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Search resuls for: "Vasu Raja"


14 mentions found


☆ Airlines are doubling down on premium seats. So far, it's paying off
  + stars: | 2024-10-24 | by ( Taylor Rains | Benjamin Zhang | ) www.businessinsider.com   time to read: +4 min
Airlines are doubling down on high-margin premium cabins and even expanding them on new planes. American Airlines on Thursday reported an 8% increase in premium revenue in the third quarter compared with the prior year. Its rivals Delta Air Lines and United Airlines reported similar premium revenue growth in the quarter, at 4% and 5%. Courtesy of Delta Air LinesLeaning more into premium seats could fill that financial void. United Airlines' Polaris business class.
Persons: —, Andrew Nocella, American's, Vasu Raja, Robert Isom, haven't Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Airlines, Suite, American Airlines Delta, Boeing, Airbus, stoke, United Airlines ' Polaris, Frontier Airlines, Spirit Airlines, Spirit, JetBlue Airways, Southwest Airlines
☆ Microsoft is one of the most overbought stocks on Wall Street. Here are the others
  + stars: | 2024-06-22 | by ( Lisa Kailai Han | ) www.cnbc.com   time to read: +4 min
To that end, CNBC Pro used its stock screener tool to find the most overbought and oversold names on Wall Street, employing the 14-day relative strength index, or RSI, as a metric. Stocks that have a 14-day RSI above 70 are said to be overbought, indicating that shares might soon be due for a pullback. Microsoft was among the most overbought stocks this week, with an RSI of 74. Analyst price targets suggest more than 37% upside, per LSEG. With a RSI of about 19, real estate data firm CoStar Group was also among the most oversold stocks.
Persons: Nvidia, Brent Thill, Morgan Stanley, Meta Marshall, Vasu Raja, AAL, Ravi Shanker, Nicholas Jones, CSGP, —, Fred Imbert Organizations: CNBC Pro, Microsoft, Jefferies, American Airlines, U.S, JMP Securities Locations: Corning
☆ CNBC Daily Open: Dow drops, Nvidia can't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter. ConocoPhillips CEO Ryan Lance said the deal would immediately grow ConocoPhillips' earnings, cash flow and shareholder returns after the deal closes in the fourth quarter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Ryan Lance, Robert Isom, Vasu Raja, Raja, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, ConocoPhillips, Oil, American Airlines, Dow Locations: New York City, Disney, Texas , New Mexico, North Dakota
☆ CNBC Daily Open: Dow drops, Nvidia couldn't save Nasdaq
  + stars: | 2024-05-30 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Treasury yields weigh on Wall StreetThe S&P 500 snapped its three-day winning streak as Treasury yields climbed. Despite Nvidia's continued rise since its earnings report last week, the tech giant couldn't prevent the Nasdaq Composite from falling. Peltz dumps Disney stakeActivist investor Nelson Peltz has sold his entire stake in Disney, according to a person familiar with the matter.
Persons: Nvidia's, Salesforce, Nelson Peltz, Peltz, Jay Rasulo, Bob Iger, Robert Isom, Vasu Raja, Raja, Korea's Kospi, Hang Seng, CNBC's Brian Evans Organizations: New York Stock Exchange, CNBC, Nasdaq, Dow Jones, Disney, American Airlines, Treasury, Nikkei, China's CSI, Dow Locations: New York City, Disney, Asia, Pacific, Japan, South Korea, China
☆ American shares tumble 15% after sales strategy backfires; carrier cuts growth
  + stars: | 2024-05-29 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +2 min
American Airlines planes sit at the gate at Los Angeles International Airport (LAX) in Los Angeles, California, on July 26, 2023. Isom said American is weighing changes to a plan Raja led to drive direct bookings at the airline in lieu of third-party sites and travel agencies, a strategy that included gutting the airline's sales department. The changes angered some travel agencies who weren't able to access some of the carrier's fares as before, making it harder for some agencies to sell tickets on American flights. Raja said last month that the airline's corporate booking growth was coming in behind big rivals Delta and United . American in February said it would limit some travel agency bookings from being eligible to earn AAdvantage frequent flyer miles.
Persons: Robert Isom, Vasu Raja, Isom, Raja, We've, We're Organizations: Airlines, Los Angeles International Airport, American Airlines, Delta Locations: Los Angeles , California
☆ CNBC Daily Open: Nasdaq tops 17,000; Exxon faces shareholder revolt
  + stars: | 2024-05-29 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Nasdaq hits record in muted tradeThe Nasdaq Composite closed above 17,000 for the first time, driven by a surge in Nvidia shares, in an otherwise lackluster day for the market. The yield on the 10-year Treasury note rose following a $70 billion Treasury Department auction of 5-year notes that met with weak demand. T-Mobile plans to use U.S. Cellular's wireless spectrum to improve coverage in rural areas.
Persons: Neel Kashkari, Vasu Raja, Raja, Ryan Salame, Sam Bankman, Salame, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, . American Airlines, American Airlines, Mobile, U.S, Cellular, U.S . Cellular, GameStop, Commission
☆ Nasdaq closes at record high, Fed's Kashkari seeks more inflation data for rate cuts, GameStop soars
  + stars: | 2024-05-29 | by ( Abid Ali | ) www.cnbc.com   time to read: +3 min
CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The Dow Jones Industrial Average fell more than 200 points after hawkish comments from Minneapolis Federal Reserve President Neel Kashkari. Fed's Kashkari seeks more inflation dataThe Federal Reserve should wait for significant progress on inflation before cutting interest rates, Kashkari told CNBC on Tuesday. GameStop soarsShares of GameStop jumped more than 20% after the video game retailer announced it raised $933 million from a share offering. [PRO] Riding the AI boomCNBC's Todd Gordon analyzes a cybersecurity company that could benefit from investor enthusiasm for artificial intelligence-related stocks.
Persons: Neel Kashkari, Fed's Kashkari, Kashkari, Vasu Raja, Raja, Korea's, Hang Seng, Todd Gordon Organizations: CNBC, Nasdaq, Nvidia, Dow Jones, Minneapolis Federal, Federal, American Airlines, GameStop, Japan's Nikkei, China's CSI, International Monetary Fund Locations: Minneapolis, Asia, Pacific
☆ American Airlines CEO admits the airline messed up its plan to disrupt how tickets are sold
  + stars: | 2024-05-29 | by ( Benjamin Zhang | ) www.businessinsider.com   time to read: +1 min
American Airlines slashed its revenue and margin outlook for Q2 2024 on Tuesday. American's CEO said part of its struggles is due to recent changes in ticket sales strategy. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Speaking at an event on Wednesday, CEO Robert Isom said the lower earnings guidance can be attributed to a weaker-than-expected marketplace and the airline's weaker-than-expected performance. A key factor behind lower bookings is the airline's recent changes to ticket sales strategy, Isom said.
Persons: Vasu Raja, American's, —, Robert Isom, Isom Organizations: Airlines, Service, Business
☆ American Airlines cuts outlook, says chief commercial officer will depart
  + stars: | 2024-05-28 | by ( Leslie Josephs | ) www.cnbc.com   time to read: 1 min
In this articleAmerican Airlines passenger jets are lined up at the gates at Ronald Reagan Washington National Airport in Arlington, Virginia, on Feb. 10, 2024. American Airlines slashed its sales outlook on Tuesday and said its chief commercial officer, Vasu Raja will depart next month. This is breaking news. Check for updates. Correction: This story has been updated to correct Vasu Raja's title.
Persons: Ronald Reagan, Vasu Raja, Vasu Organizations: American, Ronald Reagan Washington National Airport, American Airlines Locations: Ronald Reagan Washington, Arlington , Virginia
☆ Delta bets on premium travel as 'shock absorber' for economic downturn
  + stars: | 2023-04-12 | by ( Rajesh Kumar Singh | ) www.reuters.com   time to read: +6 min
[1/5] Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in the Queens borough of New York City, New York, U.S., June 1, 2022. REUTERS/Mike SegarCHICAGO, April 12 (Reuters) - Delta Air Lines (DAL.N) is doubling down on more profitable premium travel as it looks to shore up its defenses against an economic downturn. Chief Executive Ed Bastian told Reuters the U.S. carrier will have premium seats on every plane it flies starting this summer. Rivals United Airlines (UAL.O) and American Airlines (AAL.O) are also chasing premium revenue. CHANGING TRAVEL PATTERNSThe quest for premium revenue has its underpinnings in the post-pandemic travel patterns.
☆ An airport will temporarily stop new members from joining a $618 VIP service that let people skip lines, due to a surge in popularity
  + stars: | 2022-10-26 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +3 min
Amsterdam Schiphol Airport has stopped taking new registrations for its VIP service. The service allowed passengers to jump the lines at airports, along with other perks. The service allowed passengers to skip the lines at airports, among other perks. "Due to the large volume of requests, we can only accommodate VIP service for our regular guests," the post said. The VIP service has a starting price of 617.10 euros, including Value Added Tax (VAT), for a single passenger and gives customers access to the airport's VIP Centre, and VIP lounges.
☆ At American Airlines, First Class Out, Business Class In for International Trips
  + stars: | 2022-10-21 | by ( Alison Sider | ) www.wsj.com   time to read: 1 min
American Airlines says customers want more business-class seats over first-class seats. American Airlines Group Inc. is replacing its first-class seats on international flights with new business-class suites. The reason: Customers aren’t that interested in buying first-class seats, Chief Commercial Officer Vasu Raja said on an earnings conference call Thursday, explaining a change first announced last month.
☆ American Airlines is ditching first class on all flights because customers simply 'aren't buying it'
  + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +3 min
American Airlines is ditching first class because customers aren't booking seats. The airline is instead focusing on its new business class offering, known as Flagship Suites. AA said it plans to increase the number of premium seats on its planes by 45% by 2026. American Airlines did not immediately respond to Insider's request for further comment, made outside normal US working hours. The American Airlines Group, which includes regional carriers Piedmont, Envoy, and PSA, flew more than 500,000 flights in the third quarter of the year.
☆ Here's why it's so hard to find cheap airfare this year — and why 2023 isn't looking much better
  + stars: | 2022-10-20 | by ( Leslie Josephs | ) www.cnbc.com   time to read: +7 min
"Holiday flights are going to be expensive once again," said Scott Keyes, founder of flight-deal site Scott's Cheap Flights. "The pricing power has shifted back to the airlines for winter holiday travel." Windfall for airlinesThe three biggest U.S. airlines — Delta , United and American — each reported profits and record revenue for the third quarter. "Demand has not come close to being quenched by a hectic summer travel season," Delta CEO Ed Bastian said on the carrier's quarterly call last week. "When you are opening your Christmas presents, ideally that's when you should be thinking about booking those summer flights," he said.
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