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"Our research infers that fliers are doing more research to understand and potentially avoid Boeing aircrafts," she said. "First of all, there are more discount carriers operating Airbus (A320s) than Boeing (737s) particularly in Asia," he said. watch nowThe study is a historical analysis of commercial flight safety, which does not predict how Boeing's issues may play out in the future. But Barnett indicated he's confident about the future of commercial aviation. Why avoiding Boeing is difficultThough competition among airlines is fierce, aircraft manufacturing has long been dominated by the United States' century-old Boeing company and its European competitor, Airbus.
Persons: Danielle Harvey, Brendan Sobie, Arnold Barnett, Barnett Organizations: Boeing, Alaska Airlines, Sobie Aviation, Massachusetts Institute of Technology, of Air Transport Management, MIT, U.S . Federal Aviation Agency, National Transportation Safety Board, European Union, New Zealand, United Arab Emirates, CNBC Travel, Airbus, Airlines, Max Locations: Asia, United States, Europe, Australia, Canada, China, Israel, Japan, New, Bahrain, Bosnia, Brazil, Brunei, Chile, Hong Kong, India, Jordan, Kuwait, Malaysia, Mexico, Philippines, Qatar, Singapore, South Africa, South Korea, Taiwan, Thailand, Turkey, Alaska
Jessica Gow | Afp | Getty ImagesRussia's ongoing war in Ukraine has resulted in a profound shift in the way defense stocks are viewed by mission-driven fund managers, according to two European defense giants. Defense stocks have typically been excluded from portfolios based on environmental, social and governance (ESG) factors due to ethical concerns over their association with warfare. Nonetheless, the inclusion of defense stocks in sustainably-minded portfolios remains controversial. It's really important that we see the role that defense companies play in protecting a free society. It's really important that we see the role that defense companies play in protecting a free society," he said.
Persons: Micael Johansson, Jessica Gow, Johansson, CNBC's Silvia Amaro, It's, Brad Greve, BAE Systems Johansson, hasn't, Ida Kassa Johannesen, Johannesen, Justin Tallis, Saab's Johansson, ESG, John Keeble, Greve Organizations: Saab, Afp, Getty, BAE Systems, Ukraine —, Saxo Bank, CNBC, Democratic, U.S, Republican, Democrats, Malloy Aeronautics, British Aerospace BAE Systems, Farnborough, Exhibition, Conference Centre Locations: Stockholm, Ukraine, Africa, Democratic Republic, Congo, Palestine, London, Farnborough, England
Where are low-cost airlines cutting back now? New planes
  + stars: | 2024-08-30 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +5 min
In this article SAVEULCCJBLU Follow your favorite stocks CREATE FREE ACCOUNTJetBlue Airways, Spirit Airlines and United Airlines airplanes proceed to gates after landing at Newark Liberty International Airport in Newark, New Jersey on May 30, 2024. Airlines flooded the U.S. with flights this year, driving down fares particularly in the domestic market, where low-cost carriers concentrate, and weighing on carriers' revenue while costs have gone up. Spirit Airlines , JetBlue Airways and Frontier Airlines last posted annual profits in 2019, while larger carriers have returned to profitability. Now, some of those same airlines are dialing back their growth plans and deferring deliveries of new aircraft. Some airlines, like Frontier, have been active in sale-leasebacks, in which they sell planes to generate cash and lease them back.
Persons: Gary Hershorn, Cash, Barry Biffle, Biffle, Joanna Geraghty, , AerCap, Gus Kelly, Eddy Pieniazek, Pieniazek, Alwyn Scott Organizations: JetBlue Airways, Spirit Airlines, United Airlines, Newark Liberty International Airport, Corbis, Getty Images Airlines, Frontier Airlines, roundtrip U.S, Airbus, New York, Pratt & Whitney, JetBlue, Airlines, Aircraft, Boeing, Max, Air Lease Locations: Newark , New Jersey, U.S, Mobile , Alabama
British Airways is upgrading its short-haul cabins as part of a huge investment. I flew on one of the older A320s, then toured a brand-new A320neo at the Farnborough Airshow. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.
Persons: Organizations: British, Farnborough, Service, British Airways, Business
A man was arrested after opening a plane's emergency exit upon arrival in Melbourne. A video shared by Australian media shows the man walking on the plane's wing. Go to newsletter preferences Thanks for signing up! AdvertisementA man was arrested after climbing out of a plane's emergency exit on Thursday, airline Jetstar confirmed to Australian media. "We can confirm that a passenger opened the emergency exit door after arrival into Melbourne, which automatically deployed the slide," Jetstar said in a statement to Sky News.
Persons: Organizations: Jetstar Airbus, Australian, Service, Jetstar, Airbus, Sky News, Business Locations: Melbourne, Sydney
Russia has increasingly fired glide bombs at Ukrainian territory in its invasion of the country. AdvertisementBut Russia has not been using the bombs at the same scale against Ukrainian forces that crossed the border into Russia earlier this month. Russia used 750 glide bombs on Ukrainian cities and villages last week alone, according to Ukrainian President Volodymyr Zelenskyy Sunday. It's also fewer than the 50 glide bombs Russia has reportedly been firing daily into Ukraine's Sumy region, which neighbors Kursk. But these were relatively isolated incidents rather than something that was happening as a result of a new strategy, such as using glide bombs in Kursk.
Persons: , Mark Cancian, Russia hasn't, that's, Cancian, REUTERS Cancian, Volodymyr Zelenskyy, It's, Scott Peterson, Rajan Menon, Columbia University's, George Barros, Barros, Zelenskyy, it's Organizations: Service, Ukrainian, Business, Russian Defense Ministry Press, Marine, Center for Strategic, International Studies, NATO, 95th Air Assault Brigade, REUTERS, Columbia, Columbia University's Saltzman Institute of War, Peace Studies, Russian Ministry of Defence, Russian Ministry of Defense Locations: Russia, Russian, Kursk, Ukrainian, Malaya Loknya, Russia's Kursk Region, Ukraine, Ukraine's Sumy, Petropavlivka
Three officials from different countries said the measured response comes as they are mindful of what happened after Maduro’s 2018 reelection. Then, the vote was quickly condemned as a sham and led to the most severe sanctions yet on the OPEC nation. In Washington, which under Republican President Donald Trump blocked Venezuela’s critical oil exports, there seems little appetite for more severe sanctions. The European Union last week said there was not enough evidence to support Maduro’s victory as announced by the CNE. Countries including China, Russia, Nicaragua and Cuba have recognized Maduro’s victory and offered him support.
Persons: Nicolás Maduro, Edmundo González, Jose Manuel Albares, Maduro’s, Donald Trump, Biden, Maria Corina Machado, Gonzalez, , Vedant Patel, Maduro, Elvis Amoroso, Kamala Harris, , , Machado Organizations: Electoral Council, Maduro, United Nations, EU, Republican, Democratic U.S, Venezuela’s, U.S ., . State Department, . Washington, U.S, U.S . Treasury Department, State Department, Reuters, American States, Electoral, International, European Union, CNE, NBC Locations: U.S, Brazil, Venezuela, Spanish, Spain, OPEC, Maduro, Washington, ., reneging, Elvis Amoroso ., Mexico, Colombia, Canada, Panama, China, Russia, Nicaragua, Cuba
The embattled aircraft maker reported it took in gross orders for 72 new planes in July, compared to the 59 reported by Airbus. And many were tied to the Farnborough Air Show in July, which is the site of many commercial jet sales. The July orders brought full-year gross orders to only 228 commercial jets. Subtracting canceled orders, Boeing had only 186 net orders in the first seven months of the year. Airbus has delivered 400 jets through the first seven months of this year.
Persons: doesn’t Organizations: New, New York CNN, Boeing, Airbus, Farnborough Air, Alaska Airlines, Federal Aviation Administration Locations: New York
SAO PAULO — Families of victims of an airliner crash in Brazil are gathering Sunday at a morgue and hotels in Sao Paulo as forensics experts work to identify the remains of the 62 people killed in the accident. Brazilian media said another four people were identified at the Sao Paulo morgue, which did not confirm the information. Metsul, one of Brazil’s most respected meteorological companies, said Friday there were reports of severe icing in Sao Paulo state around the time of the crash. Sao Paulo state government said 26 families have already attended the morgue for identification efforts, with more expected on Sunday. The ATR 72, which is built by a joint venture of Airbus in France and Italy’s Leonardo SpA.
Persons: Danilo Santos Romano, Humberto de Campos, e Silva, Voepass, Ratinho Júnior, Liz Ibba dos Santos, Luna, Tânia Azevedo, Tiago, , , Lito Sousa, ” Sousa, Marcelo Moura, Italy’s Leonardo Organizations: SAO PAULO —, Sao, Guarulhos, Airlines, ” Police, American Eagle, U.S . National Transportation Safety Board, U.S . Federal Aviation Administration, Associated Press, Airbus, Aviation Safety Network Locations: Brazil, Sao Paulo, Paulo, Vinhedo, Portuguese, Paraná, Venezuelan, Nepal, Guarulhos, Cascavel, Brasilia, France
The unprecedented assault began on Tuesday, when up to 1,000 troops entered the Kursk region, according to Russian reports. In Ukraine, the country continues to battle Russia on domestic fronts, including a deadly air attack early Sunday on Kyiv. Belarus, a staunch ally of Russia, has also sent more troops to its border with Ukraine and said Saturday that Ukrainian drones had violated its airspace. Top Russian general Valery Gerasimov boasted last week that Ukrainian troops had been stopped, but Russia is yet to report pushing Kyiv’s forces back across the border. APBut advances into Russia come at a time when Ukrainian forces continue to struggle on several longstanding conflict zones inside its own borders.
Persons: Volodymyr Zelenksyy, Igor Kutsak, HANDOUT, Zelenskyy, Vladimir Putin, Valery Gerasimov, Aleksei Smirnov, Vitaliy Klitschko, , Andriy Yermak Organizations: Kremlin, Moscow, Kyiv, Getty, Federal, Terrorism, Ukrainian, Air Locations: Russia’s, Kursk, Ukraine, Russia, AFP, Russian, Belarus, Kyiv, Korean, Pyongyang, Moscow
The Philippine military condemned “dangerous and provocative actions” when two Chinese aircraft dropped flares in the path of a Philippine aircraft during a routine patrol around the shoal on Thursday. The Chinese military’s Southern Theater Command countered that the Philippines had disrupted its training, accusing Manila of “illegally intruding” into its airspace. On Sunday, Marcos urged China to act responsibly both in the seas and in the skies. Beijing claims almost all of the South China Sea, a conduit for more than $3 trillion of annual shipborne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. China rejects a 2016 ruling by the Permanent Court of Arbitration in The Hague that Beijing’s expansive claims had no basis under international law.
Persons: Ferdinand Marcos Jr, Marcos, ” Marcos, Chester Cabalza, , Cabalza Organizations: Sunday, South China, Southern Theater Command, Presidential Communications Office, International Development, Security Cooperation Locations: South, Manila, Beijing, Scarborough, Philippines, Philippine, , China, South China, Vietnam, Indonesia, Malaysia, Brunei, The Hague
Russia moved extra tanks, artillery and rocket systems to its southern Kursk region and imposed anti-terrorism measures in border areas as it battled a shock incursion by Ukraine’s military. Ukrainian forces, meanwhile, posted a video purporting to show them in control of a town near the border, the first pictorial evidence of their cross-border advances. The acting governor of Kursk region, Alexei Smirnov, said drone debris had fallen on a power substation near Kurchatov, site of one of Russia’s largest nuclear power stations with four reactors. Russian President Vladimir Putin discussing the situation in the Kursk region on Friday. Kursk Region Governov Alexei Smirnov via AFP - Getty ImagesHe praised his army’s ability “to surprise”.
Persons: Alexei Smirnov, Anatoliy Zhdanov, Vladimir Putin, Aleksey Babushkin, Alexander Bortnikov, Staff Valery Gerasimov, , Ukraine ”, Volodymyr Zelenskiy, , Ben Barry, Zelenskiy, Gerasimov Organizations: Reuters, Getty, Atomic Energy Agency, Moscow’s, Terrorism, Staff, Armed Forces, Grad, Gazprom, Armed Forces of, , Ukrainian military’s, AFP, International Institute for Strategic Studies, Telegram, United States, Stinger Locations: Russia, Kursk, Ukrainian, Kurchatov, Sudzha, AFP, Russian, Vienna, Ukraine, Bryansk, Belgorod, Armed Forces of Ukraine, U.S,
While the news grabbed headlines, it was not the first time that Ukraine has reportedly targeted sites deep within Russia. AdvertisementUkraine does not currently have permission to use long-range guided weapons such as the ATACMS to hit such targets inside Russia. While striking targets so far from the frontline may be seen as Ukraine spreading itself rather thinly, such attacks have three key benefits, experts told BI. "Russia has already adapted its air defense posture following previous drone strikes and reportedly has stood up mobile counter-UAS [unmanned aircraft system] teams. Russia's S-400 is one of its most advanced air defense systems.
Persons: , Mark Cancian, Cancian, Justin Bronk, Moscow's pocketbook, John Hardie, Hardie, hasn't, Bronk Organizations: Service, Business, Ukraine's Security Service, International Security, Centre, Strategic, International Studies, Stringer, Anadolu Agency, Getty, Ukraine, Royal United Services Institute, Russia, Foundation for Defense of Democracies, Bloomberg, Reuters Locations: Ukraine, Russian, Murmansk, Russia, Astrakhan, Bashkortostan, Moscow
Aerospace veteran Robert “Kelly” Ortberg becomes Boeing’s new CEO on Thursday with a singular mission: restoring the reputation of a U.S. manufacturing icon. Boeing's new CEO, Robert "Kelly" Ortberg. Ortberg’s Day 1 activity is walking the floor of Boeing’s factory in Renton, Washington, where it builds its bestselling but problematic 737 Max. The airline’s CEO hinted at the big feat Ortberg has ahead of him. “We look forward to working with Kelly Ortberg in his efforts to return Boeing to its place as the leading American aerospace company,” CEO Bob Jordan said in a written statement.
Persons: Robert “ Kelly ” Ortberg, Robert " Kelly, Ortberg, , Rockwell Collins, Richard Aboulafia, ” Ortberg, Boeing’s, Butch Wilmore, Suni Williams, Ron Epstein, , isn’t, ” Jon Holden, Dave Calhoun, Calhoun, Dennis Muilenburg, Max, Chicago —, Kelly Ortberg, Bob Jordan, , Michael Sheetz Organizations: Boeing, AFP, Getty, Ortberg’s, National Transportation, Air Force One, NASA, SpaceX, International Space, Airbus, Bank of America, International Association of Machinists, Aerospace Workers, Arlington , Virginia —, , Southwest Airlines Locations: U.S, Renton , Washington, Portland , Oregon, , Washington state, Oregon, Arlington , Virginia, Chicago, Seattle, American
On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India. Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers. Asia-Pacific markets were mostly down in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India's rate decision. "Assuming that the price stability target will be achieved in the second half of fiscal 2025, the Bank should raise the policy interest rate to the level of the neutral interest rate toward that time," the summary read. Japanese technology investor SoftBank Group said in a statement on Wednesday that it would buy back up to 500 billion yen ($3.4 billion) of its shares as part of its efforts to boost shareholder returns.
Persons: Shinichi Uchida, Lasertec, Korea's Kospi Organizations: Reuters, The Reserve Bank of, Reserve Bank of India, Global, Bank of Japan, Dow Jones, Nasdaq, Nvidia, Nikkei, Bank, SoftBank, Semiconductor, Isuzu Motors, China's CSI, Cathay, Hong Kong's, Airbus Locations: The Reserve Bank of India, Asia, Japan, U.S, Pacific, Hong, Cathay Pacific
A Delta Airlines Airbus A319-114 aircraft taxis at Los Angeles International Airport after arriving from Las Vegas on May 5, 2024 in Los Angeles, California. Delta Air Lines on Thursday said last month's CrowdStrike outage and subsequent mass flight cancellations cost it some $550 million and reiterated that it is pursuing damages against the company as well as Microsoft . Delta struggled more than its competitors to recover from the July 19 outage, which took millions of Windows-based machines offline around the world. "Since the incident, our people have returned the operation to an industry-leading position that is consistent with the level of performance our customers expect from Delta." The U.S. Department of Transportation last month said it is investigating Delta's response to the outage and flight cancellations.
Persons: Ed Bastian, CrowdStrike Organizations: Delta Airlines Airbus, Los Angeles International Airport, Delta Air Lines, Microsoft, Delta, U.S . Department of Transportation Locations: Las Vegas, Los Angeles , California, Atlanta
Qatar Airways' new CEO told reporters in July that the airline is keeping its beloved A380s. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: , Akbar al Bakar, Badr Mohammed Al Meer Organizations: Qatar Airways, Boeing 777X, Service, Airbus, Farnborough, Business Locations: Qatar
Gautam Adani plans to hand over the company to his sons and nephews by the early 2030s. The Adani Group is a major player in multiple sectors in India, including infrastructure and energy. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Gautam Adani, 62 years old, announced his intention to retire at 70 from the Adani Group, Bloomberg reported on Monday.
Persons: Gautam Adani, Adani, Organizations: Service, Adani Group, Bloomberg, Adani, Business Locations: India
A new Maldives-based airline called Beond launched in 2023 with an all-business-class Airbus A319. I flew the airline, and while it faces hurdles, it has a great product that is cheaper than competitors. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The Maldives-based carrier launched in November and has one single plane flying to the nation's capital, Male, from cities like Zurich and Riyadh, Saudi Arabia.
Persons: , you've Organizations: Beond, Airbus, Service, Business Locations: Maldives, The Maldives, Zurich, Riyadh, Saudi Arabia
This came after the Israeli military said it had struck a “terrorist cell operating a drone” in southern Lebanon after “numerous projectiles” were fired at northern Israel. Rockets fired from southern Lebanon are intercepted by Israel's Iron Dome air defence system over the Upper Galilee region in northern Israel. The killing came a day after Shukr, a senior Hezbollah leader died in an Israel airstrike on Lebanon’s capital Beirut. Israel’s military said it struck a Hamas military compound embedded in the schools. It came after an Israeli airstrike hit a tent camp inside a hospital in central Gaza earlier in the day.
Persons: Joe Biden, Jordan, Jalaa Marey, Ismail Haniyeh, Fuad Shukr, Haniyeh, Masoud Pezeshkian, Israel “, ” Israel, Shukr, , Menahem Kahana, Burcu Ozcelik, Mahmoud Zayyat Organizations: NBC News, Rockets, Israel's, Getty, Iran’s Foreign Ministry, Israel, Pentagon, Navy, Royal United Services Institute, NBC, Diplomats, Health Locations: Israel, Gaza, United States, Australia, France, Canada, South Korea, Saudi Arabia, Japan, Turkey, Lebanon, Beirut, Galilee, AFP, Iran, Tehran, Golan, Shams, Iraq, Syria, Yemen, U.S, Britain, Haniyeh’s, London, Lebanese, Sidon, Gaza City
One police officer in the city was hit on the head with a chair and another kicked and knocked off his motorcycle. The police force responsible for the region has confirmed that two officers were taken to the hospital with injuries. Police officers face off with protesters during a far-right demonstration in Bristol, England. The latest demonstrations puncture any idea that Starmer’s center-left government has evaded an ascendant hard-right movement that continues to rise on the continent. Behind his majority, there remains an angry and active far-right undercurrent that continues to make itself heard.
Persons: Starmer, , Taylor Swift, Justin Tallis, Axel Rudakubana, Tommy Robinson —, , , Andrew Tate Organizations: Police, Getty, Tech Against Terrorism, Guardian, English Defence, BBC Radio, Labour Party Locations: Bristol, Southport, England, Europe, Welsh, Cardiff, Britain, Romania, Rotherham
A small fire in a wheelie bin was also visible while windows in the hotel were smashed. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. U.K. Prime Minister Keir Starmer has condemned the attack on a hotel housing asylum seekers, describing it as "far-right thuggery" as violence broke out in several towns and cities across the country. Police in the north of England town of Rotherham struggled to hold back a mob of far-right rioters who were seeking to break into a hotel housing asylum-seekers. Britain's new prime minister, Keir Starmer, has blamed the violence on "far-right hatred" and vowed to end the mayhem.
Persons: Keir Starmer, John Healey, George Robertson, Tiffany Lynch, Wales, Andrew Menary, Axel Rudakubana, Rudakubana, Stephen Yaxley, Lennon, Tommy Robinson, Elon Musk, Nigel Farage, , , Diana Johnson Organizations: British, Defence, Downing, Police, . Police, Police Federation of England, BBC, English Defense League, Merseyside Police, Twitter, Elon, Reform U.K Locations: London, England, Rotherham, Middlesborough, Belfast, Northern Ireland, Liverpool, Bristol, Southport, Wales, Rwandan, France
The first Boeing 737 Max to be converted to a business jet was on display at EBACE. Go to newsletter preferences Thanks for signing up! AdvertisementThe Boeing 737 Max doesn't have the best reputation. Yet while it is outsold by the Airbus A320neo, the 737 Max still remains popular with customers. This story is available exclusively to Business Insider subscribers.
Persons: Max, , Max doesn't Organizations: Boeing, Boeing Business Jets, Service, Alaska Airlines, Airbus, Business
Displaced people fleeing fighting in Lashio try to cross the flooded road to Taunggyi in Myanmar's northern Shan state on July 9, 2024. For Lashio to fall, “it basically eliminates the junta as an effective organized force from a huge part of the country,” Ruser said. The road on the way was badly damaged,” he said as he traveled to Taunggyi, the Shan state capital some nine hours south of Lashio. People queue for food at a monastery turned temporary shelter for internally displaced people in Lashio, Shan state on November 15, 2023. There were also reports in local media that the junta had ordered its staff to leave Lashio as fighting got closer.
Persons: Khin, ” Khin Swe, , , Lashio “, Zaw Min Tun, Lashio, Stringer, Nathan Ruser, ” Ruser, Swe, Khin Swe, , Arakan Army –, “ They’re, Miemie Winn Byrd, Daniel K, Inouye, ” Byrd, “ I’m, Min Aung, I’m, they’re Organizations: CNN, Northeastern Military Command, Myanmar National Democratic Alliance Army, Junta, Getty, Analysts, Australian Strategic Policy Institute, “ Artillery, Facebook, Rebels, Three Brotherhood Alliance, People’s Defence Force, National Liberation Army, Arakan Army, US Army, Pacific Center for Security, Brotherhood Alliance Locations: Myanmar, Lashio, Shan, Zaw, Taunggyi, AFP, Zin Ann, Hsipaw, Mandalay, Arakan, Inouye Asia
Its business class already has a good reputation, ranked 10th worldwide by Skytrax. However, Turkish Airlines faces steep competition. Other Middle Eastern airlines, like Qatar Airways and Emirates, have built strong reputations thanks partly because of their business-class offerings. This story is available exclusively to Business Insider subscribers. For the first time, its business class will feature privacy dividers and sliding doors in every suite.
Persons: Organizations: Service, Turkish Airlines, Farnborough, Skytrax, Qatar Airways, Emirates, Business, Airbus, Boeing
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