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☆ American Airlines raises bag fees, won't allow some travel agency bookings to earn miles
▼ + stars: | 2024-02-20 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines plane sits at the gate at Cancun International Airport on May 26, 2023. American Airlines has raised the price to check a bag for the first time in more than five years and said it would limit which travel agency bookings are eligible to earn frequent flyer miles. American Airlines last raised bag fees in September 2018 along with other major airlines. Frequent flyer members with elite status and some American Airlines credit card holders will still receive a complimentary checked bag. Customers who buy basic economy tickets will only earn frequent flyer miles if they book on American Airlines' website.

Persons: airfare Organizations: American Airlines, Cancun International Airport, U.S, Carriers Locations: Cancun, Canada, Caribbean, Mexico, Fort Worth , Texas

☆ The High Priestess of the Personal
▼ + stars: | 2024-02-20 | by ( Kate Dwyer | ) www.nytimes.com time to read: +1 min

Ms. Jamison, wearing an ethereal blue maxi dress, stood before a projector screen showing 19th-century spirit photography. “Being haunted can be a state of abundance,” she said. “Living in the ghost hotel is a state of abundance. Memories are raw material.”One does not check into a ghost hotel without taking inventory of its specters: “Who are you haunted by?” Ms. Jamison told her students to ask themselves. Ms. Jamison said she became acquainted with each of these while writing her new memoir, “Splinters,” which recounts the birth of her child and the end of her marriage.

Persons: ” Leslie Jamison, Jamison, Ms, Jamison’s, ”, Maggie Nelson, Roxane Gay, Eula Organizations: Columbia University

EY's Daco said the past few years have been marked by a mismatch in supply and demand when it comes to goods, services and even workers. Companies furloughed workers in the early pandemic and then struggled to fill jobs. David Silverman, a retail analyst at Fitch Ratings, said companies are "feeling a bit heavy as sales growth moderates and maybe even declines." Cost cuts at UPS, Hasbro and Levi all followed sales declines in the most recent fiscal quarter. "Part of companies' decision to lower their expense structure is in line with their views that 2024 may not be a fantastic year from a top-line-growth standpoint," Silverman said.

Persons: EY's Daco, David Silverman, Levi, Fitch, Silverman Organizations: Getty, Airlines, Cox Automotive, Fitch, UPS, Hasbro, Walmart, Target Locations: U.S

☆ Carl Icahn wins seats on JetBlue board after taking stake in airline
▼ + stars: | 2024-02-16 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

A JetBlue Airways plane prepares to take off from the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida. Carl Icahn won his push for seats on JetBlue Airways' board of directors, according to a statement from the airline Friday, days after disclosing a nearly 10% stake in the New York-based airline and that he was in talks for board representation there. The two new directors are Jesse Lynn, general counsel of Icahn Enterprises, and Steven Miller, a portfolio manager of Icahn Capital. The JetBlue investment isn't Icahn's first investment in the airline industry. Icahn said in disclosing his JetBlue stake that he believes the shares are undervalued.

Persons: Carl Icahn, Jesse Lynn, Steven Miller, Icahn, Joanna Geraghty, Geraghty, JetBlue hasn't Organizations: JetBlue Airways, Fort, Hollywood International Airport, Icahn Enterprises, Icahn, JetBlue, TWA, NYSE Arca, Spirit Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, New York

☆ Writer, Mother, Ex-Wife: Leslie Jamison Is a Self in ‘Splinters’
▼ + stars: | 2024-02-15 | by ( Charles Finch | ) www.nytimes.com time to read: +2 min

SPLINTERS: Another Kind of Love Story, by Leslie JamisonWe live in a golden age of autobiographical women’s writing. In its place has arisen a group of brilliant women, inclusive of trans women, with their own ideas for the form, among them Maggie Nelson, Eula Biss, Valeria Luiselli, Margo Jefferson, Alison Bechdel, Rachel Cusk, Carina Chocano — and Leslie Jamison. Jamison, now 40, is the author of a new memoir called “Splinters.” It tells the story of her divorce and first years as a single mother. “One piece of me said, It’s unbearable,” Jamison writes about being apart from her baby. When I said, Please don’t speak to me like that, he leaned closer to say, I can speak to you however I [expletive] want.” In another drop-off scene he spits at her.

Persons: Leslie Jamison, Roth, Styron, Maggie Nelson, Eula Biss, Valeria Luiselli, Margo Jefferson, Alison Bechdel, Rachel Cusk, Carina Chocano —, Jamison, Virginia Woolf, ” Jamison, ”, “ Organizations: Ford

☆ Pilots got their payday. Now flights attendants are pushing airlines for higher wages
▼ + stars: | 2024-02-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

CHICAGO, ILLINOIS - JANUARY 24: American Airlines workers picket at O'Hare International Airport on January 24, 2023 in Chicago, Illinois. The workers, mostly flight attendants with the Association of Professional Flight Attendants (APFA), were picketing to demand better working conditions as their contract negotiations continue. (Photo by Scott Olson/Getty Images)Airline pilots won pay raises worth billions of dollars in new labor deals last year. Flight attendants from United Airlines , American Airlines , Southwest Airlines , Alaska Airlines and others picketed Tuesday at dozens of airports around the U.S., demanding higher wages and a better quality of life. American and other carriers told CNBC they are optimistic that they will reach agreements with their flight attendants in the coming months.

Persons: Scott Olson, Sara Nelson Organizations: American Airlines, Association of Professional, United Airlines, Southwest Airlines, Alaska Airlines, Association of Flight, CWA, United, autoworkers, UPS, haven't, CNBC, Labor Locations: CHICAGO , ILLINOIS, Chicago , Illinois, United, U.S

☆ Boeing orders, deliveries dry up in January as plane-maker grapples with latest Max crisis
▼ + stars: | 2024-02-13 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. The company handed over 27 planes last month, its lowest tally since September, compared with 67 deliveries in December. It sold three Boeing 737 Max planes, but also logged three cancellations. The three gross orders come after a big December when Boeing sold 371 planes. Boeing's January deliveries included three Max planes to Chinese customers, the first in about four years.

Persons: Max, Dave Calhoun, Calhoun, Mike Whitaker, Whitaker Organizations: Boeing, Boeing Factory, Airbus, Alaska Airlines, National Transportation Safety, Federal Aviation Administration, FAA, CNBC Locations: Renton , Washington , U.S, Portland , Oregon, Renton , Washington, Renton

Airfare fell 6.4% in January from a year earlier, the Labor Department said in its monthly consumer price index report on Tuesday. January is typically a slower month for travel as customers take fewer trips following the New Year's holiday. The drop comes even though carriers are facing capacity constraints this year, in part because of an engine recall from Pratt & Whitney , congested airspace and delayed aircraft deliveries. In 2023, airlines had been forced to discount flights, particularly in off-peak periods, after the industry added capacity. ...Those operating environment challenges led directly to industry capacity plans, including our own, coming down 3 points on average as carriers adapted to the new operating environment," Kirby said.

Persons: Airfare, TD Cowen, Helane Becker, Hopper, Ed Bastian, haven't, Bastian, Max, Scott Kirby, Kirby Organizations: Labor Department, Pratt & Whitney, Airlines, Delta, Boeing, Max, Federal Aviation Administration, Company, United Airlines, International Air Transport Association, CNBC PRO Locations: Southwest, Alaska, United

☆ JetBlue resets with new CEO, industry veterans to run airline on time, and profitably
▼ + stars: | 2024-02-12 | by ( Leslie Josephs | ) www.cnbc.com time to read: +6 min

In this article JBLU Follow your favorite stocks CREATE FREE ACCOUNTA JetBlue Airways plane prepares to depart New York's LaGuardia Airport. Leslie Josephs | CNBCIn the 24 years since JetBlue Airways ' first flight, the New York-based airline has pushed the envelope for a carrier of its size. And, until a judge blocked the deal last month, it planned to buy budget airline Spirit Airlines for $3.8 billion. Last week, JetBlue said it has hired back the airline's former chief commercial officer, Marty St. George, 59, as president. A JetBlue Airways plane sits on the tarmac at the Fort Lauderdale-Hollywood International Airport on January 31, 2024 in Fort Lauderdale, Florida.

Persons: Leslie Josephs, it's, Joanna Geraghty, Robin Hayes, Carl Icahn, Geraghty, Chris Ratcliffe, we've, Marty St, George, Marty, Henry Harteveldt, George's, Warren Christie, JetBlue, We've, Brett Snyder, Snyder, Spirit, Joe Raedle Organizations: JetBlue Airways, New, LaGuardia, CNBC, JetBlue, Spirit Airlines, JetBlue Airways Corp, World Aviation, Bloomberg, Getty, Latam Airlines, United Airlines, US Airways, Atmosphere Research, Transport Workers Union Local, Street, NYSE, Department of Transportation, discounter Frontier Airlines, Fort, Hollywood International Airport Locations: New York, London, Paris, Amsterdam, Dublin, U.S, Delta, United, punctuality, Fort Lauderdale, Fort Lauderdale , Florida

☆ JetBlue shares jump 15% as activist Carl Icahn reports stake and calls shares undervalued
▼ + stars: | 2024-02-12 | by ( Sara Salinas | In Saracsalinas | ) www.cnbc.com time to read: +2 min

Activist investor Carl Icahn on Monday reported a nearly 10% stake in JetBlue Airways , saying the airline stock is undervalued. Shares of JetBlue spiked more than 15% in extended trading. Icahn amassed the stake in a series of purchases in January and February, according to regulatory filings. He has had plans to continue discussions with the company "regarding the possibility of board representation," the records said. JetBlue has been cutting costs and working to improve operations in an effort to return to profitability after a post-Covid travel surge and a blocked merger with budget carrier Spirit Airlines.

Persons: Carl Icahn, Icahn, Joanna Geraghty, —, John Melloy, Leslie Josephs Organizations: JetBlue Airways, JetBlue, Icahn, TWA, Spirit Airlines, NYSE Arca, CNBC PRO

☆ Spirit Airlines narrows loss to $184 million, says it's on the path back to profitability
▼ + stars: | 2024-02-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

Spirit Airlines ' fourth-quarter loss narrowed to nearly $184 million, but its CEO said the carrier is on a path back to profitability and that the domestic air travel market is improving. Spirit still expects to lose money in the first quarter, however, and said it expects revenue of between $1.25 billion and $1.28 billion, above analysts' forecasts. The carrier plans for 2024 capacity to be flat to up mid-single digits compared with last year, and up 1.5% in the first quarter, Spirit said. Spirit said it expects to have an average of 25 Airbus aircraft grounded this year because of the Pratt & Whitney engine issues. Spirit said expects to have 215 airplanes in its fleet by the end of the year.

Persons: Ted Christie, Spirit Organizations: Airlines, Pratt & Whitney, Airbus, JetBlue Airways, LSEG, Revenue, Company Locations: Miramar , Florida

☆ One of Wall Street's favorite ways to control workers is under attack
▼ + stars: | 2024-02-08 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +9 min

One of Wall Street's favorite employee leverage tactics — non-compete agreements — is facing a major threat, and there could be far-reaching implications for how the financial industry does business. But it's also clear that Wall Street firms are under particular attention for the practice. With major Wall Street firms already having among the most unpopular back-to-work policies in the market, "Wall Street is already in a position where they are recognizing they don't have all the hands they had before," Chamberlin said. Shore recommends Wall Street firms undertake a thorough competitive analysis at every level in every department to ensure they are market competitive. Even if the FTC rule goes through, Wall Street firms still have options to protect their business.

Persons: Charles Scharf, Wells, Brian Thomas Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Ronald O’Hanley, Robin Vince, BNY Mellon, David Solomon, Goldman Sachs, James Gorman, Morgan Stanley, General Mills, —, Wall, it's, Kathy Hochul, that's, Covid, Laurie Chamberlin, Chamberlin, Lina Khan's, Khan, It's, David Fisher, Gilbert, Fisher, Juan A, Crowell, Arteaga, Paul Webster, Matt Shore, Kareem Bakr, Webster, Leslie John, Ballard Spahr, John Organizations: Company, Bank of America, JPMorgan, Citigroup, BNY, Google, Apple, Pfizer, Exxon Mobil, General Electric, Procter, Gamble, Nike, Economic, Institute, Federal Trade Commission, North America, American College of Emergency Physicians, Davis, FTC, Supreme, Industry, Moring, Wall, Phaidon International, Wall Street Locations: Wells Fargo, Hart, Washington ,, New York, . California, U.S, Gilbert . Massachusetts, Oregon, Washington, Massachusetts

☆ Delta to open a new tier of 'premium' airport lounges this year in high-end travel push
▼ + stars: | 2024-02-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Delta Air Lines ' popular airport lounges are getting a more exclusive tier, in the airline's latest push to cater to high-spending travelers. The first "premium" lounge is scheduled to open in June at New York's John F. Kennedy International Airport, and at 38,000 square feet, it will be the largest of the carrier's lounges, Delta said on Thursday. Other high-end Delta lounges will open in Boston and Los Angeles later this year. The new strategy shows Delta moving away from a one-size-fits-all approach for its airport travelers. The airline is joining United Airlines , which operates Polaris lounges, and American Airlines ' which has Flagship lounges, along with standard airport clubs.

Persons: John F, Delta Organizations: Delta Air Lines, New, Kennedy International Airport, Sky Clubs, United Airlines, Polaris, American Airlines, Delta, New York's LaGuardia Locations: Boston, Los Angeles, Delta, JFK, Charlotte , North Carolina, Seattle, Miami

☆ Bolts appeared to be missing from Boeing 737 Max door plug that blew off midflight, NTSB says
▼ + stars: | 2024-02-06 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

The panel that blew out is used to plug an unused emergency exit. Bolts appeared to have been missing from a door plug that blew out midair on Boeing 737 Max 9 operated by Alaska Airlines last month, according to a new report from the National Transportation Safety Board. The accident prompted a grounding of the Max 9 by the Federal Aviation Administration for much of last month. "Over these last few weeks, I've had tough conversations with our customers, with our regulators, congressional leaders and more. The Jan. 5 accident occurred just as Boeing was trying to ramp up output.

Persons: John Lovell, Bolts, Dave Calhoun, Calhoun, I've Organizations: National Transportation Safety Board, Alaska Airlines, NTSB, Boeing, Max, Federal Aviation Administration, FAA Locations: Alaska, Portland , Oregon, U.S

☆ Boeing is set to report fourth-quarter results in the shadow of 737 Max 9 crisis
▼ + stars: | 2024-01-31 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Boeing on Wednesday is set to report fourth-quarter results and answer to investors eager to hear how a midair blowout on one of the plane maker's new 737 Max 9s could reverberate through the aviation industry in the months, if not years, ahead. The effect of that accident and subsequent fallout won't be felt in Wednesday's earnings results but will likely be mentioned in Boeing's outlook. Federal investigators are examining whether the door plug was improperly installed before the Max 9 plane was handed off to Alaska Airlines late last year. The Boeing 737 Max is the company's best-selling plane. The company had the first of several production stand-downs last week to discuss with workers manufacturing problems and other potential improvements to Boeing's processes.

Persons: Max, Dave Calhoun, Calhoun Organizations: Boeing, LSEG, Alaska Airlines, company's, Airbus, Federal Aviation Administration, Max, Capitol Locations: Alaska, Portland , Oregon

☆ JetBlue swings to a loss, forecasts lower capacity in 2024
▼ + stars: | 2024-01-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: 1 min

JetBlue planes at JFK's Terminal 5 in New York. JetBlue Airways swung to a loss in the fourth quarter and forecast lower capacity this year as it scrambles to return to profitability. The New York-based airline reported a net loss of $104 million in the last three months of 2023, compared with a $24 million profit a year earlier. On a per share basis, JetBlue lost 31 cents during the fourth quarter, compared with a 7-cent profit during the year-earlier period. JetBlue said it expects 2024 capacity to be down in the low single digits and that its adjusted margins could approach breakeven.

Organizations: JetBlue, JetBlue Airways Locations: New York

☆ Earnings playbook: Your guide to the busiest week of the reporting season
▼ + stars: | 2024-01-28 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

What history shows: GM beats earnings estimates 87% of the time, according to data from Bespoke Investment Group. Alphabet is set to report earnings after the close. What history shows: Alphabet averages a 1.45% gain after reporting earnings, Bespoke data shows. What history shows: Amazon exceeds earnings expectations 63% of the time, according to Bespoke. What history shows: Meta shares have risen in three of the last four earnings days, per Bespoke, including a 23.3% rally.

Persons: Bard chatbot, Gus Richard, David Palmer, Palmer, MSFT, Jordan Novet, bode, Leslie Josephs, Max, Alaska's, AAPL, AMZN, Mark Zuckerberg Organizations: Meta, Apple, ., Motors, CNBC, Tuesday, United Auto Workers, LSEG, Investment, AMD, Starbucks, Microsoft, Management, Wednesday Boeing, Alaska Airlines, FAA, Boeing, United Airlines, Web, Mizuho Securities, Nvidia Locations: Northland, China, Alaska

☆ Alaska Airlines says Boeing 737 Max 9 grounding will cost it $150 million
▼ + stars: | 2024-01-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Alaska Airlines said Thursday that the weekslong grounding of the Boeing 737 Max 9 will cost the carrier $150 million. Both Alaska and United Airlines , the two U.S. carriers that have the Max 9s in their fleets, said they found loose bolts on several Max 9 planes during preliminary inspections shortly after the accident. Alaska on Thursday forecast full-year adjusted earnings per share of between $3 and $5, including the hit from the Max grounding. Alaska and United CEOs have expressed frustration and anger with Boeing this week after the accident.

Persons: Max, Ben Minicucci Organizations: Alaska Airlines, Portland International Airport, Boeing, Federal Aviation Administration, United Airlines, LSEG, Company, United, NBC Locations: Portland , Oregon, Alaska, United, U.S

☆ Southwest Airlines takes Boeing Max 7 out of 2024 plans because of certification delays
▼ + stars: | 2024-01-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Southwest Airlines has taken the Boeing 737 Max 7 out of its fleet plans as regulators haven't yet certified the smallest model of the manufacturer's best-selling plane. Southwest became the latest of the major airlines this week to rethink its fleet plans because of certification delays at Boeing. Earlier this week, United Airlines said it was removing the the 737 Max 10, the largest model of the Max family, from its internal fleet plans after delays with certification. Scrutiny on Boeing has mounted in recent weeks after a door panel blew out midflight from a 737 Max 9 that was operated by Alaska Airlines on Jan. 5, prompting the FAA to ground that model. FAA Administrator Mike Whitaker told CNBC earlier this week that even before the Alaska Airlines incident, the agency had concluded it needed a more "hands-on approach" with the certification of the Max 7 and Max 10 aircraft.

Persons: Max, Mike Whitaker, Whitaker Organizations: Southwest Airlines, Boeing, Max, United Airlines, Alaska Airlines, FAA, CNBC Locations: Alaska

☆ FAA halts Boeing 737 Max production expansion, but clears path to return Max 9 to service
▼ + stars: | 2024-01-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. The Federal Aviation Administration on Wednesday halted Boeing 's planned expansion of its 737 Max aircraft production, but it cleared a path for the manufacturer's Max 9 to return to service nearly three weeks after a door plug blew out during an Alaska Airlines flight. "Let me be clear: This won't be back to business as usual for Boeing," said FAA Administrator Mike Whitaker in a statement Wednesday. The grounding forced United Airlines and Alaska Airlines, the two U.S. airlines with the planes, to cancel hundreds of flights. The FAA is investigating Boeing's production lines after the Alaska flight.

Persons: Max, Mike Whitaker, Boeing didn't, Whitaker Organizations: Alaska Airlines, Portland International, Federal Aviation Administration, Wednesday, Boeing, Max, FAA, Airlines, United Airlines, United, CNBC, CNBC PRO Locations: Portland, Portland , Oregon, Alaska, Boeing's

☆ FAA chief vows 'boots on the ground' at Boeing until quality control system is working
▼ + stars: | 2024-01-24 | by ( Leslie Josephs | ) www.cnbc.com time to read: +5 min

"Until we're comfortable that the [quality assurance] system is working properly ... we're going to have boots on the ground," he said. United, which has 79 Boeing 737 Max 9 planes in its fleet, more than any other carrier, said Monday it's assuming the planes will remain grounded through the end of January. He said United is taking the larger variant, the 737 Max 10, out of its fleet plans, because of lengthy delivery delays. Those accidents involved the 737 Max 8, a smaller variant of the same aircraft family. This photo released by the National Transportation Safety Board shows the door plug from Alaska Airlines Flight 1282 on Monday, Jan. 8, 2024, in Portland, Ore. National Transportation Safety Board via AP

Persons: Michael Whitaker, Drew Angerer, —, Mike Whitaker, Max, We've, Whitaker, It's, John Lovell, they've, Scott Kirby, Ben Minicucci, Stan Deal Organizations: Federal Aviation Administration, FAA, Commerce, Science, Capitol, Getty, Getty Images WASHINGTON, CNBC, Boeing, Alaska Airlines, United Airlines, National Transportation Safety Board, National Transportation, AP, Max, Airlines, NBC, Deal, Transportation Locations: Washington ,, Alaska, Portland , Oregon, Renton , Washington, Portland , Ore

Alaska Airlines N704AL, a 737 Max 9, which made an emergency landing at Portland International Airport on January 5 is parked at a maintenance hanger in Portland, Oregon on January 23, 2024. Boeing CEO Dave Calhoun met with several U.S. senators Wednesday on Capitol Hill as scrutiny on the company's leaders intensifies over a blown door plug on one of the company's 737 Max 9 planes. "I'm here today in the spirit of transparency ... [and to] answer all their questions, because they have a lot of them," Calhoun told reporters. Earlier Wednesday The Seattle Times reported that the fuselage panel that blew out during the Alaska Airlines flight, manufactured by Spirit AeroSystems , was removed for repair and then improperly reinstalled by Boeing's mechanics, not Spirit's. The stock is down more than 10% since the Jan. 5 Alaska Airlines incident.

Persons: Dave Calhoun, Calhoun, It's, Mike Whitaker, Sen, Dan Sullivan, Sullivan, Spirit AeroSystems, AeroSystems Organizations: Alaska Airlines, Portland International Airport, Boeing, Capitol, Federal Aviation Administration, FAA, CNBC, Republican, Aviation, The Seattle Times, Spirit, U.S . National Transportation, Seattle Times, NTSB Locations: Portland , Oregon, Alaska, Calhoun

☆ United CEO casts doubt on 737 Max 10 order after Boeing's recent problems
▼ + stars: | 2024-01-23 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

United Airlines is weighing fleet plans without the Boeing 737 Max 10 after a series of delays and most recently, the grounding of a smaller variant of the plane, the carrier's CEO said Tuesday. The Max 10 is the largest model of the plane and hasn't yet been certified by the Federal Aviation Administration. United has 79 of the 737 Max 9 aircraft in its fleet, more than any other carrier. "We're going to at least build a plan that doesn't have the Max 10 in it." Last week, Delta Air Lines CEO Ed Bastian told CNBC last week that he is confident moving forward with his airline's order of Boeing Max 10s.

Persons: Scott Kirby, Kirby, CNBC's, Max, Ed Bastian, Boeing Max, Boeing didn't Organizations: Airlines, Boeing, Max, Federal Aviation Administration, United, Alaska Airlines, FAA, Delta Air, CNBC

☆ United Airlines forecasts first-quarter loss due to Boeing 737 Max 9 grounding
▼ + stars: | 2024-01-22 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

United Airlines on Monday forecast a first-quarter loss due to the Federal Aviation Administration's grounding of Boeing 737 Max 9 planes this month after a part blew out during an Alaska Airlines flight operated with that type of aircraft. The more common Boeing 737 Max 8, which is in fleets at United, American and Southwest , isn't affected by the grounding order. "Despite unpredictable headwinds, we delivered on our ambitious EPS target that few thought possible — and set new operational records for our customers," said United Airlines CEO Scott Kirby in an earnings release. For the full-year 2024, United forecast adjusted earnings of between $9 and $11 a share, within analysts' estimates. ET on Tuesday when they are likely to face questions about compensation from Boeing for the grounding.

Persons: United, Scott Kirby Organizations: Airlines, Federal Aviation, Boeing, Max, Alaska Airlines, United, LSEG, United Airlines, CNBC PRO Locations: Alaska

☆ Earnings playbook: Your guide to the biggest reports this week, including Netflix and Tesla
▼ + stars: | 2024-01-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.

Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, —, Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe

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