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☆ Airbus delivers first extra-long-range Airbus A321 as smaller jets fly farther
▼ + stars: | 2024-10-30 | by ( Leslie Josephs | ) www.cnbc.com time to read: +1 min

An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023. Airbus said Wednesday that it has handed over its first extra-long-range narrow-body aircraft, the A321XLR, marking another step in an era of smaller and more fuel-efficient jets flying longer distances, and further expanding a delivery gap between Airbus and rival Boeing . The first aircraft was delivered to Spain's Iberia, which plans to debut it between Madrid and Boston next month. American Airlines and United Airlines have also ordered the 321XLRs. The plane maker has been working on getting the aircraft certified for five years.

Organizations: Airbus, Paris Air, Boeing, American Airlines and United Airlines, JetBlue Locations: Le Bourget, Paris, France, Iberia, Madrid, Boston, New York, Amsterdam

☆ White House 'in touch' with airlines as hurricanes Helene, Milton spark price-gouging fears
▼ + stars: | 2024-10-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Price gouging is the practice of retailers artificially inflating prices dramatically when the retailer's costs have not increased. In times of crisis, when urgent demand vastly outpaces supply, consumers can be especially vulnerable to price gouging. Florida is preparing for Hurricane Milton to make landfall on its western coast Wednesday, deepening the wounds left by the devastation of Hurricane Helene, which ravaged the southeastern U.S. about a week earlier. The attorney general's office has received more than 450 consumer contacts alleging price gouging related to Helene, which "mostly concern fuel," a spokesperson told CNBC. Though the price-gouging panic is normal during natural disasters, just the term "price gouging" has political implications, less than a month out from a presidential election that is extremely close.

Persons: Pete Buttigieg, Joe Biden, Hurricane Helene, Hurricane Milton, Milton, Helene, Kamala Harris, Harris, Howard Stern, — CNBC's Leslie Josephs Organizations: White, The Department of Transportation, Hurricane, CNBC, Transportation, —, Tampa International, Orlando International Airport, . American Airlines and United Airlines, Florida Attorney General's, Democratic Locations: Washington ,, Florida, Hurricane, U.S, Tampa, Milton

☆ Southwest Airlines Will End Its Longstanding Open-Seating Policy
▼ + stars: | 2024-07-25 | by ( Jenny Gross | ) www.nytimes.com time to read: +1 min

Southwest Airlines will start assigning seats to passengers, ending its longstanding policy of allowing passengers to pick their seats once they have boarded, the airline said on Thursday. The new procedure will be implemented to increase revenue and in response to feedback from customers, 80 percent of whom report preferring an assigned seat, Southwest said. “This is the right choice — at the right time — for our customers, our people and our shareholders,” said Bob Jordan, the president and chief executive of Southwest. The new policy was reported earlier by The Wall Street Journal. The changes bring Southwest, which for years has distinguished itself by offering low prices and a simple business approach, more in line with conventional airlines like American Airlines and United Airlines.

Persons: ”, Bob Jordan Organizations: Southwest Airlines, Southwest, Wall Street, American Airlines and United Airlines

☆ United and American Warn Pilots of Communication Issues Amid Grounding
▼ + stars: | 2024-07-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

Delta Air Lines, United Airlines, and American Airlines issued ground stops on Friday. United and American warned pilots that communication was intermittent. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMajor airlines have warned pilots they may be unable to communicate with ground services. American Airlines and United Airlines issued advisories to be relayed to the carriers' airborne flights early Friday morning.

Persons: — Organizations: Delta Air Lines, United Airlines, American Airlines, United, Service, American Airlines and United Airlines, Aircraft Communications, Business Locations: American

How to gain access to Delta Sky ClubsDelta Sky Club access is normally restricted to passengers traveling in business- or first-class seats on Delta and SkyTeam partners; certain travelers on qualifying flights who hold Delta elite status; or travelers who have purchased a Sky Club membership. Sky Club membership optionsThere's quantifiable monetary value to Delta Sky Club access — Sky Club memberships begin at $695 per year, but can be worth significantly more for frequent Delta travelers. Credit cards with Sky Club accessWith the right credit card, you can access Delta Sky Clubs for free on many flights. If you have the Delta SkyMiles® Reserve American Express Card or Delta SkyMiles® Reserve Business American Express Card, you can access Delta Sky Clubs if you're traveling on a Delta flight that same day. Conclusion: Enhancing your travel with Sky Club accessDelta Sky Club airport lounges can make your travels more comfortable and save you money on expensive airport food and drinks.

Persons: cardholders, we'll, MQD Headstart, stow, You'll, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, —, you've, Business Insider's Organizations: Delta Sky Club, Sky Club, Air Lines, American Airlines and United Airlines, Delta Air Lines, Sky, Delta Sky Clubs, Delta Sky Clubs Delta Sky, Delta, Delta Sky, Delta SkyMiles ®, American Express, SkyMiles, Express, Lufthansa, Austrian Airlines, American, ®, SkyMiles ®, U.S, Delta SkyMiles, Card, Express Card, Delta Reserve, American Express Card, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, TSA, Global, Saks Fifth, Fine Hotels, Resorts, Hulu, Amex, Dell, Adobe, Adobe Creative, Club, Sky Clubs, American Express Delta Sky Club, Business Locations: U.S, Delta, Caribbean, American, delta.com, Hulu, AmexTravel.com, The, Sky

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ Delta's most exclusive airport lounge opens. Here's what's inside
▼ + stars: | 2024-06-25 | by ( Leslie Josephs | ) www.cnbc.com time to read: +3 min

In this article DAL Follow your favorite stocks CREATE FREE ACCOUNTThe bar at the Delta One lounge at New York's John F. Kennedy International Airport. Leslie Josephs | CNBCDelta Air Lines' most exclusive airport lounge opens this week to travelers flying on the right ticket. Leslie Josephs | CNBCThe lounge, Delta's largest, is a step up from Delta's more accessible Sky Club lounges, with areas to relax. Amenities in bathroom and shower stall at Delta One lounge at John F. Kennedy International Airport. Bar at Delta One lounge at John F. Kennedy International Airport in New York.

Persons: John F, Leslie Josephs, Airport Leslie Josephs, Dwight James, Delta's, James Organizations: Delta, Kennedy International, CNBC Delta Air Lines, Kennedy, CNBC, CNBC Delta, American Airlines and United Airlines, Airport, Sky, JFK Locations: John, U.S, New, New York

Memorial Day weekend, the traditional launching pad of the summer travel season, is shaping up to set a scorching pace. United is expecting the biggest Memorial Day and summer travel season in the airline’s 98-year history, according to Andrew Nocella, United’s executive vice president and chief commercial officer. Air traffic controller shortageThe air traffic control tower at Los Angeles International Airport is a busy place. The United States is still short thousands of air traffic control personnel. Markus Mainka/imageBROKER/ShutterstockDespite a surge in hiring last year, air traffic control stations nationwide are still about 3,000 controllers short, according to new FAA numbers.

Persons: it’s, Andrew Nocella, Markus Mainka, Scott Keyes, ”, ” Keyes, Tayfun, Bob Thomas, haven’t, Elijah Nouvelage, Keyes, “, Antonio Masiello, he’s, Angela Fritz Organizations: CNN, Federal Aviation Administration, Transportation Security Administration, TSA, American Airlines and United Airlines, Airlines for America, Airlines, America, Air, Los Angeles International, FAA, CNN Travel, San Francisco International, Anadolu Agency, Embry ‑ Riddle Aeronautical University, Aircraft, Travelers, Hartsfield, Jackson Atlanta International Airport, Getty Locations: United States, New York City, Florida, New York, Miami, Chicago, Atlantic, AFP, Rome, Europe, Mexico, Australia, Paris, Iceland, Dublin, CNN’s

(AP) — Travis Kelce is happy to have Taylor Swift on the Kansas City Chiefs bandwagon heading to the Super Bowl. Thanks for joining the team.”Whether Swift makes it to the Super Bowl against the 49ers on Feb. 11 in Las Vegas remains to be seen. Kelce and Swift have tried to keep their relationship out of the spotlight, though it has become increasingly difficult. Chiefs coach Andy Reid said last week that he appreciates the way Kelce has focused on his job amid everything else. “I haven’t really seen it affect him in any way," Reid said.

Persons: — Travis Kelce, Taylor Swift, Jason Kelce, Swift, ” Jason Kelce, Travis, Taylor, — Swift, That's, Brittany Mahomes, Patrick Mahomes, Kelce, Andy Reid, Reid, That’s, ” Kelce, Jerry Rice, Rice, Chiefs —, she's, ” Reid, Trav, ‘, She's, ” Organizations: KANSAS CITY, Kansas City Chiefs, Super, Chiefs, Eagles, 49ers, American Airlines and United Airlines, Kansas, Associated Press, NFL, CBS, Baltimore, AFC, Jets, Steelers, Ravens, Miami, Delaware Locations: KANSAS, Mo, Chiefs Kingdom, Tay, Las Vegas, Tokyo, Kansas City, San Francisco, Philadelphia, Buffalo

☆ Stocks making the biggest moves midday: Deere, Nvidia, Autodesk, Nordstrom and more
▼ + stars: | 2023-11-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Deere , Caterpillar — Deere shares dropped nearly 4% after the agricultural equipment maker issued disappointing guidance for fiscal 2024. Deere said it expects net income between $7.75 billion and $8.25 billion, short of the $9.31 billion expected from analysts polled by StreetAccount. Autodesk — Autodesk fell more than 5% a day after the software company issued lower-than-expected fiscal fourth-quarter earnings guidance. The company now expects earnings per share of between $1.91 and $1.97, below estimates of $2.01 per share, according to LSEG. Nvidia posted adjusted earnings of $4.02 per share on $18.12 billion in revenue, while analysts polled by LSEG expected earnings of $3.37 per share and $16.18 billion in revenue.

Persons: Deere, StreetAccount, Piper Sandler, LSEG, — CNBC's Michelle Fox, Alex Harring, Jesse Pound, Darla Mercado Organizations: JPMorgan, Capybara, Deere, Caterpillar — Deere, Caterpillar, Nordstrom, LSEG, HP —, HP, Autodesk — Autodesk, Autodesk, Nvidia —, Nvidia, Airlines, West Texas Intermediate, American Airlines and United Airlines, Norwegian Cruise Line Locations: LSEG, China

☆ Morgan Stanley says consumers looking for 30% discounts on holiday shopping before buying, sell retail stocks
▼ + stars: | 2023-11-09 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Morgan Stanley highlighted several companies that are prepared to withstand — and even benefit from —consumers' shifting preferences this holiday season, as inflationary pressures dampen shoppers' budgets this quarter. According to Morgan Stanley's proprietary monthly survey, most holiday shoppers are looking to see 30% discounts, on average, before they begin spending this holiday season. A strong holiday season should benefit the entire airline industry given the ongoing demand for air travel among consumers across income brackets, according to Morgan Stanley. "Durable goods spending has slowed and that is expected to continue into the holiday season," Wilson said in the note. Toys could emerge as "relative winner" this season as they become a more top-of-mind purchase for parents during the holiday season, analyst Megan Alexander wrote.

Persons: Morgan Stanley, Michael Wilson, Morgan, They're, Ravi Shanker, Wilson, Amazon's, Brian Nowak, Lauren Schenk, Chewy, Morgan Stanley's, Alex Straton, Megan Alexander Organizations: Consumers, Delta Airlines, American Airlines and United Airlines, Southwest Airlines, Alaska Air Group, Apparel, Urban Outfitters, Abercrombie, Fitch Locations: Delta, U.S

You can now transfer Bilt Rewards points to Marriott Bonvoy at a 1:10 ratio. As of today, November 8, you can now transfer Bilt Rewards points to Marriott Bonvoy at a 1:1 ratio. Bilt cardholders can transfer points to Marriott in increments of 1,000 (Bilt Blue tier members must transfer a minimum of 2,000 points per transaction). Cardholders also receive a bonus 5,000 Marriott Bonvoy points for every 20,000 Bilt points transferred to Marriott in a single transaction. You'll receive a 100-point Bilt Rewards point bonus for linking your Marriott Bonvoy account to your Bilt Rewards account.

Persons: —, Cardholders, Marriott, Here's, you’re, Bilt, Experian, TransUnion ™, Equifax, You'll, Bilt cardholders Organizations: Marriott, IHG, Hyatt, Service, American Airlines and United Airlines, Mastercard, Alliance, Emirates Locations: Hyatt, Emirates

☆ Dozens of federal lawmakers are pushing for more flights to a DC-area airport, a move that would drastically improve some of their commutes
▼ + stars: | 2023-07-09 | by ( John L. Dorman | ) www.businessinsider.com time to read: +4 min

A bipartisan group of lawmakers want major flight changes at Reagan National Airport in Virginia. Many lawmakers want to see the 1,250-mile perimeter restriction for round-trip flights relaxed. But some members of Congress argue that Reagan National is already under immense strain. But members of Congress also have a huge personal motivation for increasing the number of flights at Reagan National: the location. The prime location makes Reagan National the preferred airport for most lawmakers, but any route alterations would require changing a law which currently blocks long-haul flights of over 1,250 miles to or from the airport.

Persons: Ronald Reagan, Democratic Sen, Jon Tester, Montana, Tester, Blake Moore of, Virginia aren't, Abigail Spanberger, I'm Organizations: Reagan National Airport, Reagan, Service, Ronald Reagan Washington National Airport, Reagan National, Capitol, Washington Metro, DC, Washington Dulles International, Washington International Thurgood Marshall Airport, Delta Air Lines, Federal Aviation Administration, The New York Times, Democratic, Times, Great Falls International, Washington DC, GOP, Delta, American Airlines and United Airlines, The Times Locations: Virginia, Wall, Silicon, Ronald Reagan Washington, Arlington , Virginia, Washington, Baltimore, Montana, Great Falls, Great Falls , Montana, Denver , Minneapolis, Salt Lake City, Blake Moore of Utah, Maryland, Austin , Texas, Seattle

☆ Delta Air Lines' profit miss on higher fuel costs clouds strong forecast
▼ + stars: | 2023-04-13 | by ( Rajesh Kumar Singh | ) www.reuters.com time to read: +3 min

CHICAGO, April 13 (Reuters) - Delta Air Lines (DAL.N) on Thursday forecast higher-than-expected profit for the current quarter, citing "record" bookings for summer travel, even as the carrier missed first-quarter profit estimates due to higher fuel and labor costs. Rivals American Airlines and United Airlines were down about 1%. American Airlines (AAL.O) on Wednesday forecast first-quarter profit below market expectations, joining rival United Airlines (UAL.O) in signaling a hit from higher costs. U.S. carriers have tried to leverage travel demand with higher ticket prices to offset rising labor and fuel bills. For the June quarter, Delta expects its revenue to rise 15% to 17% from a year earlier on capacity growth of 17%.

☆ American Airlines pilots 'near' reaching agreement on new contract - union memo
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: +1 min

CHICAGO, April 3 (Reuters) - Pilots at American Airlines (AAL.O) are "near" reaching a comprehensive agreement in principle with the company on a new contract, according to a pilot union memo seen by Reuters. American pilots, who received their last pay increase in 2019, have been protesting for a new contract. Both American Airlines and United Airlines (UAL.O) have promised an "industry-leading" contract to their pilots. "Every day that passes is a day our pilots labor under a sub-standard agreement that is problematic to both our careers and the certainty of American Airlines' operation," the APA said. American Airlines Chief Executive Robert Isom has said the company is prepared to match the pay rates and profit-sharing formula that Delta has provided in its new pilot contract.

☆ FedEx pilot union inches closer to strike with unanimous approval for authorization vote
▼ + stars: | 2023-02-22 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +3 min

The union representing FedEx pilots unanimously approved a strike authorization vote last week, according to a Wednesday press release. According to a statement on the FedEx pilots' website, pilot leaders allege the company has failed to "acknowledge pilot contributions." After 30 days, pilots and management could exercise self-help, which could include a union strike or a company lockout. A statement by pilot leaders says FedEx customers should plan alternative means in the event of a pilot strike. The update comes a month after the Southwest Airlines pilots' union called a vote to authorize a potential strike after souring contract negotiations.

☆ Travel demand is hot, but some prices may cool: These are the stocks for spring break and beyond
▼ + stars: | 2023-02-18 | by ( Michelle Fox | ) www.cnbc.com time to read: +9 min

Last week, Hilton Worldwide CEO Chris Nassetta said, "The demand trends here and now are really strong." In the home-rental space, Airbnb also said it was seeing continued strong demand at the start of 2023. China's reopening from its Covid lockdown is also helping propel travel demand, as well as the tick up in business travel, she said. "The trends have been really strong since January," he said. Airlines like Delta, American Airlines and United Airlines cited strong travel demand and higher fares for fueling their strong fourth-quarter earnings — as well as for forecasts for this year.

☆ Want to cash in on China's reopening? Bank of America and UBS have some less obvious stock picks
▼ + stars: | 2023-01-26 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

China's unwinding of its strict Covid-19 controls has got analysts scrambling to identify reopening beneficiaries in the stock market. But there could be another way to play the reopening, with Bank of America and UBS having identified a raft of less obvious beneficiaries outside of China. UBS' stock picks Thai hospitality group Minor International is one of UBS' top picks. Within Thailand, UBS also named rail transit operator BTS Group, expressway and metro operator Bangkok Expressway & Metro, as well as Bangkok Bank as reopening beneficiaries. Student placement provider IDP Education, as well as property groups Lendlease Group and Mirvac Group also made the UBS list.

☆ Delta pilots are in line for huge pay rises worth billions of dollars if they agree to a new contract, report says
▼ + stars: | 2022-12-04 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

The "agreement-in-principle," seen by Reuters, still requires final approval by the Air Line Pilots Association and its members before being implemented. In October, Delta pilots represented by the Air Line Pilots Association voted overwhelmingly to strike. According to CNBC, the new draft agreement could help drive up pilots' pay across the industry. The Air Line Pilots Association said in a memo seen by Reuters that the proposed deal represents more than $7.2 billion of cumulative value increases over the next four years. The Air Line Pilots Association did not immediately respond to a request for comment from Insider.

☆ Delta pilots would get more than 30% in pay raises under new contract deal
▼ + stars: | 2022-12-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Air Lines and its pilots' union have reached a preliminary agreement for raises topping 30% over four years, a milestone deal that could sharply drive up aviators' pay across the industry. Delta pilots voted in October to authorize a strike if a deal wasn't reached, while pilots at several airlines have picketed this year demanding contract improvements. Delta and the union were edging toward a deal in mid-November, CNBC reported. It also includes a one-time payment of 4% of 2020 and 2021 pay each, plus 14% of 2022 pay. The Delta agreement said pay rates will exceed United's and American's pay by at least 1% over the course of the agreement, which still needs union and pilot approval.

☆ Pilot contract negotiations with airlines turn sour
▼ + stars: | 2022-11-03 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta Airlines pilots make their way to Terminal 4 to picket for a new contract at JFK International Airport on September 01, 2022 in New York City. The biggest airlines in the country are negotiating new pilot contracts, and talks with unions so far haven't gone well. This week alone, unions representing about 30,000 pilots combined at American Airlines and United Airlines rejected potential contracts. Meanwhile pilot unions are demanding higher pay and better schedules, on the heels of a roller coaster two years. Pilot pay varies widely based on experience and type of aircraft but senior wide-body captains at major airlines can make more than $300,000.

☆ BofA says 'higher-for-longer' oil will boost stocks beyond energy — here are some of its picks
▼ + stars: | 2022-10-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

"The cut to oil production comes at a time when global inventories are already low and U.S. reserves are at levels not seen since the 1980s, pushing oil prices higher-for-longer," the bank's analysts wrote in an Oct. 17 note. They estimated that this could send oil prices to an average of $100 per barrel next year – 20% above consensus. Oil prices have been volatile this year, rallying following the Russia-Ukraine war before sliding on recession worries. But BofA is bullish on the sector, predicting that oil and gas stocks are set to benefit. "Sectors exposed to higher energy prices and the secondary implications are Oil & Gas, LNG, Utilities, Alt.

☆ Boeing Dreamliner deliveries to resume in the 'coming days,' FAA says
▼ + stars: | 2022-08-08 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

An American Airlines Boeing 787-9 Dreamliner approaches for a landing at the Miami International Airport on December 10, 2021 in Miami, Florida. The resumption of deliveries is long-awaited for Boeing and customers like American Airlines and United Airlines , which have gone without new Dreamliners just as travel demand surged this year. Boeing will resume deliveries of its 787 Dreamliners in the coming days, the Federal Aviation Administration said Monday. Boeing last month said it was near the finish line of resuming 787 deliveries, which CEO Dave Calhoun called "the moment we've been waiting for." "We continue to work transparently with the FAA and our customers towards resuming 787 deliveries," Boeing said in a statement.

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