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What's more, her $23 in SNAP doesn't go very far at the grocery store — maybe it covers a few packages of frozen vegetables, a carton of milk, and some chicken. AdvertisementShe relies on her Social Security for income — an amount that comes out to $1,680 a month, according to documents viewed by BI. AdvertisementOn her limited income, Rita said she can feel lonely. Are you living paycheck to paycheck on Social Security? Have you chosen to take Social Security early or delay benefits?
Persons: , Rita hasn't, Rita, She's, it's, wouldn't, hadn't, she's Organizations: Service, SNAP, Business, Social, BI, Income, Northwestern Mutual, Social Security, Security Locations: Pekin , Illinois, Chicago, Pekin
Southwest Airlines is getting rid of open seating
  + stars: | 2024-07-25 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
Southwest said customers were clamoring for these changes – when people switch to a competitor from Southwest, the company said the No. But the change will also help the company charge some passengers more for their tickets. “The research is clear and indicates that 80% of Southwest customers, and 86% of potential customers, prefer an assigned seat,” said the airline in a statement. Southwest doesn’t charge for carry on bags and has long allowed passengers to check two bags for free. The premium seats, which will offer more legroom, will not be available until 2025 as it will require reconfiguring its planes.
Persons: , Max Organizations: New, New York CNN, Southwest, United, Delta, Boeing Locations: New York, Southwest, Delta
Southwest Airlines is ending open seating and will offer extra legroom seats on its airplanes as mounting pressure on the carrier to increase revenue prompts the biggest changes to its business model in its 53 years of flying. The airline plans to start selling the first flights that will offer extra legroom next year, it said Thursday. When travelers choose a competitor over Southwest, the airline found in its research that its open seating model was the No. Rival carriers offer a host of options to upsell customers like extra legroom seats, premium economy or business class. Southwest will provide more details about the upcoming changes at an investor day at the end of September.
Persons: they'll, Bob Jordan, Jordan Organizations: Southwest, Southwest Airlines, Elliott Investment Management, Boeing, Federal Aviation Administration, Analysts Locations: Dallas, Delta, United
Southwest reported 58 cents in adjusted earnings per share on $7.35 billion of revenue. Analysts surveyed by LSEG were looking for a profit of 51 cents per share on $7.32 billion in revenue. RTX reported $1.41 earnings per share, ex-items, compared to analysts' estimate of $1.30 per share, according to LSEG. KLA reported adjusted earnings of $6.60 per share, higher than analysts' expectations of $6.15 per share, according to LSEG. Ford reported adjusted earnings per share of 47 cents, significantly less than the consensus forecast of 68 cents, per LSEG.
Persons: oversupply, overshadowing, AbbVie, Dow, LSEG, Northrop Grumman, Dr Pepper, ServiceNow, CJ Desai, Molina, FactSet, Edwards, Ford, , Yun Li, Jesse Pound, Christina Cheddar Berk, Fred Imbert Organizations: Airlines —, American Airlines, Honeywell —, Southwest Airlines —, Hasbro, IBM, Northrop, LSEG, Nasdaq, KLA Corporation, U.S . Army, Molina Healthcare, Technology, Ford, Viking Therapeutics Locations: LSEG
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSouthwest profit falls 46% as airline takes ‘urgent’ steps to increase revenueCNBC's Phil LeBeau joins 'Squawk Box' to report on the airline's quarterly earnings results.
Persons: Phil LeBeau
Read previewA Southwest Airlines flight that was diverted after a dangerously low descent was likely down to "pure human error," aviation experts said. A Southwest flight came dangerously close to the Courtney Campbell Causeway in Tampa. A dangerous patternIt's not the first time a Southwest flight has descended to a dangerously low altitude. In June the FAA said it was investigating a Southwest flight that dropped to 525 feet when it was 9 miles from landing in Oklahoma City. The FAA is also looking into another Southwest flight that descended to 400 feet above the ocean off the coast of Kauai, Hawaii, in April.
Persons: , Max, Richard Curran, Mark Stephens, Curran, Courtney Campbell, Sridip Kumar Mishra, Stephens, Nancy Allen, it's, Robert Katz, Katz Organizations: Service, Airlines, Boeing, Business, Air Traffic Control, TV, Fox, Aviation Administration, Aviation Management, City University of London, Delta Air Lines, aj Airbus, Tampa Bay Times, Tampa International Airport, FAA Locations: Columbus , Ohio, Tampa , Florida, Fort Lauderdale, Tampa, Tampa Bay, Oklahoma City, Kauai, Hawaii, Southwest
CNN —Much of the Philippine capital remained underwater Thursday after deadly Typhoon Gaemi worsened torrential monsoon rains that lashed the country, trapping thousands of people in rising flood waters and causing widespread damage. Lisa Marie David/ReutersA road is seen flooded caused by Typhoon Gaemi and monsoon rains on July 24, 2024 in Quezon city, Metro Manila, Philippines. Ezra Acayan/Getty ImagesRescuers evacuate residents from their flooded homes on July 24, 2024 in Quezon city, Metro Manila, Philippines. An aerial view shows Xindian river's rising water level at New Taipei City as typhoon Gaemi passes Taiwan on July 25, 2024. Residents wade a flooded road caused by Typhoon Gaemi and monsoon rains on July 24, 2024 in Marikina, Metro Manila, Philippines.
Persons: Carina –, Gaemi, Typhoon Gaemi, Lisa Marie David, Ezra Acayan, , Hsiao Huan, Sam Yeh, Armando Balilo, Vico Sotto, Ferdinand Marcos Jr, Rai, Odette –, Haiyan, Marcos, ” Marcos, Khevin Yu Organizations: CNN, Metro Manila, Philippine News Agency, Rescuers, Reuters, Central Emergency Operations Center, National Fire Agency, New, Getty, Philippine Coast Guard, PCG, CNN “, Philippine, Super, Greenpeace Locations: Philippine, Philippines, Taiwan, Manila, Luzon, Metro, Marikina City, Metro Manila, Quezon city, Taiwan’s, Tanzanian, Kaohsiung, China, Fujian, New Taipei City, AFP, Bataan, Quezon City, Pasig City, Marikina, , Pasig, Asia’s, Greenpeace Philippines
Southwest Airlines has had an unassigned seating policy for over 50 years. The carriers now plans to assign seats on all flights and offer premium seating options. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead, it will start assigning seats before all flights and offering premium seating options.
Persons: Organizations: Southwest Airlines, Elliott Investment Management, Service, Business
Ford posted adjusted earnings per share of 47 cents compared to the consensus forecast of 68 cents, according to LSEG. Edwards also reported second-quarter adjusted earnings of 70 cents a share, a penny above expectations, per LSEG. Honeywell — Shares moved more than 4% lower after the industrial giant's full-year outlook missed analysts' expectations. According to LSEG, analysts were expecting earnings to come in at $2.20 per share on $15.62 billion in revenue. Northrop Grumman — The defense stock climbed more than 5% after the company beat second-quarter earnings expectations.
Persons: Ford, Molina, FactSet, Edwards Lifesciences, Edwards, CJ Desai, LSEG, RTX, AbbVie, Northrop Grumman, , Alex Harring, Yun Li, Pia Singh, Hakyung Kim, Jesse Pound Organizations: Ford, Viking Therapeutics, U.S . Army . American Airlines, American Airlines, Honeywell —, Southwest Airlines —, Southwest, Citi, Hasbro, Revenue, Machines, Business Machines, Nasdaq
Read previewBudget airlines are upending many of their original business plans as increased costs wreak havoc on their bottom lines. On Thursday, Southwest Airlines announced the end of its open seating policy, a 50-year practice of letting passengers choose their seats based on their boarding order instead of having one pre-assigned. Budget flying has been moving in this direction for yearsThe industry's sea change has left budget carriers scrambling to increase revenue without turning away customers, prompting major policy changes. Other budget airlines have been similarly evolving their business models in recent years. Frontier Airlines and Spirit Airlines, for example, ditched most cancellation and change fees for ticket holders.
Persons: , Savanthi, Raymond James, Henry Harteveldt, Scott Kirby, Bob Jordan, Jordan, I'm Organizations: Service, Southwest Airlines, Business, Frontier Airlines, Spirit Airlines, JetBlue, Spirit, United Airlines, CNBC Locations: Southwest
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
Southwest Airlines airplanes are serviced at their gates at Fort Lauderdale-Hollywood International Airport on May 18, 2024, in Fort Lauderdale, Florida. Shares of Southwest fell 4% in premarket trading Thursday. Revenue per available seat mile, a gauge of airline pricing power, fell 3.8%, roughly in line with Southwest's reduced forecast last month. Southwest reported adjusted per-share earnings of 58 cents a share, above analysts' expectations. The airline is in the middle of an overhaul as pressure mounts from investors to do more increase revenue.
Persons: Bob Jordan, Jordan Organizations: Southwest Airlines, Hollywood International Airport, Southwest, Boeing, Elliott Investment Management, Delta Air Lines, United Airlines Locations: Fort Lauderdale, Fort Lauderdale , Florida, U.S
Being biracial has led me to question my identity a lot; I'm not white, but I'm not Black either — so what does that leave me with? I don't feel like I own this part of my identityPeople I meet for the first time often ask me about my "origins" — it's not something that used to bother me. But the older I get, the more I realize I don't feel I own this part of my identity. Part of my biracial experience comes down to acknowledging that I'm going to look like somebody different in everyone's eyes. AdvertisementLooking and feeling racially ambiguous has sometimes felt othering and occasionally made me feel like I didn't belong either in white majority settings or in Black majority ones.
Persons: biracial, I'm Organizations: Service, Latina Locations: Guadeloupe, West Indies, Southwest, France, Caribbean
Southwest CEO Bob Jordan: Not happy with our results in Q2
  + stars: | 2024-07-25 | 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 EmailSouthwest CEO Bob Jordan: Not happy with our results in Q2CNBC’s Phil LeBeau and Southwest CEO Bob Jordan join 'Squawk on the Street' to discuss the airline's quarterly earnings results, the company's decision to end open seating, FAA's safety audit into the airline, impact of CrowdStrike's IT outage, and more.
Persons: Bob Jordan, Phil LeBeau Organizations: Southwest
The situation finally appeared to be returning to normal Wednesday: Delta canceled only 51 flights as of 6 am ET, according to tracking service FlightAware, or only about 1% of its schedule. But it could still take days to get all Delta passengers who had been booked on those canceled flights to where they wanted to go. Delta passengers try to find their bags after canceled and delayed flights at Hartsfield-Jackson Atlanta International Airport on Monday. But it’s not like Delta executives were sitting on the sidelines during Southwest’s struggles thinking, “’Well we really are an amazing airline. Travelers wait in line at the Southwest Airlines ticketing counter at Nashville International Airport after the airline canceled thousands of flights in Nashville, Tennessee in December 2022.
Persons: New York CNN — It’s, Delta, Jessica McGowan, Kathleen Bangs, Ed Bastian, it’s, ’ ” Bangs, Seth Herald, We’ve, Chris Perry, Bangs, she’d, aren’t, Organizations: New, New York CNN, Delta Air Lines, Delta Connection, Delta, Department of Transportation, Hartsfield, Jackson Atlanta International Airport, CNN, , Southwest Airlines, Nashville International, Getty, Southwest Locations: New York, Atlanta, Southwest, Nashville , Tennessee, AFP
Typhoon Gaemi is expected to strengthen into a super typhoon before making landfall on Taiwan’s northeastern coast Wednesday evening. Heavy rain hit Taiwan ahead of the storm’s landfall on Wednesday, with the island’s mountainous areas already reporting rainfall approaching 200 millimeters (8 inches). Typhoon Gaemi is strengthening in Pacific waters that have been at their warmest temperatures on record. Images show roads and streets in Manila flooded by rains brought by Typhoon Gaemi, as people wade through knee-deep water. Torrential rainfall hit southern, central and eastern parts of the country and led to major emergency response efforts in a flood season that has started some two months ahead of its typical schedule.
Persons: Gaemi, Han, Sun Li, fiang, Typhoon Gaemi, Ferdinand Marcos Jr, Organizations: Taiwan CNN, Typhoon Warning, Central Meteorological Agency, CMA, Taiwan Railways, China Airlines, Starlux Airlines, Philippine Stock Exchange, Taiwan Locations: Taipei, Taiwan, Fujian, Hualien county, chipmaking, Hsinchu, Kaohsiung, China, Hualien ., Philippines, Manila, Luzon, Philippine, Zhejiang, Jiangxi, Henan, Shanxi, Hebei
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Read previewSome parents say they were left scrambling to help their stranded kids after Delta Air Lines suddenly changed its policies as it grapples with extended delays and cancellations that stretched into the fourth day. "It was about three hours of sheer panic," one of the parents, Cecilia Stone, told Business Insider. AdvertisementAfter the outage, Delta barred unaccompanied minors from traveling, a move its competitors have not implemented. AdvertisementDonald had a regular ticket, but as a minor was still not allowed to fly, Stone told BI. AdvertisementDelta told Business Insider in a statement that it stopped unaccompanied kids from traveling "to protect minors from being separated from their families and caregivers in the event of flight disruptions or cancellations."
Persons: , Cecilia Stone, Transportation Pete Buttigieg, Joel Fortney, wasn't, Fortney, Donald, Stone, Delta didn't, hasn't Organizations: Service, Delta Air Lines, Delta, Business, Transportation, The New York Times, Navy, Delta Airlines Locations: Iowa, Maine, Chicago, Salt Lake City, San Diego
DOT investigating Delta over IT outage chaos
  + stars: | 2024-07-23 | by ( Justine Fisher | ) www.cnbc.com   time to read: +2 min
Delta Airlines passengers line up for agent assistance at Hartsfield-Jackson Atlanta International Airport on July 22, 2024 in Atlanta, Georgia. The U.S. Department of Transportation's Office of Aviation Consumer Protection is investigating Delta Air Lines over chaos sparked by last week's global IT outage, according to a statement. The DOT cited widespread flight disruptions and customer service failures in which Delta did not uphold commitments to its passengers, it said. On Tuesday, 12% of Delta flights were canceled and 13% were delayed as of mid-morning, according to FlightAware, with some passengers still stranded in airports even days after the outage. The DOT penalized the airline $140 million, a sum 30 times larger than any previous consumer protection violations penalty from the department.
Persons: Pete Buttigieg, Ed Bastian, Rahul Samant, Bastian Organizations: Delta Airlines, Hartsfield, Jackson Atlanta International Airport, The U.S . Department of Transportation's, of Aviation, Protection, Delta Air Lines, Delta, Microsoft, Social, Southwest Airlines Locations: Atlanta , Georgia, The, Atlanta and Minneapolis
The town of Kazreti, nestled in the picturesque mountains of Georgia near the border with Armenia, once boasted a cinema, a bank, musical fountains, two schools and a kindergarten. Dance ensembles and volleyball teams from across the Soviet Union would come to perform and compete, and central heating and electricity were free. But after the Soviet Union’s collapse in the 1990s, he said, everything also came crashing down in Kazreti. No longer supported by the Soviet command economy, the unprofitable local gold and copper mines and an enrichment plant were shut, putting hundreds of people out of work. Now there is just one school in the town and the cinema and bank have closed.
Persons: , Davit Jakeli Locations: Kazreti, Georgia, Armenia, Soviet Union, Tbilisi, Soviet
Best United Credit Cards of 2024
  + stars: | 2024-07-23 | by ( Jasmin Baron | Angela Fung | Katherine Fan | ) www.businessinsider.com   time to read: +57 min
Best United Credit CardsBest if you're not exclusively loyal to United: Chase Sapphire Preferred® CardBest premium travel card if you aren't loyal to United: Chase Sapphire Reserve®Best United credit card for non-elite flyers: United℠ Explorer CardBest for travelers who check bags: United Quest℠ CardBest United Airlines credit card for business travelers: United℠ Business CardBest for United Club airport lounge access: United Club℠ Infinite CardBest for budget travelers: United Gateway℠ CardBest for road warriors: Ink Business Preferred® Credit CardBest for luxury travel: The Platinum Card® from American ExpressBest for renters: Bilt Mastercard®Introduction to United Credit CardsUnited flyers are spoiled for choice when it comes to airline credit cards. Best United credit card for non-elite flyers United℠ Explorer Card Apply now lock icon An icon in the shape of lock. United Credit Card Frequently Asked QuestionsCan miles earned on United credit cards be used for other airlines? Each United card is considered a different product, so you can have more than one United card — for example, the United℠ Business Card and the United Quest℠ Card. Why You Should Trust Us: How We Chose the Best United Credit CardsWhen considering the best United Airlines credit cards, we examined cards beyond those simply with the United Airlines name on the front.
Persons: Chase, Chase Travel ℠, Uber, Wiley, Julie Mehretu, Peacock, Uber Cash, you’re, Bilt, Experian, TransUnion ™, Equifax, it's, Cardholders, It's, MileagePlus, Avianca LifeMiles, you'll, , I'm, we've Organizations: Business, Club, Best United, United, Chase, United Airlines, United Club, American Express, United Credit Cards, United Chase Sapphire, Chase Travel, Sapphire, Hotel, FDIC, Chase Sapphire, TSA, Best, United ®, Best United Airlines, United ℠, Card, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, American, Walmart, Global, Saks Fifth, Mastercard, Alliance, British Airways, JetBlue, Chase Sapphire Reserve, , United Gateway, MileagePlus, Air Canada, Singapore Airlines KrisFlyer, United Clubs, Locations: United, Canada, Chase TravelSM, Hulu, Southwest, Air Canada, Chase, Chevron
Compare Affinity Plus Federal Credit Union products Affinity Plus Federal Credit Union Membership Savings AccountAffinity Plus Federal Credit Union Better Than Free Checking AccountAffinity Plus Federal Credit Union Basic CertificateAffinity Plus Federal Credit Union Superior Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Start saving On Affinity Plus Federal Credit Union's website Start banking Affinity Plus Federal Credit Union, NCUA insured. Affinity Plus Federal Credit Union Superior Money Market Account ReviewAffinity Plus Federal Credit Union Superior Money Market Account Start banking Affinity Plus Federal Credit Union, NCUA insured. Affinity Plus Federal Credit Union FAQsWhere are Affinity Plus Federal Credit Union locations? How Affinity Plus Federal Credit Union ComparesAffinity Plus Federal Credit Union vs. Premier Members Credit UnionPremier Members Credit Union has 17 branches in Colorado.
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Read previewThe FAA is investigating after a Southwest Airlines plane flew dangerously close to the ocean. The FAA told BI it had opened an investigation. It's the third report of a Southwest flight descending to a dangerously low altitude this year. In June, the FAA said it was investigating a Southwest flight that descended to 525 feet nine miles out from Will Rogers World Airport in Oklahoma City. AdvertisementThe FAA is also investigating another Southwest flight that was just 400 feet above the ocean off the coast of Kauai, Hawaii, in April, Bloomberg first reported.
Persons: , Max, Courtney Campbell, Kent Davis, Will Organizations: Service, Southwest Airlines, Boeing, CNN, Fox, Business, Tampa International, Federal Aviation Administration, FAA, Pilots, Will Rogers, Airport, Bloomberg Locations: Columbus , Ohio, Tampa , Florida, Fort Lauderdale, Oklahoma City, Kauai, Hawaii
You can get down payment assistance through CHFA's Down Payment Assistance Program or the Time To Own program. VermontThe Vermont Housing Finance Agency offers mortgages, down payment assistance, a first generation homebuyer program, and a mortgage credit certificate. NebraskaThe Nebraska Investment Finance Authority is another state housing finance agency that offers programs for first-time and repeat buyers alike. State first-time homebuyer programs FAQsHow do first-time homebuyer programs differ by state? You may be able to combine multiple forms of state-backed first-time homebuyer assistance, or get state assistance in addition to other, unrelated programs.
Persons: you'll, CHFA, DSHA, MaineHousing, NJHMFA, MHDC, UHC Organizations: Connecticut Housing Finance Authority, FHA, Housing Authority, Maine MaineHousing, Loan, Massachusetts MassHousing, New Hampshire New Hampshire Housing, New Jersey Housing, Mortgage Finance Agency, New Jersey Police, New York Mortgage Agency, Pennsylvania Housing Finance Authority, Vermont Housing Finance Agency, Alabama Housing Finance Association, Arkansas, Finance Authority, of Columbia Homebuyers, DC Housing Finance Agency, D.C, Florida Housing Finance Corporation, Georgia Department of Community Affairs, Georgia, Plus, Kentucky Housing Corporation, Louisiana Housing Corporation, Maryland Department of Housing, Community Development, Mississippi The Mississippi Home Corporation, North Carolina Housing Finance Agency, Carolina South, Carolina South Carolina Housing, Palmetto, SC, South Carolina National Guard, Tennessee Housing Development Agency, Virginia Virginia Housing, Virginia Department of Housing, West, West Virginia The West, West Virginia The West Virginia Housing Development Fund, Illinois Housing, Authority, Indiana, Indiana Housing, Community Authority ., Iowa Finance Authority, IFA, Kansas Housing, Assistance, Michigan, Housing Development Authority, Minnesota Housing Finance Agency, Missouri Housing, Commission, Nebraska, Nebraska Investment Finance Authority, North, North Dakota Housing Finance Agency, Ohio Housing Finance Agency, South Dakota Housing Development Authority, Economic Development Authority, Arizona The, Arizona The Arizona Industrial Development Authority, New Mexico Mortgage Finance Authority, Oklahoma, Oklahoma Housing Finance Agency, Texas The, Affordable Housing Corporation, Texas, Homes, Texas Heroes, Alaska Housing Finance Corporation, California Housing Finance Agency, Colorado, Colorado Housing, Hawaii Housing Finance, Development Corporation . Idaho, Idaho Housing, Finance Association, Montana, Montana Montana Housing, Nevada Housing Division, Oregon Oregon Housing, Community Services, Utah Housing Corporation, Washington, Washington State Housing Finance Commission, Wyoming Community Development Authority Locations: Connecticut, Delaware, New Hampshire New Hampshire, New Jersey, York The State, Pennsylvania, Rhode, Vermont, Alabama, Arkansas, Washington ,, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, Carolina, Carolina South Carolina, Tennessee, Virginia Virginia, West Virginia, West Virginia The West Virginia, Illinois, Indiana Indiana, Community Authority . Iowa, Iowa, Kansas, Michigan, Minnesota, Missouri, NIFA, North Dakota, North, Ohio, OHFA . South Dakota, Wisconsin, WHEDA . Southwest, Arizona, Arizona The Arizona, Mexico, Oklahoma, Texas, Texas The Texas, TSAHC ., Alaska, California, Colorado, Hawaii, Idaho, Montana Montana, Nevada, Oregon Oregon, Utah, Washington, Wyoming, Chevron
Atlanta-based Delta canceled 1,500 flights on Friday, or more than a third of its schedule. It grounded nearly 3,000 more flights over the weekend, and early Monday had already canceled 700 more flights, or about 60% of flights canceled by all airlines worldwide. Most other US airlines had only 1% of its flights canceled, compared to roughly one out of every six scheduled Delta flights. It can take longer to get crews needed to fly planes in the right cities to again staff flights. The problems at Delta are similar to the problems that occurred at Southwest Airlines over the end-of-year holiday travel period in 2022 when it had to cancel nearly 17,000 flights over the course of more than a week.
Persons: Ed Bastian, , CrowdStrike Organizations: New, New York CNN, Delta Air Lines, Delta, , Southwest Airlines, Southwest Locations: New York, Atlanta, Delta
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