, a photographer based in Konya, says the city and region’s history is also what puts it on the map. Murat Oner Tas/Anadolu Agency/Getty ImagesKonya is also a jumping off point for Lake Tuz, a large hypersaline lake that lies about two hours’ drive northeast of the city.
Persons: , it’s, Celaleddin Rumi, Rumi, Maulana, , Kerem Polat, Adem Altan, Polat, , ” Polat, Abdullah Çetín, Çetín, Murat Oner Tas, Fahri Tunç, Tunç, , , ” Tunç, he’s Organizations: CNN, Turkey CNN, Getty, , Mevlana Museum, Anadolu Agency Locations: Konya, Turkey, Istanbul, Turquoise, – Konya, Adem, AFP, Sultanate of Rum, Balkh, Afghanistan, Mecca, Medina, Anatolia, mycan, Sille, Gevale, Rumi, Konya “, Lake Tuz, Salt, Tuz
In the new Yorgos Lanthimos film “Kinds of Kindness,” a character played by Emma Stone recounts a dream in which she was the denizen of a bizarre world. “There, dogs were in charge,” she murmurs. “People were animals, animals were people.” But being brought to heel by their canine masters wasn’t as bad as it sounds, she says: “I must admit, they treated us pretty well.”Compared with how the human beings treat each other in “Kinds of Kindness,” a dark new comedy that just premiered at the Cannes Film Festival and is in theaters June 21, the dogs would surely be an improvement. Comprised of three separate stories with the cast members recurring in different roles, “Kinds of Kindness” begins with the tale of Robert (Jesse Plemons), a corporate underling whose every interaction in life — including what to eat, how to speak or even who to marry — is controlled by a boss (Willem Dafoe) whose decisions send poor Robert into a tailspin. The second story follows Daniel (Plemons again), who becomes convinced that his wife (Stone) is not who she claims to be and coaxes her into insane tasks to prove herself.
Persons: , Emma Stone, , Robert, Jesse Plemons, , Willem Dafoe, Daniel, Plemons Organizations: , Cannes Film
An employment verification letter American Airlines gives to some newly hired flight attendants documenting their salary has been circulating on Reddit, drawing attention to their low wages. The union says that flight attendants’ low salaries compared to top airline executives is a prime example of “corporate greed.”New flight attendants at American Airlines start at $27,000 per year. Robert Isom, the CEO of American Airlines, earned $31.4 million last year — 1,162 times more than a new attendant. American Airlines flight attendants have not gotten a raise since 2019, and the union is escalating its push for a new contract to raise wages. Flight attendants for United Airlines, Alaska Airlines and other carriers are also pushing for new contracts to raise wages.
Persons: haven’t, , , Robert Isom, Paul Hartshorn, APFA, Joe Biden, ” Hartshorn, Organizations: New, New York CNN, American Airlines, Association of Professional, Nutrition Assistance, SNAP, CNN, United Airlines, Alaska Airlines, Bureau of Labor Statistics, Railway Labor, Board, Airlines, “ Management, Southwest Airlines Locations: New York, Massachusetts
Galitzine's sexuality-spanning filmography is unique in that it's been pretty evenly split between gay and straight roles. Galitzine's focus on multi-dimensional characters makes him the heartthrob Gen Z wants and needsNicholas Galitzine as George Villiers in "Mary & George." StarzIt's remarkable that Galitzine has effectively built his career playing a number of commercial gay roles when it used to be true that "playing gay" could destroy an actor's career. On the flip side, there's a certain amount of discomfort with Galitzine, who has said he identifies as straight, playing queer roles. But it's clear he'll still keep playing roles across the spectrum of sexuality.
Persons: , Nicholas Galitzine, Galitzine's, I'm, Galitzine's bashfulness —, who'd, Luke Perry, Prince Robert, Camila Cabello, Anne Hathaway, Mary, George, Anne Hathaway's, Galitzine, Hayes Campbell, Hayes, Hathaway's Solène, Hathaway, Solène she's, Michael Showalter, Nick, Showalter, Cathy Schulman, He's, Chalamet, Jacob Elordi, Alex, Henry, Jonathan Prime Hayes, George Villiers, King James I's, it's, Armie, he's, Gen, Z Organizations: Service, SXSW, Business, Starz, Gay Locations: Austin, Hollywood, Galitzine, British
Southwest Airlines and American Airlines posted losses in the first quarter of 2024. On Thursday, Southwest Airlines and American Airlines reported losses in their quarterly earnings call. Southwest Airlines CEO Bob Jordan told CNBC the decision to cease flights had "nothing to do" with Boeing's aircraft delivery delays. AdvertisementRepresentatives for Southwest Airlines and American Airlines didn't immediately respond to a request for comment from BI sent outside regular business hours. "Near term, yes, we are in a tough moment," Boeing CEO Dave Calhoun said in a letter to employees on the same day.
Persons: It's, Bob Jordan, , George Bush, Jordan, Robert Isom, I've, Isom, Isom's, Brian West, Dave Calhoun Organizations: Boeing, Airlines, Southwest Airlines, American Airlines, Southwest, Service, , — Bellingham International, Cozumel International Airport, George, George Bush Intercontinental Airport, Syracuse Hancock International, CNBC, American, Bank of America Global Industrials Conference . West, BI, Max, Wednesday Locations: — Bellingham, Cozumel, Southwest, Oregon, California
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAmerican Airlines CEO Robert Isom on Q1 miss, Boeing's delivery delays and new airline refund rulesCNBC’s Phil LeBeau and American Airlines CEO Robert Isom join 'Squawk Box' to discuss the company's quarterly earnings results, impact of Boeing's delivery delays, impact of Biden administration's new passenger refund rules, and more.
Persons: Robert Isom, Phil LeBeau, Biden Organizations: American, American Airlines
American Airlines swung to a loss in the first quarter, but its forecast for the current period surpassed analysts' estimates, sending shares roughly 5% higher Thursday. American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year. American said it expects second-quarter capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year. Similar to Southwest , United and Alaska , American is affected by Boeing's latest quality control and safety crises. Adjusting for one-time items, including costs associated with new labor contracts, American lost $226 million, or 34 cents per share.
Persons: LSEG, Robert Isom, Isom, Boeing hasn't, , Phil LeBeau Organizations: Boeing, American Airlines, JFK International, CNBC, Revenue Locations: Austin , Texas, New York, Manhattan, Southwest, United, Alaska, American
“The recent news from Boeing regarding further aircraft delivery delays presents significant challenges for both 2024 and 2025,” said Southwest CEO Bob Jordan in the company’s first-quarter financial results statement. That incident prompted a three-week grounding of the Max 9, and will delay the certification of two new models of the plane, the 737 Max 7 and 737 Max 10, until at least next year. The cutbacks are the latest sign of the widening impact of the ongoing problems at Boeing throughout the air travel system. It announced Thursday that it has trimmed its order book to 19 of those jets, shifting to 737 Max 8 jets instead. Unlike all-Boeing Southwest, American’s fleet of mainline aircraft is split fairly evenly between those from Boeing and those from its rival Airbus.
Persons: Houston’s George, , Bob Jordan, replanning, Max, Robert Isom Organizations: New, New York CNN, Southwest Airlines, Boeing, Bellingham International Airport, Cozumel International, Syracuse Hancock International, Houston’s George Bush Intercontinental Airport, Alaska Airlines, American Airlines, Airbus, American Locations: New York, Bellingham, Washington state, Cozumel, Mexico, Syracuse, Southwest
My mother-in-law said one of the names we liked had been overused, but we went ahead anyway. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . They were called William Senior, William Junior, and William III. My husband and I have been criticized for the "boring" manner in which we've named our kids after relatives — many of whom are deceased. Related storiesMeanwhile, our son, Robert, 13, shares the name of his late, charismatic paternal great-grandfather, late paternal grandfather, and eldest uncle.
Persons: , William Senior, William Junior, William III, I'm, It's, we've, Daisy Grace, Robert, Ridley, granddad, Daisy, I've Organizations: Service Locations: Arnhem
Read previewA TikTok creator who makes life and career advice content gave her top tip for job interviews in a recent video. "Pretty privilege" is a real thing in job interviews. We don't live in an ideal worldMcGoff told BI that in her video, she didn't mean that people should "look sexy" in a job interview. Women shouldn't be expected to wear makeup to a job interview, for example. McGoff said overall, it's just a good idea to advocate for yourself when walking into a job interview, and making an effort in the way that suits you.
Persons: , Erin McGoff, McGoff, Robert I, shouldn't, Christian Lovell, Sebastian Morgan, it's Organizations: Service, Business, University of Buffalo
The production offers a compressed version of the royal accession story that, in this version, runs nearly four hours. It is an opportunity to experience Ian McKellen’s unbridled love of performance. “Player Kings” — which runs at the Noël Coward Theater through June 22, before touring England — is the latest in a wave of recent high-profile Shakespeare productions in London. Uniquely among the other great British theater actors of his generation, McKellen still returns year after year to the stage, recently tackling Lear for a second time and playing an octogenarian Hamlet. In the “sweet creature of bombast” that is this play’s John Falstaff, McKellen has an especially juicy assignment — an outsized character whose appetite for life matches the actor’s own gusto.
Persons: Robert Icke, Shakespeare’s “ Henry IV, Ian, Coward, McKellen, Lear, John Falstaff, We’re, hasn’t Organizations: “ Player, , Coward Theater, England — Locations: London, British
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