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Delta Air Lines on Wednesday said sales would grow in 2025, citing a "resilient economy" for strong travel demand and credit card spending, especially for higher-end offerings. Delta forecast revenue growth in the mid-single digit percentage points next year compared with 2024, in line with the roughly 6% growth analysts were expecting. In an investor day presentation, the carrier said it would expand flying by 3% to 4% next year from 2024. Hauenstein said Delta is looking for new ways to segment its cabins after the carrier — and rivals — spent years breaking coach-class into options like premium economy, extra-legroom seats and basic economy. While it didn't provide detail, it's also considering more options for travelers sitting in the front of the plane too, Hauenstein said.
Persons: Delta, Glen Hauenstein, Delta's, Hauenstein, , it's Organizations: Delta Air Lines, American Express, United Airlines Locations: Tuesday's
American Airlines is rolling out new technology across the country to crack down on travelers trying to get on the airplane before their boarding group is called. Customers who try to scan a boarding pass before their group is called will hear a two-note sound and be turned away, the airline said. American Airlines has nine boarding groups, ranging from first-class customers and top-tier frequent flyers to travelers who purchased basic economy fares, or the least-expensive tickets. Airlines reward their high-paying elite frequent flyers with perks such as earlier boarding, and have been trying to keep it exclusive. The new technology as of Wednesday is in more than 100 nonhub airports around the U.S. following tests over the past month at Albuquerque International Sunport, Ronald Reagan Washington National Airport and Tucson International Airport, American Airlines said.
Persons: Ronald Reagan Organizations: Airlines, American Airlines, Albuquerque International, Ronald Reagan Washington National Airport, Tucson International Airport Locations: Ronald Reagan Washington, Tucson
As such, premium seats — currently about 30% of Delta's inventory — will be a majority focus of any added capacity next year. Delta is doubling down on premium seatsDelta's premium cabins, including premium-economy upgrades, Delta One business class, and domestic first class, have long been profit drivers. Delta said its Airbus A350-1000 aircraft will be introduced with about 50% premium seats, for example, while the airline plans to add lie-flat business class to A321neo jets. AdvertisementThis all comes after Delta had higher-than-expected earnings in the third quarter, largely anchored by premium seats, even though it was dinged by a costly CrowdStrike outage. From July through September, Delta generated $5.3 billion in premium revenue compared to $6.3 billion for the economy cabin despite premium taking up less cabin real estate.
Persons: Glen Hauenstein, Hauenstein, Scott Kirby, David Neeleman, They've, Ed Bastian, Donald Trump, Delta, didn't Organizations: Lines, Delta Air Lines, Wednesday, Delta, Spirit Airlines, United Airlines, Breeze Airways, Biden, Airbus, Boeing Locations: Atlanta
CNN —If you planned on traveling aboard Spirit Airlines for the holidays, which filed for bankruptcy Monday, you shouldn’t worry. Multiple US airlines have undergone bankruptcies over the years, including United Airlines in 2002, Delta Air Lines in 2005 and American Airlines in 2011. That same low fare model pushed competitors at legacy airlines to offer options for basic economy tickets, tickets that compare to Spirit’s prices but come with restrictions. She said the stigma of bankruptcy may impact Spirit going forward with travelers uncertain of its future. For now, travelers shouldn’t stress as the airline begins to navigate bankruptcy, as it seems like a pretty standard bankruptcy filing, according to Foss.
Persons: Zach Griff, Guy, , ” Griff, I’m, , Ted Christie, Griff, Sarah Foss, Debtwire, Foss, ” Foss Organizations: CNN, Spirit Airlines, United Airlines, Delta Air Lines, American Airlines, Frontier Airlines, JetBlue Airways, Frontier Locations: Frontier
AdvertisementI purchased a blow-up travel pillow for two long-haul flights between the US and East Africa. I did catch some Zs, but I knew by the end of the flight I'd never fly with the travel pillow again. The Kimiandy Inflatable Travel Pillow. Monica Humphries/Business InsiderI'd eyed the travel pillow for yearsI've spent the past few years watching TikTok videos, chatting with frequent flyers, and reading travel pillow roundups — and one product always stood out. AdvertisementThe $21 Kimiandy Inflatable Travel Pillow, shaped like a cube, allows sleepers to lean forward.
Persons: shamefully, Monica Humphries, I've, hasn't Organizations: US, Ethiopian, Qatar Airways, Ethiopian Airlines Locations: East Africa, Washington, Addis Ababa, Ethiopia, Doha, Qatar, Dallas
Now, ValueAct has engaged another titan of the market, Meta Platforms, announcing an approximately $1 billion dollar position in the company. With the stock price up about 56% in 2024, ValueAct still sees significant untapped value in Meta. ValueAct has shown at Microsoft and Salesforce that it is very good in helping companies trim fat and build muscle. The AI spending, while concerning to some in the market, can be the muscle that strengthens Meta's core FoA business. It should more than justify Meta's AI spend.
Persons: ValueAct, Mason Morfit, Mark Zuckerberg, OpenAI's GPT, Meta, Martha Stewart Living, Ken Squire Organizations: Reality Labs, Facebook, Microsoft, Meta, RL, Spotify, OpenAI, Adobe, New York Times, Expedia, Century Fox, KKR, 13D Locations: Salesforce
CNN —Lost luggage is one of the major woes of the modern travel era, with rates of mishandled bags still up since the start of the pandemic. But travelers wanting their bags back will still have to move fast – the shareable tracking option is currently only available for a week. In 2023, airlines lost an average of 6.9 bags per 1,000 passengers, according to SITA, which offers solutions for the aviation industry. That’s an improvement on 2022, which saw a whopping 7.6 bags lost per 1,000 passengers — but still well up on pre-pandemic numbers. In 2019, 5.6 bags were lost per 1,000 flyers.
Persons: Barry, Sherry, SITA Organizations: CNN, American Airlines and British Airways, Apple Locations: Swiss, Zurich
Five-star carrier Singapore Airlines is investing $830 million to retrofit 41 Airbus A350 planes. Business class doors are increasingly popular as flyers demand more privacy in high-dollar cabins. The privacy door, a flyer favorite, is an increasingly popular perk in business class. Singapore opted for privacy wings instead of a door on its existing A350 business class, which Business Insider flew in January 2023. Singapore's A350-900ULR will add three business class seats but lose 36 premium economy seats to make room for first class.
Persons: , Taylor Rains, Goh Choon Phong Organizations: Singapore Airlines, Boeing 777X, Service, Airbus, Singapore, Business, Insider Airlines, Air, American Airlines, British Airways, Korean Air, Turkish Airlines, Boeing, Qatar Airways, Cathay Locations: Qatar, Air India, Singapore, New York City, Singapore Airlines Singapore, London, Hong
Portland airport is using llamas and alpacas for stress relief at its terminals. Animal therapy appears to lower anxiety and promote mood-lifting hormones. AdvertisementAn airport in Oregon is trying to ease nervous flyers' concerns by providing them with access to an unusual animal therapy program. Most existing studies are focused on therapy dogs, which are increasingly being used in airports, such as London Stansted and Istanbul Airport. Denver International Airport has the world's largest animal therapy program, for which it was awarded the Guinness World Record in 2021.
Persons: , Allison Ferre, Mintel Organizations: Service, Portland International, NPR, UCLA Health, London Stansted, Istanbul Airport, Port, Business, International, Guinness, Disease Control, Prevention Locations: Portland, Oregon, Ridgefield , Washington, New York City, Istanbul, Port of Portland
Yuki Iwamura | Bloomberg | Getty ImagesThe unemployment rate for white Americans inched higher in October, according to data released Friday by the Department of Labor. In October, white Americans saw their jobless rate rise to 3.8% from 3.6% in the month prior. On the other hand, the jobless rates for both white men and women edged higher in October. While Hispanic women saw their jobless rate climb to 5.2% from 4.8%, unemployment rates for their male counterparts slid to 4.0% from 4.1%. The unemployment rate also ticked lower for Black women to 4.9% from 5.3%, while it climbed to 5.7% from 5.1% for Black men.
Persons: Yuki Iwamura, Heidi Shierholz, Shierholz Organizations: New York, Bronx Library Center, Bloomberg, Getty, Department of Labor, Economic Policy Institute, CNBC Locations: Bronx, New York
Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve. Low-cost airlines should continue to ditch barebones planesSouthwest shouldn't be the only one to move away from historical norms.
Persons: David Neeleman, , David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze
China's top three state-owned airlines reported profit declines in the third quarter despite record summer passenger numbers and fuller planes than last year, as a slowdown in domestic economic growth pushes flyers to seek cheaper fares. Beijing-headquartered Air China on Wednesday reported a net profit of 4.14 billion yuan ($581.34 million) in the quarter, down from 4.24 billion yuan a year earlier. China Eastern Airlines on the same day posted a net profit of 2.63 billion yuan, down 28.2% year on year. The country's largest airline China Southern said on Monday there was "strong demand in the aviation market" but reported a 23.9% year-on-year drop in third-quarter net profit to 3.19 billion yuan. Airlines globally have been seeing stable demand but overcapacity and sluggish yields as a post-pandemic travel boom abates and most planes are back in the skies.
Organizations: Air, China Eastern Airlines, China Southern, Airlines Locations: Beijing, Air China, China
Budget airlines like Spirit, Frontier, and Southwest are struggling to turn a profit. Low-cost veteran David Neeleman told BI that Spirit and Frontier should merge to survive. The still-in-service airlines Neeleman founded, like JetBlue Airways, Azul Brazilian Airlines, Canada's WestJet, and Breeze Airways, largely follow this idea. Historically, these strategies have been absent from the likes of Spirit, Frontier, and Southwest, which have stuck to all-economy aircraft with little choice. Southwest Airlines boats an open-seating policy where seats are first-co,me first-serve.
Persons: David Neeleman, , David Neeleman —, Thomas Pallini, haven't, Neeleman, that's, Barry Biffle, They're, we've, WestJet, Scott Kirby, doesn't, Kevin Carter, Breeze Organizations: Service, JetBlue —, Breeze Airways, Alaska Airlines, Hawaiian Airlines, Street, Frontier, Neeleman, JetBlue Airways, Azul Brazilian Airlines, JetBlue, Southwest Airlines, Morris Air, Spirit, Airbus Locations: Southwest, Frontier, Breeze
A little over a year into running her cleaning business, Cool Aunt Cleaners, Anna-Marie Ortiz has learned a lot about the resilience and adaptability needed to succeed as a small business owner. Matt Wolcott | CNBC Make ItOrtiz started the business in July 2023 with her last $2,000 in savings. Despite the failure, running the shop gave Ortiz lasting insights she was able to apply to her cleaning business. To drum up business, Ortiz put up flyers and handed out business cards in targeted neighborhoods. Looking aheadOrtiz has ambitious plans to expand Cool Aunt Cleaners beyond Portland and turn it into a "seven-figure business."
Persons: Marie Ortiz, , Anna, Matt Wolcott, Ortiz, she's, it's, I've, they're, recalibrating, Ortiz doesn't, she'd Organizations: CNBC, Butler Community College, Transportation, Amazon Prime, Spotify Locations: Portland , Oregon, Wichita , Kansas, Wichita, Kingman , Kansas, Lawrence , Kansas, Portland, West Coast, forbearance
Amember of staff hands flyers with picture of Japan's Prime Minister Shigeru Ishiba before his election campaign speech in Tokyo on October 26, 2024. Voters delivered a "harsh judgement" to the LDP, in the words of Prime Minister Shigeru Ishiba. Following that result, parties have 30 days to try to form a coalition government and pick a prime minister. It's still unclear what the exact makeup of a coalition government could look like, clouding the outlook for both economic policy and Ishiba's fate. Thong predicted there will be no significant changes to the country's defense policy, although he pointed out that "a major increase in [defense] exports may be challenging."
Persons: Shigeru Ishiba, Yuichi Yamazaki, It's, William Pesek, CNBC's, Damian Thong, Thong, Fumio Kishida, Masahiko Loo Organizations: Japan's, Afp, Getty, Liberal Democratic Party, Voters, Trump, Macquarie Capital, State Street Global Advisors Locations: Tokyo, Japan
The photo, taken in Jabalya on Friday, shows residents of the refugee camp who tried to leave the area after being forced by the Israeli military to evacuate amid its ongoing ground operation there. The photo was first shared on an Israeli Telegram channel; while it is unclear who took it, several of the men in the picture told CNN Israeli soldiers were photographing them as they were being detained. They were insulting us during that time, calling us names, laughing and taking pictures,” the 27-year old told CNN. Jouri’s father Mohamad Abu Ward told CNN he was forced to strip to his underwear and was held for eight hours alongside Jouri. “Individuals suspected of involvement in terrorist activity are being detained and questioned,” the IDF told CNN in a statement.
Persons: There’s, Muhannad Khalaf, , Khalaf, Abu Ward, Mohamad Abu Ward, Israel, Balkees Jarrah Organizations: CNN, Israeli, Israel Defense Forces, Jouri, IDF, Cross, United Nations, International Commission of, Rights Watch, Amnesty International, Human Rights Watch Locations: Gaza, Jabalya, Gaza City, Northern Gaza, Geneva, Palestinian Territory, Israel
The hum of a peaceful New York City afternoon was broken by chaos Sunday as Washington Square Park played host to a viral Timothée Chalamet lookalike competition. Miles Mitchell, left, winner of the Timothée Chalamet lookalike contest, came dressed as Willy Wonka, whom Chalamet, right played in the film “Wonka.” AP; Warner Bros. I’m gonna win $50.”As Washington Square Park became overcrowded, the red carpet (yes, a real red carpet) was uprooted and the Timothées began a panicked pilgrimage to a smaller park nearby. Contestants gather for the Timothée Chalamet lookalike contest in Washington Square Park in New York on Sunday. Stefan Jeremiah / AP“I really love Timothée.
Persons: Chalamet, ” Police didn’t, , , Tamir Omari, ” Chalamet, Chalamet’s Paul Atreides, Miles Mitchell, Willy Wonka, Wonka, Paul Atreides, Bob Dylan, Timmy, Dempsey Bobbitt, I’m, Stefan Jeremiah, Madeline Berns, Rutgers University . Berns, Berns, “ It’s, ” Omari, Kylie Jenner, Mitchell Organizations: Washington Square Park, Associated Press, ” Police, AP, Warner Bros, , Washington, Rutgers University Locations: New York City, Washington, New York
Federal authorities, meanwhile, say their security procedures are sound heading into Election Day, Nov. 5. Its domestic flight bookings are down 19% for the week of the election compared with the same week last year. That has left more room for political jitters to creep into consumers’ travel considerations, travel agents say. That’s partly why Olivia MacLeod Dwinell, 64, and her husband Ross Dwinell, 74, were in Europe this month. Olivia MacLeod Dwinell and her husband, Ross Dwinnell.
Persons: Emily Reeve, , , Reeve, Ed Bastian Delta, Ed Bastian, Delta, they’d, Kamala Harris, Donald Trump, they’re, Kelly Soderlund, Thibaud Moritz, ” Soderlund, Transportation Security Administration “, Jeffrey Price, Olivia MacLeod Dwinell, Sonia Bhagwan, Ross Dwinell, Dwinell, Ross’s, “ We’re, ” Kimberly Kracun, Kimberly, Ross Dwinnell, Olivia MacLeod Dwinell “, ” Kracun, Chirag, Panchal Organizations: Federal, Delta Air, Ed Bastian Delta Air, CNBC, United Airlines, AFP, Getty, Republican, Trump, Transportation Security Administration, ” Flyers, MMGY Travel Intelligence, Future Partners, Baby Boomers, Chirag Panchal, Dallas Locations: Hawaii , Florida, Portland , Oregon, U.S, Navan, Portland, Europe, London, France, Harpers Ferry, West Virginia, Dallas
AdvertisementJohn F. Kennedy International Airport broke ground on a new Terminal One in September 2022. A private consortium is investing $9.5 billion to modernize the new terminal, focusing on safety, efficiency, and the customer experience. New Terminal OneDevelopers hope the future state-of-the-art terminal will become a Skytrax five-star airport terminal — a feat no US airport had achieved until New York's LaGuardia Airport finally ditched its infamous "LaGarbage" nickname with a new and improved Terminal B in 2023. This includes facial recognition boarding, AI-powered gate systems, and air traffic technology to reduce the chance of near misses. If the technology works as promised, I'd look forward to flying through.
Persons: John F, SITA's, Taylor Rains, Taha Zahir, LaGuardia, Zahir Organizations: Kennedy International Airport, Port Authority of New, JFK, Phillippines Airlines, Air, New, Department of Transportation, Business, JFK's, BI, British Airways, Flyers, TSA, Changi Airport, Korean, ADB Locations: York, Port Authority of New York, North America, Air France, Long, London, Changi, NYC's, LaGuardia, Los Angeles
Their memories are so short,” the man said, incredulous that any union member in Wisconsin is now backing Trump. Teamsters members who backed Harris carried out what’s considered by the campaign to be among the most persuasive of arguments: those made peer to peer. After the news broke that the national organization wouldn’t endorse Harris, however, local Teamsters groups, including many of the largest, swiftly backed Harris. Trump’s a scab!”The United Auto Workers union, which has a vast representation in the swing state of Michigan, has also put its weight behind Harris. It’s my tax money going to union workers,” Jones said.
Persons: Kamala Harris, Scott Walker’s, Donald Trump, , Trump, , Harris, Tim Walz, Democratic Sen, Tammy Baldwin, what’s, Elon Musk, ” Josh Orton, Harris ’, Bill Carroll, Mandel Ngan, Sean O’Brien, Joe Biden, Karoline Leavitt, ” Leavitt, Leavitt, Jim Ridderbush, ” Ridderbush, didn’t, Shawn Fain, Biden, John A, Daniel Jones, “ That’s, ” Jones, “ Donald Trump, he’d, Scott Walker, Tesla, “ I’m Trump, ” Jacob Ralph, Lori Jensen, Sean O’Brien didn’t, Sean, “ I’ll Organizations: Teamsters, Republican Gov, Gov, Democratic, Trump, NBC News, Getty, International Brotherhood of Teamsters, United Food, Commercial Workers, , United Auto Workers union, Biden, Neenah Locations: OSHKOSH, Wisconsin, Foxconn, Michigan, Pennsylvania, Madison, Wis, AFP, Green Bay, Oshkosh, Duluth , Minnesota, Superior , Wisconsin
Pro-Trump group funded by Musk struggles with outreach targets
  + stars: | 2024-10-19 | by ( ) www.cnbc.com   time to read: +5 min
Four people involved in the group's outreach told Reuters that managers warned canvassers they are missing targets and needed to raise the number of would-be voters they contact. Another person briefed on the matter said America PAC was struggling to find sufficient people to conduct audits in other states. Musk, ranked by Forbes as the world's richest person, so far has supplied at least $75 million to America PAC, according to federal disclosures, making the group a crucial part of Trump's bid to regain the White House. In Nevada, it isn't clear whether Young's audit has concluded, reached any findings or prompted any change in America PAC's outreach. America PAC recently updated its website to prominently display advertisements seeking canvassers.
Persons: Elon Musk, Donald Trump, canvassers, Alysia McMillan, McMillan, We're, we've, Trump, Chris Young, Young didn't, Kamala Harris, carmaker Tesla, Musk, We've Organizations: PAC Town Hall, America PAC, Republican, PAC, Election, Reuters, Wisconsin, Senior, Trump, Democratic, Forbes, SpaceX, Lone Locations: Folsom , Pennsylvania, U.S, Wisconsin, Nevada, Arizona, America
New season premieres October 19, 2024
  + stars: | 2024-10-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew season premieres October 19, 2024High speed, high tech and filled with high-flyers – Formula 1 is the world's most elite motorsports league, and in recent years has experienced rapid growth in attendance, viewership and market value. CNBC's new season of "Inside Track: The Business of Formula 1" takes a look at the business to find out what is fueling its popularity and who is profiting.
After her sophomore year of high school, Swank and her mom moved from small-town Washington to LA so she could pursue her dream. Hilary Swank gives an acceptance speech at the Oscars in 2000. In this installment of Business Insider's "5 to 9" series, where celebrities and high-flyers share how they spend the hours they're not working, Swank shared how she keeps fit, what she eats, and how she recharges. AdvertisementBut I'm a big eater, I eat every hour and a half, and think of food as fuel. Being a new mom of twins makes that a little more challenging.
Persons: Hilary Swank, Swank, Oscar, Meryl Streep, Julianne Moore, She's, Aya, Ohm, I'm, it's, there's, Philip Schneider, Matt Winkelmeyer, Schneider Organizations: Getty, skincare Locations: Washington, LA, Manhattan, HealthyBaby
Several airlines have criticized Boeing for delivery delays. Ryanair CEO Michael O'Leary told Reuters Wednesday that the airline is likely to cut its traffic growth expectations for next year as it predicts delivery delays. Also on Wednesday, at an Irish think tank event, the head of the world's foremost airline trade group spoke out about delivery delays. AdvertisementLast Friday, Boeing announced further delays to its 777X jet, with its first delivery pushed from 2025 to 2026. AdvertisementThe Boeing 777X was delayed again last week, leading to sharp criticism from the boss of Emirates, one of Boeing's biggest customers.
Persons: Michael O'Leary, , O'Leary, Willie Walsh, Walsh, Tim Clark, GIUSEPPE CACACE, I've, Carsten Spohr, Spohr Organizations: Boeing, Service, Ryanair, Reuters, International Air Transport Association, Guardian, Airbus . Supply, Alaska Airlines, Emirates, Business, Getty, Lufthansa, Airlines, Europe, Financial Times, BI Locations: Irish, AFP, Emirates
Keep reading to learn how to watch Philadelphia Flyers vs. Edmonton Oilers live streams. Below, we've compiled everything you need to know about watching the Flyers vs. Oilers. What channel is the Philadelphia Flyers vs. Edmonton Oilers game on? The Philadelphia Flyers vs. Edmonton Oilers game will air on ESPN in the US. Check price at ExpressVPNHow to watch Philadelphia Flyers vs. Edmonton Oilers with a VPNSign up for a VPN if you don't already have one.
Persons: you've, ExpressVPN Organizations: Business, NHL, Flyers, Oilers, Philadelphia Flyers, Edmonton Oilers, Vancouver Canucks, Calgary Flames, The Oilers, Florida Panthers, Flames, Chicago Blackhawks, Winnipeg Jets, . Oilers, ESPN, DirecTV, Sling, ESPN2, ESPN3, Fubo Locations: Canada, Philadelphia, Edmonton
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