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☆ Delta tops quarterly earnings expectations, focuses on efficiency as growth steadies
▼ + stars: | 2024-04-10 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Delta's adjusted earnings of $288 million, or 45 cents a share, rose from $163 million, or 25 cents a share in the first quarter of 2023. Here's how the company performed in the three months ended March 31, compared to Wall Street expectations based on consensus estimates from LSEG:Adjusted earnings per share: 45 cents vs. 36 cents expected. 45 cents vs. 36 cents expected. Adjusted revenue: $12.56 billion vs. $12.59 billion expected. Delta forecast second-quarter earnings of $2.20 to $2.50 per share, while analysts forecast between $2.23 per share on average, according to LSEG.

Persons: Ed Bastian, Bastian, Delta, Dan Janki Organizations: Airbus, Delta Air Lines, Toulouse Blagnac, Delta, LSEG, Corporate, CNBC Locations: Toulouse, Atlanta, France, LSEG, Delta

☆ Jim Cramer shares his thoughts on Delta Air Lines, TSMC, Cava Group, Albemarle and Alibaba
▼ + stars: | 2024-04-10 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Delta Air Lines : Delta on Wednesday reported better-than-expected first quarter results and issued second-quarter guidance that shows that demand for travel is still strong. "Here's the two things you can do: If you know Nvidia you can say, 'Oh, well that's wrong.' If you don't know Nvidia, you would say, 'Oh my god, what do I do?' Cava Group : Analysts at Argus upgraded the Mediterranean restaurant chain's stock to a buy rating from hold after a period of weakness. Albemarle : Bank of America upgraded shares of the lithium producer to buy from neutral, arguing prices of lithium have bottomed.

Persons: Jim Cramer's, Ed Bastian, Jim Cramer, Cramer, Jack Ma Organizations: CNBC, Club, Delta Air Lines, Delta, Taiwan Semiconductor Manufacturing Company, Nvidia, Argus, Bank of America Locations: Taiwan, Albemarle

☆ Delta Air Lines CEO Ed Bastian on Q1 EPS beat: There's more opportunity ahead
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelta Air Lines CEO Ed Bastian on Q1 EPS beat: There's more opportunity aheadCNBC’s Phil LeBeau and Delta Air Lines CEO Ed Bastian joins 'Squawk Box' to discuss the airline's quarterly earnings results, business travel demand, state of aviation safety, Boeing's quality concerns, international travel demand, and more.

Persons: Ed Bastian, Phil LeBeau Organizations: Air, Delta Air

☆ The Masters is about to turn Augusta's airport into 'organized chaos.' Here's how it gears up for an influx of over 1,500 private jets.
▼ + stars: | 2024-04-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +6 min

AdvertisementWith an average of 30,000 passengers a month, Augusta Regional Airport usually sees one-hundredth the number of passengers as Newark Liberty International. This year's Masters, played at Augusta National, is set to be the busiest yet for Augusta Regional Airport. "In years past, American has always given an influx of direct flights for Masters week," Smith told BI. But perhaps the most striking change from the usual day-to-day is the expected influx of private jets. Private jetsAugusta Regional Airport has two runways but closes one of them down for the Masters so that the private jets can park there.

Persons: —, Lauren Smith, Smith, It's, Barnwell, Augusta —, Uber Organizations: Augusta Regional Airport, Service, Augusta Regional, Newark Liberty International, TSA, Augusta National, American Airlines, Delta Air Lines, Delta, Private, Augusta, Atlanta —, New, Bombardier Challenger Locations: Augusta, Georgian, Washington, DC, Boston, Austin, JFK, Palm Beach, Orlando, LaGuardia, Detroit, Atlanta, Aiken, South Carolina, New York City, Toro

☆ Stock futures tick higher as key March inflation report looms: Live updates
▼ + stars: | 2024-04-09 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Stock futures inched higher Tuesday night as investors await key U.S. inflation data that will inform the Federal Reserve's path on rate policy. During Tuesday's regular trading, investors appeared to be in a holding pattern ahead of the March consumer price index report. The CPI report, which is set to release on Wednesday at 8:30 a.m. Fed funds futures trading data suggests a 42% likelihood that the central bank will hold steady on rates in June, according to the CME FedWatch Tool. In addition to the big inflation report on Wednesday, investors are also looking forward to the meeting minutes from the Fed's gathering last month.

Persons: Dow, Dow Jones, Quincy Krosby, Krosby Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, CPI, Traders, LPL, Delta Air Lines Locations: New York City, Quincy

☆ Biden’s manufacturing industry is expanding, but that could be bad for inflation
▼ + stars: | 2024-04-07 | by ( Bryan Mena | ) edition.cnn.com time to read: +7 min

But a resurgence in the industry could complicate the Federal Reserve’s ongoing inflation fight, either delaying the first interest rate cut or resulting in fewer cuts this year, some economists say. Interest rates have been at a two-decade high since July, after the Fed raised rates aggressively over the prior year and a half. The economy picking up further strength would spook Wall Street because of what it means for interest rates — and some manufacturers say they’re optimistic about the future. The Bank of Canada announces its latest interest rate decision. China’s National Bureau of Statistics releases March inflation data.

Persons: Joe Biden, ”, Tom Barkin, “, Mary Daly, ” Daly, Jerome Powell, Neel Kashkari, ” Kashkari, ” Richard de Chazal, Blair, they’re “, Amazon’s, It’s, Ramishah Maruf, Amazon, haven’t, Read Organizations: Washington CNN, Institute for Supply Management, Congress, Fed, ” Richmond Fed, ” San Francisco Fed, Minneapolis, Dow, Blair Equity Research, Amazon, Fresh, Delta Air Lines, US Labor Department, Index, Bank of Canada, Federal Reserve, National Bureau of Statistics, Constellation Brands, European Central Bank, JPMorgan Chase, Citigroup, State, National Statistics, The University of Michigan Locations: Richmond , Virginia, ” San, Las Vegas, India, Wells Fargo, Progressive, BlackRock

☆ These plane crash survivors and victims’ loved ones are becoming scared to fly again after years of travel. They’re not alone
▼ + stars: | 2024-04-06 | by ( Elizabeth Wolfe | ) edition.cnn.com time to read: +13 min

Others, however, said they are still confident in flight safety, pointing out that commercial air travel remains one of the safest modes of transportation. Cara and Erin Ashcraft survived the crash of American Airlines Flight 1420, operated on a McDonnell Douglas MD-82, during a landing at Little Rock National Airport on June 1, 1999. “I’ve never had concerns (about air travel safety) before. This is the hole left behind when the plug door of an Alaska Airlines flight blew off midflight on January 5, 2024. Pierson is wary of attitudes around the apparent safety of American air travel, he said.

Persons: Barb Handley, –, ” Handley, Handley, ”, ‘, Mary Handley, Alice, Barb Handley Miller, Pat Gabrielse, Dan Handley, Beth Handley McMall, Kathleen Handley Salemi, Cara, Erin Ashcraft, “, I’m, ” Cara, ” Cara Ashcraft, ’, McDonnell Douglas, Andy Scott, “ I’m, ” Erin Ashcraft, ” ‘ I’ve, Trey Smith, “ I’ve, ” Smith, Smith, Scott Kirby, United, Boeing Aubrey, Max, Aubrey, they’re, ” Anthony Brickhouse, Florida’s Embry, Brickhouse, Ed Pierson, Pierson, That’s, ” CNN’s Chris Isidore, Jacopo Prisco Organizations: CNN, Alaska Airlines, United Airlines Boeing, Boeing, –, National Transportation, NTSB, Federal Aviation Administration, United Airlines, American Airlines, McDonnell, Little Rock National Airport, Dallas Morning News, International Air Transport, United, Reuters United, Airbus, “ Airlines, Delta Air Lines, Hawaiian Airlines, Florida’s, Riddle Aeronautical University, Alaska Airlines Max, US Federal Aviation Administration, National Transportation Safety Board, Foundation for Aviation Safety, Air Canada, San Francisco International Airport Locations: Alaska, Little Rock , Arkansas, United States, Virginia, Los Angeles, East, Southwest

☆ Cramer's week ahead: Earnings from Delta, Constellation Brands and major banks
▼ + stars: | 2024-04-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Friday told investors what to look out for next week on Wall Street, highlighting earnings reports from major banks, Delta Air Lines and Constellation Brands . "Stop worrying about how many rate cuts we're going to get when or where or why or how," he said. He'll also be paying attention to earnings from Delta, which he said has the best financials of its peers. Cramer said Thursday is an important earnings day because Constellation Brands will share its quarterly results. Friday is also a big day for earnings, Cramer said, with reports from Wells Fargo , JPMorgan , BlackRock and Citigroup .

Persons: CNBC's Jim Cramer, it's, Cramer, he'll Organizations: Delta Air Lines, Constellation Brands, Federal, Florida Supreme, Delta, Modelo, JPMorgan, BlackRock, Citigroup, Fed Locations: Florida, Wells Fargo

☆ Wall Street gets key inflation data next week amid concerns the stock market is overbought
▼ + stars: | 2024-04-05 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet anticipate the March consumer price index will show prices rising by 0.3% on a monthly basis, less than February's 0.4% advance. Similarly, the March producer price index is expected to show an increase of 0.5%, according to FactSet consensus estimates. Monday April 8 Tuesday April 9 6 a.m. NFIB Small Business Index (March) Wednesday April 10 8:30 a.m. Consumer Price Index (CPI) (March) 8:30 a.m. Initial Claims (04/06) 8:30 a.m. Producer Price Index PPI Earnings: CarMax Friday April 12 8:30 a.m. Import Price Index (March) 10 a.m. Michigan Sentiment preliminary (April) Earnings: State Street , Wells Fargo , JPMorgan Chase , Progressive , Citigroup

Persons: Stocks, we're, Ross Mayfield, Baird, Mayfield, FactSet, David Einhorn, CNBC's Scott Wapner, he's, Michelle Bowman, Bank's Tom Hainlin, Hainlin, Jamie Myers, JPMorgan Chase Organizations: Federal Reserve, Investors, Treasury Bond, Dow Jones, Nasdaq, . West Texas, Treasury, Fed, Investment Group, Investors Intelligence, American Association of, Walmart, Citigroup, JPMorgan, Index, Treasury Budget NSA, Air Lines, Price Index, Progressive Locations: U.S, Wells Fargo, Michigan

☆ Premarket stocks: The rally is sputtering. Earnings season could revive it
▼ + stars: | 2024-04-05 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors are hoping the upcoming earnings season will help bring back this year’s banner rally. The first-quarter earnings season could get the stock rally chugging along again, some investors say. Earnings season kicks off next week with quarterly updates from Delta Air Lines, Citigroup, BlackRock, JPMorgan Chase and Wells Fargo. For the millions of recent Latino immigrants in the US, construction jobs have low barriers to entry and the openings are plentiful. The crackdown comes as its rival Netflix has attributed a jump in signups from its recent crackdown on password sharing.

Persons: Stocks, FactSet, ”, Matthew Stith, Wells, Yung, Yu Ma, Francis Scott Key, Ramishah Maruf, Gloria Pazmino, We’re, It’s, Reinaldo Quintero, “, ” Read, Samantha Murphy Kelly, Bob Iger, hasn’t, Read Organizations: CNN Business, Bell, New York CNN, Investors, Bartlett Wealth Management, Delta Air Lines, Citigroup, JPMorgan Chase, BMO Wealth Management, Bureau of Labor Statistics, CNN, Disney, CNBC, Netflix Locations: New York, BlackRock, Wells Fargo, Baltimore, America, signups

☆ Airline pilots at Delta, American, and United can make more than $500k a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Recent pay raises have made commercial airline pilots some of the highest-paid workers in the US. The 3 major airlines, American, Delta, and United, all offer similar base pay for captains of up to $447 per hour. AdvertisementCommercial airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. Airline pilots at Delta and United have gotten heft profit-sharing in recent years. These hours pay the same rate and have guaranteed minimums of 70-75 hours, depending on the airline, according to the Air Line Pilots Association.

Persons: —, Tim Boyle, ALPA, Nicolas Economou, widebodies, Boeing narrowbodies Organizations: Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, United, Airline, Getty, Air Line Pilots Association, BI, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia, widebodies

☆ Airline pilots at Delta, American, and United can make more than $500K a year — here's how their pay compares
▼ + stars: | 2024-04-05 | by ( Taylor Rains | ) www.businessinsider.com time to read: +7 min

Three major airlines, American, Delta, and United, offer similar captain base pay of up to $447 an hour. AdvertisementCommercial-airline pilots have become some of the highest-paid workers in the US thanks to a suite of post-pandemic pay raises. These pilots earn hundreds of dollars for every hour of flight time, with pay increasing with every year of seniority. These hours pay the same rate and have guaranteed minimums of 70 to 75 hours, depending on the airline, according to the Air Line Pilots Association. Related storiesHere's a breakdown of the base pay pilots at American, Delta, and United earn per hour of payable time, according to contracts sent to Business Insider from the airline or its union.

Persons: —, Tim Boyle, ALPA, Nicolas Economou Organizations: United, Service, American Airlines, Delta Air Lines, United Airlines, Bureau of Labor Statistics, Delta, Airbus, Boeing, Veterans, American, Airline, Getty, Air Line Pilots Association, Business, Delta Air Lines Delta Airlines Airbus, United Airlines Boeing Locations: Europe, Americas, South Africa, Japan, Australia

☆ A Delta passenger is calling on the airline to change its policies after she says she was escorted off a flight for not wearing a bra
▼ + stars: | 2024-04-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Lisa Archbold says she was escorted off a Delta Air Lines flight for not wearing a bra. Her attorney, Gloria Allred, is calling for a meeting with Delta to discuss a change in policy. AdvertisementA Delta Air Lines passenger who says she was escorted off a flight for not wearing a bra is calling on the carrier to change its policy. In her letter, Allred questioned how wearing a t-shirt without a bra aligns with Delta's policy that removal could be necessary if a person's clothing causes, "an unreasonable risk of offense or annoyance." Delta Air Lines did not immediately respond to a request for comment from Business Insider sent outside US working hours.

Persons: Lisa Archbold, Gloria Allred, —, Archbold, Donald Trump, Kelly, Allred, Archbold wasn't, Glen Hauenstein Organizations: Delta Air Lines, Delta, Service, Air Lines, NBC Los, Archbold . Delta Air Lines, Business Insider Locations: Salt Lake City, San Francisco, NBC Los Angeles, Archbold

☆ JetBlue’s new checked bag fees now depend on the day
▼ + stars: | 2024-04-02 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The price of a first checked bag now ranges from $35 to $50 under a recently revealed fee structure that depends on a number of factors, including dates JetBlue determines to be peak or off-peak. JetBlue is giving flyers a $10 discount if they add a checked bag during booking and at least 24 hours before check-in, with prices ranging from $35 for off-peak dates and $40 for peak dates. Peak dates encompass about half of the year, including most of the busy summer travel season as well as dates before and after the Thanksgiving and Christmas holidays in 2024. For next year, the dates range from mid-February (Valentine’s Day and President’s Day) and most of April for spring break and Easter. The first checked bag remains free on its transatlantic flights, except for customers flying on its cheapest fare (Blue Basic), which now costs between $60 to $70.

Persons: Carl Icahn Organizations: New, New York CNN, JetBlue, American Airlines, United Airlines, Delta Air Lines, Spirit Airlines, Los Angeles International Airport Locations: New York

Meanwhile, Micron got a price target increase from Bank of America, which sees the chipmaker surging more than 20%. 7:08 a.m.: Jefferies raises forecast on Target Jefferies thinks improving consumer discretionary trends should boost Target shares. The firm increased its price target on the stock to $205 from $195, implying shares gaining 16% from where they closed on Thursday. He upgraded shares to overweight from equal weight and increased his price target by $13 to $59. The bank also revised its bull case price target to $110 from $90, implying upside of nearly 130%.

Persons: Morgan Stanley, Target Jefferies, Corey Tarlowe, Jefferies, Tarlowe, TGT's, — Hakyung Kim, Wells, Roger Read, Read, Hakyung Kim, Brandon Oglenski, Hunt, Robinson, Werner, Oglenski, Anthony Cassamassino, Vivek Arya, Arya, —, Morgan, DAL, Fred Imbert Organizations: CNBC, Delta Air Lines, Micron, Bank of America, Jefferies, Target, Devon Energy, Diamondback Energy, EOG Resources, Barclays, J.B, C.H, Werner Enterprises, Bank of America's, Microsoft, Meta, Next, 2Q, Spotify, Citigroup, Marvell, Devices, TAM, Abercrombie, Fitch's Locations: Wells Fargo, Devon, Delaware, Q2'24, Thursday's, DAL

☆ United Airlines asks pilots to take voluntary unpaid leave because of Boeing delivery delay
▼ + stars: | 2024-04-01 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —United Airlines is asking its pilots to take voluntary unpaid leave in May because of delays in Boeing deliveries, according to a memo sent by the union representing pilots. Because of the delivery delay, “our forecasted block hours for 2024 have been reduced and we are offering our pilots voluntary programs for the month of May to reduce excess staffing,” United Airlines said in a statement Monday. The Federal Aviation Administration is taking a closer look at United after a series of almost a dozen incidents at the airline, United said in a March memo. On March 15, a United Boeing 737-800 landed in Medford, Oregon, missing an external panel, though no passengers were injured. Boeing has been in the spotlight since the Alaska Airlines Boeing 737 Max 9 incident.

Persons: United, Scott Kirby, ” Kirby, Chris Isidore, Pete Muntean, Gregory Wallace Organizations: New, New York CNN — United Airlines, Boeing, ” United Airlines, Federal Aviation Administration, United, Airbus, Alaska Air, Max, American Airlines, Delta Air Lines, United Boeing, Alaska Airlines Boeing Locations: New York, Covid, Alaska, Medford , Oregon, United

☆ April is company preannouncement season and Goldman has a way to trade it
▼ + stars: | 2024-03-31 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

April sees about 10% of all preannouncements for a given year on average, according to Goldman Sachs. Given that earnings announcements can cause stock volatility, whether they are scheduled or not, this could create an opportunity for options traders to capitalize. CNX, a natural gas company, has announced preliminary results in April four times since 2011, according to Goldman, while Delta has done so three times. The stock has since erased that drop, but the sharp one-day move likely created some winners among options traders. Health care is a sector that sees a higher-than-average number of preannouncements, according to Goldman, which could bode well for traders interested in HCA.

Persons: Goldman Sachs, John Marshall, Goldman, bode Organizations: Delta Air Lines, HCA Holdings, Fidelity National Information Services Locations: Delta, DAL

☆ Taylor Swift fan sues Delta Air Lines after being sexually assaulted by mechanic on flight
▼ + stars: | 2024-03-31 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +4 min

A Taylor Swift fan is suing Delta Air Lines after she was sexually assaulted on a flight. AdvertisementA woman is suing Delta Air Lines after she was sexually assaulted on a flight last year. AdvertisementIndeed, The US Attorney's Office for the Western District of Washington highlighted two other incidents in March in its jurisdiction. Roberson faces up to a year in prison when sentenced on June 5, 2024, said the US Attorney's Office on March 8. Sexual assaults on aircraft are also increasing nationally, with the FBI last year noting a "disturbing increase" in incidents.

Persons: Taylor, —, Taylor Swift, Mark Lindquist, Duane Brick, Brick, " Lindquist, Brian Patrick Durning, Tessa Gorman, Jack Roberson, Seattle . Roberson Organizations: Delta Air Lines, Service, Mark Lindquist Law, Delta, Newsweek, US, Office, Western, of Washington, Airlines, Getty, of, Washington, FBI Locations: Delta, Phoenix, Seattle, King County , Washington, FilippoBacci, Western, of Washington, Emirates, Atlanta

☆ A family is suing Delta Air Lines after a 13-year-old girl was sexually assaulted when she was separated from her parents on board
▼ + stars: | 2024-03-25 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

A 13-year-old girl was sexually assaulted on a Delta Air Lines flight in 2022. A lawsuit filed last Monday says Delta didn't restrain him and allowed him to roam around the cabin. AdvertisementDelta Air Lines is being sued by the family of a 13-year-old girl who was sexually assaulted on a flight. "After the flight landed, Delta did not restrain Durning or arrange for law enforcement to escort him off the plane," the lawsuit says. Delta Air Lines did not immediately respond to a request for comment sent by BI outside US working hours.

Persons: Brian Patrick Durning, Delta didn't, —, Durning Organizations: Delta Air Lines, Service, ZB, BI Locations: California, Los Angeles, Orlando, Delta

The American plane maker has been under intense pressure since early January, when a panel blew off a brand-new Alaska Airlines 737 Max midflight. Photos You Should See View All 60 ImagesTHE CRASHESThe bulk of criticism and investigations swirling around Boeing today center on the company's Max jets. Boeing agreed to pay $2.5 billion to settle a Justice Department investigation, admitting that employees misled regulators about the safety of the 737 Max. Last year, Boeing reported a problem with fittings on Max jets where the fuselage meets the vertical section of the tail. Also under investigation is what prompted the emergency landing in Wichita, Kansas, of a Denver-bound United Airlines flight in December.

Persons: Max midflight, That's, Max, shakeups, David Calhoun, Calhoun, —, “ Organizations: Boeing, Alaska Airlines, Delta Air Lines, United Airlines, Airbus, Indonesia’s, Ethiopian Airlines, Department, MORE, FBI, FAA, Spirit, United Airlines Boeing, Max, Passengers, National Transportation Safety, American Airlines, Southwest Airlines, NTSB Locations: Arlington , Virginia, Addis Ababa, Oregon, Wichita , Kansas, Newark , New Jersey, Denver, San Francisco, Los Angeles, —

☆ A 26-year-old Texas man took pictures of Delta passengers' tickets to sneak onto a flight, prosecutors say
▼ + stars: | 2024-03-21 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

A man was arrested after boarding a Delta flight in Utah using a photo of another passenger's ticket. This is at least the third instance this year of passengers boarding planes without valid tickets. AdvertisementA man was arrested in Salt Lake City on Sunday after boarding a Delta Air Lines flight without his own ticket. He got on the plane by using a photo of another passenger's boarding pass, prosecutors say. He got on the flight "using his phone as a boarding pass," court documents said.

Persons: —, Wicliff Yves Fleurizard, Fleurizard Organizations: Delta, Service, Delta Air Lines, American Airlines, FBI, Southwest Airlines, USA Locations: Utah, Texas, Salt Lake City, Nashville, Los Angeles, Copenhagen, London, Lake

Tokyo’s Nikkei 225 index rose 0.7% to 40,003.60, while the dollar rose to 150.35 Japanese yen from 149.14 yen. Australia's S&P/ASX 200 added 0.4% to 7,703.20 after Australia’s central bank kept its benchmark interest rate steady at 4.35% for a third consecutive meeting. This week's highlight for Wall Street will likely be the Federal Reserve’s meeting on interest rates, which ends on Wednesday. The widespread expectation is for the central bank to hold its main interest rate steady at its highest level since 2001. But Fed officials will also give updated forecasts for where they see interest rates heading this year and in the long run.

Persons: Australia's, Tesla, Stephen Scherr, Wayne “ Gil ”, He’s, It's Organizations: Bank of Japan, Nikkei, Reserve Bank, Bank of England, Dow Jones, Nasdaq, Nvidia, Big Tech, Hertz Global Holdings, Cruise, Delta Air Lines, Boeing, Workers, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, Seoul, U.S, Oregon, San Francisco

☆ United's string of scary safety events likely has nothing to do with Boeing
▼ + stars: | 2024-03-18 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

Read previewFrom a missing panel to a tire falling off midair, United Airlines has experienced multiple high-profile safety incidents over the past few weeks. Instead, some aviation experts have pointed to a possible trend in United's maintenance safety systems. Regarding the missing panel, he said, "that smacks of a maintenance problem of United Airlines." Former Delta Air Lines chief pilot, Alan Price, noted safety redundancies in some events played out as they were designed to. Kirby said safety enhancements like an extra day of pilot training and a "centralized training curriculum" for new-hire mechanics, which were planned before the recent safety events, are actively being deployed.

Persons: —, Max, That's, Arthur Rosenberg, Richard Aboulafia, Steve Ganyard, Alan Price, Kit Darby, Mark Millam, Scott Kirby, Kirby Organizations: Service, United Airlines, Airbus, Boeing, Business, Fox News, Tires, Aviation, ABC, Denver International Airport ,, Aviation Safety Network, Former Delta Air Lines, Associated Press, CBS, Flight Safety Foundation, Alaska Airlines Locations: Houston, San Francisco, United, Denver, Denver International Airport , Colorado, USA

☆ Hertz CEO out following electric car ‘horror show’
▼ + stars: | 2024-03-18 | by ( Chris Isidore | ) edition.cnn.com time to read: +5 min

New York CNN —Trouble and turmoil continue at rental car company Hertz. But the problem for Hertz wasn’t necessarily that the cars were electric, and customers simply do not want to drive electric cars. There might not be a charging station, or enough time, for a rental car customer to charge an EV, Ives said. These cases sometimes resulted in Hertz customers being arrested and even imprisoned. Scherr wasn’t the one who decided to make the big bet on EV demand by rental car customers.

Persons: Stephen Scherr, Goldman Sachs, He’ll, Gil West, Hertz, EVs, Tesla, ”, Daniel Ives, Ives, ” Ives, Scherr, Mark Fields, Ford, Paul Stone, Stone Organizations: New, New York CNN, Hertz, Delta Air Lines, General Motors, American, Wedbush Securities, EV, Volvo, Avis Budget Group, Tesla, Avis Budget, Enterprise Locations: New York, EVs, Tesla, Polestar

☆ The big push for AI, TikTok bans, and spaces for influencers of color: Here are 3 takeaways for creators from SXSW.
▼ + stars: | 2024-03-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +6 min

AI was very popular, but most panels failed to discuss the consThe harmful impacts of AI dominated the conversation among creators at SXSW. Related storiesIn a session titled "AI in Video: Revolutionizing or Replacing Creators," Vimeo product executive Zohar Dayan's presentation similarly focused on the technology's benefits. Talk of a TikTok ban? Employees and creators are 'bored' of itOutside SXSW, the conversation has picked up about a potential TikTok ban in the US , but there was radio silence about it in Austin among the TikTok employees and creators I met. "We're so bored of that topic, honestly," said two TikTok employees, who spoke on condition of anonymity out of concern about facing repercussions from their employer.

Persons: Cassey Ho, OpenAI's, Peter Deng, Deng, Zohar, Dan Whateley, they've, Kahlil Greene, he's, Jerry Won, Justin Nguyen, Mylen Yamamoto Tansingco, Sam Li, Sean Kim, Sam Yam, Austin Hilton, Tumi Brooks Organizations: Southwest, Delta Air Lines, Business, IBM, SXSW, Snapchat, Pershing House, Talent, Austin, Austin Hilton Hotel, Convention Locations: Austin, Australia, China, member's, TikTok, Netflix's, Singapore

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